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Side-by-side financial comparison of Limbach Holdings, Inc. (LMB) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.
ONESPAWORLD HOLDINGS Ltd is the larger business by last-quarter revenue ($242.1M vs $186.9M, roughly 1.3× Limbach Holdings, Inc.). Limbach Holdings, Inc. runs the higher net margin — 6.6% vs 5.0%, a 1.6% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs 11.5%). Limbach Holdings, Inc. produced more free cash flow last quarter ($27.9M vs $14.9M). Over the past eight quarters, Limbach Holdings, Inc.'s revenue compounded faster (25.3% CAGR vs 7.1%).
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
LMB vs OSW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $186.9M | $242.1M |
| Net Profit | $12.3M | $12.1M |
| Gross Margin | 25.7% | — |
| Operating Margin | 9.4% | 6.8% |
| Net Margin | 6.6% | 5.0% |
| Revenue YoY | 30.1% | 11.5% |
| Net Profit YoY | 25.0% | -16.2% |
| EPS (diluted) | $1.01 | $0.12 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $186.9M | $242.1M | ||
| Q3 25 | $184.6M | $258.5M | ||
| Q2 25 | $142.2M | $240.7M | ||
| Q1 25 | $133.1M | $219.6M | ||
| Q4 24 | $143.7M | $217.2M | ||
| Q3 24 | $133.9M | $241.7M | ||
| Q2 24 | $122.2M | $224.9M | ||
| Q1 24 | $119.0M | $211.2M |
| Q4 25 | $12.3M | $12.1M | ||
| Q3 25 | $8.8M | $24.3M | ||
| Q2 25 | $7.8M | $19.9M | ||
| Q1 25 | $10.2M | $15.3M | ||
| Q4 24 | $9.8M | $14.4M | ||
| Q3 24 | $7.5M | $21.6M | ||
| Q2 24 | $6.0M | $15.8M | ||
| Q1 24 | $7.6M | $21.2M |
| Q4 25 | 25.7% | — | ||
| Q3 25 | 24.2% | — | ||
| Q2 25 | 28.0% | — | ||
| Q1 25 | 27.6% | — | ||
| Q4 24 | 30.3% | — | ||
| Q3 24 | 27.0% | — | ||
| Q2 24 | 27.4% | — | ||
| Q1 24 | 26.1% | — |
| Q4 25 | 9.4% | 6.8% | ||
| Q3 25 | 7.2% | 10.2% | ||
| Q2 25 | 7.5% | 9.2% | ||
| Q1 25 | 5.9% | 7.7% | ||
| Q4 24 | 9.1% | 7.9% | ||
| Q3 24 | 8.1% | 10.3% | ||
| Q2 24 | 6.7% | 8.4% | ||
| Q1 24 | 5.5% | 8.0% |
| Q4 25 | 6.6% | 5.0% | ||
| Q3 25 | 4.8% | 9.4% | ||
| Q2 25 | 5.5% | 8.3% | ||
| Q1 25 | 7.7% | 7.0% | ||
| Q4 24 | 6.9% | 6.6% | ||
| Q3 24 | 5.6% | 8.9% | ||
| Q2 24 | 4.9% | 7.0% | ||
| Q1 24 | 6.4% | 10.0% |
| Q4 25 | $1.01 | $0.12 | ||
| Q3 25 | $0.73 | $0.23 | ||
| Q2 25 | $0.64 | $0.19 | ||
| Q1 25 | $0.85 | $0.15 | ||
| Q4 24 | $0.81 | $0.13 | ||
| Q3 24 | $0.62 | $0.20 | ||
| Q2 24 | $0.50 | $0.15 | ||
| Q1 24 | $0.64 | $0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $11.3M | $16.3M |
| Total DebtLower is stronger | $30.5M | $84.0M |
| Stockholders' EquityBook value | $195.7M | $542.6M |
| Total Assets | $381.1M | $707.1M |
| Debt / EquityLower = less leverage | 0.16× | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.3M | $16.3M | ||
| Q3 25 | $9.8M | $29.6M | ||
| Q2 25 | $38.9M | $35.0M | ||
| Q1 25 | $38.1M | $22.6M | ||
| Q4 24 | $44.9M | $57.4M | ||
| Q3 24 | $51.2M | $48.8M | ||
| Q2 24 | $59.5M | $62.5M | ||
| Q1 24 | $48.2M | $65.4M |
| Q4 25 | $30.5M | $84.0M | ||
| Q3 25 | $56.3M | $85.2M | ||
| Q2 25 | $28.4M | $96.2M | ||
| Q1 25 | $23.7M | $97.4M | ||
| Q4 24 | $23.6M | $98.6M | ||
| Q3 24 | $20.5M | $98.7M | ||
| Q2 24 | $19.7M | $123.8M | ||
| Q1 24 | $19.4M | $138.6M |
| Q4 25 | $195.7M | $542.6M | ||
| Q3 25 | $181.6M | $552.8M | ||
| Q2 25 | $170.5M | $548.3M | ||
| Q1 25 | $161.1M | $530.6M | ||
| Q4 24 | $153.5M | $554.5M | ||
| Q3 24 | $142.2M | $540.1M | ||
| Q2 24 | $133.0M | $532.7M | ||
| Q1 24 | $125.5M | $515.5M |
| Q4 25 | $381.1M | $707.1M | ||
| Q3 25 | $409.1M | $732.6M | ||
| Q2 25 | $343.0M | $731.8M | ||
| Q1 25 | $336.4M | $708.7M | ||
| Q4 24 | $352.1M | $746.4M | ||
| Q3 24 | $324.4M | $734.0M | ||
| Q2 24 | $303.9M | $756.8M | ||
| Q1 24 | $289.2M | $763.6M |
| Q4 25 | 0.16× | 0.15× | ||
| Q3 25 | 0.31× | 0.15× | ||
| Q2 25 | 0.17× | 0.18× | ||
| Q1 25 | 0.15× | 0.18× | ||
| Q4 24 | 0.15× | 0.18× | ||
| Q3 24 | 0.14× | 0.18× | ||
| Q2 24 | 0.15× | 0.23× | ||
| Q1 24 | 0.15× | 0.27× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $28.1M | $20.0M |
| Free Cash FlowOCF − Capex | $27.9M | $14.9M |
| FCF MarginFCF / Revenue | 14.9% | 6.2% |
| Capex IntensityCapex / Revenue | 0.1% | 2.1% |
| Cash ConversionOCF / Net Profit | 2.29× | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $41.9M | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.1M | $20.0M | ||
| Q3 25 | $13.3M | $33.2M | ||
| Q2 25 | $2.0M | $20.3M | ||
| Q1 25 | $2.2M | $10.1M | ||
| Q4 24 | $19.3M | $16.6M | ||
| Q3 24 | $4.9M | $28.6M | ||
| Q2 24 | $16.5M | $18.7M | ||
| Q1 24 | $-3.9M | $15.0M |
| Q4 25 | $27.9M | $14.9M | ||
| Q3 25 | $12.8M | $27.6M | ||
| Q2 25 | $1.2M | $17.6M | ||
| Q1 25 | $11.0K | $8.4M | ||
| Q4 24 | $18.0M | $13.2M | ||
| Q3 24 | $4.6M | $27.5M | ||
| Q2 24 | $13.2M | $17.6M | ||
| Q1 24 | $-6.5M | $13.7M |
| Q4 25 | 14.9% | 6.2% | ||
| Q3 25 | 7.0% | 10.7% | ||
| Q2 25 | 0.8% | 7.3% | ||
| Q1 25 | 0.0% | 3.8% | ||
| Q4 24 | 12.5% | 6.1% | ||
| Q3 24 | 3.4% | 11.4% | ||
| Q2 24 | 10.8% | 7.8% | ||
| Q1 24 | -5.5% | 6.5% |
| Q4 25 | 0.1% | 2.1% | ||
| Q3 25 | 0.3% | 2.2% | ||
| Q2 25 | 0.6% | 1.1% | ||
| Q1 25 | 1.7% | 0.8% | ||
| Q4 24 | 0.9% | 1.5% | ||
| Q3 24 | 0.3% | 0.5% | ||
| Q2 24 | 2.7% | 0.5% | ||
| Q1 24 | 2.1% | 0.6% |
| Q4 25 | 2.29× | 1.65× | ||
| Q3 25 | 1.52× | 1.36× | ||
| Q2 25 | 0.26× | 1.02× | ||
| Q1 25 | 0.22× | 0.66× | ||
| Q4 24 | 1.96× | 1.15× | ||
| Q3 24 | 0.66× | 1.33× | ||
| Q2 24 | 2.77× | 1.19× | ||
| Q1 24 | -0.52× | 0.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LMB
| Owner Direct Relationships Segment | $145.0M | 78% |
| General Contractor Construction Manager Relationships Segment | $41.9M | 22% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
