LandBridge Company LLC (LB) Revenue History
Annual and quarterly revenue from 2022 to 2025
Compound Annual Growth Rate (CAGR)
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LB Revenue Growth
Revenue Breakdown (FY 2025)
LB's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
LB Revenue Analysis (2022–2025)
As of May 8, 2026, LandBridge Company LLC (LB) generated trailing twelve-month (TTM) revenue of $206.1 million, reflecting strong growth of +16.0% year-over-year. The most recent quarter (Q1 2026) recorded $51.0 million in revenue, down 10.2% sequentially.
Looking at the longer-term picture, LB's historical revenue data shows a 3-year CAGR of +56.7%. The company achieved its highest annual revenue of $199.1 million in 2025, representing a new all-time high.
Revenue diversification analysis shows LB's business is primarily driven by Reportable Segment (100%). With over half of revenue concentrated in Reportable Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including TPL (+15.3% YoY), VNET (+20.7% YoY), and VNOM (+77.8% YoY), LB has underperformed the peer group in terms of revenue growth. Compare LB vs TPL →
LB Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| LBCurrent | $206M | +16.0% | - | 59.5% | |
 TPL | $798M | +15.3% | +21.4% | 74.2% | |
 VNET | $8.3B | +20.7% | +16.9% | 8.1% | |
 VNOM | $1.3B | +77.8% | +40.1% | 43.0% | |
 BSM | $422M | +6.9% | +7.3% | 61.8% | |
 DMLP | $153M | -3.0% | +26.6% | 37.5% |
LB Historical Revenue Data (2022–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $199.1M | +81.1% | $181.1M | 91.0% | $118.5M | 59.5% |
| 2024 | $110.0M | +50.9% | $99.0M | 90.0% | $-16,510,000 | -15.0% |
| 2023 | $72.9M | +40.7% | $60.7M | 83.2% | $70.0M | 96.1% |
| 2022 | $51.8M | - | $41.2M | 79.6% | $-3,232,000 | -6.2% |
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Start ComparisonLB — Frequently Asked Questions
Quick answers to the most common questions about buying LB stock.
Is LB's revenue growth accelerating or slowing?
LB revenue is accelerating at +16.0% year-over-year, exceeding the 5-year CAGR of N/A. TTM revenue reached $206M. Growth momentum has increased versus prior periods.
What is LB's long-term revenue growth rate?
LandBridge Company LLC's 5-year revenue CAGR of N/A reflects the sustained expansion pattern. Current YoY growth of +16.0% is above this long-term average.
How is LB's revenue distributed by segment?
LB reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2022-2025 are available for download. Segment mix reveals concentration and diversification trends.