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Side-by-side financial comparison of Granite Ridge Resources, Inc. (GRNT) and LandBridge Co LLC (LB). Click either name above to swap in a different company.
Granite Ridge Resources, Inc. is the larger business by last-quarter revenue ($105.5M vs $56.8M, roughly 1.9× LandBridge Co LLC). On growth, LandBridge Co LLC posted the faster year-over-year revenue change (55.6% vs -0.8%). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (72.8% CAGR vs 8.9%).
Granite Ridge Resources, Inc. is an independent upstream energy company focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. It operates low-cost, high-yield onshore hydrocarbon assets across key U.S. basins, primarily serving North American energy markets.
GRNT vs LB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $56.8M |
| Net Profit | — | $8.1M |
| Gross Margin | — | — |
| Operating Margin | -34.5% | 60.0% |
| Net Margin | — | 14.2% |
| Revenue YoY | -0.8% | 55.6% |
| Net Profit YoY | — | -83.7% |
| EPS (diluted) | $-0.19 | $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 | $105.5M | $56.8M | ||
| Q3 25 | $112.7M | $50.8M | ||
| Q2 25 | $109.2M | $47.5M | ||
| Q1 25 | $122.9M | $44.0M | ||
| Q4 24 | $106.3M | $36.5M | ||
| Q3 24 | $94.1M | $28.5M | ||
| Q2 24 | $90.7M | $26.0M | ||
| Q1 24 | $89.0M | $19.0M |
| Q4 25 | — | $8.1M | ||
| Q3 25 | $14.5M | $8.1M | ||
| Q2 25 | $25.1M | $7.5M | ||
| Q1 25 | $9.8M | $6.5M | ||
| Q4 24 | — | $49.3M | ||
| Q3 24 | $9.1M | $2.7M | ||
| Q2 24 | $5.1M | $-57.7M | ||
| Q1 24 | $16.2M | $10.8M |
| Q4 25 | -34.5% | 60.0% | ||
| Q3 25 | 17.4% | 60.8% | ||
| Q2 25 | 19.0% | 60.0% | ||
| Q1 25 | 34.6% | 57.0% | ||
| Q4 24 | -6.5% | 49.4% | ||
| Q3 24 | 26.2% | 11.2% | ||
| Q2 24 | 24.1% | -197.4% | ||
| Q1 24 | 22.0% | 71.1% |
| Q4 25 | — | 14.2% | ||
| Q3 25 | 12.9% | 15.9% | ||
| Q2 25 | 23.0% | 15.8% | ||
| Q1 25 | 8.0% | 14.7% | ||
| Q4 24 | — | 135.2% | ||
| Q3 24 | 9.6% | 9.3% | ||
| Q2 24 | 5.6% | -222.1% | ||
| Q1 24 | 18.2% | 56.7% |
| Q4 25 | $-0.19 | $0.24 | ||
| Q3 25 | $0.11 | $0.26 | ||
| Q2 25 | $0.19 | $0.24 | ||
| Q1 25 | $0.07 | $0.20 | ||
| Q4 24 | $-0.09 | — | ||
| Q3 24 | $0.07 | $-0.04 | ||
| Q2 24 | $0.04 | — | ||
| Q1 24 | $0.12 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $30.7M |
| Total DebtLower is stronger | $367.8M | $570.7M |
| Stockholders' EquityBook value | $605.8M | $340.3M |
| Total Assets | $1.2B | $1.4B |
| Debt / EquityLower = less leverage | 0.61× | 1.68× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $30.7M | ||
| Q3 25 | — | $28.3M | ||
| Q2 25 | — | $20.3M | ||
| Q1 25 | — | $14.9M | ||
| Q4 24 | — | $37.0M | ||
| Q3 24 | — | $14.4M | ||
| Q2 24 | — | $24.6M | ||
| Q1 24 | — | — |
| Q4 25 | $367.8M | $570.7M | ||
| Q3 25 | $300.0M | $366.1M | ||
| Q2 25 | $275.0M | $370.9M | ||
| Q1 25 | $250.0M | $375.5M | ||
| Q4 24 | $205.0M | $385.5M | ||
| Q3 24 | — | $242.4M | ||
| Q2 24 | — | $360.8M | ||
| Q1 24 | $137.5M | — |
| Q4 25 | $605.8M | $340.3M | ||
| Q3 25 | $643.9M | $272.0M | ||
| Q2 25 | $642.5M | $266.4M | ||
| Q1 25 | $631.4M | $217.0M | ||
| Q4 24 | $635.4M | $211.8M | ||
| Q3 24 | $660.6M | $97.2M | ||
| Q2 24 | $665.3M | $296.4M | ||
| Q1 24 | $674.0M | $162.3M |
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.1B | $1.0B | ||
| Q4 24 | $1.0B | $1.0B | ||
| Q3 24 | $1.0B | $689.9M | ||
| Q2 24 | $990.5M | $710.5M | ||
| Q1 24 | $966.7M | — |
| Q4 25 | 0.61× | 1.68× | ||
| Q3 25 | 0.47× | 1.35× | ||
| Q2 25 | 0.43× | 1.39× | ||
| Q1 25 | 0.40× | 1.73× | ||
| Q4 24 | 0.32× | 1.82× | ||
| Q3 24 | — | 2.49× | ||
| Q2 24 | — | 1.22× | ||
| Q1 24 | 0.20× | — |
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 | $64.5M | $126.3M |
| Free Cash FlowOCF − Capex | — | $122.0M |
| FCF MarginFCF / Revenue | — | 214.9% |
| Capex IntensityCapex / Revenue | — | 7.5% |
| Cash ConversionOCF / Net Profit | — | 15.68× |
| TTM Free Cash FlowTrailing 4 quarters | — | $207.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.5M | $126.3M | ||
| Q3 25 | $77.8M | $34.9M | ||
| Q2 25 | $78.0M | $37.3M | ||
| Q1 25 | $76.1M | $15.9M | ||
| Q4 24 | $68.2M | $67.6M | ||
| Q3 24 | $74.7M | $7.5M | ||
| Q2 24 | $64.2M | $16.0M | ||
| Q1 24 | $68.7M | $17.2M |
| 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 |
| 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% |
| 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% |
| Q4 25 | — | 15.68× | ||
| Q3 25 | 5.36× | 4.31× | ||
| Q2 25 | 3.11× | 4.98× | ||
| Q1 25 | 7.75× | 2.46× | ||
| Q4 24 | — | 1.37× | ||
| Q3 24 | 8.25× | 2.80× | ||
| Q2 24 | 12.58× | — | ||
| Q1 24 | 4.23× | 1.60× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GRNT
| Oil And Gas Service | $87.6M | 83% |
| Natural Gas Storage | $17.9M | 17% |
LB
Segment breakdown not available.
