LandBridge Company LLC(LB)Earnings, Financials & Key Ratios

LB•NYSE

$63.97

$4.93B mkt cap·59.2× P/E·Price updated May 7, 2026

SectorEnergy IndustryOilfield Services Sub-IndustryOilfield Chemicals and Consumables

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%
ROIC10.36%+599.3%
Debt/Equity0.00-99.9%
Interest Coverage3.49+600.7%

Technical→

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

✗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.

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-

TTM128.27%

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

Full history →

●Beat EPS 0/12 qtrs (0%)●Beat Revenue 4/12 qtrs (50%)

Q2 2026Latest

May 6, 2026

EPS

$0.49

Est $0.55

-10.6%

Revenue

$51M

Est $59M

-13.1%

Q1 2026

Feb 25, 2026

EPS

$0.24

Est $0.62

-61.3%

Revenue

$57M

Est $52M

+9.4%

Q4 2025

Nov 12, 2025

EPS

$0.26

Est $0.48

-45.7%

Revenue

$51M

Est $50M

+1.2%

Q3 2025

Aug 6, 2025

EPS

$0.24

Est $0.39

-38.5%

Revenue

$48M

Est $55M

-13.2%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	May 6, 2026	$0.49vs $0.55-10.6%	$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 →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
TPLTexas Pacific Land CorporationDirect Competitor	27.53B	399.36	57.30	13.09%	60.03%	35.52%	0.02
VNETVNET Group, Inc.Direct Competitor	2.6B	8.96	92.39	11.41%	-5.98%	-7.63%	2.67
VNOMViper Energy, Inc.Direct Competitor	17.62B	46.98	-97.88	56.56%	-2.88%	-0.46%	0.21
BSMBlack Stone Minerals, L.P.Direct Competitor	2.83B	13.35	10.43	-3.89%	63.48%	35.46%	0.14
DMLPDorchester Minerals, L.P.Product Competitor	1.26B	26.08	21.73	-5.38%	40.85%	22.11%	0.00
FLNCFluence Energy, Inc.Product Competitor	2.48B	18.97	-51.27	-16.15%	-1.62%	-8.29%	0.71
CTRACoterra Energy Inc.Product Competitor	24.72B	32.55	14.47	-49.62%	25.71%	11.26%	0.27
OXYOccidental Petroleum CorporationSupply Chain	53.66B	53.95	33.51	-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.

Closest Rival

vs TPL

Most directly comparable listed peer for LB.

Scale Benchmark

vs COP

Larger-name benchmark to compare LB against a more recognizable public peer.

Peer Set

Compare Top 5

vs TPL, VNET, VNOM, BSM

LB Income Statement

LandBridge Company LLC (LB) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	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	120.62M
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%	66.75M▲ 0%
Operating Margin %	-6.24%	96.08%	-15.02%	59.52%	32.38%
Operating Income Growth %	-	2266.12%	-123.58%	817.75%	-
EBITDA	3.49M	78.61M	-7.71M	129.97M	80.04M
EBITDA Margin %	6.74%	107.88%	-7.01%	65.28%	38.83%
EBITDA Growth %	-	2153.7%	-109.81%	1785.73%	1777.64%
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	-24.73M
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	17.31M
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%	-▲ 0%
EPS Growth %	-	1090.91%	-98.35%	1397.92%	128.27%
EPS (Basic)	-0.44	4.36	0.29	1.18	-
Diluted Shares Outstanding	14.5M	14.5M	73.37M	27.84M	0
Basic Shares Outstanding	14.5M	14.5M	17.81M	27.84M	0
Dividend Payout Ratio	-	166.47%	3488.14%	-	-

LB Balance Sheet

LandBridge Company LLC (LB) balance sheet — assets, liabilities & shareholders' equity

Line item	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	11.66M
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	4.87x
Quick Ratio	2.17x	1.93x	3.67x	4.87x	4.87x
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	1.46B
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	0.01x
Net Debt / EBITDA	10.22x	1.16x	-	-0.23x	-0.23x
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	16.43
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

Line item	Dec'22	Dec'23	Dec'24	Jan'26	TTM
Cash from Operations	20.5M	53.04M	67.64M	126.27M	126.27M
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	30.13M	41.31M
Depreciation & Amortization	6.72M	4.6M	5.2M	11.47M	13.29M
Stock-Based Compensation	36.36M	-17.23M	95.33M	0	33.76M
Deferred Taxes	0	0	-411K	4.08M	4.06M
Other Non-Cash Items	38K	4.3M	5.37M	94.21M	35.12M
Working Capital Changes	-16.26M	-1.8M	3.62M	-13.62M	553K
Change in Receivables	-6.34M	-2.09M	1.04M	-9.67M	3.79M
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	14.42M
CapEx % of Revenue	6.36%	3.82%	0.9%	2.13%	-
Acquisitions	-8.38M	0	-723.37M	-228.84M	-230M
Investments	-	-	-	-	-
Other Investing	0	11K	0	0	-1.78M
Cash from Financing	3.27M	-37.8M	655.92M	100.51M	80.62M
Debt Issued (Net)	-6.5M	72.58M	255M	169.97M	176.89M
Equity Issued (Net)	0	0	617.55M	0	0
Dividends Paid	-1.14M	-105.17M	-178.24M	-63.71M	-1.17M
Share Repurchases	0	0	0	0	0
Other Financing	10.9M	-5.22M	-38.38M	-5.75M	-95.1M
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%	165.9M▲ 0%
FCF Margin %	33.24%	68.98%	60.62%	61.3%	80.48%
FCF Growth %	-	192.05%	32.62%	83.1%	153.79%
FCF per Share	1.19	3.47	0.91	4.38	4.38
FCF Conversion (FCF/Net Income)	-3.22x	0.84x	13.24x	4.19x	4.02x
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%	10.36%
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	4.02x
Revenue Growth	40.73%	50.9%	81.07%	52.83%

LB SEC Filings & Documents

LandBridge Company LLC (LB) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

May 6, 2026·SEC

Material company update

Mar 19, 2026·SEC

Material company update

Mar 4, 2026·SEC

10-K Annual Reports

FY 2026

Mar 12, 2026·SEC

FY 2025

Mar 14, 2025·SEC

FY 2025

Mar 6, 2025·SEC

10-Q Quarterly Reports

FY 2026

May 7, 2026·SEC

FY 2025

Nov 20, 2025·SEC

FY 2025

Nov 12, 2025·SEC

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 $165.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Explore More LB

LandBridge Company LLC (LB) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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LandBridge Company LLC(LB)Earnings, Financials & Key Ratios

LB Key Insights

✓Strengths

✗Weaknesses

LB Price & Volume

LB Growth Metrics

Revenue CAGR

Profit CAGR

EPS CAGR

Return on Capital

LB Recent Earnings

LB Peer Comparison

Compare LB vs Peers

vs TPL

vs COP

Compare Top 5

LB Income Statement

LB Balance Sheet

LB Cash Flow Statement

LB Key Ratios

LB SEC Filings & Documents

8-K Announcements

10-K Annual Reports

10-Q Quarterly Reports

LB Frequently Asked Questions

Explore More LB

Total Return Calculator

DCA Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios

Valuation