Texas Pacific Land Corporation (TPL)
NYSE: TPL · Real-Time Price · USD
402.58
+8.33 (2.11%)
At close: Jul 31, 2026, 4:00 PM EDT
404.25
+1.67 (0.41%)
After-hours: Jul 31, 2026, 7:34 PM EDT

Texas Pacific Land Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
839.03798.19705.82631.6667.42450.96
Revenue Growth
15.30%13.09%11.75%-5.37%48.00%49.05%
Gross Profit
773.73736.4652.4590.64641.11437.58
Operating Income
624.42592.16539.14486.05562.31362.39
Net Income
503.63481.38453.96405.65446.36269.98
Earnings Per Share
7.306.976.575.866.423.87
EPS Growth
9.55%6.09%12.12%-8.72%65.89%53.44%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Land and Resource Management
517.71490.73440.79432.11506.98320.39
Water Services and Operations
321.32307.46265.03199.49160.45130.57
Revenue (Total)
839.03798.19705.82631.6667.42450.96

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
247.57144.81369.84725.17510.83428.24
Total Debt
15.8416.180.451.171.961.45
Net Cash (Debt)
231.73128.63369.38724508.88426.8
Net Cash Growth
-49.67%-65.18%-48.98%42.27%19.23%52.96%
Net Cash Per Share
3.361.865.3510.477.326.12

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
551.19545.91490.67418.29447.15265.16
Capital Expenditures
-93.86-95.48-31.17-35.35-19.85-16.08
Free Cash Flow
457.33450.43459.5382.94427.3249.08
Free Cash Flow Growth
-1.06%-1.97%19.99%-10.38%71.55%25.81%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
92.22%92.26%92.43%93.52%96.06%97.03%
Operating Margin
74.42%74.19%76.38%76.96%84.25%80.36%
Pretax Margin
76.22%76.46%82.01%81.95%85.23%80.50%
Profit Margin
60.03%60.31%64.32%64.23%66.88%59.87%
FCF Margin
54.51%56.43%65.10%60.63%64.02%55.23%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
2.4002.1301.7001.4401.3331.222
Dividend Per Share Growth
13.90%25.29%18.06%8.00%9.09%-
Dividend Yield
0.60%0.75%1.37%0.83%1.37%0.88%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
55.2241.2156.1129.8240.5735.86
Forward PE
45.0336.6636.3828.7636.8724.37
P/FCF Ratio
56.2943.9655.2931.4942.2238.83
PS Ratio
33.1024.8135.9919.0927.0321.45