Limbach Holdings (LMB) Financial Statements & Analysis

Limbach Holdings (LMB) Income Statement

Limbach Holdings reported revenue of $646.80M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 24.7% from $518.78M a year earlier. Net income was $48.63M, up 57.5% year over year, a net margin of 7.5%. Gross margin was 26.2% and operating margin 7.6%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $173.46M, up 21.9% from the same quarter a year earlier.

Limbach Holdings Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Limbach Holdings, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Mar 2020	Mar 2019	Dec 2017
Revenue & Gross Profit
Revenue	646.80	518.78	516.35	496.78	490.35	568.21	553.33	546.53	485.74
Cost of Revenue	477.49	374.50	397.06	403.04	404.44	486.82	481.46	487.10	420.12
Gross Profit	169.31	144.28	119.29	93.74	85.91	81.39	71.88	59.43	65.62
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	109.52	97.20	87.40	77.88	71.44	63.60	63.17	57.09	56.02
Operating Expenses	119.86	101.89	89.28	81.73	71.92	64.23	63.81	58.36	59.61
Operating Income	49.45	42.39	30.01	12.01	13.99	17.16	8.07	1.07	6.02
Other Income/Expense
Interest Income	0.82	2.23	1.22	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	3.13	1.87	2.05	-1.83	2.57	8.63	6.29	3.31	2.28
Other Income/Expense	-0.83	-2.79	-1.08	-2.40	-4.51	-10.17	-10.12	-3.55	-2.16
Income
Income Before Tax	48.63	39.97	28.10	9.61	9.48	6.99	-2.06	-2.48	3.86
Income Tax Expense	0.00	9.09	7.35	2.81	2.76	1.18	-0.28	-0.64	3.15
Net Income	48.63	30.88	20.75	6.80	6.71	5.81	-1.78	-1.85	0.71
Net Income - Continuous Operations	48.63	30.88	20.75	6.80	6.71	5.81	-1.78	-1.85	0.71
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	69.90	53.72	38.39	22.45	17.99	21.79	14.35	6.75	15.26
EBIT	51.44	41.84	30.15	14.30	14.59	17.16	-	-	-
Depreciation & Amortization	18.13	4.69	1.88	8.16	5.95	6.17	6.29	5.68	9.12
Earnings Per Share
Basic EPS	4.00	3.00	2.00	1.00	1.00	1.00	-	-	-
Diluted EPS	4.00	3.00	2.00	1.00	1.00	1.00	-	-	-
Basic Shares Outstanding	11.63	11.24	10.77	10.43	10.01	7.87	7.66	7.56	7.26
Diluted Shares Outstanding	12.11	12.03	11.81	10.68	10.23	8.07	7.66	7.56	7.47

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Limbach Holdings Financial Statements

What was Limbach Holdings's revenue in fiscal 2025?

Limbach Holdings reported revenue of $646.80M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 24.7% from $518.78M a year earlier.

Is Limbach Holdings profitable?

Yes. Limbach Holdings earned net income of $48.63M in fiscal 2025, a net margin of 7.5%. In fiscal 2024 it earned $30.88M.

What is Limbach Holdings's operating margin?

Limbach Holdings's operating income was $49.45M on revenue of $646.80M in fiscal 2025, an operating margin of 7.6%, compared with 8.2% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition