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Side-by-side financial comparison of Limbach Holdings, Inc. (LMB) and Safehold Inc. (SAFE). Click either name above to swap in a different company.
Limbach Holdings, Inc. is the larger business by last-quarter revenue ($186.9M vs $97.9M, roughly 1.9× Safehold Inc.). Safehold Inc. runs the higher net margin — 28.5% vs 6.6%, a 21.9% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs 6.5%). Over the past eight quarters, Limbach Holdings, Inc.'s revenue compounded faster (25.3% CAGR vs 2.5%).
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
SAFE Investment Company Limited is a Chinese sovereign wealth fund based in Hong Kong.
LMB vs SAFE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $186.9M | $97.9M |
| Net Profit | $12.3M | $27.9M |
| Gross Margin | 25.7% | 98.6% |
| Operating Margin | 9.4% | 27.4% |
| Net Margin | 6.6% | 28.5% |
| Revenue YoY | 30.1% | 6.5% |
| Net Profit YoY | 25.0% | 7.1% |
| EPS (diluted) | $1.01 | $0.38 |
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 | $97.9M | ||
| Q3 25 | $184.6M | $96.2M | ||
| Q2 25 | $142.2M | $93.8M | ||
| Q1 25 | $133.1M | $97.7M | ||
| Q4 24 | $143.7M | $91.9M | ||
| Q3 24 | $133.9M | $90.7M | ||
| Q2 24 | $122.2M | $89.9M | ||
| Q1 24 | $119.0M | $93.2M |
| Q4 25 | $12.3M | $27.9M | ||
| Q3 25 | $8.8M | $29.3M | ||
| Q2 25 | $7.8M | $27.9M | ||
| Q1 25 | $10.2M | $29.4M | ||
| Q4 24 | $9.8M | $26.0M | ||
| Q3 24 | $7.5M | $19.3M | ||
| Q2 24 | $6.0M | $29.7M | ||
| Q1 24 | $7.6M | $30.7M |
| Q4 25 | 25.7% | 98.6% | ||
| Q3 25 | 24.2% | 98.5% | ||
| Q2 25 | 28.0% | 99.1% | ||
| Q1 25 | 27.6% | 98.8% | ||
| Q4 24 | 30.3% | 98.8% | ||
| Q3 24 | 27.0% | 98.8% | ||
| Q2 24 | 27.4% | 98.8% | ||
| Q1 24 | 26.1% | 98.8% |
| Q4 25 | 9.4% | 27.4% | ||
| Q3 25 | 7.2% | 25.9% | ||
| Q2 25 | 7.5% | 25.5% | ||
| Q1 25 | 5.9% | 25.9% | ||
| Q4 24 | 9.1% | 24.6% | ||
| Q3 24 | 8.1% | 17.5% | ||
| Q2 24 | 6.7% | 26.7% | ||
| Q1 24 | 5.5% | 26.4% |
| Q4 25 | 6.6% | 28.5% | ||
| Q3 25 | 4.8% | 30.5% | ||
| Q2 25 | 5.5% | 29.8% | ||
| Q1 25 | 7.7% | 30.1% | ||
| Q4 24 | 6.9% | 28.3% | ||
| Q3 24 | 5.6% | 21.3% | ||
| Q2 24 | 4.9% | 33.0% | ||
| Q1 24 | 6.4% | 33.0% |
| Q4 25 | $1.01 | $0.38 | ||
| Q3 25 | $0.73 | $0.41 | ||
| Q2 25 | $0.64 | $0.39 | ||
| Q1 25 | $0.85 | $0.41 | ||
| Q4 24 | $0.81 | $0.36 | ||
| Q3 24 | $0.62 | $0.27 | ||
| Q2 24 | $0.50 | $0.42 | ||
| Q1 24 | $0.64 | $0.43 |
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 | $21.7M |
| Total DebtLower is stronger | $30.5M | $4.6B |
| Stockholders' EquityBook value | $195.7M | $2.4B |
| Total Assets | $381.1M | $7.2B |
| Debt / EquityLower = less leverage | 0.16× | 1.90× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.3M | $21.7M | ||
| Q3 25 | $9.8M | $12.1M | ||
| Q2 25 | $38.9M | $13.9M | ||
| Q1 25 | $38.1M | $17.3M | ||
| Q4 24 | $44.9M | $8.3M | ||
| Q3 24 | $51.2M | $15.6M | ||
| Q2 24 | $59.5M | $13.4M | ||
| Q1 24 | $48.2M | $11.3M |
| Q4 25 | $30.5M | $4.6B | ||
| Q3 25 | $56.3M | $4.5B | ||
| Q2 25 | $28.4M | $4.4B | ||
| Q1 25 | $23.7M | $4.3B | ||
| Q4 24 | $23.6M | $4.3B | ||
| Q3 24 | $20.5M | $4.3B | ||
| Q2 24 | $19.7M | $4.2B | ||
| Q1 24 | $19.4M | $4.1B |
| Q4 25 | $195.7M | $2.4B | ||
| Q3 25 | $181.6M | $2.4B | ||
| Q2 25 | $170.5M | $2.4B | ||
| Q1 25 | $161.1M | $2.4B | ||
| Q4 24 | $153.5M | $2.3B | ||
| Q3 24 | $142.2M | $2.3B | ||
| Q2 24 | $133.0M | $2.3B | ||
| Q1 24 | $125.5M | $2.3B |
| Q4 25 | $381.1M | $7.2B | ||
| Q3 25 | $409.1M | $7.1B | ||
| Q2 25 | $343.0M | $7.1B | ||
| Q1 25 | $336.4M | $6.9B | ||
| Q4 24 | $352.1M | $6.9B | ||
| Q3 24 | $324.4M | $6.8B | ||
| Q2 24 | $303.9M | $6.8B | ||
| Q1 24 | $289.2M | $6.7B |
| Q4 25 | 0.16× | 1.90× | ||
| Q3 25 | 0.31× | 1.89× | ||
| Q2 25 | 0.17× | 1.87× | ||
| Q1 25 | 0.15× | 1.85× | ||
| Q4 24 | 0.15× | 1.84× | ||
| Q3 24 | 0.14× | 1.88× | ||
| Q2 24 | 0.15× | 1.81× | ||
| Q1 24 | 0.15× | 1.81× |
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 | $47.8M |
| Free Cash FlowOCF − Capex | $27.9M | — |
| FCF MarginFCF / Revenue | 14.9% | — |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | 2.29× | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $41.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.1M | $47.8M | ||
| Q3 25 | $13.3M | $-1.4M | ||
| Q2 25 | $2.0M | $28.0M | ||
| Q1 25 | $2.2M | $8.9M | ||
| Q4 24 | $19.3M | $37.9M | ||
| Q3 24 | $4.9M | $8.3M | ||
| Q2 24 | $16.5M | $24.8M | ||
| Q1 24 | $-3.9M | $-3.1M |
| 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× | 1.72× | ||
| Q3 25 | 1.52× | -0.05× | ||
| Q2 25 | 0.26× | 1.00× | ||
| Q1 25 | 0.22× | 0.30× | ||
| Q4 24 | 1.96× | 1.45× | ||
| Q3 24 | 0.66× | 0.43× | ||
| Q2 24 | 2.77× | 0.83× | ||
| Q1 24 | -0.52× | -0.10× |
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% |
SAFE
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $60.3M | 62% |
| Other | $33.7M | 34% |
| Stabilized Properties | $3.8M | 4% |
