Filing Flows › LandBridge (LB) › Q3 2026 › vs Q3 2025
LandBridge (LB) Q3 2026 vs Q3 2025 (year over year)
LandBridge's revenue rose $20.1M (+39%) from $50.8M in Q3 2025 to $70.9M in Q3 2026. Operating margin 68.1% against 60.8% (+7.3 pts).
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 draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 68.1% | 60.8% | +7.3 pts |
| Net margin | 18.3% | 15.9% | +2.3 pts |
| Free cash flow margin | 69.1% | 66.3% | +2.8 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $70.9M | $50.8M | $20.1M | +39% |
| Operating profit | $48.2M | $30.9M | $17.4M | +56% |
| Costs & expenses | $22.6M | $19.9M | $2.7M | +14% |
| Pre-tax earnings | $38.4M | $23.0M | $15.4M | +67% |
| Other expense, net | $9.9M | $7.9M | $2.0M | +25% |
| General & admin | $15.9M | $15.9M | $26K | +0.2% |
| Other operating costs | $6.8M | $4.1M | $2.7M | +65% |
| Net earnings | $13.0M | $8.1M | $4.9M | +60% |
| Minority interests | $21.1M | $12.2M | $8.9M | +73% |
| Income tax | $4.3M | $2.7M | $1.6M | +61% |
| Depreciation & amortization | $4.6M | $2.6M | $2.0M | +76% |
| Share-based compensation | $9.1M | $11.2M | −$2.1M | -19% |
| Working capital & other | $22.9M | $13.0M | $9.9M | +76% |
| Operating cash flow | $49.6M | $34.9M | $14.7M | +42% |
| Free cash flow (OCF − capex) | $49.0M | $33.7M | $15.3M | +45% |
| Capital expenditures | $577K | $1.2M | −$610K | -51% |
Questions
How much did LandBridge's revenue grow year over year in Q3 2026?
LandBridge's revenue rose $20.1M (+39%) from $50.8M in Q3 2025 to $70.9M in Q3 2026. Operating margin 68.1% against 60.8% (+7.3 pts).