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LandBridge (LB) operating margin by quarter

LandBridge's operating margin was 68.1% in Q3 2026 (third quarter 2026), +2.0 pts from Q2 2026. Over the last 7 quarters it ranged from 57.0% (Q1 2025) to 68.1% (Q3 2026).

LandBridge operating margin by quarterLandBridge operating margin by quarter57.0%Q1 202560.0%Q2 202560.8%Q3 202560.0%Q4 202557.2%Q1 202666.1%Q2 202668.1%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 202668.1%+2.0 pts+7.3 pts
Q2 202666.1%+8.9 pts+6.1 pts
Q1 202657.2%-2.8 pts+0.2 pts
Q4 202560.0%-0.7 pts—
Q3 202560.8%+0.8 pts—
Q2 202560.0%+3.0 pts—
Q1 202557.0%——

Q3 2026 at a glance

LandBridge, Q3 2026: revenue $70.9M (+40% year over year), operating margin 68.1%, net earnings $13.0M, operating cash flow $49.6M. The chart follows the revenue to costs, profit and cash.

Questions

What is LandBridge's operating margin?

LandBridge's operating margin was 68.1% in Q3 2026 (third quarter 2026), +2.0 pts from Q2 2026.

How has LandBridge's operating margin changed?

Over the last 7 quarters it ranged from 57.0% (Q1 2025) to 68.1% (Q3 2026).

Q3 2026 results → · How LandBridge makes money →