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Side-by-side financial comparison of LandBridge Co LLC (LB) and TELOS CORP (TLS). Click either name above to swap in a different company.
LandBridge Co LLC is the larger business by last-quarter revenue ($56.8M vs $46.8M, roughly 1.2× TELOS CORP). LandBridge Co LLC runs the higher net margin — 14.2% vs -34.9%, a 49.1% gap on every dollar of revenue. On growth, TELOS CORP posted the faster year-over-year revenue change (77.4% vs 55.6%). LandBridge Co LLC produced more free cash flow last quarter ($122.0M vs $8.0M). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (72.8% CAGR vs 25.7%).
Telos Corporation is an information technology and cybersecurity company located in Ashburn, Virginia. Telos primarily serves government and enterprise clients, receiving a large number of its contracts from the United States Department of Defense. Customers are primarily military, intelligence and civilian agencies of the US government and NATO allies.
LB vs TLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $56.8M | $46.8M |
| Net Profit | $8.1M | $-16.3M |
| Gross Margin | — | 35.0% |
| Operating Margin | 60.0% | -39.6% |
| Net Margin | 14.2% | -34.9% |
| Revenue YoY | 55.6% | 77.4% |
| Net Profit YoY | -83.7% | -74.8% |
| EPS (diluted) | $0.24 | $-0.22 |
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 | $46.8M | ||
| Q3 25 | $50.8M | $51.4M | ||
| Q2 25 | $47.5M | $36.0M | ||
| Q1 25 | $44.0M | $30.6M | ||
| Q4 24 | $36.5M | $26.4M | ||
| Q3 24 | $28.5M | $23.8M | ||
| Q2 24 | $26.0M | $28.5M | ||
| Q1 24 | $19.0M | $29.6M |
| Q4 25 | $8.1M | $-16.3M | ||
| Q3 25 | $8.1M | $-2.1M | ||
| Q2 25 | $7.5M | $-9.5M | ||
| Q1 25 | $6.5M | $-8.6M | ||
| Q4 24 | $49.3M | $-9.3M | ||
| Q3 24 | $2.7M | $-28.1M | ||
| Q2 24 | $-57.7M | $-7.8M | ||
| Q1 24 | $10.8M | $-7.4M |
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 39.9% | ||
| Q2 25 | — | 33.2% | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 40.3% | ||
| Q3 24 | — | 13.2% | ||
| Q2 24 | — | 34.1% | ||
| Q1 24 | — | 37.0% |
| Q4 25 | 60.0% | -39.6% | ||
| Q3 25 | 60.8% | -4.8% | ||
| Q2 25 | 60.0% | -27.5% | ||
| Q1 25 | 57.0% | -29.5% | ||
| Q4 24 | 49.4% | -37.6% | ||
| Q3 24 | 11.2% | -121.4% | ||
| Q2 24 | -197.4% | -30.3% | ||
| Q1 24 | 71.1% | -28.5% |
| Q4 25 | 14.2% | -34.9% | ||
| Q3 25 | 15.9% | -4.1% | ||
| Q2 25 | 15.8% | -26.5% | ||
| Q1 25 | 14.7% | -28.1% | ||
| Q4 24 | 135.2% | -35.4% | ||
| Q3 24 | 9.3% | -118.0% | ||
| Q2 24 | -222.1% | -27.2% | ||
| Q1 24 | 56.7% | -24.9% |
| Q4 25 | $0.24 | $-0.22 | ||
| Q3 25 | $0.26 | $-0.03 | ||
| Q2 25 | $0.24 | $-0.13 | ||
| Q1 25 | $0.20 | $-0.12 | ||
| Q4 24 | — | $-0.13 | ||
| Q3 24 | $-0.04 | $-0.39 | ||
| Q2 24 | — | $-0.11 | ||
| Q1 24 | — | $-0.10 |
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 | $53.2M |
| Total DebtLower is stronger | $570.7M | — |
| Stockholders' EquityBook value | $340.3M | $96.0M |
| Total Assets | $1.4B | $139.9M |
| Debt / EquityLower = less leverage | 1.68× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $30.7M | $53.2M | ||
| Q3 25 | $28.3M | $59.0M | ||
| Q2 25 | $20.3M | $57.0M | ||
| Q1 25 | $14.9M | $57.8M | ||
| Q4 24 | $37.0M | $54.6M | ||
| Q3 24 | $14.4M | $69.8M | ||
| Q2 24 | $24.6M | $80.1M | ||
| Q1 24 | — | $93.9M |
| 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 | $96.0M | ||
| Q3 25 | $272.0M | $119.7M | ||
| Q2 25 | $266.4M | $118.4M | ||
| Q1 25 | $217.0M | $126.1M | ||
| Q4 24 | $211.8M | $127.1M | ||
| Q3 24 | $97.2M | $129.5M | ||
| Q2 24 | $296.4M | $149.1M | ||
| Q1 24 | $162.3M | $154.4M |
| Q4 25 | $1.4B | $139.9M | ||
| Q3 25 | $1.1B | $164.3M | ||
| Q2 25 | $1.1B | $165.0M | ||
| Q1 25 | $1.0B | $158.1M | ||
| Q4 24 | $1.0B | $158.2M | ||
| Q3 24 | $689.9M | $166.3M | ||
| Q2 24 | $710.5M | $182.4M | ||
| Q1 24 | — | $195.4M |
| 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 | $8.0M |
| Free Cash FlowOCF − Capex | $122.0M | $8.0M |
| FCF MarginFCF / Revenue | 214.9% | 17.0% |
| Capex IntensityCapex / Revenue | 7.5% | 0.1% |
| Cash ConversionOCF / Net Profit | 15.68× | — |
| TTM Free Cash FlowTrailing 4 quarters | $207.7M | $29.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $126.3M | $8.0M | ||
| Q3 25 | $34.9M | $9.1M | ||
| Q2 25 | $37.3M | $7.0M | ||
| Q1 25 | $15.9M | $6.1M | ||
| Q4 24 | $67.6M | $-10.5M | ||
| Q3 24 | $7.5M | $-7.1M | ||
| Q2 24 | $16.0M | $-8.0M | ||
| Q1 24 | $17.2M | $-350.0K |
| Q4 25 | $122.0M | $8.0M | ||
| Q3 25 | $33.7M | $8.7M | ||
| Q2 25 | $36.1M | $6.8M | ||
| Q1 25 | $15.8M | $6.0M | ||
| Q4 24 | $66.7M | $-12.4M | ||
| Q3 24 | $7.1M | $-7.1M | ||
| Q2 24 | $15.7M | $-8.2M | ||
| Q1 24 | $17.1M | $-447.0K |
| Q4 25 | 214.9% | 17.0% | ||
| Q3 25 | 66.3% | 16.9% | ||
| Q2 25 | 75.9% | 19.0% | ||
| Q1 25 | 36.0% | 19.5% | ||
| Q4 24 | 182.6% | -47.0% | ||
| Q3 24 | 25.1% | -30.0% | ||
| Q2 24 | 60.4% | -28.9% | ||
| Q1 24 | 90.1% | -1.5% |
| Q4 25 | 7.5% | 0.1% | ||
| Q3 25 | 2.3% | 0.9% | ||
| Q2 25 | 2.6% | 0.4% | ||
| Q1 25 | 0.2% | 0.4% | ||
| Q4 24 | 2.7% | 7.1% | ||
| Q3 24 | 1.1% | 0.2% | ||
| Q2 24 | 1.4% | 0.8% | ||
| Q1 24 | 0.5% | 0.3% |
| 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.
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
