Limbach Holdings, Inc. (LMB) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does Limbach Holdings, Inc. Do?
Limbach Holdings, Inc. operates as an integrated building systems solutions company in the United States. It operates in two segments, General Contractor Relationships and Owner Direct Relationships. The company engages in the design, prefabrication, installation, management, and maintenance of mechanical, electrical, plumbing, and control systems, as well as heating, ventilation, air-conditioning (HVAC) system. Its facility services comprise mechanical construction, HVAC service and maintenance, energy audits and retrofits, engineering and design build, constructability evaluation, equipment and materials selection, offsite/prefabrication construction, and sustainable building solutions and practices. The company serves research, acute care, and inpatient hospitals; public and private colleges, universities, research centers and K-12 facilities; sports arenas; entertainment facilities, and amusement rides; passenger terminals and maintenance facilities for rail and airports; government facilities comprising federal, state, and local agencies; hotels and resorts; office building and other commercial structures; data centers; and industrial manufacturing facilities. The company was founded in 1901 and is headquartered in Pittsburgh, Pennsylvania. Limbach Holdings, Inc. (LMB) is classified as a small-cap stock in the Industrials sector, specifically within the Construction industry. The company is led by CEO Charles A. Bacon and employs approximately 1,650 people, headquartered in PITTSBURGH, Pennsylvania. With a market capitalization of $944M, LMB is one of the notable companies in the Industrials sector.
Limbach Holdings, Inc. (LMB) Stock Rating — Reduce (April 2026)
As of April 2026, Limbach Holdings, Inc. receives a Reduce rating with a composite score of 42.3/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.LMB ranks #2,936 out of 4,446 stocks in our coverage universe. Within the Industrials sector, Limbach Holdings, Inc. ranks #499 of 756 stocks, placing it in the lower half of its Industrials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
LMB Stock Price and 52-Week Range
Limbach Holdings, Inc. (LMB) currently trades at $80.42. The 52-week high for LMB is $154.05, which means the stock is currently trading -47.8% from its annual peak. The 52-week low is $63.02, putting the stock 27.6% above its annual trough. Recent trading volume was 0 shares, suggesting relatively thin trading activity.
Is LMB Overvalued or Undervalued? — Valuation Analysis
Limbach Holdings, Inc. (LMB) carries a value factor score of 60/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 27.35x, compared to the Industrials sector average of 27.30x — a premium of 0%. The price-to-book ratio stands at 4.79x, versus the sector average of 2.18x. The price-to-sales ratio is 1.58x, compared to 0.51x for the average Industrials stock. On an enterprise value basis, LMB trades at 21.89x EV/EBITDA, versus 5.63x for the sector.
Overall, LMB's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
Limbach Holdings, Inc. Profitability — ROE, Margins, and Quality Score
Limbach Holdings, Inc. (LMB) earns a quality factor score of 50/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 17.5%, compared to the Industrials sector average of 9.1%, which is within a healthy range. Return on assets (ROA) comes in at 9.0% versus the sector average of 3.3%.
On a margin basis, Limbach Holdings, Inc. reports gross margins of 26.7%, compared to 35.8% for the sector. The operating margin is 7.2% (sector: 6.2%). Net profit margin stands at 5.9%, versus 3.9% for the average Industrials stock. Revenue growth is running at 51.0% on a trailing basis, compared to 6.5% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
LMB Debt, Balance Sheet, and Financial Health
Limbach Holdings, Inc. has a debt-to-equity ratio of 95.0%, compared to the Industrials sector average of 70.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. The current ratio is 1.44x, suggesting adequate working capital coverage. Total debt on the balance sheet is $62M. Cash and equivalents stand at $10M.
LMB has a beta of 1.06, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for Limbach Holdings, Inc. is 42/100, reflecting average volatility within the normal range for its sector.
Limbach Holdings, Inc. Revenue and Earnings History — Quarterly Trend
In TTM 2026, Limbach Holdings, Inc. reported revenue of $594M and earnings per share (EPS) of $3.37. Net income for the quarter was $34M. Gross margin was 26.7%. Operating income came in at $43M.
In FY 2025, Limbach Holdings, Inc. reported revenue of $647M and earnings per share (EPS) of $3.37. Net income for the quarter was $39M. Gross margin was 26.2%. Revenue grew 24.7% year-over-year compared to FY 2024. Operating income came in at $49M.
In Q3 2025, Limbach Holdings, Inc. reported revenue of $185M and earnings per share (EPS) of $0.76. Net income for the quarter was $9M. Gross margin was 24.2%. Revenue grew 37.8% year-over-year compared to Q3 2024. Operating income came in at $13M.
In Q2 2025, Limbach Holdings, Inc. reported revenue of $142M and earnings per share (EPS) of $0.67. Net income for the quarter was $8M. Gross margin was 28.0%. Revenue grew 16.4% year-over-year compared to Q2 2024. Operating income came in at $11M.
Over the past 8 quarters, Limbach Holdings, Inc. has demonstrated a growth trajectory, with revenue expanding from $122M to $594M. Investors analyzing LMB stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
LMB Dividend Yield and Income Analysis
Limbach Holdings, Inc. (LMB) does not currently pay a dividend. This is common among smaller companies in the Construction industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Industrials dividend stocks may want to explore other Industrials stocks or use the stock screener to filter by dividend yield.
LMB Momentum and Technical Analysis Profile
Limbach Holdings, Inc. (LMB) has a momentum factor score of 45/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 22/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 7/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
LMB vs Competitors — Industrials Sector Ranking and Peer Comparison
Within the Industrials sector, Limbach Holdings, Inc. (LMB) ranks #499 out of 756 stocks based on the Blank Capital composite score. This places LMB in the lower half of all Industrials stocks in our coverage universe. Key competitors and sector peers include Scorpio Tankers Inc. (STNG) with a score of 63.3/100, TSAKOS ENERGY NAVIGATION LTD (TEN) with a score of 61.2/100, TEEKAY TANKERS LTD. (TNK) with a score of 62.2/100, Great Lakes Dredge & Dock CORP (GLDD) with a score of 56.5/100, and Hafnia Ltd (HAFN) with a score of 59.4/100.
Comparing LMB against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full LMB vs S&P 500 (SPY) comparison to assess how Limbach Holdings, Inc. stacks up against the broader market across all factor dimensions.
LMB Next Earnings Date
No upcoming earnings date has been announced for Limbach Holdings, Inc. (LMB) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy LMB? — Investment Thesis Summary
The quantitative profile for Limbach Holdings, Inc. suggests caution. The value score of 60/100 suggests attractive pricing relative to fundamentals.
In summary, Limbach Holdings, Inc. (LMB) earns a Reduce rating with a composite score of 42.3/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on LMB stock.
Related Resources for LMB Investors
Explore more research and tools: LMB vs S&P 500 comparison, top Industrials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare LMB head-to-head with peers: LMB vs STNG, LMB vs TEN, LMB vs TNK.