vs
LandBridge Co LLC（LB）与Stran & Company, Inc.（SWAG）财务数据对比。点击上方公司名可切换其他公司
LandBridge Co LLC的季度营收约是Stran & Company, Inc.的1.8倍（$51.0M vs $28.9M），LandBridge Co LLC净利率更高（35.0% vs 0.8%，领先34.2%），LandBridge Co LLC同比增速更快（16.0% vs 7.2%），LandBridge Co LLC自由现金流更多（$40.9M vs $38.0K），过去两年LandBridge Co LLC的营收复合增速更高（40.2% vs 24.0%）
Stran & Company, Inc.是品牌促销产品、定制周边及一体化营销解决方案供应商，服务覆盖零售、医疗、科技、教育等领域企业客户，助力客户开展品牌宣传、用户运营及员工激励相关工作。
LB vs SWAG — 直观对比
营收规模更大
LB
是对方的1.8倍
$28.9M
营收增速更快
LB
高出8.8%
7.2%
净利率更高
LB
高出34.2%
0.8%
自由现金流更多
LB
多$40.9M
$38.0K
两年增速更快
LB
近两年复合增速
24.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $51.0M | $28.9M |
| 净利润 | $17.9M | $243.0K |
| 毛利率 | — | 30.4% |
| 营业利润率 | 57.2% | -0.1% |
| 净利率 | 35.0% | 0.8% |
| 营收同比 | 16.0% | 7.2% |
| 净利润同比 | 15.6% | 141.5% |
| 每股收益（稀释后） | — | $0.02 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收LBSWAG
| Q1 26 | $51.0M | — | ||
| Q4 25 | $56.8M | $28.9M | ||
| Q3 25 | $50.8M | $26.0M | ||
| Q2 25 | $47.5M | $32.6M | ||
| Q1 25 | $44.0M | $28.7M | ||
| Q4 24 | $36.5M | $27.0M | ||
| Q3 24 | $28.5M | $20.1M | ||
| Q2 24 | $26.0M | $16.7M |
净利润LBSWAG
| Q1 26 | $17.9M | — | ||
| Q4 25 | $8.1M | $243.0K | ||
| Q3 25 | $8.1M | $-1.2M | ||
| Q2 25 | $7.5M | $643.0K | ||
| Q1 25 | $6.5M | $-393.0K | ||
| Q4 24 | $49.3M | $-586.0K | ||
| Q3 24 | $2.7M | $-2.0M | ||
| Q2 24 | $-57.7M | $-1.0M |
毛利率LBSWAG
| Q1 26 | — | — | ||
| Q4 25 | — | 30.4% | ||
| Q3 25 | — | 27.2% | ||
| Q2 25 | — | 30.3% | ||
| Q1 25 | — | 29.6% | ||
| Q4 24 | — | 32.5% | ||
| Q3 24 | — | 29.5% | ||
| Q2 24 | — | 32.8% |
营业利润率LBSWAG
| Q1 26 | 57.2% | — | ||
| Q4 25 | 60.0% | -0.1% | ||
| Q3 25 | 60.8% | -6.9% | ||
| Q2 25 | 60.0% | 1.2% | ||
| Q1 25 | 57.0% | -1.9% | ||
| Q4 24 | 49.4% | -3.5% | ||
| Q3 24 | 11.2% | -10.8% | ||
| Q2 24 | -197.4% | -6.6% |
净利率LBSWAG
| Q1 26 | 35.0% | — | ||
| Q4 25 | 14.2% | 0.8% | ||
| Q3 25 | 15.9% | -4.8% | ||
| Q2 25 | 15.8% | 2.0% | ||
| Q1 25 | 14.7% | -1.4% | ||
| Q4 24 | 135.2% | -2.2% | ||
| Q3 24 | 9.3% | -10.1% | ||
| Q2 24 | -222.1% | -6.1% |
每股收益（稀释后）LBSWAG
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $0.02 | ||
| Q3 25 | $0.26 | $-0.07 | ||
| Q2 25 | $0.24 | $0.03 | ||
| Q1 25 | $0.20 | $-0.02 | ||
| Q4 24 | — | $-0.02 | ||
| Q3 24 | $-0.04 | $-0.11 | ||
| Q2 24 | — | $-0.06 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $29.7M | $11.6M |
| 总债务越低越好 | $433.0K | — |
| 股东权益账面价值 | — | $30.5M |
| 总资产 | $1.4B | $49.3M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资LBSWAG
| Q1 26 | $29.7M | — | ||
| Q4 25 | $30.7M | $11.6M | ||
| Q3 25 | $28.3M | $11.8M | ||
| Q2 25 | $20.3M | $18.1M | ||
| Q1 25 | $14.9M | $12.2M | ||
| Q4 24 | $37.0M | $18.2M | ||
| Q3 24 | $14.4M | $6.9M | ||
| Q2 24 | $24.6M | $9.6M |
总债务LBSWAG
| Q1 26 | $433.0K | — | ||
| 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 | — |
股东权益LBSWAG
| Q1 26 | — | — | ||
| Q4 25 | $340.3M | $30.5M | ||
| Q3 25 | $272.0M | $30.2M | ||
| Q2 25 | $266.4M | $31.8M | ||
| Q1 25 | $217.0M | $31.3M | ||
| Q4 24 | $211.8M | $31.6M | ||
| Q3 24 | $97.2M | $32.3M | ||
| Q2 24 | $296.4M | $34.3M |
总资产LBSWAG
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.4B | $49.3M | ||
| Q3 25 | $1.1B | $50.3M | ||
| Q2 25 | $1.1B | $61.2M | ||
| Q1 25 | $1.0B | $52.2M | ||
| Q4 24 | $1.0B | $55.1M | ||
| Q3 24 | $689.9M | $48.8M | ||
| Q2 24 | $710.5M | $46.6M |
负债/权益比LBSWAG
| Q1 26 | — | — | ||
| 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× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $41.1M | $161.0K |
| 自由现金流经营现金流 - 资本支出 | $40.9M | $38.0K |
| 自由现金流率自由现金流/营收 | 80.3% | 0.1% |
| 资本支出强度资本支出/营收 | — | 0.4% |
| 现金转化率经营现金流/净利润 | 2.30× | 0.66× |
| 过去12个月自由现金流最近4个季度 | $232.8M | $-5.5M |
8季度趋势，按日历期对齐
经营现金流LBSWAG
| Q1 26 | $41.1M | — | ||
| Q4 25 | $126.3M | $161.0K | ||
| Q3 25 | $34.9M | $-5.4M | ||
| Q2 25 | $37.3M | $6.4M | ||
| Q1 25 | $15.9M | $-5.9M | ||
| Q4 24 | $67.6M | $1.3M | ||
| Q3 24 | $7.5M | $-2.7M | ||
| Q2 24 | $16.0M | $2.1M |
自由现金流LBSWAG
| Q1 26 | $40.9M | — | ||
| Q4 25 | $122.0M | $38.0K | ||
| Q3 25 | $33.7M | $-5.9M | ||
| Q2 25 | $36.1M | $6.3M | ||
| Q1 25 | $15.8M | $-6.0M | ||
| Q4 24 | $66.7M | $1.2M | ||
| Q3 24 | $7.1M | $-2.9M | ||
| Q2 24 | $15.7M | $1.9M |
自由现金流率LBSWAG
| Q1 26 | 80.3% | — | ||
| Q4 25 | 214.9% | 0.1% | ||
| Q3 25 | 66.3% | -22.6% | ||
| Q2 25 | 75.9% | 19.5% | ||
| Q1 25 | 36.0% | -21.0% | ||
| Q4 24 | 182.6% | 4.6% | ||
| Q3 24 | 25.1% | -14.3% | ||
| Q2 24 | 60.4% | 11.6% |
资本支出强度LBSWAG
| Q1 26 | — | — | ||
| Q4 25 | 7.5% | 0.4% | ||
| Q3 25 | 2.3% | 1.9% | ||
| Q2 25 | 2.6% | 0.2% | ||
| Q1 25 | 0.2% | 0.4% | ||
| Q4 24 | 2.7% | 0.3% | ||
| Q3 24 | 1.1% | 0.7% | ||
| Q2 24 | 1.4% | 1.1% |
现金转化率LBSWAG
| Q1 26 | 2.30× | — | ||
| Q4 25 | 15.68× | 0.66× | ||
| Q3 25 | 4.31× | — | ||
| Q2 25 | 4.98× | 9.99× | ||
| Q1 25 | 2.46× | — | ||
| Q4 24 | 1.37× | — | ||
| Q3 24 | 2.80× | — | ||
| Q2 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
LB
| Other | $14.2M | 28% |
| Easements and other surface-related revenues | $11.6M | 23% |
| Surface use royalties - related party | $11.0M | 22% |
| Resource sales | $5.2M | 10% |
| Resource royalties | $4.3M | 8% |
| Easements and other surface-related revenues - related party | $3.2M | 6% |
| Resource royalties - related party | $1.3M | 2% |
| Resource sales - related party | $205.0K | 0% |
SWAG
| Promotional Products Dropshipping | $11.2M | 39% |
| Casino Continuity Program | $6.9M | 24% |
| Promotional Products Company Owned Inventory | $4.6M | 16% |
| Promotional Products Bulk Dropshipping | $3.8M | 13% |
| Promotional Products Thirdparty Distributor | $1.8M | 6% |
| Other | $610.0K | 2% |
