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Side-by-side financial comparison of Limbach Holdings, Inc. (LMB) and VICOR CORP (VICR). Click either name above to swap in a different company.
Limbach Holdings, Inc. is the larger business by last-quarter revenue ($186.9M vs $113.0M, roughly 1.7× VICOR CORP). VICOR CORP runs the higher net margin — 18.3% vs 6.6%, a 11.7% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs 20.2%). Over the past eight quarters, Limbach Holdings, Inc.'s revenue compounded faster (25.3% CAGR vs 14.7%).
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
Vicor Corporation is a manufacturer of power modules headquartered in Andover, Massachusetts.
LMB vs VICR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $186.9M | $113.0M |
| Net Profit | $12.3M | $20.7M |
| Gross Margin | 25.7% | — |
| Operating Margin | 9.4% | 59.7% |
| Net Margin | 6.6% | 18.3% |
| Revenue YoY | 30.1% | 20.2% |
| Net Profit YoY | 25.0% | 713.9% |
| EPS (diluted) | $1.01 | $0.44 |
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 | — | $113.0M | ||
| Q4 25 | $186.9M | $107.3M | ||
| Q3 25 | $184.6M | $110.4M | ||
| Q2 25 | $142.2M | $96.0M | ||
| Q1 25 | $133.1M | $94.0M | ||
| Q4 24 | $143.7M | $96.2M | ||
| Q3 24 | $133.9M | $93.2M | ||
| Q2 24 | $122.2M | $85.9M |
| Q1 26 | — | $20.7M | ||
| Q4 25 | $12.3M | $46.5M | ||
| Q3 25 | $8.8M | $28.3M | ||
| Q2 25 | $7.8M | $41.2M | ||
| Q1 25 | $10.2M | $2.5M | ||
| Q4 24 | $9.8M | $10.2M | ||
| Q3 24 | $7.5M | $11.6M | ||
| Q2 24 | $6.0M | $-1.2M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | 55.4% | ||
| Q3 25 | 24.2% | 57.5% | ||
| Q2 25 | 28.0% | 95.9% | ||
| Q1 25 | 27.6% | 47.2% | ||
| Q4 24 | 30.3% | 52.4% | ||
| Q3 24 | 27.0% | 49.1% | ||
| Q2 24 | 27.4% | 49.8% |
| Q1 26 | — | 59.7% | ||
| Q4 25 | 9.4% | 14.6% | ||
| Q3 25 | 7.2% | 18.9% | ||
| Q2 25 | 7.5% | 47.3% | ||
| Q1 25 | 5.9% | -0.2% | ||
| Q4 24 | 9.1% | 9.6% | ||
| Q3 24 | 8.1% | 5.8% | ||
| Q2 24 | 6.7% | 0.2% |
| Q1 26 | — | 18.3% | ||
| Q4 25 | 6.6% | 43.4% | ||
| Q3 25 | 4.8% | 25.6% | ||
| Q2 25 | 5.5% | 42.9% | ||
| Q1 25 | 7.7% | 2.7% | ||
| Q4 24 | 6.9% | 10.7% | ||
| Q3 24 | 5.6% | 12.4% | ||
| Q2 24 | 4.9% | -1.4% |
| Q1 26 | — | $0.44 | ||
| Q4 25 | $1.01 | $1.01 | ||
| Q3 25 | $0.73 | $0.63 | ||
| Q2 25 | $0.64 | $0.91 | ||
| Q1 25 | $0.85 | $0.06 | ||
| Q4 24 | $0.81 | $0.24 | ||
| Q3 24 | $0.62 | $0.26 | ||
| Q2 24 | $0.50 | $-0.03 |
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 | $404.2M |
| Total DebtLower is stronger | $30.5M | — |
| Stockholders' EquityBook value | $195.7M | $754.1M |
| Total Assets | $381.1M | $804.9M |
| Debt / EquityLower = less leverage | 0.16× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $404.2M | ||
| Q4 25 | $11.3M | $402.8M | ||
| Q3 25 | $9.8M | $362.4M | ||
| Q2 25 | $38.9M | $338.5M | ||
| Q1 25 | $38.1M | $296.1M | ||
| Q4 24 | $44.9M | $277.3M | ||
| Q3 24 | $51.2M | $267.6M | ||
| Q2 24 | $59.5M | $251.9M |
| Q1 26 | — | — | ||
| 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 | — | $754.1M | ||
| Q4 25 | $195.7M | $711.6M | ||
| Q3 25 | $181.6M | $630.1M | ||
| Q2 25 | $170.5M | $608.6M | ||
| Q1 25 | $161.1M | $580.3M | ||
| Q4 24 | $153.5M | $570.1M | ||
| Q3 24 | $142.2M | $554.6M | ||
| Q2 24 | $133.0M | $537.2M |
| Q1 26 | — | $804.9M | ||
| Q4 25 | $381.1M | $785.8M | ||
| Q3 25 | $409.1M | $710.2M | ||
| Q2 25 | $343.0M | $693.5M | ||
| Q1 25 | $336.4M | $665.0M | ||
| Q4 24 | $352.1M | $641.1M | ||
| Q3 24 | $324.4M | $632.8M | ||
| Q2 24 | $303.9M | $613.2M |
| Q1 26 | — | — | ||
| 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 | $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.
| Q1 26 | — | — | ||
| Q4 25 | $28.1M | $15.7M | ||
| Q3 25 | $13.3M | $38.5M | ||
| Q2 25 | $2.0M | $65.2M | ||
| Q1 25 | $2.2M | $20.1M | ||
| Q4 24 | $19.3M | $10.1M | ||
| Q3 24 | $4.9M | $22.6M | ||
| Q2 24 | $16.5M | $15.6M |
| Q1 26 | — | — | ||
| Q4 25 | $27.9M | $10.2M | ||
| Q3 25 | $12.8M | $34.5M | ||
| Q2 25 | $1.2M | $59.0M | ||
| Q1 25 | $11.0K | $15.6M | ||
| Q4 24 | $18.0M | $8.4M | ||
| Q3 24 | $4.6M | $14.1M | ||
| Q2 24 | $13.2M | $9.4M |
| Q1 26 | — | — | ||
| Q4 25 | 14.9% | 9.5% | ||
| Q3 25 | 7.0% | 31.2% | ||
| Q2 25 | 0.8% | 61.5% | ||
| Q1 25 | 0.0% | 16.6% | ||
| Q4 24 | 12.5% | 8.7% | ||
| Q3 24 | 3.4% | 15.2% | ||
| Q2 24 | 10.8% | 11.0% |
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 5.2% | ||
| Q3 25 | 0.3% | 3.6% | ||
| Q2 25 | 0.6% | 6.5% | ||
| Q1 25 | 1.7% | 4.8% | ||
| Q4 24 | 0.9% | 1.8% | ||
| Q3 24 | 0.3% | 9.1% | ||
| Q2 24 | 2.7% | 7.2% |
| Q1 26 | — | — | ||
| Q4 25 | 2.29× | 0.34× | ||
| Q3 25 | 1.52× | 1.36× | ||
| Q2 25 | 0.26× | 1.58× | ||
| Q1 25 | 0.22× | 7.93× | ||
| Q4 24 | 1.96× | 0.99× | ||
| Q3 24 | 0.66× | 1.95× | ||
| Q2 24 | 2.77× | — |
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% |
VICR
| Product revenue | $98.0M | 87% |
| Royalty revenue | $15.0M | 13% |
