LandBridge (LB) Tax Rate (2023 - 2026)
LandBridge's Tax Rate came in at 11.16% for Q2 2026, up 0.75 percentage points from 10.42% a year earlier and up 2.06 percentage points from the prior quarter.
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Analysis
LandBridge (LB) Tax Rate (2023 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, LandBridge reported Tax Rate of 11.19%, down 0.86 percentage points year-over-year; for FY2025, it was 11.13%, up 15.86 percentage points from FY2024.
- Going back by year, Tax Rate was -4.73% in FY2024 (-5.32 pp) and 0.58% in FY2023.
- The five-year range for quarterly Tax Rate is -0.24% (Q2 2024) to 29.04% (Q3 2024).
- Year-over-year, Tax Rate increased in five of the last eight quarters, with an average year-over-year change of +5.09 percentage points.
- The fastest year-over-year change in Tax Rate over five years came in Q3 2024 (a gain of 28.42 percentage points), and the weakest in Q3 2025 (a drop of 17.28 percentage points).
- Business Quant data shows LB's Tax Rate at 9.10% (Q1 2026), 12.56% (Q4 2025) and 11.76% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 22.67 Bn | 21.49 Bn | - | 20.53% |
| 2 | Eason Technology | 6.61 Bn | 6.61 Bn | - | - |
| 3 | LandBridge | 6.19 Bn | 6.54 Bn | 65.71 Mn | 11.16% |
| 4 | Millrose Properties | 4.09 Bn | 4.09 Bn | - | 1.91% |
| 5 | St Joe | 3.77 Bn | 3.27 Bn | 73.42 Mn | 25.62% |
| 6 | Vesta Real Estate Corporation, S.A.B. de C.V | 2.87 Bn | 2.87 Bn | - | 3.14% |
| 7 | Opendoor Technologies | 2.30 Bn | -1.52 Bn | 86.00 Mn | - |
| 8 | Forestar | 1.33 Bn | -18.53 Mn | 84.10 Mn | 26.08% |
| 9 | Five Point Holdings | 699.67 Mn | 728.44 Mn | -23.72 Mn | 17.17% |
| 10 | Tejon Ranch | 441.80 Mn | 376.78 Mn | - | 24.25% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.16% |
| Mar 31, 2026 | 9.10% |
| Dec 31, 2025 | 12.56% |
| Sep 30, 2025 | 11.76% |
| Jun 30, 2025 | 10.42% |
| Mar 31, 2025 | 9.38% |
| Dec 31, 2024 | 25.32% |
| Mar 31, 2024 | 0.93% |
| Dec 31, 2023 | 2.59% |
| Sep 30, 2023 | 0.62% |
| Jun 30, 2023 | 0.21% |
API Access
LandBridge Tax Rate 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=tax-rate&ticker=LB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=LB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();