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Legence vs Limbach: revenue, profit, margins and growth compared

Legence brought in $2.6B of revenue in fiscal 2025, Limbach $646.8M in fiscal 2025. Revenue changed by +21.5% at Legence and +24.7% at Limbach on the year before, so Limbach grew faster. Legence kept -2.3% of its revenue as net profit, Limbach 6.0%. Free cash flow was $218.9M at Legence and $41.9M at Limbach.

Side by side, latest fiscal year

LGNLMB
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$2.6B$646.8M
Revenue growth+21.5%+24.7%
Net income-$59.8M$39.1M
Net margin-2.3%6.0%
Free cash flow$218.9M$41.9M
Free cash flow margin8.6%6.5%
Earnings per share (diluted)n/a$3.23
Cash$230.2M$11.3M
Debt$829.1M$5M
Price to earningsn/a15.9
Market value$5.7B$613.9M
Dividend yieldn/an/a
Rank by revenue in sector#318 of 778 · Consumer discretionary#530 of 778 · Consumer discretionary

Over the years

Revenue
LGN FY2023: $1.6BLGN FY2025: $2.1BLGN FY2025: $2.6BLMB FY2018: $546.5MLMB FY2019: $553.3MLMB FY2020: $568.2MLMB FY2021: $490.4MLMB FY2022: $496.8MLMB FY2023: $516.4MLMB FY2024: $518.8MLMB FY2025: $646.8MFY18FY19FY20FY21FY22FY23FY24FY25
LGN $2.6BLMB $646.8M
Net income
LGN FY2023: -$46MLGN FY2025: -$28.6MLGN FY2025: -$59.8MLMB FY2018: -$1.8MLMB FY2019: -$1.8MLMB FY2020: $5.8MLMB FY2021: $6.7MLMB FY2022: $6.8MLMB FY2023: $20.8MLMB FY2024: $30.9MLMB FY2025: $39.1MFY18FY19FY20FY21FY22FY23FY24FY25
LGN -$59.8MLMB $39.1M
Net margin
LGN FY2023: -2.8%LGN FY2025: -1.4%LGN FY2025: -2.3%LMB FY2018: -0.3%LMB FY2019: -0.3%LMB FY2020: 1.0%LMB FY2021: 1.4%LMB FY2022: 1.4%LMB FY2023: 4.0%LMB FY2024: 6.0%LMB FY2025: 6.0%FY18FY19FY20FY21FY22FY23FY24FY25
LGN -2.3%LMB 6.0%
Revenue growth
LGN FY2025: +29.9%LGN FY2025: +21.5%LMB FY2019: +1.2%LMB FY2020: +2.7%LMB FY2021: -13.7%LMB FY2022: +1.3%LMB FY2023: +3.9%LMB FY2024: +0.5%LMB FY2025: +24.7%FY19FY20FY21FY22FY23FY24FY25
LGN +21.5%LMB +24.7%
Free cash flow
LGN FY2023: $16.8MLGN FY2025: $10.3MLGN FY2025: $218.9MLMB FY2018: $21.4MLMB FY2019: -$3.6MLMB FY2020: $38.3MLMB FY2021: -$25MLMB FY2022: $34.4MLMB FY2023: $55.1MLMB FY2024: $29.3MLMB FY2025: $41.9MFY18FY19FY20FY21FY22FY23FY24FY25
LGN $218.9MLMB $41.9M

Fiscal years as each company reports them; the two may end in different months.

Questions about Legence and Limbach

Which is bigger by revenue, Legence or Limbach?

Legence is bigger by revenue: $2.6B in fiscal 2025, against $646.8M for Limbach in fiscal 2025.

Which keeps more of its revenue as profit, Legence or Limbach?

Legence had a net margin of -2.3% in fiscal 2025; Limbach had 6.0% in fiscal 2025.

Which grew revenue faster, Legence or Limbach?

In their latest fiscal years revenue changed by +21.5% at Legence and +24.7% at Limbach.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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