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Side-by-side financial comparison of LandBridge Co LLC (LB) and WM TECHNOLOGY, INC. (MAPS). Click either name above to swap in a different company.
LandBridge Co LLC is the larger business by last-quarter revenue ($56.8M vs $43.1M, roughly 1.3× WM TECHNOLOGY, INC.). LandBridge Co LLC runs the higher net margin — 14.2% vs -8.3%, a 22.5% gap on every dollar of revenue. On growth, LandBridge Co LLC posted the faster year-over-year revenue change (55.6% vs -9.7%). LandBridge Co LLC produced more free cash flow last quarter ($122.0M vs $-280.0K). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (72.8% CAGR vs -1.5%).
WM Entertainment is a South Korean entertainment company established in 2008 by former singer Lee Won-min. The company is responsible for managing artist Oh My Girl. On April 7, 2021, the company was acquired by RBW.
LB vs MAPS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $56.8M | $43.1M |
| Net Profit | $8.1M | $-3.6M |
| Gross Margin | — | 94.9% |
| Operating Margin | 60.0% | -13.5% |
| Net Margin | 14.2% | -8.3% |
| Revenue YoY | 55.6% | -9.7% |
| Net Profit YoY | -83.7% | -251.9% |
| EPS (diluted) | $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 | $43.1M | ||
| Q3 25 | $50.8M | $42.2M | ||
| Q2 25 | $47.5M | $44.8M | ||
| Q1 25 | $44.0M | $44.6M | ||
| Q4 24 | $36.5M | $47.7M | ||
| Q3 24 | $28.5M | $46.6M | ||
| Q2 24 | $26.0M | $45.9M | ||
| Q1 24 | $19.0M | $44.4M |
| Q4 25 | $8.1M | $-3.6M | ||
| Q3 25 | $8.1M | $2.5M | ||
| Q2 25 | $7.5M | $1.4M | ||
| Q1 25 | $6.5M | $1.6M | ||
| Q4 24 | $49.3M | $2.4M | ||
| Q3 24 | $2.7M | $3.3M | ||
| Q2 24 | $-57.7M | $716.0K | ||
| Q1 24 | $10.8M | $1.2M |
| Q4 25 | — | 94.9% | ||
| Q3 25 | — | 95.0% | ||
| Q2 25 | — | 94.9% | ||
| Q1 25 | — | 95.0% | ||
| Q4 24 | — | 95.2% | ||
| Q3 24 | — | 95.3% | ||
| Q2 24 | — | 95.1% | ||
| Q1 24 | — | 94.8% |
| Q4 25 | 60.0% | -13.5% | ||
| Q3 25 | 60.8% | 4.6% | ||
| Q2 25 | 60.0% | 4.4% | ||
| Q1 25 | 57.0% | 5.9% | ||
| Q4 24 | 49.4% | 9.6% | ||
| Q3 24 | 11.2% | 11.2% | ||
| Q2 24 | -197.4% | 2.7% | ||
| Q1 24 | 71.1% | 8.5% |
| Q4 25 | 14.2% | -8.3% | ||
| Q3 25 | 15.9% | 5.8% | ||
| Q2 25 | 15.8% | 3.2% | ||
| Q1 25 | 14.7% | 3.7% | ||
| Q4 24 | 135.2% | 4.9% | ||
| Q3 24 | 9.3% | 7.2% | ||
| Q2 24 | -222.1% | 1.6% | ||
| Q1 24 | 56.7% | 2.8% |
| Q4 25 | $0.24 | — | ||
| Q3 25 | $0.26 | — | ||
| Q2 25 | $0.24 | — | ||
| Q1 25 | $0.20 | $0.02 | ||
| Q4 24 | — | — | ||
| Q3 24 | $-0.04 | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $0.01 |
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 | $62.4M |
| Total DebtLower is stronger | $570.7M | — |
| Stockholders' EquityBook value | $340.3M | $57.2M |
| Total Assets | $1.4B | $190.7M |
| Debt / EquityLower = less leverage | 1.68× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $30.7M | $62.4M | ||
| Q3 25 | $28.3M | — | ||
| Q2 25 | $20.3M | — | ||
| Q1 25 | $14.9M | — | ||
| Q4 24 | $37.0M | $52.0M | ||
| Q3 24 | $14.4M | — | ||
| Q2 24 | $24.6M | — | ||
| Q1 24 | — | — |
| 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 | $57.2M | ||
| Q3 25 | $272.0M | $56.9M | ||
| Q2 25 | $266.4M | $52.7M | ||
| Q1 25 | $217.0M | $48.5M | ||
| Q4 24 | $211.8M | $36.1M | ||
| Q3 24 | $97.2M | $29.5M | ||
| Q2 24 | $296.4M | $24.5M | ||
| Q1 24 | $162.3M | $20.8M |
| Q4 25 | $1.4B | $190.7M | ||
| Q3 25 | $1.1B | $192.9M | ||
| Q2 25 | $1.1B | $188.1M | ||
| Q1 25 | $1.0B | $183.8M | ||
| Q4 24 | $1.0B | $181.9M | ||
| Q3 24 | $689.9M | $173.6M | ||
| Q2 24 | $710.5M | $168.0M | ||
| Q1 24 | — | $165.8M |
| 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 | $126.3M | $3.0M |
| Free Cash FlowOCF − Capex | $122.0M | $-280.0K |
| FCF MarginFCF / Revenue | 214.9% | -0.7% |
| Capex IntensityCapex / Revenue | 7.5% | 7.7% |
| Cash ConversionOCF / Net Profit | 15.68× | — |
| TTM Free Cash FlowTrailing 4 quarters | $207.7M | $13.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $126.3M | $3.0M | ||
| Q3 25 | $34.9M | $6.4M | ||
| Q2 25 | $37.3M | $11.1M | ||
| Q1 25 | $15.9M | $5.7M | ||
| Q4 24 | $67.6M | $9.4M | ||
| Q3 24 | $7.5M | $7.2M | ||
| Q2 24 | $16.0M | $12.7M | ||
| Q1 24 | $17.2M | $7.4M |
| Q4 25 | $122.0M | $-280.0K | ||
| Q3 25 | $33.7M | $3.6M | ||
| Q2 25 | $36.1M | $8.2M | ||
| Q1 25 | $15.8M | $2.0M | ||
| Q4 24 | $66.7M | $7.3M | ||
| Q3 24 | $7.1M | $4.9M | ||
| Q2 24 | $15.7M | $10.1M | ||
| Q1 24 | $17.1M | $2.9M |
| Q4 25 | 214.9% | -0.7% | ||
| Q3 25 | 66.3% | 8.4% | ||
| Q2 25 | 75.9% | 18.3% | ||
| Q1 25 | 36.0% | 4.5% | ||
| Q4 24 | 182.6% | 15.2% | ||
| Q3 24 | 25.1% | 10.4% | ||
| Q2 24 | 60.4% | 21.9% | ||
| Q1 24 | 90.1% | 6.4% |
| Q4 25 | 7.5% | 7.7% | ||
| Q3 25 | 2.3% | 6.8% | ||
| Q2 25 | 2.6% | 6.3% | ||
| Q1 25 | 0.2% | 8.2% | ||
| Q4 24 | 2.7% | 4.5% | ||
| Q3 24 | 1.1% | 5.1% | ||
| Q2 24 | 1.4% | 5.7% | ||
| Q1 24 | 0.5% | 10.2% |
| Q4 25 | 15.68× | — | ||
| Q3 25 | 4.31× | 2.61× | ||
| Q2 25 | 4.98× | 7.75× | ||
| Q1 25 | 2.46× | 3.44× | ||
| Q4 24 | 1.37× | 4.00× | ||
| Q3 24 | 2.80× | 2.17× | ||
| Q2 24 | — | 17.67× | ||
| Q1 24 | 1.60× | 5.97× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LB
Segment breakdown not available.
MAPS
| Services | $39.5M | 92% |
| Other | $3.6M | 8% |
