Limbach Holdings, Inc. (LMB) AI Stock Analysis

Established in 1901 and headquartered in Pittsburgh, Pennsylvania, Limbach Holdings provides integrated building systems solutions across the United States. The company operates through two segments: General Contractor Relationships and Owner Direct Relationships. Its services encompass the design, prefabrication, installation, management, and maintenance of mechanical, electrical, plumbing, and control systems, including HVAC infrastructure. Limbach offers facility services such as mechanical construction, maintenance, energy audits, retrofits, engineering, and design-build services using offsite prefabrication. It serves clients across sectors including healthcare, education, sports and entertainment, transportation, government, hospitality, commercial spaces, and data centers.

Limbach grew revenue from $490.4M in FY2021 to $646.8M in FY2025, achieving a 5-year revenue CAGR of 2.6%. Over that span, gross margin improved from 17.5% to 26.2%, while operating margin widened from 2.9% to 7.6%. Net income reached $48.6M with EPS of $4.50 in FY2025, up from $6.7M and $0.83 in FY2021. For the trailing twelve months ended June 30, 2026, revenue stood at $683.8M with an operating margin of 4.3% and EPS of $2.56. In the latest quarter, revenue grew 21.9% year-over-year, while quarterly earnings declined 39.1%.

As of June 30, 2026, Limbach held $17.5M in cash and short-term investments against $59.6M in total debt, resulting in net debt of $42.1M. The company maintains a current ratio of 1.49 and a debt-to-equity ratio of 0.29 on shareholders' equity of $203.1M. Operating cash flow was $45.7M in FY2025, with free cash flow of $41.9M after capital expenditures of $3.8M. Over the five-year period, share count increased by 14.4%.

At $48.69, Limbach carries a market capitalization of $580.6M and an enterprise value of $652.3M. The stock trades at a trailing P/E of 19.0x and a forward P/E of 12.7x, below the median of its US-listed Industrials peers of 24.8x and 17.2x, respectively. Its price-to-sales of 0.8x and EV/EBITDA of 11.0x also sit below the peer medians of 1.5x and 13.9x. Limbach shares have dropped 48.2% over the last year, trailing the S&P 500 return of 16.8%, though its 5-year return of 660.8% exceeds the index's 83.0%.

Wall Street coverage includes 3 Strong Buy, 1 Buy, and 1 Sell recommendations. The mean price target is $75.00, which sits 54.0% above the last close of $48.69. For the current fiscal year ending December 31, 2026, consensus estimates project revenue of $799.7M and EPS of $3.81, reflecting an EPS decrease of 15.5%. For the next fiscal year, 3 analysts project revenue of $958.0M and EPS of $4.70. Limbach beat EPS estimates in 2 of the last 4 quarters, with next earnings scheduled for November 3, 2026.

This page is an AI-written research summary of Limbach Holdings, Inc. (LMB). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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