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 $931.8M against $639.3M — 1.5× the size. Limbach Holdings, Inc. trades at the lower P/E: 20.9× against 98.5×. Limbach Holdings, Inc. grew revenue faster over the last twelve months: 20.9% against 11.9%. Limbach Holdings, Inc. has the higher net margin (4.23% vs 1.55%) and the higher return on invested capital (7.94% vs 3.15%). Across the 22 metrics below, Limbach Holdings, Inc. leads on 16 and Latham Group, Inc. on 6.

Valuation

Metric LMB SWIM Building Products & Equipment median
P/E 20.89 98.50 23.33
P/S 0.89 1.55 2.09
P/B 3.19 2.19 2.85
Price to free cash flow 11.12 26.90 18.42
EV/EBITDA 12.54 12.99 13.29
EV/Sales 1.06 1.88 2.28
Earnings yield 4.79% 1.02% 3.04%
Free cash flow yield 8.99% 3.72% 4.26%

Profitability

Metric LMB SWIM Building Products & Equipment median
Gross margin 23.35% 33.84% 31.88%
Operating margin 5.62% 5.26% 7.18%
Net margin 4.23% 1.55% 4.11%
Free cash flow margin 8.03% 5.78% 6.41%
Return on equity 16.00% 2.23% 5.95%
Return on assets 6.33% 1.07% 3.90%
Return on invested capital 7.94% 3.15% 5.54%

Growth

Metric LMB SWIM Building Products & Equipment median
Revenue growth (TTM) 20.89% 11.94% 6.27%
EPS growth (last fiscal year) 25.68% 160.00% (28.29%)
Revenue growth, 5-year CAGR 2.62% 6.24% 4.81%
Net income growth, 5-year CAGR 46.41% (6.99%) 0.00%

Health

Metric LMB SWIM Building Products & Equipment median
Debt to equity 0.75 0.69 0.55
Current ratio 1.54 2.38 1.83
Net debt to EBITDA 0.36 2.50 1.45

Dividend

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

Size

Metric LMB SWIM Building Products & Equipment median
Market cap 639.29m 931.76m 3.22b

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