LandBridge (LB) Net Margin (2023 - 2026)
LandBridge's (LB) quarterly Net Margin came in at 46.45% in Q2 2026, up 758.0% on a YoY basis from 5.41% in Q2 2025, and up 32.6% quarter-over-quarter from 35.03% in Q1 2026.
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LandBridge (LB) Net Margin (2023 - 2026) Analysis & Trends
LandBridge (LB) has reported Net Margin for 4 consecutive years, with 46.45% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin rose 758.0% year-over-year to 46.45%; the trailing twelve-month figure through Jun 2026 stood at 35.19% (up 354.0% YoY), and the FY2025 full-year result was 32.33%, up 6078.0% from the prior year.
- Net Margin climbed to 46.45% in Q2 2026 per LB's latest filing, from 35.03% in the prior quarter.
- Across five years, Net Margin topped out at 205.62% in Q2 2023 and bottomed at 222.14% in Q2 2024.
- Historically, Net Margin has averaged 25.2% across 4 years, with a median of 38.87% in 2025.
- The sharpest annual moves came in 2024 and 2025: Net Margin slumped 42776 bps in 2024, then jumped 26101 bps in 2025.
- Over 4 years, Net Margin stood at 59.87% in 2023, then jumped by 184 bps to 50.26% in 2024, then tumbled by 64 bps to 17.84% in 2025, then soared by 160 bps to 46.45% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 46.45%, 35.03%, and 17.84% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 25.83 Bn | 25.58 Bn | - | 62.56% |
| 2 | Eason Technology | 6.12 Bn | 6.12 Bn | - | - |
| 3 | Opendoor Technologies | 2.91 Bn | 2.02 Bn | 86.00 Mn | -18.36% |
| 4 | Vesta Real Estate Corporation, S.A.B. de C.V | 2.87 Bn | 2.87 Bn | - | 121.91% |
| 5 | LandBridge | 2.44 Bn | 2.40 Bn | 65.51 Mn | 46.45% |
| 6 | Kennedy-Wilson Holdings | 1.52 Bn | 1.37 Bn | 83.20 Mn | 11.69% |
| 7 | Frp Holdings | 420.67 Mn | 420.67 Mn | - | -3.10% |
| 8 | American Realty Investors | 250.20 Mn | 250.20 Mn | - | -19.21% |
| 9 | Belpointe PREP | 186.60 Mn | 186.60 Mn | - | - |
| 10 | Star Holdings | 114.16 Mn | 79.35 Mn | 5.31 Mn | 214.08% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 46.45% |
| Mar 31, 2026 | 35.03% |
| Dec 31, 2025 | 17.84% |
| Sep 30, 2025 | 39.92% |
| Jun 30, 2025 | 38.87% |
| Mar 31, 2025 | 35.17% |
| Dec 31, 2024 | 50.26% |
| Sep 30, 2024 | -9.67% |
| Jun 30, 2024 | -222.14% |
| Mar 31, 2024 | 56.67% |
| Dec 31, 2023 | -59.87% |
| Sep 30, 2023 | 93.45% |
| Jun 30, 2023 | 205.62% |