LandBridge (LB) Net Income (2023 - 2026)
LandBridge's Net Income was $31.05 million in Q2 2026, up 68.1% from $18.48 million a year earlier and up 73.8% from the prior quarter.
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Analysis
LandBridge (LB) Net Income (2023 - 2026) Analysis & Trends
On a trailing twelve-month basis, LandBridge's Net Income was $87.38 million through Jun 30, 2026, up 1.4% year-over-year; for FY2025, it was $72.4 million.
- In earlier years, Net Income was -$41.48 million in FY2024 and $63.17 million in FY2023.
- The Q2 2026 figure marks the highest quarterly Net Income since Q4 2024.
- Compared with a year earlier, Net Income was higher in three of the last four quarters, with growth averaging 15.0%.
- Per Business Quant data, LB's Net Income in the three quarters before Q2 2026 was $17.87 million (Q1 2026), $18.17 million (Q4 2025) and $20.29 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 22.67 Bn | 21.49 Bn | - | 153.93 Mn |
| 2 | Eason Technology | 6.61 Bn | 6.61 Bn | - | - |
| 3 | LandBridge | 6.19 Bn | 6.54 Bn | 65.71 Mn | 31.05 Mn |
| 4 | Millrose Properties | 4.09 Bn | 4.09 Bn | - | 125.88 Mn |
| 5 | St Joe | 3.77 Bn | 3.27 Bn | 73.42 Mn | 40.98 Mn |
| 6 | Vesta Real Estate Corporation, S.A.B. de C.V | 2.87 Bn | 2.87 Bn | - | 101.80 Mn |
| 7 | Opendoor Technologies | 2.30 Bn | -1.52 Bn | 86.00 Mn | -162.10 Mn |
| 8 | Forestar | 1.33 Bn | -18.53 Mn | 84.10 Mn | 36.00 Mn |
| 9 | Five Point Holdings | 699.67 Mn | 728.44 Mn | -23.72 Mn | 29.93 Mn |
| 10 | Tejon Ranch | 441.80 Mn | 376.78 Mn | - | 2.63 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 31.05 Mn |
| Mar 31, 2026 | 17.87 Mn |
| Dec 31, 2025 | 18.17 Mn |
| Sep 30, 2025 | 20.29 Mn |
| Jun 30, 2025 | 18.48 Mn |
| Mar 31, 2025 | 15.46 Mn |
| Dec 31, 2024 | 8.15 Mn |
| Sep 30, 2024 | -2.76 Mn |
| Jun 30, 2024 | -57.65 Mn |
| Mar 31, 2024 | 10.78 Mn |
| Dec 31, 2023 | 2.52 Mn |
| Sep 30, 2023 | 16.63 Mn |
| Jun 30, 2023 | 44.66 Mn |
API Access
LandBridge Net Income 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=net-income&ticker=LB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-income", "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=net-income&ticker=LB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();