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Side-by-side financial comparison of LandBridge Co LLC (LB) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.
LandBridge Co LLC is the larger business by last-quarter revenue ($56.8M vs $33.9M, roughly 1.7× Spok Holdings, Inc). LandBridge Co LLC runs the higher net margin — 14.2% vs 8.7%, a 5.5% gap on every dollar of revenue. On growth, LandBridge Co LLC posted the faster year-over-year revenue change (55.6% vs -0.1%). LandBridge Co LLC produced more free cash flow last quarter ($122.0M vs $10.1M). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (72.8% CAGR vs -1.5%).
Spok Holdings, Inc. is a global provider of critical communication solutions primarily serving the healthcare industry. It offers unified clinical communication platforms, secure messaging tools, alerting systems, and on-call scheduling software that help care teams coordinate efficiently, cut response times, and boost patient safety across medical facilities.
LB vs SPOK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $56.8M | $33.9M |
| Net Profit | $8.1M | $2.9M |
| Gross Margin | — | 76.7% |
| Operating Margin | 60.0% | 11.6% |
| Net Margin | 14.2% | 8.7% |
| Revenue YoY | 55.6% | -0.1% |
| Net Profit YoY | -83.7% | -19.6% |
| EPS (diluted) | $0.24 | $0.13 |
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 | $33.9M | ||
| Q3 25 | $50.8M | $33.9M | ||
| Q2 25 | $47.5M | $35.7M | ||
| Q1 25 | $44.0M | $36.3M | ||
| Q4 24 | $36.5M | $33.9M | ||
| Q3 24 | $28.5M | $34.9M | ||
| Q2 24 | $26.0M | $34.0M | ||
| Q1 24 | $19.0M | $34.9M |
| Q4 25 | $8.1M | $2.9M | ||
| Q3 25 | $8.1M | $3.2M | ||
| Q2 25 | $7.5M | $4.6M | ||
| Q1 25 | $6.5M | $5.2M | ||
| Q4 24 | $49.3M | $3.6M | ||
| Q3 24 | $2.7M | $3.7M | ||
| Q2 24 | $-57.7M | $3.4M | ||
| Q1 24 | $10.8M | $4.2M |
| Q4 25 | — | 76.7% | ||
| Q3 25 | — | 78.3% | ||
| Q2 25 | — | 79.5% | ||
| Q1 25 | — | 80.1% | ||
| Q4 24 | — | 78.5% | ||
| Q3 24 | — | 79.5% | ||
| Q2 24 | — | 78.9% | ||
| Q1 24 | — | 79.5% |
| Q4 25 | 60.0% | 11.6% | ||
| Q3 25 | 60.8% | 12.9% | ||
| Q2 25 | 60.0% | 15.1% | ||
| Q1 25 | 57.0% | 16.6% | ||
| Q4 24 | 49.4% | 13.7% | ||
| Q3 24 | 11.2% | 14.2% | ||
| Q2 24 | -197.4% | 13.2% | ||
| Q1 24 | 71.1% | 14.0% |
| Q4 25 | 14.2% | 8.7% | ||
| Q3 25 | 15.9% | 9.5% | ||
| Q2 25 | 15.8% | 12.8% | ||
| Q1 25 | 14.7% | 14.3% | ||
| Q4 24 | 135.2% | 10.8% | ||
| Q3 24 | 9.3% | 10.5% | ||
| Q2 24 | -222.1% | 10.1% | ||
| Q1 24 | 56.7% | 12.1% |
| Q4 25 | $0.24 | $0.13 | ||
| Q3 25 | $0.26 | $0.15 | ||
| Q2 25 | $0.24 | $0.22 | ||
| Q1 25 | $0.20 | $0.25 | ||
| Q4 24 | — | $0.17 | ||
| Q3 24 | $-0.04 | $0.18 | ||
| Q2 24 | — | $0.17 | ||
| Q1 24 | — | $0.21 |
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 | $25.3M |
| Total DebtLower is stronger | $570.7M | — |
| Stockholders' EquityBook value | $340.3M | $146.4M |
| Total Assets | $1.4B | $206.1M |
| Debt / EquityLower = less leverage | 1.68× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $30.7M | $25.3M | ||
| Q3 25 | $28.3M | $21.4M | ||
| Q2 25 | $20.3M | $20.2M | ||
| Q1 25 | $14.9M | $19.9M | ||
| Q4 24 | $37.0M | $29.1M | ||
| Q3 24 | $14.4M | $27.8M | ||
| Q2 24 | $24.6M | $23.9M | ||
| Q1 24 | — | $23.3M |
| 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 | $146.4M | ||
| Q3 25 | $272.0M | $148.7M | ||
| Q2 25 | $266.4M | $150.9M | ||
| Q1 25 | $217.0M | $151.7M | ||
| Q4 24 | $211.8M | $154.7M | ||
| Q3 24 | $97.2M | $156.3M | ||
| Q2 24 | $296.4M | $158.2M | ||
| Q1 24 | $162.3M | $160.2M |
| Q4 25 | $1.4B | $206.1M | ||
| Q3 25 | $1.1B | $209.7M | ||
| Q2 25 | $1.1B | $208.7M | ||
| Q1 25 | $1.0B | $204.5M | ||
| Q4 24 | $1.0B | $217.1M | ||
| Q3 24 | $689.9M | $216.8M | ||
| Q2 24 | $710.5M | $216.4M | ||
| Q1 24 | — | $215.0M |
| 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 | $11.5M |
| Free Cash FlowOCF − Capex | $122.0M | $10.1M |
| FCF MarginFCF / Revenue | 214.9% | 29.9% |
| Capex IntensityCapex / Revenue | 7.5% | 4.1% |
| Cash ConversionOCF / Net Profit | 15.68× | 3.93× |
| TTM Free Cash FlowTrailing 4 quarters | $207.7M | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $126.3M | $11.5M | ||
| Q3 25 | $34.9M | $8.1M | ||
| Q2 25 | $37.3M | $7.0M | ||
| Q1 25 | $15.9M | $2.3M | ||
| Q4 24 | $67.6M | $8.4M | ||
| Q3 24 | $7.5M | $11.1M | ||
| Q2 24 | $16.0M | $7.4M | ||
| Q1 24 | $17.2M | $2.0M |
| Q4 25 | $122.0M | $10.1M | ||
| Q3 25 | $33.7M | $7.6M | ||
| Q2 25 | $36.1M | $6.0M | ||
| Q1 25 | $15.8M | $1.5M | ||
| Q4 24 | $66.7M | $7.5M | ||
| Q3 24 | $7.1M | $10.3M | ||
| Q2 24 | $15.7M | $6.8M | ||
| Q1 24 | $17.1M | $1.1M |
| Q4 25 | 214.9% | 29.9% | ||
| Q3 25 | 66.3% | 22.4% | ||
| Q2 25 | 75.9% | 16.8% | ||
| Q1 25 | 36.0% | 4.2% | ||
| Q4 24 | 182.6% | 22.3% | ||
| Q3 24 | 25.1% | 29.4% | ||
| Q2 24 | 60.4% | 20.0% | ||
| Q1 24 | 90.1% | 3.2% |
| Q4 25 | 7.5% | 4.1% | ||
| Q3 25 | 2.3% | 1.6% | ||
| Q2 25 | 2.6% | 2.9% | ||
| Q1 25 | 0.2% | 2.1% | ||
| Q4 24 | 2.7% | 2.5% | ||
| Q3 24 | 1.1% | 2.4% | ||
| Q2 24 | 1.4% | 1.9% | ||
| Q1 24 | 0.5% | 2.5% |
| Q4 25 | 15.68× | 3.93× | ||
| Q3 25 | 4.31× | 2.54× | ||
| Q2 25 | 4.98× | 1.55× | ||
| Q1 25 | 2.46× | 0.43× | ||
| Q4 24 | 1.37× | 2.31× | ||
| Q3 24 | 2.80× | 3.03× | ||
| Q2 24 | — | 2.17× | ||
| Q1 24 | 1.60× | 0.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LB
Segment breakdown not available.
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
