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Side-by-side financial comparison of Limbach Holdings, Inc. (LMB) and PennyMac Mortgage Investment Trust (PMT). Click either name above to swap in a different company.
Limbach Holdings, Inc. is the larger business by last-quarter revenue ($186.9M vs $93.6M, roughly 2.0× PennyMac Mortgage Investment Trust). PennyMac Mortgage Investment Trust runs the higher net margin — 56.0% vs 6.6%, a 49.4% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs -13.3%). Over the past eight quarters, Limbach Holdings, Inc.'s revenue compounded faster (25.3% CAGR vs 12.3%).
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
PennyMac Mortgage Investment Trust is a U.S.-headquartered real estate investment trust specializing in residential mortgage assets. It invests in performing and non-performing mortgage loans, mortgage-backed securities, and credit risk transfer instruments, operating across investment management and mortgage servicing segments in the U.S. housing market.
LMB vs PMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $186.9M | $93.6M |
| Net Profit | $12.3M | $52.4M |
| Gross Margin | 25.7% | — |
| Operating Margin | 9.4% | 38.6% |
| Net Margin | 6.6% | 56.0% |
| Revenue YoY | 30.1% | -13.3% |
| Net Profit YoY | 25.0% | 12.5% |
| EPS (diluted) | $1.01 | $0.49 |
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 | $93.6M | ||
| Q3 25 | $184.6M | $99.2M | ||
| Q2 25 | $142.2M | $70.2M | ||
| Q1 25 | $133.1M | $44.5M | ||
| Q4 24 | $143.7M | $107.9M | ||
| Q3 24 | $133.9M | $80.9M | ||
| Q2 24 | $122.2M | $71.2M | ||
| Q1 24 | $119.0M | $74.2M |
| Q4 25 | $12.3M | $52.4M | ||
| Q3 25 | $8.8M | $58.3M | ||
| Q2 25 | $7.8M | $7.5M | ||
| Q1 25 | $10.2M | $9.7M | ||
| Q4 24 | $9.8M | $46.5M | ||
| Q3 24 | $7.5M | $41.4M | ||
| Q2 24 | $6.0M | $25.4M | ||
| Q1 24 | $7.6M | $47.6M |
| 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% | 38.6% | ||
| Q3 25 | 7.2% | 47.4% | ||
| Q2 25 | 7.5% | 24.2% | ||
| Q1 25 | 5.9% | -14.2% | ||
| Q4 24 | 9.1% | 51.1% | ||
| Q3 24 | 8.1% | 32.8% | ||
| Q2 24 | 6.7% | 40.2% | ||
| Q1 24 | 5.5% | 43.6% |
| Q4 25 | 6.6% | 56.0% | ||
| Q3 25 | 4.8% | 58.7% | ||
| Q2 25 | 5.5% | 10.7% | ||
| Q1 25 | 7.7% | 21.8% | ||
| Q4 24 | 6.9% | 43.1% | ||
| Q3 24 | 5.6% | 51.2% | ||
| Q2 24 | 4.9% | 35.7% | ||
| Q1 24 | 6.4% | 64.2% |
| Q4 25 | $1.01 | $0.49 | ||
| Q3 25 | $0.73 | $0.55 | ||
| Q2 25 | $0.64 | $-0.04 | ||
| Q1 25 | $0.85 | $-0.01 | ||
| Q4 24 | $0.81 | $0.45 | ||
| Q3 24 | $0.62 | $0.36 | ||
| Q2 24 | $0.50 | $0.17 | ||
| Q1 24 | $0.64 | $0.39 |
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 | $190.5M |
| Total DebtLower is stronger | $30.5M | $1.1B |
| Stockholders' EquityBook value | $195.7M | $1.9B |
| Total Assets | $381.1M | $21.3B |
| Debt / EquityLower = less leverage | 0.16× | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.3M | $190.5M | ||
| Q3 25 | $9.8M | $181.0M | ||
| Q2 25 | $38.9M | $108.6M | ||
| Q1 25 | $38.1M | $204.2M | ||
| Q4 24 | $44.9M | $103.2M | ||
| Q3 24 | $51.2M | $102.8M | ||
| Q2 24 | $59.5M | $336.3M | ||
| Q1 24 | $48.2M | $343.3M |
| Q4 25 | $30.5M | $1.1B | ||
| Q3 25 | $56.3M | $299.0M | ||
| Q2 25 | $28.4M | $1.2B | ||
| Q1 25 | $23.7M | $968.4M | ||
| Q4 24 | $23.6M | $1.0B | ||
| Q3 24 | $20.5M | $5.2B | ||
| Q2 24 | $19.7M | $5.4B | ||
| Q1 24 | $19.4M | $5.1B |
| Q4 25 | $195.7M | $1.9B | ||
| Q3 25 | $181.6M | $1.9B | ||
| Q2 25 | $170.5M | $1.9B | ||
| Q1 25 | $161.1M | $1.9B | ||
| Q4 24 | $153.5M | $1.9B | ||
| Q3 24 | $142.2M | $1.9B | ||
| Q2 24 | $133.0M | $1.9B | ||
| Q1 24 | $125.5M | $2.0B |
| Q4 25 | $381.1M | $21.3B | ||
| Q3 25 | $409.1M | $18.5B | ||
| Q2 25 | $343.0M | $16.8B | ||
| Q1 25 | $336.4M | $14.9B | ||
| Q4 24 | $352.1M | $14.4B | ||
| Q3 24 | $324.4M | $13.1B | ||
| Q2 24 | $303.9M | $12.1B | ||
| Q1 24 | $289.2M | $12.3B |
| Q4 25 | 0.16× | 0.58× | ||
| Q3 25 | 0.31× | 0.16× | ||
| Q2 25 | 0.17× | 0.65× | ||
| Q1 25 | 0.15× | 0.51× | ||
| Q4 24 | 0.15× | 0.52× | ||
| Q3 24 | 0.14× | 2.70× | ||
| Q2 24 | 0.15× | 2.76× | ||
| Q1 24 | 0.15× | 2.60× |
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 | $-7.2B |
| Free Cash FlowOCF − Capex | $27.9M | — |
| FCF MarginFCF / Revenue | 14.9% | — |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | 2.29× | -137.76× |
| TTM Free Cash FlowTrailing 4 quarters | $41.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.1M | $-7.2B | ||
| Q3 25 | $13.3M | $-1.3B | ||
| Q2 25 | $2.0M | $-2.0B | ||
| Q1 25 | $2.2M | $-594.3M | ||
| Q4 24 | $19.3M | $-2.7B | ||
| Q3 24 | $4.9M | $-983.8M | ||
| Q2 24 | $16.5M | $243.8M | ||
| Q1 24 | $-3.9M | $-342.4M |
| Q4 25 | $27.9M | — | ||
| Q3 25 | $12.8M | — | ||
| Q2 25 | $1.2M | — | ||
| Q1 25 | $11.0K | — | ||
| Q4 24 | $18.0M | — | ||
| Q3 24 | $4.6M | — | ||
| Q2 24 | $13.2M | — | ||
| Q1 24 | $-6.5M | — |
| Q4 25 | 14.9% | — | ||
| Q3 25 | 7.0% | — | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 12.5% | — | ||
| Q3 24 | 3.4% | — | ||
| Q2 24 | 10.8% | — | ||
| Q1 24 | -5.5% | — |
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | 2.7% | — | ||
| Q1 24 | 2.1% | — |
| Q4 25 | 2.29× | -137.76× | ||
| Q3 25 | 1.52× | -22.26× | ||
| Q2 25 | 0.26× | -267.53× | ||
| Q1 25 | 0.22× | -61.39× | ||
| Q4 24 | 1.96× | -58.08× | ||
| Q3 24 | 0.66× | -23.76× | ||
| Q2 24 | 2.77× | 9.59× | ||
| Q1 24 | -0.52× | -7.19× |
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% |
PMT
| Other | $55.0M | 59% |
| Interest Rate Sensitive Strategies | $31.4M | 34% |
| Correspondent Production | $7.2M | 8% |
