Landbridge Company Llc Financials
This page shows Landbridge Company Llc (LB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
LandBridge’s dominant mechanic is low-capex cash conversion: a larger asset base is now producing outsized operating cash with little reinvestment.
After FY2024’s debt-funded expansion lifted assets to$1.03B , FY2025 was the first year showing the enlarged base can monetize rather than just add financing load. Free cash flow reached$122.0M versus net income of$30.1M , which fits a cash-yielding asset base more than a reinvestment-hungry operation.
Operating recovery was sharp: FY2024 posted an operating loss, but FY2025 operating margin reached
Even with debt-to-equity at 1.6x, the current ratio reached 4.9x, so short-term obligations do not appear to be what funds or strains the business. That makes long-term debt servicing the more important balance-sheet test than day-to-day working capital, especially with cash at only
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Landbridge Company Llc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Landbridge Company Llc has an operating margin of 59.5%, meaning the company retains $60 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from -15.0% the prior year.
Landbridge Company Llc's revenue surged 81.1% year-over-year to $199.1M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Landbridge Company Llc carries a low D/E ratio of 1.64, meaning only $1.64 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 68/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 4.87, Landbridge Company Llc holds $4.87 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 97/100.
Landbridge Company Llc converts 61.3% of revenue into free cash flow ($122.0M). This strong cash generation earns a score of 100/100.
Landbridge Company Llc's ROE of 21.3% shows moderate profitability relative to equity, earning a score of 40/100. This is up from -19.6% the prior year.
Landbridge Company Llc scores 1.57, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1.8B) relative to total liabilities ($1.0B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Landbridge Company Llc passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Landbridge Company Llc generates $1.74 in operating cash flow ($126.3M OCF vs $72.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Landbridge Company Llc earns $3.6 in operating income for every $1 of interest expense ($118.5M vs $32.7M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Landbridge Company Llc generated $199.1M in revenue in fiscal year 2025. This represents an increase of 81.1% from the prior year.
Landbridge Company Llc's EBITDA was $130.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 1802.3% from the prior year.
Landbridge Company Llc reported $72.4M in net income in fiscal year 2025. This represents an increase of 274.5% from the prior year.
Landbridge Company Llc earned $0.94 per diluted share (EPS) in fiscal year 2025. This represents an increase of 1242.9% from the prior year.
Cash & Balance Sheet
Landbridge Company Llc generated $122.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 83.1% from the prior year.
Landbridge Company Llc held $30.7M in cash against $559.6M in long-term debt as of fiscal year 2025.
Margins & Returns
Landbridge Company Llc's operating margin was 59.5% in fiscal year 2025, reflecting core business profitability. This is up 74.5 percentage points from the prior year.
Landbridge Company Llc's net profit margin was 36.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 74.1 percentage points from the prior year.
Landbridge Company Llc's ROE was 21.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 40.9 percentage points from the prior year.
Capital Allocation
Landbridge Company Llc invested $4.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 330.1% from the prior year.
LB Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $56.8M+11.7% | $50.8M+6.9% | $47.5M+8.1% | $44.0M+20.4% | $36.5M+28.1% | $28.5M+9.8% | $26.0M+36.5% | $19.0M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $34.1M+10.3% | $30.9M+8.4% | $28.5M+13.8% | $25.0M+38.9% | $18.0M+465.4% | $3.2M+106.2% | -$51.2M-479.0% | $13.5M |
| Interest Expense | -$9.0M-13.6% | -$7.9M-0.1% | -$7.9M+1.2% | -$8.0M-12.4% | -$7.1M-0.4% | -$7.1M-12.6% | -$6.3M-117.8% | -$2.9M |
| Income Tax | $2.6M-3.4% | $2.7M+25.9% | $2.1M+34.2% | $1.6M-42.1% | $2.8M+345.1% | -$1.1M-923.4% | $137K+35.6% | $101K |
| Net Income | $50.3M+520.8% | $8.1M+8.1% | $7.5M+16.1% | $6.5M+135.7% | $2.7M+3.2% | $2.7M+104.6% | -$57.7M-635.0% | $10.8M |
| EPS (Diluted) | N/A | $0.26+8.3% | $0.24+20.0% | $0.20 | N/A | $-0.04 | N/A | N/A |
LB Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.4B+26.7% | $1.1B+1.1% | $1.1B+2.8% | $1.0B+0.4% | $1.0B+49.7% | $689.9M-2.9% | $710.5M | N/A |
| Current Assets | $59.8M+4.3% | $57.4M+30.0% | $44.1M+1.3% | $43.6M-18.2% | $53.3M+68.7% | $31.6M-23.9% | $41.5M | N/A |
| Cash & Equivalents | $30.7M+8.6% | $28.3M+39.2% | $20.3M+36.2% | $14.9M-59.7% | $37.0M+156.9% | $14.4M-41.5% | $24.6M+177.2% | $8.9M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $1.0B+27.3% | $805.9M+0.8% | $799.9M-2.5% | $820.1M-0.1% | $820.7M+38.5% | $592.7M+43.2% | $414.0M | N/A |
| Current Liabilities | $12.3M-11.1% | $13.8M+33.4% | $10.4M-12.2% | $11.8M-18.2% | $14.4M-66.7% | $43.3M-14.1% | $50.4M | N/A |
| Long-Term Debt | $559.6M+52.9% | $366.1M-1.3% | $370.9M-1.2% | $375.5M-1.4% | $380.8M+57.1% | $242.4M-32.8% | $360.8M | N/A |
| Total Equity | $340.3M+25.1% | $272.0M+2.1% | $266.4M+22.8% | $217.0M+2.5% | $211.8M+117.9% | $97.2M-67.2% | $296.4M+82.6% | $162.3M |
| Retained Earnings | $23.2M+29.2% | $18.0M+44.7% | $12.4M+66.5% | $7.5M+122.9% | $3.3M+26.1% | $2.7M | N/A | N/A |
LB Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $38.1M+9.2% | $34.9M-6.5% | $37.3M+134.6% | $15.9M-40.9% | $26.9M+261.4% | $7.5M-53.6% | $16.0M-6.8% | $17.2M |
| Capital Expenditures | $1.7M+46.6% | $1.2M-4.3% | $1.2M+1697.1% | $69K-69.2% | $224K-26.1% | $303K-17.9% | $369K+314.6% | $89K |
| Free Cash Flow | $36.4M+7.9% | $33.7M-6.6% | $36.1M+127.8% | $15.8M-40.7% | $26.7M+273.6% | $7.1M-54.4% | $15.7M-8.5% | $17.1M |
| Investing Cash Flow | -$212.0M-19052.8% | -$1.1M+46.8% | -$2.1M+88.4% | -$17.9M+93.9% | -$292.3M-27661.7% | -$1.1M+99.7% | -$375.8M-581.3% | -$55.2M |
| Financing Cash Flow | $176.3M+782.6% | -$25.8M+13.4% | -$29.8M-48.2% | -$20.1M-107.0% | $288.0M+1832.3% | -$16.6M-104.4% | $375.5M+4065.5% | $9.0M |
| Dividends Paid | $10.9M+42.9% | $7.7M+0.2% | $7.6M-0.3% | $7.7M+3.7% | $7.4M-95.7% | $170.9M | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
LB Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 60.0%-0.7pp | 60.8%+0.8pp | 60.0%+3.0pp | 57.0%+7.6pp | 49.4%+38.2pp | 11.2%+208.6pp | -197.4%-268.5pp | 71.1% |
| Net Margin | 88.6%+72.7pp | 16.0%+0.2pp | 15.8%+1.1pp | 14.7%+7.2pp | 7.5%-1.8pp | 9.3%+231.5pp | -222.1%-278.8pp | 56.7% |
| Return on Equity | 14.8%+11.8pp | 3.0%+0.2pp | 2.8%-0.2pp | 3.0%+1.7pp | 1.3%-1.4pp | 2.7%+22.2pp | -19.4%-26.1pp | 6.6% |
| Return on Assets | 3.7%+2.9pp | 0.8%+0.0pp | 0.7%+0.1pp | 0.6%+0.3pp | 0.3%-0.1pp | 0.4%+8.5pp | -8.1% | N/A |
| Current Ratio | 4.87+0.7 | 4.15-0.1 | 4.26+0.6 | 3.700.0 | 3.70+3.0 | 0.73-0.1 | 0.82 | N/A |
| Debt-to-Equity | 1.64+0.3 | 1.35-0.0 | 1.39-0.3 | 1.73-0.1 | 1.80-0.7 | 2.49+1.3 | 1.22 | N/A |
| FCF Margin | 64.1%-2.3pp | 66.3%-9.6pp | 75.9%+39.9pp | 36.0%-37.1pp | 73.2%+48.1pp | 25.1%-35.3pp | 60.4%-29.7pp | 90.1% |
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Frequently Asked Questions
What is Landbridge Company Llc's annual revenue?
Landbridge Company Llc (LB) reported $199.1M in total revenue for fiscal year 2025. This represents a 81.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Landbridge Company Llc's revenue growing?
Landbridge Company Llc (LB) revenue grew by 81.1% year-over-year, from $110.0M to $199.1M in fiscal year 2025.
Is Landbridge Company Llc profitable?
Yes, Landbridge Company Llc (LB) reported a net income of $72.4M in fiscal year 2025, with a net profit margin of 36.4%.
What is Landbridge Company Llc's EBITDA?
Landbridge Company Llc (LB) had EBITDA of $130.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Landbridge Company Llc have?
As of fiscal year 2025, Landbridge Company Llc (LB) had $30.7M in cash and equivalents against $559.6M in long-term debt.
What is Landbridge Company Llc's operating margin?
Landbridge Company Llc (LB) had an operating margin of 59.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Landbridge Company Llc's net profit margin?
Landbridge Company Llc (LB) had a net profit margin of 36.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Landbridge Company Llc's return on equity (ROE)?
Landbridge Company Llc (LB) has a return on equity of 21.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Landbridge Company Llc's free cash flow?
Landbridge Company Llc (LB) generated $122.0M in free cash flow during fiscal year 2025. This represents a 83.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Landbridge Company Llc's operating cash flow?
Landbridge Company Llc (LB) generated $126.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Landbridge Company Llc's total assets?
Landbridge Company Llc (LB) had $1.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Landbridge Company Llc's capital expenditures?
Landbridge Company Llc (LB) invested $4.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Landbridge Company Llc's current ratio?
Landbridge Company Llc (LB) had a current ratio of 4.87 as of fiscal year 2025, which is generally considered healthy.
What is Landbridge Company Llc's debt-to-equity ratio?
Landbridge Company Llc (LB) had a debt-to-equity ratio of 1.64 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Landbridge Company Llc's return on assets (ROA)?
Landbridge Company Llc (LB) had a return on assets of 5.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Landbridge Company Llc's Altman Z-Score?
Landbridge Company Llc (LB) has an Altman Z-Score of 1.57, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Landbridge Company Llc's Piotroski F-Score?
Landbridge Company Llc (LB) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Landbridge Company Llc's earnings high quality?
Landbridge Company Llc (LB) has an earnings quality ratio of 1.74x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Landbridge Company Llc cover its interest payments?
Landbridge Company Llc (LB) has an interest coverage ratio of 3.6x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Landbridge Company Llc?
Landbridge Company Llc (LB) scores 84 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.