LandBridge Company (LB) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

LandBridge Company

NYSE•Energy•Oil & Gas E&P

$82.70-4.52(-0.05%)Pre-market

Market Cap

$2.40B

P/E

64.7x

P/S

10.7x

P/B

6.8x

LandBridge Company LLC, together with its subsidiaries, owns and manages land and resources to support and enhance oil and natural gas development in the United States. It owns surface acres in and around the Delaware Basin in Texas and New Mexico. The company holds a portfolio of oil and gas royalties. It sells brackish water and other surface composite materials. The company was founded in 2021 and is headquartered in Houston, Texas. LandBridge Company LLC operates as a subsidiary of LandBridge Holdings LLC.

How this company scores

GoodMetricSide Score: 66/100

Strongest: Cash & Earnings Quality (25/25); weakest: Balance Sheet & Red Flags (10/25).

Profitability17/25

Growth14/25

Balance Sheet & Red Flags10/25

Cash & Earnings Quality25/25

Strengths

Growing revenueRising free cash flowStrong marginsCash-backed earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 64.7x5y range 16.3x – 144.5x

Currently above its 6-quarter median.

P/S · 10.7x5y range 6.7x – 10.9x

Currently near its 6-quarter median.

P/B · 6.8x5y range 2.7x – 7.0x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Share Dilution

Red Flag

Shares outstanding increased 60.5% — significant dilution, likely from stock compensation or capital raises.

Price & Volume

Market Cap $2.40B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $225.45M
Q. Revenue: $66.84M
TTM EBITDA: $156.98M
TTM Op. Income: $138.30M
Q. Op. Income: $44.16M
TTM Net Income: $37.16M
Q. Net Income: $12.29M
EPS: $0.43
Shares Out.: $27.96M

$225.45M in TTM revenue grew 28.5% YoY, reaching $66.84M last quarter. TTM EBITDA of $156.98M and TTM operating income of $138.30M show growth is flowing through to the bottom line. TTM net income of $37.16M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 6 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 72.6%
Op. Margin: 66.1%
Net Margin: 18.4%

Op. margin of 66.1% is up 6.1% YoY — cost efficiency is improving. Net margin at 18.4% Over the past year, operating margin is up 10% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 64.7x
P/S Ratio: 10.7x
P/B Ratio: 6.8x

At 64.7x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 10.7x and P/B of 6.8x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 6 quarters, P/E has risen for 3 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.38B
Cash: $39.80M
Long-Term Debt: $535.53M
Book Value: $355.53M
D/E Ratio: 1.5
Debt/EBITDA: 11.0

With $1.38B in assets and $535.53M in long-term debt, D/E is 1.5and book value is $355.53M — moderate leverage. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $41.37M
TTM Free Cash Flow: $151.28M
FCF Margin: 67.1%
FCF / Net Income: 4.1

TTM FCF of $151.28M on $41.37M in operating cash flow. The FCF / Net Income ratio of 4.1x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 6 consecutive quarters — an improving trend.