Limbach Holdings, Inc. (LMB) vs Gibraltar Industries, Inc. (ROCK)

Limbach Holdings, Inc. and Gibraltar Industries, Inc. are both Building Products & Equipment companies. Gibraltar Industries, Inc. is the larger, with a market value of $940.7M against $639.3M — 1.5× the size. Gibraltar Industries, Inc. has negative trailing earnings, so its P/E is not meaningful; Limbach Holdings, Inc. trades at 20.9×. Gibraltar Industries, Inc. grew revenue faster over the last twelve months: 42.7% against 20.9%. Limbach Holdings, Inc. has the higher net margin (4.23% vs −10.4%) and the higher return on invested capital (7.94% vs 3.28%). Across the 21 metrics below, Limbach Holdings, Inc. leads on 15 and Gibraltar Industries, Inc. on 6.

Valuation

Metric LMB ROCK Building Products & Equipment median
P/E 20.89 n/m 23.33
P/S 0.89 0.65 2.09
P/B 3.19 1.05 2.85
Price to free cash flow 11.12 21.91 18.42
EV/EBITDA 12.54 13.41 13.29
EV/Sales 1.06 1.48 2.28
Earnings yield 4.79% (16.08%) 3.04%
Free cash flow yield 8.99% 4.56% 4.26%

Profitability

Metric LMB ROCK Building Products & Equipment median
Gross margin 23.35% 24.80% 31.88%
Operating margin 5.62% 7.61% 7.18%
Net margin 4.23% (10.43%) 4.11%
Free cash flow margin 8.03% 2.95% 6.41%
Return on equity 16.00% (15.61%) 5.95%
Return on assets 6.33% (7.06%) 3.90%
Return on invested capital 7.94% 3.28% 5.54%

Growth

Metric LMB ROCK Building Products & Equipment median
Revenue growth (TTM) 20.89% 42.68% 6.27%
EPS growth (last fiscal year) 25.68% (133.18%) (28.29%)
Revenue growth, 5-year CAGR 2.62% 1.92% 4.81%
Net income growth, 5-year CAGR 46.41% 0.00% 0.00%

Health

Metric LMB ROCK Building Products & Equipment median
Debt to equity 0.75 1.37 0.55
Current ratio 1.54 1.46 1.83
Net debt to EBITDA 0.36 (0.76) 1.45

Dividend

Metric LMB ROCK Building Products & Equipment median
Dividend yield — — 1.37%
Payout ratio — — 0.28

Size

Metric LMB ROCK Building Products & Equipment median
Market cap 639.29m 940.68m 3.22b

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