Texas Pacific Land Corp is mainly engaged in the sales and leases of land owned, retaining oil and gas royalties, and the overall management of the land owned. The group operates its business in two reportable segments: Land and Resource Management and Water Service and Operations.
It is a $25.0B financial services company. Revenue grew 20.8% over the last year, and it keeps 60¢ of every dollar of sales as profit. It trades at 46.0× earnings — around the middle of its own history.
- Website
- texaspacific.com
- Location
- Dallas, TX
- Employees
- 114
- Sector
- Financial Services
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong growth, profitability, health and moat; Valuation lags behind.
Valuation15
- P/E vs own history60th pct · 5/25
- FCF yield2.1% · 5/25
- P/S27.7x · 0/25
- EV/EBITDA33.3x · 5/25
Growth85
- Revenue CAGR15.3% · 20/25
- Net income CAGR15.6% · 20/25
- EPS CAGR ~5Y22.6% · 25/25
- Fwd implied growth29.8% · 20/25
Profitability100
- ROIC36.1% · 25/25
- ROE35.8% · 25/25
- Net margin60.3% · 25/25
- Operating margin74.9% · 25/25
Health100
- Altman Z82.62 · 25/25
- Current ratio4.55 · 25/25
- Interest coverage885.5x · 25/25
- Net cash / debtNet cash · 25/25
Quality69
- Piotroski F4/9 · 10/25
- Beneish M-5.72 · 25/25
- FCF conversion97% · 22/25
- Margin stabilityσ 9.8% · 12/25
Moat100
- ROIC >12% years6/6 yrs · 25/25
- Median gross margin76.7% · 25/25
- FCF-positive years5/5 yrs · 25/25
- Worst-year net marginworst 58.2% · 25/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- Q3 2026Insiders15 open-market insider purchases~22 shares bought by insiders
- FY2025FinancialBest year on record$481M net income
- FY2020FinancialProfitable every year on record6 consecutive profitable years in our data
- FY2020FinancialPositive free cash flow every year since6-year streak
- 1980AcquisitionBetween 1980 and 1995, TPL bought back stock more quickly than it sold land, reducing its outstanding shares by 34%…
- 1888ProductTexas Pacific Land Holdings was created in 1888 in the wake of the Texas and Pacific Railway bankruptcy
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (93.3%)
- Strongly profitable — 60.3% net margin
- Revenue growing 20.8% year over year
- Strong cash conversion — FCF is 58.7% of revenue
- Net cash position after subtracting debt from cash
Watch-outs
Nothing stands out as a concern in the available data.
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+20.8% YoY
- Profitable — makes more than it spends$541M TTM
- Profit growing — earnings are higher than last year+2.8% YoY
- Generates cash — cash left after running and investing$527M TTM
- Debt under control — could handle its obligationsmore cash than debt
- Established company — not a micro-cap — lower blow-up risk$25.0B market cap
- Not printing shares — share count not ballooning — you keep your slice-1.1% shares over ~5y
- Proven track record — years of profitability behind it6/6 profitable years
- Financially stable — balance sheet not near distressAltman Z 82.6 — safe
- Pays a dividend — returns cash to shareholdersyield 0.63%
- Valuation not extreme — price not wildly above earningsP/E 46.0
Peer comparisonTexas Pacific Land Corporation vs 6 largest financial services peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| TPL this company | $25.0B | 46.0 | +20.8% | 60.3% | Strong |
| BRK.A Berkshire Hathaway Inc. | $1.1T | 11.6 | +3.9% | 22.3% | Mixed |
| BRK.B Berkshire Hathaway | $1.1T | 11.6 | +0.0% | 18.0% | Strong |
| JPM JPMorgan Chase & Co. | $886.2B | 13.6 | +13.5% | 32.6% | Strained |
| V VISA Inc. | $723.9B | 31.9 | +14.4% | 50.8% | Solid |
| MA Mastercard Incorporated | $516.4B | 31.7 | +16.0% | 46.3% | Mixed |
| BAC Bank of America Corporation | $380.4B | 11.3 | +15.9% | 27.8% | Mixed |
Head-to-head: TPL vs BRK.A · TPL vs BRK.B · TPL vs JPM
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2020–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/TPL
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of TPL on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $362.00 · market cap $25.0B.