LB
LandBridge Company LLC
NYSE: LB · ENERGY · OIL & GAS EQUIPMENT & SERVICES
$68.70
+1.13% today
Updated 2026-04-29
Market cap
$5.47B
P/E ratio
73.87
P/S ratio
27.46x
EPS (TTM)
$0.93
Dividend yield
0.59%
52W range
$44 – $87
Volume
0.4M
LandBridge Company LLC (LB) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $51.78M | $72.86M | $109.95M | $199.09M |
| Revenue growth (YoY) | — | +40.7% | +50.9% | +81.1% |
| Cost of revenue | $10.56M | $12.21M | $10.99M | $18.01M |
| Gross profit | $41.22M | $60.66M | $98.97M | $181.08M |
| Gross margin | 79.6% | 83.2% | 90.0% | 91.0% |
| R&D | — | — | — | — |
| SG&A | $41.80M | $12.09M | $112.30M | $62.45M |
| Operating income | $-3.23M | $70.01M | $-16.51M | $118.50M |
| Operating margin | -6.2% | 96.1% | -15.0% | 59.5% |
| EBITDA | $3.63M | $79.16M | $-7.47M | $125.64M |
| EBITDA margin | 7.0% | 108.6% | -6.8% | 63.1% |
| EBIT | $-3.09M | $70.56M | $-16.27M | $114.17M |
| Interest expense | $3.11M | $7.02M | $23.34M | $32.71M |
| Income tax | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-6.36M | $63.17M | $5.11M | $30.13M |
| Net income growth (YoY) | — | +1093.1% | -91.9% | +489.6% |
| Profit margin | -12.3% | 86.7% | 4.6% | 15.1% |