Limbach Holdings Inc (LMB) - Net Assets
Based on the latest financial reports, Limbach Holdings Inc (LMB) has net assets worth $195.66 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($381.13 Million) and total liabilities ($185.47 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check LMB asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $195.66 Million |
| % of Total Assets | 51.34% |
| Annual Growth Rate | 14.0% |
| 5-Year Change | 122.75% |
| 10-Year Change | 238.39% |
| Growth Volatility | 20.77 |
Limbach Holdings Inc - Net Assets Trend (2014–2025)
This chart illustrates how Limbach Holdings Inc's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Limbach Holdings Inc for the complete picture of this company's asset base.
Annual Net Assets for Limbach Holdings Inc (2014–2025)
The table below shows the annual net assets of Limbach Holdings Inc from 2014 to 2025. For live valuation and market cap data, see LMB market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $195.66 Million | +27.47% |
| 2024-12-31 | $153.49 Million | +26.94% |
| 2023-12-31 | $120.92 Million | +26.69% |
| 2022-12-31 | $95.44 Million | +8.66% |
| 2021-12-31 | $87.84 Million | +63.47% |
| 2020-12-31 | $53.73 Million | +14.64% |
| 2019-12-31 | $46.87 Million | +1.08% |
| 2018-12-31 | $46.37 Million | -17.38% |
| 2017-12-31 | $56.12 Million | -2.95% |
| 2016-12-31 | $57.82 Million | +25.85% |
| 2015-12-31 | $45.94 Million | -0.73% |
| 2014-12-31 | $46.28 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Limbach Holdings Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 10051475500.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $100.33 Million | 51.27% |
| Common Stock | $1.00K | 0.00% |
| Other Components | $95.33 Million | 48.72% |
| Total Equity | $195.66 Million | 100.00% |
Limbach Holdings Inc Competitors by Market Cap
The table below lists competitors of Limbach Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
China Reinsurance (Group) Corporation
F:C53
|
$980.80 Million |
|
Ningbo Peace Bird Fashion
SHG:603877
|
$980.92 Million |
|
Alphamin Resources Corp
F:21L
|
$980.92 Million |
|
ASBISc Enterprises PLC
WAR:ASB
|
$981.38 Million |
|
G R Infraprojects Limited
NSE:GRINFRA
|
$980.71 Million |
|
Ziel Home Furnishing Technology Co. Ltd. A
SHE:301376
|
$980.58 Million |
|
ProFrac Holding Corp.
NASDAQ:ACDC
|
$980.32 Million |
|
PixArt Imaging
TWO:3227
|
$980.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Limbach Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 153,491,000 to 195,661,000, a change of 42,170,000 (27.5%).
- Net income of 48,629,000 contributed positively to equity growth.
- New share issuances of 6,344,000 increased equity.
- Other factors decreased equity by 12,803,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $48.63 Million | +24.85% |
| Share Issuances | $6.34 Million | +3.24% |
| Other Changes | $-12.80 Million | -6.54% |
| Total Change | $- | 27.47% |
Book Value vs Market Value Analysis
This analysis compares Limbach Holdings Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 6.14x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 3.96x to 6.14x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | $25.05 | $99.17 | x |
| 2015-12-31 | $7.72 | $99.17 | x |
| 2016-12-31 | $7.74 | $99.17 | x |
| 2017-12-31 | $7.51 | $99.17 | x |
| 2018-12-31 | $6.13 | $99.17 | x |
| 2019-12-31 | $6.12 | $99.17 | x |
| 2020-12-31 | $6.66 | $99.17 | x |
| 2021-12-31 | $8.58 | $99.17 | x |
| 2022-12-31 | $8.94 | $99.17 | x |
| 2023-12-31 | $10.24 | $99.17 | x |
| 2024-12-31 | $12.76 | $99.17 | x |
| 2025-12-31 | $16.16 | $99.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Limbach Holdings Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 24.85%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.52%
- • Asset Turnover: 1.70x
- • Equity Multiplier: 1.95x
- Recent ROE (24.85%) is above the historical average (6.93%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -0.55% | 0.00% | 0.00x | 1.00x | $-4.88 Million |
| 2015 | -0.74% | -0.10% | 7.17x | 1.01x | $-4.93 Million |
| 2016 | 3.23% | 0.42% | 2.16x | 3.58x | $-3.91 Million |
| 2017 | 1.27% | 0.15% | 2.28x | 3.80x | $-4.90 Million |
| 2018 | -3.98% | -0.34% | 2.15x | 5.47x | $-6.48 Million |
| 2019 | -3.79% | -0.32% | 2.12x | 5.58x | $-6.46 Million |
| 2020 | 10.81% | 1.02% | 2.17x | 4.88x | $433.80K |
| 2021 | 7.64% | 1.37% | 1.83x | 3.05x | $-2.07 Million |
| 2022 | 7.12% | 1.37% | 1.69x | 3.09x | $-2.75 Million |
| 2023 | 17.16% | 4.02% | 1.70x | 2.52x | $8.66 Million |
| 2024 | 20.12% | 5.95% | 1.47x | 2.29x | $15.53 Million |
| 2025 | 24.85% | 7.52% | 1.70x | 1.95x | $29.06 Million |
Industry Comparison
This section compares Limbach Holdings Inc's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $172,630,929
- Average return on equity (ROE) among peers: -6.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Limbach Holdings Inc (LMB) | $195.66 Million | -0.55% | 0.95x | $980.72 Million |
| AAON Inc (AAON) | $24.41 Million | 21.42% | 1.07x | $7.43 Billion |
| Antelope Enterprise Holdings Ltd (AEHL) | $49.56 Million | -179.09% | 2.59x | $624.30K |
| Montana Technologies Corporation (AIRJ) | $284.10 Million | -0.98% | 0.04x | $212.76 Million |
| Apogee Enterprises Inc (APOG) | $396.41 Million | 26.26% | 1.31x | $780.82 Million |
| Alpha Pro Tech Ltd (APT) | $8.90 Million | 8.83% | 0.34x | $44.96 Million |
| Arlo Technologies (ARLO) | $112.65 Million | -49.74% | 2.08x | $1.44 Billion |
| Aspen Aerogels Inc (ASPN) | $67.85 Million | -17.47% | 0.44x | $291.74 Million |
| Armstrong World Industries Inc (AWI) | $261.20 Million | 76.03% | 6.17x | $7.27 Billion |
| Azek Company Inc (AZEK) | $490.02 Million | -4.12% | 2.65x | $7.82 Billion |
| Builders FirstSource Inc (BLDR) | $31.20 Million | 58.17% | 17.40x | $8.37 Billion |
About Limbach Holdings Inc
Limbach Holdings, Inc. operates as a building systems solution company in the United States. The company operates through two segments, Owner Direct Relationships and General Contractor Relationships. It engages in the construction or renovation projects that involve primarily include mechanical, electrical, plumbing, and controls services (MEPC). It also provides professional and consultative se… Read more