vs
Side-by-side financial comparison of Limbach Holdings, Inc. (LMB) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
Limbach Holdings, Inc. is the larger business by last-quarter revenue ($186.9M vs $100.0M, roughly 1.9× Latham Group, Inc.). Limbach Holdings, Inc. runs the higher net margin — 6.6% vs -7.0%, a 13.6% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs 14.5%). Limbach Holdings, Inc. produced more free cash flow last quarter ($27.9M vs $14.1M). Over the past eight quarters, Limbach Holdings, Inc.'s revenue compounded faster (25.3% CAGR vs -4.9%).
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
Latham & Watkins LLP is an American multinational law firm. Founded in 1934 in Los Angeles, California, it is known for its litigation, corporate, and regulatory law practices.
LMB vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $186.9M | $100.0M |
| Net Profit | $12.3M | $-7.0M |
| Gross Margin | 25.7% | 28.0% |
| Operating Margin | 9.4% | -10.7% |
| Net Margin | 6.6% | -7.0% |
| Revenue YoY | 30.1% | 14.5% |
| Net Profit YoY | 25.0% | 76.0% |
| EPS (diluted) | $1.01 | $-0.06 |
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 | $100.0M | ||
| Q3 25 | $184.6M | $161.9M | ||
| Q2 25 | $142.2M | $172.6M | ||
| Q1 25 | $133.1M | $111.4M | ||
| Q4 24 | $143.7M | $87.3M | ||
| Q3 24 | $133.9M | $150.5M | ||
| Q2 24 | $122.2M | $160.1M | ||
| Q1 24 | $119.0M | $110.6M |
| Q4 25 | $12.3M | $-7.0M | ||
| Q3 25 | $8.8M | $8.1M | ||
| Q2 25 | $7.8M | $16.0M | ||
| Q1 25 | $10.2M | $-6.0M | ||
| Q4 24 | $9.8M | $-29.2M | ||
| Q3 24 | $7.5M | $5.9M | ||
| Q2 24 | $6.0M | $13.3M | ||
| Q1 24 | $7.6M | $-7.9M |
| Q4 25 | 25.7% | 28.0% | ||
| Q3 25 | 24.2% | 35.4% | ||
| Q2 25 | 28.0% | 37.1% | ||
| Q1 25 | 27.6% | 29.5% | ||
| Q4 24 | 30.3% | 24.6% | ||
| Q3 24 | 27.0% | 32.4% | ||
| Q2 24 | 27.4% | 33.1% | ||
| Q1 24 | 26.1% | 27.7% |
| Q4 25 | 9.4% | -10.7% | ||
| Q3 25 | 7.2% | 13.3% | ||
| Q2 25 | 7.5% | 14.3% | ||
| Q1 25 | 5.9% | -4.4% | ||
| Q4 24 | 9.1% | -14.9% | ||
| Q3 24 | 8.1% | 8.9% | ||
| Q2 24 | 6.7% | 12.5% | ||
| Q1 24 | 5.5% | -1.9% |
| Q4 25 | 6.6% | -7.0% | ||
| Q3 25 | 4.8% | 5.0% | ||
| Q2 25 | 5.5% | 9.3% | ||
| Q1 25 | 7.7% | -5.4% | ||
| Q4 24 | 6.9% | -33.4% | ||
| Q3 24 | 5.6% | 3.9% | ||
| Q2 24 | 4.9% | 8.3% | ||
| Q1 24 | 6.4% | -7.1% |
| Q4 25 | $1.01 | $-0.06 | ||
| Q3 25 | $0.73 | $0.07 | ||
| Q2 25 | $0.64 | $0.13 | ||
| Q1 25 | $0.85 | $-0.05 | ||
| Q4 24 | $0.81 | $-0.24 | ||
| Q3 24 | $0.62 | $0.05 | ||
| Q2 24 | $0.50 | $0.11 | ||
| Q1 24 | $0.64 | $-0.07 |
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 | — |
| Total DebtLower is stronger | $30.5M | $279.8M |
| Stockholders' EquityBook value | $195.7M | $405.9M |
| Total Assets | $381.1M | $823.2M |
| Debt / EquityLower = less leverage | 0.16× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.3M | — | ||
| Q3 25 | $9.8M | — | ||
| Q2 25 | $38.9M | — | ||
| Q1 25 | $38.1M | — | ||
| Q4 24 | $44.9M | — | ||
| Q3 24 | $51.2M | — | ||
| Q2 24 | $59.5M | — | ||
| Q1 24 | $48.2M | — |
| Q4 25 | $30.5M | $279.8M | ||
| Q3 25 | $56.3M | $281.1M | ||
| Q2 25 | $28.4M | $281.5M | ||
| Q1 25 | $23.7M | $306.9M | ||
| Q4 24 | $23.6M | $281.5M | ||
| Q3 24 | $20.5M | $282.8M | ||
| Q2 24 | $19.7M | $282.4M | ||
| Q1 24 | $19.4M | $282.8M |
| Q4 25 | $195.7M | $405.9M | ||
| Q3 25 | $181.6M | $408.4M | ||
| Q2 25 | $170.5M | $398.4M | ||
| Q1 25 | $161.1M | $381.1M | ||
| Q4 24 | $153.5M | $387.2M | ||
| Q3 24 | $142.2M | $416.6M | ||
| Q2 24 | $133.0M | $408.1M | ||
| Q1 24 | $125.5M | $391.8M |
| Q4 25 | $381.1M | $823.2M | ||
| Q3 25 | $409.1M | $844.4M | ||
| Q2 25 | $343.0M | $822.1M | ||
| Q1 25 | $336.4M | $824.6M | ||
| Q4 24 | $352.1M | $794.2M | ||
| Q3 24 | $324.4M | $853.4M | ||
| Q2 24 | $303.9M | $830.0M | ||
| Q1 24 | $289.2M | $808.6M |
| Q4 25 | 0.16× | 0.69× | ||
| Q3 25 | 0.31× | 0.69× | ||
| Q2 25 | 0.17× | 0.71× | ||
| Q1 25 | 0.15× | 0.81× | ||
| Q4 24 | 0.15× | 0.73× | ||
| Q3 24 | 0.14× | 0.68× | ||
| Q2 24 | 0.15× | 0.69× | ||
| Q1 24 | 0.15× | 0.72× |
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 | $23.3M |
| Free Cash FlowOCF − Capex | $27.9M | $14.1M |
| FCF MarginFCF / Revenue | 14.9% | 14.1% |
| Capex IntensityCapex / Revenue | 0.1% | 9.2% |
| Cash ConversionOCF / Net Profit | 2.29× | — |
| TTM Free Cash FlowTrailing 4 quarters | $41.9M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.1M | $23.3M | ||
| Q3 25 | $13.3M | $51.0M | ||
| Q2 25 | $2.0M | $36.0M | ||
| Q1 25 | $2.2M | $-46.9M | ||
| Q4 24 | $19.3M | $6.2M | ||
| Q3 24 | $4.9M | $37.2M | ||
| Q2 24 | $16.5M | $52.4M | ||
| Q1 24 | $-3.9M | $-34.5M |
| Q4 25 | $27.9M | $14.1M | ||
| Q3 25 | $12.8M | $45.2M | ||
| Q2 25 | $1.2M | $29.1M | ||
| Q1 25 | $11.0K | $-50.3M | ||
| Q4 24 | $18.0M | $-98.0K | ||
| Q3 24 | $4.6M | $33.2M | ||
| Q2 24 | $13.2M | $47.9M | ||
| Q1 24 | $-6.5M | $-39.9M |
| Q4 25 | 14.9% | 14.1% | ||
| Q3 25 | 7.0% | 27.9% | ||
| Q2 25 | 0.8% | 16.8% | ||
| Q1 25 | 0.0% | -45.2% | ||
| Q4 24 | 12.5% | -0.1% | ||
| Q3 24 | 3.4% | 22.1% | ||
| Q2 24 | 10.8% | 29.9% | ||
| Q1 24 | -5.5% | -36.0% |
| Q4 25 | 0.1% | 9.2% | ||
| Q3 25 | 0.3% | 3.6% | ||
| Q2 25 | 0.6% | 4.0% | ||
| Q1 25 | 1.7% | 3.1% | ||
| Q4 24 | 0.9% | 7.2% | ||
| Q3 24 | 0.3% | 2.7% | ||
| Q2 24 | 2.7% | 2.8% | ||
| Q1 24 | 2.1% | 4.8% |
| Q4 25 | 2.29× | — | ||
| Q3 25 | 1.52× | 6.29× | ||
| Q2 25 | 0.26× | 2.25× | ||
| Q1 25 | 0.22× | — | ||
| Q4 24 | 1.96× | — | ||
| Q3 24 | 0.66× | 6.32× | ||
| Q2 24 | 2.77× | 3.95× | ||
| 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% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
