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Side-by-side financial comparison of LandBridge Co LLC (LB) and Repay Holdings Corp (RPAY). Click either name above to swap in a different company.
Repay Holdings Corp is the larger business by last-quarter revenue ($78.6M vs $56.8M, roughly 1.4× LandBridge Co LLC). LandBridge Co LLC runs the higher net margin — 14.2% vs -178.3%, a 192.5% gap on every dollar of revenue. On growth, LandBridge Co LLC posted the faster year-over-year revenue change (55.6% vs 0.4%). LandBridge Co LLC produced more free cash flow last quarter ($122.0M vs $23.2M). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (72.8% CAGR vs -1.3%).
Repay Holdings Corp is a leading payment technology provider delivering integrated end-to-end payment processing solutions for businesses across North America. Its offerings include credit/debit card processing, ACH transfer services, POS system integrations and digital payment tools, serving retail, healthcare, automotive and e-commerce segments to help clients streamline transaction workflows and boost operational efficiency.
LB vs RPAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $56.8M | $78.6M |
| Net Profit | $8.1M | $-140.1M |
| Gross Margin | — | 74.2% |
| Operating Margin | 60.0% | -182.2% |
| Net Margin | 14.2% | -178.3% |
| Revenue YoY | 55.6% | 0.4% |
| Net Profit YoY | -83.7% | -3304.1% |
| EPS (diluted) | $0.24 | $-1.68 |
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 | $78.6M | ||
| Q3 25 | $50.8M | $77.7M | ||
| Q2 25 | $47.5M | $75.6M | ||
| Q1 25 | $44.0M | $77.3M | ||
| Q4 24 | $36.5M | $78.3M | ||
| Q3 24 | $28.5M | $79.1M | ||
| Q2 24 | $26.0M | $74.9M | ||
| Q1 24 | $19.0M | $80.7M |
| Q4 25 | $8.1M | $-140.1M | ||
| Q3 25 | $8.1M | $-6.4M | ||
| Q2 25 | $7.5M | $-102.3M | ||
| Q1 25 | $6.5M | $-7.9M | ||
| Q4 24 | $49.3M | $-4.1M | ||
| Q3 24 | $2.7M | $3.2M | ||
| Q2 24 | $-57.7M | $-4.1M | ||
| Q1 24 | $10.8M | $-5.2M |
| Q4 25 | — | 74.2% | ||
| Q3 25 | — | 74.4% | ||
| Q2 25 | — | 75.7% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.3% | ||
| Q3 24 | — | 77.8% | ||
| Q2 24 | — | 78.2% | ||
| Q1 24 | — | 76.2% |
| Q4 25 | 60.0% | -182.2% | ||
| Q3 25 | 60.8% | -3.9% | ||
| Q2 25 | 60.0% | -138.7% | ||
| Q1 25 | 57.0% | -4.7% | ||
| Q4 24 | 49.4% | -1.5% | ||
| Q3 24 | 11.2% | -0.9% | ||
| Q2 24 | -197.4% | -4.6% | ||
| Q1 24 | 71.1% | -3.1% |
| Q4 25 | 14.2% | -178.3% | ||
| Q3 25 | 15.9% | -8.3% | ||
| Q2 25 | 15.8% | -135.2% | ||
| Q1 25 | 14.7% | -10.3% | ||
| Q4 24 | 135.2% | -5.3% | ||
| Q3 24 | 9.3% | 4.1% | ||
| Q2 24 | -222.1% | -5.4% | ||
| Q1 24 | 56.7% | -6.5% |
| Q4 25 | $0.24 | $-1.68 | ||
| Q3 25 | $0.26 | $-0.08 | ||
| Q2 25 | $0.24 | $-1.15 | ||
| Q1 25 | $0.20 | $-0.09 | ||
| Q4 24 | — | $-0.04 | ||
| Q3 24 | $-0.04 | $0.03 | ||
| Q2 24 | — | $-0.04 | ||
| Q1 24 | — | $-0.06 |
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 | $115.7M |
| Total DebtLower is stronger | $570.7M | $280.1M |
| Stockholders' EquityBook value | $340.3M | $484.4M |
| Total Assets | $1.4B | $1.2B |
| Debt / EquityLower = less leverage | 1.68× | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $30.7M | $115.7M | ||
| Q3 25 | $28.3M | $95.7M | ||
| Q2 25 | $20.3M | $162.6M | ||
| Q1 25 | $14.9M | $165.5M | ||
| Q4 24 | $37.0M | $189.5M | ||
| Q3 24 | $14.4M | $168.7M | ||
| Q2 24 | $24.6M | $147.1M | ||
| Q1 24 | — | $128.3M |
| Q4 25 | $570.7M | $280.1M | ||
| Q3 25 | $366.1M | $279.5M | ||
| Q2 25 | $370.9M | $279.0M | ||
| Q1 25 | $375.5M | $497.6M | ||
| Q4 24 | $385.5M | $496.8M | ||
| Q3 24 | $242.4M | $496.2M | ||
| Q2 24 | $360.8M | $435.6M | ||
| Q1 24 | — | $434.9M |
| Q4 25 | $340.3M | $484.4M | ||
| Q3 25 | $272.0M | $616.9M | ||
| Q2 25 | $266.4M | $633.7M | ||
| Q1 25 | $217.0M | $755.7M | ||
| Q4 24 | $211.8M | $761.3M | ||
| Q3 24 | $97.2M | $754.7M | ||
| Q2 24 | $296.4M | $815.4M | ||
| Q1 24 | $162.3M | $813.8M |
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | $1.0B | $1.5B | ||
| Q4 24 | $1.0B | $1.6B | ||
| Q3 24 | $689.9M | $1.6B | ||
| Q2 24 | $710.5M | $1.5B | ||
| Q1 24 | — | $1.5B |
| Q4 25 | 1.68× | 0.58× | ||
| Q3 25 | 1.35× | 0.45× | ||
| Q2 25 | 1.39× | 0.44× | ||
| Q1 25 | 1.73× | 0.66× | ||
| Q4 24 | 1.82× | 0.65× | ||
| Q3 24 | 2.49× | 0.66× | ||
| Q2 24 | 1.22× | 0.53× | ||
| Q1 24 | — | 0.53× |
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 | $23.3M |
| Free Cash FlowOCF − Capex | $122.0M | $23.2M |
| FCF MarginFCF / Revenue | 214.9% | 29.6% |
| Capex IntensityCapex / Revenue | 7.5% | 0.1% |
| Cash ConversionOCF / Net Profit | 15.68× | — |
| TTM Free Cash FlowTrailing 4 quarters | $207.7M | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $126.3M | $23.3M | ||
| Q3 25 | $34.9M | $32.2M | ||
| Q2 25 | $37.3M | $33.1M | ||
| Q1 25 | $15.9M | $2.5M | ||
| Q4 24 | $67.6M | $34.3M | ||
| Q3 24 | $7.5M | $60.1M | ||
| Q2 24 | $16.0M | $31.0M | ||
| Q1 24 | $17.2M | $24.8M |
| Q4 25 | $122.0M | $23.2M | ||
| Q3 25 | $33.7M | $32.1M | ||
| Q2 25 | $36.1M | $33.0M | ||
| Q1 25 | $15.8M | $2.4M | ||
| Q4 24 | $66.7M | $34.0M | ||
| Q3 24 | $7.1M | $59.8M | ||
| Q2 24 | $15.7M | $30.5M | ||
| Q1 24 | $17.1M | $24.7M |
| Q4 25 | 214.9% | 29.6% | ||
| Q3 25 | 66.3% | 41.3% | ||
| Q2 25 | 75.9% | 43.6% | ||
| Q1 25 | 36.0% | 3.0% | ||
| Q4 24 | 182.6% | 43.5% | ||
| Q3 24 | 25.1% | 75.6% | ||
| Q2 24 | 60.4% | 40.7% | ||
| Q1 24 | 90.1% | 30.6% |
| Q4 25 | 7.5% | 0.1% | ||
| Q3 25 | 2.3% | 0.2% | ||
| Q2 25 | 2.6% | 0.1% | ||
| Q1 25 | 0.2% | 0.2% | ||
| Q4 24 | 2.7% | 0.3% | ||
| Q3 24 | 1.1% | 0.3% | ||
| Q2 24 | 1.4% | 0.6% | ||
| Q1 24 | 0.5% | 0.1% |
| Q4 25 | 15.68× | — | ||
| Q3 25 | 4.31× | — | ||
| Q2 25 | 4.98× | — | ||
| Q1 25 | 2.46× | — | ||
| Q4 24 | 1.37× | — | ||
| Q3 24 | 2.80× | 18.52× | ||
| Q2 24 | — | — | ||
| 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.
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
