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Side-by-side financial comparison of Limbach Holdings, Inc. (LMB) and PROCORE TECHNOLOGIES, INC. (PCOR). Click either name above to swap in a different company.
PROCORE TECHNOLOGIES, INC. is the larger business by last-quarter revenue ($349.1M vs $186.9M, roughly 1.9× Limbach Holdings, Inc.). Limbach Holdings, Inc. runs the higher net margin — 6.6% vs -10.8%, a 17.4% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs 15.6%). PROCORE TECHNOLOGIES, INC. produced more free cash flow last quarter ($109.2M vs $27.9M). Over the past eight quarters, Limbach Holdings, Inc.'s revenue compounded faster (25.3% CAGR vs 13.8%).
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
Procore Technologies is an American construction management software as a service company founded in 2002, with headquarters in Carpinteria, California. Procore hosts a platform to connect those involved in the construction industry on a global platform. The software allows for the creation of simplified workflows and displays a consolidated view of construction products that includes the tracking of tasks, management of project workflows, and scheduling.
LMB vs PCOR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $186.9M | $349.1M |
| Net Profit | $12.3M | $-37.6M |
| Gross Margin | 25.7% | 80.1% |
| Operating Margin | 9.4% | -12.3% |
| Net Margin | 6.6% | -10.8% |
| Revenue YoY | 30.1% | 15.6% |
| Net Profit YoY | 25.0% | 39.6% |
| EPS (diluted) | $1.01 | $-0.25 |
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 | $349.1M | ||
| Q3 25 | $184.6M | $338.9M | ||
| Q2 25 | $142.2M | $323.9M | ||
| Q1 25 | $133.1M | $310.6M | ||
| Q4 24 | $143.7M | $302.0M | ||
| Q3 24 | $133.9M | $295.9M | ||
| Q2 24 | $122.2M | $284.3M | ||
| Q1 24 | $119.0M | $269.4M |
| Q4 25 | $12.3M | $-37.6M | ||
| Q3 25 | $8.8M | $-9.1M | ||
| Q2 25 | $7.8M | $-21.1M | ||
| Q1 25 | $10.2M | $-33.0M | ||
| Q4 24 | $9.8M | $-62.3M | ||
| Q3 24 | $7.5M | $-26.4M | ||
| Q2 24 | $6.0M | $-6.3M | ||
| Q1 24 | $7.6M | $-11.0M |
| Q4 25 | 25.7% | 80.1% | ||
| Q3 25 | 24.2% | 79.7% | ||
| Q2 25 | 28.0% | 79.1% | ||
| Q1 25 | 27.6% | 79.1% | ||
| Q4 24 | 30.3% | 81.2% | ||
| Q3 24 | 27.0% | 81.4% | ||
| Q2 24 | 27.4% | 83.1% | ||
| Q1 24 | 26.1% | 83.0% |
| Q4 25 | 9.4% | -12.3% | ||
| Q3 25 | 7.2% | -4.4% | ||
| Q2 25 | 7.5% | -9.3% | ||
| Q1 25 | 5.9% | -11.7% | ||
| Q4 24 | 9.1% | -21.9% | ||
| Q3 24 | 8.1% | -12.3% | ||
| Q2 24 | 6.7% | -5.2% | ||
| Q1 24 | 5.5% | -7.0% |
| Q4 25 | 6.6% | -10.8% | ||
| Q3 25 | 4.8% | -2.7% | ||
| Q2 25 | 5.5% | -6.5% | ||
| Q1 25 | 7.7% | -10.6% | ||
| Q4 24 | 6.9% | -20.6% | ||
| Q3 24 | 5.6% | -8.9% | ||
| Q2 24 | 4.9% | -2.2% | ||
| Q1 24 | 6.4% | -4.1% |
| Q4 25 | $1.01 | $-0.25 | ||
| Q3 25 | $0.73 | $-0.06 | ||
| Q2 25 | $0.64 | $-0.14 | ||
| Q1 25 | $0.85 | $-0.22 | ||
| Q4 24 | $0.81 | $-0.42 | ||
| Q3 24 | $0.62 | $-0.18 | ||
| Q2 24 | $0.50 | $-0.04 | ||
| Q1 24 | $0.64 | $-0.08 |
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 | $768.5M |
| Total DebtLower is stronger | $30.5M | — |
| Stockholders' EquityBook value | $195.7M | $1.3B |
| Total Assets | $381.1M | $2.2B |
| Debt / EquityLower = less leverage | 0.16× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.3M | $768.5M | ||
| Q3 25 | $9.8M | $684.0M | ||
| Q2 25 | $38.9M | $620.9M | ||
| Q1 25 | $38.1M | $566.7M | ||
| Q4 24 | $44.9M | $775.4M | ||
| Q3 24 | $51.2M | $756.9M | ||
| Q2 24 | $59.5M | $735.4M | ||
| Q1 24 | $48.2M | $744.6M |
| Q4 25 | $30.5M | — | ||
| Q3 25 | $56.3M | — | ||
| Q2 25 | $28.4M | — | ||
| Q1 25 | $23.7M | — | ||
| Q4 24 | $23.6M | — | ||
| Q3 24 | $20.5M | — | ||
| Q2 24 | $19.7M | — | ||
| Q1 24 | $19.4M | — |
| Q4 25 | $195.7M | $1.3B | ||
| Q3 25 | $181.6M | $1.2B | ||
| Q2 25 | $170.5M | $1.2B | ||
| Q1 25 | $161.1M | $1.2B | ||
| Q4 24 | $153.5M | $1.3B | ||
| Q3 24 | $142.2M | $1.3B | ||
| Q2 24 | $133.0M | $1.3B | ||
| Q1 24 | $125.5M | $1.2B |
| Q4 25 | $381.1M | $2.2B | ||
| Q3 25 | $409.1M | $2.1B | ||
| Q2 25 | $343.0M | $2.0B | ||
| Q1 25 | $336.4M | $1.9B | ||
| Q4 24 | $352.1M | $2.1B | ||
| Q3 24 | $324.4M | $2.0B | ||
| Q2 24 | $303.9M | $2.0B | ||
| Q1 24 | $289.2M | $1.9B |
| Q4 25 | 0.16× | — | ||
| Q3 25 | 0.31× | — | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | 0.15× | — | ||
| Q4 24 | 0.15× | — | ||
| Q3 24 | 0.14× | — | ||
| Q2 24 | 0.15× | — | ||
| Q1 24 | 0.15× | — |
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 | $114.9M |
| Free Cash FlowOCF − Capex | $27.9M | $109.2M |
| FCF MarginFCF / Revenue | 14.9% | 31.3% |
| Capex IntensityCapex / Revenue | 0.1% | 1.6% |
| Cash ConversionOCF / Net Profit | 2.29× | — |
| TTM Free Cash FlowTrailing 4 quarters | $41.9M | $282.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.1M | $114.9M | ||
| Q3 25 | $13.3M | $88.5M | ||
| Q2 25 | $2.0M | $30.8M | ||
| Q1 25 | $2.2M | $66.0M | ||
| Q4 24 | $19.3M | $29.1M | ||
| Q3 24 | $4.9M | $39.3M | ||
| Q2 24 | $16.5M | $58.7M | ||
| Q1 24 | $-3.9M | $69.1M |
| Q4 25 | $27.9M | $109.2M | ||
| Q3 25 | $12.8M | $83.1M | ||
| Q2 25 | $1.2M | $27.9M | ||
| Q1 25 | $11.0K | $62.0M | ||
| Q4 24 | $18.0M | $17.4M | ||
| Q3 24 | $4.6M | $35.7M | ||
| Q2 24 | $13.2M | $56.8M | ||
| Q1 24 | $-6.5M | $67.1M |
| Q4 25 | 14.9% | 31.3% | ||
| Q3 25 | 7.0% | 24.5% | ||
| Q2 25 | 0.8% | 8.6% | ||
| Q1 25 | 0.0% | 20.0% | ||
| Q4 24 | 12.5% | 5.8% | ||
| Q3 24 | 3.4% | 12.1% | ||
| Q2 24 | 10.8% | 20.0% | ||
| Q1 24 | -5.5% | 24.9% |
| Q4 25 | 0.1% | 1.6% | ||
| Q3 25 | 0.3% | 1.6% | ||
| Q2 25 | 0.6% | 0.9% | ||
| Q1 25 | 1.7% | 1.3% | ||
| Q4 24 | 0.9% | 3.9% | ||
| Q3 24 | 0.3% | 1.2% | ||
| Q2 24 | 2.7% | 0.7% | ||
| Q1 24 | 2.1% | 0.8% |
| Q4 25 | 2.29× | — | ||
| Q3 25 | 1.52× | — | ||
| Q2 25 | 0.26× | — | ||
| Q1 25 | 0.22× | — | ||
| Q4 24 | 1.96× | — | ||
| Q3 24 | 0.66× | — | ||
| Q2 24 | 2.77× | — | ||
| Q1 24 | -0.52× | — |
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% |
PCOR
| US | $298.3M | 85% |
| Non Us | $50.9M | 15% |
