Texas Pacific Land Corporation: stock overview

TPLNYSEEnergy · Oil Royalty Traders

Price

$291.91

November 13, 2026Market cap $20.1B

DCF calculator

What Ploutos Investor adds for Texas Pacific Land

Part of Ploutos Investor, €9.99 a month

See the plans
  • The full history: 8 fiscal years, from 2018
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

Sign in with a free account to see the last 5 fiscal years.

In short

Texas Pacific Land had revenue of $968M over the last 12 months and net income of $588M, a net margin of 60.7%. Revenue grew by 21.4% a year on average over the last 5 years. At $291.91 the shares trade at a P/E of 34.3, against a median of 40.6 over the last 5 fiscal years. It holds more cash than debt, by $370M. It pays a dividend yielding 0.80%.

From its SEC filings (latest fiscal year to December 31, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$20.1B
68.94M shares
P/E
34.3
Today34.3
Median40.6
Revenue, 12 months
$968M
+21.4% a year over 5 years
Net margin
60.7%
2025: 60.3%, above 93% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

2023–2025 fiscal years

+12.4% a year over 2 years

  • 202510-K
    Revenue$798M
  • 202410-K
    Revenue$706M
  • 202310-K
    Revenue$632M

Fiscal years in figures

TPL's revenue, profit, cash flow and dividend with each year-end price, from 2018 to 2022, 5 more fiscal years

Part of Ploutos Investor, €9.99 a month

See the plans

Sign in with a free account to see the last 5 fiscal years.

Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $19.8B
$20.1B
Enterprise value 
$19.8B
P/E 3-year median: 41.2
34.3
EV / EBIT 
27.0
EV / Revenue 
20.4
P/B 3-year median: 13.6
11.2
FCF yield 
–
Earnings yield 3-year median: 2.4%
2.9%

Profitability

Operating margin 
75.6%
Net margin 3-year median: 64.2%
60.7%
ROIC 
37.0%
ROIC, 5-year average 
41.6%
ROE 
37.4%

Growth

Revenue, yearly change 
+13.1%
EPS, yearly change 
+6.1%
FCF, yearly change 
+72.1%
Revenue, average a year 
+21.4%
EPS, average a year 
+22.5%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$370M
Total debt 
$18M
Of which operating leases 
$18M
Net cash 
$370M
Net debt / EBITDA 
-0.5x
Interest cover 
201.1x
Current ratio 
5.41

Balance sheet of September 30, 2026.

Returns to shareholders

Dividend yield 3-year median: 0.8%
0.80%
Buybacks 
0.04%
Total returned 
0.84%
Shares, yearly change 
0.0%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 67).

Operating margin

74.2%

Above 93% of the 106 companies in its industry, and 100% of all.

Net margin

60.3%

Above 93% of the 212 companies in its industry, and 99% of all.

ROE

33.0%

Above 95% of the 204 companies in its industry, and 93% of all.

ROA

29.7%

Above 99% of the 221 companies in its industry, and 99% of all.

Revenue growth

13.1%

Above 82% of the 211 companies in its industry, and 70% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
Texas Pacific Land Corp
CIK
1811074
Exchange
NYSE
Industry (SIC)
6792 · Oil Royalty Traders
Fiscal year ends
December 31
Latest annual report
December 31, 2025
Reporting currency
USD
Shares
68.94M

Other companies: Energy

The largest companies of the same sector, each with its own page.

The Energy sectorAll companies

The full analysis

What do Texas Pacific Land's filings show?

These are Texas Pacific Land's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about TPL

Didn't find what you were looking for?

Ask us
What is TPL's market cap?

Texas Pacific Land Corporation's market cap is $20.1B, at a price of $291.91 on November 13, 2026 and 68.94M shares.

What is TPL's P/E?

TPL's P/E is 34.3, on earnings per share of $8.50 over the last 12 months. The median over the last 5 fiscal years was 40.6.

How much revenue does TPL have?

Texas Pacific Land had revenue of $968M over the last 12 months. Over the last 5 years it changed by +21.4% a year on average.

Does TPL pay a dividend?

Yes. Texas Pacific Land paid $2.33 per share over the last 12 months, a yield of 0.80% at today's price. All the figures are in the Dividend section.

Where do the figures come from?

From Texas Pacific Land Corporation's SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.