Filing Flows › LandBridge (LB) › Q2 2026 › vs Q2 2025
LandBridge (LB) Q2 2026 vs Q2 2025 (year over year)
LandBridge's revenue rose $19.3M (+41%) from $47.5M in Q2 2025 to $66.8M in Q2 2026. Operating margin 66.1% against 60.0% (+6.1 pts).
LandBridge, Q2 2026: revenue $66.8M (+41% year over year), operating margin 66.1%, net earnings $12.3M, operating cash flow $41.4M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 66.1% | 60.0% | +6.1 pts |
| Net margin | 18.4% | 15.8% | +2.6 pts |
| Free cash flow margin | 60.2% | 75.9% | -15.7 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $66.8M | $47.5M | $19.3M | +41% |
| Operating profit | $44.2M | $28.5M | $15.7M | +55% |
| Costs & expenses | $22.7M | $19.0M | $3.7M | +19% |
| Pre-tax earnings | $35.0M | $20.6M | $14.3M | +69% |
| Other expense, net | $9.2M | $7.9M | $1.3M | +17% |
| General & admin | $15.9M | $14.8M | $1.1M | +7% |
| Other operating costs | $6.8M | $4.2M | $2.6M | +60% |
| Net earnings | $12.3M | $7.5M | $4.8M | +64% |
| Minority interests | $18.8M | $11.0M | $7.8M | +71% |
| Income tax | $3.9M | $2.1M | $1.8M | +82% |
| Depreciation & amortization | $4.4M | $2.5M | $1.8M | +72% |
| Share-based compensation | $11.2M | $11.3M | −$31K | -0.3% |
| Working capital & other | $13.5M | $16.0M | −$2.5M | -16% |
| Operating cash flow | $41.4M | $37.3M | $4.0M | +11% |
| Free cash flow (OCF − capex) | $40.2M | $36.1M | $4.1M | +11% |
| Capital expenditures | $1.1M | $1.2M | −$109K | -9% |
Questions
How much did LandBridge's revenue grow year over year in Q2 2026?
LandBridge's revenue rose $19.3M (+41%) from $47.5M in Q2 2025 to $66.8M in Q2 2026. Operating margin 66.1% against 60.0% (+6.1 pts).