Texas Pacific Land Corporation(TPL)Earnings, Financials & Key Ratios

TPL•NYSE

$430.44

$29.71B mkt cap·61.8× P/E·Price updated May 6, 2026

SectorEnergy IndustryOil & Gas E&P Sub-IndustryMineral and royalty interest owners

AboutTexas Pacific Land Corporation engages in the land and resource management, and water services and operations businesses. The company's Land and Resource Management segment manages approximately 880,000 acres of land. This segment also holds own a 1/128th nonparticipating perpetual oil and gas royalty interest (NPRI) under approximately 85,000 acres of land; a 1/16th NPRI under approximately 371,000 acres of land; and approximately 4,000 additional net royalty acres located in the western part of Texas. In addition, this segment engages in easements and commercial leases activities, such as oil, gas and related hydrocarbons, power line and utility easements, and subsurface wellbore easements. Further, this segment leases its land for processing, storage, and compression facilities and roads; and is involved in sale of materials, such as caliche. Its Water Services and Operations segment provides full-service water offerings, including water sourcing, produced-water gathering/treatment, infrastructure development, disposal solutions, water tracking, analytics, and well testing services to operators in the Permian Basin. This segment also holds royalties for water sourced from its land. Texas Pacific Land Corporation was founded in 1888 and is headquartered in Dallas, Texas.Show more

Revenue$798M+13.1%
EBITDA$655M+16.0%
Net Income$481M+6.0%
EPS (Diluted)6.97+6.0%
Gross Margin100%+11.2%
EBITDA Margin82.02%+2.6%
Operating Margin74.19%-2.9%
Net Margin60.31%-6.2%
ROE37.15%-11.0%
ROIC42.43%-43.2%
Debt/Equity0.01+2671.8%

Analysis→Technical→

TPL Key Insights

Texas Pacific Land Corporation (TPL) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Company is almost debt free
✓Excellent 3Y average ROE of 41.2%
✓Strong 5Y profit CAGR of 22.3%
✓FCF machine: 60.9% free cash flow margin
✓Strong 5Y sales CAGR of 21.4%
✓Healthy 5Y average net margin of 63.1%

✗Weaknesses

✗Trading more than 30% below 52-week high
✗Expensive at 20.4x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

TPL Price & Volume

Texas Pacific Land Corporation (TPL) stock price & volume — 10-year historical chart

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TPL Growth Metrics

Texas Pacific Land Corporation (TPL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years25.96%

5 Years21.41%

3 Years6.15%

TTM12.48%

Profit CAGR

10 Years25.41%

5 Years22.28%

3 Years2.55%

TTM6.17%

EPS CAGR

10 Years26.27%

5 Years22.53%

3 Years2.78%

TTM6.26%

Return on Capital

10 Years77.56%

5 Years54.89%

3 Years47.1%

Last Year43.25%

TPL Recent Earnings

Texas Pacific Land Corporation (TPL) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 4/12 qtrs (33%)●Beat Revenue 6/12 qtrs (50%)

Q1 2026Latest

Feb 18, 2026

EPS

$1.79

Est $1.79

+0.0%

Revenue

$212M

Est $208M

+2.0%

Q4 2025

Nov 5, 2025

EPS

$1.76

Est $1.92

-8.5%

Revenue

$203M

Est $175M

+16.0%

Q3 2025

Aug 6, 2025

EPS

$1.68

Est $1.83

-8.0%

Revenue

$188M

Est $198M

-5.3%

Q2 2025

May 7, 2025

EPS

$1.75

Est $1.76

-0.4%

Revenue

$196M

Est $211M

-7.1%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q1 2026Latest	Feb 18, 2026	$1.79vs $1.79+0.0%	$212Mvs $208M+2.0%
Q4 2025	Nov 5, 2025	$1.76vs $1.92-8.5%	$203Mvs $175M+16.0%
Q3 2025	Aug 6, 2025	$1.68vs $1.83-8.0%	$188Mvs $198M-5.3%
Q2 2025	May 7, 2025	$1.75vs $1.76-0.4%	$196Mvs $211M-7.1%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	FCF Yield	Debt / Equity
VNOMViper Energy, Inc.Direct Competitor	18.74B	49.96	-104.08	56.56%	-2.88%	-0.46%		0.21
DMLPDorchester Minerals, L.P.Direct Competitor	1.3B	26.94	22.45	-5.38%	37.53%	18.79%	10.19%	0.00
BSMBlack Stone Minerals, L.P.Direct Competitor	2.91B	13.69	10.70	-3.89%	63.48%	28.82%	10.27%	0.14
NRPNatural Resource Partners L.P.Product Competitor	1.56B	117.93	11.75	-17.42%	67.28%	22.53%	10.61%	0.05
FANGDiamondback Energy, Inc.Product Competitor	58B	206.19	35.98	36.31%	2.65%	0.93%	9.03%	0.34
OXYOccidental Petroleum CorporationSupply Chain	58.85B	59.34	36.86	-20.32%	19.57%	16.57%	6.98%	0.65
CVXChevron CorporationSupply Chain	384.42B	192.66	29.06	-4.64%	6.67%	7.18%	4.32%	0.24
WTTRSelect Water Solutions, Inc.Supply Chain	1.76B	17.25	86.25	-3.08%	1.51%	2.3%		0.40

Compare TPL vs Peers

Texas Pacific Land Corporation (TPL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs VNOM

Most directly comparable listed peer for TPL.

Scale Benchmark

vs CVX

Larger-name benchmark to compare TPL against a more recognizable public peer.

Peer Set

Compare Top 5

vs VNOM, DMLP, BSM, NRP

TPL Income Statement

Texas Pacific Land Corporation (TPL) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Sales/Revenue	132.33M	300.22M	490.5M	302.55M	450.96M	667.42M	631.6M	705.82M	798.19M	772.39M
Revenue Growth %	120.87%	126.87%	63.38%	-38.32%	49.05%	48%	-5.37%	11.75%	13.09%	12.48%
Cost of Goods Sold	867K	13.75M	29.71M	32.6M	29.49M	32.89M	48.32M	71.29M	0	97.01M
COGS % of Revenue	0.66%	4.58%	6.06%	10.78%	6.54%	4.93%	7.65%	10.1%	-	-
Gross Profit	131.46M▲ 0%	286.47M▲ 117.9%	460.78M▲ 60.8%	269.95M▼ 41.4%	421.47M▲ 56.1%	634.53M▲ 50.6%	583.27M▼ 8.1%	634.54M▲ 8.8%	798.19M▲ 25.8%	675.39M▲ 0%
Gross Margin %	99.34%	95.42%	93.94%	89.22%	93.46%	95.07%	92.35%	89.9%	100%	87.44%
Gross Profit Growth %	119.59%	117.91%	60.85%	-41.41%	56.13%	50.55%	-8.08%	8.79%	25.79%	-
Operating Expenses	11.69M	25.64M	59.01M	52.7M	59.08M	72.22M	97.22M	95.4M	206.03M	89.93M
OpEx % of Revenue	8.83%	8.54%	12.03%	17.42%	13.1%	10.82%	15.39%	13.52%	25.81%	-
Selling, General & Admin	8.52M	25.64M	59.01M	52.7M	59.08M	63.49M	89.83M	34.48M	23.78M	67.54M
SG&A % of Revenue	6.44%	8.54%	12.03%	17.42%	13.1%	9.51%	14.22%	4.89%	2.98%	-
Research & Development	1	1	1	0	0	0	0	0	0	0
R&D % of Revenue	0%	0%	0%	-	-	-	-	-	-	-
Other Operating Expenses	3.17M	0	0	0	0	8.73M	7.38M	60.92M	182.25M	4M
Operating Income	119.78M▲ 0%	260.83M▲ 117.8%	401.77M▲ 54.0%	217.25M▼ 45.9%	362.39M▲ 66.8%	562.31M▲ 55.2%	486.05M▼ 13.6%	539.14M▲ 10.9%	592.16M▲ 9.8%	585.46M▲ 0%
Operating Margin %	90.51%	86.88%	81.91%	71.81%	80.36%	84.25%	76.96%	76.38%	74.19%	75.8%
Operating Income Growth %	117.55%	117.77%	54.03%	-45.93%	66.81%	55.16%	-13.56%	10.92%	9.83%	-
EBITDA	129.46M	300.22M	410.68M	231.65M	378.65M	577.68M	500.81M	564.3M	654.69M	637.53M
EBITDA Margin %	97.83%	100%	83.73%	76.56%	83.97%	86.55%	79.29%	79.95%	82.02%	82.54%
EBITDA Growth %	116.09%	131.9%	36.79%	-43.59%	63.46%	52.56%	-13.31%	12.68%	16.02%	16.33%
D&A (Non-Cash Add-back)	9.69M	39.39M	8.91M	14.39M	16.26M	15.38M	14.76M	25.16M	62.53M	52.07M
EBIT	144.98M	260.83M	399.69M	217.44M	362.51M	562.67M	486.05M	539.14M	592.92M	591.55M
Net Interest Income	84K	0	0	0	0	6.21M	28.63M	32.14M	17.97M	18.67M
Interest Income	84K	0	0	0	0	6.21M	28.63M	32.14M	17.97M	18.67M
Interest Expense	0	0	0	0	0	0	0	0	0	0
Other Income/Expense	114K	916K	2.68M	2.4M	624K	6.55M	31.51M	39.68M	18.17M	24.08M
Pretax Income	119.86M▲ 0%	261.75M▲ 118.4%	402.25M▲ 53.7%	219.66M▼ 45.4%	363.02M▲ 65.3%	568.86M▲ 56.7%	517.56M▼ 9.0%	578.82M▲ 11.8%	610.33M▲ 5.4%	609.54M▲ 0%
Pretax Margin %	90.58%	87.19%	82.01%	72.6%	80.5%	85.23%	81.95%	82.01%	76.46%	78.92%
Income Tax	43.5M	52.01M	83.53M	43.61M	93.04M	122.49M	111.92M	124.86M	128.95M	133.15M
Effective Tax Rate %	36.29%	19.87%	20.76%	19.85%	25.63%	21.53%	21.62%	21.57%	21.13%	21.84%
Net Income	76.36M▲ 0%	209.74M▲ 174.7%	318.73M▲ 52.0%	176.05M▼ 44.8%	269.98M▲ 53.4%	446.36M▲ 65.3%	405.64M▼ 9.1%	453.96M▲ 11.9%	481.38M▲ 6.0%	476.39M▲ 0%
Net Margin %	57.71%	69.86%	64.98%	58.19%	59.87%	66.88%	64.23%	64.32%	60.31%	61.68%
Net Income Growth %	105.05%	174.66%	51.97%	-44.77%	53.35%	65.33%	-9.12%	11.91%	6.04%	6.17%
Net Income (Continuing)	97.23M	209.74M	318.73M	176.05M	269.98M	446.36M	405.64M	453.96M	481.38M	476.39M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	1.38▲ 0%	2.99▲ 117.4%	4.57▲ 52.6%	2.52▼ 44.7%	3.87▲ 53.4%	6.42▲ 65.9%	5.86▼ 8.7%	6.57▲ 12.1%	6.97▲ 6.0%	6.90▲ 0%
EPS Growth %	134.66%	117.43%	52.56%	-44.74%	53.37%	65.89%	-8.67%	12.11%	6.04%	6.26%
EPS (Basic)	1.38	2.99	4.57	2.52	3.87	6.42	5.87	6.58	6.98	-
Diluted Shares Outstanding	70.69M	70.09M	69.81M	69.81M	69.77M	69.54M	69.18M	69.06M	69.03M	69.03M
Basic Shares Outstanding	70.69M	70.09M	69.81M	69.81M	69.77M	69.53M	69.18M	69.06M	68.95M	69.02M
Dividend Payout Ratio	13.99%	15.09%	14.6%	44.06%	31.58%	55.4%	24.65%	76.51%	-	-

TPL Balance Sheet

Texas Pacific Land Corporation (TPL) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Total Current Assets	98.56M	181.59M	366.64M	332.53M	526.51M	633.4M	862.46M	503.37M	319.32M	737.17M
Cash & Short-Term Investments	79.58M	119.65M	303.64M	281.05M	428.24M	510.83M	725.17M	369.83M	144.81M	531.81M
Cash Only	79.58M	119.65M	303.64M	281.05M	428.24M	510.83M	725.17M	369.83M	144.81M	531.81M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	17.77M	48.75M	62.99M	48.22M	95.22M	103.98M	128.97M	126.67M	164.91M	127.79M
Days Sales Outstanding	49.02	59.27	46.88	58.17	77.07	56.87	74.53	65.5	75.41	59.9
Inventory	1.11M	10.49M	107.08M	108.54M	109.07M	109.7M	0	0	0	0
Days Inventory Outstanding	469.41	278.49	1.32K	1.22K	1.35K	1.22K	-	-	-	-
Other Current Assets	-1.11M	-6.69M	-107.08M	-106.56M	-106.02M	-95.93M	8.32M	6.86M	9.61M	77.58M
Total Non-Current Assets	21.48M	103.48M	231.54M	239.1M	237.55M	244.03M	293.93M	744.65M	1.3B	787.74M
Property, Plant & Equipment	19.52M	89.11M	120.48M	127.39M	125.94M	133.03M	138.06M	556.14M	178.22M	557.49M
Fixed Asset Turnover	6.78x	3.37x	4.07x	2.38x	3.58x	5.02x	4.57x	1.27x	4.48x	1.39x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	21.02M	35.19M	32.85M	33.43M
Long-Term Investments	0	0	0	0	44.39M	45.02M	46.61M	432.4M	0	1.68B
Other Non-Current Assets	-5.03M	14.38M	111.06M	111.72M	67.22M	65.97M	88.24M	-279.08M	1.09B	-1.02B
Total Assets	127.46M▲ 0%	285.07M▲ 123.7%	598.18M▲ 109.8%	571.63M▼ 4.4%	764.06M▲ 33.7%	877.43M▲ 14.8%	1.16B▲ 31.8%	1.25B▲ 7.9%	1.62B▲ 30.1%	1.52B▲ 0%
Asset Turnover	1.04x	1.05x	0.82x	0.53x	0.59x	0.76x	0.55x	0.57x	0.49x	0.56x
Asset Growth %	104.09%	123.66%	109.83%	-4.44%	33.66%	14.84%	31.79%	7.92%	30.07%	51.87%
Total Current Liabilities	6.46M	12.11M	24.46M	39.55M	67.54M	56.81M	63.06M	60.4M	72.6M	75.63M
Accounts Payable	5.61M	10.51M	19.19M	13.32M	17.91M	23.44M	22.5M	26.96M	48.49M	38.55M
Days Payables Outstanding	2.36K	278.84	235.76	149.19	221.64	260.13	169.96	138.03	-	110.59
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	0	0	0	22.17M	20.45M	21.71M	25.01M	20.64M	0	81.83M
Other Current Liabilities	0	0	0	0	0	0	0	0	23.7M	0
Current Ratio	15.26x	14.99x	14.99x	8.41x	7.80x	11.15x	13.68x	8.33x	4.40x	4.40x
Quick Ratio	15.09x	14.13x	10.61x	5.66x	6.18x	9.22x	13.68x	8.33x	4.40x	4.40x
Cash Conversion Cycle	-1.84K	58.92	1.13K	1.12K	1.21K	1.01K	-	-	-	-50.69
Total Non-Current Liabilities	8.48M	28.27M	61.58M	46.9M	44.81M	47.73M	50.14M	55.16M	91.77M	81.32M
Long-Term Debt	0	0	0	0	0	0	0	0	16.18M	0
Capital Lease Obligations	0	0	3.37M	2.03M	1.45M	1.96M	1.17M	453K	0	16.96M
Deferred Tax Liabilities	114K	14.9M	40.83M	38.73M	38.95M	41.15M	42.37M	47.4M	0	196.82M
Other Non-Current Liabilities	0	0	0	2.15M	611K	131K	274K	504K	75.59M	2.2M
Total Liabilities	48.27M	40.38M	86.04M	86.45M	112.35M	104.54M	113.2M	115.56M	164.37M	156.95M
Total Debt	0	0	3.37M	2.03M	1.45M	1.96M	1.17M	453K	16.18M	16.51M
Net Debt	-79.58M	-119.65M	-300.28M	-279.02M	-426.8M	-508.88M	-724M	-369.38M	-128.63M	-515.3M
Debt / Equity	-	-	0.01x	0.00x	0.00x	0.00x	0.00x	0.00x	0.01x	0.01x
Debt / EBITDA	-	-	0.01x	0.01x	0.00x	0.00x	0.00x	0.00x	0.02x	0.03x
Net Debt / EBITDA	-0.61x	-0.40x	-0.73x	-1.20x	-1.13x	-0.88x	-1.45x	-0.65x	-0.20x	-0.20x
Interest Coverage	-	-	-	-	-	-	-	-	-	-
Total Equity	105.1M▲ 0%	244.69M▲ 132.8%	512.14M▲ 109.3%	485.18M▼ 5.3%	651.71M▲ 34.3%	772.89M▲ 18.6%	1.04B▲ 35.0%	1.13B▲ 8.6%	1.46B▲ 28.8%	1.37B▲ 0%
Equity Growth %	120.68%	132.82%	109.3%	-5.26%	34.32%	18.59%	34.97%	8.56%	28.83%	52.88%
Book Value per Share	1.49	3.49	7.34	6.95	9.34	11.11	15.08	16.40	21.14	19.82
Total Shareholders' Equity	79.19M	244.69M	512.14M	485.18M	651.71M	772.89M	1.04B	1.13B	1.46B	1.37B
Common Stock	0	0	0	0	78K	78K	78K	231K	691K	231K
Retained Earnings	0	0	0	0	668.03M	866.14M	1.17B	1.28B	1.6B	1.51B
Treasury Stock	0	0	0	0	-15.42M	-104.14M	-145M	-168.84M	-151.24M	-151.24M
Accumulated OCI	-804K	-1.08M	-1.46M	-2.69M	-1.01M	2.52M	1.83M	3.58M	4.15M	3.46M
Minority Interest	0	0	0	0	0	0	0	0	0	0

TPL Cash Flow Statement

Texas Pacific Land Corporation (TPL) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	93.83M	195.45M	342.79M	207.04M	265.16M	447.15M	418.29M	490.67M	545.91M	545.91M
Operating CF Margin %	70.91%	65.1%	69.89%	68.43%	58.8%	67%	66.23%	69.52%	68.39%	-
Operating CF Growth %	129.09%	108.3%	75.39%	-39.6%	28.08%	68.63%	-6.45%	17.3%	11.26%	73.44%
Net Income	97.23M	209.74M	318.73M	176.05M	269.98M	446.36M	405.64M	453.96M	481.38M	476.39M
Depreciation & Amortization	376K	2.58M	8.91M	14.39M	16.26M	15.38M	14.76M	25.16M	62.53M	52.07M
Stock-Based Compensation	0	0	0	0	28K	8.43M	10.34M	12.5M	15.13M	14.88M
Deferred Taxes	1.1M	14.79M	25.92M	-2.1M	220K	1.26M	1.4M	4.6M	6.55M	7.54M
Other Non-Cash Items	0	0	-22M	-1.42M	0	0	0	-4.62M	-19.68M	-4.62M
Working Capital Changes	-4.88M	-31.66M	11.23M	20.11M	-21.32M	-24.28M	-13.86M	-936K	0	12.54M
Change in Receivables	-7.63M	-29M	-9.79M	27.61M	-47.6M	-13.83M	-24.46M	-610K	0	0
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	4.94M	4.78M	7.96M	-6.29M	0	0	0	0	6.42M	0
Cash from Investing	-18.72M	-81.53M	-111.69M	-26M	-15M	-21.4M	-60.31M	-471.75M	-595.85M	-383.59M
Capital Expenditures	-18.75M	-72.18M	-37.23M	-22.03M	-15.55M	-20.87M	-18.59M	-425.27M	-59.53M	-319.37M
CapEx % of Revenue	14.17%	24.04%	7.59%	7.28%	3.45%	3.13%	2.94%	60.25%	7.46%	-
Acquisitions	0	0	0	0	0	0	0	-45M	0	-28.16M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	27K	-9.35M	-74.47M	-3.97M	551K	-527K	-41.72M	-1.48M	-536.32M	-36.07M
Cash from Financing	-44.95M	-70.05M	-50.9M	-201.66M	-104.95M	-336.81M	-144.61M	-378.09M	-176.04M	-177.33M
Debt Issued (Net)	0	0	0	0	0	0	0	0	0	0
Equity Issued (Net)	-1000K	-1000K	-1000K	0	-1000K	-1000K	-1000K	-1000K	0	-3.05M
Dividends Paid	-10.68M	-31.65M	-46.55M	-201.66M	-85.26M	-247.28M	-99.97M	-347.31M	-147.8M	-147.79M
Share Repurchases	-34.27M	-38.4M	-4.35M	0	-19.68M	-89.53M	-44.64M	-30.78M	-8.38M	-29.05M
Other Financing	0	0	0	0	0	0	0	0	-28.24M	-484K
Net Change in Cash	30.16M▲ 0%	43.87M▲ 45.4%	180.2M▲ 310.8%	-20.62M▼ 111.4%	145.22M▲ 804.2%	88.94M▼ 38.8%	213.37M▲ 139.9%	-359.17M▼ 268.3%	-225.98M▲ 37.1%	-2.11M▲ 0%
Free Cash Flow	75.08M▲ 0%	147.57M▲ 96.5%	310.58M▲ 110.5%	201.95M▼ 35.0%	249.62M▲ 23.6%	427.94M▲ 71.4%	403.26M▼ 5.8%	460.98M▲ 14.3%	486.38M▲ 5.5%	514.69M▲ 0%
FCF Margin %	56.74%	49.15%	63.32%	66.75%	55.35%	64.12%	63.85%	65.31%	60.94%	66.64%
FCF Growth %	87.8%	96.54%	110.46%	-34.98%	23.6%	71.44%	-5.77%	14.31%	5.51%	13.2%
FCF per Share	1.06	2.11	4.45	2.89	3.58	6.15	5.83	6.68	7.05	7.05
FCF Conversion (FCF/Net Income)	1.23x	0.93x	1.08x	1.18x	0.98x	1.00x	1.03x	1.08x	1.13x	1.08x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	49M	45.88M	44.44M	46.62M	68.22M	151.96M	104.08M	120.67M	0	113.89M

TPL Key Ratios

Texas Pacific Land Corporation (TPL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	100%	119.92%	84.23%	35.3%	47.49%	62.67%	44.67%	41.73%	37.15%	34.82%
Return on Invested Capital (ROIC)	757.31%	259.86%	178.88%	77.96%	126.1%	172.51%	125.01%	74.72%	42.43%	42.43%
Gross Margin	99.34%	95.42%	93.94%	89.22%	93.46%	95.07%	92.35%	89.9%	100%	87.44%
Net Margin	57.71%	69.86%	64.98%	58.19%	59.87%	66.88%	64.23%	64.32%	60.31%	61.68%
Debt / Equity	-	-	0.01x	0.00x	0.00x	0.00x	0.00x	0.00x	0.01x	0.01x
FCF Conversion	1.23x	0.93x	1.08x	1.18x	0.98x	1.00x	1.03x	1.08x	1.13x	1.08x
Revenue Growth	120.87%	126.87%	63.38%	-38.32%	49.05%	48%	-5.37%	11.75%	13.09%	12.48%

TPL SEC Filings & Documents

Texas Pacific Land Corporation (TPL) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 9, 2026·SEC

Material company update

Feb 18, 2026·SEC

Material company update

Dec 17, 2025·SEC

10-K Annual Reports

FY 2026

Feb 18, 2026·SEC

10-Q Quarterly Reports

FY 2025

Nov 5, 2025·SEC

TPL Frequently Asked Questions

Texas Pacific Land Corporation (TPL) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Texas Pacific Land Corporation (TPL) reported $772.4M in revenue for fiscal year 2025. This represents a 8901% increase from $8.6M in 1996.

Texas Pacific Land Corporation (TPL) grew revenue by 13.1% over the past year. This is steady growth.

Yes, Texas Pacific Land Corporation (TPL) is profitable, generating $476.4M in net income for fiscal year 2025 (60.3% net margin).

Dividend & Returns

Yes, Texas Pacific Land Corporation (TPL) pays a dividend with a yield of 0.50%. This makes it attractive for income-focused investors.

Texas Pacific Land Corporation (TPL) has a return on equity (ROE) of 37.2%. This is excellent, indicating efficient use of shareholder capital.

Texas Pacific Land Corporation (TPL) generated $514.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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