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Side-by-side financial comparison of GRAHAM CORP (GHM) 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 $56.7M, roughly 1.0× GRAHAM CORP). LandBridge Co LLC runs the higher net margin — 14.2% vs 5.0%, a 9.2% gap on every dollar of revenue. On growth, LandBridge Co LLC posted the faster year-over-year revenue change (55.6% vs 20.5%). LandBridge Co LLC produced more free cash flow last quarter ($122.0M vs $2.4M). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (72.8% CAGR vs 7.5%).
Graham Holdings Company is a diversified American conglomerate holding company. Headquartered in Arlington County, Virginia, and incorporated in Delaware, it was formerly the owner of The Washington Post newspaper and Newsweek magazine.
GHM vs LB — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $56.7M | $56.8M |
| Net Profit | $2.8M | $8.1M |
| Gross Margin | 23.8% | — |
| Operating Margin | 5.5% | 60.0% |
| Net Margin | 5.0% | 14.2% |
| Revenue YoY | 20.5% | 55.6% |
| Net Profit YoY | 79.2% | -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 | $56.7M | $56.8M | ||
| Q3 25 | $66.0M | $50.8M | ||
| Q2 25 | $55.5M | $47.5M | ||
| Q1 25 | $59.3M | $44.0M | ||
| Q4 24 | $47.0M | $36.5M | ||
| Q3 24 | $53.6M | $28.5M | ||
| Q2 24 | $50.0M | $26.0M | ||
| Q1 24 | $49.1M | $19.0M |
| Q4 25 | $2.8M | $8.1M | ||
| Q3 25 | $3.1M | $8.1M | ||
| Q2 25 | $4.6M | $7.5M | ||
| Q1 25 | $4.4M | $6.5M | ||
| Q4 24 | $1.6M | $49.3M | ||
| Q3 24 | $3.3M | $2.7M | ||
| Q2 24 | $3.0M | $-57.7M | ||
| Q1 24 | $1.3M | $10.8M |
| Q4 25 | 23.8% | — | ||
| Q3 25 | 21.7% | — | ||
| Q2 25 | 26.5% | — | ||
| Q1 25 | 27.0% | — | ||
| Q4 24 | 24.8% | — | ||
| Q3 24 | 23.9% | — | ||
| Q2 24 | 24.8% | — | ||
| Q1 24 | 25.9% | — |
| Q4 25 | 5.5% | 60.0% | ||
| Q3 25 | 6.5% | 60.8% | ||
| Q2 25 | 8.9% | 60.0% | ||
| Q1 25 | 9.3% | 57.0% | ||
| Q4 24 | 4.7% | 49.4% | ||
| Q3 24 | 7.9% | 11.2% | ||
| Q2 24 | 6.5% | -197.4% | ||
| Q1 24 | 3.1% | 71.1% |
| Q4 25 | 5.0% | 14.2% | ||
| Q3 25 | 4.7% | 15.9% | ||
| Q2 25 | 8.3% | 15.8% | ||
| Q1 25 | 7.4% | 14.7% | ||
| Q4 24 | 3.4% | 135.2% | ||
| Q3 24 | 6.1% | 9.3% | ||
| Q2 24 | 5.9% | -222.1% | ||
| Q1 24 | 2.7% | 56.7% |
| Q4 25 | $0.25 | $0.24 | ||
| Q3 25 | $0.28 | $0.26 | ||
| Q2 25 | $0.42 | $0.24 | ||
| Q1 25 | $0.40 | $0.20 | ||
| Q4 24 | $0.14 | — | ||
| Q3 24 | $0.30 | $-0.04 | ||
| Q2 24 | $0.27 | — | ||
| Q1 24 | $0.11 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $22.3M | $30.7M |
| Total DebtLower is stronger | — | $570.7M |
| Stockholders' EquityBook value | $131.3M | $340.3M |
| Total Assets | $292.9M | $1.4B |
| Debt / EquityLower = less leverage | — | 1.68× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.3M | $30.7M | ||
| Q3 25 | $20.6M | $28.3M | ||
| Q2 25 | $10.8M | $20.3M | ||
| Q1 25 | $21.6M | $14.9M | ||
| Q4 24 | $30.0M | $37.0M | ||
| Q3 24 | $32.3M | $14.4M | ||
| Q2 24 | $21.6M | $24.6M | ||
| Q1 24 | $16.9M | — |
| Q4 25 | — | $570.7M | ||
| Q3 25 | — | $366.1M | ||
| Q2 25 | — | $370.9M | ||
| Q1 25 | — | $375.5M | ||
| Q4 24 | — | $385.5M | ||
| Q3 24 | — | $242.4M | ||
| Q2 24 | — | $360.8M | ||
| Q1 24 | — | — |
| Q4 25 | $131.3M | $340.3M | ||
| Q3 25 | $127.6M | $272.0M | ||
| Q2 25 | $123.4M | $266.4M | ||
| Q1 25 | $119.6M | $217.0M | ||
| Q4 24 | $114.4M | $211.8M | ||
| Q3 24 | $112.5M | $97.2M | ||
| Q2 24 | $108.2M | $296.4M | ||
| Q1 24 | $105.6M | $162.3M |
| Q4 25 | $292.9M | $1.4B | ||
| Q3 25 | $287.0M | $1.1B | ||
| Q2 25 | $252.3M | $1.1B | ||
| Q1 25 | $264.1M | $1.0B | ||
| Q4 24 | $264.3M | $1.0B | ||
| Q3 24 | $249.5M | $689.9M | ||
| Q2 24 | $244.2M | $710.5M | ||
| Q1 24 | $233.9M | — |
| 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 | $4.8M | $126.3M |
| Free Cash FlowOCF − Capex | $2.4M | $122.0M |
| FCF MarginFCF / Revenue | 4.3% | 214.9% |
| Capex IntensityCapex / Revenue | 4.1% | 7.5% |
| Cash ConversionOCF / Net Profit | 1.67× | 15.68× |
| TTM Free Cash FlowTrailing 4 quarters | $-6.1M | $207.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.8M | $126.3M | ||
| Q3 25 | $13.6M | $34.9M | ||
| Q2 25 | $-2.3M | $37.3M | ||
| Q1 25 | $-3.6M | $15.9M | ||
| Q4 24 | $5.2M | $67.6M | ||
| Q3 24 | $13.9M | $7.5M | ||
| Q2 24 | $8.7M | $16.0M | ||
| Q1 24 | $8.6M | $17.2M |
| Q4 25 | $2.4M | $122.0M | ||
| Q3 25 | $9.4M | $33.7M | ||
| Q2 25 | $-9.3M | $36.1M | ||
| Q1 25 | $-8.7M | $15.8M | ||
| Q4 24 | $-2.1M | $66.7M | ||
| Q3 24 | $10.4M | $7.1M | ||
| Q2 24 | $5.7M | $15.7M | ||
| Q1 24 | $4.6M | $17.1M |
| Q4 25 | 4.3% | 214.9% | ||
| Q3 25 | 14.3% | 66.3% | ||
| Q2 25 | -16.7% | 75.9% | ||
| Q1 25 | -14.7% | 36.0% | ||
| Q4 24 | -4.5% | 182.6% | ||
| Q3 24 | 19.5% | 25.1% | ||
| Q2 24 | 11.5% | 60.4% | ||
| Q1 24 | 9.4% | 90.1% |
| Q4 25 | 4.1% | 7.5% | ||
| Q3 25 | 6.3% | 2.3% | ||
| Q2 25 | 12.6% | 2.6% | ||
| Q1 25 | 8.7% | 0.2% | ||
| Q4 24 | 15.6% | 2.7% | ||
| Q3 24 | 6.5% | 1.1% | ||
| Q2 24 | 6.0% | 1.4% | ||
| Q1 24 | 8.2% | 0.5% |
| Q4 25 | 1.67× | 15.68× | ||
| Q3 25 | 4.40× | 4.31× | ||
| Q2 25 | -0.49× | 4.98× | ||
| Q1 25 | -0.81× | 2.46× | ||
| Q4 24 | 3.29× | 1.37× | ||
| Q3 24 | 4.25× | 2.80× | ||
| Q2 24 | 2.94× | — | ||
| Q1 24 | 6.45× | 1.60× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GHM
| Defense | $35.3M | 62% |
| Energy And Process | $18.3M | 32% |
| Space | $3.1M | 6% |
LB
Segment breakdown not available.
