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Limbach Holdings vs Matrix Service: LMB and MTRX compared
Limbach Holdings is the larger company: $230M of revenue in its latest quarter (Q3 2026) against $219M for Matrix Service (Q1 FY27). Limbach Holdings is growing faster (+25% against +4% a year earlier). Limbach Holdings is more profitable, with an operating margin of 6.5% against 2.0%.
Where the money goes: LMB and MTRX
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.
Matrix Service (MTRX) · Q1 FY27
Matrix Service, Q1 FY27: revenue $219M (+4% year over year), operating margin 2.0%, net earnings $6.2M, operating cash flow −$37.0M. The chart follows the revenue to costs, profit and cash.
| Limbach Holdings (LMB) | Matrix Service (MTRX) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q1 FY27 |
| Revenue | $230M | $219M |
| Revenue growth, Y/Y | +25% | +4% |
| Gross margin | 23.4% | 8.2% |
| Operating margin | 6.5% | 2.0% |
| Net earnings | $9.4M | $6.2M |
| Net margin | 4.1% | 2.8% |
| Operating cash flow | $20.3M | −$37.0M |
| Free cash flow | $19.5M | — |
| Market value | $615M | — |
| P/E | 20.1× | — |
| Analysts’ mean target | $76.00 | — |
Where the revenue comes from
Matrix Service
- Storage and Terminal Solutions: $123M (56%)
- Utility and Power Infrastructure: $59.1M (27%)
- Process and Industrial Facilities: $37.4M (17%)
Questions
Which is bigger, Limbach Holdings or Matrix Service?
Limbach Holdings is the larger company: $230M of revenue in its latest quarter (Q3 2026) against $219M for Matrix Service (Q1 FY27).
Is Limbach Holdings or Matrix Service growing faster?
Limbach Holdings is growing faster (+25% against +4% a year earlier).
Which is more profitable, Limbach Holdings or Matrix Service?
Limbach Holdings is more profitable, with an operating margin of 6.5% against 2.0%.
More: Limbach Holdings earnings · how Limbach Holdings makes money · Matrix Service earnings · how Matrix Service makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.