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Side-by-side financial comparison of Limbach Holdings, Inc. (LMB) and TREX CO INC (TREX). Click either name above to swap in a different company.
TREX CO INC is the larger business by last-quarter revenue ($343.4M vs $138.9M, roughly 2.5× Limbach Holdings, Inc.). TREX CO INC runs the higher net margin — 17.9% vs 3.2%, a 14.7% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (4.3% vs 1.0%). Over the past eight quarters, Limbach Holdings, Inc.'s revenue compounded faster (6.6% CAGR vs -4.5%).
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
Trex Company, Inc. is a manufacturer of wood-alternative composite decking, residential railing, and other outdoor items made from recycled materials. Its headquarters is in Winchester, Virginia.
LMB vs TREX — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $138.9M | $343.4M |
| Net Profit | $4.4M | $61.4M |
| Gross Margin | 22.4% | 40.5% |
| Operating Margin | 0.8% | 24.3% |
| Net Margin | 3.2% | 17.9% |
| Revenue YoY | 4.3% | 1.0% |
| Net Profit YoY | — | 1.6% |
| EPS (diluted) | $0.36 | $0.58 |
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.
| Q1 26 | $138.9M | $343.4M | ||
| Q4 25 | $186.9M | $161.1M | ||
| Q3 25 | $184.6M | $285.3M | ||
| Q2 25 | $142.2M | $387.8M | ||
| Q1 25 | $133.1M | $340.0M | ||
| Q4 24 | $143.7M | $167.6M | ||
| Q3 24 | $133.9M | $233.7M | ||
| Q2 24 | $122.2M | $376.5M |
| Q1 26 | $4.4M | $61.4M | ||
| Q4 25 | $12.3M | $2.3M | ||
| Q3 25 | $8.8M | $51.8M | ||
| Q2 25 | $7.8M | $75.9M | ||
| Q1 25 | $10.2M | $60.4M | ||
| Q4 24 | $9.8M | $9.8M | ||
| Q3 24 | $7.5M | $40.6M | ||
| Q2 24 | $6.0M | $87.0M |
| Q1 26 | 22.4% | 40.5% | ||
| Q4 25 | 25.7% | 30.2% | ||
| Q3 25 | 24.2% | 40.5% | ||
| Q2 25 | 28.0% | 40.8% | ||
| Q1 25 | 27.6% | 40.5% | ||
| Q4 24 | 30.3% | 32.7% | ||
| Q3 24 | 27.0% | 39.9% | ||
| Q2 24 | 27.4% | 44.7% |
| Q1 26 | 0.8% | 24.3% | ||
| Q4 25 | 9.4% | 2.2% | ||
| Q3 25 | 7.2% | 24.7% | ||
| Q2 25 | 7.5% | 26.4% | ||
| Q1 25 | 5.9% | 24.0% | ||
| Q4 24 | 9.1% | 9.2% | ||
| Q3 24 | 8.1% | 23.2% | ||
| Q2 24 | 6.7% | 31.1% |
| Q1 26 | 3.2% | 17.9% | ||
| Q4 25 | 6.6% | 1.4% | ||
| Q3 25 | 4.8% | 18.1% | ||
| Q2 25 | 5.5% | 19.6% | ||
| Q1 25 | 7.7% | 17.8% | ||
| Q4 24 | 6.9% | 5.8% | ||
| Q3 24 | 5.6% | 17.4% | ||
| Q2 24 | 4.9% | 23.1% |
| Q1 26 | $0.36 | $0.58 | ||
| Q4 25 | $1.01 | $0.03 | ||
| Q3 25 | $0.73 | $0.48 | ||
| Q2 25 | $0.64 | $0.71 | ||
| Q1 25 | $0.85 | $0.56 | ||
| Q4 24 | $0.81 | $0.10 | ||
| Q3 24 | $0.62 | $0.37 | ||
| Q2 24 | $0.50 | $0.80 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $15.8M | $4.5M |
| Total DebtLower is stronger | $56.6M | — |
| Stockholders' EquityBook value | $196.3M | $995.8M |
| Total Assets | $377.0M | $1.7B |
| Debt / EquityLower = less leverage | 0.29× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $15.8M | $4.5M | ||
| Q4 25 | $11.3M | $3.8M | ||
| Q3 25 | $9.8M | $11.4M | ||
| Q2 25 | $38.9M | $5.5M | ||
| Q1 25 | $38.1M | $5.0M | ||
| Q4 24 | $44.9M | $1.3M | ||
| Q3 24 | $51.2M | $12.8M | ||
| Q2 24 | $59.5M | $1.2M |
| Q1 26 | $56.6M | — | ||
| Q4 25 | $30.5M | — | ||
| Q3 25 | $56.3M | — | ||
| Q2 25 | $28.4M | — | ||
| Q1 25 | $23.7M | — | ||
| Q4 24 | $23.6M | — | ||
| Q3 24 | $20.5M | — | ||
| Q2 24 | $19.7M | — |
| Q1 26 | $196.3M | $995.8M | ||
| Q4 25 | $195.7M | $1.0B | ||
| Q3 25 | $181.6M | $1.0B | ||
| Q2 25 | $170.5M | $989.3M | ||
| Q1 25 | $161.1M | $910.1M | ||
| Q4 24 | $153.5M | $850.1M | ||
| Q3 24 | $142.2M | $887.9M | ||
| Q2 24 | $133.0M | $894.9M |
| Q1 26 | $377.0M | $1.7B | ||
| Q4 25 | $381.1M | $1.5B | ||
| Q3 25 | $409.1M | $1.5B | ||
| Q2 25 | $343.0M | $1.5B | ||
| Q1 25 | $336.4M | $1.6B | ||
| Q4 24 | $352.1M | $1.3B | ||
| Q3 24 | $324.4M | $1.3B | ||
| Q2 24 | $303.9M | $1.3B |
| Q1 26 | 0.29× | — | ||
| Q4 25 | 0.16× | — | ||
| Q3 25 | 0.31× | — | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | 0.15× | — | ||
| Q4 24 | 0.15× | — | ||
| Q3 24 | 0.14× | — | ||
| Q2 24 | 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 | — | $-118.4M |
| Free Cash FlowOCF − Capex | — | $-143.4M |
| FCF MarginFCF / Revenue | — | -41.8% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | -1.93× |
| TTM Free Cash FlowTrailing 4 quarters | — | $224.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-118.4M | ||
| Q4 25 | $28.1M | $65.5M | ||
| Q3 25 | $13.3M | $196.9M | ||
| Q2 25 | $2.0M | $249.8M | ||
| Q1 25 | $2.2M | $-154.0M | ||
| Q4 24 | $19.3M | $-8.5M | ||
| Q3 24 | $4.9M | $132.8M | ||
| Q2 24 | $16.5M | $193.7M |
| Q1 26 | — | $-143.4M | ||
| Q4 25 | $27.9M | $22.1M | ||
| Q3 25 | $12.8M | $142.9M | ||
| Q2 25 | $1.2M | $203.0M | ||
| Q1 25 | $11.0K | $-233.5M | ||
| Q4 24 | $18.0M | $-89.3M | ||
| Q3 24 | $4.6M | $54.5M | ||
| Q2 24 | $13.2M | $158.2M |
| Q1 26 | — | -41.8% | ||
| Q4 25 | 14.9% | 13.7% | ||
| Q3 25 | 7.0% | 50.1% | ||
| Q2 25 | 0.8% | 52.3% | ||
| Q1 25 | 0.0% | -68.7% | ||
| Q4 24 | 12.5% | -53.3% | ||
| Q3 24 | 3.4% | 23.3% | ||
| Q2 24 | 10.8% | 42.0% |
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 26.9% | ||
| Q3 25 | 0.3% | 18.9% | ||
| Q2 25 | 0.6% | 12.1% | ||
| Q1 25 | 1.7% | 23.4% | ||
| Q4 24 | 0.9% | 48.2% | ||
| Q3 24 | 0.3% | 33.5% | ||
| Q2 24 | 2.7% | 9.4% |
| Q1 26 | — | -1.93× | ||
| Q4 25 | 2.29× | 28.45× | ||
| Q3 25 | 1.52× | 3.80× | ||
| Q2 25 | 0.26× | 3.29× | ||
| Q1 25 | 0.22× | -2.55× | ||
| Q4 24 | 1.96× | -0.87× | ||
| Q3 24 | 0.66× | 3.27× | ||
| Q2 24 | 2.77× | 2.23× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LMB
| ODR | $99.8M | 72% |
| GCR | $39.0M | 28% |
TREX
Segment breakdown not available.
