LandBridge (LB) Operating Income (2023 - 2026)
LandBridge's Operating Income was $44.16 million in Q2 2026, up 54.9% from $28.5 million a year earlier and up 51.3% from the prior quarter.
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Analysis
LandBridge (LB) Operating Income (2023 - 2026) Analysis & Trends
On a trailing twelve-month basis, LandBridge's Operating Income was $138.3 million through Jun 30, 2026, up 85.0% year-over-year; for FY2025, it came in at $118.5 million.
- In earlier years, Operating Income was -$16.51 million in FY2024 and $70.01 million in FY2023.
- The Q2 2026 figure marks the highest quarterly Operating Income since Q2 2023.
- Compared with a year earlier, Operating Income has increased for four straight quarters, with growth averaging 180.5% over the last seven quarters.
- Per Business Quant data, LB's Operating Income in the three quarters before Q2 2026 was $29.18 million (Q1 2026), $34.08 million (Q4 2025) and $30.89 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 23.83 Bn | 22.66 Bn | - | 191.82 Mn |
| 2 | St Joe | 3.87 Bn | 3.36 Bn | 73.42 Mn | 54.77 Mn |
| 3 | Millrose Properties | 3.65 Bn | 3.29 Bn | - | 167.63 Mn |
| 4 | LandBridge | 2.24 Bn | 2.11 Bn | 65.71 Mn | 44.16 Mn |
| 5 | Opendoor Technologies | 1.97 Bn | -1.85 Bn | 86.00 Mn | -144.00 Mn |
| 6 | Forestar | 1.28 Bn | -66.65 Mn | 84.10 Mn | 45.80 Mn |
| 7 | Five Point Holdings | 634.45 Mn | -823.18 Mn | -23.72 Mn | -45.21 Mn |
| 8 | Tejon Ranch | 435.85 Mn | 355.47 Mn | - | 348,000.00 |
| 9 | Nam Tai Property | 260.01 Mn | 78.63 Mn | - | - |
| 10 | Global Asset Management | 215.67 Mn | 213.36 Mn | 236,261.00 | -735,998.00 |
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 |
API Access
LandBridge Operating 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=operating-income&ticker=LB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-income&ticker=LB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();