Limbach Holdings, Inc. (LMB) FY2025 10-K Annual Report
Limbach Holdings, Inc. (LMB) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Mar 2, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Limbach Holdings, Inc. FY2025 10-K Analysis
Business Overview
- • Core business: Design, delivery, and maintenance of MEPC systems for mission-critical facilities in healthcare, industrial, data centers, life sciences, higher education, and entertainment
- • New emphasis: Expanded ODR segment revenue target achieved at 75.1% of total, with 40.6% YoY growth driven by acquisitions and organic growth
Management Discussion & Analysis
- • Revenue $646.8M, up 24.7% YoY; ODR $485.7M up 40.6%, GCR $161.1M down 7.0%
- • Operating income margin 7.6% vs 7.4%; Gross profit margin 26.2% vs 27.8% with ODR margin down to 26.7% from 31.2%
Risk Factors
- • Regulatory risk: Section 232 tariffs on steel and aluminum increased to 50% in June 2025, expanding scope and raising raw material costs for projects
- • Geopolitical/macroeconomic threat: U.S. government shutdown Oct 1–Nov 12, 2025 caused delays in federally sponsored projects, affecting timing but not material results
Limbach Holdings, Inc. FY2025 Key Financial MetricsXBRL
Revenue
$647M
▲ +24.7% YoY
Net Income
$39M
▲ +26.5% YoY
Gross Margin
26.2%
▼ -163bp YoY
Operating Margin
7.6%
▲ +20bp YoY
Net Margin
6.0%
▲ +9bp YoY
ROE
20.0%
▼ -15bp YoY
Total Assets
$381M
▲ +8.2% YoY
EPS (Diluted)
$3.23
▲ +25.7% YoY
Operating Cash Flow
$46M
▲ +24.2% YoY
Source: XBRL data from Limbach Holdings, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
Get deeper insights on Limbach Holdings, Inc.
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.