LB vs. KRP
LB (LandBridge Company LLC) and KRP (Kimbell Royalty Partners, LP) are both stocks. Both are in the Energy sector — LB in Oil & Gas Equipment & Services, KRP in Oil & Gas E&P. Over the past year, LB returned 5.17% vs 28.58% for KRP. At a 0.33 correlation, their price movements are largely independent.
Performance
LB vs. KRP - Performance Comparison
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Returns By Period
In the year-to-date period, LB achieves a 55.22% return, which is significantly higher than KRP's 36.83% return.
LB
- 1D
- 3.73%
- 1M
- 16.67%
- YTD
- 55.22%
- 6M
- 25.90%
- 1Y
- 5.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KRP
- 1D
- 0.26%
- 1M
- 0.49%
- YTD
- 36.83%
- 6M
- 26.81%
- 1Y
- 28.58%
- 3Y*
- 12.14%
- 5Y*
- 15.35%
- 10Y*
- —
LB vs. KRP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LB LandBridge Company LLC | 55.22% | -23.67% | 179.45% |
KRP Kimbell Royalty Partners, LP | 36.83% | -18.60% | 4.57% |
Correlation
The correlation between LB and KRP is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2024 | 0.33 |
Fundamentals
LB:
$0.81
KRP:
$0.60
LB:
93.68
KRP:
25.43
LB:
0.88
KRP:
0.10
LB:
18.77
KRP:
5.91
LB:
$206.15M
KRP:
$309.11M
LB:
$142.47M
KRP:
$319.28M
LB:
$141.85M
KRP:
$177.16M
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Return for Risk
LB vs. KRP — Risk / Return Rank
LB
KRP
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 ratioReturn per unit of total volatility | 0.09 | 1.25 | -1.17 |
Sortino ratioReturn per unit of downside risk | 0.56 | 1.72 | -1.17 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.22 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.11 | 1.40 | -1.29 |
Martin ratioReturn relative to average drawdown | 0.21 | 3.61 | -3.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LB | KRP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | 1.25 | -1.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.28 | 0.17 | +1.11 |
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.
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Drawdown Indicators
| LB | KRP | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 (3Y)Largest decline over 3 years | — | -27.58% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.58% | — |
Current DrawdownCurrent decline from peak | -10.97% | -0.20% | -10.77% |
Average DrawdownAverage peak-to-trough decline | -19.10% | -19.45% | +0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.97% | 7.94% | +17.03% |
Volatility
LB vs. KRP - Volatility Comparison
LandBridge Company LLC (LB) has a higher volatility of 14.86% compared to Kimbell Royalty Partners, LP (KRP) at 8.64%. 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.
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Volatility by Period
| LB | KRP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.86% | 8.64% | +6.22% |
Volatility (6M)Calculated over the trailing 6-month period | 40.68% | 17.24% | +23.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.81% | 22.90% | +36.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.90% | 28.30% | +39.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.90% | 41.10% | +26.80% |
Dividends
LB vs. KRP - Dividend Comparison
LB's dividend yield for the trailing twelve months is around 0.55%, less than KRP's 9.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
KRP Kimbell Royalty Partners, LP | 9.89% | 13.61% | 10.78% | 11.50% | 11.26% | 8.36% | 11.00% | 9.29% | 12.22% | 5.17% |
LB LandBridge Company LLC | 0.55% | 0.82% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
LB vs. KRP - Financials Comparison
This section allows you to compare key financial metrics between LandBridge Company LLC and Kimbell Royalty Partners, LP. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
LB vs. KRP - Profitability Comparison
LB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, LandBridge Company LLC reported a gross profit of 0.00 and revenue of 51.01M. Therefore, the gross margin over that period was 0.0%.
KRP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Kimbell Royalty Partners, LP reported a gross profit of 59.66M and revenue of 65.54M. Therefore, the gross margin over that period was 91.0%.
LB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, LandBridge Company LLC reported an operating income of 29.18M and revenue of 51.01M, resulting in an operating margin of 57.2%.
KRP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Kimbell Royalty Partners, LP reported an operating income of 15.80M and revenue of 65.54M, resulting in an operating margin of 24.1%.
LB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, LandBridge Company LLC reported a net income of 17.87M and revenue of 51.01M, resulting in a net margin of 35.0%.
KRP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Kimbell Royalty Partners, LP reported a net income of 3.97M and revenue of 65.54M, resulting in a net margin of 6.1%.
Frequently Asked Questions
LB and KRP have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LB has higher volatility (14.86%) compared to KRP (8.64%). In terms of maximum drawdown, LB dropped -48.25% vs KRP's -80.91%.
KRP currently has the higher Sharpe Ratio (1.25 vs 0.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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