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Side-by-side financial comparison of LandBridge Co LLC (LB) and NPK International Inc. (NPKI). Click either name above to swap in a different company.
NPK International Inc. is the larger business by last-quarter revenue ($75.2M vs $56.8M, roughly 1.3× LandBridge Co LLC). On growth, LandBridge Co LLC posted the faster year-over-year revenue change (55.6% vs 30.7%). LandBridge Co LLC produced more free cash flow last quarter ($122.0M vs $5.8M). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (72.8% CAGR vs 23.9%).
LB vs NPKI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $56.8M | $75.2M |
| Net Profit | $8.1M | — |
| Gross Margin | — | 37.7% |
| Operating Margin | 60.0% | 16.7% |
| Net Margin | 14.2% | — |
| Revenue YoY | 55.6% | 30.7% |
| Net Profit YoY | -83.7% | — |
| EPS (diluted) | $0.24 | $0.17 |
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 | $75.2M | ||
| Q3 25 | $50.8M | $68.8M | ||
| Q2 25 | $47.5M | $68.2M | ||
| Q1 25 | $44.0M | $64.8M | ||
| Q4 24 | $36.5M | $57.5M | ||
| Q3 24 | $28.5M | $44.2M | ||
| Q2 24 | $26.0M | $66.8M | ||
| Q1 24 | $19.0M | $49.0M |
| Q4 25 | $8.1M | — | ||
| Q3 25 | $8.1M | $5.7M | ||
| Q2 25 | $7.5M | $8.7M | ||
| Q1 25 | $6.5M | $10.0M | ||
| Q4 24 | $49.3M | — | ||
| Q3 24 | $2.7M | $-174.3M | ||
| Q2 24 | $-57.7M | $8.0M | ||
| Q1 24 | $10.8M | $7.3M |
| Q4 25 | — | 37.7% | ||
| Q3 25 | — | 31.9% | ||
| Q2 25 | — | 36.9% | ||
| Q1 25 | — | 39.0% | ||
| Q4 24 | — | 39.2% | ||
| Q3 24 | — | 27.5% | ||
| Q2 24 | — | 37.2% | ||
| Q1 24 | — | 36.0% |
| Q4 25 | 60.0% | 16.7% | ||
| Q3 25 | 60.8% | 13.2% | ||
| Q2 25 | 60.0% | 17.0% | ||
| Q1 25 | 57.0% | 20.9% | ||
| Q4 24 | 49.4% | 20.2% | ||
| Q3 24 | 11.2% | 2.8% | ||
| Q2 24 | -197.4% | 18.7% | ||
| Q1 24 | 71.1% | 14.2% |
| Q4 25 | 14.2% | — | ||
| Q3 25 | 15.9% | 8.2% | ||
| Q2 25 | 15.8% | 12.7% | ||
| Q1 25 | 14.7% | 15.4% | ||
| Q4 24 | 135.2% | — | ||
| Q3 24 | 9.3% | -394.3% | ||
| Q2 24 | -222.1% | 12.0% | ||
| Q1 24 | 56.7% | 14.9% |
| Q4 25 | $0.24 | $0.17 | ||
| Q3 25 | $0.26 | $0.07 | ||
| Q2 25 | $0.24 | $0.10 | ||
| Q1 25 | $0.20 | $0.11 | ||
| Q4 24 | — | $0.10 | ||
| Q3 24 | $-0.04 | $-1.99 | ||
| Q2 24 | — | $0.09 | ||
| Q1 24 | — | $0.08 |
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 | $5.1M |
| Total DebtLower is stronger | $570.7M | $16.9M |
| Stockholders' EquityBook value | $340.3M | $351.2M |
| Total Assets | $1.4B | $441.8M |
| Debt / EquityLower = less leverage | 1.68× | 0.05× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $30.7M | $5.1M | ||
| Q3 25 | $28.3M | $35.6M | ||
| Q2 25 | $20.3M | $26.0M | ||
| Q1 25 | $14.9M | $20.8M | ||
| Q4 24 | $37.0M | $17.8M | ||
| Q3 24 | $14.4M | $42.9M | ||
| Q2 24 | $24.6M | $35.1M | ||
| Q1 24 | — | $37.7M |
| Q4 25 | $570.7M | $16.9M | ||
| Q3 25 | $366.1M | $9.5M | ||
| Q2 25 | $370.9M | $9.3M | ||
| Q1 25 | $375.5M | $8.1M | ||
| Q4 24 | $385.5M | $7.7M | ||
| Q3 24 | $242.4M | $14.0M | ||
| Q2 24 | $360.8M | $58.0M | ||
| Q1 24 | — | $77.4M |
| Q4 25 | $340.3M | $351.2M | ||
| Q3 25 | $272.0M | $333.9M | ||
| Q2 25 | $266.4M | $328.8M | ||
| Q1 25 | $217.0M | $326.9M | ||
| Q4 24 | $211.8M | $326.5M | ||
| Q3 24 | $97.2M | $316.5M | ||
| Q2 24 | $296.4M | $426.6M | ||
| Q1 24 | $162.3M | $421.6M |
| Q4 25 | $1.4B | $441.8M | ||
| Q3 25 | $1.1B | $404.5M | ||
| Q2 25 | $1.1B | $393.7M | ||
| Q1 25 | $1.0B | $390.0M | ||
| Q4 24 | $1.0B | $393.7M | ||
| Q3 24 | $689.9M | $389.6M | ||
| Q2 24 | $710.5M | $624.8M | ||
| Q1 24 | — | $640.8M |
| Q4 25 | 1.68× | 0.05× | ||
| Q3 25 | 1.35× | 0.03× | ||
| Q2 25 | 1.39× | 0.03× | ||
| Q1 25 | 1.73× | 0.02× | ||
| Q4 24 | 1.82× | 0.02× | ||
| Q3 24 | 2.49× | 0.04× | ||
| Q2 24 | 1.22× | 0.14× | ||
| Q1 24 | — | 0.18× |
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 | $18.0M |
| Free Cash FlowOCF − Capex | $122.0M | $5.8M |
| FCF MarginFCF / Revenue | 214.9% | 7.6% |
| Capex IntensityCapex / Revenue | 7.5% | 16.3% |
| Cash ConversionOCF / Net Profit | 15.68× | — |
| TTM Free Cash FlowTrailing 4 quarters | $207.7M | $26.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $126.3M | $18.0M | ||
| Q3 25 | $34.9M | $24.7M | ||
| Q2 25 | $37.3M | $21.4M | ||
| Q1 25 | $15.9M | $8.8M | ||
| Q4 24 | $67.6M | $-4.1M | ||
| Q3 24 | $7.5M | $2.8M | ||
| Q2 24 | $16.0M | $27.6M | ||
| Q1 24 | $17.2M | $11.9M |
| Q4 25 | $122.0M | $5.8M | ||
| Q3 25 | $33.7M | $12.0M | ||
| Q2 25 | $36.1M | $9.7M | ||
| Q1 25 | $15.8M | $-1.2M | ||
| Q4 24 | $66.7M | $-17.7M | ||
| Q3 24 | $7.1M | $-6.7M | ||
| Q2 24 | $15.7M | $21.0M | ||
| Q1 24 | $17.1M | $-1.9M |
| Q4 25 | 214.9% | 7.6% | ||
| Q3 25 | 66.3% | 17.4% | ||
| Q2 25 | 75.9% | 14.3% | ||
| Q1 25 | 36.0% | -1.8% | ||
| Q4 24 | 182.6% | -30.8% | ||
| Q3 24 | 25.1% | -15.2% | ||
| Q2 24 | 60.4% | 31.4% | ||
| Q1 24 | 90.1% | -3.9% |
| Q4 25 | 7.5% | 16.3% | ||
| Q3 25 | 2.3% | 18.5% | ||
| Q2 25 | 2.6% | 17.1% | ||
| Q1 25 | 0.2% | 15.5% | ||
| Q4 24 | 2.7% | 23.6% | ||
| Q3 24 | 1.1% | 21.4% | ||
| Q2 24 | 1.4% | 9.9% | ||
| Q1 24 | 0.5% | 28.3% |
| Q4 25 | 15.68× | — | ||
| Q3 25 | 4.31× | 4.37× | ||
| Q2 25 | 4.98× | 2.47× | ||
| Q1 25 | 2.46× | 0.88× | ||
| Q4 24 | 1.37× | — | ||
| Q3 24 | 2.80× | — | ||
| Q2 24 | — | 3.43× | ||
| Q1 24 | 1.60× | 1.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LB
Segment breakdown not available.
NPKI
| Rental Revenue | $34.8M | 46% |
| Products | $25.5M | 34% |
| Services | $14.9M | 20% |
