Landbridge vs Summit Midstream
Summit Midstream is the larger business, with $562m of revenue in fiscal 2025 against $199m for Landbridge (2.8 times as much). Landbridge grew faster (81.1% against 30.8%). Landbridge kept more of each dollar of sales as profit: a net margin of 15.1% against -1.1%.
| Latest fiscal year | LandbridgeLB, 2025 | Summit MidstreamSMC, 2025 |
|---|---|---|
| Revenue | $199m | $562m |
| Revenue growth | 81.1% | 30.8% |
| Net income | $30.1m | −$5.9m |
| Operating margin | — | — |
| Net margin | 15.1% | -1.1% |
| Return on equity | 10.9% | -1.2% |
| Free cash flow | $122m | $44.6m |
| Cash | $30.7m | $9.3m |
| Total debt | $571m | $1.05bn |
| Debt to equity | — | 193.2% |
| Dividend per share | — | — |
| Dividend yield | 1.0% | — |
| Share buybacks | — | — |
| Employees | — | 296 |
| Market value | $6.09bn | $420m |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 3 buys, 8 sales | 1 buys, 3 sales |