LandBridge (LB) Gross Margin (2024 - 2026)
LandBridge (LB) posted Gross Margin of 97.51% for Q1 2026, little changed on a QoQ basis from 97.94% in Q4 2025, and up 8.0% year-over-year from 90.29% in Q1 2025.
LandBridge (LB) Gross Margin (2024 - 2026) Analysis & Trends
LandBridge's Gross Margin history runs 3 years deep, the most recent figure standing at 97.51% for Q1 2026.
- Quarterly Gross Margin rose 8.0% year-over-year to 97.51% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 97.74% (up 54.0% YoY) and the FY2025 annual result came in at 97.73%, up 62.0% from the prior year.
- Gross Margin was 97.51% for Q1 2026 at LandBridge, roughly flat from 97.94% in the prior quarter.
- Across five years, Gross Margin topped out at 97.94% in Q4 2025 and bottomed at 96.34% in Q4 2024.
- A 3-year average of 97.46% and a median of 97.51% in 2024 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2025 — Gross Margin jumped 160 bps — and 2026, when it advanced 8 bps.
- LandBridge's Gross Margin stood at 96.34% in 2024, then increased by 2 bps to 97.94% in 2025, then declined by 0 bps to 97.51% in 2026.
- Business Quant data shows LB's Gross Margin at 97.51% in Q1 2026, 97.94% in Q4 2025, and 97.72% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 78.08 Bn | 74.69 Bn | 5.38 Bn | 61.69% |
| 2 | Tenaris | 58.18 Bn | 46.31 Bn | 1.05 Bn | 33.87% |
| 3 | TechnipFMC | 30.64 Bn | 29.36 Bn | 1.64 Bn | 65.69% |
| 4 | Halliburton | 27.87 Bn | 25.86 Bn | 2.04 Bn | 37.69% |
| 5 | Nov | 7.48 Bn | 6.14 Bn | 379.00 Mn | 18.47% |
| 6 | Weatherford International | 6.35 Bn | 5.21 Bn | 776.00 Mn | 70.23% |
| 7 | Archrock | 6.34 Bn | 6.34 Bn | 247.42 Mn | 66.20% |
| 8 | Oceaneering International | 5.28 Bn | 4.67 Bn | 127.27 Mn | 18.38% |
| 9 | Kodiak Gas Services | 5.09 Bn | 4.99 Bn | 222.88 Mn | 64.46% |
| 10 | LandBridge | 2.14 Bn | 2.11 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% |