LandBridge (LB) EBITDA Margin (2023 - 2026)
LandBridge's EBITDA Margin came in at 72.61% for Q2 2026, up 7.29 percentage points from 65.32% a year earlier and up 6.73 percentage points from the prior quarter.
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Analysis
LandBridge (LB) EBITDA Margin (2023 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, LandBridge reported EBITDA Margin of 68.05%, up 14.04 percentage points year-over-year; for FY2025, it came in at 65.28%, up 72.22 percentage points from FY2024.
- Going back by year, EBITDA Margin was -6.94% in FY2024 (-115.05 pp) and 108.11% in FY2023.
- The Q2 2026 figure represents the highest quarterly EBITDA Margin since Q1 2024.
- Year-over-year, EBITDA Margin has increased for five consecutive quarters, with an average year-over-year change of +26.44 percentage points over the last eight quarters.
- The fastest year-over-year change in EBITDA Margin over five years came in Q2 2025 (a gain of 254.60 percentage points), and the weakest in Q2 2024 (a drop of 407.64 percentage points).
- Business Quant data shows LB's EBITDA Margin at 65.88% (Q1 2026), 66.60% (Q4 2025) and 65.84% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 22.67 Bn | 21.49 Bn | - | 84.72% |
| 2 | Eason Technology | 6.61 Bn | 6.61 Bn | - | - |
| 3 | LandBridge | 6.19 Bn | 6.54 Bn | 65.71 Mn | 72.61% |
| 4 | Millrose Properties | 4.09 Bn | 4.09 Bn | - | - |
| 5 | St Joe | 3.77 Bn | 3.27 Bn | 73.42 Mn | 41.66% |
| 6 | Vesta Real Estate Corporation, S.A.B. de C.V | 2.87 Bn | 2.87 Bn | - | 91.85% |
| 7 | Opendoor Technologies | 2.30 Bn | -1.52 Bn | 86.00 Mn | -15.40% |
| 8 | Forestar | 1.33 Bn | -18.53 Mn | 84.10 Mn | 11.43% |
| 9 | Five Point Holdings | 699.67 Mn | 728.44 Mn | -23.72 Mn | -311.27% |
| 10 | Tejon Ranch | 441.80 Mn | 376.78 Mn | - | 12.20% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 72.61% |
| Mar 31, 2026 | 65.88% |
| Dec 31, 2025 | 66.60% |
| Sep 30, 2025 | 65.84% |
| Jun 30, 2025 | 65.32% |
| Mar 31, 2025 | 62.88% |
| Dec 31, 2024 | 56.44% |
| Sep 30, 2024 | 18.34% |
| Jun 30, 2024 | -189.28% |
| Mar 31, 2024 | 82.39% |
| Dec 31, 2023 | 44.62% |
| Sep 30, 2023 | 121.73% |
| Jun 30, 2023 | 218.35% |
API Access
LandBridge EBITDA Margin 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-margin&ticker=LB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "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-margin&ticker=LB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();