LB vs. KRP

Last updated Apr 1, 2026

Compare and contrast key facts about LandBridge Company LLC (LB) and Kimbell Royalty Partners, LP (KRP).

Performance

LB vs. KRP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LandBridge Company LLC (LB) and Kimbell Royalty Partners, LP (KRP). The values are adjusted to include any dividend payments, if applicable.

LB vs. KRP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LB LandBridge Company LLC	41.17%	-23.67%	179.45%
KRP Kimbell Royalty Partners, LP	26.23%	-18.60%	4.57%

Fundamentals

Market Cap LB : $5.28B KRP : $1.71B
EPS LB : $0.32 KRP : $0.47
PE Ratio LB : 217.24 KRP : 30.92
PS Ratio LB : 29.52 KRP : 5.19
PB Ratio LB : 19.43 KRP : 3.21
Total Revenue (TTM) LB : $178.81M KRP : $333.83M
Gross Profit (TTM) LB : $165.68M KRP : $313.39M
EBITDA (TTM) LB : $112.73M KRP : $225.70M

Returns By Period

In the year-to-date period, LB achieves a 41.17% return, which is significantly higher than KRP's 26.23% return.

LB

• 1D: 1.50%
• 1M: -7.17%
• YTD: 41.17%
• 6M: 29.85%
• 1Y: -3.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KRP

• 1D: -2.49%
• 1M: 3.52%
• YTD: 26.23%
• 6M: 12.91%
• 1Y: 15.77%
• 3Y*: 9.89%
• 5Y*: 19.73%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

LB vs. KRP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LB

LB Risk / Return Rank: 40
LB Sharpe Ratio Rank: 39
LB Sortino Ratio Rank: 39
LB Omega Ratio Rank: 39
LB Calmar Ratio Rank: 42
LB Martin Ratio Rank: 42

KRP

KRP Risk / Return Rank: 58
KRP Sharpe Ratio Rank: 62
KRP Sortino Ratio Rank: 55
KRP Omega Ratio Rank: 54
KRP Calmar Ratio Rank: 59
KRP Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LB vs. KRP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LandBridge Company LLC (LB) and Kimbell Royalty Partners, LP (KRP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	LB	KRP	Difference
Sharpe ratio Return per unit of total volatility	-0.05	0.56	-0.62
Sortino ratio Return per unit of downside risk	0.38	0.93	-0.55
Omega ratio Gain probability vs. loss probability	1.05	1.12	-0.07
Calmar ratio Return relative to maximum drawdown	-0.01	0.74	-0.75
Martin ratio Return relative to average drawdown	-0.01	1.65	-1.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LB vs. KRP - Sharpe Ratio Comparison

The current LB Sharpe Ratio is -0.05, which is lower than the KRP Sharpe Ratio of 0.56. The chart below compares the historical Sharpe Ratios of LB and KRP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LB	KRP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.05	0.56	-0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.27	0.15	+1.12

Correlation

The correlation between LB and KRP is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

LB vs. KRP - Dividend Comparison

LB's dividend yield for the trailing twelve months is around 0.61%, less than KRP's 10.85% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
LB LandBridge Company LLC	0.61%	0.82%	0.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
KRP Kimbell Royalty Partners, LP	10.85%	13.61%	10.78%	11.50%	11.26%	8.36%	11.00%	9.29%	12.22%	5.17%

Drawdowns

LB vs. KRP - Drawdown Comparison

The maximum LB drawdown since its inception was -48.25%, smaller than the maximum KRP drawdown of -80.91%. Use the drawdown chart below to compare losses from any high point for LB and KRP.

Drawdown Indicators

	LB	KRP	Difference
Max Drawdown Largest peak-to-trough decline	-48.25%	-80.91%	+32.66%
Max Drawdown (1Y) Largest decline over 1 year	-48.25%	-20.50%	-27.75%
Max Drawdown (5Y) Largest decline over 5 years	—	-27.58%	—
Current Drawdown Current decline from peak	-19.02%	-2.49%	-16.53%
Average Drawdown Average peak-to-trough decline	-19.14%	-19.78%	+0.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.26%	9.19%	+19.07%

Volatility

LB vs. KRP - Volatility Comparison

LandBridge Company LLC (LB) has a higher volatility of 16.39% compared to Kimbell Royalty Partners, LP (KRP) at 5.61%. This indicates that LB's price experiences larger fluctuations and is considered to be riskier than KRP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LB	KRP	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.39%	5.61%	+10.78%
Volatility (6M) Calculated over the trailing 6-month period	48.60%	15.86%	+32.74%
Volatility (1Y) Calculated over the trailing 1-year period	63.74%	28.13%	+35.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.39%	28.52%	+40.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.39%	41.32%	+28.07%

Financials