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Side-by-side financial comparison of Limbach Holdings, Inc. (LMB) and Bio-Techne (TECH). Click either name above to swap in a different company.
Bio-Techne is the larger business by last-quarter revenue ($295.9M vs $186.9M, roughly 1.6× Limbach Holdings, Inc.). Bio-Techne runs the higher net margin — 12.8% vs 6.6%, a 6.3% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs -6.4%). Over the past eight quarters, Limbach Holdings, Inc.'s revenue compounded faster (25.3% CAGR vs 4.2%).
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
Bio-Techne Corporation is an American life sciences company that develops, manufactures and sells life science reagents, instruments and services for the research, diagnostic, and bioprocessing markets.
LMB vs TECH — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $186.9M | $295.9M |
| Net Profit | $12.3M | $38.0M |
| Gross Margin | 25.7% | 64.6% |
| Operating Margin | 9.4% | 18.4% |
| Net Margin | 6.6% | 12.8% |
| Revenue YoY | 30.1% | -6.4% |
| Net Profit YoY | 25.0% | 68.3% |
| EPS (diluted) | $1.01 | $0.24 |
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 | $295.9M | ||
| Q3 25 | $184.6M | — | ||
| Q2 25 | $142.2M | $317.0M | ||
| Q1 25 | $133.1M | $316.2M | ||
| Q4 24 | $143.7M | $297.0M | ||
| Q3 24 | $133.9M | $289.5M | ||
| Q2 24 | $122.2M | $306.1M | ||
| Q1 24 | $119.0M | $303.4M |
| Q4 25 | $12.3M | $38.0M | ||
| Q3 25 | $8.8M | — | ||
| Q2 25 | $7.8M | $-17.7M | ||
| Q1 25 | $10.2M | $22.6M | ||
| Q4 24 | $9.8M | $34.9M | ||
| Q3 24 | $7.5M | $33.6M | ||
| Q2 24 | $6.0M | $40.6M | ||
| Q1 24 | $7.6M | $49.1M |
| Q4 25 | 25.7% | 64.6% | ||
| Q3 25 | 24.2% | — | ||
| Q2 25 | 28.0% | 62.7% | ||
| Q1 25 | 27.6% | 67.9% | ||
| Q4 24 | 30.3% | 65.3% | ||
| Q3 24 | 27.0% | 63.2% | ||
| Q2 24 | 27.4% | 66.4% | ||
| Q1 24 | 26.1% | 67.4% |
| Q4 25 | 9.4% | 18.4% | ||
| Q3 25 | 7.2% | — | ||
| Q2 25 | 7.5% | -7.5% | ||
| Q1 25 | 5.9% | 12.2% | ||
| Q4 24 | 9.1% | 16.0% | ||
| Q3 24 | 8.1% | 13.8% | ||
| Q2 24 | 6.7% | 15.0% | ||
| Q1 24 | 5.5% | 22.1% |
| Q4 25 | 6.6% | 12.8% | ||
| Q3 25 | 4.8% | — | ||
| Q2 25 | 5.5% | -5.6% | ||
| Q1 25 | 7.7% | 7.1% | ||
| Q4 24 | 6.9% | 11.7% | ||
| Q3 24 | 5.6% | 11.6% | ||
| Q2 24 | 4.9% | 13.3% | ||
| Q1 24 | 6.4% | 16.2% |
| Q4 25 | $1.01 | $0.24 | ||
| Q3 25 | $0.73 | — | ||
| Q2 25 | $0.64 | $-0.11 | ||
| Q1 25 | $0.85 | $0.14 | ||
| Q4 24 | $0.81 | $0.22 | ||
| Q3 24 | $0.62 | $0.21 | ||
| Q2 24 | $0.50 | $0.26 | ||
| Q1 24 | $0.64 | $0.31 |
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 | $172.9M |
| Total DebtLower is stronger | $30.5M | $260.0M |
| Stockholders' EquityBook value | $195.7M | $2.0B |
| Total Assets | $381.1M | $2.5B |
| Debt / EquityLower = less leverage | 0.16× | 0.13× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.3M | $172.9M | ||
| Q3 25 | $9.8M | — | ||
| Q2 25 | $38.9M | $162.2M | ||
| Q1 25 | $38.1M | $140.7M | ||
| Q4 24 | $44.9M | $177.5M | ||
| Q3 24 | $51.2M | $187.5M | ||
| Q2 24 | $59.5M | $152.9M | ||
| Q1 24 | $48.2M | $145.3M |
| Q4 25 | $30.5M | $260.0M | ||
| Q3 25 | $56.3M | — | ||
| Q2 25 | $28.4M | $346.0M | ||
| Q1 25 | $23.7M | $330.0M | ||
| Q4 24 | $23.6M | $300.0M | ||
| Q3 24 | $20.5M | $300.0M | ||
| Q2 24 | $19.7M | $319.0M | ||
| Q1 24 | $19.4M | $389.0M |
| Q4 25 | $195.7M | $2.0B | ||
| Q3 25 | $181.6M | — | ||
| Q2 25 | $170.5M | $1.9B | ||
| Q1 25 | $161.1M | $2.0B | ||
| Q4 24 | $153.5M | $2.1B | ||
| Q3 24 | $142.2M | $2.1B | ||
| Q2 24 | $133.0M | $2.1B | ||
| Q1 24 | $125.5M | $2.0B |
| Q4 25 | $381.1M | $2.5B | ||
| Q3 25 | $409.1M | — | ||
| Q2 25 | $343.0M | $2.6B | ||
| Q1 25 | $336.4M | $2.6B | ||
| Q4 24 | $352.1M | $2.7B | ||
| Q3 24 | $324.4M | $2.7B | ||
| Q2 24 | $303.9M | $2.7B | ||
| Q1 24 | $289.2M | $2.7B |
| Q4 25 | 0.16× | 0.13× | ||
| Q3 25 | 0.31× | — | ||
| Q2 25 | 0.17× | 0.18× | ||
| Q1 25 | 0.15× | 0.16× | ||
| Q4 24 | 0.15× | 0.14× | ||
| Q3 24 | 0.14× | 0.14× | ||
| Q2 24 | 0.15× | 0.15× | ||
| Q1 24 | 0.15× | 0.19× |
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 | — |
| Free Cash FlowOCF − Capex | $27.9M | — |
| FCF MarginFCF / Revenue | 14.9% | — |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | 2.29× | — |
| TTM Free Cash FlowTrailing 4 quarters | $41.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.1M | — | ||
| Q3 25 | $13.3M | — | ||
| Q2 25 | $2.0M | $98.2M | ||
| Q1 25 | $2.2M | $41.1M | ||
| Q4 24 | $19.3M | $84.3M | ||
| Q3 24 | $4.9M | $63.9M | ||
| Q2 24 | $16.5M | $75.5M | ||
| Q1 24 | $-3.9M | $81.0M |
| Q4 25 | $27.9M | — | ||
| Q3 25 | $12.8M | — | ||
| Q2 25 | $1.2M | $93.3M | ||
| Q1 25 | $11.0K | $31.0M | ||
| Q4 24 | $18.0M | $77.5M | ||
| Q3 24 | $4.6M | $54.7M | ||
| Q2 24 | $13.2M | $57.5M | ||
| Q1 24 | $-6.5M | $64.5M |
| Q4 25 | 14.9% | — | ||
| Q3 25 | 7.0% | — | ||
| Q2 25 | 0.8% | 29.4% | ||
| Q1 25 | 0.0% | 9.8% | ||
| Q4 24 | 12.5% | 26.1% | ||
| Q3 24 | 3.4% | 18.9% | ||
| Q2 24 | 10.8% | 18.8% | ||
| Q1 24 | -5.5% | 21.3% |
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.6% | 1.5% | ||
| Q1 25 | 1.7% | 3.2% | ||
| Q4 24 | 0.9% | 2.3% | ||
| Q3 24 | 0.3% | 3.2% | ||
| Q2 24 | 2.7% | 5.9% | ||
| Q1 24 | 2.1% | 5.4% |
| Q4 25 | 2.29× | — | ||
| Q3 25 | 1.52× | — | ||
| Q2 25 | 0.26× | — | ||
| Q1 25 | 0.22× | 1.82× | ||
| Q4 24 | 1.96× | 2.42× | ||
| Q3 24 | 0.66× | 1.90× | ||
| Q2 24 | 2.77× | 1.86× | ||
| Q1 24 | -0.52× | 1.65× |
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% |
TECH
| Diagnostics And Spatial Biology | $81.2M | 27% |
| EMEA Excluding UK | $75.4M | 25% |
| Other | $42.4M | 14% |
| Instruments | $29.6M | 10% |
| APAC Excluding Greater China | $22.7M | 8% |
| Services | $22.3M | 8% |
| GB | $13.7M | 5% |
| Royalty | $8.5M | 3% |
