LandBridge (LB) Return on Sales [ROS] (2023 - 2026)
LandBridge (LB) recorded Return on Sales [ROS] of 68.06% in Q3 2026, up 7.30 percentage points from 60.76% a year earlier and up 1.99 percentage points from the prior quarter.
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Analysis
LandBridge (LB) Return on Sales [ROS] (2023 - 2026) Analysis & Trends
On a TTM basis, LandBridge's Return on Sales [ROS] came in at 63.40% as of Sep 30, 2026, up 6.11 percentage points year-over-year; for FY2025, it came in at 59.52%, up 74.54 percentage points from FY2024.
- Across earlier years, Return on Sales [ROS] came in at -15.02% in FY2024 (-111.10 pp) and 96.08% in FY2023.
- The Q3 2026 figure is the highest quarterly Return on Sales [ROS] since Q1 2024.
- On a year-over-year basis, Return on Sales [ROS] has increased for six consecutive quarters, with an average year-over-year change of +41.92 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Sales [ROS] in the last five years was a gain of 257.38 percentage points in Q2 2025, against a drop of 406.06 percentage points in Q2 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 66.07% (Q2 2026), 57.21% (Q1 2026) and 60.01% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROS (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 20.13 Bn | 19.12 Bn | 106.12 Mn | 76.00% |
| 2 | LandBridge | 5.63 Bn | 5.99 Bn | 69.80 Mn | 68.06% |
| 3 | Howard Hughes Holdings | 4.96 Bn | -3.82 Bn | 435.75 Mn | 24.67% |
| 4 | Millrose Properties | 3.99 Bn | 3.81 Bn | - | 85.52% |
| 5 | St Joe | 3.98 Bn | 3.49 Bn | 80.65 Mn | 39.40% |
| 6 | Vesta Real Estate Corporation, S.A.B. de C.V | 3.31 Bn | 2.12 Bn | - | 91.58% |
| 7 | EagleRock Land | 2.77 Bn | 4.07 Bn | 39.50 Mn | 28.75% |
| 8 | Forestar | 1.14 Bn | 1.14 Bn | - | - |
| 9 | Opendoor Technologies | 1.11 Bn | -2.66 Bn | 38.00 Mn | -18.30% |
| 10 | Five Point Holdings | 664.60 Mn | 682.31 Mn | 7.10 Mn | -86.18% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 68.06% |
| 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% |
API Access
LandBridge Return on Sales [ROS] 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-sales-%5Bros%5D&ticker=LB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-sales-[ros]", "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-sales-%5Bros%5D&ticker=LB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();