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Side-by-side financial comparison of LandBridge Co LLC (LB) and Star Equity Holdings, Inc. (STRR). Click either name above to swap in a different company.
Star Equity Holdings, Inc. is the larger business by last-quarter revenue ($56.8M vs $56.8M, roughly 1.0× LandBridge Co LLC). LandBridge Co LLC runs the higher net margin — 14.2% vs -3.0%, a 17.2% gap on every dollar of revenue. On growth, Star Equity Holdings, Inc. posted the faster year-over-year revenue change (69.0% vs 55.6%). LandBridge Co LLC produced more free cash flow last quarter ($122.0M vs $-9.0M). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (72.8% CAGR vs 29.5%).
Artists Equity is an American production company founded by actors and filmmakers Ben Affleck and Matt Damon in November 2022.
LB vs STRR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $56.8M | $56.8M |
| Net Profit | $8.1M | $-1.7M |
| Gross Margin | — | — |
| Operating Margin | 60.0% | -0.2% |
| Net Margin | 14.2% | -3.0% |
| Revenue YoY | 55.6% | 69.0% |
| Net Profit YoY | -83.7% | -192.1% |
| EPS (diluted) | $0.24 | $-0.49 |
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 | $56.8M | ||
| Q3 25 | $50.8M | $48.0M | ||
| Q2 25 | $47.5M | $35.5M | ||
| Q1 25 | $44.0M | $31.9M | ||
| Q4 24 | $36.5M | $33.6M | ||
| Q3 24 | $28.5M | $36.9M | ||
| Q2 24 | $26.0M | $35.7M | ||
| Q1 24 | $19.0M | $33.9M |
| Q4 25 | $8.1M | $-1.7M | ||
| Q3 25 | $8.1M | $-1.8M | ||
| Q2 25 | $7.5M | $-688.0K | ||
| Q1 25 | $6.5M | $-1.8M | ||
| Q4 24 | $49.3M | $-585.0K | ||
| Q3 24 | $2.7M | $-846.0K | ||
| Q2 24 | $-57.7M | $-441.0K | ||
| Q1 24 | $10.8M | $-2.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | 43.0% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 50.5% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 60.0% | -0.2% | ||
| Q3 25 | 60.8% | -3.4% | ||
| Q2 25 | 60.0% | -0.6% | ||
| Q1 25 | 57.0% | -5.4% | ||
| Q4 24 | 49.4% | -0.4% | ||
| Q3 24 | 11.2% | -1.2% | ||
| Q2 24 | -197.4% | -0.5% | ||
| Q1 24 | 71.1% | -9.0% |
| Q4 25 | 14.2% | -3.0% | ||
| Q3 25 | 15.9% | -3.7% | ||
| Q2 25 | 15.8% | -1.9% | ||
| Q1 25 | 14.7% | -5.5% | ||
| Q4 24 | 135.2% | -1.7% | ||
| Q3 24 | 9.3% | -2.3% | ||
| Q2 24 | -222.1% | -1.2% | ||
| Q1 24 | 56.7% | -8.6% |
| Q4 25 | $0.24 | $-0.49 | ||
| Q3 25 | $0.26 | $-0.54 | ||
| Q2 25 | $0.24 | $-0.23 | ||
| Q1 25 | $0.20 | $-0.59 | ||
| Q4 24 | — | $-0.21 | ||
| Q3 24 | $-0.04 | $-0.28 | ||
| Q2 24 | — | $-0.15 | ||
| Q1 24 | — | $-0.95 |
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 | $10.3M |
| Total DebtLower is stronger | $570.7M | — |
| Stockholders' EquityBook value | $340.3M | $65.7M |
| Total Assets | $1.4B | $113.2M |
| Debt / EquityLower = less leverage | 1.68× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $30.7M | $10.3M | ||
| Q3 25 | $28.3M | $15.4M | ||
| Q2 25 | $20.3M | $16.8M | ||
| Q1 25 | $14.9M | $16.6M | ||
| Q4 24 | $37.0M | $17.0M | ||
| Q3 24 | $14.4M | $15.8M | ||
| Q2 24 | $24.6M | $14.7M | ||
| Q1 24 | — | $20.4M |
| Q4 25 | $570.7M | — | ||
| Q3 25 | $366.1M | $6.5M | ||
| Q2 25 | $370.9M | — | ||
| Q1 25 | $375.5M | — | ||
| Q4 24 | $385.5M | $0 | ||
| Q3 24 | $242.4M | — | ||
| Q2 24 | $360.8M | — | ||
| Q1 24 | — | — |
| Q4 25 | $340.3M | $65.7M | ||
| Q3 25 | $272.0M | $67.8M | ||
| Q2 25 | $266.4M | $40.1M | ||
| Q1 25 | $217.0M | $39.5M | ||
| Q4 24 | $211.8M | $40.4M | ||
| Q3 24 | $97.2M | $42.9M | ||
| Q2 24 | $296.4M | $42.6M | ||
| Q1 24 | $162.3M | $44.3M |
| Q4 25 | $1.4B | $113.2M | ||
| Q3 25 | $1.1B | $117.1M | ||
| Q2 25 | $1.1B | $55.6M | ||
| Q1 25 | $1.0B | $53.2M | ||
| Q4 24 | $1.0B | $52.6M | ||
| Q3 24 | $689.9M | $52.6M | ||
| Q2 24 | $710.5M | $52.6M | ||
| Q1 24 | — | $52.6M |
| Q4 25 | 1.68× | — | ||
| Q3 25 | 1.35× | 0.10× | ||
| Q2 25 | 1.39× | — | ||
| Q1 25 | 1.73× | — | ||
| Q4 24 | 1.82× | 0.00× | ||
| 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 | $-7.3M |
| Free Cash FlowOCF − Capex | $122.0M | $-9.0M |
| FCF MarginFCF / Revenue | 214.9% | -15.8% |
| Capex IntensityCapex / Revenue | 7.5% | 3.0% |
| Cash ConversionOCF / Net Profit | 15.68× | — |
| TTM Free Cash FlowTrailing 4 quarters | $207.7M | $-13.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $126.3M | $-7.3M | ||
| Q3 25 | $34.9M | $-2.7M | ||
| Q2 25 | $37.3M | $139.0K | ||
| Q1 25 | $15.9M | $-802.0K | ||
| Q4 24 | $67.6M | $-2.8M | ||
| Q3 24 | $7.5M | $1.3M | ||
| Q2 24 | $16.0M | $-4.3M | ||
| Q1 24 | $17.2M | $-1.8M |
| Q4 25 | $122.0M | $-9.0M | ||
| Q3 25 | $33.7M | $-3.4M | ||
| Q2 25 | $36.1M | $102.0K | ||
| Q1 25 | $15.8M | $-808.0K | ||
| Q4 24 | $66.7M | $-2.8M | ||
| Q3 24 | $7.1M | $1.3M | ||
| Q2 24 | $15.7M | $-4.3M | ||
| Q1 24 | $17.1M | $-1.8M |
| Q4 25 | 214.9% | -15.8% | ||
| Q3 25 | 66.3% | -7.0% | ||
| Q2 25 | 75.9% | 0.3% | ||
| Q1 25 | 36.0% | -2.5% | ||
| Q4 24 | 182.6% | -8.3% | ||
| Q3 24 | 25.1% | 3.4% | ||
| Q2 24 | 60.4% | -12.0% | ||
| Q1 24 | 90.1% | -5.3% |
| Q4 25 | 7.5% | 3.0% | ||
| Q3 25 | 2.3% | 1.3% | ||
| Q2 25 | 2.6% | 0.1% | ||
| Q1 25 | 0.2% | 0.0% | ||
| Q4 24 | 2.7% | 0.1% | ||
| Q3 24 | 1.1% | 0.0% | ||
| Q2 24 | 1.4% | 0.0% | ||
| Q1 24 | 0.5% | 0.0% |
| 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.
STRR
| Revenue From Other Contracts With Customers | $27.6M | 49% |
| Other | $24.3M | 43% |
| Energy Services Segment | $4.9M | 9% |
