LandBridge (LB) EBT (2023 - 2026)
LandBridge's EBT was $34.95 million in Q2 2026, up 69.5% from $20.62 million a year earlier and up 77.8% from the prior quarter.
Powered by 
Analysis
LandBridge (LB) EBT (2023 - 2026) Analysis & Trends
On a trailing twelve-month basis, LandBridge's EBT was $98.39 million through Jun 30, 2026, up 120.0% year-over-year; for FY2025, it was $81.47 million.
- In earlier years, EBT was -$39.6 million in FY2024 and $63.54 million in FY2023.
- The Q2 2026 figure marks the highest quarterly EBT since Q2 2023.
- Compared with a year earlier, EBT has increased for three straight quarters, with growth averaging 110.7% over the last five quarters.
- Per Business Quant data, LB's EBT in the three quarters before Q2 2026 was $19.66 million (Q1 2026), $20.79 million (Q4 2025) and $23 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 19.11 Bn | 18.10 Bn | - | 210.39 Mn |
| 2 | Howard Hughes Holdings | 5.04 Bn | -3.84 Bn | 435.75 Mn | 1.13 Mn |
| 3 | Millrose Properties | 4.44 Bn | 4.25 Bn | - | 134.89 Mn |
| 4 | St Joe | 4.20 Bn | 3.70 Bn | 80.65 Mn | 49.96 Mn |
| 5 | Vesta Real Estate Corporation, S.A.B. de C.V | 3.25 Bn | 2.06 Bn | - | 104.00 Mn |
| 6 | LandBridge | 1.86 Bn | 1.73 Bn | 65.71 Mn | 34.95 Mn |
| 7 | Opendoor Technologies | 1.28 Bn | -2.49 Bn | 38.00 Mn | -217.00 Mn |
| 8 | Forestar | 1.24 Bn | -111.63 Mn | 84.10 Mn | 48.70 Mn |
| 9 | Tejon Ranch | 475.02 Mn | 406.89 Mn | - | 4.74 Mn |
| 10 | Frp Holdings | 377.26 Mn | -71.79 Mn | - | 2.00 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 |
API Access
LandBridge EBT 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=ebt&ticker=LB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt", "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=ebt&ticker=LB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();