Limbach Holdings Inc logo

Limbach Holdings Inc(LMB)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$48.56
09/28/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for LMB

09/28/2026: LMB (1-star) is currently NOT-A-BUY. Pass it for now.

Limbach Holdings Inc is a specialized provider of mechanical and electrical facility services that has successfully transitioned from a traditional construction company toward a higher-margin service business. Its primary strength lies in its 'Owner Direct' segment, which provides recurring maintenance and optimization services to institutional and industrial clients. The main growth opportunity is in capturing demand for high-end facility retrofits and data center infrastructure. Risks include reliance on skilled labor, intense competition from larger contractors, and sensitivity to commercial building cycles. The stock may best suit investors looking for exposure to facility services and infrastructure efficiency, provided they monitor the company's ability to maintain margin growth.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorStrong fitThe company is shifting its mix toward higher-margin service revenue which creates a pathway for sustainable earnings growth.
Momentum investorMixed fitMomentum can be volatile in the construction sector; investor interest is conditional on sustained service revenue expansion.
Value investorStrong fitLimbach's focus on operational efficiency and high-margin segments often presents attractive valuation metrics relative to its long-term potential.
Dividend investorWeak fitThe company does not pay a dividend and is currently in a growth and reinvestment phase.
Low-risk investorMixed fitWhile service revenue is stable, the company still retains exposure to the cyclicality of commercial construction markets.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMedium / highThe stock can experience sharp swings based on quarterly performance in the construction segment.
Valuation riskMediumInvestors should monitor if the premium for 'service-based' revenue becomes stretched relative to construction peers.
Competition risk (mechanical services)HighLimbach faces stiff competition from much larger, well-capitalized firms that can underprice contracts.
Business qualityMedium / highThe transition to service revenue is improving business quality, but the legacy construction business remains a factor.
Dividend incomeLow / noneIncome-focused investors will not find dividend yield here.
Execution riskMediumThe strategy relies on successful integration of acquisitions and maintaining service quality across all regions.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Extreme Price Shocks
PRICE STABILITY

Extreme Price Shocks

The stock has experienced exceptionally large and disruptive price movements during the period.

Analysis of Past Performance

Type Stock
Historic Profit 57.94%
Avg. Invested days 41
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 3.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/28/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
LMB receives a 3-star rating, supported by solid company fundamentals, and solid analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
LMB has solid overall fundamentals (4 stars), with moderate financial health, solid growth momentum, and strong ownership. In FY2025 versus FY2024, strong earnings growth (+57.5%) and solid cash generation (FCF margin 6.5%) are partially offset by soft profitability (net margin 7.5%).

Financial Health Rating

★★★★★
LMB's financial health is supported by solid cash strength, including free-cash-flow generation (6.5% of revenue). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is LMB's strongest growth driver at +57.5% FY2025 versus FY2024 (strong, 5 stars). Revenue growth (+24.7%, solid) and free-cash-flow growth (+43.2%, strong) are also constructive, though not equally high across every growth measure.

Ownership

★★★★★
Institutional ownership is 85.6% and approximately 94.5% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 6.97% supports management-shareholder alignment.

Top 5 Institutional Investors

Thrivent Financial For Lutherans 7.38%
BlackRock Inc 7.10%
FMR Inc 5.89%
Vanguard Capital Management, LLC 3.88%
Wasatch Advisors LP 3.19%

Unit Economics (Per $1K Revenue)

★★★★★
LMB generates approximately $262 of gross profit, $76 of operating income, and $65 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Soft margins and moderate cash conversion support a 3-star rating, while capital efficiency is solid.

Economic Dimensions

★★★★★
Effective Tax Rate: 19.67%

Quantitative Style Profile

★★★★★
LMB has a liquid profile. Weak momentum is the primary drawback, while elevated volatility.

Style Classification

Quality Focused

Value-OrientedHigh VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 613.70M USD
Price to earnings Ratio 20.51
1Y Target Price 77.2
Price to earnings Ratio 20.51
1Y Target Price 77.2
Volume (30-day avg) 400.5K shares
Beta 1.41
52 Weeks Range 40.74 - 114.95
Updated Date 09/27/2026
52 Weeks Range 40.74 - 114.95
Updated Date 09/27/2026
Dividends yield (FY) -
Basic EPS (TTM) 2.51

How Company Makes Money

Business areaWhat it includesRetail investor read
Owner Direct ServicesMaintenance, energy optimization, and retrofits for existing building owners.This is the company's preferred, higher-margin recurring revenue engine.
Construction ServicesMechanical and electrical design-build for new construction.Traditional project-based work that is lower margin but creates leads for service contracts.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

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Valuation

Trailing PE 20.51
Forward PE 12.72
Enterprise Value 652.26M
Price to Sales(TTM) 0.9
Enterprise Value 652.26M
Price to Sales(TTM) 0.9
Enterprise Value to Revenue 0.95
Enterprise Value to EBITDA 10.95
Shares Outstanding 11.92M
Shares Floating 11.27M
Shares Outstanding 11.92M
Shares Floating 11.27M
Percent Insiders 6.97
Percent Institutions 85.63

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Limbach Holdings Inc

Exchange NASDAQ
Headquarters Tampa, FL, United States
IPO Launch date 2014-07-16
President, CEO & Director Mr. Michael M. McCann
Sector Industrials
Industry Building Products & Equipment
Full time employees 1600
Full time employees 1600

Limbach Holdings, Inc. operates as a building systems solution company in the United States. The company operates through two segments, Owner Direct Relationships and General Contractor Relationships. It engages in the construction or renovation projects that involve primarily include mechanical, electrical, plumbing, and controls services (MEPC). It also provides professional and consultative services; inspection, troubleshooting, repair, and services; system and/or facility assessments; turnkey rental equipment solutions; MEPC infrastructure solutions; and customized solutions. The company serves research, acute care, and inpatient hospitals; public and private colleges, universities, research centers; entertainment facilities, and amusement rides and parks; data centers; automotive, energy and general manufacturing plants; and life sciences, including organizations and companies, whose work is centered around research and development focused on living things. In addition, it also operates as a mission-critical program management and consulting firm, specializes in the planning, management, and delivery of complex data center infrastructure projects. Limbach Holdings, Inc. was founded in 1901 and is headquartered in Tampa, Florida.