LandBridge (LB) Free Cash Flow (2023 - 2026)
LandBridge (LB) posted Free Cash Flow of $40.24 million for Q2 2026, up 11.5% from $36.09 million a year earlier but down 1.7% from the prior quarter.
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Analysis
LandBridge (LB) Free Cash Flow (2023 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Free Cash Flow at LandBridge was $151.28 million, up 76.3% year-over-year; for FY2025, it was $122.04 million, up 83.1% from FY2024.
- In prior years, LandBridge's Free Cash Flow was $66.65 million in FY2024 (+32.6%) and $50.26 million in FY2023.
- Quarterly Free Cash Flow has run from a low of $7.15 million in Q3 2024 to a high of $40.94 million in Q1 2026 over five years.
- On a year-over-year basis, Free Cash Flow has increased in each of the last five quarters, with growth averaging 95.3% over the last eight quarters.
- The strongest year-over-year quarter for Free Cash Flow in the past five years was Q3 2025, with growth of 371.9%; the weakest was Q3 2024, with a decline of 55.3%.
- According to Business Quant data, Free Cash Flow for the three prior quarters was $40.94 million (Q1 2026), $36.38 million (Q4 2025) and $33.73 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 19.11 Bn | 18.10 Bn | - | 165.83 Mn |
| 2 | Howard Hughes Holdings | 5.04 Bn | -3.84 Bn | 435.75 Mn | 255.40 Mn |
| 3 | Millrose Properties | 4.44 Bn | 4.25 Bn | - | 875.10 Mn |
| 4 | St Joe | 4.20 Bn | 3.70 Bn | 80.65 Mn | 46.79 Mn |
| 5 | Vesta Real Estate Corporation, S.A.B. de C.V | 3.25 Bn | 2.06 Bn | - | 288.69 Mn |
| 6 | LandBridge | 1.86 Bn | 1.73 Bn | 65.71 Mn | 40.24 Mn |
| 7 | Opendoor Technologies | 1.28 Bn | -2.49 Bn | 38.00 Mn | -836.00 Mn |
| 8 | Forestar | 1.24 Bn | -111.63 Mn | 84.10 Mn | 32.70 Mn |
| 9 | Tejon Ranch | 475.02 Mn | 406.89 Mn | - | -4.56 Mn |
| 10 | Frp Holdings | 377.26 Mn | -71.79 Mn | - | -12.01 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 40.24 Mn |
| Mar 31, 2026 | 40.94 Mn |
| Dec 31, 2025 | 36.38 Mn |
| Sep 30, 2025 | 33.73 Mn |
| Jun 30, 2025 | 36.09 Mn |
| Mar 31, 2025 | 15.84 Mn |
| Dec 31, 2024 | 26.70 Mn |
| Sep 30, 2024 | 7.15 Mn |
| Jun 30, 2024 | 15.67 Mn |
| Mar 31, 2024 | 17.13 Mn |
| Dec 31, 2023 | 12.33 Mn |
| Sep 30, 2023 | 15.98 Mn |
API Access
LandBridge Free Cash Flow 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=free-cash-flow&ticker=LB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=LB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();