LandBridge (LB) Operating Margin (2023 - 2026)
LandBridge (LB) reported Operating Margin of 57.21% for Q1 2026, up 24.0% on a YoY basis from 46.13% in Q1 2025, and down 4.68% quarter-over-quarter from 60.01% in Q4 2025.
LandBridge (LB) Operating Margin (2023 - 2026) Analysis & Trends
LandBridge has reported Operating Margin for 4 years, with the latest figure at 57.21% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 24.0% year-over-year to 57.21%; the trailing twelve-month figure through Mar 2026 stood at 59.49% (up 6319.0% YoY), and the FY2025 full-year result was 59.52%, up 7454.0% from the prior year.
- Operating Margin for Q1 2026 stood at 57.21%, down from 60.01% in the prior quarter.
- The five-year high for Operating Margin was 208.65% in Q2 2023, with the low at 293.53% in Q4 2023.
- Historically, Operating Margin has averaged 20.97% across 4 years, with a median of 58.58% in 2025.
- The largest YoY upside for Operating Margin was 34290 bps in 2024 against a maximum downside of 40606 bps in 2024.
- LandBridge's Operating Margin stood at 293.53% in 2023, then soared by 117 bps to 49.37% in 2024, then climbed by 22 bps to 60.01% in 2025, then dropped by 5 bps to 57.21% in 2026.
- The last three Operating Margin figures came in at 57.21% (Q1 2026), 60.01% (Q4 2025), and 60.76% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 82.25 Bn | 80.04 Bn | 4.67 Bn | 50.58% |
| 2 | Baker Hughes | 61.96 Bn | 47.38 Bn | 1.51 Bn | 11.87% |
| 3 | Halliburton | 32.79 Bn | 30.84 Bn | 2.04 Bn | 12.57% |
| 4 | TechnipFMC | 26.73 Bn | 25.47 Bn | 1.49 Bn | 14.51% |
| 5 | Enerflex | 8.62 Bn | 8.57 Bn | - | 15.64% |
| 6 | Nov | 7.27 Bn | 5.98 Bn | 119.00 Mn | 2.29% |
| 7 | Weatherford International | 6.99 Bn | 5.94 Bn | 876.00 Mn | 10.68% |
| 8 | Archrock | 5.95 Bn | 5.95 Bn | 247.42 Mn | 53.94% |
| 9 | Kodiak Gas Services | 5.60 Bn | 5.50 Bn | 222.88 Mn | 30.89% |
| 10 | LandBridge | 1.96 Bn | 2.39 Bn | 49.74 Mn | 57.21% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | -293.53% |
| Sep 30, 2023 | 107.33% |
| Jun 30, 2023 | 208.65% |