| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | 3 |
| Sell | — | — | 1 | — | — | 2 | 4 | — | 1 | — | — | 1 |
| total | individual payouts | |
|---|---|---|
| 2023 | ‡‡‡ |
|
| 2022 | ‡‡‡ |
|
| 2021 | ‡‡‡ |
|
| 2020 | ‡‡‡ |
|
| 2019 | ‡‡‡ |
|
| 2017 | ‡‡‡ |
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 59.90 | 45.00 | 11.41 | 17.59 |
| Receivables | 97.76 | 119.66 | 133.21 | 151.53 |
| Inventory | — | — | — | — |
| Other | 59.35 | 55.68 | 50.43 | 54.03 |
| 217.00 | 220.33 | 195.05 | 223.15 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 65.27 | 60.81 | 74.17 | 80.33 |
| ST’ Debt | 2.68 | 3.31 | 5.03 | 4.86 |
| Other | 42.16 | 44.52 | 20.94 | 35.13 |
| 145.15 | 151.04 | 135.09 | 150.25 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 138.86 | 173.46 | — | — |
—
|
| ’25 | 133.11 | 142.24 | 184.58 | 186.87 |
646.80
|
| ’24 | 118.98 | 122.24 | 133.92 | 143.65 |
518.78
|
| ’23 | 121.01 | 124.88 | 127.77 | 142.69 |
516.35
|
| ’22 | 114.82 | 116.12 | 122.36 | 143.48 |
496.78
|
| ’21 | 113.34 | 121.02 | 129.18 | 126.81 |
490.35
|
| ’20 | 138.77 | 135.19 | 163.86 | 130.40 |
568.21
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (7.81) | 18.74 | — | — |
—
|
| ’25 | 2.24 | 2.00 | 13.33 | 28.13 |
45.70
|
| ’24 | (3.94) | 16.50 | 4.93 | 19.29 |
36.78
|
| ’23 | 9.37 | 16.93 | 17.17 | 13.91 |
57.37
|
| ’22 | (2.96) | 15.59 | 10.36 | 12.39 |
35.37
|
| ’21 | (17.37) | (7.23) | 7.83 | (7.45) |
(24.23)
|
| ’20 | 3.52 | 18.94 | 12.77 | 4.59 |
39.82
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (7.92) | 18.18 | — | — |
—
|
| ’25 | 0.33 | 1.76 | 13.23 | 28.45 |
43.77
|
| ’24 | (5.92) | 13.25 | 5.16 | 18.32 |
30.80
|
| ’23 | 8.54 | 16.52 | 17.04 | 13.43 |
55.54
|
| ’22 | (3.09) | 15.43 | 10.36 | 12.18 |
34.88
|
| ’21 | (17.37) | (7.38) | 7.70 | (7.51) |
(24.56)
|
| ’20 | 3.05 | 18.81 | 12.32 | 4.32 |
38.49
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 0.36 | 0.39 | — | — |
—
|
| ’25 | 0.85 | 0.64 | 0.73 | 1.02 |
3.23
|
| ’24 | 0.64 | 0.50 | 0.62 | 0.82 |
2.57
|
| ’23 | 0.27 | 0.46 | 0.61 | 0.44 |
1.76
|
| ’22 | (0.15) | 0.08 | 0.34 | 0.35 |
0.64
|
| ’21 | (0.25) | 0.07 | 0.38 | 0.41 |
0.66
|
| ’20 | (0.01) | 0.37 | 0.31 | 0.05 |
0.72
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 4.90 | 10.39 | 35.24 | 63.02 | — | — | — |
Low Price
|
| ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 12.56 | 46.61 | 107.00 | 154.05 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,500 | 1,400 | 1,400 | 1,500 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.33 | 0.37 | 0.37 | 0.43 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 496.78 | 516.35 | 518.78 | 646.80 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 18.87% | 23.10% | 27.81% | 26.18% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9.61 | 28.10 | 39.97 | 48.63 | ‡‡‡‡‡ | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.93% | 5.44% | 7.70% | 7.52% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.80 | 20.75 | 30.88 | 39.06 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.30 | 8.32 | 11.93 | 18.19 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 47.65 | 47.93 | 46.14 | 55.88 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 0.65 | 1.93 | 2.75 | 3.37 | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.39 | 5.32 | 3.27 | 3.95 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.05) | (0.17) | (0.53) | (0.17) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.35 | 5.15 | 2.74 | 3.78 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9.16 | 11.22 | 13.65 | 16.90 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10.43 | 10.77 | 11.24 | 11.58 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 16.88 | 22.77 | 31.22 | 23.03 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.23 | 0.92 | 1.85 | 1.39 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.20 | 3.92 | 6.27 | 4.61 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.22 | 0.84 | 1.82 | 1.43 | ‡‡‡‡ | ‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.14 | 7.85 | 30.64 | 21.14 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 35.37 | 57.37 | 36.78 | 45.70 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.49) | (1.83) | (5.99) | (1.93) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 34.88 | 55.54 | 30.80 | 43.77 | ‡‡‡‡‡ | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 66.91 | 71.85 | 69.30 | 59.96 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 31.09 | 22.31 | 26.87 | 35.57 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (5.02) | (37.59) | (18.13) | 24.16 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 95.44 | 120.92 | 153.49 | 195.66 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.42% | 6.93% | 9.40% | 10.65% | ‡‡‡‡‡ | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.30% | 21.96% | 17.83% | 14.06% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7.42% | 19.18% | 22.50% | 22.38% | ‡‡‡‡‡ | — | — |
ROE
|
Limbach Holdings (LMB), a key player in HVAC, plumbing, and electrical services for commercial and industrial buildings, has staged an impressive post-pandemic turnaround. From pandemic lows sending shares to $2-6, the stock rocketed to $107 highs in 2024—a 130% surge—fueled by explosive margin expansion (gross margins doubling to 27.8%), profitability leaps (net income hitting $31 million, EPS up 42% to $2.75), and a rock-solid balance sheet with net cash and reduced debt. Revenue efficiency improved dramatically despite modest top-line growth, showcasing operational leverage in a tough construction industry.
Valuations now scream premium—PE at 31x and PS at 1.85x—pricing in aggressive forecasts of 14% revenue CAGR through 2027, EPS climbing to $4.15, and 30% average upside to analyst targets. Tailwinds like data center demand and infrastructure spending bolster the case, but insider net selling and historical volatility add caution.
While risks loom from construction cycles, labor shortages, and potential misses that could trigger 30-50% drawdowns, LMB’s transformation makes it a compelling watchlist name for patient investors eyeing 20-30% near-term gains on strong execution. Dive into the full analysis for deeper metrics, charts, and backlog insights.
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