BBW vs. LMB

Last updated Jun 24, 2026

BBW (Build-A-Bear Workshop, Inc.) and LMB (Limbach Holdings, Inc.) are both stocks. BBW operates in Specialty Retail (Consumer Cyclical), while LMB operates in Engineering & Construction (Industrials). Over the past 10 years, BBW returned 10.36%/yr vs 23.52%/yr for LMB. At a 0.15 correlation, their price movements are largely independent.

Performance

BBW vs. LMB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Build-A-Bear Workshop, Inc. (BBW) and Limbach Holdings, Inc. (LMB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBW achieves a -49.50% return, which is significantly lower than LMB's 4.62% return. Over the past 10 years, BBW has underperformed LMB with an annualized return of 10.36%, while LMB has yielded a comparatively higher 23.52% annualized return.

BBW

• 1D: -3.30%
• 1M: -16.80%
• YTD: -49.50%
• 6M: -46.38%
• 1Y: -40.08%
• 3Y*: 17.82%
• 5Y*: 14.81%
• 10Y*: 10.36%

LMB

• 1D: -0.38%
• 1M: 14.14%
• YTD: 4.62%
• 6M: 0.88%
• 1Y: -42.30%
• 3Y*: 53.86%
• 5Y*: 53.85%
• 10Y*: 23.52%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BBW vs. LMB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BBW Build-A-Bear Workshop, Inc.	-49.50%	35.39%	105.62%	2.79%	22.13%	385.45%	31.79%	-17.97%	-57.07%	-33.09%
LMB Limbach Holdings, Inc.	4.62%	-8.99%	88.12%	336.79%	15.67%	-27.01%	226.19%	2.72%	-73.39%	-1.91%

Correlation

The correlation between BBW and LMB is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (10Y) Calculated over the trailing 10-year period	0.15
Correlation (All Time) Calculated using the full available price history since Jan 21, 2016	0.15

The correlation between BBW and LMB shifts across timeframes, from 0.10 (1 year) to 0.21 (3 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BBW : $388.77M LMB : $982.91M
EPS BBW : $4.25 LMB : $2.75
PE Ratio BBW : 7.23 LMB : 29.66
PEG Ratio BBW : 1.03 LMB : 0.41
PS Ratio BBW : 0.76 LMB : 1.51
PB Ratio BBW : 2.44 LMB : 5.01
Total Revenue (TTM) BBW : $526.71M LMB : $652.56M
Gross Profit (TTM) BBW : $302.52M LMB : $163.77M
EBITDA (TTM) BBW : $82.42M LMB : $58.72M

Return for Risk

BBW vs. LMB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBW

BBW Risk / Return Rank: 13
BBW Sharpe Ratio Rank: 10
BBW Sortino Ratio Rank: 12
BBW Omega Ratio Rank: 13
BBW Calmar Ratio Rank: 17
BBW Martin Ratio Rank: 14

LMB

LMB Risk / Return Rank: 17
LMB Sharpe Ratio Rank: 15
LMB Sortino Ratio Rank: 19
LMB Omega Ratio Rank: 18
LMB Calmar Ratio Rank: 13
LMB Martin Ratio Rank: 20

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBW vs. LMB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Build-A-Bear Workshop, Inc. (BBW) and Limbach Holdings, Inc. (LMB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BBW	LMB	Difference
Sharpe ratio: Return per unit of total volatility	-0.79	-0.64	-0.15
Sortino ratio: Return per unit of downside risk	-1.02	-0.60	-0.43
Omega ratio: Gain probability vs. loss probability	0.88	0.92	-0.04
Calmar ratio: Return relative to maximum drawdown	-0.68	-0.76	+0.08
Martin ratio: Return relative to average drawdown	-1.22	-1.07	-0.15

BBW vs. LMB - Sharpe Ratio Comparison

The current BBW Sharpe Ratio is -0.79, which is comparable to the LMB Sharpe Ratio of -0.64. The chart below compares the historical Sharpe Ratios of BBW and LMB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BBW vs. LMB - Drawdown Comparison

The maximum BBW drawdown since its inception was -97.24%, which is greater than LMB's maximum drawdown of -84.10%. Use the drawdown chart below to compare losses from any high point for BBW and LMB.

Drawdown Indicators

	BBW	LMB	Difference
Max Drawdown Largest peak-to-trough decline	-97.24%	-84.10%	-13.14%
Max Drawdown (1Y) Largest decline over 1 year	-58.91%	-55.92%	-2.99%
Max Drawdown (3Y) Largest decline over 3 years	-58.91%	-55.92%	-2.99%
Max Drawdown (5Y) Largest decline over 5 years	-58.91%	-55.92%	-2.99%
Max Drawdown (10Y) Largest decline over 10 years	-93.40%	-84.10%	-9.30%
Current Drawdown Current decline from peak	-58.91%	-45.53%	-13.38%
Average Drawdown Average peak-to-trough decline	-59.69%	-31.66%	-28.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.86%	39.63%	-6.77%

Volatility

BBW vs. LMB - Volatility Comparison

The current volatility for Build-A-Bear Workshop, Inc. (BBW) is 11.43%, while Limbach Holdings, Inc. (LMB) has a volatility of 16.58%. This indicates that BBW experiences smaller price fluctuations and is considered to be less risky than LMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBW	LMB	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.43%	16.58%	-5.15%
Volatility (6M) Calculated over the trailing 6-month period	31.50%	56.71%	-25.21%
Volatility (1Y) Calculated over the trailing 1-year period	50.78%	66.18%	-15.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.93%	62.74%	-6.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.85%	63.32%	+2.53%

Dividends

BBW vs. LMB - Dividend Comparison

BBW's dividend yield for the trailing twelve months is around 2.89%, while LMB has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
BBW Build-A-Bear Workshop, Inc.	2.89%	1.44%	1.74%	6.52%	0.00%	6.40%
LMB Limbach Holdings, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

BBW vs. LMB - Profitability Comparison

The chart below illustrates the profitability comparison between Build-A-Bear Workshop, Inc. and Limbach Holdings, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BBW - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Build-A-Bear Workshop, Inc. reported a gross profit of 79.87M and revenue of 125.27M. Therefore, the gross margin over that period was 63.8%.

LMB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Limbach Holdings, Inc. reported a gross profit of 31.17M and revenue of 138.86M. Therefore, the gross margin over that period was 22.5%.

BBW - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Build-A-Bear Workshop, Inc. reported an operating income of 23.75M and revenue of 125.27M, resulting in an operating margin of 19.0%.

LMB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Limbach Holdings, Inc. reported an operating income of 1.13M and revenue of 138.86M, resulting in an operating margin of 0.8%.

BBW - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Build-A-Bear Workshop, Inc. reported a net income of 18.30M and revenue of 125.27M, resulting in a net margin of 14.6%.

LMB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Limbach Holdings, Inc. reported a net income of 4.38M and revenue of 138.86M, resulting in a net margin of 3.2%.

Frequently Asked Questions

Can I hold both BBW and LMB in my portfolio?

BBW and LMB have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBW or LMB?

LMB has higher volatility (16.58%) compared to BBW (11.43%). In terms of maximum drawdown, BBW dropped -97.24% vs LMB's -84.10%.

Which has better risk-adjusted returns?

LMB currently has the higher Sharpe Ratio (-0.64 vs -0.79), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.