LandBridge (LB) Debt Ratio (2023 - 2026)
LandBridge's (LB) quarterly Debt Ratio came in at 0.39 in Q2 2026, up 11.79% on a YoY basis from 0.35 in Q2 2025, and down 1.06% quarter-over-quarter from 0.39 in Q1 2026.
Analysis
LandBridge (LB) Debt Ratio (2023 - 2026) Analysis & Trends
LandBridge (LB) has reported Debt Ratio for 4 consecutive years, with 0.39 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Debt Ratio rose 11.79% year-over-year to 0.39; the trailing twelve-month figure through Jun 2026 stood at 0.39 (up 11.79% YoY), and the FY2025 full-year result was 0.41, up 11.08% from the prior year.
- Debt Ratio declined to 0.39 in Q2 2026 per LB's latest filing, from 0.39 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.56 in Q2 2024 and bottomed at 0.34 in Q3 2025.
- Historically, Debt Ratio has averaged 0.4 across 4 years, with a median of 0.39 in 2026.
- The sharpest annual moves came in 2025 and 2026: Debt Ratio tumbled 37.57% in 2025, then climbed 11.79% in 2026.
- Over 4 years, Debt Ratio stood at 0.45 in 2023, then decreased by 17.09% to 0.37 in 2024, then rose by 11.08% to 0.41 in 2025, then retreated by 5.16% to 0.39 in 2026.
- According to Business Quant data, Debt Ratio over the past three periods registered 0.39, 0.39, and 0.41 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 25.25 Bn | 25.00 Bn | - | - |
| 2 | Eason Technology | 6.05 Bn | 6.05 Bn | - | - |
| 3 | Vesta Real Estate Corporation, S.A.B. de C.V | 2.85 Bn | 2.85 Bn | - | 0.24 |
| 4 | Opendoor Technologies | 2.70 Bn | 1.80 Bn | 86.00 Mn | 0.60 |
| 5 | LandBridge | 2.41 Bn | 2.37 Bn | 65.51 Mn | 0.39 |
| 6 | Kennedy-Wilson Holdings | 1.52 Bn | 1.37 Bn | 83.20 Mn | 0.38 |
| 7 | Frp Holdings | 423.91 Mn | 423.91 Mn | - | 0.28 |
| 8 | American Realty Investors | 251.43 Mn | 251.43 Mn | - | 0.20 |
| 9 | Belpointe PREP | 187.01 Mn | 187.01 Mn | - | - |
| 10 | Star Holdings | 114.77 Mn | 79.96 Mn | 5.31 Mn | 0.41 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.39 |
| Mar 31, 2026 | 0.39 |
| Dec 31, 2025 | 0.41 |
| Sep 30, 2025 | 0.34 |
| Jun 30, 2025 | 0.35 |
| Mar 31, 2025 | 0.36 |
| Dec 31, 2024 | 0.37 |
| Sep 30, 2024 | 0.40 |
| Jun 30, 2024 | 0.56 |
| Dec 31, 2023 | 0.45 |