LandBridge (LB) Operating Income (2023 - 2026)
LandBridge's (LB) quarterly Operating Income came in at $44.2 million in Q2 2026, up 54.93% on a YoY basis from $28.5 million in Q2 2025, and up 51.34% quarter-over-quarter from $29.2 million in Q1 2026.
Analysis
LandBridge (LB) Operating Income (2023 - 2026) Analysis & Trends
LandBridge (LB) has reported Operating Income for 4 consecutive years, with $44.2 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Income rose 54.93% year-over-year to $44.2 million; the trailing twelve-month figure through Jun 2026 stood at $138.3 million (up 85.02% YoY), and the FY2025 full-year result was $118.5 million, up 817.75% from the prior year.
- Operating Income rose to $44.2 million in Q2 2026 per LB's latest filing, from $29.2 million in the prior quarter.
- Across five years, Operating Income topped out at $45.3 million in Q2 2023 and bottomed at -$51.2 million in Q2 2024.
- Historically, Operating Income has averaged $18.9 million across 4 years, with a median of $25.0 million in 2025.
- The sharpest annual moves came in 2024 and 2025: Operating Income sank 213.05% in 2024, then soared 869.09% in 2025.
- Over 4 years, Operating Income stood at $5.4 million in 2023, then jumped by 232.21% to $18.0 million in 2024, then surged by 89.11% to $34.1 million in 2025, then grew by 29.59% to $44.2 million in 2026.
- According to Business Quant data, Operating Income over the past three periods registered $44.2 million, $29.2 million, and $34.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 25.00 Bn | 24.76 Bn | - | 191.82 Mn |
| 2 | Eason Technology | 6.75 Bn | 6.75 Bn | - | - |
| 3 | LandBridge | 6.64 Bn | 7.07 Bn | 65.51 Mn | 44.16 Mn |
| 4 | Vesta Real Estate Corporation, S.A.B. de C.V | 3.07 Bn | 6.22 Bn | - | 71.50 Mn |
| 5 | Opendoor Technologies | 3.05 Bn | 2.16 Bn | 86.00 Mn | -144.00 Mn |
| 6 | Kennedy-Wilson Holdings | 1.52 Bn | 1.37 Bn | 83.20 Mn | -26.50 Mn |
| 7 | Frp Holdings | 433.69 Mn | 433.69 Mn | - | 1.46 Mn |
| 8 | American Realty Investors | 250.20 Mn | 445.20 Mn | - | -2.55 Mn |
| 9 | Belpointe PREP | 188.11 Mn | 188.11 Mn | - | - |
| 10 | Star Holdings | 119.97 Mn | 86.41 Mn | 5.31 Mn | -16.30 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 44.16 Mn |
| Mar 31, 2026 | 29.18 Mn |
| Dec 31, 2025 | 34.08 Mn |
| Sep 30, 2025 | 30.89 Mn |
| Jun 30, 2025 | 28.50 Mn |
| Mar 31, 2025 | 25.04 Mn |
| Dec 31, 2024 | 18.02 Mn |
| Sep 30, 2024 | 3.19 Mn |
| Jun 30, 2024 | -51.24 Mn |
| Mar 31, 2024 | 13.52 Mn |
| Dec 31, 2023 | 5.42 Mn |
| Sep 30, 2023 | 19.10 Mn |
| Jun 30, 2023 | 45.32 Mn |