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Side-by-side financial comparison of LandBridge Co LLC (LB) and SANDRIDGE ENERGY INC (SD). Click either name above to swap in a different company.
LandBridge Co LLC is the larger business by last-quarter revenue ($56.8M vs $39.4M, roughly 1.4× SANDRIDGE ENERGY INC). SANDRIDGE ENERGY INC runs the higher net margin — 54.9% vs 14.2%, a 40.7% gap on every dollar of revenue. On growth, LandBridge Co LLC posted the faster year-over-year revenue change (55.6% vs 1.1%). LandBridge Co LLC produced more free cash flow last quarter ($122.0M vs $14.4M). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (72.8% CAGR vs 14.1%).
SandRidge Energy, Inc. is a company engaged in hydrocarbon exploration in the Mid-Continent region of the United States. It is organized in Delaware and headquartered in Oklahoma City, Oklahoma.
LB vs SD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $56.8M | $39.4M |
| Net Profit | $8.1M | $21.6M |
| Gross Margin | — | — |
| Operating Margin | 60.0% | 38.5% |
| Net Margin | 14.2% | 54.9% |
| Revenue YoY | 55.6% | 1.1% |
| Net Profit YoY | -83.7% | 23.1% |
| EPS (diluted) | $0.24 | $0.59 |
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 | $39.4M | ||
| Q3 25 | $50.8M | $39.8M | ||
| Q2 25 | $47.5M | $34.5M | ||
| Q1 25 | $44.0M | $42.6M | ||
| Q4 24 | $36.5M | $39.0M | ||
| Q3 24 | $28.5M | $30.1M | ||
| Q2 24 | $26.0M | $26.0M | ||
| Q1 24 | $19.0M | $30.3M |
| Q4 25 | $8.1M | $21.6M | ||
| Q3 25 | $8.1M | $16.0M | ||
| Q2 25 | $7.5M | $19.6M | ||
| Q1 25 | $6.5M | $13.0M | ||
| Q4 24 | $49.3M | $17.6M | ||
| Q3 24 | $2.7M | $25.5M | ||
| Q2 24 | $-57.7M | $8.8M | ||
| Q1 24 | $10.8M | $11.1M |
| Q4 25 | 60.0% | 38.5% | ||
| Q3 25 | 60.8% | 37.8% | ||
| Q2 25 | 60.0% | 53.7% | ||
| Q1 25 | 57.0% | 28.6% | ||
| Q4 24 | 49.4% | 25.9% | ||
| Q3 24 | 11.2% | 28.3% | ||
| Q2 24 | -197.4% | 23.9% | ||
| Q1 24 | 71.1% | 27.8% |
| Q4 25 | 14.2% | 54.9% | ||
| Q3 25 | 15.9% | 40.1% | ||
| Q2 25 | 15.8% | 56.6% | ||
| Q1 25 | 14.7% | 30.6% | ||
| Q4 24 | 135.2% | 45.1% | ||
| Q3 24 | 9.3% | 84.8% | ||
| Q2 24 | -222.1% | 33.9% | ||
| Q1 24 | 56.7% | 36.7% |
| Q4 25 | $0.24 | $0.59 | ||
| Q3 25 | $0.26 | $0.43 | ||
| Q2 25 | $0.24 | $0.53 | ||
| Q1 25 | $0.20 | $0.35 | ||
| Q4 24 | — | $0.46 | ||
| Q3 24 | $-0.04 | $0.69 | ||
| Q2 24 | — | $0.24 | ||
| Q1 24 | — | $0.30 |
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 | $111.0M |
| Total DebtLower is stronger | $570.7M | — |
| Stockholders' EquityBook value | $340.3M | $510.9M |
| Total Assets | $1.4B | $644.0M |
| Debt / EquityLower = less leverage | 1.68× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $30.7M | $111.0M | ||
| Q3 25 | $28.3M | $101.2M | ||
| Q2 25 | $20.3M | $102.8M | ||
| Q1 25 | $14.9M | $99.7M | ||
| Q4 24 | $37.0M | $98.1M | ||
| Q3 24 | $14.4M | $92.7M | ||
| Q2 24 | $24.6M | $209.9M | ||
| Q1 24 | — | $207.0M |
| 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 | $510.9M | ||
| Q3 25 | $272.0M | $492.4M | ||
| Q2 25 | $266.4M | $480.2M | ||
| Q1 25 | $217.0M | $464.9M | ||
| Q4 24 | $211.8M | $460.5M | ||
| Q3 24 | $97.2M | $446.8M | ||
| Q2 24 | $296.4M | $424.8M | ||
| Q1 24 | $162.3M | $419.7M |
| Q4 25 | $1.4B | $644.0M | ||
| Q3 25 | $1.1B | $619.0M | ||
| Q2 25 | $1.1B | $602.3M | ||
| Q1 25 | $1.0B | $588.3M | ||
| Q4 24 | $1.0B | $581.5M | ||
| Q3 24 | $689.9M | $565.2M | ||
| Q2 24 | $710.5M | $529.6M | ||
| Q1 24 | — | $527.4M |
| 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 | $31.7M |
| Free Cash FlowOCF − Capex | $122.0M | $14.4M |
| FCF MarginFCF / Revenue | 214.9% | 36.6% |
| Capex IntensityCapex / Revenue | 7.5% | 43.8% |
| Cash ConversionOCF / Net Profit | 15.68× | 1.46× |
| TTM Free Cash FlowTrailing 4 quarters | $207.7M | $41.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $126.3M | $31.7M | ||
| Q3 25 | $34.9M | $25.3M | ||
| Q2 25 | $37.3M | $22.9M | ||
| Q1 25 | $15.9M | $20.3M | ||
| Q4 24 | $67.6M | $26.0M | ||
| Q3 24 | $7.5M | $20.8M | ||
| Q2 24 | $16.0M | $11.4M | ||
| Q1 24 | $17.2M | $15.7M |
| Q4 25 | $122.0M | $14.4M | ||
| Q3 25 | $33.7M | $5.9M | ||
| Q2 25 | $36.1M | $7.3M | ||
| Q1 25 | $15.8M | $13.9M | ||
| Q4 24 | $66.7M | $13.2M | ||
| Q3 24 | $7.1M | $10.8M | ||
| Q2 24 | $15.7M | $9.0M | ||
| Q1 24 | $17.1M | $14.6M |
| Q4 25 | 214.9% | 36.6% | ||
| Q3 25 | 66.3% | 14.9% | ||
| Q2 25 | 75.9% | 21.0% | ||
| Q1 25 | 36.0% | 32.7% | ||
| Q4 24 | 182.6% | 33.8% | ||
| Q3 24 | 25.1% | 36.1% | ||
| Q2 24 | 60.4% | 34.5% | ||
| Q1 24 | 90.1% | 48.1% |
| Q4 25 | 7.5% | 43.8% | ||
| Q3 25 | 2.3% | 48.6% | ||
| Q2 25 | 2.6% | 45.2% | ||
| Q1 25 | 0.2% | 15.0% | ||
| Q4 24 | 2.7% | 32.9% | ||
| Q3 24 | 1.1% | 33.3% | ||
| Q2 24 | 1.4% | 9.4% | ||
| Q1 24 | 0.5% | 3.7% |
| Q4 25 | 15.68× | 1.46× | ||
| Q3 25 | 4.31× | 1.58× | ||
| Q2 25 | 4.98× | 1.17× | ||
| Q1 25 | 2.46× | 1.56× | ||
| Q4 24 | 1.37× | 1.48× | ||
| Q3 24 | 2.80× | 0.82× | ||
| Q2 24 | — | 1.30× | ||
| Q1 24 | 1.60× | 1.41× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LB
Segment breakdown not available.
SD
| Oil Reserves | $19.0M | 48% |
| Natural Gas Reserves | $11.6M | 30% |
| Natural Gas Liquids Reserves | $8.7M | 22% |
