LandBridge (LB) Net Margin (2023 - 2026)
LandBridge (LB) reported Net Margin of 35.03% for Q1 2026, down 14.0% on a YoY basis from 40.73% in Q1 2025, and down 10.64% quarter-over-quarter from 39.2% in Q4 2025.
LandBridge (LB) Net Margin (2023 - 2026) Analysis & Trends
LandBridge has reported Net Margin for 4 years, with the latest figure at 35.03% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 14.0% year-over-year to 35.03%; the trailing twelve-month figure through Mar 2026 stood at 38.27% (up 6555.0% YoY), and the FY2025 full-year result was 38.42%, up 7614.0% from the prior year.
- Net Margin for Q1 2026 stood at 35.03%, down from 39.2% in the prior quarter.
- The five-year high for Net Margin was 205.62% in Q2 2023, with the low at 222.14% in Q2 2024.
- Historically, Net Margin has averaged 29.08% across 4 years, with a median of 37.02% in 2025.
- Annual changes were most pronounced in 2024 — Net Margin sank 42776 bps — and 2025, when it soared 26101 bps.
- LandBridge's Net Margin stood at 14.45% in 2023, then surged by 55 bps to 22.34% in 2024, then jumped by 75 bps to 39.2% in 2025, then declined by 11 bps to 35.03% in 2026.
- The last three Net Margin figures came in at 35.03% (Q1 2026), 39.2% (Q4 2025), and 39.92% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 82.25 Bn | 80.04 Bn | 4.67 Bn | 8.73% |
| 2 | Baker Hughes | 61.96 Bn | 47.38 Bn | 1.51 Bn | 14.24% |
| 3 | Halliburton | 32.79 Bn | 30.84 Bn | 2.04 Bn | 8.59% |
| 4 | TechnipFMC | 26.73 Bn | 25.47 Bn | 1.49 Bn | 10.43% |
| 5 | Enerflex | 8.62 Bn | 8.57 Bn | - | 19.98% |
| 6 | Nov | 7.27 Bn | 5.98 Bn | 119.00 Mn | 0.97% |
| 7 | Weatherford International | 6.99 Bn | 5.94 Bn | 876.00 Mn | 9.46% |
| 8 | Archrock | 5.95 Bn | 5.95 Bn | 247.42 Mn | 19.87% |
| 9 | Kodiak Gas Services | 5.60 Bn | 5.50 Bn | 222.88 Mn | 5.17% |
| 10 | LandBridge | 1.96 Bn | 2.39 Bn | 49.74 Mn | 35.03% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 35.03% |
| Dec 31, 2025 | 39.20% |
| Sep 30, 2025 | 39.92% |
| Jun 30, 2025 | 38.87% |
| Mar 31, 2025 | 35.17% |
| Dec 31, 2024 | 22.34% |
| Sep 30, 2024 | -9.67% |
| Jun 30, 2024 | -222.14% |
| Mar 31, 2024 | 56.67% |
| Dec 31, 2023 | 14.45% |
| Sep 30, 2023 | 93.45% |
| Jun 30, 2023 | 205.62% |