Limbach Holdings, Inc. operates as a building systems solution company in the United States. It operates through two segments, General Contractor Relationships and Owner Direct Relationships. The company engages in the construction and renovation projects that involve primarily include mechanical, electrical, and plumbing services. It also provides professional and consultative services; replacements and retrofit solutions; rental equipment solutions; maintenance and …
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Competitive advantage assessment
Key strengths
ROIC Sustainably Above PeersROIC at 87.5th percentile exceeds peers and WACC, demonstrating superior capital allocation.
Margins Stable Across CyclesOperating margin volatility is low (stability score 0.73), demonstrating pricing resilience across cycles.
Key risks
Liquidity ConcernsLiquidity is concerning (score 0.19), raising questions about short-term obligations.
Limbach Holdings, Inc. ranks #12 of 35
scored companies in Building Products & Equipment by moat score — the top 34%.
The widest moat in the group is Armstrong World Industries Inc (AWI)
at 83/100.
Moat scores for companies ranked near LMB in Building Products & Equipment
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 55
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 53
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 82
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 55
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 57
· 15% of the moat score
Scale matters only when it converts into economics.
Limbach Holdings, Inc. (LMB) scores 60 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #12 of 35 scored companies in Building Products & Equipment, the top 34%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 34 companies in Building Products & Equipment. Its strongest defense is Capital Efficiency (82/100) and its weakest is Customer Stickiness (53/100).
How does Limbach Holdings, Inc. compare with other Building Products & Equipment companies?
Limbach Holdings, Inc. ranks #12 of 35 scored companies in Building Products & Equipment by moat score. The widest moat in Building Products & Equipment is Armstrong World Industries Inc (AWI) at 83/100. The companies ranked closest are Johnson Controls International (JCI) at 61 just above it and Janus International Group, Inc. (JBI) at 59 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 34 companies in Building Products & Equipment. The defenses are then weighted to produce the overall score out of 100.
Why is Limbach Holdings, Inc. scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Limbach Holdings, Inc.?
The Corporate Default template measures 6 defenses, and LMB scores: Pricing Power (53), Cost Advantage (55), Customer Stickiness (53), Capital Efficiency (82), Resilience (55), Scale & Market Position (57). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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