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Companies / Industrials / Limbach Holdings, Inc.
LMB

Limbach Holdings, Inc.

IndustrialsConstruction
Ticker LMBTAMPA, FLFiscal year ends DecemberBook value per share $16.86Diluted shares 12.0M

Limbach Holdings, Inc. (NASDAQ: LMBH) is a building systems solutions firm headquartered in Warrendale, Pennsylvania that designs, delivers, and maintains mechanical, electrical, plumbing, and controls (MEPC) systems for mission-critical facilities. The company operates through two primary segments: Owner Direct… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$646.80M
+24.7% year over year
Last 12 mo $683.77M
7.65%
+0.2 percentage points
Last 12 mo 5.75%
$39.06M
+26.5% year over year
Last 12 mo $30.22M
19.97%
−0.2 percentage points
Last 12 mo 14.87%
Cash & financing
$45.70M
+24.2% year over year
Last 12 mo $52.39M
$41.89M
+43.2% year over year
Last 12 mo $50.61M
0.18
Was 0.18× a year earlier
Last 12 mo 0.20
12.1M
+0.4% year over year
Last 12 mo 12.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Limbach Holdings, Inc. does

In the company’s own words

Limbach Holdings, Inc. (NASDAQ: LMBH) is a building systems solutions firm headquartered in Warrendale, Pennsylvania that designs, delivers, and maintains mechanical, electrical, plumbing, and controls (MEPC) systems for mission-critical facilities. The company operates through two primary segments: Owner Direct Relationships (ODR) and General Contractor Relationships (GCR). The ODR segment, which generated approximately 75 percent of consolidated revenue in 2025, focuses on direct relationships with building owners through integrated facility planning, service and maintenance, equipment replacements and retrofits, rental equipment solutions, MEPC infrastructure upgrades, and energy efficiency and decarbonization services. The GCR segment provides new construction and renovation project services through plan and specification bidding and design-build or design-assist methodologies, representing approximately 25 percent of revenue.

The company serves customers across healthcare, industrial and manufacturing, data centers, life sciences, higher education, and cultural and entertainment markets. With approximately 1,500 team members across 21 offices throughout the Eastern and Midwestern regions of the United States, Limbach generated record annual revenue of $646.8 million in 2025. The company maintains hundreds of building owner relationships and has no single customer representing more than 10 percent of consolidated revenue in either segment, providing significant diversification.

Limbach's competitive positioning rests on its breadth of integrated solutions, emphasis on safety and quality, technical expertise in complex systems, and ability to serve as a single-source provider across the full lifecycle of building system needs. The company pursues a three-pillar growth strategy focused on organic ODR expansion, improved GCR segment margins through selective project pursuit, and disciplined acquisitions. Recent acquisitions including Pioneer Power, Consolidated Mechanical, and Kent Island Mechanical have expanded the company's geographic footprint and service capabilities. The company's website is www.limbachholdings.com.

Company details
Sector
Industrials
Industry
Construction
Headquarters
TAMPA, FL
Fiscal year end
December
CIK
1606163
SIC
1700

Financial performance, year by year

Fiscal 2015–2025 · USD
$-70.41M$135.28M$340.96M$546.65M$752.33M2015201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Limbach Holdings, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

210
funds hold it
0 of 35
superinvestors hold it
$386.46M
held by funds, at market
38.4%
of shares held by funds

Largest fund holders · Limbach Holdings, Inc.’s weight in each

THRIVENT SMALL CAP STOCK FUND
AASMX · Thrivent Mutual Funds
1.23%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.03%of fund net assets
Thrivent Small-Mid Cap Equity ETF
TSME · Thrivent ETF Trust
2.11%of fund net assets
Fidelity Small Cap Index Fund
FSSNX · Fidelity Salem Street Trust
0.03%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Limbach Holdings, Inc. and its peers compare on margins and cash generation over ten years?”
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