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LandBridge Company LLC(LB)Earnings, Financials & Key Ratios
LB•NYSE
59.2× P/E·Price updated Jun 19, 2026
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$199M+81.1%
- EBITDA$130M+1785.7%
- Net Income$30M+489.6%
- EPS (Diluted)1.08+1397.9%
- Gross Margin90.95%+1.1%
- EBITDA Margin65.28%+1031.0%
- Operating Margin59.52%+496.4%
- Net Margin15.13%+225.6%
- ROE4.3%+219.1%
LB Key Insights
LandBridge Company LLC (LB) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Strong Piotroski F-Score: 9/9
- ✓FCF machine: 61.3% free cash flow margin
- ✓High quality earnings: Operating CF exceeds net income
- ✓Healthy dividend yield of 3.6%
- ✓Share count reduced 62.1% through buybacks
✗Weaknesses
- ✗Dividend payout exceeds 100% of earnings
- ✗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.
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LB Price & Volume
LandBridge Company LLC (LB) stock price & volume — 10-year historical chart
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LB Growth Metrics
LandBridge Company LLC (LB) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years56.67%
TTM52.83%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM189.65%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM148.84%
Return on Capital
10 Years8.28%
5 Years8.28%
3 Years11.46%
Last Year10.12%
LB Recent Earnings
LandBridge Company LLC (LB) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 0/12 qtrs (0%)●Beat Revenue 4/12 qtrs (50%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$0.23-67.1%
$0.70
Rev
$51M-13.1%
$59M
Q1 2026
Feb 25, 2026Metric
Actual
Est
EPS
$0.24-61.3%
$0.62
Rev
$57M+9.4%
$52M
Q4 2025
Nov 12, 2025Metric
Actual
Est
EPS
$0.26-45.7%
$0.48
Rev
$51M+1.2%
$50M
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$0.24-38.5%
$0.39
Rev
$48M-13.2%
$55M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.23vs $0.70-67.1% | $51Mvs $59M-13.1% |
| Q1 2026 | Feb 25, 2026 | $0.24vs $0.62-61.3% | $57Mvs $52M+9.4% |
| Q4 2025 | Nov 12, 2025 | $0.26vs $0.48-45.7% | $51Mvs $50M+1.2% |
| Q3 2025 | Aug 6, 2025 | $0.24vs $0.39-38.5% | $48Mvs $55M-13.2% |
Based on last 12 quarters of dataView full earnings history →
LB Peer Comparison
LandBridge Company LLC (LB) competitors in Oilfield Chemicals and Consumables — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 TPL | 24.49B | 355.11 | 50.95 | 13.09% | 60.03% | 35.52% | 0.02 | |
 VNET | 2.4B | 8.75 | -65.74 | 17.18% | -21.78% | -26.68% | 3.14 | |
 VNOM | 15.51B | 43.21 | -90.02 | 56.56% | -2.88% | -0.46% | 0.21 | |
 BSM | 2.97B | 14.01 | 10.95 | -3.89% | 63.48% | 35.46% | 0.14 | |
 DMLP | 1.21B | 25.00 | 20.83 | -5.38% | 40.85% | 22.11% | 0.00 | |
 FLNC | 3.26B | 24.80 | -67.03 | -16.15% | -1.62% | -8.29% | 0.71 | |
 CTRA | 24.72B | 32.56 | 14.47 | -49.62% | 25.71% | 11.26% | 0.27 | |
 OXY | 51.54B | 51.82 | 32.19 | -20.32% | 20.31% | 12.63% | 0.65 |
Compare LB vs Peers
LandBridge Company LLC (LB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
LB Income Statement
LandBridge Company LLC (LB) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'22 | Dec'23 | Dec'24 | Jan'26 | TTM |
|---|---|---|---|---|---|
Sales/Revenue | 51.78M | 72.86M | 109.95M | 199.09M | 206.15M |
Revenue Growth % | - | 40.73% | 50.9% | 81.07% | 52.83% |
Cost of Goods Sold | 10.56M | 12.21M | 10.99M | 18.01M | 12.67M |
COGS % of Revenue | 20.4% | 16.75% | 9.99% | 9.05% | - |
Gross Profit | 41.22M▲ 0% | 60.66M▲ 47.2% | 98.97M▲ 63.2% | 181.08M▲ 83.0% | 142.47M▲ 0% |
Gross Margin % | 79.6% | 83.25% | 90.01% | 90.95% | 69.11% |
Gross Profit Growth % | - | 47.17% | 63.15% | 82.97% | - |
Operating Expenses | 44.45M | -9.35M | 115.48M | 62.45M | 58.85M |
OpEx % of Revenue | 85.85% | -12.83% | 105.02% | 31.37% | - |
Selling, General & Admin | 41.8M | -12.09M | 112.3M | 62.45M | 57.66M |
SG&A % of Revenue | 80.73% | -16.59% | 102.14% | 31.37% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - |
Other Operating Expenses | 2.65M | 2.74M | 3.17M | 0 | 1.13M |
Operating Income | -3.23M▲ 0% | 70.01M▲ 2266.1% | -16.51M▼ 123.6% | 118.5M▲ 817.7% | 128.52M▲ 0% |
Operating Margin % | -6.24% | 96.08% | -15.02% | 59.52% | 62.34% |
Operating Income Growth % | - | 2266.12% | -123.58% | 817.75% | - |
EBITDA | 3.49M | 78.61M | -7.71M | 129.97M | 141.81M |
EBITDA Margin % | 6.74% | 107.88% | -7.01% | 65.28% | 68.79% |
EBITDA Growth % | - | 2153.7% | -109.81% | 1785.73% | 3226.62% |
D&A (Non-Cash Add-back) | 6.72M | 8.6M | 8.8M | 11.47M | 13.29M |
EBIT | -3.09M | 70.56M | -16.27M | 114.17M | 99.39M |
Net Interest Income | -3.11M | -7.02M | -23.34M | -32.71M | -34.24M |
Interest Income | 0 | 0 | 0 | 0 | 46K |
Interest Expense | 3.11M | 7.02M | 23.34M | 32.71M | 34.29M |
Other Income/Expense | -2.96M | -6.47M | -23.09M | -37.03M | -44.46M |
Pretax Income | -6.2M▲ 0% | 63.54M▲ 1125.4% | -39.6M▼ 162.3% | 81.47M▲ 305.7% | 84.06M▲ 0% |
Pretax Margin % | -11.97% | 87.21% | -36.02% | 40.92% | 40.78% |
Income Tax | 164K | 370K | 1.88M | 9.07M | 9.25M |
Effective Tax Rate % | -2.65% | 0.58% | -4.73% | 11.13% | 11.01% |
Net Income | -6.36M▲ 0% | 63.17M▲ 1093.1% | 5.11M▼ 91.9% | 30.13M▲ 489.6% | 41.31M▲ 0% |
Net Margin % | -12.29% | 86.7% | 4.65% | 15.13% | 20.04% |
Net Income Growth % | - | 1093.11% | -91.91% | 489.59% | 189.65% |
Net Income (Continuing) | -6.36M | 63.17M | -41.48M | 72.4M | 74.81M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 172.05M | 453.68M | 463.62M |
EPS (Diluted) | -0.44▲ 0% | 4.36▲ 1090.9% | 0.07▼ 98.3% | 1.08▲ 1397.9% | 1.48▲ 0% |
EPS Growth % | - | 1090.91% | -98.35% | 1397.92% | 148.84% |
EPS (Basic) | -0.44 | 4.36 | 0.29 | 1.18 | - |
Diluted Shares Outstanding | 14.5M | 14.5M | 73.37M | 27.84M | 27.84M |
Basic Shares Outstanding | 14.5M | 14.5M | 17.81M | 27.84M | 27.84M |
Dividend Payout Ratio | - | 166.47% | 3488.14% | 211.47% | - |
LB Balance Sheet
LandBridge Company LLC (LB) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'22 | Dec'23 | Dec'24 | Jan'26 | TTM |
|---|---|---|---|---|---|
Total Current Assets | 37.31M | 52.28M | 52.81M | 59.81M | 59.26M |
Cash & Short-Term Investments | 25.35M | 37.82M | 37.03M | 30.74M | 29.68M |
Cash Only | 25.35M | 37.82M | 37.03M | 30.74M | 29.68M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 11.33M | 13.42M | 14.65M | 19.36M | 18.49M |
Days Sales Outstanding | 79.85 | 67.22 | 48.65 | 35.5 | 34.57 |
Inventory | 0 | 0 | 0 | 0 | 0 |
Days Inventory Outstanding | - | - | - | - | - |
Other Current Assets | 630K | 300K | 1.13M | 9.71M | 11.1M |
Total Non-Current Assets | 238.71M | 236.67M | 950.66M | 1.31B | 1.3B |
Property, Plant & Equipment | 207.31M | 203.02M | 902.74M | 1.08B | 1.08B |
Fixed Asset Turnover | 0.25x | 0.36x | 0.12x | 0.18x | 0.21x |
Goodwill | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 30.88M | 28.64M | 45.27M | 136.96M | 134.2M |
Long-Term Investments | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Assets | 521K | 5.01M | 2.65M | 3.86M | 3.8M |
Total Assets | 276.02M▲ 0% | 288.95M▲ 4.7% | 1B▲ 247.3% | 1.37B▲ 36.1% | 1.36B▲ 0% |
Asset Turnover | 0.19x | 0.25x | 0.11x | 0.15x | 0.17x |
Asset Growth % | - | 4.68% | 247.28% | 36.13% | 177.6% |
Total Current Liabilities | 17.19M | 27.1M | 14.41M | 12.29M | 18.82M |
Accounts Payable | 38K | 200K | 489K | 562K | 369K |
Days Payables Outstanding | 1.31 | 5.98 | 16.24 | 11.39 | 14.96 |
Short-Term Debt | 12.19M | 20.34M | 424K | 692K | 433K |
Deferred Revenue (Current) | 1.33M | 278K | 1.22M | 1.26M | 4.56M |
Other Current Liabilities | 1.36M | 500K | 2.12M | 9.77M | 18.02M |
Current Ratio | 2.17x | 1.93x | 3.67x | 4.87x | 3.15x |
Quick Ratio | 2.17x | 1.93x | 3.67x | 4.87x | 3.15x |
Cash Conversion Cycle | - | - | - | - | 19.61 |
Total Non-Current Liabilities | 48.87M | 111.1M | 381M | 559.78M | 535.3M |
Long-Term Debt | 48.82M | 108.34M | 380.81M | 0 | 0 |
Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Liabilities | 55K | 2.76M | 183K | 559.78M | 535.3M |
Total Liabilities | 66.06M | 138.2M | 395.41M | 572.07M | 554.12M |
Total Debt | 61.01M | 128.68M | 381.24M | 692K | 433K |
Net Debt | 35.66M | 90.86M | 344.21M | -30.05M | -29.25M |
Debt / Equity | 0.29x | 0.85x | 0.63x | 0.00x | 0.00x |
Debt / EBITDA | 17.49x | 1.64x | - | 0.01x | 0.00x |
Net Debt / EBITDA | 10.22x | 1.16x | - | -0.23x | -0.21x |
Interest Coverage | -0.99x | 10.06x | -0.70x | 3.49x | 2.90x |
Total Equity | 209.96M▲ 0% | 150.75M▼ 28.2% | 608.07M▲ 303.4% | 793.99M▲ 30.6% | 808.12M▲ 0% |
Equity Growth % | - | -28.2% | 303.37% | 30.58% | 263.79% |
Book Value per Share | 14.48 | 10.40 | 8.29 | 28.52 | 29.03 |
Total Shareholders' Equity | 209.96M | 150.75M | 436.01M | 340.3M | 344.5M |
Common Stock | 209.96M | 150.75M | 432.66M | 0 | 0 |
Retained Earnings | 0 | 0 | 3.35M | 23.23M | 28.58M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 172.05M | 453.68M | 463.62M |
LB Cash Flow Statement
LandBridge Company LLC (LB) cash flow — operating, investing & free cash flow history
| Metric | Dec'22 | Dec'23 | Dec'24 | Jan'26 | TTM |
|---|---|---|---|---|---|
Cash from Operations | 20.5M | 53.04M | 67.64M | 126.27M | 151.48M |
Operating CF Margin % | 39.59% | 72.79% | 61.51% | 63.42% | - |
Operating CF Growth % | - | 158.74% | 27.51% | 86.69% | 701.27% |
Net Income | -6.36M | 63.17M | -41.48M | 72.4M | 41.31M |
Depreciation & Amortization | 6.72M | 4.6M | 5.2M | 11.47M | 13.29M |
Stock-Based Compensation | 36.36M | -17.23M | 95.33M | 45.32M | 22.5M |
Deferred Taxes | 0 | 0 | -411K | 4.08M | 4.06M |
Other Non-Cash Items | 38K | 4.3M | 5.37M | 6.62M | 48.96M |
Working Capital Changes | -16.26M | -1.8M | 3.62M | -13.62M | 7.3M |
Change in Receivables | -6.34M | -2.09M | 1.04M | -9.67M | 992K |
Change in Inventory | 0 | 0 | 0 | 0 | 0 |
Change in Payables | -1.58M | 362K | 272K | 16K | -270K |
Cash from Investing | -11.67M | -2.77M | -724.35M | -233.07M | -217.35M |
Capital Expenditures | -3.29M | -2.78M | -985K | -4.24M | 12.43M |
CapEx % of Revenue | 6.36% | 3.82% | 0.9% | 2.13% | 6.03% |
Acquisitions | -8.38M | 0 | -723.37M | -229.05M | -229.97M |
Investments | - | - | - | - | - |
Other Investing | 0 | 11K | 0 | 210K | 190K |
Cash from Financing | 3.27M | -37.8M | 655.92M | 100.51M | 80.62M |
Debt Issued (Net) | -6.5M | 72.58M | 255M | 184.35M | 151.65M |
Equity Issued (Net) | 0 | 0 | 617.55M | 0 | 0 |
Dividends Paid | -1.14M | -105.17M | -178.24M | -63.71M | 4.31M |
Share Repurchases | 0 | 0 | 0 | 0 | 0 |
Other Financing | 10.9M | -5.22M | -38.38M | -20.13M | -75.34M |
Net Change in Cash | 12.1M▲ 0% | 12.47M▲ 3.1% | -791K▼ 106.3% | -6.29M▼ 695.3% | 14.74M▲ 0% |
Free Cash Flow | 17.21M▲ 0% | 50.26M▲ 192.1% | 66.65M▲ 32.6% | 122.04M▲ 83.1% | 163.91M▲ 0% |
FCF Margin % | 33.24% | 68.98% | 60.62% | 61.3% | 79.51% |
FCF Growth % | - | 192.05% | 32.62% | 83.1% | 150.74% |
FCF per Share | 1.19 | 3.47 | 0.91 | 4.38 | 5.89 |
FCF Conversion (FCF/Net Income) | -3.22x | 0.84x | 13.24x | 4.19x | 3.97x |
Interest Paid | 3.2M | 5.91M | 19.68M | 0 | 0 |
Taxes Paid | 8.5M | 213K | 385K | 0 | 0 |
LB Key Ratios
LandBridge Company LLC (LB) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|
Return on Equity (ROE) | 35.03% | 1.35% | 4.3% | 5.54% |
Return on Invested Capital (ROIC) | 21.55% | -2.07% | 10.36% | 11.87% |
Gross Margin | 83.25% | 90.01% | 90.95% | 69.11% |
Net Margin | 86.7% | 4.65% | 15.13% | 20.04% |
Debt / Equity | 0.85x | 0.63x | 0.00x | 0.00x |
Interest Coverage | 10.06x | -0.70x | 3.49x | 2.90x |
FCF Conversion | 0.84x | 13.24x | 4.19x | 3.97x |
Revenue Growth | 40.73% | 50.9% | 81.07% | 52.83% |
Related:LB Dividend History·LB Revenue History·LB Price History·LB P/E History·LB Financial Ratios·LB Institutional Holders
LB SEC Filings & Documents
LandBridge Company LLC (LB) SEC filings — annual & quarterly reports (10-K, 10-Q)
LB Frequently Asked Questions
LandBridge Company LLC (LB) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
LandBridge Company LLC (LB) reported $206.1M in revenue for fiscal year 2025. This represents a 298% increase from $51.8M in 2022.
LandBridge Company LLC (LB) grew revenue by 81.1% over the past year. This is strong growth.
Yes, LandBridge Company LLC (LB) is profitable, generating $41.3M in net income for fiscal year 2025 (15.1% net margin).
Dividend & Returns
Yes, LandBridge Company LLC (LB) pays a dividend with a yield of 3.58%. This makes it attractive for income-focused investors.
LandBridge Company LLC (LB) has a return on equity (ROE) of 4.3%. This is below average, suggesting room for improvement.
LandBridge Company LLC (LB) generated $163.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.