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 | 23.55 Bn | 22.38 Bn | - | 16.60% |
| 2 | St Joe | 3.95 Bn | 3.44 Bn | 73.42 Mn | 22.34% |
| 3 | Millrose Properties | 3.88 Bn | 3.52 Bn | - | 450.09% |
| 4 | LandBridge | 2.22 Bn | 2.09 Bn | 65.71 Mn | 60.20% |
| 5 | Opendoor Technologies | 1.99 Bn | -1.83 Bn | 86.00 Mn | -81.88% |
| 6 | Forestar | 1.30 Bn | -43.39 Mn | 84.10 Mn | 8.03% |
| 7 | Five Point Holdings | 662.61 Mn | -795.01 Mn | -23.72 Mn | -74.28% |
| 8 | Tejon Ranch | 437.20 Mn | 356.82 Mn | - | -50.24% |
| 9 | Nam Tai Property | 260.01 Mn | 78.63 Mn | - | - |
| 10 | Global Asset Management | 182.09 Mn | 179.78 Mn | 236,261.00 | -477.87% |
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();