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Side-by-side financial comparison of Limbach Holdings, Inc. (LMB) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.
Tecnoglass Inc. is the larger business by last-quarter revenue ($245.3M vs $186.9M, roughly 1.3× Limbach Holdings, Inc.). Tecnoglass Inc. runs the higher net margin — 10.6% vs 6.6%, a 4.1% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs 2.4%). Limbach Holdings, Inc. produced more free cash flow last quarter ($27.9M vs $11.4M). Over the past eight quarters, Limbach Holdings, Inc.'s revenue compounded faster (25.3% CAGR vs 12.8%).
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
Tecnoglass Inc. is a leading manufacturer of high-performance architectural glass, aluminum windows, doors, and associated building components. It primarily caters to residential and commercial construction sectors across North America and Latin America, offering custom, energy-efficient solutions for new construction and renovation projects.
LMB vs TGLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $186.9M | $245.3M |
| Net Profit | $12.3M | $26.1M |
| Gross Margin | 25.7% | 40.0% |
| Operating Margin | 9.4% | 18.3% |
| Net Margin | 6.6% | 10.6% |
| Revenue YoY | 30.1% | 2.4% |
| Net Profit YoY | 25.0% | -44.5% |
| EPS (diluted) | $1.01 | $0.57 |
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 | $245.3M | ||
| Q3 25 | $184.6M | $260.5M | ||
| Q2 25 | $142.2M | $255.5M | ||
| Q1 25 | $133.1M | $222.3M | ||
| Q4 24 | $143.7M | $239.6M | ||
| Q3 24 | $133.9M | $238.3M | ||
| Q2 24 | $122.2M | $219.7M | ||
| Q1 24 | $119.0M | $192.6M |
| Q4 25 | $12.3M | $26.1M | ||
| Q3 25 | $8.8M | $47.2M | ||
| Q2 25 | $7.8M | $44.1M | ||
| Q1 25 | $10.2M | $42.2M | ||
| Q4 24 | $9.8M | $47.0M | ||
| Q3 24 | $7.5M | $49.5M | ||
| Q2 24 | $6.0M | $35.0M | ||
| Q1 24 | $7.6M | $29.7M |
| Q4 25 | 25.7% | 40.0% | ||
| Q3 25 | 24.2% | 42.7% | ||
| Q2 25 | 28.0% | 44.7% | ||
| Q1 25 | 27.6% | 43.9% | ||
| Q4 24 | 30.3% | 44.5% | ||
| Q3 24 | 27.0% | 45.8% | ||
| Q2 24 | 27.4% | 40.8% | ||
| Q1 24 | 26.1% | 38.8% |
| Q4 25 | 9.4% | 18.3% | ||
| Q3 25 | 7.2% | 25.1% | ||
| Q2 25 | 7.5% | 24.0% | ||
| Q1 25 | 5.9% | 26.7% | ||
| Q4 24 | 9.1% | 28.0% | ||
| Q3 24 | 8.1% | 28.4% | ||
| Q2 24 | 6.7% | 23.3% | ||
| Q1 24 | 5.5% | 21.3% |
| Q4 25 | 6.6% | 10.6% | ||
| Q3 25 | 4.8% | 18.1% | ||
| Q2 25 | 5.5% | 17.3% | ||
| Q1 25 | 7.7% | 19.0% | ||
| Q4 24 | 6.9% | 19.6% | ||
| Q3 24 | 5.6% | 20.8% | ||
| Q2 24 | 4.9% | 15.9% | ||
| Q1 24 | 6.4% | 15.4% |
| Q4 25 | $1.01 | $0.57 | ||
| Q3 25 | $0.73 | $1.01 | ||
| Q2 25 | $0.64 | $0.94 | ||
| Q1 25 | $0.85 | $0.90 | ||
| Q4 24 | $0.81 | $1.00 | ||
| Q3 24 | $0.62 | $1.05 | ||
| Q2 24 | $0.50 | $0.75 | ||
| Q1 24 | $0.64 | $0.63 |
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 | $104.1M |
| Total DebtLower is stronger | $30.5M | $174.4M |
| Stockholders' EquityBook value | $195.7M | $713.1M |
| Total Assets | $381.1M | $1.3B |
| Debt / EquityLower = less leverage | 0.16× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.3M | $104.1M | ||
| Q3 25 | $9.8M | $127.1M | ||
| Q2 25 | $38.9M | $140.9M | ||
| Q1 25 | $38.1M | $160.2M | ||
| Q4 24 | $44.9M | $137.5M | ||
| Q3 24 | $51.2M | $124.8M | ||
| Q2 24 | $59.5M | $129.5M | ||
| Q1 24 | $48.2M | $138.8M |
| Q4 25 | $30.5M | $174.4M | ||
| Q3 25 | $56.3M | $114.7M | ||
| Q2 25 | $28.4M | $110.6M | ||
| Q1 25 | $23.7M | $110.6M | ||
| Q4 24 | $23.6M | $111.1M | ||
| Q3 24 | $20.5M | $126.8M | ||
| Q2 24 | $19.7M | $144.7M | ||
| Q1 24 | $19.4M | $160.9M |
| Q4 25 | $195.7M | $713.1M | ||
| Q3 25 | $181.6M | $764.0M | ||
| Q2 25 | $170.5M | $736.0M | ||
| Q1 25 | $161.1M | $685.1M | ||
| Q4 24 | $153.5M | $631.2M | ||
| Q3 24 | $142.2M | $613.3M | ||
| Q2 24 | $133.0M | $574.8M | ||
| Q1 24 | $125.5M | $573.6M |
| Q4 25 | $381.1M | $1.3B | ||
| Q3 25 | $409.1M | $1.2B | ||
| Q2 25 | $343.0M | $1.2B | ||
| Q1 25 | $336.4M | $1.1B | ||
| Q4 24 | $352.1M | $1.0B | ||
| Q3 24 | $324.4M | $996.3M | ||
| Q2 24 | $303.9M | $942.5M | ||
| Q1 24 | $289.2M | $981.6M |
| Q4 25 | 0.16× | 0.24× | ||
| Q3 25 | 0.31× | 0.15× | ||
| Q2 25 | 0.17× | 0.15× | ||
| Q1 25 | 0.15× | 0.16× | ||
| Q4 24 | 0.15× | 0.18× | ||
| Q3 24 | 0.14× | 0.21× | ||
| Q2 24 | 0.15× | 0.25× | ||
| Q1 24 | 0.15× | 0.28× |
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 | $31.0M |
| Free Cash FlowOCF − Capex | $27.9M | $11.4M |
| FCF MarginFCF / Revenue | 14.9% | 4.7% |
| Capex IntensityCapex / Revenue | 0.1% | 8.0% |
| Cash ConversionOCF / Net Profit | 2.29× | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $41.9M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.1M | $31.0M | ||
| Q3 25 | $13.3M | $40.0M | ||
| Q2 25 | $2.0M | $17.9M | ||
| Q1 25 | $2.2M | $46.9M | ||
| Q4 24 | $19.3M | $61.1M | ||
| Q3 24 | $4.9M | $41.5M | ||
| Q2 24 | $16.5M | $34.5M | ||
| Q1 24 | $-3.9M | $33.4M |
| Q4 25 | $27.9M | $11.4M | ||
| Q3 25 | $12.8M | $21.2M | ||
| Q2 25 | $1.2M | $-14.7M | ||
| Q1 25 | $11.0K | $16.5M | ||
| Q4 24 | $18.0M | $35.4M | ||
| Q3 24 | $4.6M | $17.8M | ||
| Q2 24 | $13.2M | $14.2M | ||
| Q1 24 | $-6.5M | $23.6M |
| Q4 25 | 14.9% | 4.7% | ||
| Q3 25 | 7.0% | 8.2% | ||
| Q2 25 | 0.8% | -5.7% | ||
| Q1 25 | 0.0% | 7.4% | ||
| Q4 24 | 12.5% | 14.8% | ||
| Q3 24 | 3.4% | 7.5% | ||
| Q2 24 | 10.8% | 6.5% | ||
| Q1 24 | -5.5% | 12.2% |
| Q4 25 | 0.1% | 8.0% | ||
| Q3 25 | 0.3% | 7.2% | ||
| Q2 25 | 0.6% | 12.7% | ||
| Q1 25 | 1.7% | 13.7% | ||
| Q4 24 | 0.9% | 10.7% | ||
| Q3 24 | 0.3% | 9.9% | ||
| Q2 24 | 2.7% | 9.2% | ||
| Q1 24 | 2.1% | 5.1% |
| Q4 25 | 2.29× | 1.19× | ||
| Q3 25 | 1.52× | 0.85× | ||
| Q2 25 | 0.26× | 0.41× | ||
| Q1 25 | 0.22× | 1.11× | ||
| Q4 24 | 1.96× | 1.30× | ||
| Q3 24 | 0.66× | 0.84× | ||
| Q2 24 | 2.77× | 0.98× | ||
| Q1 24 | -0.52× | 1.13× |
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% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
