LandBridge (LB) EBITDA (2023 - 2026)
LandBridge's (LB) quarterly EBITDA came in at $44.2 million in Q2 2026, up 54.93% on a YoY basis from $28.5 million in Q2 2025, and up 51.34% quarter-over-quarter from $29.2 million in Q1 2026.
Analysis
LandBridge (LB) EBITDA (2023 - 2026) Analysis & Trends
LandBridge (LB) has reported EBITDA for 4 consecutive years, with $44.2 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EBITDA rose 54.93% year-over-year to $44.2 million; the trailing twelve-month figure through Jun 2026 stood at $138.3 million (up 83.06% YoY), and the FY2025 full-year result was $118.5 million, up 951.91% from the prior year.
- EBITDA rose to $44.2 million in Q2 2026 per LB's latest filing, from $29.2 million in the prior quarter.
- Across five years, EBITDA topped out at $45.3 million in Q2 2023 and bottomed at -$51.2 million in Q2 2024.
- Historically, EBITDA has averaged $19.0 million across 4 years, with a median of $25.8 million in 2025.
- The sharpest annual moves came in 2024 and 2025: EBITDA sank 213.05% in 2024, then soared 869.09% in 2025.
- Over 4 years, EBITDA stood at $5.4 million in 2023, then jumped by 232.21% to $18.0 million in 2024, then surged by 89.11% to $34.1 million in 2025, then grew by 29.59% to $44.2 million in 2026.
- According to Business Quant data, EBITDA over the past three periods registered $44.2 million, $29.2 million, and $34.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 25.83 Bn | 25.58 Bn | - | 196.62 Mn |
| 2 | Eason Technology | 6.12 Bn | 6.12 Bn | - | - |
| 3 | Opendoor Technologies | 2.91 Bn | 2.02 Bn | 86.00 Mn | -144.00 Mn |
| 4 | Vesta Real Estate Corporation, S.A.B. de C.V | 2.87 Bn | 2.87 Bn | - | 63.60 Mn |
| 5 | LandBridge | 2.44 Bn | 2.40 Bn | 65.51 Mn | 44.16 Mn |
| 6 | Kennedy-Wilson Holdings | 1.52 Bn | 1.37 Bn | 83.20 Mn | -26.50 Mn |
| 7 | Frp Holdings | 420.67 Mn | 420.67 Mn | - | 1.46 Mn |
| 8 | American Realty Investors | 250.20 Mn | 250.20 Mn | - | 952,000.00 |
| 9 | Belpointe PREP | 186.60 Mn | 186.60 Mn | - | - |
| 10 | Star Holdings | 114.16 Mn | 79.35 Mn | 5.31 Mn | -16.30 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 44.16 Mn |
| Mar 31, 2026 | 29.18 Mn |
| Dec 31, 2025 | 34.08 Mn |
| Sep 30, 2025 | 30.89 Mn |
| Jun 30, 2025 | 28.50 Mn |
| Mar 31, 2025 | 25.84 Mn |
| Dec 31, 2024 | 18.02 Mn |
| Sep 30, 2024 | 3.19 Mn |
| Jun 30, 2024 | -51.24 Mn |
| Mar 31, 2024 | 14.12 Mn |
| Dec 31, 2023 | 5.42 Mn |
| Sep 30, 2023 | 19.10 Mn |
| Jun 30, 2023 | 45.32 Mn |