vs
Side-by-side financial comparison of Limbach Holdings, Inc. (LMB) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.
Walker & Dunlop, Inc. is the larger business by last-quarter revenue ($340.0M vs $186.9M, roughly 1.8× Limbach Holdings, Inc.). Limbach Holdings, Inc. runs the higher net margin — 6.6% vs -12.9%, a 19.5% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs -0.4%). Limbach Holdings, Inc. produced more free cash flow last quarter ($27.9M vs $-680.1M). Over the past eight quarters, Limbach Holdings, Inc.'s revenue compounded faster (25.3% CAGR vs 22.1%).
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
LMB vs WD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $186.9M | $340.0M |
| Net Profit | $12.3M | $-13.9M |
| Gross Margin | 25.7% | — |
| Operating Margin | 9.4% | -17.2% |
| Net Margin | 6.6% | -12.9% |
| Revenue YoY | 30.1% | -0.4% |
| Net Profit YoY | 25.0% | -131.0% |
| EPS (diluted) | $1.01 | $-0.41 |
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 | $340.0M | ||
| Q3 25 | $184.6M | $337.7M | ||
| Q2 25 | $142.2M | $319.2M | ||
| Q1 25 | $133.1M | $237.4M | ||
| Q4 24 | $143.7M | $341.5M | ||
| Q3 24 | $133.9M | $292.3M | ||
| Q2 24 | $122.2M | $270.7M | ||
| Q1 24 | $119.0M | $228.1M |
| Q4 25 | $12.3M | $-13.9M | ||
| Q3 25 | $8.8M | $33.5M | ||
| Q2 25 | $7.8M | $34.0M | ||
| Q1 25 | $10.2M | $2.8M | ||
| Q4 24 | $9.8M | $44.8M | ||
| Q3 24 | $7.5M | $28.8M | ||
| Q2 24 | $6.0M | $22.7M | ||
| Q1 24 | $7.6M | $11.9M |
| 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% | — |
| Q4 25 | 9.4% | -17.2% | ||
| Q3 25 | 7.2% | 13.6% | ||
| Q2 25 | 7.5% | 14.5% | ||
| Q1 25 | 5.9% | 2.2% | ||
| Q4 24 | 9.1% | 15.3% | ||
| Q3 24 | 8.1% | 12.8% | ||
| Q2 24 | 6.7% | 10.4% | ||
| Q1 24 | 5.5% | 6.0% |
| Q4 25 | 6.6% | -12.9% | ||
| Q3 25 | 4.8% | 9.9% | ||
| Q2 25 | 5.5% | 10.6% | ||
| Q1 25 | 7.7% | 1.2% | ||
| Q4 24 | 6.9% | 13.1% | ||
| Q3 24 | 5.6% | 9.9% | ||
| Q2 24 | 4.9% | 8.4% | ||
| Q1 24 | 6.4% | 5.2% |
| Q4 25 | $1.01 | $-0.41 | ||
| Q3 25 | $0.73 | $0.98 | ||
| Q2 25 | $0.64 | $0.99 | ||
| Q1 25 | $0.85 | $0.08 | ||
| Q4 24 | $0.81 | $1.32 | ||
| Q3 24 | $0.62 | $0.85 | ||
| Q2 24 | $0.50 | $0.67 | ||
| Q1 24 | $0.64 | $0.35 |
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 | $299.3M |
| Total DebtLower is stronger | $30.5M | — |
| Stockholders' EquityBook value | $195.7M | $1.7B |
| Total Assets | $381.1M | $5.1B |
| Debt / EquityLower = less leverage | 0.16× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.3M | $299.3M | ||
| Q3 25 | $9.8M | $274.8M | ||
| Q2 25 | $38.9M | $233.7M | ||
| Q1 25 | $38.1M | $181.0M | ||
| Q4 24 | $44.9M | $279.3M | ||
| Q3 24 | $51.2M | $179.8M | ||
| Q2 24 | $59.5M | $208.1M | ||
| Q1 24 | $48.2M | $216.5M |
| 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 24 | $19.4M | — |
| Q4 25 | $195.7M | $1.7B | ||
| Q3 25 | $181.6M | $1.8B | ||
| Q2 25 | $170.5M | $1.8B | ||
| Q1 25 | $161.1M | $1.7B | ||
| Q4 24 | $153.5M | $1.7B | ||
| Q3 24 | $142.2M | $1.7B | ||
| Q2 24 | $133.0M | $1.7B | ||
| Q1 24 | $125.5M | $1.7B |
| Q4 25 | $381.1M | $5.1B | ||
| Q3 25 | $409.1M | $5.8B | ||
| Q2 25 | $343.0M | $4.7B | ||
| Q1 25 | $336.4M | $4.5B | ||
| Q4 24 | $352.1M | $4.4B | ||
| Q3 24 | $324.4M | $4.6B | ||
| Q2 24 | $303.9M | $4.2B | ||
| Q1 24 | $289.2M | $3.8B |
| 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× | — | ||
| Q1 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 | $-664.3M |
| Free Cash FlowOCF − Capex | $27.9M | $-680.1M |
| FCF MarginFCF / Revenue | 14.9% | -200.0% |
| Capex IntensityCapex / Revenue | 0.1% | 4.6% |
| Cash ConversionOCF / Net Profit | 2.29× | — |
| TTM Free Cash FlowTrailing 4 quarters | $41.9M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.1M | $-664.3M | ||
| Q3 25 | $13.3M | $-948.1M | ||
| Q2 25 | $2.0M | $-238.5M | ||
| Q1 25 | $2.2M | $-281.1M | ||
| Q4 24 | $19.3M | $129.4M | ||
| Q3 24 | $4.9M | $-202.0M | ||
| Q2 24 | $16.5M | $-237.8M | ||
| Q1 24 | $-3.9M | $38.4M |
| Q4 25 | $27.9M | $-680.1M | ||
| Q3 25 | $12.8M | $-950.4M | ||
| Q2 25 | $1.2M | $-241.0M | ||
| Q1 25 | $11.0K | $-284.7M | ||
| Q4 24 | $18.0M | $116.4M | ||
| Q3 24 | $4.6M | $-204.0M | ||
| Q2 24 | $13.2M | $-241.7M | ||
| Q1 24 | $-6.5M | $35.2M |
| Q4 25 | 14.9% | -200.0% | ||
| Q3 25 | 7.0% | -281.5% | ||
| Q2 25 | 0.8% | -75.5% | ||
| Q1 25 | 0.0% | -120.0% | ||
| Q4 24 | 12.5% | 34.1% | ||
| Q3 24 | 3.4% | -69.8% | ||
| Q2 24 | 10.8% | -89.3% | ||
| Q1 24 | -5.5% | 15.4% |
| Q4 25 | 0.1% | 4.6% | ||
| Q3 25 | 0.3% | 0.7% | ||
| Q2 25 | 0.6% | 0.8% | ||
| Q1 25 | 1.7% | 1.5% | ||
| Q4 24 | 0.9% | 3.8% | ||
| Q3 24 | 0.3% | 0.7% | ||
| Q2 24 | 2.7% | 1.4% | ||
| Q1 24 | 2.1% | 1.4% |
| Q4 25 | 2.29× | — | ||
| Q3 25 | 1.52× | -28.34× | ||
| Q2 25 | 0.26× | -7.02× | ||
| Q1 25 | 0.22× | -102.07× | ||
| Q4 24 | 1.96× | 2.89× | ||
| Q3 24 | 0.66× | -7.01× | ||
| Q2 24 | 2.77× | -10.49× | ||
| Q1 24 | -0.52× | 3.24× |
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% |
WD
Segment breakdown not available.
