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Side-by-side financial comparison of Evolv Technologies Holdings, Inc. (EVLV) 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 $38.5M, roughly 1.5× Evolv Technologies Holdings, Inc.). Evolv Technologies Holdings, Inc. runs the higher net margin — 28.3% vs 14.2%, a 14.1% gap on every dollar of revenue. On growth, LandBridge Co LLC posted the faster year-over-year revenue change (55.6% vs 32.3%). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (72.8% CAGR vs 31.8%).

Sentient Technologies was an American artificial intelligence technology company based in San Francisco. Sentient was founded in 2007 and received over $143 million in funding at different points after its inception. As of 2016, Sentient was the world's most well-funded AI company. It focused on e-commerce, online content and trading.

EVLV vs LB — Head-to-Head

Bigger by revenue
LB
LB
1.5× larger
LB
$56.8M
$38.5M
EVLV
Growing faster (revenue YoY)
LB
LB
+23.2% gap
LB
55.6%
32.3%
EVLV
Higher net margin
EVLV
EVLV
14.1% more per $
EVLV
28.3%
14.2%
LB
Faster 2-yr revenue CAGR
LB
LB
Annualised
LB
72.8%
31.8%
EVLV

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EVLV
EVLV
LB
LB
Revenue
$38.5M
$56.8M
Net Profit
$10.9M
$8.1M
Gross Margin
48.4%
Operating Margin
-20.7%
60.0%
Net Margin
28.3%
14.2%
Revenue YoY
32.3%
55.6%
Net Profit YoY
169.2%
-83.7%
EPS (diluted)
$0.07
$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
EVLV
EVLV
LB
LB
Q4 25
$38.5M
$56.8M
Q3 25
$42.9M
$50.8M
Q2 25
$32.5M
$47.5M
Q1 25
$32.0M
$44.0M
Q4 24
$29.1M
$36.5M
Q3 24
$27.4M
$28.5M
Q2 24
$25.2M
$26.0M
Q1 24
$22.2M
$19.0M
Net Profit
EVLV
EVLV
LB
LB
Q4 25
$10.9M
$8.1M
Q3 25
$-1.8M
$8.1M
Q2 25
$-40.5M
$7.5M
Q1 25
$-1.7M
$6.5M
Q4 24
$-15.7M
$49.3M
Q3 24
$-30.4M
$2.7M
Q2 24
$3.4M
$-57.7M
Q1 24
$-11.3M
$10.8M
Gross Margin
EVLV
EVLV
LB
LB
Q4 25
48.4%
Q3 25
49.7%
Q2 25
49.8%
Q1 25
59.8%
Q4 24
57.5%
Q3 24
57.8%
Q2 24
58.5%
Q1 24
54.8%
Operating Margin
EVLV
EVLV
LB
LB
Q4 25
-20.7%
60.0%
Q3 25
-20.1%
60.8%
Q2 25
-53.8%
60.0%
Q1 25
-45.0%
57.0%
Q4 24
-64.9%
49.4%
Q3 24
-70.0%
11.2%
Q2 24
-88.7%
-197.4%
Q1 24
-98.8%
71.1%
Net Margin
EVLV
EVLV
LB
LB
Q4 25
28.3%
14.2%
Q3 25
-4.2%
15.9%
Q2 25
-124.6%
15.8%
Q1 25
-5.3%
14.7%
Q4 24
-54.0%
135.2%
Q3 24
-111.3%
9.3%
Q2 24
13.6%
-222.1%
Q1 24
-50.8%
56.7%
EPS (diluted)
EVLV
EVLV
LB
LB
Q4 25
$0.07
$0.24
Q3 25
$-0.01
$0.26
Q2 25
$-0.25
$0.24
Q1 25
$-0.01
$0.20
Q4 24
$-0.10
Q3 24
$-0.19
$-0.04
Q2 24
$0.02
Q1 24
$-0.07

Balance Sheet & Financial Strength

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

Metric
EVLV
EVLV
LB
LB
Cash + ST InvestmentsLiquidity on hand
$49.1M
$30.7M
Total DebtLower is stronger
$28.6M
$570.7M
Stockholders' EquityBook value
$119.4M
$340.3M
Total Assets
$304.4M
$1.4B
Debt / EquityLower = less leverage
0.24×
1.68×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EVLV
EVLV
LB
LB
Q4 25
$49.1M
$30.7M
Q3 25
$56.2M
$28.3M
Q2 25
$36.9M
$20.3M
Q1 25
$35.0M
$14.9M
Q4 24
$51.9M
$37.0M
Q3 24
$56.0M
$14.4M
Q2 24
$56.5M
$24.6M
Q1 24
$81.0M
Total Debt
EVLV
EVLV
LB
LB
Q4 25
$28.6M
$570.7M
Q3 25
$28.5M
$366.1M
Q2 25
$370.9M
Q1 25
$375.5M
Q4 24
$0
$385.5M
Q3 24
$242.4M
Q2 24
$360.8M
Q1 24
Stockholders' Equity
EVLV
EVLV
LB
LB
Q4 25
$119.4M
$340.3M
Q3 25
$102.2M
$272.0M
Q2 25
$92.7M
$266.4M
Q1 25
$121.1M
$217.0M
Q4 24
$117.7M
$211.8M
Q3 24
$129.0M
$97.2M
Q2 24
$151.2M
$296.4M
Q1 24
$139.8M
$162.3M
Total Assets
EVLV
EVLV
LB
LB
Q4 25
$304.4M
$1.4B
Q3 25
$304.3M
$1.1B
Q2 25
$280.4M
$1.1B
Q1 25
$256.0M
$1.0B
Q4 24
$268.1M
$1.0B
Q3 24
$278.5M
$689.9M
Q2 24
$269.1M
$710.5M
Q1 24
$280.0M
Debt / Equity
EVLV
EVLV
LB
LB
Q4 25
0.24×
1.68×
Q3 25
0.28×
1.35×
Q2 25
1.39×
Q1 25
1.73×
Q4 24
0.00×
1.82×
Q3 24
2.49×
Q2 24
1.22×
Q1 24

Cash Flow & Capital Efficiency

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

Metric
EVLV
EVLV
LB
LB
Operating Cash FlowLast quarter
$15.6M
$126.3M
Free Cash FlowOCF − Capex
$122.0M
FCF MarginFCF / Revenue
214.9%
Capex IntensityCapex / Revenue
7.5%
Cash ConversionOCF / Net Profit
1.43×
15.68×
TTM Free Cash FlowTrailing 4 quarters
$207.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EVLV
EVLV
LB
LB
Q4 25
$15.6M
$126.3M
Q3 25
$3.5M
$34.9M
Q2 25
$2.1M
$37.3M
Q1 25
$-2.5M
$15.9M
Q4 24
$3.2M
$67.6M
Q3 24
$3.7M
$7.5M
Q2 24
$-21.6M
$16.0M
Q1 24
$-16.2M
$17.2M
Free Cash Flow
EVLV
EVLV
LB
LB
Q4 25
$122.0M
Q3 25
$33.7M
Q2 25
$36.1M
Q1 25
$15.8M
Q4 24
$66.7M
Q3 24
$7.1M
Q2 24
$15.7M
Q1 24
$17.1M
FCF Margin
EVLV
EVLV
LB
LB
Q4 25
214.9%
Q3 25
66.3%
Q2 25
75.9%
Q1 25
36.0%
Q4 24
182.6%
Q3 24
25.1%
Q2 24
60.4%
Q1 24
90.1%
Capex Intensity
EVLV
EVLV
LB
LB
Q4 25
7.5%
Q3 25
2.3%
Q2 25
2.6%
Q1 25
0.2%
Q4 24
2.7%
Q3 24
1.1%
Q2 24
1.4%
Q1 24
0.5%
Cash Conversion
EVLV
EVLV
LB
LB
Q4 25
1.43×
15.68×
Q3 25
4.31×
Q2 25
4.98×
Q1 25
2.46×
Q4 24
1.37×
Q3 24
2.80×
Q2 24
-6.31×
Q1 24
1.60×

Financial Flow Comparison

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

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