LandBridge (LB) Net Margin (2023 - 2026)
LandBridge's (LB) quarterly Net Margin came in at 35.03% in Q1 2026, down 14.0% YoY from 40.73% in Q1 2025, and down 24.21% on a QoQ basis from 46.22% in Q4 2025.
LandBridge (LB) Net Margin (2023 - 2026) Analysis & Trends
LandBridge (LB) has 4 years of Net Margin data on file, last reported at 35.03% in Q1 2026.
- Quarterly Net Margin fell 14.0% year-over-year to 35.03% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 40.2% (up 6779.0% YoY) and the FY2025 annual result came in at 40.42%, up 7852.0% from the prior year.
- Net Margin declined to 35.03% in Q1 2026, from 46.22% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 205.62% in Q2 2023 to a low of 222.14% in Q2 2024.
- A 4-year average of 29.57% and a median of 37.02% in 2025 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2024 — Net Margin sank 42776 bps — and 2025, when it soared 26101 bps.
- Tracing LB's Net Margin over 4 years: stood at 14.45% in 2023, then surged by 47 bps to 21.21% in 2024, then surged by 118 bps to 46.22% in 2025, then dropped by 24 bps to 35.03% in 2026.
- The last three Net Margin figures came in at 35.03% (Q1 2026), 46.22% (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 | 79.95 Bn | 75.87 Bn | 4.63 Bn | 9.08% |
| 2 | Baker Hughes | 62.26 Bn | 46.53 Bn | 1.58 Bn | 10.12% |
| 3 | Tenaris | 53.14 Bn | 44.12 Bn | 984.66 | 16.08% |
| 4 | TechnipFMC | 30.70 Bn | 29.46 Bn | 1.40 Bn | 13.24% |
| 5 | Halliburton | 29.75 Bn | 27.71 Bn | 2.10 Bn | 9.42% |
| 6 | Nov | 7.28 Bn | 6.12 Bn | 521.00 Mn | 5.44% |
| 7 | Weatherford International | 6.57 Bn | 5.43 Bn | 662.00 Mn | 3.80% |
| 8 | Kodiak Gas Services | 5.74 Bn | 5.61 Bn | 246.76 Mn | 13.33% |
| 9 | Archrock | 5.62 Bn | 5.62 Bn | 244.51 Mn | 18.09% |
| 10 | LandBridge | 2.45 Bn | 2.41 Bn | 65.51 Mn | 46.45% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 46.45% |
| Mar 31, 2026 | 35.03% |
| Dec 31, 2025 | 46.22% |
| Sep 30, 2025 | 39.92% |
| Jun 30, 2025 | 38.87% |
| Mar 31, 2025 | 35.17% |
| Dec 31, 2024 | 21.21% |
| Sep 30, 2024 | -9.67% |
| Jun 30, 2024 | -222.14% |
| Mar 31, 2024 | 56.68% |
| Dec 31, 2023 | 14.45% |
| Sep 30, 2023 | 93.45% |
| Jun 30, 2023 | 205.62% |