LandBridge (LB) Invested Capital (2023 - 2026)
LandBridge's Invested Capital was $1.37 billion in Q2 2026, up 29.5% from $1.06 billion a year earlier and up 1.8% from the prior quarter.
Powered by 
Analysis
LandBridge (LB) Invested Capital (2023 - 2026) Analysis & Trends
For FY2025, Invested Capital at LandBridge came in at $1.35 billion, up 33.0% from FY2024.
- In earlier years, Invested Capital was $1.02 billion in FY2024 (+264.4%) and $279.43 million in FY2023.
- The Q2 2026 figure marks the highest quarterly Invested Capital in data going back to Q4 2023.
- Compared with a year earlier, Invested Capital has increased for five straight quarters, with growth averaging 77.8% over the last six quarters.
- Per Business Quant data, LB's Invested Capital in the three quarters before Q2 2026 was $1.34 billion (Q1 2026), $1.35 billion (Q4 2025) and $1.06 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 24.01 Bn | 22.84 Bn | - | 1.67 Bn |
| 2 | St Joe | 3.93 Bn | 3.42 Bn | 73.42 Mn | - |
| 3 | Millrose Properties | 3.91 Bn | 3.55 Bn | - | 8.33 Bn |
| 4 | LandBridge | 2.28 Bn | 2.15 Bn | 65.71 Mn | 1.37 Bn |
| 5 | Opendoor Technologies | 1.95 Bn | -1.87 Bn | 86.00 Mn | 2.87 Bn |
| 6 | Forestar | 1.30 Bn | -43.14 Mn | 84.10 Mn | 2.65 Bn |
| 7 | Five Point Holdings | 645.56 Mn | -812.06 Mn | -23.72 Mn | 2.78 Bn |
| 8 | Tejon Ranch | 429.91 Mn | 349.53 Mn | - | 588.86 Mn |
| 9 | Nam Tai Property | 260.01 Mn | 78.63 Mn | - | 352.09 Mn |
| 10 | Global Asset Management | 215.67 Mn | 213.36 Mn | 236,261.00 | 10.92 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.37 Bn |
| Mar 31, 2026 | 1.34 Bn |
| Dec 31, 2025 | 1.35 Bn |
| Sep 30, 2025 | 1.06 Bn |
| Jun 30, 2025 | 1.06 Bn |
| Mar 31, 2025 | 1.03 Bn |
| Dec 31, 2024 | 1.02 Bn |
| Sep 30, 2024 | 681.99 Mn |
| Jun 30, 2024 | 692.44 Mn |
| Dec 31, 2023 | 279.43 Mn |
API Access
LandBridge Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=LB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "LB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=LB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();