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Side-by-side financial comparison of LandBridge Co LLC (LB) and OneSpan Inc. (OSPN). Click either name above to swap in a different company.
OneSpan Inc. is the larger business by last-quarter revenue ($65.9M vs $56.8M, roughly 1.2× LandBridge Co LLC). OneSpan Inc. runs the higher net margin — 17.5% vs 14.2%, a 3.3% gap on every dollar of revenue. On growth, LandBridge Co LLC posted the faster year-over-year revenue change (55.6% vs 4.1%). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (72.8% CAGR vs 4.0%).
OneSpan Inc. is an information security company based in Boston, Massachusetts. Services include an internet fraud prevention platform, multi-factor authentication tools and electronic signature software.
LB vs OSPN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $56.8M | $65.9M |
| Net Profit | $8.1M | $11.6M |
| Gross Margin | — | 73.6% |
| Operating Margin | 60.0% | 22.5% |
| Net Margin | 14.2% | 17.5% |
| Revenue YoY | 55.6% | 4.1% |
| Net Profit YoY | -83.7% | — |
| EPS (diluted) | $0.24 | $0.39 |
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.
| Q1 26 | — | $65.9M | ||
| Q4 25 | $56.8M | $62.9M | ||
| Q3 25 | $50.8M | $57.1M | ||
| Q2 25 | $47.5M | $59.8M | ||
| Q1 25 | $44.0M | $63.4M | ||
| Q4 24 | $36.5M | $61.2M | ||
| Q3 24 | $28.5M | $56.2M | ||
| Q2 24 | $26.0M | $60.9M |
| Q1 26 | — | $11.6M | ||
| Q4 25 | $8.1M | $43.5M | ||
| Q3 25 | $8.1M | $6.5M | ||
| Q2 25 | $7.5M | $8.3M | ||
| Q1 25 | $6.5M | $14.5M | ||
| Q4 24 | $49.3M | $28.8M | ||
| Q3 24 | $2.7M | $8.3M | ||
| Q2 24 | $-57.7M | $6.6M |
| Q1 26 | — | 73.6% | ||
| Q4 25 | — | 73.6% | ||
| Q3 25 | — | 73.6% | ||
| Q2 25 | — | 73.5% | ||
| Q1 25 | — | 74.3% | ||
| Q4 24 | — | 74.0% | ||
| Q3 24 | — | 73.9% | ||
| Q2 24 | — | 66.2% |
| Q1 26 | — | 22.5% | ||
| Q4 25 | 60.0% | 19.9% | ||
| Q3 25 | 60.8% | 14.4% | ||
| Q2 25 | 60.0% | 17.6% | ||
| Q1 25 | 57.0% | 27.1% | ||
| Q4 24 | 49.4% | 19.3% | ||
| Q3 24 | 11.2% | 20.0% | ||
| Q2 24 | -197.4% | 12.5% |
| Q1 26 | — | 17.5% | ||
| Q4 25 | 14.2% | 69.2% | ||
| Q3 25 | 15.9% | 11.4% | ||
| Q2 25 | 15.8% | 13.9% | ||
| Q1 25 | 14.7% | 22.9% | ||
| Q4 24 | 135.2% | 47.1% | ||
| Q3 24 | 9.3% | 14.7% | ||
| Q2 24 | -222.1% | 10.8% |
| Q1 26 | — | $0.39 | ||
| Q4 25 | $0.24 | $1.13 | ||
| Q3 25 | $0.26 | $0.17 | ||
| Q2 25 | $0.24 | $0.21 | ||
| Q1 25 | $0.20 | $0.37 | ||
| Q4 24 | — | $0.73 | ||
| Q3 24 | $-0.04 | $0.21 | ||
| Q2 24 | — | $0.17 |
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 | $49.8M |
| Total DebtLower is stronger | $570.7M | — |
| Stockholders' EquityBook value | $340.3M | $272.0M |
| Total Assets | $1.4B | $383.1M |
| Debt / EquityLower = less leverage | 1.68× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $49.8M | ||
| Q4 25 | $30.7M | $70.5M | ||
| Q3 25 | $28.3M | $85.6M | ||
| Q2 25 | $20.3M | $92.9M | ||
| Q1 25 | $14.9M | $105.2M | ||
| Q4 24 | $37.0M | $83.2M | ||
| Q3 24 | $14.4M | $77.5M | ||
| Q2 24 | $24.6M | $63.8M |
| Q1 26 | — | — | ||
| 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 26 | — | $272.0M | ||
| Q4 25 | $340.3M | $271.8M | ||
| Q3 25 | $272.0M | $238.3M | ||
| Q2 25 | $266.4M | $242.5M | ||
| Q1 25 | $217.0M | $231.1M | ||
| Q4 24 | $211.8M | $212.5M | ||
| Q3 24 | $97.2M | $194.6M | ||
| Q2 24 | $296.4M | $178.6M |
| Q1 26 | — | $383.1M | ||
| Q4 25 | $1.4B | $397.7M | ||
| Q3 25 | $1.1B | $343.5M | ||
| Q2 25 | $1.1B | $357.1M | ||
| Q1 25 | $1.0B | $333.8M | ||
| Q4 24 | $1.0B | $338.7M | ||
| Q3 24 | $689.9M | $289.3M | ||
| Q2 24 | $710.5M | $286.9M |
| Q1 26 | — | — | ||
| 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× | — |
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 | $28.2M |
| Free Cash FlowOCF − Capex | $122.0M | — |
| FCF MarginFCF / Revenue | 214.9% | — |
| Capex IntensityCapex / Revenue | 7.5% | — |
| Cash ConversionOCF / Net Profit | 15.68× | 2.44× |
| TTM Free Cash FlowTrailing 4 quarters | $207.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $28.2M | ||
| Q4 25 | $126.3M | $12.6M | ||
| Q3 25 | $34.9M | $11.3M | ||
| Q2 25 | $37.3M | $6.2M | ||
| Q1 25 | $15.9M | $29.4M | ||
| Q4 24 | $67.6M | $12.4M | ||
| Q3 24 | $7.5M | $14.0M | ||
| Q2 24 | $16.0M | $2.3M |
| Q1 26 | — | — | ||
| Q4 25 | $122.0M | $9.6M | ||
| Q3 25 | $33.7M | $8.8M | ||
| Q2 25 | $36.1M | $4.4M | ||
| Q1 25 | $15.8M | $27.7M | ||
| Q4 24 | $66.7M | $10.5M | ||
| Q3 24 | $7.1M | $12.0M | ||
| Q2 24 | $15.7M | $26.0K |
| Q1 26 | — | — | ||
| Q4 25 | 214.9% | 15.3% | ||
| Q3 25 | 66.3% | 15.4% | ||
| Q2 25 | 75.9% | 7.3% | ||
| Q1 25 | 36.0% | 43.8% | ||
| Q4 24 | 182.6% | 17.1% | ||
| Q3 24 | 25.1% | 21.4% | ||
| Q2 24 | 60.4% | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | 7.5% | 4.7% | ||
| Q3 25 | 2.3% | 4.4% | ||
| Q2 25 | 2.6% | 3.1% | ||
| Q1 25 | 0.2% | 2.6% | ||
| Q4 24 | 2.7% | 3.2% | ||
| Q3 24 | 1.1% | 3.5% | ||
| Q2 24 | 1.4% | 3.7% |
| Q1 26 | — | 2.44× | ||
| Q4 25 | 15.68× | 0.29× | ||
| Q3 25 | 4.31× | 1.74× | ||
| Q2 25 | 4.98× | 0.75× | ||
| Q1 25 | 2.46× | 2.02× | ||
| Q4 24 | 1.37× | 0.43× | ||
| Q3 24 | 2.80× | 1.69× | ||
| Q2 24 | — | 0.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LB
Segment breakdown not available.
OSPN
| Product and license | $35.5M | 54% |
| Services and other | $30.4M | 46% |
