LB vs SEI: LandBridge Company LLC and Solaris Energy Infrastructure compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- LandBridge Company LLC is the larger company, worth $7.1B, close to Solaris Energy Infrastructure's $6.7B.
- LandBridge Company LLC grew revenue faster over the last year (+40.6% vs +30.0%).
- LandBridge Company LLC keeps more of each dollar of revenue as operating profit (61.3% vs 33.5%).
- On earnings, Solaris Energy Infrastructure is the cheaper stock (85.0x vs 95.4x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | LB | SEI |
|---|---|---|
| Market cap | $7.1B | $6.7B |
| Share price | $86.25 | $76.40 |
| Revenue (last fiscal year) | $199M | $622M |
| Free cash flow (last fiscal year) | $122M | -$438M |
| Revenue growth, last year | +40.6% | +30.0% |
| Revenue growth per year, last 5 fiscal years | +65.3% | +43.7% |
| Operating margin | 61.3% | 33.5% |
| Net margin | 16.5% | 9.9% |
| Return on equity | 10.4% | 6.1% |
| P/E (trailing) | 95.4x | 85.0x |
| Price / free cash flow | 58.4x | — |
| EV / EBITDA | 34.1x | 23.0x |
| FCF growth the price implies | 19.1% | — |
| Dividend yield | 0.47% | 0.62% |
| Debt / equity | 1.53x | 3.38x |
| Fundamental grade | B | C |
| Superinvestors holding it | 0 | 3 |
| Insider purchases, last 12 months | 7 | 3 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
LandBridge Company LLC
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2023 | $73M | $50M | 96.1% |
| 2024 | $110M | $67M | -15.0% |
| 2025 | $199M | $122M | 59.5% |
Solaris Energy Infrastructure
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $146M | -$3M | -0.27% |
| 2022 | $300M | -$13M | 13.9% |
| 2023 | $293M | $25M | 17.0% |
| 2024 | $313M | -$129M | 16.9% |
| 2025 | $622M | -$438M | 21.8% |
Where the revenue comes from
LandBridge Company LLC
No segment breakdown reported.
Solaris Energy Infrastructure · by segments, 2025
Questions
Which is bigger, LandBridge Company LLC or Solaris Energy Infrastructure?
LandBridge Company LLC (LB), at $7.1B against $6.7B.
Is LB or SEI cheaper?
By trailing P/E, Solaris Energy Infrastructure (85.0x) is cheaper than LandBridge Company LLC (95.4x). A lower multiple can also mean the market expects less growth.
Which grows faster, LB or SEI?
LandBridge Company LLC: revenue grew +40.6% over the last year, against +30.0%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.