LandBridge (LB) Operating Margin (2023 - 2026)
LandBridge's (LB) quarterly Operating Margin came in at 66.07% in Q2 2026, up 610.0% on a YoY basis from 9.3% in Q2 2025, and up 15.49% quarter-over-quarter from 57.21% in Q1 2026.
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LandBridge (LB) Operating Margin (2023 - 2026) Analysis & Trends
LandBridge (LB) has reported Operating Margin for 4 consecutive years, with 66.07% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin rose 610.0% year-over-year to 66.07%; the trailing twelve-month figure through Jun 2026 stood at 61.34% (up 1357.0% YoY), and the FY2025 full-year result was 59.52%, up 7454.0% from the prior year.
- Operating Margin advanced to 66.07% in Q2 2026 per LB's latest filing, from 57.21% in the prior quarter.
- Across five years, Operating Margin topped out at 208.65% in Q2 2023 and bottomed at 197.42% in Q2 2024.
- Historically, Operating Margin has averaged 49.41% across 4 years, with a median of 59.96% in 2025.
- The sharpest annual moves came in 2024 and 2025: Operating Margin slumped 40606 bps in 2024, then soared 25738 bps in 2025.
- Over 4 years, Operating Margin stood at 31.07% in 2023, then surged by 59 bps to 49.37% in 2024, then increased by 22 bps to 60.01% in 2025, then climbed by 10 bps to 66.07% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 66.07%, 57.21%, and 60.01% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 25.00 Bn | 24.76 Bn | - | 77.96% |
| 2 | Eason Technology | 6.75 Bn | 6.75 Bn | - | - |
| 3 | LandBridge | 6.64 Bn | 7.07 Bn | 65.51 Mn | 66.07% |
| 4 | Vesta Real Estate Corporation, S.A.B. de C.V | 3.07 Bn | 6.22 Bn | - | 91.08% |
| 5 | Opendoor Technologies | 3.05 Bn | 2.16 Bn | 86.00 Mn | -16.31% |
| 6 | Kennedy-Wilson Holdings | 1.52 Bn | 1.37 Bn | 83.20 Mn | -22.61% |
| 7 | Frp Holdings | 433.69 Mn | 433.69 Mn | - | 13.16% |
| 8 | American Realty Investors | 250.20 Mn | 445.20 Mn | - | -19.81% |
| 9 | Belpointe PREP | 188.11 Mn | 188.11 Mn | - | - |
| 10 | Star Holdings | 119.97 Mn | 86.41 Mn | 5.31 Mn | -84.21% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 66.07% |
| Mar 31, 2026 | 57.21% |
| Dec 31, 2025 | 60.01% |
| Sep 30, 2025 | 60.76% |
| Jun 30, 2025 | 59.96% |
| Mar 31, 2025 | 56.97% |
| Dec 31, 2024 | 49.37% |
| Sep 30, 2024 | 11.19% |
| Jun 30, 2024 | -197.42% |
| Mar 31, 2024 | 71.11% |
| Dec 31, 2023 | 31.07% |
| Sep 30, 2023 | 107.33% |
| Jun 30, 2023 | 208.65% |