LandBridge (LB) EBITDA (2023 - 2026)
LandBridge's EBITDA was $48.53 million in Q2 2026, up 56.3% from $31.05 million a year earlier and up 44.4% from the prior quarter.
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Analysis
LandBridge (LB) EBITDA (2023 - 2026) Analysis & Trends
On a trailing twelve-month basis, LandBridge's EBITDA was $153.42 million through Jun 30, 2026, up 81.5% year-over-year; for FY2025, it was $129.97 million.
- In earlier years, EBITDA was -$7.64 million in FY2024 and $78.77 million in FY2023.
- The Q2 2026 figure marks the highest quarterly EBITDA in data going back to Q2 2023.
- Compared with a year earlier, EBITDA has increased for four straight quarters, with growth averaging 123.9% over the last seven quarters.
- Per Business Quant data, LB's EBITDA in the three quarters before Q2 2026 was $33.6 million (Q1 2026), $37.82 million (Q4 2025) and $33.47 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 19.07 Bn | 18.06 Bn | - | 230.62 Mn |
| 2 | Howard Hughes Holdings | 5.05 Bn | -3.82 Bn | 435.75 Mn | 203.02 Mn |
| 3 | Millrose Properties | 4.44 Bn | 4.26 Bn | - | - |
| 4 | St Joe | 4.22 Bn | 3.72 Bn | 80.65 Mn | 72.89 Mn |
| 5 | Vesta Real Estate Corporation, S.A.B. de C.V | 3.25 Bn | 2.06 Bn | - | 76.40 Mn |
| 6 | LandBridge | 1.86 Bn | 1.73 Bn | 65.71 Mn | 49.12 Mn |
| 7 | Opendoor Technologies | 1.28 Bn | -2.49 Bn | 38.00 Mn | -179.00 Mn |
| 8 | Forestar | 1.24 Bn | -112.65 Mn | 84.10 Mn | 46.50 Mn |
| 9 | Tejon Ranch | 475.15 Mn | 407.03 Mn | - | 4.50 Mn |
| 10 | Frp Holdings | 376.70 Mn | -72.35 Mn | - | 4.57 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 49.12 Mn |
| Mar 31, 2026 | 34.15 Mn |
| Dec 31, 2025 | 38.39 Mn |
| Sep 30, 2025 | 34.01 Mn |
| Jun 30, 2025 | 31.59 Mn |
| Mar 31, 2025 | 28.18 Mn |
| Dec 31, 2024 | 21.11 Mn |
| Sep 30, 2024 | 5.68 Mn |
| Jun 30, 2024 | -48.60 Mn |
| Mar 31, 2024 | 15.86 Mn |
| Dec 31, 2023 | 8.05 Mn |
| Sep 30, 2023 | 21.67 Mn |
| Jun 30, 2023 | 47.43 Mn |
API Access
LandBridge EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda&ticker=LB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda", "ticker": "LB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda&ticker=LB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();