LMB vs. VRNS

Last updated Apr 1, 2026

Compare and contrast key facts about Limbach Holdings, Inc. (LMB) and Varonis Systems, Inc. (VRNS).

Performance

LMB vs. VRNS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Limbach Holdings, Inc. (LMB) and Varonis Systems, Inc. (VRNS). The values are adjusted to include any dividend payments, if applicable.

LMB vs. VRNS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LMB Limbach Holdings, Inc.	0.26%	-8.99%	88.12%	336.79%	15.67%	-27.01%	226.19%	2.72%	-73.39%	-1.91%
VRNS Varonis Systems, Inc.	-34.54%	-26.18%	-1.88%	89.14%	-50.92%	-10.56%	110.54%	46.90%	8.96%	81.16%

Fundamentals

EPS LMB : $3.02 VRNS : -$0.84
PS Ratio LMB : 1.57 VRNS : 3.94
Total Revenue (TTM) LMB : $603.58M VRNS : $623.53M
Gross Profit (TTM) LMB : $162.40M VRNS : $491.56M
EBITDA (TTM) LMB : $64.27M VRNS : -$113.83M

Returns By Period

In the year-to-date period, LMB achieves a 0.26% return, which is significantly higher than VRNS's -34.54% return. Over the past 10 years, LMB has outperformed VRNS with an annualized return of 22.95%, while VRNS has yielded a comparatively lower 13.40% annualized return.

LMB

• 1D: 0.83%
• 1M: -14.62%
• YTD: 0.26%
• 6M: -19.64%
• 1Y: 4.81%
• 3Y*: 65.24%
• 5Y*: 49.76%
• 10Y*: 22.95%

VRNS

• 1D: 1.42%
• 1M: -7.06%
• YTD: -34.54%
• 6M: -62.64%
• 1Y: -46.92%
• 3Y*: -6.19%
• 5Y*: -16.60%
• 10Y*: 13.40%

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

Return for Risk

LMB vs. VRNS — Risk / Return Rank

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

LMB

LMB Risk / Return Rank: 43
LMB Sharpe Ratio Rank: 45
LMB Sortino Ratio Rank: 43
LMB Omega Ratio Rank: 42
LMB Calmar Ratio Rank: 43
LMB Martin Ratio Rank: 43

VRNS

VRNS Risk / Return Rank: 14
VRNS Sharpe Ratio Rank: 11
VRNS Sortino Ratio Rank: 17
VRNS Omega Ratio Rank: 11
VRNS Calmar Ratio Rank: 16
VRNS Martin Ratio Rank: 13

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.

LMB vs. VRNS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Limbach Holdings, Inc. (LMB) and Varonis Systems, Inc. (VRNS). 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.

	LMB	VRNS	Difference
Sharpe ratio Return per unit of total volatility	0.09	-0.73	+0.82
Sortino ratio Return per unit of downside risk	0.50	-0.64	+1.14
Omega ratio Gain probability vs. loss probability	1.06	0.86	+0.20
Calmar ratio Return relative to maximum drawdown	0.04	-0.73	+0.77
Martin ratio Return relative to average drawdown	0.07	-1.39	+1.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LMB vs. VRNS - Sharpe Ratio Comparison

The current LMB Sharpe Ratio is 0.09, which is higher than the VRNS Sharpe Ratio of -0.73. The chart below compares the historical Sharpe Ratios of LMB and VRNS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LMB	VRNS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.09	-0.73	+0.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	-0.32	+1.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	0.29	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.06	+0.31

Correlation

The correlation between LMB and VRNS is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

LMB vs. VRNS - Dividend Comparison

Neither LMB nor VRNS has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

LMB vs. VRNS - Drawdown Comparison

The maximum LMB drawdown since its inception was -84.10%, which is greater than VRNS's maximum drawdown of -78.19%. Use the drawdown chart below to compare losses from any high point for LMB and VRNS.

Drawdown Indicators

	LMB	VRNS	Difference
Max Drawdown Largest peak-to-trough decline	-84.10%	-78.19%	-5.91%
Max Drawdown (1Y) Largest decline over 1 year	-55.92%	-66.70%	+10.78%
Max Drawdown (5Y) Largest decline over 5 years	-55.97%	-78.19%	+22.22%
Max Drawdown (10Y) Largest decline over 10 years	-84.10%	-78.19%	-5.91%
Current Drawdown Current decline from peak	-47.80%	-70.75%	+22.95%
Average Drawdown Average peak-to-trough decline	-31.40%	-36.94%	+5.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.49%	34.72%	-1.23%

Volatility

LMB vs. VRNS - Volatility Comparison

Limbach Holdings, Inc. (LMB) has a higher volatility of 16.41% compared to Varonis Systems, Inc. (VRNS) at 10.59%. This indicates that LMB's price experiences larger fluctuations and is considered to be riskier than VRNS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LMB	VRNS	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.41%	10.59%	+5.82%
Volatility (6M) Calculated over the trailing 6-month period	38.46%	75.77%	-37.31%
Volatility (1Y) Calculated over the trailing 1-year period	55.96%	64.46%	-8.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.34%	52.06%	+8.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.80%	47.11%	+14.69%

Financials

LMB vs. VRNS - Profitability Comparison

The chart below illustrates the profitability comparison between Limbach Holdings, Inc. and Varonis Systems, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

LMB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Limbach Holdings, Inc. reported a gross profit of 42.29M and revenue of 184.58M. Therefore, the gross margin over that period was 22.9%.

VRNS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Varonis Systems, Inc. reported a gross profit of 136.81M and revenue of 173.37M. Therefore, the gross margin over that period was 78.9%.

LMB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Limbach Holdings, Inc. reported an operating income of 13.66M and revenue of 184.58M, resulting in an operating margin of 7.4%.

VRNS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Varonis Systems, Inc. reported an operating income of -32.37M and revenue of 173.37M, resulting in an operating margin of -18.7%.

LMB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Limbach Holdings, Inc. reported a net income of 8.79M and revenue of 184.58M, resulting in a net margin of 4.8%.

VRNS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Varonis Systems, Inc. reported a net income of 5.47M and revenue of 173.37M, resulting in a net margin of 3.2%.