Texas Pacific Land
TPL
345.79
-9.37
-2.64%
Texas Pacific Land
US · TPL
#854 by market cap
Listed 1970
345.79
-9.37
-2.64%
Live - 5344 symbols - heartbeat 437s ago
· 2026-10-08 07:39
Pre-market
345.79
0.00%
After-hours
345.79
0.00%
Overnight
346.00
+0.06%
- Market cap
- 23.85B
- P/E (TTM)i
- 44.11
- P/Bi
- 14.26
- EPSi
- 6.97
- Div yieldi
- 0.66%
- 52W posi
- 28%
Reader sentiment
Are you bullish or bearish on TPL?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 90.32, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +13.09% YoY
Margins
- Gross margin
- 85.46%
- Operating margin
- 74.19%
- Net margin
- 60.31%
Key ratios & quality
- PEG ratioi
- 17.30
- Altman Z-Scorei
- 90.32
PEG uses trailing P/E against the 3-year net income growth rate (2.55%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 300.22M | 490.50M | 302.56M | 450.96M | 667.42M | 631.60M | 705.82M | 798.19M |
| Gross profit | 286.45M | 460.56M | 269.96M | 421.47M | 634.58M | 583.27M | 634.54M | 682.13M |
| Selling & admin expenses | 25.62M | 60.98M | 52.70M | 58.93M | 63.42M | 89.83M | 88.10M | 81.71M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 260.83M | 399.57M | 217.26M | 362.39M | 562.31M | 486.05M | 539.14M | 592.16M |
| Pretax profit | 261.75M | 402.26M | 219.66M | 363.02M | 568.86M | 517.56M | 578.82M | 610.33M |
| Tax | 52.01M | 83.53M | 43.61M | 93.04M | 122.49M | 111.92M | 124.86M | 128.95M |
| Net profit | 209.74M | 318.73M | 176.05M | 269.98M | 446.36M | 405.65M | 453.96M | 481.38M |
| Basic EPS | 3 | 5 | 3 | 4 | 6 | 6 | 7 | 7 |
| Diluted EPS | 2.99 | 4.57 | 2.52 | 3.87 | 6.42 | 5.86 | 6.57 | 6.97 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 195.98M | 187.54M | 203.09M | 211.58M | 236.82M | 246.06M |
| Gross profit | 172.92M | 165.39M | 171.69M | 172.13M | 208.49M | 217.85M |
| Selling & admin expenses | 20.64M | 19.77M | 19.98M | 21.32M | 23.62M | 23.57M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 150.07M | 143.75M | 149.09M | 149.25M | 182.33M | 191.82M |
| Pretax profit | 154.39M | 148.99M | 155.18M | 151.77M | 183.56M | 193.70M |
| Tax | 33.74M | 32.85M | 33.94M | 28.42M | 40.66M | 39.77M |
| Net profit | 120.65M | 116.14M | 121.24M | 123.35M | 142.90M | 153.93M |
| Basic EPS | 2 | 2 | 2 | 2 | 2 | 2 |
| Diluted EPS | 1.75 | 1.68 | 1.76 | 1.79 | 2.07 | 2.23 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 181.59M | 366.64M | 332.53M | 526.51M | 633.40M | 862.46M | 503.37M | 319.32M |
| Cash & ST investments | 119.65M | 303.65M | 281.05M | 428.24M | 510.83M | 725.17M | 369.84M | 144.81M |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 285.08M | 598.18M | 571.64M | 764.06M | 877.43M | 1.16B | 1.25B | 1.62B |
| Total current liabilities | 12.11M | 24.46M | 39.55M | 67.54M | 56.82M | 63.06M | 60.40M | 73.57M |
| Short-term debt | -- | -- | -- | -- | -- | -- | -- | -- |
| Long-term debt | -- | -- | -- | -- | -- | -- | -- | -- |
| Total liabilities | 40,384,000.00 | 86,039,000.00 | 86,451,000.00 | 112,353,000.00 | 104,540,000.00 | 113,202,000.00 | 115,555,000.00 | 164,371,000.00 |
| Total equity | 244.69M | 512.14M | 485.18M | 651.71M | 772.89M | 1.04B | 1.13B | 1.46B |
| Retained earnings | -- | -- | 0 | 668.03M | 866.14M | 1.17B | 1.28B | 1.60B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 606.92M | 667.50M | 737.17M | 319.32M | 435.09M | 428.44M |
| Cash & ST investments | 460.38M | 543.93M | 531.81M | 144.81M | 247.57M | 248.61M |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 1.35B | 1.40B | 1.52B | 1.62B | 1.75B | 1.86B |
| Total current liabilities | 86.15M | 57.34M | 75.63M | 73.57M | 102.93M | 93.18M |
| Short-term debt | -- | -- | -- | -- | -- | -- |
| Long-term debt | -- | -- | -- | -- | -- | -- |
| Total liabilities | 147,035,000.00 | 115,720,000.00 | 156,950,000.00 | 164,371,000.00 | 195,507,000.00 | 187,076,000.00 |
| Total equity | 1.21B | 1.29B | 1.37B | 1.46B | 1.56B | 1.67B |
| Retained earnings | 1.35B | 1.42B | 1.51B | 1.60B | 1.68B | 1.79B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 195.45M | 342.79M | 207.04M | 265.16M | 447.15M | 418.29M | 490.67M | 545.91M |
| Depreciation & amortization | 2.58M | 8.91M | 14.40M | 16.26M | 15.38M | 14.76M | 25.16M | 62.53M |
| Free cash flow | 123.27M | 305.56M | 185.01M | 249.62M | 426.28M | 378.29M | 65.40M | 32.14M |
| Dividends paid | -31.65M | -46.55M | -201.66M | -85.26M | -247.28M | -99.97M | -347.31M | -147.80M |
| Stock buybacks / issuance | -38.40M | -4.35M | 0 | -19.68M | -87.77M | -42.57M | -29.16M | -8.38M |
| Ending cash balance | 123.45M | 303.65M | 283.02M | 428.24M | 517.18M | 730.55M | 371.38M | 145.40M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 156.73M | 120.90M | 154.61M | 113.67M | 162.01M | 172.86M |
| Depreciation & amortization | 11.94M | 13.70M | 14.96M | 21.93M | 14.04M | 16.64M |
| Free cash flow | 144.21M | 117.59M | 136.01M | -365.68M | 154.66M | 151.01M |
| Dividends paid | -37.43M | -36.78M | -36.82M | -36.77M | -41.80M | -41.39M |
| Stock buybacks / issuance | -100.00K | 0 | -8.28M | 0 | 0 | 0 |
| Ending cash balance | 463.80M | 543.93M | 531.81M | 145.40M | 248.17M | 248.61M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 129.51 | 84.23 | 35.30 | 47.49 | 62.67 | 44.67 | 41.73 | 37.15 |
| ROA %i | 101.68 | 72.17 | 30.10 | 40.43 | 54.38 | 39.89 | 37.76 | 33.53 |
| ROIC %i | 129.51 | 83.48 | 35.09 | 47.32 | 62.52 | 44.60 | 39.39 | 35.87 |
| 5-year avg ROE %i | 126.36 | 112.06 | 91.48 | 82.86 | 69.92 | 54.87 | 46.37 | 46.74 |
| EBIT margin %i | 86.88 | 81.46 | 71.81 | 80.36 | 84.25 | 76.96 | 76.38 | 76.55 |
| FCF / sales %i | 39.79 | 62.30 | 61.15 | 55.35 | 63.87 | 59.89 | 9.27 | 4.03 |
| Current ratioi | 14.99 | 14.99 | 8.41 | 7.80 | 11.15 | 13.68 | 8.33 | 4.34 |
| Quick ratioi | 13.90 | 14.99 | 8.33 | 7.75 | 10.82 | 13.54 | 8.22 | 4.21 |
| Debt / assetsi | 0.00 | 0.56 | 0.35 | 0.19 | 0.22 | 0.10 | 0.04 | 1.00 |
| LT debt / equityi | -- | 0.66 | 0.42 | 0.22 | 0.25 | 0.11 | 0.04 | 1.11 |
| Interest coveragei | -- | -- | -- | -- | -- | -- | -- | 885.53 |
| Revenue CAGR (3Y) %i | 55.78 | 95.04 | 25.08 | 14.52 | 10.81 | 27.80 | 16.11 | 6.15 |
| Net income CAGR (3Y) %i | 61.23 | 96.09 | 21.88 | 8.78 | 11.88 | 32.08 | 18.91 | 2.55 |
| FCF CAGR (3Y) %i | 35.69 | 96.98 | 35.07 | 26.51 | 11.74 | 26.93 | -36.01 | -57.76 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 39.52 | 37.01 | 39.37 | 37.15 | 36.47 | 36.57 |
| ROA %i | 35.23 | 33.95 | 35.28 | 33.53 | 32.44 | 33.17 |
| ROIC %i | 37.74 | 35.71 | 37.65 | 35.87 | 35.27 | 35.65 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 76.02 | 75.88 | 75.80 | 76.55 | 76.42 | 76.53 |
| FCF / sales %i | 8.88 | 12.15 | 30.54 | 4.03 | 5.08 | 8.47 |
| Current ratioi | 7.05 | 11.64 | 9.75 | 4.34 | 4.23 | 4.60 |
| Quick ratioi | 6.95 | 11.48 | 8.72 | 4.21 | 4.16 | 4.54 |
| Debt / assetsi | -- | -- | 1.08 | 1.00 | 0.90 | 0.83 |
| LT debt / equityi | -- | -- | 1.21 | 1.11 | 1.02 | 0.93 |
| Interest coveragei | -- | -- | -- | 885.53 | 381.20 | 258.70 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Lead segment, long tail
- Land and resource management (LRM) is the largest reported line at 66.60% of revenue, across 2 reported segments.
- Water services and operations (WSO) follows at 33.40%, so the top line still matters most but isn’t the whole story.
Revenue breakdown most recent period
Business
Land and resource management (LRM)66.60%
Water services and operations (WSO)33.40%
Quote time 2026-10-08 07:39:15 · For reference only, not investment advice and not tailored to your situation.