LandBridge (LB) Return on Invested Capital [ROIC] (2024 - 2026)
LandBridge's Return on Invested Capital [ROIC] was 9.26% in Q3 2026, up 0.84 percentage points from 8.42% a year earlier and up 0.20 percentage points from the prior quarter.
Powered by 
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 Q3 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 five straight quarters, with an average year-over-year change of +7.08 percentage points over the last five quarters.
- Per Business Quant data, LB's Return on Invested Capital [ROIC] in the three quarters before Q3 2026 was 9.06% (Q2 2026), 8.09% (Q1 2026) and 8.71% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 20.13 Bn | 19.12 Bn | 106.12 Mn | 33.44% |
| 2 | LandBridge | 5.63 Bn | 5.99 Bn | 69.80 Mn | 9.26% |
| 3 | Howard Hughes Holdings | 4.96 Bn | -3.82 Bn | 435.75 Mn | 3.74% |
| 4 | Millrose Properties | 3.99 Bn | 3.81 Bn | - | 7.53% |
| 5 | St Joe | 3.98 Bn | 3.49 Bn | 80.65 Mn | 11.38% |
| 6 | Vesta Real Estate Corporation, S.A.B. de C.V | 3.31 Bn | 2.12 Bn | - | 5.18% |
| 7 | EagleRock Land | 2.77 Bn | 4.07 Bn | 39.50 Mn | -1.22% |
| 8 | Forestar | 1.14 Bn | 1.14 Bn | - | - |
| 9 | Opendoor Technologies | 1.11 Bn | -2.66 Bn | 38.00 Mn | -21.75% |
| 10 | Five Point Holdings | 664.60 Mn | 682.31 Mn | 7.10 Mn | -4.02% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 9.26% |
| 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();