LandBridge (LB) Free Cash Flow (2023 - 2026)
LandBridge (LB) posted Free Cash Flow of $40.9 million for Q1 2026, up 12.55% on a QoQ basis from $36.4 million in Q4 2025, and up 158.39% year-over-year from $15.8 million in Q1 2025.
LandBridge (LB) Free Cash Flow (2023 - 2026) Analysis & Trends
LandBridge's Free Cash Flow history runs 4 years deep, the most recent figure standing at $40.9 million for Q1 2026.
- Quarterly Free Cash Flow rose 158.39% year-over-year to $40.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $147.1 million (up 125.08% YoY) and the FY2025 annual result came in at $122.0 million, up 83.1% from the prior year.
- Free Cash Flow was $40.9 million for Q1 2026 at LandBridge, up from $36.4 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $40.9 million in Q1 2026 and bottomed at $7.1 million in Q3 2024.
- A 4-year average of $23.4 million and a median of $17.1 million in 2024 frame the typical range for Free Cash Flow.
- Annual changes were most pronounced in 2024 — Free Cash Flow tumbled 55.26% — and 2025, when it jumped 371.88%.
- LandBridge's Free Cash Flow stood at $12.3 million in 2023, then jumped by 116.51% to $26.7 million in 2024, then soared by 36.22% to $36.4 million in 2025, then climbed by 12.55% to $40.9 million in 2026.
- Business Quant data shows LB's Free Cash Flow at $40.9 million in Q1 2026, $36.4 million in Q4 2025, and $33.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 78.08 Bn | 74.69 Bn | 5.38 Bn | 490.00 Mn |
| 2 | Tenaris | 58.18 Bn | 46.31 Bn | 1.05 Bn | 732.12 Mn |
| 3 | TechnipFMC | 30.64 Bn | 29.36 Bn | 1.64 Bn | 276.90 Mn |
| 4 | Halliburton | 27.87 Bn | 25.86 Bn | 2.04 Bn | 81.00 Mn |
| 5 | Nov | 7.48 Bn | 6.14 Bn | 379.00 Mn | -91.00 Mn |
| 6 | Weatherford International | 6.35 Bn | 5.21 Bn | 776.00 Mn | 133.00 Mn |
| 7 | Archrock | 6.34 Bn | 6.34 Bn | 247.42 Mn | 72.37 Mn |
| 8 | Oceaneering International | 5.28 Bn | 4.67 Bn | 127.27 Mn | -76.52 Mn |
| 9 | Kodiak Gas Services | 5.09 Bn | 4.99 Bn | 222.88 Mn | -47.19 Mn |
| 10 | LandBridge | 2.14 Bn | 2.11 Bn | 49.74 Mn | 40.94 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 40.94 Mn |
| Mar 31, 2026 | 40.94 Mn |
| Dec 31, 2025 | 36.38 Mn |
| Dec 31, 2025 | 36.38 Mn |
| Sep 30, 2025 | 33.73 Mn |
| Sep 30, 2025 | 33.73 Mn |
| Jun 30, 2025 | 36.09 Mn |
| Jun 30, 2025 | 36.09 Mn |
| Mar 31, 2025 | 15.84 Mn |
| Mar 31, 2025 | 15.84 Mn |
| Dec 31, 2024 | 26.70 Mn |
| Dec 31, 2024 | 26.70 Mn |
| Sep 30, 2024 | 7.15 Mn |
| Sep 30, 2024 | 7.15 Mn |
| Jun 30, 2024 | 15.67 Mn |
| Jun 30, 2024 | 15.67 Mn |
| Mar 31, 2024 | 17.13 Mn |
| Mar 31, 2024 | 17.13 Mn |
| Dec 31, 2023 | 12.33 Mn |
| Dec 31, 2023 | 12.33 Mn |