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Side-by-side financial comparison of FLYEXCLUSIVE INC. (FLYX) and LandBridge Co LLC (LB). Click either name above to swap in a different company.
FLYEXCLUSIVE INC. is the larger business by last-quarter revenue ($92.1M vs $56.8M, roughly 1.6× LandBridge Co LLC). LandBridge Co LLC runs the higher net margin — 14.2% vs -4.6%, a 18.8% gap on every dollar of revenue. On growth, LandBridge Co LLC posted the faster year-over-year revenue change (55.6% vs 19.8%). LandBridge Co LLC produced more free cash flow last quarter ($122.0M vs $-11.0M). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (72.8% CAGR vs 21.9%).
FLYEXCLUSIVE INC. is a U.S.-headquartered private aviation services provider that offers private jet charter, aircraft management, maintenance repair, and fractional ownership programs. It primarily serves high-net-worth individuals, corporate clients, and government entities across North America, delivering personalized on-demand air travel solutions prioritizing safety and convenience.
FLYX vs LB — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $92.1M | $56.8M |
| Net Profit | $-4.3M | $8.1M |
| Gross Margin | 13.7% | — |
| Operating Margin | -12.3% | 60.0% |
| Net Margin | -4.6% | 14.2% |
| Revenue YoY | 19.8% | 55.6% |
| Net Profit YoY | 32.0% | -83.7% |
| EPS (diluted) | $-0.25 | $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.
| Q4 25 | — | $56.8M | ||
| Q3 25 | $92.1M | $50.8M | ||
| Q2 25 | $91.3M | $47.5M | ||
| Q1 25 | $88.1M | $44.0M | ||
| Q4 24 | — | $36.5M | ||
| Q3 24 | $76.9M | $28.5M | ||
| Q2 24 | $79.0M | $26.0M | ||
| Q1 24 | $80.0M | $19.0M |
| Q4 25 | — | $8.1M | ||
| Q3 25 | $-4.3M | $8.1M | ||
| Q2 25 | $-4.8M | $7.5M | ||
| Q1 25 | $-5.4M | $6.5M | ||
| Q4 24 | — | $49.3M | ||
| Q3 24 | $-6.3M | $2.7M | ||
| Q2 24 | $-5.2M | $-57.7M | ||
| Q1 24 | $-5.8M | $10.8M |
| Q4 25 | — | — | ||
| Q3 25 | 13.7% | — | ||
| Q2 25 | 15.0% | — | ||
| Q1 25 | 12.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 11.3% | — | ||
| Q2 24 | 7.9% | — | ||
| Q1 24 | 7.2% | — |
| Q4 25 | — | 60.0% | ||
| Q3 25 | -12.3% | 60.8% | ||
| Q2 25 | -13.5% | 60.0% | ||
| Q1 25 | -16.7% | 57.0% | ||
| Q4 24 | — | 49.4% | ||
| Q3 24 | -27.2% | 11.2% | ||
| Q2 24 | -27.6% | -197.4% | ||
| Q1 24 | -34.3% | 71.1% |
| Q4 25 | — | 14.2% | ||
| Q3 25 | -4.6% | 15.9% | ||
| Q2 25 | -5.2% | 15.8% | ||
| Q1 25 | -6.2% | 14.7% | ||
| Q4 24 | — | 135.2% | ||
| Q3 24 | -8.2% | 9.3% | ||
| Q2 24 | -6.5% | -222.1% | ||
| Q1 24 | -7.3% | 56.7% |
| Q4 25 | — | $0.24 | ||
| Q3 25 | $-0.25 | $0.26 | ||
| Q2 25 | $-0.26 | $0.24 | ||
| Q1 25 | $-0.30 | $0.20 | ||
| Q4 24 | — | — | ||
| Q3 24 | $-0.32 | $-0.04 | ||
| Q2 24 | $-0.32 | — | ||
| Q1 24 | $-0.35 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $18.7M | $30.7M |
| Total DebtLower is stronger | $123.9M | $570.7M |
| Stockholders' EquityBook value | $-434.2M | $340.3M |
| Total Assets | $448.1M | $1.4B |
| Debt / EquityLower = less leverage | — | 1.68× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $30.7M | ||
| Q3 25 | $18.7M | $28.3M | ||
| Q2 25 | $15.8M | $20.3M | ||
| Q1 25 | $14.7M | $14.9M | ||
| Q4 24 | — | $37.0M | ||
| Q3 24 | $18.7M | $14.4M | ||
| Q2 24 | $9.3M | $24.6M | ||
| Q1 24 | $5.3M | — |
| Q4 25 | — | $570.7M | ||
| Q3 25 | $123.9M | $366.1M | ||
| Q2 25 | $111.6M | $370.9M | ||
| Q1 25 | $121.6M | $375.5M | ||
| Q4 24 | — | $385.5M | ||
| Q3 24 | $197.9M | $242.4M | ||
| Q2 24 | $206.3M | $360.8M | ||
| Q1 24 | $209.4M | — |
| Q4 25 | — | $340.3M | ||
| Q3 25 | $-434.2M | $272.0M | ||
| Q2 25 | $-261.4M | $266.4M | ||
| Q1 25 | $-281.5M | $217.0M | ||
| Q4 24 | — | $211.8M | ||
| Q3 24 | $-192.0M | $97.2M | ||
| Q2 24 | $-149.7M | $296.4M | ||
| Q1 24 | $-149.5M | $162.3M |
| Q4 25 | — | $1.4B | ||
| Q3 25 | $448.1M | $1.1B | ||
| Q2 25 | $443.4M | $1.1B | ||
| Q1 25 | $466.8M | $1.0B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | $487.1M | $689.9M | ||
| Q2 24 | $494.7M | $710.5M | ||
| Q1 24 | $524.1M | — |
| Q4 25 | — | 1.68× | ||
| Q3 25 | — | 1.35× | ||
| Q2 25 | — | 1.39× | ||
| Q1 25 | — | 1.73× | ||
| Q4 24 | — | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-209.0K | $126.3M |
| Free Cash FlowOCF − Capex | $-11.0M | $122.0M |
| FCF MarginFCF / Revenue | -12.0% | 214.9% |
| Capex IntensityCapex / Revenue | 11.7% | 7.5% |
| Cash ConversionOCF / Net Profit | — | 15.68× |
| TTM Free Cash FlowTrailing 4 quarters | $-51.0M | $207.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $126.3M | ||
| Q3 25 | $-209.0K | $34.9M | ||
| Q2 25 | $363.0K | $37.3M | ||
| Q1 25 | $-10.5M | $15.9M | ||
| Q4 24 | — | $67.6M | ||
| Q3 24 | $-12.3M | $7.5M | ||
| Q2 24 | $-16.2M | $16.0M | ||
| Q1 24 | $-26.0M | $17.2M |
| Q4 25 | — | $122.0M | ||
| Q3 25 | $-11.0M | $33.7M | ||
| Q2 25 | $353.0K | $36.1M | ||
| Q1 25 | $-14.6M | $15.8M | ||
| Q4 24 | — | $66.7M | ||
| Q3 24 | $-25.7M | $7.1M | ||
| Q2 24 | $-26.6M | $15.7M | ||
| Q1 24 | $-64.5M | $17.1M |
| Q4 25 | — | 214.9% | ||
| Q3 25 | -12.0% | 66.3% | ||
| Q2 25 | 0.4% | 75.9% | ||
| Q1 25 | -16.5% | 36.0% | ||
| Q4 24 | — | 182.6% | ||
| Q3 24 | -33.5% | 25.1% | ||
| Q2 24 | -33.7% | 60.4% | ||
| Q1 24 | -80.6% | 90.1% |
| Q4 25 | — | 7.5% | ||
| Q3 25 | 11.7% | 2.3% | ||
| Q2 25 | 0.0% | 2.6% | ||
| Q1 25 | 4.7% | 0.2% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | 17.5% | 1.1% | ||
| Q2 24 | 13.2% | 1.4% | ||
| Q1 24 | 48.2% | 0.5% |
| Q4 25 | — | 15.68× | ||
| Q3 25 | — | 4.31× | ||
| Q2 25 | — | 4.98× | ||
| Q1 25 | — | 2.46× | ||
| Q4 24 | — | 1.37× | ||
| Q3 24 | — | 2.80× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.60× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
