LandBridge (LB) FCF Margin (2023 - 2026)
LandBridge's (LB) quarterly FCF Margin came in at 60.2% in Q2 2026, down 1573.0% on a YoY basis from 4.09% in Q2 2025, and down 25.0% quarter-over-quarter from 80.27% in Q1 2026.
Powered by 
Analysis
LandBridge (LB) FCF Margin (2023 - 2026) Analysis & Trends
LandBridge (LB) has reported FCF Margin for 4 consecutive years, with 60.2% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, FCF Margin fell 1573.0% year-over-year to 60.2%; the trailing twelve-month figure through Jun 2026 stood at 67.1% (up 1227.0% YoY), and the FY2025 full-year result was 61.3%, up 68.0% from the prior year.
- FCF Margin eased to 60.2% in Q2 2026 per LB's latest filing, from 80.27% in the prior quarter.
- Across five years, FCF Margin topped out at 90.07% in Q1 2024 and bottomed at 25.09% in Q3 2024.
- Historically, FCF Margin has averaged 66.0% across 4 years, with a median of 68.5% in 2023.
- The sharpest annual moves came in 2024 and 2026: FCF Margin plunged 6466 bps in 2024, then jumped 4422 bps in 2026.
- Over 4 years, FCF Margin stood at 70.65% in 2023, then climbed by 4 bps to 73.16% in 2024, then slipped by 12 bps to 64.07% in 2025, then declined by 6 bps to 60.2% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 60.2%, 80.27%, and 64.07% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 25.83 Bn | 25.58 Bn | - | 28.47% |
| 2 | Eason Technology | 6.12 Bn | 6.12 Bn | - | - |
| 3 | Opendoor Technologies | 2.91 Bn | 2.02 Bn | 86.00 Mn | -81.88% |
| 4 | Vesta Real Estate Corporation, S.A.B. de C.V | 2.87 Bn | 2.87 Bn | - | 206.32% |
| 5 | LandBridge | 2.44 Bn | 2.40 Bn | 65.51 Mn | 60.20% |
| 6 | Kennedy-Wilson Holdings | 1.52 Bn | 1.37 Bn | 83.20 Mn | -107.68% |
| 7 | Frp Holdings | 420.67 Mn | 420.67 Mn | - | - |
| 8 | American Realty Investors | 250.20 Mn | 250.20 Mn | - | -72.40% |
| 9 | Belpointe PREP | 186.60 Mn | 186.60 Mn | - | - |
| 10 | Star Holdings | 114.16 Mn | 79.35 Mn | 5.31 Mn | -15.17% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 60.20% |
| Mar 31, 2026 | 80.27% |
| Dec 31, 2025 | 64.07% |
| Sep 30, 2025 | 66.35% |
| Jun 30, 2025 | 75.93% |
| Mar 31, 2025 | 36.05% |
| Dec 31, 2024 | 73.16% |
| Sep 30, 2024 | 25.09% |
| Jun 30, 2024 | 60.39% |
| Mar 31, 2024 | 90.07% |
| Dec 31, 2023 | 70.65% |
| Sep 30, 2023 | 89.75% |