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LandBridge Company LLC (LB) 10-Year Financial Performance & Capital Metrics

LB • • Industrial / General
EnergyOilfield ServicesDistribution & Supply ChainEquipment Rental & Services
AboutLandBridge Company LLC owns and manages land and resources to support and enhance oil and natural gas development in the United States. It owns surface acres in and around the Delaware Basin in Texas and New Mexico. The company holds a portfolio of oil and gas royalties. It also sells brackish water and other surface composite materials. The company was founded in 2021 and is based in Houston, Texas. LandBridge Company LLC operates as a subsidiary of LandBridge Holdings LLC.Show more
  • Revenue $110M +50.9%
  • EBITDA -$8M -109.8%
  • Net Income $5M -91.9%
  • EPS (Diluted) 0.07 -90.8%
  • Gross Margin 90.01% +8.1%
  • EBITDA Margin -7.01% -106.5%
  • Operating Margin -15.02% -115.6%
  • Net Margin 4.65% -94.6%
  • ROE 1.35% -96.2%
  • ROIC -2.07% -109.6%
  • Debt/Equity 0.63 -26.6%
  • Interest Coverage -0.71 -107.1%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓FCF machine: 60.6% free cash flow margin
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Healthy dividend yield of 4.1%
  • ✓Healthy 5Y average net margin of 26.4%

✗Weaknesses

  • ✗Weak momentum: RS Rating 12 (bottom 12%)
  • ✗Dividend payout exceeds 100% of earnings
  • ✗Shares diluted 100.0% in last year
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y-
TTM61.17%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM125.99%

EPS CAGR

10Y-
5Y-
3Y-
TTM112.22%

ROCE

10Y Avg7.67%
5Y Avg7.67%
3Y Avg7.67%
Latest-2.64%

Peer Comparison

Equipment Rental & Services
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Quality & Returns
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Technical
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
LBLandBridge Company LLC1.66B59.76828.8550.9%13.59%3.48%4.01%0.63
NOANorth American Construction Group Ltd.462.87M15.9210.4721.79%3%11.39%2.12

Profit & Loss

Dec 2022Dec 2023Dec 2024
Sales/Revenue+51.78M72.86M109.95M
Revenue Growth %-0.41%0.51%
Cost of Goods Sold+10.56M12.21M10.99M
COGS % of Revenue0.2%0.17%0.1%
Gross Profit+41.22M60.66M98.97M
Gross Margin %0.8%0.83%0.9%
Gross Profit Growth %-0.47%0.63%
Operating Expenses+44.45M-9.35M115.48M
OpEx % of Revenue0.86%-0.13%1.05%
Selling, General & Admin41.8M-12.09M112.3M
SG&A % of Revenue0.81%-0.17%1.02%
Research & Development000
R&D % of Revenue---
Other Operating Expenses2.65M2.74M3.17M
Operating Income+-3.23M70.01M-16.51M
Operating Margin %-0.06%0.96%-0.15%
Operating Income Growth %-22.66%-1.24%
EBITDA+3.49M78.61M-7.71M
EBITDA Margin %0.07%1.08%-0.07%
EBITDA Growth %-21.54%-1.1%
D&A (Non-Cash Add-back)6.72M8.6M8.8M
EBIT-3.09M70.56M-16.27M
Net Interest Income+-3.11M-7.02M-23.34M
Interest Income000
Interest Expense3.11M7.02M23.34M
Other Income/Expense-2.96M-6.47M-23.09M
Pretax Income+-6.2M63.54M-39.6M
Pretax Margin %-0.12%0.87%-0.36%
Income Tax+164K370K1.88M
Effective Tax Rate %1.03%0.99%-0.13%
Net Income+-6.36M63.17M5.11M
Net Margin %-0.12%0.87%0.05%
Net Income Growth %-10.93%-0.92%
Net Income (Continuing)-6.36M63.17M-41.48M
Discontinued Operations000
Minority Interest00172.05M
EPS (Diluted)+-0.440.780.07
EPS Growth %-2.77%-0.91%
EPS (Basic)-0.440.780.29
Diluted Shares Outstanding14.5M14.5M73.37M
Basic Shares Outstanding14.5M14.5M17.81M
Dividend Payout Ratio-1.66%34.88%

Balance Sheet

Dec 2022Dec 2023Dec 2024
Total Current Assets+37.31M52.28M52.81M
Cash & Short-Term Investments25.35M37.82M37.03M
Cash Only25.35M37.82M37.03M
Short-Term Investments000
Accounts Receivable11.33M13.42M14.65M
Days Sales Outstanding79.8567.2248.65
Inventory000
Days Inventory Outstanding---
Other Current Assets630K300K1.13M
Total Non-Current Assets+238.71M236.67M950.66M
Property, Plant & Equipment207.31M203.02M902.74M
Fixed Asset Turnover0.25x0.36x0.12x
Goodwill000
Intangible Assets30.88M28.64M45.27M
Long-Term Investments000
Other Non-Current Assets521K5.01M2.65M
Total Assets+276.02M288.95M1B
Asset Turnover0.19x0.25x0.11x
Asset Growth %-0.05%2.47%
Total Current Liabilities+17.19M27.1M14.41M
Accounts Payable38K200K489K
Days Payables Outstanding1.315.9816.24
Short-Term Debt12.19M20.34M424K
Deferred Revenue (Current)1000K278K1000K
Other Current Liabilities1.36M500K2.12M
Current Ratio2.17x1.93x3.67x
Quick Ratio2.17x1.93x3.67x
Cash Conversion Cycle---
Total Non-Current Liabilities+48.87M111.1M381M
Long-Term Debt48.82M108.34M380.81M
Capital Lease Obligations000
Deferred Tax Liabilities000
Other Non-Current Liabilities55K2.76M183K
Total Liabilities66.06M138.2M395.41M
Total Debt+61.01M128.68M381.24M
Net Debt35.66M90.86M344.21M
Debt / Equity0.29x0.85x0.63x
Debt / EBITDA17.49x1.64x-
Net Debt / EBITDA10.22x1.16x-
Interest Coverage-1.04x9.98x-0.71x
Total Equity+209.96M150.75M608.07M
Equity Growth %--0.28%3.03%
Book Value per Share14.4810.408.29
Total Shareholders' Equity209.96M150.75M436.01M
Common Stock209.96M150.75M432.66M
Retained Earnings003.35M
Treasury Stock000
Accumulated OCI000
Minority Interest00172.05M

Cash Flow

Dec 2022Dec 2023Dec 2024
Cash from Operations+20.5M53.04M67.64M
Operating CF Margin %0.4%0.73%0.62%
Operating CF Growth %-1.59%0.28%
Net Income-6.36M63.17M-41.48M
Depreciation & Amortization6.72M4.6M5.2M
Stock-Based Compensation36.36M-17.23M95.33M
Deferred Taxes00-411K
Other Non-Cash Items38K4.3M5.37M
Working Capital Changes-16.26M-1.8M3.62M
Change in Receivables-6.34M-2.09M1.04M
Change in Inventory000
Change in Payables-1.58M362K272K
Cash from Investing+-11.67M-2.77M-724.35M
Capital Expenditures-3.29M-2.78M-985K
CapEx % of Revenue0.06%0.04%0.01%
Acquisitions---
Investments---
Other Investing011K0
Cash from Financing+3.27M-37.8M655.92M
Debt Issued (Net)---
Equity Issued (Net)---
Dividends Paid-1.14M-105.17M-178.24M
Share Repurchases---
Other Financing10.9M-5.22M-38.38M
Net Change in Cash---
Free Cash Flow+17.21M50.26M66.65M
FCF Margin %0.33%0.69%0.61%
FCF Growth %-1.92%0.33%
FCF per Share1.193.470.91
FCF Conversion (FCF/Net Income)-3.22x0.84x13.24x
Interest Paid3.2M5.91M19.68M
Taxes Paid8.5M213K385K

Key Ratios

Metric202220232024
Return on Equity (ROE)-3.03%35.03%1.35%
Return on Invested Capital (ROIC)-0.99%21.55%-2.07%
Gross Margin79.6%83.25%90.01%
Net Margin-12.29%86.7%4.65%
Debt / Equity0.29x0.85x0.63x
Interest Coverage-1.04x9.98x-0.71x
FCF Conversion-3.22x0.84x13.24x
Revenue Growth-40.73%50.9%

Revenue by Segment

2020
Bath & Body Works6.43B
Bath & Body Works Growth-
Victoria's Secret5.41B
Victoria's Secret Growth-

Revenue by Geography

2020
International1.11B
International Growth-

Frequently Asked Questions

Growth & Financials

LandBridge Company LLC (LB) reported $178.8M in revenue for fiscal year 2024. This represents a 245% increase from $51.8M in 2022.

LandBridge Company LLC (LB) grew revenue by 50.9% over the past year. This is strong growth.

Yes, LandBridge Company LLC (LB) is profitable, generating $24.3M in net income for fiscal year 2024 (4.6% net margin).

Dividend & Returns

Yes, LandBridge Company LLC (LB) pays a dividend with a yield of 4.07%. This makes it attractive for income-focused investors.

LandBridge Company LLC (LB) has a return on equity (ROE) of 1.3%. This is below average, suggesting room for improvement.

LandBridge Company LLC (LB) generated $112.4M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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