LandBridge (LB) FCF Margin (2023 - 2026)
LandBridge (LB) recorded FCF Margin of 60.20% in Q2 2026, down 15.73 percentage points from 75.93% a year earlier and down 20.06 percentage points from the prior quarter.
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Analysis
LandBridge (LB) FCF Margin (2023 - 2026) Analysis & Trends
On a TTM basis, LandBridge's FCF Margin came in at 67.10% as of Jun 30, 2026, up 12.27 percentage points year-over-year; for FY2025, it came in at 61.30%, up 0.68 percentage points from FY2024.
- Across earlier years, FCF Margin came in at 60.62% in FY2024 (-8.36 pp) and 68.98% in FY2023.
- The Q2 2026 figure is the lowest quarterly FCF Margin since Q1 2025.
- On a year-over-year basis, FCF Margin rose in four of the last eight quarters, with an average year-over-year change of -5.00 percentage points.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 44.22 percentage points in Q1 2026, against a drop of 64.66 percentage points in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 80.27% (Q1 2026), 64.07% (Q4 2025) and 66.35% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 23.31 Bn | 22.14 Bn | - | 61.37% |
| 2 | Eason Technology | 6.61 Bn | 6.61 Bn | - | - |
| 3 | LandBridge | 6.20 Bn | 6.54 Bn | 65.71 Mn | 60.20% |
| 4 | Millrose Properties | 4.06 Bn | 4.06 Bn | - | 450.09% |
| 5 | St Joe | 3.76 Bn | 3.26 Bn | 73.42 Mn | 27.05% |
| 6 | Vesta Real Estate Corporation, S.A.B. de C.V | 2.89 Bn | 2.89 Bn | - | 91.54% |
| 7 | Opendoor Technologies | 2.35 Bn | -1.47 Bn | 86.00 Mn | -81.88% |
| 8 | Forestar | 1.34 Bn | -3.23 Mn | 84.10 Mn | 8.03% |
| 9 | Five Point Holdings | 705.60 Mn | 734.37 Mn | -23.72 Mn | -74.28% |
| 10 | Tejon Ranch | 443.42 Mn | 378.40 Mn | - | -50.24% |
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% |
API Access
LandBridge FCF 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=fcf-margin&ticker=LB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=LB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();