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Side-by-side financial comparison of LandBridge Co LLC (LB) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
LandBridge Co LLC is the larger business by last-quarter revenue ($56.8M vs $36.5M, roughly 1.6× SmartRent, Inc.). LandBridge Co LLC runs the higher net margin — 14.2% vs -8.9%, a 23.1% gap on every dollar of revenue. On growth, LandBridge Co LLC posted the faster year-over-year revenue change (55.6% vs 3.1%). LandBridge Co LLC produced more free cash flow last quarter ($122.0M vs $7.7M). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (72.8% CAGR vs -15.0%).
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
LB vs SMRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $56.8M | $36.5M |
| Net Profit | $8.1M | $-3.2M |
| Gross Margin | — | 38.6% |
| Operating Margin | 60.0% | -10.9% |
| Net Margin | 14.2% | -8.9% |
| Revenue YoY | 55.6% | 3.1% |
| Net Profit YoY | -83.7% | 71.6% |
| EPS (diluted) | $0.24 | $-0.02 |
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 | $36.5M | ||
| Q3 25 | $50.8M | $36.2M | ||
| Q2 25 | $47.5M | $38.3M | ||
| Q1 25 | $44.0M | $41.3M | ||
| Q4 24 | $36.5M | $35.4M | ||
| Q3 24 | $28.5M | $40.5M | ||
| Q2 24 | $26.0M | $48.5M | ||
| Q1 24 | $19.0M | $50.5M |
| Q4 25 | $8.1M | $-3.2M | ||
| Q3 25 | $8.1M | $-6.3M | ||
| Q2 25 | $7.5M | $-10.9M | ||
| Q1 25 | $6.5M | $-40.2M | ||
| Q4 24 | $49.3M | $-11.4M | ||
| Q3 24 | $2.7M | $-9.9M | ||
| Q2 24 | $-57.7M | $-4.6M | ||
| Q1 24 | $10.8M | $-7.7M |
| Q4 25 | — | 38.6% | ||
| Q3 25 | — | 26.4% | ||
| Q2 25 | — | 33.1% | ||
| Q1 25 | — | 32.8% | ||
| Q4 24 | — | 28.7% | ||
| Q3 24 | — | 33.2% | ||
| Q2 24 | — | 35.7% | ||
| Q1 24 | — | 38.5% |
| Q4 25 | 60.0% | -10.9% | ||
| Q3 25 | 60.8% | -19.4% | ||
| Q2 25 | 60.0% | -30.5% | ||
| Q1 25 | 57.0% | -99.9% | ||
| Q4 24 | 49.4% | -36.6% | ||
| Q3 24 | 11.2% | -29.0% | ||
| Q2 24 | -197.4% | -14.3% | ||
| Q1 24 | 71.1% | -20.1% |
| Q4 25 | 14.2% | -8.9% | ||
| Q3 25 | 15.9% | -17.3% | ||
| Q2 25 | 15.8% | -28.3% | ||
| Q1 25 | 14.7% | -97.2% | ||
| Q4 24 | 135.2% | -32.3% | ||
| Q3 24 | 9.3% | -24.5% | ||
| Q2 24 | -222.1% | -9.5% | ||
| Q1 24 | 56.7% | -15.2% |
| Q4 25 | $0.24 | $-0.02 | ||
| Q3 25 | $0.26 | $-0.03 | ||
| Q2 25 | $0.24 | $-0.06 | ||
| Q1 25 | $0.20 | $-0.21 | ||
| Q4 24 | — | $-0.06 | ||
| Q3 24 | $-0.04 | $-0.05 | ||
| Q2 24 | — | $-0.02 | ||
| Q1 24 | — | $-0.04 |
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 | $104.5M |
| Total DebtLower is stronger | $570.7M | — |
| Stockholders' EquityBook value | $340.3M | $232.1M |
| Total Assets | $1.4B | $320.9M |
| Debt / EquityLower = less leverage | 1.68× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $30.7M | $104.5M | ||
| Q3 25 | $28.3M | $100.0M | ||
| Q2 25 | $20.3M | $105.0M | ||
| Q1 25 | $14.9M | $125.6M | ||
| Q4 24 | $37.0M | $142.5M | ||
| Q3 24 | $14.4M | $163.4M | ||
| Q2 24 | $24.6M | $187.4M | ||
| Q1 24 | — | $204.7M |
| 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 | $232.1M | ||
| Q3 25 | $272.0M | $234.4M | ||
| Q2 25 | $266.4M | $238.8M | ||
| Q1 25 | $217.0M | $250.7M | ||
| Q4 24 | $211.8M | $289.4M | ||
| Q3 24 | $97.2M | $305.1M | ||
| Q2 24 | $296.4M | $329.4M | ||
| Q1 24 | $162.3M | $333.1M |
| Q4 25 | $1.4B | $320.9M | ||
| Q3 25 | $1.1B | $335.8M | ||
| Q2 25 | $1.1B | $354.0M | ||
| Q1 25 | $1.0B | $366.1M | ||
| Q4 24 | $1.0B | $420.2M | ||
| Q3 24 | $689.9M | $448.6M | ||
| Q2 24 | $710.5M | $475.3M | ||
| Q1 24 | — | $485.5M |
| 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 | $7.7M |
| Free Cash FlowOCF − Capex | $122.0M | $7.7M |
| FCF MarginFCF / Revenue | 214.9% | 21.0% |
| Capex IntensityCapex / Revenue | 7.5% | 0.0% |
| Cash ConversionOCF / Net Profit | 15.68× | — |
| TTM Free Cash FlowTrailing 4 quarters | $207.7M | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $126.3M | $7.7M | ||
| Q3 25 | $34.9M | $-2.1M | ||
| Q2 25 | $37.3M | $-14.9M | ||
| Q1 25 | $15.9M | $-12.2M | ||
| Q4 24 | $67.6M | $-12.0M | ||
| Q3 24 | $7.5M | $-3.7M | ||
| Q2 24 | $16.0M | $-13.9M | ||
| Q1 24 | $17.2M | $-3.3M |
| Q4 25 | $122.0M | $7.7M | ||
| Q3 25 | $33.7M | $-2.2M | ||
| Q2 25 | $36.1M | $-16.2M | ||
| Q1 25 | $15.8M | $-14.3M | ||
| Q4 24 | $66.7M | $-13.3M | ||
| Q3 24 | $7.1M | $-3.9M | ||
| Q2 24 | $15.7M | $-14.1M | ||
| Q1 24 | $17.1M | $-3.4M |
| Q4 25 | 214.9% | 21.0% | ||
| Q3 25 | 66.3% | -6.1% | ||
| Q2 25 | 75.9% | -42.3% | ||
| Q1 25 | 36.0% | -34.7% | ||
| Q4 24 | 182.6% | -37.5% | ||
| Q3 24 | 25.1% | -9.7% | ||
| Q2 24 | 60.4% | -29.1% | ||
| Q1 24 | 90.1% | -6.7% |
| Q4 25 | 7.5% | 0.0% | ||
| Q3 25 | 2.3% | 0.2% | ||
| Q2 25 | 2.6% | 3.3% | ||
| Q1 25 | 0.2% | 5.3% | ||
| Q4 24 | 2.7% | 3.5% | ||
| Q3 24 | 1.1% | 0.6% | ||
| Q2 24 | 1.4% | 0.5% | ||
| 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× | — | ||
| 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.
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
