LB vs TPL
LandBridge Corp. and Texas Pacific Land Corp., side by side — 3 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | LB | TPL |
|---|---|---|
| Revenue | $199.1M | $798.2M |
| Net income | $30.1M | $481.4M |
| Gross margin | · | · |
| Net margin | 36.4% | 60.3% |
| Return on equity | 10.9% | 37.2% |
| Diluted EPS | $0.94 | $6.97 |
| Dividend / share | · | $2.13 |
| Payout ratio | 211.5% | 30.7% |
| Free cash flow | $122.0M | $510.0M |
| Equity | $340.3M | $1.5B |
| Net debt / equity | 1.56× | · |
| Current ratio | 4.87× | 4.40× |
| Revenue CAGR 5y | · | 21.4% |
| Profit CAGR 5y | · | 22.3% |
TPL bills 4.0× the revenue of LB, and keeps more of each dollar of revenue as profit (60.3% against 36.4%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
3 years side by side
| Fiscal year | LB | TPL |
|---|---|---|
| FY2025 | $199.1M | $798.2M |
| FY2024 | $110.0M | $705.8M |
| FY2023 | $72.9M | $631.6M |
Bottom line
| Fiscal year | LB | TPL |
|---|---|---|
| FY2025 | $30.1M | $481.4M |
| FY2024 | $5.1M | $454.0M |
| FY2023 | $63.2M | $405.6M |
Standard deviation, each side
LB's net margin has been more volatile than TPL's over the 3 comparable fiscal years — 51.1 percentage points of standard deviation against 1.9.
3 of 8 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between LB and TPL over these 3 fiscal years — LB led in 1 and TPL in 2.
3 of 8 comparable fiscal years — a year missing data on either side is not counted.