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Side-by-side financial comparison of Limbach Holdings, Inc. (LMB) and UNIVERSAL TECHNICAL INSTITUTE INC (UTI). Click either name above to swap in a different company.

UNIVERSAL TECHNICAL INSTITUTE INC is the larger business by last-quarter revenue ($220.8M vs $186.9M, roughly 1.2× Limbach Holdings, Inc.). Limbach Holdings, Inc. runs the higher net margin — 6.6% vs 5.8%, a 0.8% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs 9.6%). Limbach Holdings, Inc. produced more free cash flow last quarter ($27.9M vs $-19.2M). Over the past eight quarters, Limbach Holdings, Inc.'s revenue compounded faster (25.3% CAGR vs 9.5%).

Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.

Universal Technical Institute, Inc. (UTI) is a private for-profit system of technical colleges in the United States. It was established in 1965 by Robert Sweet.

LMB vs UTI — Head-to-Head

Bigger by revenue
UTI
UTI
1.2× larger
UTI
$220.8M
$186.9M
LMB
Growing faster (revenue YoY)
LMB
LMB
+20.4% gap
LMB
30.1%
9.6%
UTI
Higher net margin
LMB
LMB
0.8% more per $
LMB
6.6%
5.8%
UTI
More free cash flow
LMB
LMB
$47.0M more FCF
LMB
$27.9M
$-19.2M
UTI
Faster 2-yr revenue CAGR
LMB
LMB
Annualised
LMB
25.3%
9.5%
UTI

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
LMB
LMB
UTI
UTI
Revenue
$186.9M
$220.8M
Net Profit
$12.3M
$12.8M
Gross Margin
25.7%
Operating Margin
9.4%
7.1%
Net Margin
6.6%
5.8%
Revenue YoY
30.1%
9.6%
Net Profit YoY
25.0%
-42.1%
EPS (diluted)
$1.01
$0.23

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.

Revenue
LMB
LMB
UTI
UTI
Q4 25
$186.9M
$220.8M
Q3 25
$184.6M
$222.4M
Q2 25
$142.2M
$204.3M
Q1 25
$133.1M
$207.4M
Q4 24
$143.7M
$201.4M
Q3 24
$133.9M
$196.4M
Q2 24
$122.2M
$177.5M
Q1 24
$119.0M
$184.2M
Net Profit
LMB
LMB
UTI
UTI
Q4 25
$12.3M
$12.8M
Q3 25
$8.8M
$18.8M
Q2 25
$7.8M
$10.7M
Q1 25
$10.2M
$11.4M
Q4 24
$9.8M
$22.2M
Q3 24
$7.5M
$18.8M
Q2 24
$6.0M
$5.0M
Q1 24
$7.6M
$7.8M
Gross Margin
LMB
LMB
UTI
UTI
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 24
26.1%
Operating Margin
LMB
LMB
UTI
UTI
Q4 25
9.4%
7.1%
Q3 25
7.2%
11.2%
Q2 25
7.5%
6.9%
Q1 25
5.9%
8.1%
Q4 24
9.1%
13.6%
Q3 24
8.1%
13.3%
Q2 24
6.7%
4.2%
Q1 24
5.5%
6.1%
Net Margin
LMB
LMB
UTI
UTI
Q4 25
6.6%
5.8%
Q3 25
4.8%
8.4%
Q2 25
5.5%
5.2%
Q1 25
7.7%
5.5%
Q4 24
6.9%
11.0%
Q3 24
5.6%
9.6%
Q2 24
4.9%
2.8%
Q1 24
6.4%
4.2%
EPS (diluted)
LMB
LMB
UTI
UTI
Q4 25
$1.01
$0.23
Q3 25
$0.73
$0.33
Q2 25
$0.64
$0.19
Q1 25
$0.85
$0.21
Q4 24
$0.81
$0.40
Q3 24
$0.62
$0.35
Q2 24
$0.50
$0.09
Q1 24
$0.64
$0.14

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LMB
LMB
UTI
UTI
Cash + ST InvestmentsLiquidity on hand
$11.3M
$162.8M
Total DebtLower is stronger
$30.5M
$101.4M
Stockholders' EquityBook value
$195.7M
$335.9M
Total Assets
$381.1M
$834.0M
Debt / EquityLower = less leverage
0.16×
0.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LMB
LMB
UTI
UTI
Q4 25
$11.3M
$162.8M
Q3 25
$9.8M
$169.1M
Q2 25
$38.9M
$70.7M
Q1 25
$38.1M
$96.0M
Q4 24
$44.9M
$172.0M
Q3 24
$51.2M
$161.9M
Q2 24
$59.5M
$115.5M
Q1 24
$48.2M
$116.1M
Total Debt
LMB
LMB
UTI
UTI
Q4 25
$30.5M
$101.4M
Q3 25
$56.3M
$87.1M
Q2 25
$28.4M
$73.8M
Q1 25
$23.7M
$94.4M
Q4 24
$23.6M
$120.1M
Q3 24
$20.5M
$125.7M
Q2 24
$19.7M
$137.3M
Q1 24
$19.4M
$141.9M
Stockholders' Equity
LMB
LMB
UTI
UTI
Q4 25
$195.7M
$335.9M
Q3 25
$181.6M
$328.1M
Q2 25
$170.5M
$306.8M
Q1 25
$161.1M
$293.9M
Q4 24
$153.5M
$280.0M
Q3 24
$142.2M
$260.2M
Q2 24
$133.0M
$239.4M
Q1 24
$125.5M
$232.6M
Total Assets
LMB
LMB
UTI
UTI
Q4 25
$381.1M
$834.0M
Q3 25
$409.1M
$826.1M
Q2 25
$343.0M
$740.8M
Q1 25
$336.4M
$720.4M
Q4 24
$352.1M
$753.8M
Q3 24
$324.4M
$744.6M
Q2 24
$303.9M
$706.0M
Q1 24
$289.2M
$702.1M
Debt / Equity
LMB
LMB
UTI
UTI
Q4 25
0.16×
0.30×
Q3 25
0.31×
0.27×
Q2 25
0.17×
0.24×
Q1 25
0.15×
0.32×
Q4 24
0.15×
0.43×
Q3 24
0.14×
0.48×
Q2 24
0.15×
0.57×
Q1 24
0.15×
0.61×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LMB
LMB
UTI
UTI
Operating Cash FlowLast quarter
$28.1M
$3.1M
Free Cash FlowOCF − Capex
$27.9M
$-19.2M
FCF MarginFCF / Revenue
14.9%
-8.7%
Capex IntensityCapex / Revenue
0.1%
10.1%
Cash ConversionOCF / Net Profit
2.29×
0.24×
TTM Free Cash FlowTrailing 4 quarters
$41.9M
$16.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LMB
LMB
UTI
UTI
Q4 25
$28.1M
$3.1M
Q3 25
$13.3M
$57.1M
Q2 25
$2.0M
$18.1M
Q1 25
$2.2M
$-789.0K
Q4 24
$19.3M
$23.0M
Q3 24
$4.9M
$67.5M
Q2 24
$16.5M
$10.0M
Q1 24
$-3.9M
$-2.5M
Free Cash Flow
LMB
LMB
UTI
UTI
Q4 25
$27.9M
$-19.2M
Q3 25
$12.8M
$40.6M
Q2 25
$1.2M
$6.8M
Q1 25
$11.0K
$-11.7M
Q4 24
$18.0M
$19.6M
Q3 24
$4.6M
$60.0M
Q2 24
$13.2M
$3.0M
Q1 24
$-6.5M
$-8.4M
FCF Margin
LMB
LMB
UTI
UTI
Q4 25
14.9%
-8.7%
Q3 25
7.0%
18.3%
Q2 25
0.8%
3.4%
Q1 25
0.0%
-5.7%
Q4 24
12.5%
9.7%
Q3 24
3.4%
30.6%
Q2 24
10.8%
1.7%
Q1 24
-5.5%
-4.6%
Capex Intensity
LMB
LMB
UTI
UTI
Q4 25
0.1%
10.1%
Q3 25
0.3%
7.4%
Q2 25
0.6%
5.5%
Q1 25
1.7%
5.3%
Q4 24
0.9%
1.7%
Q3 24
0.3%
3.8%
Q2 24
2.7%
4.0%
Q1 24
2.1%
3.2%
Cash Conversion
LMB
LMB
UTI
UTI
Q4 25
2.29×
0.24×
Q3 25
1.52×
3.04×
Q2 25
0.26×
1.69×
Q1 25
0.22×
-0.07×
Q4 24
1.96×
1.04×
Q3 24
0.66×
3.58×
Q2 24
2.77×
2.01×
Q1 24
-0.52×
-0.32×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LMB
LMB

Owner Direct Relationships Segment$145.0M78%
General Contractor Construction Manager Relationships Segment$41.9M22%

UTI
UTI

UTI$142.8M65%
Concorde$78.0M35%

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