vs
Legence Corp.（LGN）与Limbach Holdings, Inc.（LMB）财务数据对比。点击上方公司名可切换其他公司
Legence Corp.的季度营收约是Limbach Holdings, Inc.的3.8倍（$708.0M vs $186.9M）。Limbach Holdings, Inc.净利率更高（6.6% vs -0.1%，领先6.7%）。Limbach Holdings, Inc.同比增速更快（30.1% vs 26.2%）。Legence Corp.自由现金流更多（$137.4M vs $27.9M）
Legence Corp是一家可持续建筑与脱碳解决方案服务商，主要提供能效优化、楼宇自动化系统设计、可再生能源整合及低碳改造服务，客户覆盖商业、工业、公共机构等领域，核心业务布局北美，助力客户降低运营成本、减少碳排放。
林巴赫航空发动机是一家由中资控股、总部位于德国的企业，主营航空发动机的研发与制造业务，在航空动力装备领域拥有成熟的生产技术与行业经验。
LGN vs LMB — 直观对比
营收规模更大
LGN
是对方的3.8倍
$186.9M
营收增速更快
LMB
高出3.8%
26.2%
净利率更高
LMB
高出6.7%
-0.1%
自由现金流更多
LGN
多$109.5M
$27.9M
损益表 — Q3 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $708.0M | $186.9M |
| 净利润 | $-576.0K | $12.3M |
| 毛利率 | 20.9% | 25.7% |
| 营业利润率 | 5.3% | 9.4% |
| 净利率 | -0.1% | 6.6% |
| 营收同比 | 26.2% | 30.1% |
| 净利润同比 | 46.8% | 25.0% |
| 每股收益（稀释后） | $-0.02 | $1.01 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收LGNLMB
| Q4 25 | — | $186.9M | ||
| Q3 25 | $708.0M | $184.6M | ||
| Q2 25 | — | $142.2M | ||
| Q1 25 | — | $133.1M | ||
| Q4 24 | — | $143.7M | ||
| Q3 24 | $560.8M | $133.9M | ||
| Q2 24 | — | $122.2M | ||
| Q1 24 | — | $119.0M |
净利润LGNLMB
| Q4 25 | — | $12.3M | ||
| Q3 25 | $-576.0K | $8.8M | ||
| Q2 25 | — | $7.8M | ||
| Q1 25 | — | $10.2M | ||
| Q4 24 | — | $9.8M | ||
| Q3 24 | $-1.1M | $7.5M | ||
| Q2 24 | — | $6.0M | ||
| Q1 24 | — | $7.6M |
毛利率LGNLMB
| Q4 25 | — | 25.7% | ||
| Q3 25 | 20.9% | 24.2% | ||
| Q2 25 | — | 28.0% | ||
| Q1 25 | — | 27.6% | ||
| Q4 24 | — | 30.3% | ||
| Q3 24 | 21.1% | 27.0% | ||
| Q2 24 | — | 27.4% | ||
| Q1 24 | — | 26.1% |
营业利润率LGNLMB
| Q4 25 | — | 9.4% | ||
| Q3 25 | 5.3% | 7.2% | ||
| Q2 25 | — | 7.5% | ||
| Q1 25 | — | 5.9% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | 4.8% | 8.1% | ||
| Q2 24 | — | 6.7% | ||
| Q1 24 | — | 5.5% |
净利率LGNLMB
| Q4 25 | — | 6.6% | ||
| Q3 25 | -0.1% | 4.8% | ||
| Q2 25 | — | 5.5% | ||
| Q1 25 | — | 7.7% | ||
| Q4 24 | — | 6.9% | ||
| Q3 24 | -0.2% | 5.6% | ||
| Q2 24 | — | 4.9% | ||
| Q1 24 | — | 6.4% |
每股收益（稀释后）LGNLMB
| Q4 25 | — | $1.01 | ||
| Q3 25 | $-0.02 | $0.73 | ||
| Q2 25 | — | $0.64 | ||
| Q1 25 | — | $0.85 | ||
| Q4 24 | — | $0.81 | ||
| Q3 24 | — | $0.62 | ||
| Q2 24 | — | $0.50 | ||
| Q1 24 | — | $0.64 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $176.0M | $11.3M |
| 总债务越低越好 | $812.6M | $30.5M |
| 股东权益账面价值 | $387.9M | $195.7M |
| 总资产 | $2.6B | $381.1M |
| 负债/权益比越低杠杆越低 | 2.10× | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资LGNLMB
| Q4 25 | — | $11.3M | ||
| Q3 25 | $176.0M | $9.8M | ||
| Q2 25 | — | $38.9M | ||
| Q1 25 | — | $38.1M | ||
| Q4 24 | — | $44.9M | ||
| Q3 24 | — | $51.2M | ||
| Q2 24 | — | $59.5M | ||
| Q1 24 | — | $48.2M |
总债务LGNLMB
| Q4 25 | — | $30.5M | ||
| Q3 25 | $812.6M | $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 |
股东权益LGNLMB
| Q4 25 | — | $195.7M | ||
| Q3 25 | $387.9M | $181.6M | ||
| Q2 25 | — | $170.5M | ||
| Q1 25 | — | $161.1M | ||
| Q4 24 | — | $153.5M | ||
| Q3 24 | — | $142.2M | ||
| Q2 24 | — | $133.0M | ||
| Q1 24 | — | $125.5M |
总资产LGNLMB
| Q4 25 | — | $381.1M | ||
| Q3 25 | $2.6B | $409.1M | ||
| Q2 25 | — | $343.0M | ||
| Q1 25 | — | $336.4M | ||
| Q4 24 | — | $352.1M | ||
| Q3 24 | — | $324.4M | ||
| Q2 24 | — | $303.9M | ||
| Q1 24 | — | $289.2M |
负债/权益比LGNLMB
| Q4 25 | — | 0.16× | ||
| Q3 25 | 2.10× | 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× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $162.1M | $28.1M |
| 自由现金流经营现金流 - 资本支出 | $137.4M | $27.9M |
| 自由现金流率自由现金流/营收 | 19.4% | 14.9% |
| 资本支出强度资本支出/营收 | 3.5% | 0.1% |
| 现金转化率经营现金流/净利润 | — | 2.29× |
| 过去12个月自由现金流最近4个季度 | — | $41.9M |
8季度趋势，按日历期对齐
经营现金流LGNLMB
| Q4 25 | — | $28.1M | ||
| Q3 25 | $162.1M | $13.3M | ||
| Q2 25 | — | $2.0M | ||
| Q1 25 | — | $2.2M | ||
| Q4 24 | — | $19.3M | ||
| Q3 24 | — | $4.9M | ||
| Q2 24 | — | $16.5M | ||
| Q1 24 | — | $-3.9M |
自由现金流LGNLMB
| Q4 25 | — | $27.9M | ||
| Q3 25 | $137.4M | $12.8M | ||
| Q2 25 | — | $1.2M | ||
| Q1 25 | — | $11.0K | ||
| Q4 24 | — | $18.0M | ||
| Q3 24 | — | $4.6M | ||
| Q2 24 | — | $13.2M | ||
| Q1 24 | — | $-6.5M |
自由现金流率LGNLMB
| Q4 25 | — | 14.9% | ||
| Q3 25 | 19.4% | 7.0% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 12.5% | ||
| Q3 24 | — | 3.4% | ||
| Q2 24 | — | 10.8% | ||
| Q1 24 | — | -5.5% |
资本支出强度LGNLMB
| Q4 25 | — | 0.1% | ||
| Q3 25 | 3.5% | 0.3% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 2.7% | ||
| Q1 24 | — | 2.1% |
现金转化率LGNLMB
| 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× | ||
| Q1 24 | — | -0.52× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
LGN
| Installation And Fabrication | $408.7M | 58% |
| Engineering And Design | $110.9M | 16% |
| Program And Project Management | $101.2M | 14% |
| Maintenance And Service | $87.1M | 12% |
LMB
| Owner Direct Relationships Segment | $145.0M | 78% |
| General Contractor Construction Manager Relationships Segment | $41.9M | 22% |
