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Side-by-side financial comparison of Limbach Holdings, Inc. (LMB) and Riot Platforms, Inc. (RIOT). Click either name above to swap in a different company.
Limbach Holdings, Inc. is the larger business by last-quarter revenue ($186.9M vs $152.8M, roughly 1.2× Riot Platforms, Inc.). Limbach Holdings, Inc. runs the higher net margin — 6.6% vs -452.0%, a 458.6% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs 7.2%). Limbach Holdings, Inc. produced more free cash flow last quarter ($27.9M vs $-774.3M). Over the past eight quarters, Riot Platforms, Inc.'s revenue compounded faster (38.8% CAGR vs 25.3%).
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
Riot Platforms, Inc. is a leading U.S.-based enterprise focused on Bitcoin mining, operating multiple large-scale, energy-efficient data centers across North America. It also invests in blockchain infrastructure development and holds Bitcoin as a core long-term reserve asset, centering its business strategy around the digital asset ecosystem.
LMB vs RIOT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $186.9M | $152.8M |
| Net Profit | $12.3M | $-690.7M |
| Gross Margin | 25.7% | — |
| Operating Margin | 9.4% | -447.9% |
| Net Margin | 6.6% | -452.0% |
| Revenue YoY | 30.1% | 7.2% |
| Net Profit YoY | 25.0% | -606.3% |
| EPS (diluted) | $1.01 | $-1.89 |
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 | $152.8M | ||
| Q3 25 | $184.6M | $180.2M | ||
| Q2 25 | $142.2M | $153.0M | ||
| Q1 25 | $133.1M | $161.4M | ||
| Q4 24 | $143.7M | $142.6M | ||
| Q3 24 | $133.9M | $84.8M | ||
| Q2 24 | $122.2M | $70.0M | ||
| Q1 24 | $119.0M | $79.3M |
| Q4 25 | $12.3M | $-690.7M | ||
| Q3 25 | $8.8M | $104.5M | ||
| Q2 25 | $7.8M | $219.5M | ||
| Q1 25 | $10.2M | $-296.4M | ||
| Q4 24 | $9.8M | $136.4M | ||
| Q3 24 | $7.5M | $-154.4M | ||
| Q2 24 | $6.0M | $-84.4M | ||
| Q1 24 | $7.6M | $211.8M |
| 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% | -447.9% | ||
| Q3 25 | 7.2% | 44.4% | ||
| Q2 25 | 7.5% | — | ||
| Q1 25 | 5.9% | -144.9% | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | 8.1% | -143.3% | ||
| Q2 24 | 6.7% | -167.2% | ||
| Q1 24 | 5.5% | — |
| Q4 25 | 6.6% | -452.0% | ||
| Q3 25 | 4.8% | 58.0% | ||
| Q2 25 | 5.5% | 143.4% | ||
| Q1 25 | 7.7% | -183.6% | ||
| Q4 24 | 6.9% | 95.7% | ||
| Q3 24 | 5.6% | -182.1% | ||
| Q2 24 | 4.9% | -120.6% | ||
| Q1 24 | 6.4% | 267.1% |
| Q4 25 | $1.01 | $-1.89 | ||
| Q3 25 | $0.73 | $0.26 | ||
| Q2 25 | $0.64 | $0.58 | ||
| Q1 25 | $0.85 | $-0.90 | ||
| Q4 24 | $0.81 | $0.39 | ||
| Q3 24 | $0.62 | $-0.54 | ||
| Q2 24 | $0.50 | $-0.32 | ||
| Q1 24 | $0.64 | $0.51 |
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 | $233.5M |
| Total DebtLower is stronger | $30.5M | $840.8M |
| Stockholders' EquityBook value | $195.7M | $2.9B |
| Total Assets | $381.1M | $3.9B |
| Debt / EquityLower = less leverage | 0.16× | 0.29× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.3M | $233.5M | ||
| Q3 25 | $9.8M | $330.7M | ||
| Q2 25 | $38.9M | $255.4M | ||
| Q1 25 | $38.1M | $163.7M | ||
| Q4 24 | $44.9M | $277.9M | ||
| Q3 24 | $51.2M | $355.7M | ||
| Q2 24 | $59.5M | $481.2M | ||
| Q1 24 | $48.2M | $688.5M |
| Q4 25 | $30.5M | $840.8M | ||
| Q3 25 | $56.3M | $5.3M | ||
| Q2 25 | $28.4M | $5.3M | ||
| Q1 25 | $23.7M | $5.3M | ||
| Q4 24 | $23.6M | $584.6M | ||
| Q3 24 | $20.5M | $5.7M | ||
| Q2 24 | $19.7M | — | ||
| Q1 24 | $19.4M | — |
| Q4 25 | $195.7M | $2.9B | ||
| Q3 25 | $181.6M | $3.5B | ||
| Q2 25 | $170.5M | $3.3B | ||
| Q1 25 | $161.1M | $2.9B | ||
| Q4 24 | $153.5M | $3.1B | ||
| Q3 24 | $142.2M | $2.7B | ||
| Q2 24 | $133.0M | $2.6B | ||
| Q1 24 | $125.5M | $2.5B |
| Q4 25 | $381.1M | $3.9B | ||
| Q3 25 | $409.1M | $4.5B | ||
| Q2 25 | $343.0M | $4.3B | ||
| Q1 25 | $336.4M | $3.7B | ||
| Q4 24 | $352.1M | $3.9B | ||
| Q3 24 | $324.4M | $2.9B | ||
| Q2 24 | $303.9M | $2.7B | ||
| Q1 24 | $289.2M | $2.6B |
| Q4 25 | 0.16× | 0.29× | ||
| Q3 25 | 0.31× | 0.00× | ||
| Q2 25 | 0.17× | 0.00× | ||
| Q1 25 | 0.15× | 0.00× | ||
| Q4 24 | 0.15× | 0.19× | ||
| Q3 24 | 0.14× | 0.00× | ||
| 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 | $-572.9M |
| Free Cash FlowOCF − Capex | $27.9M | $-774.3M |
| FCF MarginFCF / Revenue | 14.9% | -506.6% |
| Capex IntensityCapex / Revenue | 0.1% | 131.8% |
| Cash ConversionOCF / Net Profit | 2.29× | — |
| TTM Free Cash FlowTrailing 4 quarters | $41.9M | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.1M | $-572.9M | ||
| Q3 25 | $13.3M | $-114.0M | ||
| Q2 25 | $2.0M | $-231.3M | ||
| Q1 25 | $2.2M | $-122.1M | ||
| Q4 24 | $19.3M | $-255.1M | ||
| Q3 24 | $4.9M | $-56.3M | ||
| Q2 24 | $16.5M | $-42.5M | ||
| Q1 24 | $-3.9M | $-57.9M |
| Q4 25 | $27.9M | $-774.3M | ||
| Q3 25 | $12.8M | $-139.7M | ||
| Q2 25 | $1.2M | $-291.7M | ||
| Q1 25 | $11.0K | $-154.9M | ||
| Q4 24 | $18.0M | $-495.4M | ||
| Q3 24 | $4.6M | $-127.6M | ||
| Q2 24 | $13.2M | $-96.1M | ||
| Q1 24 | $-6.5M | $-115.2M |
| Q4 25 | 14.9% | -506.6% | ||
| Q3 25 | 7.0% | -77.5% | ||
| Q2 25 | 0.8% | -190.7% | ||
| Q1 25 | 0.0% | -96.0% | ||
| Q4 24 | 12.5% | -347.5% | ||
| Q3 24 | 3.4% | -150.5% | ||
| Q2 24 | 10.8% | -137.2% | ||
| Q1 24 | -5.5% | -145.2% |
| Q4 25 | 0.1% | 131.8% | ||
| Q3 25 | 0.3% | 14.3% | ||
| Q2 25 | 0.6% | 39.5% | ||
| Q1 25 | 1.7% | 20.4% | ||
| Q4 24 | 0.9% | 168.6% | ||
| Q3 24 | 0.3% | 84.1% | ||
| Q2 24 | 2.7% | 76.5% | ||
| Q1 24 | 2.1% | 72.3% |
| Q4 25 | 2.29× | — | ||
| Q3 25 | 1.52× | -1.09× | ||
| Q2 25 | 0.26× | -1.05× | ||
| Q1 25 | 0.22× | — | ||
| Q4 24 | 1.96× | -1.87× | ||
| Q3 24 | 0.66× | — | ||
| Q2 24 | 2.77× | — | ||
| Q1 24 | -0.52× | -0.27× |
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% |
RIOT
| Bitcoin Mining Segment | $131.7M | 86% |
| Engineering Segment | $21.1M | 14% |
