LandBridge (LB) Gross Margin (2024 - 2026)
LandBridge (LB) reported Gross Margin of 97.51% for Q1 2026, up 8.0% on a YoY basis from 90.29% in Q1 2025, and little changed quarter-over-quarter from 97.94% in Q4 2025.
LandBridge (LB) Gross Margin (2024 - 2026) Analysis & Trends
LandBridge has reported Gross Margin for 3 years, with the latest figure at 97.51% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 8.0% year-over-year to 97.51%; the trailing twelve-month figure through Mar 2026 stood at 97.74% (up 54.0% YoY), and the FY2025 full-year result was 97.73%, up 62.0% from the prior year.
- Gross Margin for Q1 2026 stood at 97.51%, roughly flat from 97.94% in the prior quarter.
- The five-year high for Gross Margin was 97.94% in Q4 2025, with the low at 96.34% in Q4 2024.
- Historically, Gross Margin has averaged 97.46% across 3 years, with a median of 97.51% in 2024.
- Annual changes were most pronounced in 2025 — Gross Margin jumped 160 bps — and 2026, when it increased 8 bps.
- LandBridge's Gross Margin stood at 96.34% in 2024, then climbed by 2 bps to 97.94% in 2025, then slipped by 0 bps to 97.51% in 2026.
- The last three Gross Margin figures came in at 97.51% (Q1 2026), 97.94% (Q4 2025), and 97.72% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 82.25 Bn | 80.04 Bn | 4.67 Bn | 53.57% |
| 2 | Baker Hughes | 61.96 Bn | 47.38 Bn | 1.51 Bn | 22.98% |
| 3 | Halliburton | 32.79 Bn | 30.84 Bn | 2.04 Bn | 37.69% |
| 4 | TechnipFMC | 26.73 Bn | 25.47 Bn | 1.49 Bn | 59.67% |
| 5 | Enerflex | 8.62 Bn | 8.57 Bn | - | - |
| 6 | Nov | 7.27 Bn | 5.98 Bn | 119.00 Mn | 5.80% |
| 7 | Weatherford International | 6.99 Bn | 5.94 Bn | 876.00 Mn | 76.04% |
| 8 | Archrock | 5.95 Bn | 5.95 Bn | 247.42 Mn | 66.20% |
| 9 | Kodiak Gas Services | 5.60 Bn | 5.50 Bn | 222.88 Mn | 64.46% |
| 10 | LandBridge | 1.96 Bn | 2.39 Bn | 49.74 Mn | 97.51% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 97.51% |
| Dec 31, 2025 | 97.94% |
| Sep 30, 2025 | 97.72% |
| Jun 30, 2025 | 97.76% |
| Mar 31, 2025 | 97.44% |
| Dec 31, 2024 | 96.34% |
| Sep 30, 2024 | 97.51% |
| Jun 30, 2024 | 97.65% |
| Mar 31, 2024 | 97.28% |