LandBridge (LB) Free Cash Flow (2023 - 2026)
LandBridge's (LB) quarterly Free Cash Flow came in at $40.2 million in Q2 2026, up 11.49% on a YoY basis from $36.1 million in Q2 2025, and down 1.71% quarter-over-quarter from $40.9 million in Q1 2026.
Analysis
LandBridge (LB) Free Cash Flow (2023 - 2026) Analysis & Trends
LandBridge (LB) has reported Free Cash Flow for 4 consecutive years, with $40.2 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Free Cash Flow rose 11.49% year-over-year to $40.2 million; the trailing twelve-month figure through Jun 2026 stood at $151.3 million (up 76.34% YoY), and the FY2025 full-year result was $122.0 million, up 83.1% from the prior year.
- Free Cash Flow retreated to $40.2 million in Q2 2026 per LB's latest filing, from $40.9 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.
- Historically, Free Cash Flow has averaged $24.8 million across 4 years, with a median of $21.9 million in 2024.
- The sharpest annual moves came in 2024 and 2025: Free Cash Flow sank 55.26% in 2024, then surged 371.88% in 2025.
- Over 4 years, 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 increased by 10.62% to $40.2 million in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered $40.2 million, $40.9 million, and $36.4 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 24.33 Bn | 24.08 Bn | - | 70.05 Mn |
| 2 | Eason Technology | 6.61 Bn | 6.61 Bn | - | - |
| 3 | LandBridge | 6.60 Bn | 7.04 Bn | 65.51 Mn | 40.24 Mn |
| 4 | Vesta Real Estate Corporation, S.A.B. de C.V | 2.98 Bn | 6.13 Bn | - | 161.96 Mn |
| 5 | Opendoor Technologies | 2.48 Bn | 1.58 Bn | 86.00 Mn | -723.00 Mn |
| 6 | Frp Holdings | 403.74 Mn | 403.74 Mn | - | - |
| 7 | American Realty Investors | 263.12 Mn | 458.12 Mn | - | -9.32 Mn |
| 8 | Belpointe PREP | 179.07 Mn | 179.07 Mn | - | - |
| 9 | Star Holdings | 109.70 Mn | 76.15 Mn | 5.31 Mn | -2.94 Mn |
| 10 | Logistic Properties of the Americas | 99.60 Mn | 168.19 Mn | - | 7.35 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 |