LB
LandBridge Company LLC
Oil & Gas Equipment & Services
Market Cap$4.93B
5Y Perf.+176.3%
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Stock Comparison
LB vs BSM
Revenue, margins, valuation, and 5-year total return — side by side.
BSM
Black Stone Minerals, L.P.
Oil & Gas Exploration & Production
Market Cap$2.83B
5Y Perf.-14.8%
LB vs BSM — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | LB | BSM |
|---|---|---|
| Industry | Oil & Gas Equipment & Services | Oil & Gas Exploration & Production |
| Market Cap | $4.93B | $2.83B |
| Revenue (TTM) | $206M | $468M |
| Net Income (TTM) | $41M | $297M |
| Gross Margin | 69.1% | 78.0% |
| Operating Margin | 32.4% | 76.6% |
| Forward P/E | 45.7x | 14.7x |
| Total Debt | $692K | $154M |
| Cash & Equiv. | $31M | $1M |
LB vs BSM — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
LB
BSM
| Stock | Jun 24 | May 26 | Return |
|---|---|---|---|
| LandBridge Company … (LB) | 100 | 276.3 | +176.3% |
| Black Stone Mineral… (BSM) | 100 | 85.2 | -14.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: LB vs BSM
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: BSM leads in 6 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. LandBridge Company LLC is the stronger pick specifically for growth and revenue expansion. As sector peers, any of these can serve as alternatives in the same allocation.
LB
LandBridge Company LLC
The Growth Play
LB is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 81.1%, EPS growth 14.0%, 3Y rev CAGR 56.7%
- 179.0% 10Y total return vs BSM's 60.6%
- Lower volatility, beta 1.00, Low D/E 0.1%, current ratio 4.87x
Best for: growth exposure and long-term compounding
BSM
Black Stone Minerals, L.P.
The Income Pick
BSM carries the broadest edge in this set and is the clearest fit for income & stability and defensive.
- Dividend streak 0 yrs, beta 0.15, yield 10.1%
- Beta 0.15, yield 10.1%, current ratio 3.88x
- Lower P/E (14.7x vs 45.7x)
Best for: income & stability and defensive
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | LB | 81.1% revenue growth vs BSM's -3.9% |
| Value | BSM | Lower P/E (14.7x vs 45.7x) |
| Quality / Margins | BSM | 63.5% margin vs LB's 20.0% |
| Stability / Safety | BSM | Beta 0.15 vs LB's 1.00 |
| Dividends | BSM | 10.1% yield, vs LB's 3.6% |
| Momentum (1Y) | BSM | +7.3% vs LB's -17.4% |
| Efficiency (ROA) | BSM | 30.7% ROA vs LB's 3.4%, ROIC 16.1% vs 10.4% |
LB vs BSM — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2025
LB vs BSM — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLBSMLAGGINGLB
LBLandBridge Company LLC
1leads
BSMBlack Stone Minerals,…
5leads
6 Total Categories
CATEGORYLEADERvs LBMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
BSM5/6
Valuation MetricsMultiples, price ratios, and targets
BSM5/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
BSM5/9
Total Returns1Y, 3Y, 5Y total returns with dividends
LB5/6
Risk & VolatilityBeta, volatility, and downside exposure
BSM2/2
Analyst OutlookRatings, price targets, and dividends
BSM1/1
Income & Cash Flow (Last 12 Months)
BSM leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
BSM is the larger business by revenue, generating $468M annually — 2.3x LB's $206M. BSM is the more profitable business, keeping 63.5% of every revenue dollar as net income compared to LB's 20.0%. On growth, BSM holds the edge at +63.5% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | LBLandBridge Compan… | BSMBlack Stone Miner… |
|---|---|---|
| RevenueTrailing 12 months | $206M | $468M |
| EBITDAEarnings before interest/tax | $80M | $398M |
| Net IncomeAfter-tax profit | $41M | $297M |
| Free Cash FlowCash after capex | $166M | $161M |
| Gross MarginGross profit ÷ Revenue | +69.1% | +78.0% |
| Operating MarginEBIT ÷ Revenue | +32.4% | +76.6% |
| Net MarginNet income ÷ Revenue | +20.0% | +63.5% |
| FCF MarginFCF ÷ Revenue | +80.5% | +34.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | +16.0% | +63.5% |
| EPS Growth (YoY)Latest quarter vs prior year | -100.0% | -31.5% |
BSM leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
BSM leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
At 10.4x trailing earnings, BSM trades at a 82% valuation discount to LB's 59.2x P/E. On an enterprise value basis, BSM's 10.0x EV/EBITDA is more attractive than LB's 37.7x.
| Metric | LBLandBridge Compan… | BSMBlack Stone Miner… |
|---|---|---|
| Market CapShares × price | $4.9B | $2.8B |
| Enterprise ValueMkt cap + debt − cash | $4.9B | $3.0B |
| Trailing P/EPrice ÷ TTM EPS | 59.23x | 10.43x |
| Forward P/EPrice ÷ next-FY EPS est. | 45.71x | 14.67x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.49x |
| EV / EBITDAEnterprise value multiple | 37.71x | 9.99x |
| Price / SalesMarket cap ÷ Revenue | 24.77x | 6.71x |
| Price / BookPrice ÷ Book value/share | 2.24x | 2.51x |
| Price / FCFMarket cap ÷ FCF | 40.41x | 9.50x |
BSM leads this category, winning 5 of 6 comparable metrics.
Profitability & Efficiency
BSM leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
BSM delivers a 35.5% return on equity — every $100 of shareholder capital generates $35 in annual profit, vs $6 for LB. LB carries lower financial leverage with a 0.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to BSM's 0.14x. On the Piotroski fundamental quality scale (0–9), LB scores 9/9 vs BSM's 5/9, reflecting strong financial health.
| Metric | LBLandBridge Compan… | BSMBlack Stone Miner… |
|---|---|---|
| ROE (TTM)Return on equity | +5.5% | +35.5% |
| ROA (TTM)Return on assets | +3.4% | +30.7% |
| ROICReturn on invested capital | +10.4% | +16.1% |
| ROCEReturn on capital employed | +10.1% | +20.9% |
| Piotroski ScoreFundamental quality 0–9 | 9 | 5 |
| Debt / EquityFinancial leverage | 0.00x | 0.14x |
| Net DebtTotal debt minus cash | -$30M | $153M |
| Cash & Equiv.Liquid assets | $31M | $1M |
| Total DebtShort + long-term debt | $692,000 | $154M |
| Interest CoverageEBIT ÷ Interest expense | 2.90x | 40.14x |
BSM leads this category, winning 5 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
LB leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in LB five years ago would be worth $27,901 today (with dividends reinvested), compared to $19,469 for BSM. Over the past 12 months, BSM leads with a +7.3% total return vs LB's -17.4%. The 3-year compound annual growth rate (CAGR) favors LB at 40.8% vs BSM's 4.6% — a key indicator of consistent wealth creation.
| Metric | LBLandBridge Compan… | BSMBlack Stone Miner… |
|---|---|---|
| YTD ReturnYear-to-date | +32.3% | +1.0% |
| 1-Year ReturnPast 12 months | -17.4% | +7.3% |
| 3-Year ReturnCumulative with dividends | +179.0% | +14.4% |
| 5-Year ReturnCumulative with dividends | +179.0% | +94.7% |
| 10-Year ReturnCumulative with dividends | +179.0% | +60.6% |
| CAGR (3Y)Annualised 3-year return | +40.8% | +4.6% |
LB leads this category, winning 5 of 6 comparable metrics.
Risk & Volatility
BSM leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
BSM is the less volatile stock with a 0.15 beta — it tends to amplify market swings less than LB's 1.00 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. BSM currently trades 86.2% from its 52-week high vs LB's 73.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | LBLandBridge Compan… | BSMBlack Stone Miner… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.00x | 0.15x |
| 52-Week HighHighest price in past year | $87.60 | $15.49 |
| 52-Week LowLowest price in past year | $43.75 | $11.78 |
| % of 52W HighCurrent price vs 52-week peak | +73.0% | +86.2% |
| RSI (14)Momentum oscillator 0–100 | 45.0 | 35.2 |
| Avg Volume (50D)Average daily shares traded | 390K | 437K |
BSM leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
BSM leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates LB as "Buy" and BSM as "Buy". Consensus price targets imply 29.8% upside for BSM (target: $17) vs 14.6% for LB (target: $73). For income investors, BSM offers the higher dividend yield at 10.11% vs LB's 3.58%.
| Metric | LBLandBridge Compan… | BSMBlack Stone Miner… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $73.33 | $17.33 |
| # AnalystsCovering analysts | 52 | 16 |
| Dividend YieldAnnual dividend ÷ price | +3.6% | +10.1% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | $2.29 | $1.35 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.1% |
BSM leads this category, winning 1 of 1 comparable metric.
Key Takeaway
BSM leads in 5 of 6 categories (Income & Cash Flow, Valuation Metrics). LB leads in 1 (Total Returns).
Best OverallBlack Stone Minerals, L.P. (BSM)Leads 5 of 6 categories
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LB vs BSM: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is LB or BSM a better buy right now?
For growth investors, LandBridge Company LLC (LB) is the stronger pick with 81.
1% revenue growth year-over-year, versus -3. 9% for Black Stone Minerals, L. P. (BSM). Black Stone Minerals, L. P. (BSM) offers the better valuation at 10. 4x trailing P/E (14. 7x forward), making it the more compelling value choice. Analysts rate LandBridge Company LLC (LB) a "Buy" — based on 52 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — LB or BSM?
On trailing P/E, Black Stone Minerals, L.
P. (BSM) is the cheapest at 10. 4x versus LandBridge Company LLC at 59. 2x. On forward P/E, Black Stone Minerals, L. P. is actually cheaper at 14. 7x.
03Which is the better long-term investment — LB or BSM?
Over the past 5 years, LandBridge Company LLC (LB) delivered a total return of +179.
0%, compared to +94. 7% for Black Stone Minerals, L. P. (BSM). Over 10 years, the gap is even starker: LB returned +179. 0% versus BSM's +60. 6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — LB or BSM?
By beta (market sensitivity over 5 years), Black Stone Minerals, L.
P. (BSM) is the lower-risk stock at 0. 15β versus LandBridge Company LLC's 1. 00β — meaning LB is approximately 560% more volatile than BSM relative to the S&P 500. On balance sheet safety, LandBridge Company LLC (LB) carries a lower debt/equity ratio of 0% versus 14% for Black Stone Minerals, L. P. — giving it more financial flexibility in a downturn.
05Which is growing faster — LB or BSM?
By revenue growth (latest reported year), LandBridge Company LLC (LB) is pulling ahead at 81.
1% versus -3. 9% for Black Stone Minerals, L. P. (BSM). On earnings-per-share growth, the picture is similar: LandBridge Company LLC grew EPS 1398% year-over-year, compared to 11. 3% for Black Stone Minerals, L. P.. Over a 3-year CAGR, LB leads at 56. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — LB or BSM?
Black Stone Minerals, L.
P. (BSM) is the more profitable company, earning 71. 0% net margin versus 15. 1% for LandBridge Company LLC — meaning it keeps 71. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BSM leads at 61. 8% versus 59. 5% for LB. At the gross margin level — before operating expenses — LB leads at 91. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is LB or BSM more undervalued right now?
On forward earnings alone, Black Stone Minerals, L.
P. (BSM) trades at 14. 7x forward P/E versus 45. 7x for LandBridge Company LLC — 31. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BSM: 29. 8% to $17. 33.
08Which pays a better dividend — LB or BSM?
All stocks in this comparison pay dividends.
Black Stone Minerals, L. P. (BSM) offers the highest yield at 10. 1%, versus 3. 6% for LandBridge Company LLC (LB).
09Is LB or BSM better for a retirement portfolio?
For long-horizon retirement investors, Black Stone Minerals, L.
P. (BSM) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 15), 10. 1% yield). Both have compounded well over 10 years (BSM: +60. 6%, LB: +179. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between LB and BSM?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: LB is a small-cap high-growth stock; BSM is a small-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(LB: 16.0% · BSM: 63.5%)Net Margin>
%
(LB: 20.0% · BSM: 63.5%)P/E Ratio<
x
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