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Ameresco vs Limbach Holdings: AMRC and LMB compared
Ameresco is the larger company: $515M of revenue in its latest quarter (Q2 2026) against $230M for Limbach Holdings (Q3 2026). Limbach Holdings is growing faster (+25% against +9% a year earlier). Ameresco is more profitable, with an operating margin of 8.6% against 6.5%.
Where the money goes: AMRC and LMB
Ameresco (AMRC) · Q2 2026
Ameresco, Q2 2026: revenue $515M (+9% year over year), operating margin 8.6%, net earnings $9.7M, operating cash flow −$107M. The chart follows the revenue to costs, profit and cash.
Limbach Holdings (LMB) · Q3 2026
Limbach Holdings, Q3 2026: revenue $230M (+25% year over year), operating margin 6.5%, net earnings $9.4M, operating cash flow $20.3M. The chart follows the revenue to costs, profit and cash.
| Ameresco (AMRC) | Limbach Holdings (LMB) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $515M | $230M |
| Revenue growth, Y/Y | +9% | +25% |
| Gross margin | 17.7% | 23.4% |
| Operating margin | 8.6% | 6.5% |
| Net earnings | $9.7M | $9.4M |
| Net margin | 1.9% | 4.1% |
| Operating cash flow | −$107M | $20.3M |
| Free cash flow | — | $19.5M |
| Market value | $1.2B | $615M |
| P/E | 21.3× | 20.1× |
| Analysts’ mean target | $41.40 | $76.00 |
Where the revenue comes from
Ameresco
- North America Regions: $197M (38%)
- Europe: $156M (30%)
- U.S. Federal: $92.6M (18%)
- Renewable Fuels: $54.2M (11%)
Questions
Which is bigger, Ameresco or Limbach Holdings?
Ameresco is the larger company: $515M of revenue in its latest quarter (Q2 2026) against $230M for Limbach Holdings (Q3 2026).
Is Ameresco or Limbach Holdings growing faster?
Limbach Holdings is growing faster (+25% against +9% a year earlier).
Which is more profitable, Ameresco or Limbach Holdings?
Ameresco is more profitable, with an operating margin of 8.6% against 6.5%.
More: Ameresco earnings · how Ameresco makes money · Limbach Holdings earnings · how Limbach Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 4, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.