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Side-by-side financial comparison of LandBridge Co LLC (LB) and Seaport Entertainment Group Inc. (SEG). Click either name above to swap in a different company.
LandBridge Co LLC is the larger business by last-quarter revenue ($56.8M vs $29.5M, roughly 1.9× Seaport Entertainment Group Inc.). LandBridge Co LLC runs the higher net margin — 14.2% vs -125.0%, a 139.2% gap on every dollar of revenue.
LB vs SEG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $56.8M | $29.5M |
| Net Profit | $8.1M | $-36.9M |
| Gross Margin | — | — |
| Operating Margin | 60.0% | -120.5% |
| Net Margin | 14.2% | -125.0% |
| Revenue YoY | 55.6% | — |
| Net Profit YoY | -83.7% | — |
| EPS (diluted) | $0.24 | $-2.90 |
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 | $29.5M | ||
| Q3 25 | $50.8M | $45.0M | ||
| Q2 25 | $47.5M | $39.8M | ||
| Q1 25 | $44.0M | $16.1M | ||
| Q4 24 | $36.5M | — | ||
| Q3 24 | $28.5M | $39.4M | ||
| Q2 24 | $26.0M | $33.7M | ||
| Q1 24 | $19.0M | — |
| Q4 25 | $8.1M | $-36.9M | ||
| Q3 25 | $8.1M | $-33.2M | ||
| Q2 25 | $7.5M | $-14.8M | ||
| Q1 25 | $6.5M | $-31.9M | ||
| Q4 24 | $49.3M | — | ||
| Q3 24 | $2.7M | $-32.5M | ||
| Q2 24 | $-57.7M | $-35.0M | ||
| Q1 24 | $10.8M | — |
| Q4 25 | 60.0% | -120.5% | ||
| Q3 25 | 60.8% | -75.2% | ||
| Q2 25 | 60.0% | -40.2% | ||
| Q1 25 | 57.0% | -203.5% | ||
| Q4 24 | 49.4% | — | ||
| Q3 24 | 11.2% | -51.0% | ||
| Q2 24 | -197.4% | -75.3% | ||
| Q1 24 | 71.1% | — |
| Q4 25 | 14.2% | -125.0% | ||
| Q3 25 | 15.9% | -73.7% | ||
| Q2 25 | 15.8% | -37.1% | ||
| Q1 25 | 14.7% | -198.4% | ||
| Q4 24 | 135.2% | — | ||
| Q3 24 | 9.3% | -82.5% | ||
| Q2 24 | -222.1% | -103.9% | ||
| Q1 24 | 56.7% | — |
| Q4 25 | $0.24 | $-2.90 | ||
| Q3 25 | $0.26 | $-2.61 | ||
| Q2 25 | $0.24 | $-1.16 | ||
| Q1 25 | $0.20 | $-2.51 | ||
| Q4 24 | — | — | ||
| Q3 24 | $-0.04 | $-5.89 | ||
| Q2 24 | — | $-6.34 | ||
| Q1 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 | $77.8M |
| Total DebtLower is stronger | $570.7M | $38.3M |
| Stockholders' EquityBook value | $340.3M | $456.5M |
| Total Assets | $1.4B | $650.1M |
| Debt / EquityLower = less leverage | 1.68× | 0.08× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $30.7M | $77.8M | ||
| Q3 25 | $28.3M | $106.2M | ||
| Q2 25 | $20.3M | $123.3M | ||
| Q1 25 | $14.9M | $129.9M | ||
| Q4 24 | $37.0M | — | ||
| Q3 24 | $14.4M | $23.7M | ||
| Q2 24 | $24.6M | $3.3M | ||
| Q1 24 | — | — |
| Q4 25 | $570.7M | $38.3M | ||
| Q3 25 | $366.1M | $39.3M | ||
| Q2 25 | $370.9M | $100.6M | ||
| Q1 25 | $375.5M | $101.6M | ||
| Q4 24 | $385.5M | — | ||
| Q3 24 | $242.4M | $103.3M | ||
| Q2 24 | $360.8M | $157.1M | ||
| Q1 24 | — | — |
| Q4 25 | $340.3M | $456.5M | ||
| Q3 25 | $272.0M | $485.8M | ||
| Q2 25 | $266.4M | $517.9M | ||
| Q1 25 | $217.0M | $531.2M | ||
| Q4 24 | $211.8M | — | ||
| Q3 24 | $97.2M | $433.8M | ||
| Q2 24 | $296.4M | $380.7M | ||
| Q1 24 | $162.3M | — |
| Q4 25 | $1.4B | $650.1M | ||
| Q3 25 | $1.1B | $699.1M | ||
| Q2 25 | $1.1B | $717.2M | ||
| Q1 25 | $1.0B | $718.4M | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $689.9M | $622.8M | ||
| Q2 24 | $710.5M | $610.1M | ||
| Q1 24 | — | — |
| Q4 25 | 1.68× | 0.08× | ||
| Q3 25 | 1.35× | 0.08× | ||
| Q2 25 | 1.39× | 0.19× | ||
| Q1 25 | 1.73× | 0.19× | ||
| Q4 24 | 1.82× | — | ||
| Q3 24 | 2.49× | 0.24× | ||
| Q2 24 | 1.22× | 0.41× | ||
| 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 | $-23.1M |
| Free Cash FlowOCF − Capex | $122.0M | — |
| FCF MarginFCF / Revenue | 214.9% | — |
| Capex IntensityCapex / Revenue | 7.5% | — |
| Cash ConversionOCF / Net Profit | 15.68× | — |
| TTM Free Cash FlowTrailing 4 quarters | $207.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $126.3M | $-23.1M | ||
| Q3 25 | $34.9M | $-5.3M | ||
| Q2 25 | $37.3M | $-754.0K | ||
| Q1 25 | $15.9M | $-20.5M | ||
| Q4 24 | $67.6M | — | ||
| Q3 24 | $7.5M | $-8.8M | ||
| Q2 24 | $16.0M | — | ||
| Q1 24 | $17.2M | — |
| Q4 25 | $122.0M | — | ||
| Q3 25 | $33.7M | — | ||
| Q2 25 | $36.1M | — | ||
| Q1 25 | $15.8M | — | ||
| Q4 24 | $66.7M | — | ||
| Q3 24 | $7.1M | — | ||
| Q2 24 | $15.7M | — | ||
| Q1 24 | $17.1M | — |
| Q4 25 | 214.9% | — | ||
| Q3 25 | 66.3% | — | ||
| Q2 25 | 75.9% | — | ||
| Q1 25 | 36.0% | — | ||
| Q4 24 | 182.6% | — | ||
| Q3 24 | 25.1% | — | ||
| Q2 24 | 60.4% | — | ||
| Q1 24 | 90.1% | — |
| Q4 25 | 7.5% | — | ||
| Q3 25 | 2.3% | — | ||
| Q2 25 | 2.6% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 1.1% | — | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | 0.5% | — |
| Q4 25 | 15.68× | — | ||
| Q3 25 | 4.31× | — | ||
| Q2 25 | 4.98× | — | ||
| Q1 25 | 2.46× | — | ||
| Q4 24 | 1.37× | — | ||
| Q3 24 | 2.80× | — | ||
| 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.
SEG
| Sponsorships Events And Entertainment | $12.5M | 43% |
| Hospitality | $12.2M | 41% |
| Rental | $4.1M | 14% |
| Other | $631.0K | 2% |
