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Side-by-side financial comparison of Limbach Holdings, Inc. (LMB) and Twin Hospitality Group Inc. (TWNP). Click either name above to swap in a different company.
Limbach Holdings, Inc. is the larger business by last-quarter revenue ($138.9M vs $82.3M, roughly 1.7× Twin Hospitality Group Inc.). Limbach Holdings, Inc. runs the higher net margin — 3.2% vs -29.7%, a 32.9% gap on every dollar of revenue.
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
LMB vs TWNP — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $138.9M | $82.3M |
| Net Profit | $4.4M | $-24.5M |
| Gross Margin | 22.4% | — |
| Operating Margin | 0.8% | -16.2% |
| Net Margin | 3.2% | -29.7% |
| Revenue YoY | 4.3% | — |
| Net Profit YoY | — | — |
| EPS (diluted) | $0.36 | $-0.43 |
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 | — | ||
| Q4 25 | $186.9M | — | ||
| Q3 25 | $184.6M | $82.3M | ||
| Q2 25 | $142.2M | $87.8M | ||
| Q1 25 | $133.1M | $87.1M | ||
| Q4 24 | $143.7M | — | ||
| Q3 24 | $133.9M | — | ||
| Q2 24 | $122.2M | — |
| Q1 26 | $4.4M | — | ||
| Q4 25 | $12.3M | — | ||
| Q3 25 | $8.8M | $-24.5M | ||
| Q2 25 | $7.8M | $-20.8M | ||
| Q1 25 | $10.2M | $-12.1M | ||
| Q4 24 | $9.8M | — | ||
| Q3 24 | $7.5M | — | ||
| Q2 24 | $6.0M | — |
| Q1 26 | 22.4% | — | ||
| Q4 25 | 25.7% | — | ||
| Q3 25 | 24.2% | — | ||
| Q2 25 | 28.0% | — | ||
| Q1 25 | 27.6% | — | ||
| Q4 24 | 30.3% | — | ||
| Q3 24 | 27.0% | — | ||
| Q2 24 | 27.4% | — |
| Q1 26 | 0.8% | — | ||
| Q4 25 | 9.4% | — | ||
| Q3 25 | 7.2% | -16.2% | ||
| Q2 25 | 7.5% | -13.2% | ||
| Q1 25 | 5.9% | -1.2% | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | 8.1% | — | ||
| Q2 24 | 6.7% | — |
| Q1 26 | 3.2% | — | ||
| Q4 25 | 6.6% | — | ||
| Q3 25 | 4.8% | -29.7% | ||
| Q2 25 | 5.5% | -23.7% | ||
| Q1 25 | 7.7% | -13.9% | ||
| Q4 24 | 6.9% | — | ||
| Q3 24 | 5.6% | — | ||
| Q2 24 | 4.9% | — |
| Q1 26 | $0.36 | — | ||
| Q4 25 | $1.01 | — | ||
| Q3 25 | $0.73 | $-0.43 | ||
| Q2 25 | $0.64 | $-0.38 | ||
| Q1 25 | $0.85 | $-0.26 | ||
| Q4 24 | $0.81 | — | ||
| Q3 24 | $0.62 | — | ||
| Q2 24 | $0.50 | — |
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 | — |
| Total DebtLower is stronger | $56.6M | $402.8M |
| Stockholders' EquityBook value | $196.3M | $-92.1M |
| Total Assets | $377.0M | $516.8M |
| Debt / EquityLower = less leverage | 0.29× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $15.8M | — | ||
| 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 26 | $56.6M | — | ||
| Q4 25 | $30.5M | — | ||
| Q3 25 | $56.3M | $402.8M | ||
| Q2 25 | $28.4M | $411.3M | ||
| Q1 25 | $23.7M | $413.0M | ||
| Q4 24 | $23.6M | — | ||
| Q3 24 | $20.5M | — | ||
| Q2 24 | $19.7M | — |
| Q1 26 | $196.3M | — | ||
| Q4 25 | $195.7M | — | ||
| Q3 25 | $181.6M | $-92.1M | ||
| Q2 25 | $170.5M | $-78.6M | ||
| Q1 25 | $161.1M | $-101.9M | ||
| Q4 24 | $153.5M | — | ||
| Q3 24 | $142.2M | — | ||
| Q2 24 | $133.0M | — |
| Q1 26 | $377.0M | — | ||
| Q4 25 | $381.1M | — | ||
| Q3 25 | $409.1M | $516.8M | ||
| Q2 25 | $343.0M | $535.1M | ||
| Q1 25 | $336.4M | $544.2M | ||
| Q4 24 | $352.1M | — | ||
| Q3 24 | $324.4M | — | ||
| Q2 24 | $303.9M | — |
| 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 | — | $-5.9M |
| Free Cash FlowOCF − Capex | — | $-7.4M |
| FCF MarginFCF / Revenue | — | -9.0% |
| Capex IntensityCapex / Revenue | — | 1.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $28.1M | — | ||
| Q3 25 | $13.3M | $-5.9M | ||
| Q2 25 | $2.0M | $-8.8M | ||
| Q1 25 | $2.2M | $-5.7M | ||
| Q4 24 | $19.3M | — | ||
| Q3 24 | $4.9M | — | ||
| Q2 24 | $16.5M | — |
| Q1 26 | — | — | ||
| Q4 25 | $27.9M | — | ||
| Q3 25 | $12.8M | $-7.4M | ||
| Q2 25 | $1.2M | $-10.6M | ||
| Q1 25 | $11.0K | $-9.7M | ||
| Q4 24 | $18.0M | — | ||
| Q3 24 | $4.6M | — | ||
| Q2 24 | $13.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | 14.9% | — | ||
| Q3 25 | 7.0% | -9.0% | ||
| Q2 25 | 0.8% | -12.1% | ||
| Q1 25 | 0.0% | -11.2% | ||
| Q4 24 | 12.5% | — | ||
| Q3 24 | 3.4% | — | ||
| Q2 24 | 10.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.3% | 1.9% | ||
| Q2 25 | 0.6% | 2.1% | ||
| Q1 25 | 1.7% | 4.6% | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | 2.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.29× | — | ||
| Q3 25 | 1.52× | — | ||
| Q2 25 | 0.26× | — | ||
| Q1 25 | 0.22× | — | ||
| Q4 24 | 1.96× | — | ||
| Q3 24 | 0.66× | — | ||
| Q2 24 | 2.77× | — |
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% |
TWNP
Segment breakdown not available.
