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Side-by-side financial comparison of Inspirato Inc (ISPO) 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 $55.5M, roughly 1.0× Inspirato Inc). LandBridge Co LLC runs the higher net margin — 14.2% vs -8.1%, a 22.3% gap on every dollar of revenue. On growth, LandBridge Co LLC posted the faster year-over-year revenue change (55.6% vs -19.6%). LandBridge Co LLC produced more free cash flow last quarter ($122.0M vs $-3.0M). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (72.8% CAGR vs -11.4%).
Inspirato Inc is a luxury travel and hospitality subscription service provider catering primarily to high-net-worth consumers across North America. It offers curated premium villa rentals, exclusive resort access, customized trip planning, and corporate travel incentive solutions for enterprise clients.
ISPO vs LB — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $55.5M | $56.8M |
| Net Profit | $-4.5M | $8.1M |
| Gross Margin | 31.4% | — |
| Operating Margin | -8.0% | 60.0% |
| Net Margin | -8.1% | 14.2% |
| Revenue YoY | -19.6% | 55.6% |
| Net Profit YoY | -204.4% | -83.7% |
| EPS (diluted) | $-0.36 | $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 | $55.5M | $50.8M | ||
| Q2 25 | $63.1M | $47.5M | ||
| Q1 25 | $65.9M | $44.0M | ||
| Q4 24 | $63.1M | $36.5M | ||
| Q3 24 | $69.1M | $28.5M | ||
| Q2 24 | $67.4M | $26.0M | ||
| Q1 24 | $80.2M | $19.0M |
| Q4 25 | — | $8.1M | ||
| Q3 25 | $-4.5M | $8.1M | ||
| Q2 25 | $-5.3M | $7.5M | ||
| Q1 25 | $1.6M | $6.5M | ||
| Q4 24 | $-2.3M | $49.3M | ||
| Q3 24 | $4.3M | $2.7M | ||
| Q2 24 | $-8.7M | $-57.7M | ||
| Q1 24 | $1.3M | $10.8M |
| Q4 25 | — | — | ||
| Q3 25 | 31.4% | — | ||
| Q2 25 | 27.5% | — | ||
| Q1 25 | 38.8% | — | ||
| Q4 24 | 34.7% | — | ||
| Q3 24 | 71.5% | — | ||
| Q2 24 | 24.0% | — | ||
| Q1 24 | 39.5% | — |
| Q4 25 | — | 60.0% | ||
| Q3 25 | -8.0% | 60.8% | ||
| Q2 25 | -8.3% | 60.0% | ||
| Q1 25 | 2.5% | 57.0% | ||
| Q4 24 | -3.2% | 49.4% | ||
| Q3 24 | 9.8% | 11.2% | ||
| Q2 24 | -22.8% | -197.4% | ||
| Q1 24 | 3.0% | 71.1% |
| Q4 25 | — | 14.2% | ||
| Q3 25 | -8.1% | 15.9% | ||
| Q2 25 | -8.4% | 15.8% | ||
| Q1 25 | 2.5% | 14.7% | ||
| Q4 24 | -3.6% | 135.2% | ||
| Q3 24 | 6.3% | 9.3% | ||
| Q2 24 | -12.9% | -222.1% | ||
| Q1 24 | 1.6% | 56.7% |
| Q4 25 | — | $0.24 | ||
| Q3 25 | $-0.36 | $0.26 | ||
| Q2 25 | $-0.42 | $0.24 | ||
| Q1 25 | $0.12 | $0.20 | ||
| Q4 24 | $0.98 | — | ||
| Q3 24 | $0.62 | $-0.04 | ||
| Q2 24 | $-2.33 | — | ||
| Q1 24 | $-0.18 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $13.7M | $30.7M |
| Total DebtLower is stronger | — | $570.7M |
| Stockholders' EquityBook value | $-134.0M | $340.3M |
| Total Assets | $228.3M | $1.4B |
| Debt / EquityLower = less leverage | — | 1.68× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $30.7M | ||
| Q3 25 | $13.7M | $28.3M | ||
| Q2 25 | $16.7M | $20.3M | ||
| Q1 25 | $16.4M | $14.9M | ||
| Q4 24 | $21.8M | $37.0M | ||
| Q3 24 | $13.5M | $14.4M | ||
| Q2 24 | $18.8M | $24.6M | ||
| Q1 24 | $22.6M | — |
| 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 | — | $340.3M | ||
| Q3 25 | $-134.0M | $272.0M | ||
| Q2 25 | $-129.7M | $266.4M | ||
| Q1 25 | $-125.2M | $217.0M | ||
| Q4 24 | $-129.9M | $211.8M | ||
| Q3 24 | $-134.6M | $97.2M | ||
| Q2 24 | $-35.2M | $296.4M | ||
| Q1 24 | $-27.5M | $162.3M |
| Q4 25 | — | $1.4B | ||
| Q3 25 | $228.3M | $1.1B | ||
| Q2 25 | $252.6M | $1.1B | ||
| Q1 25 | $270.1M | $1.0B | ||
| Q4 24 | $273.9M | $1.0B | ||
| Q3 24 | $273.3M | $689.9M | ||
| Q2 24 | $301.7M | $710.5M | ||
| Q1 24 | $313.0M | — |
| 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 | $-2.2M | $126.3M |
| Free Cash FlowOCF − Capex | $-3.0M | $122.0M |
| FCF MarginFCF / Revenue | -5.4% | 214.9% |
| Capex IntensityCapex / Revenue | 1.4% | 7.5% |
| Cash ConversionOCF / Net Profit | — | 15.68× |
| TTM Free Cash FlowTrailing 4 quarters | $-31.2M | $207.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $126.3M | ||
| Q3 25 | $-2.2M | $34.9M | ||
| Q2 25 | $1.1M | $37.3M | ||
| Q1 25 | $-6.6M | $15.9M | ||
| Q4 24 | $-15.8M | $67.6M | ||
| Q3 24 | $-13.7M | $7.5M | ||
| Q2 24 | $-1.8M | $16.0M | ||
| Q1 24 | $-7.2M | $17.2M |
| Q4 25 | — | $122.0M | ||
| Q3 25 | $-3.0M | $33.7M | ||
| Q2 25 | $468.0K | $36.1M | ||
| Q1 25 | $-7.5M | $15.8M | ||
| Q4 24 | $-21.2M | $66.7M | ||
| Q3 24 | $-14.8M | $7.1M | ||
| Q2 24 | $-3.7M | $15.7M | ||
| Q1 24 | $-8.5M | $17.1M |
| Q4 25 | — | 214.9% | ||
| Q3 25 | -5.4% | 66.3% | ||
| Q2 25 | 0.7% | 75.9% | ||
| Q1 25 | -11.4% | 36.0% | ||
| Q4 24 | -33.7% | 182.6% | ||
| Q3 24 | -21.5% | 25.1% | ||
| Q2 24 | -5.5% | 60.4% | ||
| Q1 24 | -10.6% | 90.1% |
| Q4 25 | — | 7.5% | ||
| Q3 25 | 1.4% | 2.3% | ||
| Q2 25 | 1.0% | 2.6% | ||
| Q1 25 | 1.3% | 0.2% | ||
| Q4 24 | 8.7% | 2.7% | ||
| Q3 24 | 1.6% | 1.1% | ||
| Q2 24 | 2.8% | 1.4% | ||
| Q1 24 | 1.6% | 0.5% |
| Q4 25 | — | 15.68× | ||
| Q3 25 | — | 4.31× | ||
| Q2 25 | — | 4.98× | ||
| Q1 25 | -4.09× | 2.46× | ||
| Q4 24 | — | 1.37× | ||
| Q3 24 | -3.16× | 2.80× | ||
| Q2 24 | — | — | ||
| Q1 24 | -5.70× | 1.60× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ISPO
| Residence And Hotel Travel | $25.9M | 47% |
| Subscription | $19.4M | 35% |
| Experiences And Bespoke Travel | $8.0M | 14% |
| Rewards And Other Revenue | $2.3M | 4% |
LB
Segment breakdown not available.
