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 $735.3M against $570.0M — 1.3× the size. Limbach Holdings, Inc. trades at the lower P/E: 18.8× against 122×. 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 18.80 122.40 23.15
P/S 0.85 1.25 2.02
P/B 2.86 1.75 2.81
Price to free cash flow 11.18 19.42 16.84
EV/EBITDA 10.37 11.37 12.85
EV/Sales 0.88 1.66 2.04
Earnings yield 5.32% 0.82% 2.76%
Free cash flow yield 8.95% 5.15% 4.23%

Profitability

Metric LMB SWIM Building Products & Equipment median
Gross margin 23.58% 33.38% 29.19%
Operating margin 5.75% 5.08% 6.99%
Net margin 4.42% 0.92% 4.05%
Free cash flow margin 7.60% 6.42% 7.60%
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% (34.13%)
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 — — 1.43%
Payout ratio — — 0.29

Size

Metric LMB SWIM Building Products & Equipment median
Market cap 570.02m 735.29m 1.17b

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