LandBridge Company LLC Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	206.15	199.09	109.95	72.87	51.78
Revenue Growth (YoY)	52.83%	81.07%	50.90%	40.73%	-
Cost of Revenue	1.97	2.03	2.11	3.45	3.84
Gross Profit	204.18	197.07	107.84	69.42	47.94
Selling, General & Admin	63.48	62.45	112.3	-12.09	41.8
Depreciation & Amortization Expenses	13.29	11.47	8.88	8.76	6.72
Other Operating Expenses	4.77	4.65	3.17	2.74	2.65
Total Operating Expenses	81.54	78.57	124.35	-0.59	51.17
Operating Income	122.64	118.5	-16.51	70.01	-3.23
Interest Expense	-34.24	-32.71	-23.34	-7.02	-3.11
Other Non-Operating Income (Expense)	-4.34	-4.33	0.24	0.55	0.14
Total Non-Operating Income (Expense)	-38.58	-37.04	-23.09	-6.47	-2.97
Pretax Income	84.06	81.47	-39.6	63.54	-6.2
Provision for Income Taxes	9.25	9.07	1.88	0.37	0.16
Net Income	74.81	72.4	-41.48	63.17	-6.36
Minority Interest in Earnings	42.43	42.27	-46.59	-	-
Net Income to Common	32.38	30.13	5.11	63.17	-6.36
Net Income Growth	179.79%	489.59%	-91.91%	-	-
Shares Outstanding (Basic)	26	25	76	-	-
Shares Outstanding (Diluted)	77	77	76	-	-
Shares Change (YoY)	0.32%	0.08%	-	-	-
EPS (Basic)	1.21	1.18	0.07	-	-
EPS (Diluted)	0.97	0.94	0.07	-	-
EPS Growth	540.76%	1306.93%	-	-	-
Free Cash Flow	147.13	122.04	66.65	50.26	17.21
Free Cash Flow Growth	20.56%	83.10%	32.62%	192.05%	-
Free Cash Flow Per Share	1.92	1.59	0.87	-	-
Dividends Per Share	0.420	0.400	0.100	-	-
Dividend Growth	5.00%	300.00%	-	-	-
Gross Margin	99.05%	98.98%	98.08%	95.27%	92.58%
Operating Margin	59.49%	59.52%	-15.02%	96.08%	-6.24%
Profit Margin	36.29%	36.36%	-37.72%	86.70%	-12.29%
FCF Margin	71.37%	61.30%	60.62%	68.98%	33.24%
EBITDA	135.96	129.97	-7.64	78.77	3.49
EBITDA Margin	65.95%	65.28%	-6.94%	108.11%	6.74%
EBIT	122.64	118.5	-16.51	70.01	-3.23
EBIT Margin	59.49%	59.52%	-15.02%	96.08%	-6.24%
Effective Tax Rate	11.01%	11.13%	-4.73%	0.58%	-2.65%

SEC Filings: 10-K · 10-Q