LandBridge Company LLC Net Assets
LandBridge Company LLC net assets. Based on the latest financial reports, LandBridge Company LLC (LB) has net assets worth $808.12 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.36 Billion) and total liabilities ($554.12 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore how fast is LandBridge Company LLC growing its equity to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $808.12 Million |
| % of Total Assets | 59.32% |
| Annual Growth Rate | 55.78% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 144.46 |
Net Assets of LandBridge Company LLC (2022–2025)
Net assets of LandBridge Company LLC from 2022 to 2025. This chart illustrates how LandBridge Company LLC's net assets have evolved over time, based on quarterly financial data. See LandBridge Company LLC net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for LandBridge Company LLC (2022–2025)
The table below shows the annual net assets of LandBridge Company LLC from 2022 to 2025. For live market cap and overall valuation, see market cap of LandBridge Company LLC.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $793.99 Million | +30.58% |
| 2024-12-31 | $608.07 Million | +303.37% |
| 2023-12-31 | $150.75 Million | -28.20% |
| 2022-12-31 | $209.96 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to LandBridge Company LLC's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2323300000.0% over the analyzed period, indicating profitable operations and earnings retention.
LandBridge Company LLC Net Assets Breakdown (December 2025)
LandBridge Company LLC net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $23.23 Million | 6.83% |
| Common Stock | $317.07 Million | 93.17% |
| Total Equity | $340.30 Million | 100.00% |
LandBridge Company LLC Competitors by Market Cap
The table below lists competitors of LandBridge Company LLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mtar Technologies Limited
NSE:MTARTECH
|
$1.81 Billion |
|
Nickel Industries Ltd
AU:NIC
|
$1.81 Billion |
|
Syngene International Limited
NSE:SYNGENE
|
$1.81 Billion |
|
Megaport Ltd
AU:MP1
|
$1.81 Billion |
|
Focus Technology Co Ltd
SHE:002315
|
$1.81 Billion |
|
EVT Ltd
AU:EVT
|
$1.81 Billion |
|
G2 Goldfields Inc.
TO:GTWO
|
$1.81 Billion |
|
Bossard Holding AG
SW:BOSN
|
$1.81 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in LandBridge Company LLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 436,012,000 to 340,302,000, a change of -95,710,000 (-22.0%).
- Net income of 30,128,000 contributed positively to equity growth.
- Dividend payments of 63,713,000 reduced retained earnings.
- Other factors decreased equity by 62,125,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $30.13 Million | +8.85% |
| Dividends Paid | $63.71 Million | -18.72% |
| Other Changes | $-62.12 Million | -18.26% |
| Total Change | $- | -21.95% |
Book Value vs Market Value Analysis
This analysis compares LandBridge Company LLC's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.33x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 4.50x to 5.33x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | $14.48 | $65.10 | x |
| 2023-12-31 | $10.40 | $65.10 | x |
| 2024-12-31 | $5.94 | $65.10 | x |
| 2025-12-31 | $12.22 | $65.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently LandBridge Company LLC utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.85%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.13%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 4.01x
- Recent ROE (8.85%) is below the historical average (12.23%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | -3.03% | -12.29% | 0.19x | 1.31x | $-27.36 Million |
| 2023 | 41.91% | 86.70% | 0.25x | 1.92x | $48.10 Million |
| 2024 | 1.17% | 4.65% | 0.11x | 2.30x | $-38.49 Million |
| 2025 | 8.85% | 15.13% | 0.15x | 4.01x | $-3.90 Million |
Industry Comparison
This section compares LandBridge Company LLC's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $1,871,111,599
- Average return on equity (ROE) among peers: 9.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| LandBridge Company LLC (LB) | $808.12 Million | -3.03% | 0.69x | $1.81 Billion |
| ProFrac Holding Corp. (ACDC) | $284.81 Million | -13.53% | 1.56x | $543.52 Million |
| Atlas Energy Solutions Inc. (AESI) | $331.70 Million | -10.38% | 0.57x | $675.74 Million |
| Archrock Inc (AROC) | $744.45 Million | 4.14% | 1.62x | $4.83 Billion |
| Baker Hughes Co (BKR) | $14.54 Billion | -4.17% | 0.59x | $47.52 Billion |
| ChampionX Corporation (CHX) | $1.64 Billion | 3.14% | 0.21x | $4.94 Billion |
| Core Laboratories NV (CLB) | $182.14 Million | 55.99% | 3.25x | $407.49 Million |
| Drilling Tools International Corp. (DTI) | $88.69 Million | 16.63% | 0.49x | $50.23 Million |
| Dawson Geophysical Company (DWSN) | $3.73 Million | 35.01% | 1.83x | $50.93 Million |
| Enerflex Ltd. (EFXT) | $886.68 Million | 8.13% | 0.57x | $2.37 Billion |
| EagleRock Land, LLC (EROK) | $-1.07 Million | 0.00% | 0.00x | $521.31 Million |
About LandBridge Company LLC
LandBridge Company LLC, together with its subsidiaries, owns and manages land and resources to support and enhance oil and natural gas development in the United States. It owns surface acres in and around the Delaware Basin in Texas and New Mexico. The company holds a portfolio of oil and gas royalties. It sells brackish water and other surface composite materials. The company was founded in 2021… Read more