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Side-by-side financial comparison of DHI GROUP, INC. (DHX) and LandBridge Co LLC (LB). Click either name above to swap in a different company.

LandBridge Co LLC is the larger business by last-quarter revenue ($56.8M vs $31.4M, roughly 1.8× DHI GROUP, INC.). LandBridge Co LLC runs the higher net margin — 14.2% vs 3.0%, a 11.2% gap on every dollar of revenue. On growth, LandBridge Co LLC posted the faster year-over-year revenue change (55.6% vs -9.8%). LandBridge Co LLC produced more free cash flow last quarter ($122.0M vs $5.7M). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (72.8% CAGR vs -6.7%).

DHI is an international water software development and engineering consultancy firm with headquarters in Denmark. The profit-for-purpose organisation addresses all challenges in water environments through consultancy services, MIKE Powered by DHI water modelling software, business applications, data portals and operational services. DHI has 30 offices throughout the world, with software development centres in Singapore and Denmark, and approximately 1050 employees.

DHX vs LB — Head-to-Head

Bigger by revenue
LB
LB
1.8× larger
LB
$56.8M
$31.4M
DHX
Growing faster (revenue YoY)
LB
LB
+65.4% gap
LB
55.6%
-9.8%
DHX
Higher net margin
LB
LB
11.2% more per $
LB
14.2%
3.0%
DHX
More free cash flow
LB
LB
$116.3M more FCF
LB
$122.0M
$5.7M
DHX
Faster 2-yr revenue CAGR
LB
LB
Annualised
LB
72.8%
-6.7%
DHX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DHX
DHX
LB
LB
Revenue
$31.4M
$56.8M
Net Profit
$951.0K
$8.1M
Gross Margin
Operating Margin
10.4%
60.0%
Net Margin
3.0%
14.2%
Revenue YoY
-9.8%
55.6%
Net Profit YoY
-6.9%
-83.7%
EPS (diluted)
$0.03
$0.24

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DHX
DHX
LB
LB
Q4 25
$31.4M
$56.8M
Q3 25
$32.1M
$50.8M
Q2 25
$32.0M
$47.5M
Q1 25
$32.3M
$44.0M
Q4 24
$34.8M
$36.5M
Q3 24
$35.3M
$28.5M
Q2 24
$35.8M
$26.0M
Q1 24
$36.0M
$19.0M
Net Profit
DHX
DHX
LB
LB
Q4 25
$951.0K
$8.1M
Q3 25
$-4.3M
$8.1M
Q2 25
$-841.0K
$7.5M
Q1 25
$-9.4M
$6.5M
Q4 24
$1.0M
$49.3M
Q3 24
$-200.0K
$2.7M
Q2 24
$943.0K
$-57.7M
Q1 24
$-1.5M
$10.8M
Gross Margin
DHX
DHX
LB
LB
Q4 25
Q3 25
85.7%
Q2 25
84.0%
Q1 25
83.4%
Q4 24
Q3 24
85.6%
Q2 24
85.5%
Q1 24
86.5%
Operating Margin
DHX
DHX
LB
LB
Q4 25
10.4%
60.0%
Q3 25
-14.0%
60.8%
Q2 25
-3.9%
60.0%
Q1 25
-27.5%
57.0%
Q4 24
5.0%
49.4%
Q3 24
1.8%
11.2%
Q2 24
5.6%
-197.4%
Q1 24
5.5%
71.1%
Net Margin
DHX
DHX
LB
LB
Q4 25
3.0%
14.2%
Q3 25
-13.3%
15.9%
Q2 25
-2.6%
15.8%
Q1 25
-28.9%
14.7%
Q4 24
2.9%
135.2%
Q3 24
-0.6%
9.3%
Q2 24
2.6%
-222.1%
Q1 24
-4.2%
56.7%
EPS (diluted)
DHX
DHX
LB
LB
Q4 25
$0.03
$0.24
Q3 25
$-0.10
$0.26
Q2 25
$-0.02
$0.24
Q1 25
$-0.21
$0.20
Q4 24
$0.02
Q3 24
$0.00
$-0.04
Q2 24
$0.02
Q1 24
$-0.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DHX
DHX
LB
LB
Cash + ST InvestmentsLiquidity on hand
$2.9M
$30.7M
Total DebtLower is stronger
$570.7M
Stockholders' EquityBook value
$94.5M
$340.3M
Total Assets
$188.2M
$1.4B
Debt / EquityLower = less leverage
1.68×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHX
DHX
LB
LB
Q4 25
$2.9M
$30.7M
Q3 25
$2.3M
$28.3M
Q2 25
$2.8M
$20.3M
Q1 25
$2.7M
$14.9M
Q4 24
$3.7M
$37.0M
Q3 24
$2.1M
$14.4M
Q2 24
$3.0M
$24.6M
Q1 24
$3.2M
Total Debt
DHX
DHX
LB
LB
Q4 25
$570.7M
Q3 25
$30.0M
$366.1M
Q2 25
$30.0M
$370.9M
Q1 25
$33.0M
$375.5M
Q4 24
$32.0M
$385.5M
Q3 24
$32.0M
$242.4M
Q2 24
$35.0M
$360.8M
Q1 24
$41.0M
Stockholders' Equity
DHX
DHX
LB
LB
Q4 25
$94.5M
$340.3M
Q3 25
$97.3M
$272.0M
Q2 25
$102.5M
$266.4M
Q1 25
$103.9M
$217.0M
Q4 24
$114.3M
$211.8M
Q3 24
$111.3M
$97.2M
Q2 24
$109.8M
$296.4M
Q1 24
$106.6M
$162.3M
Total Assets
DHX
DHX
LB
LB
Q4 25
$188.2M
$1.4B
Q3 25
$192.5M
$1.1B
Q2 25
$204.9M
$1.1B
Q1 25
$212.1M
$1.0B
Q4 24
$221.4M
$1.0B
Q3 24
$219.4M
$689.9M
Q2 24
$224.4M
$710.5M
Q1 24
$231.9M
Debt / Equity
DHX
DHX
LB
LB
Q4 25
1.68×
Q3 25
0.31×
1.35×
Q2 25
0.29×
1.39×
Q1 25
0.32×
1.73×
Q4 24
0.28×
1.82×
Q3 24
0.29×
2.49×
Q2 24
0.32×
1.22×
Q1 24
0.38×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DHX
DHX
LB
LB
Operating Cash FlowLast quarter
$7.2M
$126.3M
Free Cash FlowOCF − Capex
$5.7M
$122.0M
FCF MarginFCF / Revenue
18.1%
214.9%
Capex IntensityCapex / Revenue
4.9%
7.5%
Cash ConversionOCF / Net Profit
7.60×
15.68×
TTM Free Cash FlowTrailing 4 quarters
$13.8M
$207.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHX
DHX
LB
LB
Q4 25
$7.2M
$126.3M
Q3 25
$4.8M
$34.9M
Q2 25
$6.9M
$37.3M
Q1 25
$2.2M
$15.9M
Q4 24
$4.4M
$67.6M
Q3 24
$5.5M
$7.5M
Q2 24
$9.1M
$16.0M
Q1 24
$2.1M
$17.2M
Free Cash Flow
DHX
DHX
LB
LB
Q4 25
$5.7M
$122.0M
Q3 25
$3.2M
$33.7M
Q2 25
$4.8M
$36.1M
Q1 25
$88.0K
$15.8M
Q4 24
$1.6M
$66.7M
Q3 24
$2.3M
$7.1M
Q2 24
$5.6M
$15.7M
Q1 24
$-2.4M
$17.1M
FCF Margin
DHX
DHX
LB
LB
Q4 25
18.1%
214.9%
Q3 25
9.9%
66.3%
Q2 25
15.1%
75.9%
Q1 25
0.3%
36.0%
Q4 24
4.6%
182.6%
Q3 24
6.5%
25.1%
Q2 24
15.6%
60.4%
Q1 24
-6.5%
90.1%
Capex Intensity
DHX
DHX
LB
LB
Q4 25
4.9%
7.5%
Q3 25
5.0%
2.3%
Q2 25
6.3%
2.6%
Q1 25
6.7%
0.2%
Q4 24
8.0%
2.7%
Q3 24
9.2%
1.1%
Q2 24
9.7%
1.4%
Q1 24
12.3%
0.5%
Cash Conversion
DHX
DHX
LB
LB
Q4 25
7.60×
15.68×
Q3 25
4.31×
Q2 25
4.98×
Q1 25
2.46×
Q4 24
4.27×
1.37×
Q3 24
2.80×
Q2 24
9.61×
Q1 24
1.60×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DHX
DHX

Clearance Jobs$17.4M56%
Clearance Jobs Segment$13.9M44%

LB
LB

Segment breakdown not available.

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