LandBridge Company LLC (LB)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $7.1B, LandBridge Company LLC's free cash flow of $122M (fiscal 2025) would need to grow about 19% a year for the stock to be worth today's price. That is slower than the company has grown its free cash flow over the last 2 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from LandBridge Company LLC's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from LB's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from LandBridge Company LLC's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | $73M | $110M | $199M |
| Net income | $63M | $5M | $30M |
| Free cash flow | $50M | $67M | $122M |
| EPS (diluted) | — | $0.07 | $0.94 |
| Operating margin | 96.1% | -15.0% | 59.5% |
Superinvestors who own LB
From each investor's latest 13F filing (what a 13F shows).
Insider buying
Open-market purchases by LandBridge Company LLC's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Jan 6, 2026 | Scott Lloyd Mcneely |
549 | $45.49 | $24,974 |
| Jan 5, 2026 | Harrison Fenner Bolling |
850 | $46.84 | $39,814 |
| Jan 5, 2026 | Jason Thomas Long |
2,143 | $46.59 | $99,842 |
| Nov 21, 2025 | Gilbert Ray Cisneros, Jr. |
0 | $57.27 | — |
| Nov 21, 2025 | Gilbert Ray Cisneros, Jr. |
0 | $57.27 | — |
| Nov 20, 2025 | Gilbert Ray Cisneros, Jr. |
0 | $59.48 | — |
| Nov 20, 2025 | Gilbert Ray Cisneros, Jr. |
0 | $59.48 | — |
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In the full deep dive
Questions
What growth does LandBridge Company LLC's stock price imply?
At a market value of $7.1B, LandBridge Company LLC would need its free cash flow to grow about 19% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 2 years its free cash flow grew 56% a year.
Are LandBridge Company LLC insiders buying the stock?
7 open-market insider purchases of LB in the last 12 months, from SEC Form 4 filings.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.