Last 48 quarters of trend data · Energy · Oil & Gas Exploration & Production
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Texas Pacific Land Corporation's quarterly P/E stands at 57.3x, down 69.8% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 70.5% YoY to 41.4x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 50.95 | 57.31 | 40.34 | 132.62 | 156.89 | 189.65 | 161.38 | 143.32 | 110.58 | 87.30 | 80.06 | 99.54 | 75.66 |
| — | -69.8% | -75.0% | -7.5% | +41.9% | +117.2% | +101.6% | +44.0% | +46.2% | -23.0% | -41.0% | +25.7% | +4.1% | |
| P/S Ratio | 30.69 | 34.57 | 23.43 | 79.34 | 97.22 | 116.65 | 102.76 | 87.98 | 73.54 | 57.36 | 54.33 | 66.51 | 47.28 |
| — | -70.4% | -77.2% | -9.8% | +32.2% | +103.4% | +89.1% | +32.3% | +55.5% | -14.5% | -38.8% | +23.5% | -3.5% | |
| P/B Ratio | 16.80 | 21.05 | 13.59 | 47.11 | 56.58 | 75.81 | 67.43 | 58.05 | 42.02 | 35.59 | 34.72 | 43.57 | 34.22 |
| — | -72.2% | -79.8% | -18.8% | +34.7% | +113.0% | +94.2% | +33.2% | +22.8% | -24.9% | -50.5% | -23.7% | -36.1% | |
| P/FCF | 50.36 | 52.94 | 58.30 | 118.46 | 155.06 | 154.72 | 168.45 | 137.90 | 137.90 | 68.88 | 84.60 | 102.50 | 94.10 |
| — | -65.8% | -65.4% | -14.1% | +12.4% | +124.6% | +99.1% | +34.5% | +46.6% | -20.7% | -21.1% | +12.5% | -7.8% | |
| EV / EBITDA | 37.24 | 41.40 | 28.79 | 97.43 | 114.94 | 140.40 | 123.36 | 113.73 | 90.67 | 69.91 | 64.43 | 79.23 | 59.93 |
| — | -70.5% | -76.7% | -14.3% | +26.8% | +100.8% | +91.5% | +43.5% | +51.3% | -21.7% | -38.8% | +29.2% | +9.4% | |
| EV / EBIT | 41.17 | 44.05 | 34.24 | 103.00 | 125.89 | 151.57 | 133.28 | 118.87 | 93.35 | 71.88 | 66.29 | 81.46 | 61.80 |
| — | -70.9% | -74.3% | -13.4% | +34.9% | +110.9% | +101.0% | +45.9% | +51.1% | -22.0% | -38.5% | +29.7% | +9.8% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Texas Pacific Land Corporation's operating margin was 77.0% in Q1 2026, up 6.5 pp QoQ and up 0.4 pp YoY. The trailing four-quarter average of 74.4% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 6.9% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 100.0% | 82.1% | 136.2% | 84.5% | 88.2% | 88.2% | 89.0% | 93.2% | 89.0% | 91.8% | 92.2% | 92.3% | 91.2% |
| — | -6.9% | +53.0% | -9.3% | -0.9% | -3.9% | -3.5% | +1.0% | -2.4% | -2.2% | -2.9% | -2.4% | -4.4% | |
| Operating Margin | 74.2% | 77.0% | 70.5% | 73.4% | 76.6% | 76.6% | 76.7% | 73.4% | 77.3% | 78.1% | 80.3% | 80.4% | 74.9% |
| — | +0.5% | -8.1% | +0.1% | -0.8% | -2.0% | -4.5% | -8.7% | +3.2% | +8.9% | -1.3% | -5.2% | -13.0% | |
| Net Margin | 60.3% | 60.3% | 58.3% | 59.7% | 61.9% | 61.6% | 63.7% | 61.4% | 66.5% | 65.7% | 67.9% | 66.8% | 62.5% |
| — | -2.0% | -8.5% | -2.8% | -6.9% | -6.3% | -6.1% | -8.1% | +6.4% | +11.1% | +3.9% | -1.6% | -7.3% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 37.2% | 9.5% | 8.7% | 9.1% | 9.3% | 10.3% | 10.8% | 9.4% | 9.8% | 10.6% | 11.3% | 11.4% | 11.7% |
| — | -8.1% | -19.5% | -3.3% | -5.4% | -2.4% | -3.8% | -17.2% | -15.9% | -2.2% | -15.6% | -40.0% | -32.5% | |
| ROA | 33.5% | 8.5% | 7.8% | 8.3% | 8.4% | 9.3% | 9.8% | 8.6% | 8.9% | 9.5% | 10.1% | 10.1% | 10.3% |
| — | -8.7% | -19.8% | -3.3% | -5.4% | -2.1% | -3.5% | -15.7% | -13.3% | +0.3% | -13.4% | -37.7% | -30.0% | |
| ROIC | 42.1% | 10.2% | 10.2% | 14.0% | 14.5% | 14.9% | 16.7% | 23.0% | 33.5% | 33.8% | 31.9% | 32.3% | 34.9% |
| — | -31.4% | -39.0% | -39.2% | -56.8% | -55.8% | -47.7% | -28.9% | -4.1% | +7.7% | -7.8% | -29.5% | -27.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Texas Pacific Land Corporation's Debt/EBITDA ratio is 0.1x, down from 0.2x last quarter — comfortably within a safe range. The current ratio has weakened 40.0% YoY to 4.23x, tightening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.02 | 0.01 | 0.02 | 0.01 | — | — | 0.00 | — | — | — | 0.00 | — | — |
| — | — | +5443.5% | — | — | — | -64.3% | — | — | — | -55.6% | — | — | |
| Debt / EBITDA | 0.05 | 0.08 | 0.19 | 0.10 | — | — | 0.00 | — | — | — | 0.01 | — | — |
| — | — | +6325.9% | — | — | — | -65.4% | — | — | — | -44.7% | — | — | |
| Current Ratio | 4.40 | 4.23 | 4.40 | 9.75 | 11.64 | 7.05 | 8.33 | 9.95 | 17.16 | 11.10 | 13.68 | 11.82 | 11.29 |
| — | -40.0% | -47.2% | -2.0% | -32.2% | -36.5% | -39.1% | -15.8% | +51.9% | +19.7% | +22.7% | +21.2% | +57.6% | |
| Quick Ratio | 4.40 | 4.23 | 4.40 | 9.75 | 11.64 | 7.05 | 8.33 | 9.95 | 17.16 | 11.10 | 13.68 | 9.87 | 9.30 |
| — | -40.0% | -47.2% | -2.0% | -32.2% | -36.5% | -39.1% | +0.8% | +84.5% | +41.5% | +48.4% | +24.3% | +64.0% | |
| Interest Coverage | — | 186.04 | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying TPL stock.
Texas Pacific Land Corporation's current P/E is 50.9x. The average P/E over the last 4 quarters is 96.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Texas Pacific Land Corporation's current operating margin is 74.2%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Texas Pacific Land Corporation's business trajectory between earnings reports.