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Stock Comparison

TPL vs CVX

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
TPL
Texas Pacific Land Corporation

Oil & Gas Exploration & Production

EnergyNYSE • US
Market Cap$28.94B
5Y Perf.+114.7%
CVX
Chevron Corporation

Oil & Gas Integrated

EnergyNYSE • US
Market Cap$369.41B
5Y Perf.+101.9%

TPL vs CVX — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
TPL logoTPL
CVX logoCVX
IndustryOil & Gas Exploration & ProductionOil & Gas Integrated
Market Cap$28.94B$369.41B
Revenue (TTM)$839M$184.43B
Net Income (TTM)$504M$12.30B
Gross Margin74.5%30.4%
Operating Margin74.4%9.0%
Forward P/E43.9x15.2x
Total Debt$32M$46.74B
Cash & Equiv.$145M$6.47B

TPL vs CVXLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

TPL
CVX
StockMay 20May 26Return
Texas Pacific Land … (TPL)100214.7+114.7%
Chevron Corporation (CVX)100201.9+101.9%

Price return only. Dividends and distributions are not included.

Quick Verdict: TPL vs CVX

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: TPL leads in 4 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Chevron Corporation is the stronger pick specifically for valuation and capital efficiency and dividend income and shareholder returns. As sector peers, any of these can serve as alternatives in the same allocation.
TPL
Texas Pacific Land Corporation
The Growth Play

TPL carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.

  • Rev growth 13.1%, EPS growth 6.0%, 3Y rev CAGR 6.1%
  • 7.8% 10Y total return vs CVX's 134.9%
  • Lower volatility, beta 0.31, Low D/E 2.2%, current ratio 4.40x
Best for: growth exposure and long-term compounding
CVX
Chevron Corporation
The Income Pick

CVX is the clearest fit if your priority is income & stability.

  • Dividend streak 8 yrs, beta -0.05, yield 3.7%
  • Lower P/E (15.2x vs 43.9x)
  • 3.7% yield, 8-year raise streak, vs TPL's 0.5%
Best for: income & stability
See the full category breakdown
CategoryWinnerWhy
GrowthTPL logoTPL13.1% revenue growth vs CVX's -4.6%
ValueCVX logoCVXLower P/E (15.2x vs 43.9x)
Quality / MarginsTPL logoTPL60.0% margin vs CVX's 6.7%
Stability / SafetyTPL logoTPLLower D/E ratio (2.2% vs 24.3%)
DividendsCVX logoCVX3.7% yield, 8-year raise streak, vs TPL's 0.5%
Momentum (1Y)CVX logoCVX+41.6% vs TPL's -68.4%
Efficiency (ROA)TPL logoTPL32.0% ROA vs CVX's 4.2%, ROIC 42.1% vs 6.2%

TPL vs CVX — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

TPLTexas Pacific Land Corporation
FY 2025
Oil And Gas Royalties
51.6%$412M
Water Sales And Royalties
21.3%$170M
Produced Water Royalties
15.6%$124M
Easement and Sundry
11.5%$92M
Land Sales
0.1%$819,000
CVXChevron Corporation
FY 2025
Downstream
61.1%$72.5B
Upstream
38.4%$45.5B
All Other Segments
0.5%$644M

TPL vs CVX — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLCVXLAGGINGTPL

Income & Cash Flow (Last 12 Months)

TPL leads this category, winning 6 of 6 comparable metrics.

CVX is the larger business by revenue, generating $184.4B annually — 219.8x TPL's $839M. TPL is the more profitable business, keeping 60.0% of every revenue dollar as net income compared to CVX's 6.7%. On growth, TPL holds the edge at +20.8% YoY revenue growth, suggesting stronger near-term business momentum.

MetricTPL logoTPLTexas Pacific Lan…CVX logoCVXChevron Corporati…
RevenueTrailing 12 months$839M$184.4B
EBITDAEarnings before interest/tax$689M$37.1B
Net IncomeAfter-tax profit$504M$12.3B
Free Cash FlowCash after capex$493M$16.2B
Gross MarginGross profit ÷ Revenue+74.5%+30.4%
Operating MarginEBIT ÷ Revenue+74.4%+9.0%
Net MarginNet income ÷ Revenue+60.0%+6.7%
FCF MarginFCF ÷ Revenue+58.8%+8.8%
Rev. Growth (YoY)Latest quarter vs prior year+20.8%-5.3%
EPS Growth (YoY)Latest quarter vs prior year+18.5%-24.5%
TPL leads this category, winning 6 of 6 comparable metrics.

Valuation Metrics

CVX leads this category, winning 6 of 6 comparable metrics.

At 27.9x trailing earnings, CVX trades at a 54% valuation discount to TPL's 60.2x P/E. On an enterprise value basis, CVX's 11.0x EV/EBITDA is more attractive than TPL's 44.0x.

MetricTPL logoTPLTexas Pacific Lan…CVX logoCVXChevron Corporati…
Market CapShares × price$28.9B$369.4B
Enterprise ValueMkt cap + debt − cash$28.8B$409.7B
Trailing P/EPrice ÷ TTM EPS60.22x27.92x
Forward P/EPrice ÷ next-FY EPS est.43.91x15.24x
PEG RatioP/E ÷ EPS growth rate2.67x
EV / EBITDAEnterprise value multiple44.03x11.03x
Price / SalesMarket cap ÷ Revenue36.25x2.00x
Price / BookPrice ÷ Book value/share19.86x1.79x
Price / FCFMarket cap ÷ FCF59.50x22.26x
CVX leads this category, winning 6 of 6 comparable metrics.

Profitability & Efficiency

TPL leads this category, winning 8 of 8 comparable metrics.

TPL delivers a 35.5% return on equity — every $100 of shareholder capital generates $36 in annual profit, vs $7 for CVX. TPL carries lower financial leverage with a 0.02x debt-to-equity ratio, signaling a more conservative balance sheet compared to CVX's 0.24x.

MetricTPL logoTPLTexas Pacific Lan…CVX logoCVXChevron Corporati…
ROE (TTM)Return on equity+35.5%+7.2%
ROA (TTM)Return on assets+32.0%+4.2%
ROICReturn on invested capital+42.1%+6.2%
ROCEReturn on capital employed+43.3%+6.6%
Piotroski ScoreFundamental quality 0–955
Debt / EquityFinancial leverage0.02x0.24x
Net DebtTotal debt minus cash-$112M$40.3B
Cash & Equiv.Liquid assets$145M$6.5B
Total DebtShort + long-term debt$32M$46.7B
Interest CoverageEBIT ÷ Interest expense446.42x17.22x
TPL leads this category, winning 8 of 8 comparable metrics.

Total Returns (Dividends Reinvested)

CVX leads this category, winning 4 of 6 comparable metrics.

A $10,000 investment in CVX five years ago would be worth $19,814 today (with dividends reinvested), compared to $8,145 for TPL. Over the past 12 months, CVX leads with a +41.6% total return vs TPL's -68.4%. The 3-year compound annual growth rate (CAGR) favors CVX at 8.7% vs TPL's -2.6% — a key indicator of consistent wealth creation.

MetricTPL logoTPLTexas Pacific Lan…CVX logoCVXChevron Corporati…
YTD ReturnYear-to-date+41.1%+19.9%
1-Year ReturnPast 12 months-68.4%+41.6%
3-Year ReturnCumulative with dividends-7.5%+28.3%
5-Year ReturnCumulative with dividends-18.5%+98.1%
10-Year ReturnCumulative with dividends+777.4%+134.9%
CAGR (3Y)Annualised 3-year return-2.6%+8.7%
CVX leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

CVX leads this category, winning 2 of 2 comparable metrics.

CVX is the less volatile stock with a -0.05 beta — it tends to amplify market swings less than TPL's 0.31 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CVX currently trades 86.2% from its 52-week high vs TPL's 29.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricTPL logoTPLTexas Pacific Lan…CVX logoCVXChevron Corporati…
Beta (5Y)Sensitivity to S&P 5000.31x-0.05x
52-Week HighHighest price in past year$1432.18$214.71
52-Week LowLowest price in past year$280.95$133.77
% of 52W HighCurrent price vs 52-week peak+29.3%+86.2%
RSI (14)Momentum oscillator 0–10043.352.9
Avg Volume (50D)Average daily shares traded474K11.0M
CVX leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

CVX leads this category, winning 2 of 2 comparable metrics.

Wall Street rates TPL as "Buy" and CVX as "Buy". Consensus price targets imply 52.2% upside for TPL (target: $639) vs 3.1% for CVX (target: $191). For income investors, CVX offers the higher dividend yield at 3.71% vs TPL's 0.51%.

MetricTPL logoTPLTexas Pacific Lan…CVX logoCVXChevron Corporati…
Analyst RatingConsensus buy/hold/sellBuyBuy
Price TargetConsensus 12-month target$639.00$190.93
# AnalystsCovering analysts553
Dividend YieldAnnual dividend ÷ price+0.5%+3.7%
Dividend StreakConsecutive years of raises08
Dividend / ShareAnnual DPS$2.14$6.87
Buyback YieldShare repurchases ÷ mkt cap+0.1%+3.2%
CVX leads this category, winning 2 of 2 comparable metrics.
Key Takeaway

CVX leads in 4 of 6 categories (Valuation Metrics, Total Returns). TPL leads in 2 (Income & Cash Flow, Profitability & Efficiency).

Best OverallChevron Corporation (CVX)Leads 4 of 6 categories
Loading custom metrics...

TPL vs CVX: Frequently Asked Questions

10 questions · data-driven answers · updated daily

01

Is TPL or CVX a better buy right now?

For growth investors, Texas Pacific Land Corporation (TPL) is the stronger pick with 13.

1% revenue growth year-over-year, versus -4. 6% for Chevron Corporation (CVX). Chevron Corporation (CVX) offers the better valuation at 27. 9x trailing P/E (15. 2x forward), making it the more compelling value choice. Analysts rate Texas Pacific Land Corporation (TPL) a "Buy" — based on 5 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which has the better valuation — TPL or CVX?

On trailing P/E, Chevron Corporation (CVX) is the cheapest at 27.

9x versus Texas Pacific Land Corporation at 60. 2x. On forward P/E, Chevron Corporation is actually cheaper at 15. 2x.

03

Which is the better long-term investment — TPL or CVX?

Over the past 5 years, Chevron Corporation (CVX) delivered a total return of +98.

1%, compared to -18. 5% for Texas Pacific Land Corporation (TPL). Over 10 years, the gap is even starker: TPL returned +777. 4% versus CVX's +134. 9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — TPL or CVX?

By beta (market sensitivity over 5 years), Chevron Corporation (CVX) is the lower-risk stock at -0.

05β versus Texas Pacific Land Corporation's 0. 31β — meaning TPL is approximately -696% more volatile than CVX relative to the S&P 500. On balance sheet safety, Texas Pacific Land Corporation (TPL) carries a lower debt/equity ratio of 2% versus 24% for Chevron Corporation — giving it more financial flexibility in a downturn.

05

Which is growing faster — TPL or CVX?

By revenue growth (latest reported year), Texas Pacific Land Corporation (TPL) is pulling ahead at 13.

1% versus -4. 6% for Chevron Corporation (CVX). On earnings-per-share growth, the picture is similar: Texas Pacific Land Corporation grew EPS 6. 0% year-over-year, compared to -31. 8% for Chevron Corporation. Over a 3-year CAGR, TPL leads at 6. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

06

Which has better profit margins — TPL or CVX?

Texas Pacific Land Corporation (TPL) is the more profitable company, earning 60.

3% net margin versus 6. 7% for Chevron Corporation — meaning it keeps 60. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TPL leads at 74. 2% versus 9. 0% for CVX. At the gross margin level — before operating expenses — TPL leads at 100. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

07

Is TPL or CVX more undervalued right now?

On forward earnings alone, Chevron Corporation (CVX) trades at 15.

2x forward P/E versus 43. 9x for Texas Pacific Land Corporation — 28. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for TPL: 52. 2% to $639. 00.

08

Which pays a better dividend — TPL or CVX?

All stocks in this comparison pay dividends.

Chevron Corporation (CVX) offers the highest yield at 3. 7%, versus 0. 5% for Texas Pacific Land Corporation (TPL).

09

Is TPL or CVX better for a retirement portfolio?

For long-horizon retirement investors, Texas Pacific Land Corporation (TPL) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.

31), 0. 5% yield, +777. 4% 10Y return). Both have compounded well over 10 years (TPL: +777. 4%, CVX: +134. 9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

10

What are the main differences between TPL and CVX?

Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: TPL is a mid-cap quality compounder stock; CVX is a large-cap income-oriented stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

Find Stocks Like These

Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform both.

Stocks Like

TPL

High-Growth Quality Leader

  • Sector: Energy
  • Market Cap > $100B
  • Revenue Growth > 10%
  • Net Margin > 36%
Run This Screen
Stocks Like

CVX

Income & Dividend Stock

  • Sector: Energy
  • Market Cap > $100B
  • Net Margin > 5%
  • Dividend Yield > 1.4%
Run This Screen
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Beat Both

Find stocks that outperform TPL and CVX on the metrics below

Revenue Growth>
%
(TPL: 20.8% · CVX: -5.3%)
Net Margin>
%
(TPL: 60.0% · CVX: 6.7%)
P/E Ratio<
x
(TPL: 60.2x · CVX: 27.9x)

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