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Side-by-side financial comparison of LandBridge Co LLC (LB) and PETMED EXPRESS INC (PETS). Click either name above to swap in a different company.
LandBridge Co LLC is the larger business by last-quarter revenue ($56.8M vs $40.7M, roughly 1.4× PETMED EXPRESS INC). LandBridge Co LLC runs the higher net margin — 14.2% vs -26.0%, a 40.1% gap on every dollar of revenue. On growth, LandBridge Co LLC posted the faster year-over-year revenue change (55.6% vs -23.3%). LandBridge Co LLC produced more free cash flow last quarter ($122.0M vs $-9.2M). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (72.8% CAGR vs -20.9%).
PetMed Express, Inc., also known as PetMeds, is an online pet pharmacy based in the United States. It is publicly traded and sells prescription and non-prescription pet medication.
LB vs PETS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $56.8M | $40.7M |
| Net Profit | $8.1M | $-10.6M |
| Gross Margin | — | 23.3% |
| Operating Margin | 60.0% | -25.7% |
| Net Margin | 14.2% | -26.0% |
| Revenue YoY | 55.6% | -23.3% |
| Net Profit YoY | -83.7% | -1392.6% |
| EPS (diluted) | $0.24 | $-0.50 |
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 | $40.7M | ||
| Q3 25 | $50.8M | $44.4M | ||
| Q2 25 | $47.5M | $51.2M | ||
| Q1 25 | $44.0M | $50.8M | ||
| Q4 24 | $36.5M | $52.0M | ||
| Q3 24 | $28.5M | $58.0M | ||
| Q2 24 | $26.0M | $66.2M | ||
| Q1 24 | $19.0M | $65.1M |
| Q4 25 | $8.1M | $-10.6M | ||
| Q3 25 | $8.1M | $-8.5M | ||
| Q2 25 | $7.5M | $-34.2M | ||
| Q1 25 | $6.5M | $-11.6M | ||
| Q4 24 | $49.3M | $-707.0K | ||
| Q3 24 | $2.7M | $2.3M | ||
| Q2 24 | $-57.7M | $3.8M | ||
| Q1 24 | $10.8M | $-5.0M |
| Q4 25 | — | 23.3% | ||
| Q3 25 | — | 28.0% | ||
| Q2 25 | — | 28.1% | ||
| Q1 25 | — | 29.9% | ||
| Q4 24 | — | 31.0% | ||
| Q3 24 | — | 32.3% | ||
| Q2 24 | — | 28.8% | ||
| Q1 24 | — | 29.3% |
| Q4 25 | 60.0% | -25.7% | ||
| Q3 25 | 60.8% | -18.9% | ||
| Q2 25 | 60.0% | -66.7% | ||
| Q1 25 | 57.0% | -11.9% | ||
| Q4 24 | 49.4% | -0.9% | ||
| Q3 24 | 11.2% | 1.0% | ||
| Q2 24 | -197.4% | 6.6% | ||
| Q1 24 | 71.1% | -5.9% |
| Q4 25 | 14.2% | -26.0% | ||
| Q3 25 | 15.9% | -19.2% | ||
| Q2 25 | 15.8% | -66.7% | ||
| Q1 25 | 14.7% | -22.9% | ||
| Q4 24 | 135.2% | -1.4% | ||
| Q3 24 | 9.3% | 4.0% | ||
| Q2 24 | -222.1% | 5.7% | ||
| Q1 24 | 56.7% | -7.7% |
| Q4 25 | $0.24 | $-0.50 | ||
| Q3 25 | $0.26 | $-0.41 | ||
| Q2 25 | $0.24 | $-1.65 | ||
| Q1 25 | $0.20 | $-0.56 | ||
| Q4 24 | — | $-0.03 | ||
| Q3 24 | $-0.04 | $0.11 | ||
| Q2 24 | — | $0.18 | ||
| Q1 24 | — | $-0.24 |
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 | $26.9M |
| Total DebtLower is stronger | $570.7M | — |
| Stockholders' EquityBook value | $340.3M | $32.8M |
| Total Assets | $1.4B | $88.0M |
| Debt / EquityLower = less leverage | 1.68× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $30.7M | $26.9M | ||
| Q3 25 | $28.3M | $36.1M | ||
| Q2 25 | $20.3M | $41.1M | ||
| Q1 25 | $14.9M | $54.7M | ||
| Q4 24 | $37.0M | $50.1M | ||
| Q3 24 | $14.4M | $52.0M | ||
| Q2 24 | $24.6M | $46.0M | ||
| Q1 24 | — | $55.3M |
| 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 | $32.8M | ||
| Q3 25 | $272.0M | $43.1M | ||
| Q2 25 | $266.4M | $51.5M | ||
| Q1 25 | $217.0M | $85.1M | ||
| Q4 24 | $211.8M | $96.2M | ||
| Q3 24 | $97.2M | $96.4M | ||
| Q2 24 | $296.4M | $93.5M | ||
| Q1 24 | $162.3M | $96.7M |
| Q4 25 | $1.4B | $88.0M | ||
| Q3 25 | $1.1B | $100.3M | ||
| Q2 25 | $1.1B | $109.8M | ||
| Q1 25 | $1.0B | $148.7M | ||
| Q4 24 | $1.0B | $144.8M | ||
| Q3 24 | $689.9M | $146.0M | ||
| Q2 24 | $710.5M | $152.7M | ||
| Q1 24 | — | $169.9M |
| 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 | $-9.2M |
| Free Cash FlowOCF − Capex | $122.0M | $-9.2M |
| FCF MarginFCF / Revenue | 214.9% | -22.7% |
| Capex IntensityCapex / Revenue | 7.5% | 0.1% |
| Cash ConversionOCF / Net Profit | 15.68× | — |
| TTM Free Cash FlowTrailing 4 quarters | $207.7M | $-23.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $126.3M | $-9.2M | ||
| Q3 25 | $34.9M | $-2.2M | ||
| Q2 25 | $37.3M | $-12.3M | ||
| Q1 25 | $15.9M | $7.0M | ||
| Q4 24 | $67.6M | $-1.2M | ||
| Q3 24 | $7.5M | $7.4M | ||
| Q2 24 | $16.0M | $-8.5M | ||
| Q1 24 | $17.2M | $7.1M |
| Q4 25 | $122.0M | $-9.2M | ||
| Q3 25 | $33.7M | $-4.8M | ||
| Q2 25 | $36.1M | $-13.6M | ||
| Q1 25 | $15.8M | $4.6M | ||
| Q4 24 | $66.7M | $-1.9M | ||
| Q3 24 | $7.1M | $6.1M | ||
| Q2 24 | $15.7M | $-9.2M | ||
| Q1 24 | $17.1M | $5.9M |
| Q4 25 | 214.9% | -22.7% | ||
| Q3 25 | 66.3% | -10.8% | ||
| Q2 25 | 75.9% | -26.5% | ||
| Q1 25 | 36.0% | 9.1% | ||
| Q4 24 | 182.6% | -3.7% | ||
| Q3 24 | 25.1% | 10.6% | ||
| Q2 24 | 60.4% | -13.9% | ||
| Q1 24 | 90.1% | 9.0% |
| Q4 25 | 7.5% | 0.1% | ||
| Q3 25 | 2.3% | 5.9% | ||
| Q2 25 | 2.6% | 2.5% | ||
| Q1 25 | 0.2% | 4.7% | ||
| Q4 24 | 2.7% | 1.5% | ||
| Q3 24 | 1.1% | 2.2% | ||
| Q2 24 | 1.4% | 1.0% | ||
| Q1 24 | 0.5% | 1.9% |
| Q4 25 | 15.68× | — | ||
| Q3 25 | 4.31× | — | ||
| Q2 25 | 4.98× | — | ||
| Q1 25 | 2.46× | — | ||
| Q4 24 | 1.37× | — | ||
| Q3 24 | 2.80× | 3.18× | ||
| Q2 24 | — | -2.27× | ||
| Q1 24 | 1.60× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LB
Segment breakdown not available.
PETS
| Reorder | $34.0M | 84% |
| New Order | $5.0M | 12% |
| Membership Fees | $1.6M | 4% |
