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Side-by-side financial comparison of Limbach Holdings, Inc. (LMB) and Wingstop Inc. (WING). Click either name above to swap in a different company.
Limbach Holdings, Inc. is the larger business by last-quarter revenue ($186.9M vs $183.7M, roughly 1.0× Wingstop Inc.). Wingstop Inc. runs the higher net margin — 16.3% vs 6.6%, a 9.7% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs 7.4%). Over the past eight quarters, Limbach Holdings, Inc.'s revenue compounded faster (25.3% CAGR vs 8.6%).
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
Wingstop Inc. is an American international fast food chain that primarily sells buffalo wings. Wingstop locations are decorated with a 1930s and 1940s pre-jet aviation theme.
LMB vs WING — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $186.9M | $183.7M |
| Net Profit | $12.3M | $29.9M |
| Gross Margin | 25.7% | 86.5% |
| Operating Margin | 9.4% | 27.4% |
| Net Margin | 6.6% | 16.3% |
| Revenue YoY | 30.1% | 7.4% |
| Net Profit YoY | 25.0% | — |
| EPS (diluted) | $1.01 | $1.08 |
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 | — | $183.7M | ||
| Q4 25 | $186.9M | $175.7M | ||
| Q3 25 | $184.6M | $175.7M | ||
| Q2 25 | $142.2M | $174.3M | ||
| Q1 25 | $133.1M | $171.1M | ||
| Q4 24 | $143.7M | $161.8M | ||
| Q3 24 | $133.9M | $162.5M | ||
| Q2 24 | $122.2M | $155.7M |
| Q1 26 | — | $29.9M | ||
| Q4 25 | $12.3M | $26.8M | ||
| Q3 25 | $8.8M | $28.5M | ||
| Q2 25 | $7.8M | $26.8M | ||
| Q1 25 | $10.2M | $92.3M | ||
| Q4 24 | $9.8M | $26.8M | ||
| Q3 24 | $7.5M | $25.7M | ||
| Q2 24 | $6.0M | $27.5M |
| Q1 26 | — | 86.5% | ||
| Q4 25 | 25.7% | — | ||
| Q3 25 | 24.2% | — | ||
| Q2 25 | 28.0% | — | ||
| Q1 25 | 27.6% | — | ||
| Q4 24 | 30.3% | 85.6% | ||
| Q3 24 | 27.0% | 85.0% | ||
| Q2 24 | 27.4% | 85.4% |
| Q1 26 | — | 27.4% | ||
| Q4 25 | 9.4% | 26.7% | ||
| Q3 25 | 7.2% | 27.9% | ||
| Q2 25 | 7.5% | 25.9% | ||
| Q1 25 | 5.9% | 22.4% | ||
| Q4 24 | 9.1% | 25.9% | ||
| Q3 24 | 8.1% | 24.5% | ||
| Q2 24 | 6.7% | 26.5% |
| Q1 26 | — | 16.3% | ||
| Q4 25 | 6.6% | 15.2% | ||
| Q3 25 | 4.8% | 16.2% | ||
| Q2 25 | 5.5% | 15.4% | ||
| Q1 25 | 7.7% | 53.9% | ||
| Q4 24 | 6.9% | 16.5% | ||
| Q3 24 | 5.6% | 15.8% | ||
| Q2 24 | 4.9% | 17.7% |
| Q1 26 | — | $1.08 | ||
| Q4 25 | $1.01 | $0.99 | ||
| Q3 25 | $0.73 | $1.02 | ||
| Q2 25 | $0.64 | $0.96 | ||
| Q1 25 | $0.85 | $3.24 | ||
| Q4 24 | $0.81 | $0.91 | ||
| Q3 24 | $0.62 | $0.88 | ||
| Q2 24 | $0.50 | $0.93 |
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 | $128.8M |
| Total DebtLower is stronger | $30.5M | — |
| Stockholders' EquityBook value | $195.7M | — |
| Total Assets | $381.1M | $648.9M |
| Debt / EquityLower = less leverage | 0.16× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $128.8M | ||
| Q4 25 | $11.3M | $196.6M | ||
| Q3 25 | $9.8M | $237.6M | ||
| Q2 25 | $38.9M | $227.9M | ||
| Q1 25 | $38.1M | $251.4M | ||
| Q4 24 | $44.9M | $315.9M | ||
| Q3 24 | $51.2M | $84.0M | ||
| Q2 24 | $59.5M | $96.7M |
| Q1 26 | — | — | ||
| Q4 25 | $30.5M | $1.2B | ||
| Q3 25 | $56.3M | — | ||
| Q2 25 | $28.4M | — | ||
| Q1 25 | $23.7M | — | ||
| Q4 24 | $23.6M | $1.2B | ||
| Q3 24 | $20.5M | — | ||
| Q2 24 | $19.7M | — |
| Q1 26 | — | — | ||
| Q4 25 | $195.7M | $-736.8M | ||
| Q3 25 | $181.6M | $-702.6M | ||
| Q2 25 | $170.5M | $-686.0M | ||
| Q1 25 | $161.1M | $-715.0M | ||
| Q4 24 | $153.5M | $-675.6M | ||
| Q3 24 | $142.2M | $-447.5M | ||
| Q2 24 | $133.0M | $-437.5M |
| Q1 26 | — | $648.9M | ||
| Q4 25 | $381.1M | $693.4M | ||
| Q3 25 | $409.1M | $721.0M | ||
| Q2 25 | $343.0M | $708.3M | ||
| Q1 25 | $336.4M | $696.8M | ||
| Q4 24 | $352.1M | $716.2M | ||
| Q3 24 | $324.4M | $484.8M | ||
| Q2 24 | $303.9M | $451.8M |
| 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 | $57.3M | ||
| Q3 25 | $13.3M | $63.9M | ||
| Q2 25 | $2.0M | $6.6M | ||
| Q1 25 | $2.2M | $25.3M | ||
| Q4 24 | $19.3M | $7.7M | ||
| Q3 24 | $4.9M | $69.0M | ||
| Q2 24 | $16.5M | $36.2M |
| Q1 26 | — | — | ||
| Q4 25 | $27.9M | $34.5M | ||
| Q3 25 | $12.8M | $61.7M | ||
| Q2 25 | $1.2M | $-7.8M | ||
| Q1 25 | $11.0K | $17.3M | ||
| Q4 24 | $18.0M | $-8.6M | ||
| Q3 24 | $4.6M | $54.9M | ||
| Q2 24 | $13.2M | $25.9M |
| Q1 26 | — | — | ||
| Q4 25 | 14.9% | 19.6% | ||
| Q3 25 | 7.0% | 35.1% | ||
| Q2 25 | 0.8% | -4.5% | ||
| Q1 25 | 0.0% | 10.1% | ||
| Q4 24 | 12.5% | -5.3% | ||
| Q3 24 | 3.4% | 33.8% | ||
| Q2 24 | 10.8% | 16.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 13.0% | ||
| Q3 25 | 0.3% | 1.3% | ||
| Q2 25 | 0.6% | 8.2% | ||
| Q1 25 | 1.7% | 4.7% | ||
| Q4 24 | 0.9% | 10.1% | ||
| Q3 24 | 0.3% | 8.7% | ||
| Q2 24 | 2.7% | 6.6% |
| Q1 26 | — | — | ||
| Q4 25 | 2.29× | 2.14× | ||
| Q3 25 | 1.52× | 2.24× | ||
| Q2 25 | 0.26× | 0.25× | ||
| Q1 25 | 0.22× | 0.27× | ||
| Q4 24 | 1.96× | 0.29× | ||
| Q3 24 | 0.66× | 2.68× | ||
| Q2 24 | 2.77× | 1.32× |
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% |
WING
| Royalty revenue, franchise fees and other | $87.5M | 48% |
| Advertising fees | $63.3M | 34% |
| Company-owned restaurant sales | $33.0M | 18% |
