vs
Side-by-side financial comparison of Limbach Holdings, Inc. (LMB) and Perella Weinberg Partners (PWP). Click either name above to swap in a different company.
Perella Weinberg Partners is the larger business by last-quarter revenue ($219.2M vs $186.9M, roughly 1.2× Limbach Holdings, Inc.). Limbach Holdings, Inc. runs the higher net margin — 6.6% vs 6.3%, a 0.3% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs -2.9%). Perella Weinberg Partners produced more free cash flow last quarter ($30.5M vs $27.9M). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% CAGR vs 25.3%).
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.
LMB vs PWP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $186.9M | $219.2M |
| Net Profit | $12.3M | $13.8M |
| Gross Margin | 25.7% | — |
| Operating Margin | 9.4% | 8.5% |
| Net Margin | 6.6% | 6.3% |
| Revenue YoY | 30.1% | -2.9% |
| Net Profit YoY | 25.0% | — |
| EPS (diluted) | $1.01 | $0.11 |
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 | $219.2M | ||
| Q3 25 | $184.6M | $164.6M | ||
| Q2 25 | $142.2M | $155.3M | ||
| Q1 25 | $133.1M | $211.8M | ||
| Q4 24 | $143.7M | $225.7M | ||
| Q3 24 | $133.9M | $278.2M | ||
| Q2 24 | $122.2M | $272.0M | ||
| Q1 24 | $119.0M | $102.1M |
| Q4 25 | $12.3M | $13.8M | ||
| Q3 25 | $8.8M | $6.0M | ||
| Q2 25 | $7.8M | $2.7M | ||
| Q1 25 | $10.2M | $17.3M | ||
| Q4 24 | $9.8M | — | ||
| Q3 24 | $7.5M | $16.4M | ||
| Q2 24 | $6.0M | $-66.0M | ||
| Q1 24 | $7.6M | $-35.8M |
| 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% | 8.5% | ||
| Q3 25 | 7.2% | 5.4% | ||
| Q2 25 | 7.5% | 5.8% | ||
| Q1 25 | 5.9% | 5.5% | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | 8.1% | 12.9% | ||
| Q2 24 | 6.7% | -30.2% | ||
| Q1 24 | 5.5% | -52.4% |
| Q4 25 | 6.6% | 6.3% | ||
| Q3 25 | 4.8% | 3.6% | ||
| Q2 25 | 5.5% | 1.8% | ||
| Q1 25 | 7.7% | 8.2% | ||
| Q4 24 | 6.9% | — | ||
| Q3 24 | 5.6% | 5.9% | ||
| Q2 24 | 4.9% | -24.3% | ||
| Q1 24 | 6.4% | -35.1% |
| Q4 25 | $1.01 | $0.11 | ||
| Q3 25 | $0.73 | $0.08 | ||
| Q2 25 | $0.64 | $0.04 | ||
| Q1 25 | $0.85 | $0.24 | ||
| Q4 24 | $0.81 | — | ||
| Q3 24 | $0.62 | $0.24 | ||
| Q2 24 | $0.50 | $-1.21 | ||
| Q1 24 | $0.64 | $-0.91 |
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 | $255.9M |
| Total DebtLower is stronger | $30.5M | — |
| Stockholders' EquityBook value | $195.7M | $-127.4M |
| Total Assets | $381.1M | $797.6M |
| Debt / EquityLower = less leverage | 0.16× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.3M | $255.9M | ||
| Q3 25 | $9.8M | $185.5M | ||
| Q2 25 | $38.9M | $145.0M | ||
| Q1 25 | $38.1M | $111.2M | ||
| Q4 24 | $44.9M | $407.4M | ||
| Q3 24 | $51.2M | $335.1M | ||
| Q2 24 | $59.5M | $185.3M | ||
| Q1 24 | $48.2M | $156.7M |
| 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 | $-127.4M | ||
| Q3 25 | $181.6M | $-302.4M | ||
| Q2 25 | $170.5M | $-318.4M | ||
| Q1 25 | $161.1M | $-323.1M | ||
| Q4 24 | $153.5M | $-421.4M | ||
| Q3 24 | $142.2M | $-360.8M | ||
| Q2 24 | $133.0M | $-283.0M | ||
| Q1 24 | $125.5M | $161.9M |
| Q4 25 | $381.1M | $797.6M | ||
| Q3 25 | $409.1M | $650.2M | ||
| Q2 25 | $343.0M | $606.7M | ||
| Q1 25 | $336.4M | $570.5M | ||
| Q4 24 | $352.1M | $876.8M | ||
| Q3 24 | $324.4M | $810.9M | ||
| Q2 24 | $303.9M | $645.5M | ||
| Q1 24 | $289.2M | $583.6M |
| 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 | $34.8M |
| Free Cash FlowOCF − Capex | $27.9M | $30.5M |
| FCF MarginFCF / Revenue | 14.9% | 13.9% |
| Capex IntensityCapex / Revenue | 0.1% | 2.0% |
| Cash ConversionOCF / Net Profit | 2.29× | 2.52× |
| TTM Free Cash FlowTrailing 4 quarters | $41.9M | $-34.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.1M | $34.8M | ||
| Q3 25 | $13.3M | $59.2M | ||
| Q2 25 | $2.0M | $56.1M | ||
| Q1 25 | $2.2M | $-176.5M | ||
| Q4 24 | $19.3M | $223.4M | ||
| Q3 24 | $4.9M | $200.3M | ||
| Q2 24 | $16.5M | $90.0M | ||
| Q1 24 | $-3.9M | $-206.3M |
| Q4 25 | $27.9M | $30.5M | ||
| Q3 25 | $12.8M | $57.6M | ||
| Q2 25 | $1.2M | $55.3M | ||
| Q1 25 | $11.0K | $-177.6M | ||
| Q4 24 | $18.0M | $207.0M | ||
| Q3 24 | $4.6M | $199.3M | ||
| Q2 24 | $13.2M | $83.7M | ||
| Q1 24 | $-6.5M | $-214.8M |
| Q4 25 | 14.9% | 13.9% | ||
| Q3 25 | 7.0% | 35.0% | ||
| Q2 25 | 0.8% | 35.6% | ||
| Q1 25 | 0.0% | -83.8% | ||
| Q4 24 | 12.5% | 91.7% | ||
| Q3 24 | 3.4% | 71.6% | ||
| Q2 24 | 10.8% | 30.8% | ||
| Q1 24 | -5.5% | -210.3% |
| Q4 25 | 0.1% | 2.0% | ||
| Q3 25 | 0.3% | 0.9% | ||
| Q2 25 | 0.6% | 0.5% | ||
| Q1 25 | 1.7% | 0.5% | ||
| Q4 24 | 0.9% | 7.3% | ||
| Q3 24 | 0.3% | 0.4% | ||
| Q2 24 | 2.7% | 2.3% | ||
| Q1 24 | 2.1% | 8.3% |
| Q4 25 | 2.29× | 2.52× | ||
| Q3 25 | 1.52× | 9.85× | ||
| Q2 25 | 0.26× | 20.50× | ||
| Q1 25 | 0.22× | -10.18× | ||
| Q4 24 | 1.96× | — | ||
| Q3 24 | 0.66× | 12.23× | ||
| 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% |
PWP
Segment breakdown not available.
