Limbach Holdings, Inc. (LMB) vs Latham Group, Inc. (SWIM)

Limbach Holdings, Inc. and Latham Group, Inc. are both Building Products & Equipment companies. Latham Group, Inc. is the larger, with a market value of $732.9M against $612.1M — 1.2× the size. Limbach Holdings, Inc. trades at the lower P/E: 19.9× against 125×. Limbach Holdings, Inc. grew revenue faster over the last twelve months: 23.7% against 10.5%. Limbach Holdings, Inc. has the higher net margin (4.42% vs 0.92%) and the higher return on invested capital (10.9% vs 2.82%). Across the 22 metrics below, Limbach Holdings, Inc. leads on 17 and Latham Group, Inc. on 5.

Valuation

Metric LMB SWIM Building Products & Equipment median
P/E 19.88 125.00 24.54
P/S 0.90 1.27 2.00
P/B 3.02 1.78 3.02
Price to free cash flow 11.82 19.83 18.49
EV/EBITDA 10.94 11.56 12.63
EV/Sales 0.93 1.68 2.14
Earnings yield 5.03% 0.80% 2.74%
Free cash flow yield 8.46% 5.04% 3.58%

Profitability

Metric LMB SWIM Building Products & Equipment median
Gross margin 23.58% 33.38% 29.19%
Operating margin 5.75% 5.08% 6.84%
Net margin 4.42% 0.92% 4.05%
Free cash flow margin 7.60% 6.42% 8.72%
Return on equity 16.17% 1.32% 9.28%
Return on assets 8.09% 0.63% 2.88%
Return on invested capital 10.85% 2.82% 5.16%

Growth

Metric LMB SWIM Building Products & Equipment median
Revenue growth (TTM) 23.67% 10.50% 3.11%
EPS growth (last fiscal year) 25.68% 160.00% —
Revenue growth, 5-year CAGR 2.62% 6.24% 5.37%
Net income growth, 5-year CAGR 46.41% (6.99%) 0.00%

Health

Metric LMB SWIM Building Products & Equipment median
Debt to equity 0.20 0.68 0.43
Current ratio 1.49 2.16 1.82
Net debt to EBITDA 0.36 2.50 0.98

Dividend

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

Size

Metric LMB SWIM Building Products & Equipment median
Market cap 612.11m 732.94m 1.18b

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