Texas Pacific Land TPL Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Operating margin | 74.4%-1.6pp | 74.2%-2.2pp | 75.8%-1.4pp | 75.9%-3.1pp | 76%-2.4pp | |
| Net margin | 60%-3.2pp | 60.3%-4.0pp | 61.7%-3.7pp | 62.2%-4.6pp | 63.2%-2.5pp | |
| EBITDA margin | 82.1%+1.5pp | 82%+2.1pp | 82.5%+2.7pp | 81.7%+0.4pp | 80.6%-0.1pp | |
| Returns | ||||||
| Return on equity | 36.5%-3.1pp | 37.2%-4.6pp | 39.4%-5.1pp | 37%-5.8pp | 39.5%-4.9pp | |
| Return on assets | 32.4%-2.8pp | 33.5%-4.2pp | 35.3%-4.5pp | 33.9%-4.7pp | 35.2%-3.9pp | |
| Efficiency | ||||||
| Asset turnover | 0.5×0.0× | 0.6×0.0× | 0.6×0.0× | 0.5×0.0× | 0.6×0.0× | |
| Liquidity | ||||||
| Current ratio | 4.2×-3.6× | 4.4×-6.4× | 10.9×-1.5× | 14.8×-8.2× | 7.8×-5.8× | |
| Quick ratio | 4.2×-3.6× | 4.4×-6.4× | 10.9×-1.5× | 14.8×-8.2× | 7.8×-5.8× | |
| Cash ratio | 2.4×-3.5× | 2×-6.0× | 7.8×-1.5× | 12.1×-8.2× | 6×-5.9× | |
| Leverage | ||||||
| Debt-to-equity | 0×— | 0×0.0× | 0×— | —— | —— | |
| Debt-to-assets | 0×— | 0×0.0× | 0×— | —— | —— | |
| Net debt / EBITDA | -0.3×— | -0.2×+0.5× | -0.8×— | —— | —— | |
| Per Share | ||||||
| Book value per share | $22.55+29.0% | $21.14+28.9% | $59.45+30.0% | $56.01+6.8% | $17.48-64.2% | |
| Valuation | ||||||
| Market capitalization | $32.72B+7.4% | $19.8B-22.1% | $21.45B+5.5% | $24.37B+44.3% | $30.45B+129% | |
| Enterprise value | $32.49B— | $19.67B-21.4% | $20.94B— | —— | —— | |
| Price / earnings | 65×-1.2× | 41.1×-14.8× | 45×-0.3× | 52.8×+15.1× | 66.2×+35.5× | |
| Price / sales | 39×-2.9× | 24.8×-11.2× | 27.8×-1.8× | 32.8×+7.6× | 41.9×+21.7× | |
| Price / book | 21×-4.2× | 13.6×-8.9× | 15.7×-3.6× | 18.9×+4.9× | 25.2×+13.4× | |
| EV / EBITDA | 47.1×— | 30×-14.3× | 32.8×— | —— | —— | |
| EV / sales | 38.7×— | 24.6×-10.8× | 27.1×— | —— | —— | |
| Earnings yield | 1.5%0.0pp | 2.4%+0.6pp | 2.2%0.0pp | 1.9%-0.8pp | 1.5%-1.7pp | |
| Dividend yield | 0.5%-0.7pp | 0.7%-0.6pp | 0.7%-1.0pp | 1.5%+0.9pp | 1.2%+0.4pp | |
| PEG ratio | 6.9×-3.9× | 6.8×+2.1× | 7.3×+4.2× | 16.8×+11.8× | 10.7×— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- Where do Texas Pacific Land's ratios come from?
- Every ratio is computed from Texas Pacific Land's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
