LandBridge (LB) EBT (2023 - 2026)
LandBridge's (LB) quarterly EBT came in at $35.0 million in Q2 2026, up 69.48% on a YoY basis from $20.6 million in Q2 2025, and up 77.8% quarter-over-quarter from $19.7 million in Q1 2026.
Analysis
LandBridge (LB) EBT (2023 - 2026) Analysis & Trends
LandBridge (LB) has reported EBT for 4 consecutive years, with $35.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EBT rose 69.48% year-over-year to $35.0 million; the trailing twelve-month figure through Jun 2026 stood at $98.4 million (up 120.02% YoY), and the FY2025 full-year result was $81.5 million, up 305.7% from the prior year.
- EBT grew to $35.0 million in Q2 2026 per LB's latest filing, from $19.7 million in the prior quarter.
- Across five years, EBT topped out at $44.8 million in Q2 2023 and bottomed at -$57.5 million in Q2 2024.
- Historically, EBT has averaged $12.4 million across 4 years, with a median of $17.1 million in 2025.
- The sharpest annual moves came in 2024 and 2025: EBT tumbled 228.5% in 2024, then surged 692.07% in 2025.
- Over 4 years, EBT stood at $2.6 million in 2023, then jumped by 321.75% to $10.9 million in 2024, then jumped by 90.36% to $20.8 million in 2025, then jumped by 68.15% to $35.0 million in 2026.
- According to Business Quant data, EBT over the past three periods registered $35.0 million, $19.7 million, and $20.8 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 25.83 Bn | 25.58 Bn | - | 193.70 Mn |
| 2 | Eason Technology | 6.12 Bn | 6.12 Bn | - | - |
| 3 | Opendoor Technologies | 2.91 Bn | 2.02 Bn | 86.00 Mn | -162.00 Mn |
| 4 | Vesta Real Estate Corporation, S.A.B. de C.V | 2.87 Bn | 2.87 Bn | - | 98.80 Mn |
| 5 | LandBridge | 2.44 Bn | 2.40 Bn | 65.51 Mn | 34.95 Mn |
| 6 | Kennedy-Wilson Holdings | 1.52 Bn | 1.37 Bn | 83.20 Mn | 13.00 Mn |
| 7 | Frp Holdings | 420.67 Mn | 420.67 Mn | - | -424,000.00 |
| 8 | American Realty Investors | 250.20 Mn | 250.20 Mn | - | -2.54 Mn |
| 9 | Belpointe PREP | 186.60 Mn | 186.60 Mn | - | - |
| 10 | Star Holdings | 114.16 Mn | 79.35 Mn | 5.31 Mn | -20.38 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 34.95 Mn |
| Mar 31, 2026 | 19.66 Mn |
| Dec 31, 2025 | 20.79 Mn |
| Sep 30, 2025 | 23.00 Mn |
| Jun 30, 2025 | 20.62 Mn |
| Mar 31, 2025 | 17.06 Mn |
| Dec 31, 2024 | 10.92 Mn |
| Sep 30, 2024 | -3.88 Mn |
| Jun 30, 2024 | -57.52 Mn |
| Mar 31, 2024 | 10.88 Mn |
| Dec 31, 2023 | 2.59 Mn |
| Sep 30, 2023 | 16.74 Mn |
| Jun 30, 2023 | 44.76 Mn |