LandBridge (LB) Return on Invested Capital [ROIC] (2024 - 2026)
LandBridge's Return on Invested Capital [ROIC] was 9.06% in Q2 2026, up 2.74 percentage points from 6.32% a year earlier and up 0.97 percentage points from the prior quarter.
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Analysis
LandBridge (LB) Return on Invested Capital [ROIC] (2024 - 2026) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at LandBridge came in at 8.88%, up 11.42 percentage points from FY2024.
- In earlier years, Return on Invested Capital [ROIC] was -2.54% in FY2024.
- The Q2 2026 figure marks the highest quarterly Return on Invested Capital [ROIC] in data going back to Q3 2024.
- Compared with a year earlier, Return on Invested Capital [ROIC] has increased for four straight quarters, with an average year-over-year change of +8.64 percentage points over the last four quarters.
- Per Business Quant data, LB's Return on Invested Capital [ROIC] in the three quarters before Q2 2026 was 8.09% (Q1 2026), 8.71% (Q4 2025) and 8.42% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 23.47 Bn | 22.30 Bn | - | 32.97% |
| 2 | LandBridge | 6.46 Bn | 6.80 Bn | 65.71 Mn | 9.06% |
| 3 | Eason Technology | 6.34 Bn | 6.34 Bn | - | - |
| 4 | Millrose Properties | 3.80 Bn | 3.80 Bn | - | - |
| 5 | St Joe | 3.73 Bn | 3.23 Bn | 73.42 Mn | - |
| 6 | Vesta Real Estate Corporation, S.A.B. de C.V | 2.87 Bn | 2.87 Bn | - | 5.60% |
| 7 | Opendoor Technologies | 2.36 Bn | -1.46 Bn | 86.00 Mn | -21.30% |
| 8 | Forestar | 1.31 Bn | -33.33 Mn | 84.10 Mn | - |
| 9 | Five Point Holdings | 674.47 Mn | 703.24 Mn | -23.72 Mn | - |
| 10 | Tejon Ranch | 442.61 Mn | 377.59 Mn | - | 0.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.06% |
| Mar 31, 2026 | 8.09% |
| Dec 31, 2025 | 8.71% |
| Sep 30, 2025 | 8.42% |
| Jun 30, 2025 | 6.32% |
| Mar 31, 2025 | -0.49% |
| Dec 31, 2024 | -1.94% |
| Sep 30, 2024 | -4.16% |
API Access
LandBridge Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=LB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=LB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();