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 $1.2B against $612.1M — 1.9× the size. Gibraltar Industries, Inc. has negative trailing earnings, so its P/E is not meaningful; Limbach Holdings, Inc. trades at 19.9×. Gibraltar Industries, Inc. grew revenue faster over the last twelve months: 42.7% against 23.7%. Limbach Holdings, Inc. has the higher net margin (4.42% vs −10.4%) and the higher return on invested capital (10.9% 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 19.88 n/m 24.54
P/S 0.90 0.84 2.00
P/B 3.02 1.36 3.02
Price to free cash flow 11.82 28.29 18.49
EV/EBITDA 10.94 15.18 12.63
EV/Sales 0.93 1.67 2.14
Earnings yield 5.03% (12.45%) 2.74%
Free cash flow yield 8.46% 3.53% 3.58%

Profitability

Metric LMB ROCK Building Products & Equipment median
Gross margin 23.58% 24.80% 29.19%
Operating margin 5.75% 7.61% 6.84%
Net margin 4.42% (10.43%) 4.05%
Free cash flow margin 7.60% 2.95% 8.72%
Return on equity 16.17% (15.61%) 9.28%
Return on assets 8.09% (7.06%) 2.88%
Return on invested capital 10.85% 3.28% 5.16%

Growth

Metric LMB ROCK Building Products & Equipment median
Revenue growth (TTM) 23.67% 42.68% 3.11%
EPS growth (last fiscal year) 25.68% (133.18%) —
Revenue growth, 5-year CAGR 2.62% 1.92% 5.37%
Net income growth, 5-year CAGR 46.41% 0.00% 0.00%

Health

Metric LMB ROCK Building Products & Equipment median
Debt to equity 0.20 1.37 0.43
Current ratio 1.49 1.46 1.82
Net debt to EBITDA 0.36 (0.76) 0.98

Dividend

Metric LMB ROCK Building Products & Equipment median
Dividend yield — — 1.20%
Payout ratio 0.00 0.00 0.04

Size

Metric LMB ROCK Building Products & Equipment median
Market cap 612.11m 1.18b 1.18b

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