LandBridge Company LLC (LB) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 13, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the LB SEC filings page.
LandBridge Company LLC (LB) reported $225.5M in revenue over the twelve months to Jun 30, 2026, up 44.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
LandBridge's 2025 rebound converted growth into cash, but the business now carries a much larger debt-backed asset base.
Earnings quality changed across periods: FY2024's accounting loss coexisted with positive operating cash flow, while FY2025 showed profit and operating cash flow moving in the same direction. The small gap between FY2025 operating cash flow of$126.3M and free cash flow of$122.0M shows that capital expenditure absorbed little internally generated cash.
Revenue rose from
Total assets grew from
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of LandBridge Company LLC's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
LandBridge Company LLC has an operating margin of 59.5%, meaning the company retains $60 of operating profit per $100 of revenue. This strong profitability earns a score of 77/100, reflecting efficient cost management and pricing power. This is up from -15.0% the prior year.
LandBridge Company LLC's revenue surged 81.1% year-over-year to $199.1M, reflecting rapid business expansion. This strong growth earns a score of 96/100.
LandBridge Company LLC has elevated debt relative to equity (D/E of 1.64), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 15/100, reflecting increased financial risk.
With a current ratio of 4.87, LandBridge Company LLC holds $4.87 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 91/100.
LandBridge Company LLC converts 61.3% of revenue into free cash flow ($122.0M). This strong cash generation earns a score of 98/100.
LandBridge Company LLC's ROE of 21.3% shows moderate profitability relative to equity, earning a score of 53/100. This is up from -19.6% the prior year.
LandBridge Company LLC scores 4.44, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($6.7B) relative to total liabilities ($1.0B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
LandBridge Company LLC passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, LandBridge Company LLC generates $1.74 in operating cash flow ($126.3M OCF vs $72.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
LandBridge Company LLC earns $3.62 in operating income for every $1 of interest expense ($118.5M vs $32.7M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
LandBridge Company LLC generated $66.8M in revenue in Q2 2026. This represents an increase of 40.6% from the same quarter a year earlier. Against the prior quarter it is up 31.0%.
LandBridge Company LLC's EBITDA was $48.5M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 56.3% from the same quarter a year earlier. Against the prior quarter it is up 44.4%.
LandBridge Company LLC reported $12.3M in net income in Q2 2026. This represents an increase of 63.8% from the same quarter a year earlier. Against the prior quarter it is up 41.0%.
LandBridge Company LLC earned $0.40 per diluted share (EPS) in Q2 2026. This represents an increase of 66.7% from the same quarter a year earlier. Against the prior quarter it is up 73.9%.
Cash & Balance Sheet
LandBridge Company LLC generated $40.2M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 11.5% from the same quarter a year earlier. Against the prior quarter it is down 1.7%.
LandBridge Company LLC held $39.8M in cash against $535.5M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
LandBridge Company LLC's operating margin was 66.1% in Q2 2026, reflecting core business profitability. This is up 6.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 8.9 percentage points.
LandBridge Company LLC's net profit margin was 18.4% in Q2 2026, showing the share of revenue converted to profit. This is up 2.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.3 percentage points.
LandBridge Company LLC's ROE was 3.5% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.9 percentage points.
Not reported for Q2 2026.
Capital Allocation
LandBridge Company LLC invested $1.1M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 8.8% from the same quarter a year earlier. Against the prior quarter it is up 528.3%.
Not reported for Q2 2026.
Not reported for Q2 2026.
LB Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $66.8M+40.6% | $51.0M+16.0% | $56.8M+55.6% | $50.8M+78.4% | $47.5M+83.2% | $44.0M+131.2% | $36.5M | $28.5M+60.0% |
| SG&A Expenses | $15.9M+7.4% | $15.7M+6.8% | N/A | N/A | $14.8M | $14.7M | N/A | N/A |
| Operating Income | $44.2M+54.9% | $29.2M+16.5% | $34.1M+89.1% | $30.9M+869.1% | $28.5M+155.6% | $25.0M+85.2% | $18.0M | $3.2M-83.3% |
| EBITDA | $48.5M+56.3% | $33.6M+21.6% | $37.8M+73.9% | $33.5M+614.1% | $31.0M+162.4% | $27.6M+76.4% | $21.7M | $4.7M-77.8% |
| Interest Expense | -$9.2M-16.6% | -$9.5M-19.2% | -$9.0M-26.2% | -$7.9M-11.6% | -$7.9M-25.5% | -$8.0M-176.6% | -$7.1M | -$7.1M-144.4% |
| Income Tax | $3.9M+81.7% | $1.8M+11.7% | $2.6M-5.5% | $2.7M+339.8% | $2.1M+1467.9% | $1.6M+1485.1% | $2.8M | -$1.1M-1184.6% |
| Net Income | $12.3M+63.8% | $8.7M+34.8% | $50.3M+1735.4% | $8.1M+205.2% | $7.5M+113.0% | $6.5M-40.0% | $2.7M | $2.7M-84.0% |
| EPS (Basic) | $0.43+43.3% | $0.31+14.8% | $0.29 | $0.31+106.7% | $0.30 | $0.27 | N/A | $0.15 |
| EPS (Diluted) | $0.40+66.7% | $0.23+15.0% | $0.24 | $0.26+750.0% | $0.24 | $0.20 | N/A | -$0.04 |
| Diluted Shares (Avg) | 77M+0.8% | 77M+0.8% | N/A | 77M+4.6% | 76M | 76M | N/A | 73M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
LB Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.4B+29.2% | $1.4B+31.3% | $1.4B+32.3% | $1.1B+56.2% | $1.1B+50.1% | $1.0B | $1.0B+257.3% | $689.9M |
| Current Assets | $70.8M+60.4% | $59.3M+35.9% | $59.8M+12.2% | $57.4M+81.5% | $44.1M+6.3% | $43.6M | $53.3M+2.0% | $31.6M |
| Cash & Equivalents | $39.8M+95.6% | $29.7M+98.7% | $30.7M-17.0% | $28.3M+96.4% | $20.3M-17.5% | $14.9M+68.0% | $37.0M-2.1% | $14.4M-16.6% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.0B+27.7% | $1.0B+24.1% | $1.0B+25.0% | $805.9M+36.0% | $799.9M+93.2% | $820.1M | $820.7M+493.8% | $592.7M |
| Current Liabilities | $9.7M-6.0% | $18.8M+59.6% | $12.3M-14.7% | $13.8M-68.1% | $10.4M-79.4% | $11.8M | $14.4M-46.8% | $43.3M |
| Non-Current Liabilities | $535.7M+44.4% | $535.3M+42.5% | $559.8M+46.9% | $366.3M+51.0% | $371.1M+2.0% | $375.6M | $381.0M+242.9% | $242.6M |
| Long-Term Debt | $535.5M+44.4% | $535.1M+42.5% | $559.6M+46.9% | $366.1M+51.0% | $370.9M+2.8% | $375.5M | $380.8M+251.5% | $242.4M |
| Total Equity | $355.5M+33.4% | $344.5M+58.8% | $340.3M+60.7% | $272.0M+179.8% | $266.4M-10.1% | $217.0M+33.7% | $211.8M+40.5% | $97.2M-31.1% |
| Retained Earnings | $37.5M+201.5% | $28.6M+283.0% | $23.2M+593.7% | $18.0M+577.0% | $12.4M | $7.5M | $3.3M | $2.7M |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill.
LB Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $41.4M+10.8% | $41.1M+158.4% | $38.1M+41.5% | $34.9M+368.6% | $37.3M+132.7% | $15.9M-7.6% | $26.9M+115.7% | $7.5M-54.0% |
| Depreciation & Amortization | $4.4M+71.9% | $4.4M+70.1% | $3.7M+44.9% | $2.6M+72.3% | $2.5M+69.7% | $2.6M+21.3% | $2.6M-38.0% | $1.5M-25.0% |
| Stock-Based Compensation | $11.2M-0.3% | $11.3M+1.1% | N/A | N/A | $11.3M | $11.1M+1275.3% | N/A | N/A |
| Capital Expenditures | $1.1M-8.8% | $180K+160.9% | $1.7M+676.8% | $1.2M+291.7% | $1.2M+236.0% | $69K-22.5% | $224K+50.3% | $303K+29.5% |
| Free Cash Flow | $40.2M+11.5% | $40.9M+158.4% | $36.4M+36.2% | $33.7M+371.9% | $36.1M+130.3% | $15.8M-7.5% | $26.7M+116.5% | $7.1M-55.3% |
| Investing Cash Flow | -$11.3M-442.3% | -$2.1M+88.0% | -$212.0M+27.5% | -$1.1M-5.1% | -$2.1M+99.4% | -$17.9M+67.6% | -$292.3M-196095.3% | -$1.1M-350.0% |
| Financing Cash Flow | -$20.0M+33.1% | -$40.0M-98.7% | $176.3M-38.8% | -$25.8M-55.4% | -$29.8M-107.9% | -$20.1M-323.4% | $288.0M+3413.7% | -$16.6M-13.4% |
| Dividends Paid | $9.2M+21.0% | $14.7M+8.6% | $10.9M+48.0% | $7.7M-95.5% | $7.6M | $13.6M | $7.4M | $170.9M |
Not reported in any period shown, so not listed: Share Buybacks.
LB Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 66.1%+6.1pp | 57.2%+0.2pp | 60.0%+10.6pp | 60.8%+49.6pp | 60.0% | 57.0%-14.1pp | 49.4% | 11.2% |
| Net Margin | 18.4%+2.6pp | 17.1%+2.4pp | 88.6%+81.1pp | 16.0%+6.6pp | 15.8% | 14.7%-42.0pp | 7.5% | 9.3%-84.1pp |
| Return on Equity | 3.5%+0.6pp | 2.5%-0.5pp | 14.8%+13.5pp | 3.0%+0.2pp | 2.8%+22.3pp | 3.0%-3.7pp | 1.3% | 2.7%-9.1pp |
| Return on Assets | 0.9%+0.2pp | 0.6%0.0pp | 3.7%+3.4pp | 0.8%+0.4pp | 0.7%+8.8pp | 0.6% | 0.3% | 0.4% |
| Current Ratio | 7.27+3.0x | 3.15-0.5x | 4.87+1.2x | 4.15+3.4x | 4.26+3.4x | 3.70 | 3.70+1.8x | 0.73 |
| Debt-to-Equity | 1.51+0.1x | 1.55-0.2x | 1.64-0.2x | 1.35-1.1x | 1.39+0.2x | 1.73 | 1.80+1.1x | 2.49 |
| Asset Turnover | 0.050.0x | 0.040.0x | 0.040.0x | 0.050.0x | 0.040.0x | 0.04 | 0.04 | 0.04 |
| FCF Margin | 60.2%-15.7pp | 80.3%+44.2pp | 64.1%-9.1pp | 66.3%+41.3pp | 75.9%+15.5pp | 36.0%-54.0pp | 73.2% | 25.1%-64.7pp |
Not reported in any period shown, so not listed: Gross Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| LandBridge Company LLC LB | FY2025 | $199.1M | $72.4M | 36.4% | $6.7B | 72/100 |
| Archrock Inc AROC | FY2025 | $1.5B | $322.3M | 21.6% | $5.3B | 38/100 |
| Valaris Limited VAL | FY2025 | $2.4B | $979.1M | 41.3% | $5.9B | 53/100 |
| NOV Inc. NOV | FY2025 | $8.7B | $145.0M | 1.7% | $6.7B | 59/100 |
| Weatherford International plc WFRD | FY2025 | $4.9B | $431.0M | 8.8% | $5.5B | 67/100 |
| Tidewater, Inc. TDW | FY2025 | $1.4B | $333.5M | 24.6% | $4.3B | 74/100 |
Where LandBridge Company LLC Ranks
Frequently Asked Questions
What is LandBridge Company LLC's annual revenue?
LandBridge Company LLC (LB) reported $199.1M in total revenue for fiscal year 2025. This represents a 81.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is LandBridge Company LLC's revenue growing?
LandBridge Company LLC (LB) revenue grew by 81.1% year-over-year, from $110.0M to $199.1M in fiscal year 2025.
Is LandBridge Company LLC profitable?
Yes, LandBridge Company LLC (LB) reported a net income of $72.4M in fiscal year 2025, with a net profit margin of 36.4%.
What is LandBridge Company LLC's EBITDA?
LandBridge Company LLC (LB) had EBITDA of $130.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does LandBridge Company LLC have?
As of fiscal year 2025, LandBridge Company LLC (LB) had $30.7M in cash and equivalents against $559.6M in long-term debt.
What is LandBridge Company LLC's operating margin?
LandBridge Company LLC (LB) had an operating margin of 59.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is LandBridge Company LLC's net profit margin?
LandBridge Company LLC (LB) had a net profit margin of 36.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is LandBridge Company LLC's return on equity (ROE)?
LandBridge Company LLC (LB) has a return on equity of 21.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is LandBridge Company LLC's free cash flow?
LandBridge Company LLC (LB) generated $122.0M in free cash flow during fiscal year 2025. This represents a 83.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is LandBridge Company LLC's operating cash flow?
LandBridge Company LLC (LB) generated $126.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are LandBridge Company LLC's total assets?
LandBridge Company LLC (LB) had $1.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are LandBridge Company LLC's capital expenditures?
LandBridge Company LLC (LB) invested $4.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is LandBridge Company LLC's current ratio?
LandBridge Company LLC (LB) had a current ratio of 4.87 as of fiscal year 2025, which is generally considered healthy.
What is LandBridge Company LLC's debt-to-equity ratio?
LandBridge Company LLC (LB) had a debt-to-equity ratio of 1.64 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is LandBridge Company LLC's return on assets (ROA)?
LandBridge Company LLC (LB) had a return on assets of 5.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is LandBridge Company LLC's P/E ratio?
LandBridge Company LLC (LB) trades at 84.7x earnings, its market capitalization divided by net income of $79.4M net income, trailing 12 months to June 30, 2026. The market capitalization is $6.7B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is LandBridge Company LLC's price-to-sales ratio?
LandBridge Company LLC (LB) trades at 29.9x sales, its market capitalization divided by revenue of $225.5M revenue, trailing 12 months to June 30, 2026. The market capitalization is $6.7B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is LandBridge Company LLC's Altman Z-Score?
LandBridge Company LLC (LB) has an Altman Z-Score of 4.44, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is LandBridge Company LLC's Piotroski F-Score?
LandBridge Company LLC (LB) has a Piotroski F-Score of 6 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are LandBridge Company LLC's earnings high quality?
LandBridge Company LLC (LB) has an earnings quality ratio of 1.74x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can LandBridge Company LLC cover its interest payments?
LandBridge Company LLC (LB) has an interest coverage ratio of 3.62x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is LandBridge Company LLC?
LandBridge Company LLC (LB) scores 72 out of 100 on our Financial Health Score, indicating strong standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.