Filing Flows › Comparisons › LB vs NRT
LandBridge vs North European Oil Royalty Trust: LB and NRT compared
LandBridge is the larger company: $70.9M of revenue in its latest quarter (Q3 2026) against $2.7M for North European Oil Royalty Trust (Q3 FY26). LandBridge is growing faster (+40% against +0.6% a year earlier). North European Oil Royalty Trust is more profitable, with an operating margin of 93.1% against 68.1%.
Where the money goes: LB and NRT
LandBridge (LB) · Q3 2026
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.
North European Oil Royalty Trust (NRT) · Q3 FY26
North European Oil Royalty Trust, Q3 FY26: revenue $2.7M (+0.6% year over year), operating margin 93.1%, net earnings $2.5M. The chart follows the revenue to costs, profit and cash.
| LandBridge (LB) | North European Oil Royalty Trust (NRT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 FY26 |
| Revenue | $70.9M | $2.7M |
| Revenue growth, Y/Y | +40% | +0.6% |
| Operating margin | 68.1% | 93.1% |
| Net earnings | $13.0M | $2.5M |
| Net margin | 18.3% | 93.1% |
| Operating cash flow | $49.6M | — |
| Free cash flow | $49.0M | — |
| Market value | $6.6B | — |
| P/E | 83.6× | — |
| Analysts’ mean target | $89.57 | — |
Questions
Which is bigger, LandBridge or North European Oil Royalty Trust?
LandBridge is the larger company: $70.9M of revenue in its latest quarter (Q3 2026) against $2.7M for North European Oil Royalty Trust (Q3 FY26).
Is LandBridge or North European Oil Royalty Trust growing faster?
LandBridge is growing faster (+40% against +0.6% a year earlier).
Which is more profitable, LandBridge or North European Oil Royalty Trust?
North European Oil Royalty Trust is more profitable, with an operating margin of 93.1% against 68.1%.
More: LandBridge earnings · how LandBridge makes money · North European Oil Royalty Trust earnings · how North European Oil Royalty Trust makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Sep 8, 2026). Fiscal quarters can end on different dates. Not investment advice.