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Side-by-side financial comparison of Limbach Holdings, Inc. (LMB) and TACTILE SYSTEMS TECHNOLOGY INC (TCMD). Click either name above to swap in a different company.
Limbach Holdings, Inc. is the larger business by last-quarter revenue ($186.9M vs $103.6M, roughly 1.8× TACTILE SYSTEMS TECHNOLOGY INC). TACTILE SYSTEMS TECHNOLOGY INC runs the higher net margin — 10.3% vs 6.6%, a 3.7% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs 21.0%). Limbach Holdings, Inc. produced more free cash flow last quarter ($27.9M vs $16.8M). Over the past eight quarters, TACTILE SYSTEMS TECHNOLOGY INC's revenue compounded faster (30.2% CAGR vs 25.3%).
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
Dominion Voting Systems Corporation was a North American company that produced and sold electronic voting hardware and software, including voting machines and tabulators, in Canada and the United States.
LMB vs TCMD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $186.9M | $103.6M |
| Net Profit | $12.3M | $10.6M |
| Gross Margin | 25.7% | 78.2% |
| Operating Margin | 9.4% | 18.1% |
| Net Margin | 6.6% | 10.3% |
| Revenue YoY | 30.1% | 21.0% |
| Net Profit YoY | 25.0% | 9.4% |
| EPS (diluted) | $1.01 | $0.45 |
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 | $103.6M | ||
| Q3 25 | $184.6M | $85.8M | ||
| Q2 25 | $142.2M | $78.9M | ||
| Q1 25 | $133.1M | $61.3M | ||
| Q4 24 | $143.7M | $85.6M | ||
| Q3 24 | $133.9M | $73.1M | ||
| Q2 24 | $122.2M | $73.2M | ||
| Q1 24 | $119.0M | $61.1M |
| Q4 25 | $12.3M | $10.6M | ||
| Q3 25 | $8.8M | $8.2M | ||
| Q2 25 | $7.8M | $3.2M | ||
| Q1 25 | $10.2M | $-3.0M | ||
| Q4 24 | $9.8M | $9.7M | ||
| Q3 24 | $7.5M | $5.2M | ||
| Q2 24 | $6.0M | $4.3M | ||
| Q1 24 | $7.6M | $-2.2M |
| Q4 25 | 25.7% | 78.2% | ||
| Q3 25 | 24.2% | 75.8% | ||
| Q2 25 | 28.0% | 74.5% | ||
| Q1 25 | 27.6% | 74.0% | ||
| Q4 24 | 30.3% | 75.2% | ||
| Q3 24 | 27.0% | 75.0% | ||
| Q2 24 | 27.4% | 73.9% | ||
| Q1 24 | 26.1% | 71.1% |
| Q4 25 | 9.4% | 18.1% | ||
| Q3 25 | 7.2% | 12.8% | ||
| Q2 25 | 7.5% | 5.2% | ||
| Q1 25 | 5.9% | -7.4% | ||
| Q4 24 | 9.1% | 14.6% | ||
| Q3 24 | 8.1% | 9.3% | ||
| Q2 24 | 6.7% | 8.0% | ||
| Q1 24 | 5.5% | -4.9% |
| Q4 25 | 6.6% | 10.3% | ||
| Q3 25 | 4.8% | 9.6% | ||
| Q2 25 | 5.5% | 4.1% | ||
| Q1 25 | 7.7% | -4.9% | ||
| Q4 24 | 6.9% | 11.4% | ||
| Q3 24 | 5.6% | 7.1% | ||
| Q2 24 | 4.9% | 5.9% | ||
| Q1 24 | 6.4% | -3.6% |
| Q4 25 | $1.01 | $0.45 | ||
| Q3 25 | $0.73 | $0.36 | ||
| Q2 25 | $0.64 | $0.14 | ||
| Q1 25 | $0.85 | $-0.13 | ||
| Q4 24 | $0.81 | $0.40 | ||
| Q3 24 | $0.62 | $0.21 | ||
| Q2 24 | $0.50 | $0.18 | ||
| Q1 24 | $0.64 | $-0.09 |
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 | $83.4M |
| Total DebtLower is stronger | $30.5M | $0 |
| Stockholders' EquityBook value | $195.7M | $218.9M |
| Total Assets | $381.1M | $273.9M |
| Debt / EquityLower = less leverage | 0.16× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.3M | $83.4M | ||
| Q3 25 | $9.8M | $66.0M | ||
| Q2 25 | $38.9M | $81.5M | ||
| Q1 25 | $38.1M | $83.6M | ||
| Q4 24 | $44.9M | $94.4M | ||
| Q3 24 | $51.2M | $82.1M | ||
| Q2 24 | $59.5M | $73.6M | ||
| Q1 24 | $48.2M | $60.7M |
| Q4 25 | $30.5M | $0 | ||
| Q3 25 | $56.3M | $0 | ||
| Q2 25 | $28.4M | — | ||
| Q1 25 | $23.7M | — | ||
| Q4 24 | $23.6M | — | ||
| Q3 24 | $20.5M | $27.0M | ||
| Q2 24 | $19.7M | $27.8M | ||
| Q1 24 | $19.4M | $28.5M |
| Q4 25 | $195.7M | $218.9M | ||
| Q3 25 | $181.6M | $204.9M | ||
| Q2 25 | $170.5M | $194.9M | ||
| Q1 25 | $161.1M | $205.6M | ||
| Q4 24 | $153.5M | $216.6M | ||
| Q3 24 | $142.2M | $207.9M | ||
| Q2 24 | $133.0M | $200.7M | ||
| Q1 24 | $125.5M | $193.5M |
| Q4 25 | $381.1M | $273.9M | ||
| Q3 25 | $409.1M | $259.2M | ||
| Q2 25 | $343.0M | $273.0M | ||
| Q1 25 | $336.4M | $280.2M | ||
| Q4 24 | $352.1M | $297.9M | ||
| Q3 24 | $324.4M | $287.7M | ||
| Q2 24 | $303.9M | $278.8M | ||
| Q1 24 | $289.2M | $272.0M |
| Q4 25 | 0.16× | 0.00× | ||
| Q3 25 | 0.31× | 0.00× | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | 0.15× | — | ||
| Q4 24 | 0.15× | — | ||
| Q3 24 | 0.14× | 0.13× | ||
| Q2 24 | 0.15× | 0.14× | ||
| Q1 24 | 0.15× | 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 | $17.3M |
| Free Cash FlowOCF − Capex | $27.9M | $16.8M |
| FCF MarginFCF / Revenue | 14.9% | 16.2% |
| Capex IntensityCapex / Revenue | 0.1% | 0.5% |
| Cash ConversionOCF / Net Profit | 2.29× | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | $41.9M | $40.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.1M | $17.3M | ||
| Q3 25 | $13.3M | $10.3M | ||
| Q2 25 | $2.0M | $14.8M | ||
| Q1 25 | $2.2M | $417.0K | ||
| Q4 24 | $19.3M | $16.3M | ||
| Q3 24 | $4.9M | $10.3M | ||
| Q2 24 | $16.5M | $13.1M | ||
| Q1 24 | $-3.9M | $924.0K |
| Q4 25 | $27.9M | $16.8M | ||
| Q3 25 | $12.8M | $9.2M | ||
| Q2 25 | $1.2M | $14.4M | ||
| Q1 25 | $11.0K | $38.0K | ||
| Q4 24 | $18.0M | $15.9M | ||
| Q3 24 | $4.6M | $9.3M | ||
| Q2 24 | $13.2M | $12.6M | ||
| Q1 24 | $-6.5M | $442.0K |
| Q4 25 | 14.9% | 16.2% | ||
| Q3 25 | 7.0% | 10.8% | ||
| Q2 25 | 0.8% | 18.2% | ||
| Q1 25 | 0.0% | 0.1% | ||
| Q4 24 | 12.5% | 18.5% | ||
| Q3 24 | 3.4% | 12.7% | ||
| Q2 24 | 10.8% | 17.3% | ||
| Q1 24 | -5.5% | 0.7% |
| Q4 25 | 0.1% | 0.5% | ||
| Q3 25 | 0.3% | 1.3% | ||
| Q2 25 | 0.6% | 0.5% | ||
| Q1 25 | 1.7% | 0.6% | ||
| Q4 24 | 0.9% | 0.5% | ||
| Q3 24 | 0.3% | 1.3% | ||
| Q2 24 | 2.7% | 0.7% | ||
| Q1 24 | 2.1% | 0.8% |
| Q4 25 | 2.29× | 1.63× | ||
| Q3 25 | 1.52× | 1.26× | ||
| Q2 25 | 0.26× | 4.59× | ||
| Q1 25 | 0.22× | — | ||
| Q4 24 | 1.96× | 1.68× | ||
| Q3 24 | 0.66× | 1.99× | ||
| Q2 24 | 2.77× | 3.06× | ||
| 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% |
TCMD
| Private Insurers | $57.6M | 56% |
| Medicare | $24.6M | 24% |
| Durable Medical Equipment Distributors | $14.1M | 14% |
| Veterans Administration | $7.3M | 7% |
