LandBridge (LB) Gross Margin (2023 - 2026)
LandBridge's (LB) quarterly Gross Margin came in at 98.01% in Q2 2026, up 25.0% on a YoY basis from 78.41% in Q2 2025, and up 0.51% quarter-over-quarter from 97.51% in Q1 2026.
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LandBridge (LB) Gross Margin (2023 - 2026) Analysis & Trends
LandBridge (LB) has reported Gross Margin for 4 consecutive years, with 98.01% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 25.0% year-over-year to 98.01%; the trailing twelve-month figure through Jun 2026 stood at 97.82% (up 52.0% YoY), and the FY2025 full-year result was 97.73%, up 62.0% from the prior year.
- Gross Margin climbed to 98.01% in Q2 2026 per LB's latest filing, from 97.51% in the prior quarter.
- Across five years, Gross Margin topped out at 98.01% in Q2 2026 and bottomed at 94.36% in Q3 2023.
- Historically, Gross Margin has averaged 97.07% across 4 years, with a median of 97.51% in 2024.
- The widest YoY moves for Gross Margin: up 315 bps in 2024, down 158 bps in 2024.
- Over 4 years, Gross Margin stood at 97.91% in 2023, then dropped by 2 bps to 96.34% in 2024, then increased by 2 bps to 97.94% in 2025, then gained by 0 bps to 98.01% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 98.01%, 97.51%, and 97.94% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 25.83 Bn | 25.58 Bn | - | - |
| 2 | Eason Technology | 6.12 Bn | 6.12 Bn | - | - |
| 3 | Opendoor Technologies | 2.91 Bn | 2.02 Bn | 86.00 Mn | 9.74% |
| 4 | Vesta Real Estate Corporation, S.A.B. de C.V | 2.87 Bn | 2.87 Bn | - | - |
| 5 | LandBridge | 2.44 Bn | 2.40 Bn | 65.51 Mn | 98.01% |
| 6 | Kennedy-Wilson Holdings | 1.52 Bn | 1.37 Bn | 83.20 Mn | 70.99% |
| 7 | Frp Holdings | 420.67 Mn | 420.67 Mn | - | - |
| 8 | American Realty Investors | 250.20 Mn | 250.20 Mn | - | - |
| 9 | Belpointe PREP | 186.60 Mn | 186.60 Mn | - | - |
| 10 | Star Holdings | 114.16 Mn | 79.35 Mn | 5.31 Mn | 27.41% |
Historic Data
Download Data
Historic 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 | 97.52% |
| Mar 31, 2024 | 96.46% |
| Dec 31, 2023 | 97.91% |
| Sep 30, 2023 | 94.36% |
| Jun 30, 2023 | 95.40% |