LMB on Nasdaq
Limbach Holdings
American construction - special trade contractors company.1
Price unavailable
Last updated Oct 18, 2026.
Overview
Compare with Matrix It Ltd., Argan, Inc. or Concrete Pumping Holdings, Inc., or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
26.2%Gross margin4
7.6%Operating margin4
6.0%Net margin4
24.7%Revenue growth, 20254
20.0%Return on equity4
$41.9MFree cash flow4
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Owner Direct Relationships brought in 75% of the revenue Limbach Holdings broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Owner Direct Relationships | $262.0M | $345.5M | $485.7M |
| General Contractor (Construction Manager) Relationships | $254.4M | $173.3M | $161.1M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue74¢$477.5M
- Selling, general and admin17¢$109.5M
- Other costs2¢$11.2M
- Income tax1¢$9.6M
- Profit6¢$39.1M
Out of $646.8M in revenue.4
Where each dollar of operating cash went, fiscal 2025
- Capital spending8¢$3.8M
- Kept or used elsewhere92¢$41.9M
Out of $45.7M of cash from operations.4
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue | $646.8M | $518.8M | $516.4M |
| Cost of revenue | $477.5M | $374.5M | $397.1M |
| Gross profit | $169.3M | $144.3M | $119.3M |
| Selling, general and administrative | $109.5M | $97.2M | $87.4M |
| Acquisition-related retention expense and contingent consideration | $2.0M | $3.8M | $729.0K |
| Amortization of intangibles | $8.4M | $4.7M | $1.9M |
| Total operating expenses | $119.9M | $105.7M | $90.0M |
| Operating income | $49.5M | $38.6M | $29.3M |
| Interest expense | -$3.1M | -$1.9M | -$2.0M |
| Interest income | $815.0K | $2.2M | $1.2M |
| Loss on early debt extinguishment | $0 | $0 | -$311.0K |
| (Loss) gain on change in fair value of interest rate swap | -$191.0K | $34.0K | -$124.0K |
| Gain on disposition of property and equipment | $1.7M | $950.0K | $80.0K |
| Total other (expenses) income | -$825.0K | $1.3M | -$1.2M |
| Income before income taxes | $48.6M | $40.0M | $28.1M |
| Income tax provision | $9.6M | $9.1M | $7.3M |
| Net income | $39.1M | $30.9M | $20.8M |
| Basic (in usd per share) | $3.37 | $2.75 | $1.93 |
| Diluted (in usd per share) | $3.23 | $2.57 | $1.76 |
| Basic (in shares) | 11.6M shares | 11.2M shares | 10.8M shares |
| Diluted (in shares) | 12.1M shares | 12.0M shares | 11.8M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $11.3M | $44.9M | ||
| Restricted cash | $65.0K | $65.0K | ||
| Accounts receivable (net of allowance for credit losses of $396 and $387, respectively) | $133.2M | $119.7M | ||
| Contract assets, net | $45.5M | $47.5M | ||
| Advances to and equity in joint ventures, net | $5.0K | $5.0K | ||
| Other current assets | $5.0M | $8.1M | ||
| Total current assets | $195.0M | $220.3M | ||
| Property and equipment, net | $43.3M | $30.1M | ||
| Intangible assets, net | $49.2M | $41.2M | ||
| Goodwill | $70.6M | $33.0M | $16.4M | |
| Operating lease right-of-use assets | $19.8M | $21.5M | ||
| Deferred tax asset | $2.9M | $5.5M | ||
| Other assets | $276.0K | $337.0K | ||
| Total assets | $381.1M | $352.1M | ||
| Current portion of long-term debt | $5.0M | $3.3M | ||
| Current operating lease liabilities | $4.4M | $4.1M | ||
| Accounts payable, including retainage | $74.2M | $60.8M | ||
| Contract liabilities, net | $20.9M | $44.5M | ||
| Accrued income taxes | $1.2M | $1.5M | ||
| Accrued expenses and other current liabilities | $29.4M | $36.8M | ||
| Total current liabilities | $135.1M | $151.0M | ||
| Long-term debt | $30.5M | $23.6M | ||
| Long-term operating lease liabilities | $15.9M | $17.8M | ||
| Other long-term liabilities | $3.9M | $6.3M | ||
| Total liabilities | $185.5M | $198.6M | ||
| Redeemable convertible preferred stock, net, par value $0.0001, 1,000,000 shares authorized, no shares issued and outstanding ($0 redemption value) | $0 | $0 | ||
| Common stock, $0.0001 par value; 100,000,000 shares authorized, issued 11,806,466 and 11,452,753, respectively; 11,626,814 and 11,273,101 outstanding, respectively | $1.0K | $1.0K | ||
| Additional paid-in capital | $97.3M | $94.2M | ||
| Treasury stock, at cost (179,652 shares at both period ends) | -$2.0M | -$2.0M | ||
| Retained earnings | $100.3M | $61.3M | ||
| Total stockholders equity | $195.7M | $153.5M | $120.9M | $95.4M |
| Total liabilities and stockholders equity | $381.1M | $352.1M | ||
| Allowance for doubtful accounts | $396.0K | $387.0K | ||
| Common stock, par or stated value per share (in usd per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized (in shares) | 100.0M shares | 100.0M shares | ||
| Common stock, shares, issued (in shares) | 11.8M shares | 11.5M shares | ||
| Common stock, shares, outstanding (in shares) | 11.6M shares | 11.3M shares | ||
| Treasury stock (in shares) | 179.7K shares | 179.7K shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $11.3M | $44.9M | ||
| Restricted cash | $65.0K | $65.0K | ||
| Accounts receivable (net of allowance for credit losses of $396 and $387, respectively) | $133.2M | $119.7M | ||
| Contract assets, net | $45.5M | $47.5M | ||
| Advances to and equity in joint ventures, net | $5.0K | $5.0K | ||
| Other current assets | $5.0M | $8.1M | ||
| Total current assets | $195.0M | $220.3M | ||
| Property and equipment, net | $43.3M | $30.1M | ||
| Intangible assets, net | $49.2M | $41.2M | ||
| Goodwill | $70.6M | $33.0M | $16.4M | |
| Operating lease right-of-use assets | $19.8M | $21.5M | ||
| Deferred tax asset | $2.9M | $5.5M | ||
| Other assets | $276.0K | $337.0K | ||
| Total assets | $381.1M | $352.1M | ||
| Current portion of long-term debt | $5.0M | $3.3M | ||
| Current operating lease liabilities | $4.4M | $4.1M | ||
| Accounts payable, including retainage | $74.2M | $60.8M | ||
| Contract liabilities, net | $20.9M | $44.5M | ||
| Accrued income taxes | $1.2M | $1.5M | ||
| Accrued expenses and other current liabilities | $29.4M | $36.8M | ||
| Total current liabilities | $135.1M | $151.0M | ||
| Long-term debt | $30.5M | $23.6M | ||
| Long-term operating lease liabilities | $15.9M | $17.8M | ||
| Other long-term liabilities | $3.9M | $6.3M | ||
| Total liabilities | $185.5M | $198.6M | ||
| Redeemable convertible preferred stock, net, par value $0.0001, 1,000,000 shares authorized, no shares issued and outstanding ($0 redemption value) | $0 | $0 | ||
| Common stock, $0.0001 par value; 100,000,000 shares authorized, issued 11,806,466 and 11,452,753, respectively; 11,626,814 and 11,273,101 outstanding, respectively | $1.0K | $1.0K | ||
| Additional paid-in capital | $97.3M | $94.2M | ||
| Treasury stock, at cost (179,652 shares at both period ends) | -$2.0M | -$2.0M | ||
| Retained earnings | $100.3M | $61.3M | ||
| Total stockholders equity | $195.7M | $153.5M | $120.9M | $95.4M |
| Total liabilities and stockholders equity | $381.1M | $352.1M | ||
| Allowance for doubtful accounts | $396.0K | $387.0K | ||
| Common stock, par or stated value per share (in usd per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized (in shares) | 100.0M shares | 100.0M shares | ||
| Common stock, shares, issued (in shares) | 11.8M shares | 11.5M shares | ||
| Common stock, shares, outstanding (in shares) | 11.6M shares | 11.3M shares | ||
| Treasury stock (in shares) | 179.7K shares | 179.7K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $39.1M | $30.9M | $20.8M |
| Depreciation and amortization | $18.1M | $11.9M | $8.2M |
| Noncash operating lease expense | $4.1M | $4.1M | $3.8M |
| Provision for credit losses | $404.0K | $201.0K | $431.0K |
| Non-cash stock-based compensation expense | $7.0M | $5.8M | $4.9M |
| Loss on early debt extinguishment | $0 | $0 | $311.0K |
| Amortization of debt issuance costs | $54.0K | $43.0K | $79.0K |
| Deferred income tax provision | $2.6M | -$352.0K | -$350.0K |
| Gain on sale of property and equipment | -$1.7M | -$950.0K | -$80.0K |
| Loss (gain) on change in fair value of interest rate swap | $191.0K | -$34.0K | $124.0K |
| Acquisition-related retention expense and contingent consideration | $2.0M | $3.8M | $729.0K |
| Accounts receivable | $4.5M | -$11.3M | $32.6M |
| Contract assets and contract liabilities, net | -$24.8M | $5.6M | $1.3M |
| Other current assets | $3.2M | -$499.0K | -$1.5M |
| Accounts payable, including retainage | $5.3M | -$10.3M | -$10.9M |
| Income tax receivable | $0 | $0 | $95.0K |
| Accrued income taxes | -$318.0K | $1.0M | -$1.4M |
| Accrued expenses and other current liabilities | -$8.9M | $3.1M | $2.9M |
| Operating lease liabilities | -$4.0M | -$3.9M | -$3.8M |
| Payment of contingent consideration liability in excess of acquisition-date fair value | -$1.5M | -$2.2M | -$1.2M |
| Other long-term liabilities | $409.0K | -$141.0K | $401.0K |
| Net cash provided by operating activities | $45.7M | $36.8M | $57.4M |
| Proceeds from sale of property and equipment | $1.9M | $1.5M | $435.0K |
| Purchase of property and equipment | -$3.8M | -$7.5M | -$2.3M |
| Advances from joint ventures | $0 | $7.0K | $0 |
| Net cash used in investing activities | -$67.6M | -$42.6M | -$17.1M |
| Payments on Wintrust Term Loans | $0 | $0 | -$21.5M |
| Proceeds from Wintrust Revolving Loan | $73.8M | $0 | $10.0M |
| Payments on Wintrust Revolving Loan | -$73.8M | $0 | $0 |
| Payment of contingent consideration liability up to acquisition-date fair value | -$3.5M | -$1.3M | -$1.8M |
| Payments on finance leases | -$4.4M | -$3.0M | -$2.7M |
| Proceeds from contributions to employee stock purchase plan | $653.0K | $440.0K | $368.0K |
| Proceeds from the sale of shares to cover employee taxes | $6.3M | $0 | $0 |
| Taxes paid related to net-share settlement of equity awards | -$10.7M | -$5.2M | -$847.0K |
| Payments of debt issuance costs | -$168.0K | $0 | -$50.0K |
| Net cash used in financing activities | -$11.7M | -$9.1M | -$16.5M |
| (Decrease) increase in cash, cash equivalents and restricted cash | -$33.6M | -$14.9M | $23.8M |
| Right of use assets obtained in exchange for new operating lease liabilities | $2.4M | $4.8M | $3.1M |
| Right of use assets obtained in exchange for new finance lease liabilities | $13.5M | $7.6M | $5.2M |
| Right of use assets disposed or adjusted modifying operating leases liabilities | $0 | $1.3M | $1.1M |
| Right of use assets disposed or adjusted modifying finance leases liabilities | $49.0K | $0 | -$93.0K |
| Interest paid | $3.1M | $1.9M | $1.9M |
| Cash paid for income taxes | $7.3M | $8.5M | $9.2M |
No quarter-by-quarter statement was filed.
Leadership
Who has led Limbach Holdings, and when. Pick a name to see everywhere that person has worked.
President
Chief financial officer
Chief operating officer
201520202025
- Chief executive officerMichael M. McCann Aug 23, 2023 to now12
- Chief executive officerCharles A. Bacon Iii. Jul 22, 2016 to May 16, 202313
- Chief executive officerGordon G. Pratt Jul 15, 2014 to Jul 11, 201614
- PresidentJay Sharp Mar 31, 2023 to now15
- PresidentNicholas Angerosa Mar 31, 2023 to now16
- PresidentCharles A. Bacon Iii. Jul 22, 2016 to May 16, 202313
- PresidentGordon G. Pratt Jul 15, 2014 to Jul 11, 201614
- Chief financial officerJayme L. Brooks Oct 1, 2019 to now17
- Chief financial officerJohn T. Jordan Jr. Jul 22, 2016 to Aug 5, 201918
- Chief financial officerHassan Baqar Jul 15, 2014 to Feb 10, 201519
- Chief operating officerMichael M. McCann Jan 10, 2019 to Mar 10, 202320
- Chief operating officerKristopher L. Thorne Mar 1, 2019 to Mar 1, 201921
Board members and other officers (22)
- Executive Vice PresidentJay Sharp Mar 4, 2026 to now22
- Executive Vice PresidentNicholas Angerosa Mar 4, 2026 to now23
- OfficerJohn T. Jordan Jr. Dec 10, 2019 to Dec 10, 201924
- Chief Operations OfficerKristopher L. Thorne Jul 22, 2016 to Dec 10, 201925
- OfficerHassan Baqar Aug 4, 2016 to Aug 4, 201626
- Board memberTerence Patrick Dugan Jan 16, 2026 to now27
- Board memberMichael M. McCann Jan 3, 2024 to now28
- Board memberDavid Richard Gaboury Jun 17, 2024 to now29
- Board memberLinda G. Alvarado Sep 1, 2021 to now30
- Board memberBradley C. Palmer Dec 16, 2021 to Nov 22, 202231
- Board memberKyle Cerminara Mar 25, 2019 to Mar 31, 202032
- Board memberLaurel J. Krzeminski Jun 4, 2018 to now33
- Board memberMichael F. McNally Sep 8, 2017 to now34
- Board memberCharles A. Bacon Iii. Jul 22, 2016 to Jun 26, 202313
- Board memberDavid S. Gellman Jul 22, 2016 to Sep 21, 201835
- Board memberNorbert W. Young Jul 22, 2016 to May 15, 202436
- Board memberGordon G. Pratt Jul 15, 2014 to Jan 3, 202514
- Board memberHassan Baqar Jul 15, 2014 to Aug 4, 201619
- Board memberJoshua Horowitz Jul 15, 2014 to now37
- Board memberLarry G. Swets Jr. Jul 15, 2014 to Aug 30, 202138
- Board memberLeo Christopher Saenger Iii. Jul 15, 2014 to Feb 10, 201539
- Board memberThomas D. Sargent Jul 15, 2014 to Feb 10, 201540
Former names
- 1347 Capital CorpMay 5, 2014 to Jul 18, 20163
Timeline
Filings
257 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 48 major events, 129 insider forms, 28 large holders, 32 other. The latest 20:
- Sep 17, 20264 EDGAR
- Sep 16, 20264 EDGAR
- Sep 16, 20264 EDGAR
- Sep 15, 2026144 EDGAR
- Sep 15, 20264 OWNERSHIP DOCUMENT EDGAR
- Sep 9, 20268-K EDGAR
- Sep 1, 20268-K EDGAR
- Aug 12, 2026SCHEDULE 13G/A EDGAR
- Aug 4, 202610-Q EDGAR
- Aug 4, 20268-K EDGAR
- Jul 24, 20268-K EDGAR
- Jul 15, 2026SCHEDULE 13G/A EDGAR
- Jun 17, 20264 EDGAR
- Jun 15, 2026144 EDGAR
- Jun 11, 20268-K EDGAR
- May 20, 20264 EDGAR
- May 20, 20263 EDGAR
- May 18, 20268-K EDGAR
- May 14, 2026SCHEDULE 13G/A EDGAR
- May 5, 20268-K EDGAR
The 257 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 28 such filings since October 2021, the latest 10:
- Aug 12, 2026SCHEDULE 13G/A
- Jul 15, 2026SCHEDULE 13G/A
- May 14, 2026SCHEDULE 13G/A
- Apr 24, 2026SCHEDULE 13G/A
- Mar 27, 2026SCHEDULE 13G/A
- Feb 10, 2026SCHEDULE 13G/A
- Nov 5, 2025SCHEDULE 13G
- Oct 7, 2025SCHEDULE 13G
- Aug 14, 2025SCHEDULE 13G
- Aug 13, 2025SCHEDULE 13G
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Links
- Websitewww.limbachinc.com1
- X (Twitter)x.com/limbachinc1
- Facebookwww.facebook.com/limbachinc1
- LinkedInwww.linkedin.com/company/limbach-company1
- WikidataQ120946412
- SEC EDGARCIK 1606163
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataLimbach Holdings on Wikidata
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- 15SEC EDGARJay Sharp, President
- 16SEC EDGARNicholas Angerosa, President
- 17
- 18
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- 20
- 21
- 22SEC EDGARJay Sharp, Executive Vice President
- 23
- 24SEC EDGARJohn T. Jordan Jr., Officer
- 25
- 26SEC EDGARHassan Baqar, Officer
- 27SEC EDGARTerence Patrick Dugan, Board member
- 28SEC EDGARMichael M. McCann, Board member
- 29SEC EDGARDavid Richard Gaboury, Board member
- 30SEC EDGARLinda G. Alvarado, Board member
- 31SEC EDGARBradley C. Palmer, Board member
- 32SEC EDGARKyle Cerminara, Board member
- 33SEC EDGARLaurel J. Krzeminski, Board member
- 34SEC EDGARMichael F. McNally, Board member
- 35SEC EDGARDavid S. Gellman, Board member
- 36SEC EDGARNorbert W. Young, Board member
- 37SEC EDGARJoshua Horowitz, Board member
- 38SEC EDGARLarry G. Swets Jr., Board member
- 39
- 40SEC EDGARThomas D. Sargent, Board member