LandBridge (LB) Gross Margin (2024 - 2026)
LandBridge's (LB) quarterly Gross Margin came in at 97.51% in Q1 2026, up 8.0% YoY from 90.29% in Q1 2025, and little changed on a QoQ basis from 97.94% in Q4 2025.
LandBridge (LB) Gross Margin (2024 - 2026) Analysis & Trends
LandBridge (LB) has 3 years of Gross Margin data on file, last reported at 97.51% in 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 little changed at 97.51% in Q1 2026, from 97.94% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 97.94% in Q4 2025 to a low of 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 increased 8 bps.
- Tracing LB's Gross Margin over 3 years: 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 | 79.95 Bn | 75.87 Bn | 4.63 Bn | 51.63% |
| 2 | Baker Hughes | 62.26 Bn | 46.53 Bn | 1.58 Bn | 23.46% |
| 3 | Tenaris | 53.14 Bn | 44.12 Bn | 984.66 | - |
| 4 | TechnipFMC | 30.70 Bn | 29.46 Bn | 1.40 Bn | 50.62% |
| 5 | Halliburton | 29.75 Bn | 27.71 Bn | 2.10 Bn | 36.80% |
| 6 | Nov | 7.28 Bn | 6.12 Bn | 521.00 Mn | 24.41% |
| 7 | Weatherford International | 6.57 Bn | 5.43 Bn | 662.00 Mn | 59.91% |
| 8 | Kodiak Gas Services | 5.74 Bn | 5.61 Bn | 246.76 Mn | 63.09% |
| 9 | Archrock | 5.62 Bn | 5.62 Bn | 244.51 Mn | 65.86% |
| 10 | LandBridge | 2.45 Bn | 2.41 Bn | 65.51 Mn | 98.01% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 98.01% |
| 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% |