Oil & Gas Exploration & Production
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TPL vs VNOM
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Midstream
TPL vs VNOM — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Oil & Gas Exploration & Production | Oil & Gas Midstream |
| Market Cap | $28.94B | $17.89B |
| Revenue (TTM) | $839M | $1.60B |
| Net Income (TTM) | $504M | $-46M |
| Gross Margin | 74.5% | 46.3% |
| Operating Margin | 74.4% | 43.1% |
| Forward P/E | 43.9x | 21.1x |
| Total Debt | $32M | $2.19B |
| Cash & Equiv. | $145M | $13M |
TPL vs VNOM — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Texas Pacific Land … (TPL) | 100 | 214.7 | +114.7% |
| Viper Energy, Inc. (VNOM) | 100 | 454.7 | +354.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: TPL vs VNOM
Each card shows where this stock fits in a portfolio — not just who wins on paper.
TPL is the clearest fit if your priority is income & stability and long-term compounding.
- Dividend streak 0 yrs, beta 0.31, yield 0.5%
- 7.8% 10Y total return vs VNOM's 247.5%
- Lower volatility, beta 0.31, Low D/E 2.2%, current ratio 4.40x
VNOM carries the broadest edge in this set and is the clearest fit for growth exposure.
- Rev growth 56.6%, EPS growth -112.6%, 3Y rev CAGR 15.8%
- 56.6% revenue growth vs TPL's 13.1%
- Lower P/E (21.1x vs 43.9x)
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 56.6% revenue growth vs TPL's 13.1% | |
| Value | Lower P/E (21.1x vs 43.9x) | |
| Quality / Margins | 60.0% margin vs VNOM's -2.9% | |
| Stability / Safety | Beta 0.31 vs VNOM's 0.38, lower leverage | |
| Dividends | 4.8% yield, vs TPL's 0.5% | |
| Momentum (1Y) | +24.8% vs TPL's -68.4% | |
| Efficiency (ROA) | 32.0% ROA vs VNOM's -0.4%, ROIC 42.1% vs 5.0% |
TPL vs VNOM — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
TPL vs VNOM — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
TPL leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
VNOM is the larger business by revenue, generating $1.6B annually — 1.9x TPL's $839M. TPL is the more profitable business, keeping 60.0% of every revenue dollar as net income compared to VNOM's -2.9%. On growth, VNOM holds the edge at +102.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $839M | $1.6B |
| EBITDAEarnings before interest/tax | $689M | $1.4B |
| Net IncomeAfter-tax profit | $504M | -$46M |
| Free Cash FlowCash after capex | $493M | -$4.4B |
| Gross MarginGross profit ÷ Revenue | +74.5% | +46.3% |
| Operating MarginEBIT ÷ Revenue | +74.4% | +43.1% |
| Net MarginNet income ÷ Revenue | +60.0% | -2.9% |
| FCF MarginFCF ÷ Revenue | +58.8% | -2.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | +20.8% | +102.4% |
| EPS Growth (YoY)Latest quarter vs prior year | +18.5% | -14.5% |
Valuation Metrics
VNOM leads this category, winning 5 of 5 comparable metrics.
Valuation Metrics
On an enterprise value basis, VNOM's 16.9x EV/EBITDA is more attractive than TPL's 44.0x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $28.9B | $17.9B |
| Enterprise ValueMkt cap + debt − cash | $28.8B | $20.1B |
| Trailing P/EPrice ÷ TTM EPS | 60.22x | -99.36x |
| Forward P/EPrice ÷ next-FY EPS est. | 43.91x | 21.06x |
| PEG RatioP/E ÷ EPS growth rate | 2.67x | — |
| EV / EBITDAEnterprise value multiple | 44.03x | 16.92x |
| Price / SalesMarket cap ÷ Revenue | 36.25x | 13.29x |
| Price / BookPrice ÷ Book value/share | 19.86x | 0.66x |
| Price / FCFMarket cap ÷ FCF | 59.50x | — |
Profitability & Efficiency
TPL leads this category, winning 9 of 9 comparable metrics.
Profitability & Efficiency
TPL delivers a 35.5% return on equity — every $100 of shareholder capital generates $36 in annual profit, vs $-0 for VNOM. TPL carries lower financial leverage with a 0.02x debt-to-equity ratio, signaling a more conservative balance sheet compared to VNOM's 0.21x. On the Piotroski fundamental quality scale (0–9), TPL scores 5/9 vs VNOM's 3/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +35.5% | -0.5% |
| ROA (TTM)Return on assets | +32.0% | -0.4% |
| ROICReturn on invested capital | +42.1% | +5.0% |
| ROCEReturn on capital employed | +43.3% | +6.6% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 3 |
| Debt / EquityFinancial leverage | 0.02x | 0.21x |
| Net DebtTotal debt minus cash | -$112M | $2.2B |
| Cash & Equiv.Liquid assets | $145M | $13M |
| Total DebtShort + long-term debt | $32M | $2.2B |
| Interest CoverageEBIT ÷ Interest expense | 446.42x | 2.67x |
Total Returns (Dividends Reinvested)
VNOM leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in VNOM five years ago would be worth $31,488 today (with dividends reinvested), compared to $8,145 for TPL. Over the past 12 months, VNOM leads with a +24.8% total return vs TPL's -68.4%. The 3-year compound annual growth rate (CAGR) favors VNOM at 26.2% vs TPL's -2.6% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +41.1% | +24.3% |
| 1-Year ReturnPast 12 months | -68.4% | +24.8% |
| 3-Year ReturnCumulative with dividends | -7.5% | +100.8% |
| 5-Year ReturnCumulative with dividends | -18.5% | +214.9% |
| 10-Year ReturnCumulative with dividends | +777.4% | +247.5% |
| CAGR (3Y)Annualised 3-year return | -2.6% | +26.2% |
Risk & Volatility
Evenly matched — TPL and VNOM each lead in 1 of 2 comparable metrics.
Risk & Volatility
TPL is the less volatile stock with a 0.31 beta — it tends to amplify market swings less than VNOM's 0.38 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. VNOM currently trades 93.3% from its 52-week high vs TPL's 29.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.31x | 0.38x |
| 52-Week HighHighest price in past year | $1432.18 | $51.13 |
| 52-Week LowLowest price in past year | $280.95 | $35.10 |
| % of 52W HighCurrent price vs 52-week peak | +29.3% | +93.3% |
| RSI (14)Momentum oscillator 0–100 | 43.3 | 63.5 |
| Avg Volume (50D)Average daily shares traded | 474K | 2.9M |
Analyst Outlook
VNOM leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates TPL as "Buy" and VNOM as "Buy". Consensus price targets imply 52.2% upside for TPL (target: $639) vs 13.6% for VNOM (target: $54). For income investors, VNOM offers the higher dividend yield at 4.83% vs TPL's 0.51%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $639.00 | $54.20 |
| # AnalystsCovering analysts | 5 | 42 |
| Dividend YieldAnnual dividend ÷ price | +0.5% | +4.8% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | $2.14 | $2.30 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.1% | +1.1% |
VNOM leads in 3 of 6 categories (Valuation Metrics, Total Returns). TPL leads in 2 (Income & Cash Flow, Profitability & Efficiency). 1 tied.
TPL vs VNOM: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is TPL or VNOM a better buy right now?
For growth investors, Viper Energy, Inc.
(VNOM) is the stronger pick with 56. 6% revenue growth year-over-year, versus 13. 1% for Texas Pacific Land Corporation (TPL). Texas Pacific Land Corporation (TPL) offers the better valuation at 60. 2x trailing P/E (43. 9x 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.
02Which has the better valuation — TPL or VNOM?
On forward P/E, Viper Energy, Inc.
is actually cheaper at 21. 1x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — TPL or VNOM?
Over the past 5 years, Viper Energy, Inc.
(VNOM) delivered a total return of +214. 9%, compared to -18. 5% for Texas Pacific Land Corporation (TPL). Over 10 years, the gap is even starker: TPL returned +777. 4% versus VNOM's +247. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — TPL or VNOM?
By beta (market sensitivity over 5 years), Texas Pacific Land Corporation (TPL) is the lower-risk stock at 0.
31β versus Viper Energy, Inc. 's 0. 38β — meaning VNOM is approximately 21% more volatile than TPL relative to the S&P 500. On balance sheet safety, Texas Pacific Land Corporation (TPL) carries a lower debt/equity ratio of 2% versus 21% for Viper Energy, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — TPL or VNOM?
By revenue growth (latest reported year), Viper Energy, Inc.
(VNOM) is pulling ahead at 56. 6% versus 13. 1% for Texas Pacific Land Corporation (TPL). On earnings-per-share growth, the picture is similar: Texas Pacific Land Corporation grew EPS 6. 0% year-over-year, compared to -112. 6% for Viper Energy, Inc.. Over a 3-year CAGR, VNOM leads at 15. 8% 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.
06Which has better profit margins — TPL or VNOM?
Texas Pacific Land Corporation (TPL) is the more profitable company, earning 60.
3% net margin versus -5. 1% for Viper Energy, Inc. — 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 43. 0% for VNOM. 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.
07Is TPL or VNOM more undervalued right now?
On forward earnings alone, Viper Energy, Inc.
(VNOM) trades at 21. 1x forward P/E versus 43. 9x for Texas Pacific Land Corporation — 22. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for TPL: 52. 2% to $639. 00.
08Which pays a better dividend — TPL or VNOM?
All stocks in this comparison pay dividends.
Viper Energy, Inc. (VNOM) offers the highest yield at 4. 8%, versus 0. 5% for Texas Pacific Land Corporation (TPL).
09Is TPL or VNOM 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%, VNOM: +247. 5%), 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.
10What are the main differences between TPL and VNOM?
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; VNOM is a mid-cap high-growth 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.
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