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Side-by-side financial comparison of Limbach Holdings, Inc. (LMB) and PHOTRONICS INC (PLAB). Click either name above to swap in a different company.
PHOTRONICS INC is the larger business by last-quarter revenue ($210.4M vs $186.9M, roughly 1.1× Limbach Holdings, Inc.). PHOTRONICS INC runs the higher net margin — 10.9% vs 6.6%, a 4.3% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs -5.5%). Limbach Holdings, Inc. produced more free cash flow last quarter ($27.9M vs $25.2M). Over the past eight quarters, Limbach Holdings, Inc.'s revenue compounded faster (25.3% CAGR vs -3.8%).
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
Photronics, Inc. is an American semiconductor photomask manufacturer. It was the third largest photomask supplier globally as of 2009. Photronics is a member of the eBeam Initiative.
LMB vs PLAB — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $186.9M | $210.4M |
| Net Profit | $12.3M | $22.9M |
| Gross Margin | 25.7% | 33.7% |
| Operating Margin | 9.4% | 22.9% |
| Net Margin | 6.6% | 10.9% |
| Revenue YoY | 30.1% | -5.5% |
| Net Profit YoY | 25.0% | -32.4% |
| EPS (diluted) | $1.01 | $0.39 |
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 | — | ||
| Q3 25 | $184.6M | $210.4M | ||
| Q2 25 | $142.2M | $211.0M | ||
| Q1 25 | $133.1M | $212.1M | ||
| Q4 24 | $143.7M | $222.6M | ||
| Q3 24 | $133.9M | $211.0M | ||
| Q2 24 | $122.2M | $217.0M | ||
| Q1 24 | $119.0M | $216.3M |
| Q4 25 | $12.3M | — | ||
| Q3 25 | $8.8M | $22.9M | ||
| Q2 25 | $7.8M | $8.9M | ||
| Q1 25 | $10.2M | $42.9M | ||
| Q4 24 | $9.8M | $33.9M | ||
| Q3 24 | $7.5M | $34.4M | ||
| Q2 24 | $6.0M | $36.3M | ||
| Q1 24 | $7.6M | $26.2M |
| Q4 25 | 25.7% | — | ||
| Q3 25 | 24.2% | 33.7% | ||
| Q2 25 | 28.0% | 36.9% | ||
| Q1 25 | 27.6% | 35.6% | ||
| Q4 24 | 30.3% | 37.0% | ||
| Q3 24 | 27.0% | 35.6% | ||
| Q2 24 | 27.4% | 36.5% | ||
| Q1 24 | 26.1% | 36.6% |
| Q4 25 | 9.4% | — | ||
| Q3 25 | 7.2% | 22.9% | ||
| Q2 25 | 7.5% | 26.4% | ||
| Q1 25 | 5.9% | 24.6% | ||
| Q4 24 | 9.1% | 25.1% | ||
| Q3 24 | 8.1% | 24.7% | ||
| Q2 24 | 6.7% | 25.8% | ||
| Q1 24 | 5.5% | 26.6% |
| Q4 25 | 6.6% | — | ||
| Q3 25 | 4.8% | 10.9% | ||
| Q2 25 | 5.5% | 4.2% | ||
| Q1 25 | 7.7% | 20.2% | ||
| Q4 24 | 6.9% | 15.2% | ||
| Q3 24 | 5.6% | 16.3% | ||
| Q2 24 | 4.9% | 16.7% | ||
| Q1 24 | 6.4% | 12.1% |
| Q4 25 | $1.01 | — | ||
| Q3 25 | $0.73 | $0.39 | ||
| Q2 25 | $0.64 | $0.15 | ||
| Q1 25 | $0.85 | $0.68 | ||
| Q4 24 | $0.81 | $0.54 | ||
| Q3 24 | $0.62 | $0.55 | ||
| Q2 24 | $0.50 | $0.58 | ||
| Q1 24 | $0.64 | $0.42 |
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 | $575.8M |
| Total DebtLower is stronger | $30.5M | $16.0K |
| Stockholders' EquityBook value | $195.7M | $1.1B |
| Total Assets | $381.1M | $1.8B |
| Debt / EquityLower = less leverage | 0.16× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.3M | — | ||
| Q3 25 | $9.8M | $575.8M | ||
| Q2 25 | $38.9M | $558.4M | ||
| Q1 25 | $38.1M | $642.2M | ||
| Q4 24 | $44.9M | $640.7M | ||
| Q3 24 | $51.2M | $606.4M | ||
| Q2 24 | $59.5M | $559.9M | ||
| Q1 24 | $48.2M | $521.5M |
| Q4 25 | $30.5M | — | ||
| Q3 25 | $56.3M | $16.0K | ||
| Q2 25 | $28.4M | $19.0K | ||
| Q1 25 | $23.7M | $21.0K | ||
| Q4 24 | $23.6M | $25.0K | ||
| Q3 24 | $20.5M | $28.0K | ||
| Q2 24 | $19.7M | $2.5M | ||
| Q1 24 | $19.4M | $2.7M |
| Q4 25 | $195.7M | — | ||
| Q3 25 | $181.6M | $1.1B | ||
| Q2 25 | $170.5M | $1.1B | ||
| Q1 25 | $161.1M | $1.1B | ||
| Q4 24 | $153.5M | $1.1B | ||
| Q3 24 | $142.2M | $1.1B | ||
| Q2 24 | $133.0M | $1.0B | ||
| Q1 24 | $125.5M | $1.0B |
| Q4 25 | $381.1M | — | ||
| Q3 25 | $409.1M | $1.8B | ||
| Q2 25 | $343.0M | $1.7B | ||
| Q1 25 | $336.4M | $1.7B | ||
| Q4 24 | $352.1M | $1.7B | ||
| Q3 24 | $324.4M | $1.6B | ||
| Q2 24 | $303.9M | $1.6B | ||
| Q1 24 | $289.2M | $1.6B |
| Q4 25 | 0.16× | — | ||
| Q3 25 | 0.31× | 0.00× | ||
| Q2 25 | 0.17× | 0.00× | ||
| Q1 25 | 0.15× | 0.00× | ||
| Q4 24 | 0.15× | 0.00× | ||
| Q3 24 | 0.14× | 0.00× | ||
| Q2 24 | 0.15× | 0.00× | ||
| Q1 24 | 0.15× | 0.00× |
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 | $50.1M |
| Free Cash FlowOCF − Capex | $27.9M | $25.2M |
| FCF MarginFCF / Revenue | 14.9% | 12.0% |
| Capex IntensityCapex / Revenue | 0.1% | 11.8% |
| Cash ConversionOCF / Net Profit | 2.29× | 2.19× |
| TTM Free Cash FlowTrailing 4 quarters | $41.9M | $64.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.1M | — | ||
| Q3 25 | $13.3M | $50.1M | ||
| Q2 25 | $2.0M | $31.5M | ||
| Q1 25 | $2.2M | $78.5M | ||
| Q4 24 | $19.3M | $68.4M | ||
| Q3 24 | $4.9M | $75.1M | ||
| Q2 24 | $16.5M | $76.5M | ||
| Q1 24 | $-3.9M | $41.5M |
| Q4 25 | $27.9M | — | ||
| Q3 25 | $12.8M | $25.2M | ||
| Q2 25 | $1.2M | $-29.1M | ||
| Q1 25 | $11.0K | $43.3M | ||
| Q4 24 | $18.0M | $25.2M | ||
| Q3 24 | $4.6M | $50.7M | ||
| Q2 24 | $13.2M | $56.5M | ||
| Q1 24 | $-6.5M | $-1.8M |
| Q4 25 | 14.9% | — | ||
| Q3 25 | 7.0% | 12.0% | ||
| Q2 25 | 0.8% | -13.8% | ||
| Q1 25 | 0.0% | 20.4% | ||
| Q4 24 | 12.5% | 11.3% | ||
| Q3 24 | 3.4% | 24.0% | ||
| Q2 24 | 10.8% | 26.0% | ||
| Q1 24 | -5.5% | -0.8% |
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.3% | 11.8% | ||
| Q2 25 | 0.6% | 28.7% | ||
| Q1 25 | 1.7% | 16.6% | ||
| Q4 24 | 0.9% | 19.4% | ||
| Q3 24 | 0.3% | 11.6% | ||
| Q2 24 | 2.7% | 9.2% | ||
| Q1 24 | 2.1% | 20.0% |
| Q4 25 | 2.29× | — | ||
| Q3 25 | 1.52× | 2.19× | ||
| Q2 25 | 0.26× | 3.55× | ||
| Q1 25 | 0.22× | 1.83× | ||
| Q4 24 | 1.96× | 2.02× | ||
| Q3 24 | 0.66× | 2.18× | ||
| Q2 24 | 2.77× | 2.11× | ||
| Q1 24 | -0.52× | 1.59× |
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% |
PLAB
| High End Integrated Circuits | $53.6M | 25% |
| High End Flat Panel Displays | $53.5M | 25% |
| KR | $43.7M | 21% |
| Other | $42.1M | 20% |
| Mainstream Flat Panel Displays | $9.1M | 4% |
| Transferred At Point In Time | $8.4M | 4% |
