What is Texas Pacific Land's EV / sales?

Texas Pacific Land (TPL) reported EV / sales of 38.7× in Q1 2026.

What does EV / sales mean?

What the whole business costs relative to its annual sales.

How do you interpret EV / sales?

A fallback valuation gauge for pre-profit or cyclical firms. Like P/S, only comparable across similar-margin businesses, but it accounts for debt and cash unlike P/S.

How does EV / sales compare across companies?

Compare within a margin cohort; the debt-and-cash adjustment makes it cleaner than P/S for leveraged firms.

Texas Pacific Land TPL EV / sales

EV / sales at other companies

Permian ResourcesPR

4.1×+1.5×

Devon EnergyDVN

2.4×+0.4×

Williams CompaniesWMB

8.8×+2.7×

Enterprise Products PartnersEPD

2.2×+0.4×

Atmos EnergyATO

8.2×+1.0×

HalliburtonHAL

1.7×+0.5×

Other financials

Income statement

See full

Revenue$236.8M+20.8%

Operating income$182.3M+21.5%

Net income$142.9M+18.4%

EPS (diluted)$2.07+18.3%

Balance sheet

See full

Cash & equivalents$248.2M-46.5%

Total debt$18.0M—

Total equity$1.6B+29.0%

Total assets$1.8B+29.4%

Cash flow

See full

Operating cash flow$162.0M+3.4%

Valuation

See full

Market cap$24.49B+7.4%

Enterprise value$24.26B—

P/E48.6×-0.9×

P/S29.2×-2.1×

Profitability

See full

Operating margin74.4%-1.6pp

Net margin60%-3.2pp

Returns & leverage

See full

Return on equity36.5%-3.1pp

Debt / equity0×—

Current ratio4.2×-3.6×

Where this comes from

Calculated from Texas Pacific Land’s reported figures.

enterprise value/total revenue=38.7×

Based on the most recent quarter.

The official record: Texas Pacific Land’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Texas Pacific Land's EV / sales?: Texas Pacific Land (TPL) reported EV / sales of 38.7× in Q1 2026.
What does EV / sales mean?: What the whole business costs relative to its annual sales.
How do you interpret EV / sales?: A fallback valuation gauge for pre-profit or cyclical firms. Like P/S, only comparable across similar-margin businesses, but it accounts for debt and cash unlike P/S.
How does EV / sales compare across companies?: Compare within a margin cohort; the debt-and-cash adjustment makes it cleaner than P/S for leveraged firms.