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Texas Pacific Land Corporation

Texas Pacific Land Corporation’s revenue for fiscal 2025 (year ended December 2025) was $798.2 million, up 13.1% from fiscal 2024.

Revenue: +34.6%
EPS: +38.3%
Free cash flow: +84.0%

Quarter to September 2026, against a year earlier

273.41 1.23 +0.45%

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Market cap: $18.8B
P/E: 32.3×
Fwd P/E: 35.9×
Dividend yield: 0.85%
F-score: 5/9
Altman Z: 75.56
Beneish M: −2.25
Dividend safety: 77/100

Overview Business Profile Earnings & Analysis Valuation Filings

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
Piotroski F-Score Full definition →	5	6	4	6	6	7	7	6	5	5
P/E ratio Full definition →	56.57	43.78	20.13	18.88	32.03	35.85	36.38	30.39	56.00	41.15
Altman Z-Score Full definition →	—	—	—	—	42.77	55.87	108.96	68.23	135.87	75.56
P/S ratio Full definition →	36.21	23.40	14.05	12.35	18.64	21.47	24.33	19.52	36.02	24.81
Altman Z″-Score (non-manufacturers) Full definition →	—	—	—	—	14.83	16.46	19.71	20.52	19.00	16.06
P/FCF ratio Full definition →	59.84	48.17	30.51	25.66	28.48	38.70	37.99	32.19	55.32	43.97
P/Operating CF Full definition →	221.31	129.35	65.27	103.45	124.81	106.79	122.53	110.61	200.84	174.22
Beneish M-Score Full definition →	9.34	(2.12)	1.80	(2.55)	(2.70)	(1.78)	(2.24)	(2.30)	(0.88)	(2.25)
Dividend Safety Score Full definition →	—	—	—	—	—	—	—	—	—	77
P/B ratio Full definition →	50.26	34.43	17.24	11.83	11.62	14.85	21.01	11.82	22.45	13.57
Price to Tangible BV Full definition →	50.26	34.43	17.24	11.83	12.83	15.94	22.31	12.06	23.17	13.89
EV/Sales Full definition →	35.46	22.88	13.65	11.73	17.71	20.52	23.56	18.37	35.49	24.63
EV/EBITDA Full definition →	37.24	24.35	15.56	14.09	23.13	24.44	27.22	23.16	44.39	30.02
EV/Operating CF Full definition →	57.23	37.71	20.97	16.79	25.88	34.89	35.17	27.73	51.06	36.01
EV/FCF Full definition →	58.61	47.11	29.65	24.38	27.06	36.99	36.79	30.29	54.52	43.64
Quick Ratio Full definition →	67.68	17.36	16.03	19.10	21.28	28.27	26.08	37.50	18.08	7.74
Current Ratio Full definition →	67.68	17.36	16.03	19.10	21.28	28.27	26.08	37.50	18.08	7.74
Net Debt/EBITDA Full definition →	(0.78)	(0.55)	(0.45)	(0.74)	(1.21)	(1.13)	(0.88)	(1.45)	(0.66)	(0.22)
Debt/Assets Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Debt/Equity Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Asset Turnover Full definition →	1.17	1.69	1.48	1.11	0.52	0.68	0.81	0.62	0.59	0.56
Operating CF/Net income Full definition →	0.97	0.97	0.93	1.08	1.18	0.98	1.00	1.03	1.08	1.13
Capex/Depreciation Full definition →	(22.30)	(49.79)	(22.16)	(11.98)	(0.63)	(0.92)	(1.28)	(3.85)	(1.24)	(1.52)
Interest Coverage Full definition →	2,161.89	—	—	—	—	—	—	—	—	858.20
ROE Full definition →	90.61%	127.33%	119.92%	84.23%	35.30%	47.49%	62.66%	44.67%	41.73%	37.15%
ROA Full definition →	74.90%	106.56%	103.55%	72.17%	30.10%	40.43%	54.38%	39.89%	37.76%	33.53%
ROIC Full definition →	0.00%	355.01%	130.37%	119.78%	66.52%	101.35%	134.11%	95.52%	44.18%	28.16%
Return on Tangible Assets Full definition →	73.62%	86.52%	89.94%	58.71%	35.10%	38.92%	56.76%	38.60%	61.78%	78.48%
Average Days of Receivables Full definition →	36.16	41.95	59.27	46.88	58.17	77.07	56.87	74.53	65.50	75.41
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	3.60%	3.43%	7.70%	9.09%	13.86%	11.45%	9.50%	14.22%	12.48%	10.24%
Intangible Assets out of Total Assets Full definition →	0.00	0.00	0.00	0.00	0.08	0.06	0.05	0.02	0.03	0.02
Share Based Compensation of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	1.26%	1.64%	1.77%	1.90%
Graham Net Nets Full definition →	0.02	0.02	0.03	0.05	0.04	0.04	0.03	0.06	0.02	0.01
Graham Number Full definition →	2.96	6.25	15.33	27.55	19.86	28.52	40.09	44.63	49.32	57.65
Earnings Yield Full definition →	1.77%	2.28%	4.97%	5.30%	3.12%	2.79%	2.75%	3.29%	1.79%	2.43%
Free Cash Flow Yield Full definition →	1.67%	2.08%	3.28%	3.90%	3.51%	2.58%	2.63%	3.11%	1.81%	2.27%
Revenue per Share Full definition →	0.92	2.19	4.28	7.03	4.33	6.46	9.60	9.14	10.24	11.58
Operating CF per Share Full definition →	0.57	1.33	2.79	4.91	2.97	3.80	6.43	6.05	7.12	7.92
Capex per Share Full definition →	(0.01)	(0.26)	(0.82)	(1.53)	(0.13)	(0.21)	(0.28)	(0.82)	(0.45)	(1.38)
Free Cash Flow per Share Full definition →	0.56	1.06	1.97	3.38	2.84	3.59	6.15	5.23	6.66	6.53
Cash per Share Full definition →	0.69	1.13	1.71	4.35	4.03	6.14	7.35	10.49	5.36	2.10
Shareholders Equity per Share Full definition →	0.66	1.49	3.49	7.34	6.95	9.34	11.12	15.09	16.42	21.16
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	0.66	1.49	3.49	7.34	6.95	9.34	11.12	15.09	16.42	21.16
Free Cash Flow Full definition →	40.00	75.11	138.22	236.12	197.99	250.17	427.41	361.54	459.50	450.43
Working Capital Full definition →	55.14	91.75	157.89	347.45	313.79	504.94	591.24	831.37	469.04	269.72
Capital Expenditures Full definition →	(0.96)	(18.72)	(57.23)	(106.67)	(9.05)	(15.00)	(19.74)	(56.75)	(31.17)	(95.48)
Net Current Asset Value Full definition →	41.14	82.42	128.01	280.60	242.81	411.11	510.28	740.94	380.95	145.34
EV/EBIT Full definition →	37.26	24.41	15.71	14.40	24.66	25.53	27.97	23.87	46.47	33.20
Capex to Sales Full definition →	0.01	0.12	0.19	0.22	0.03	0.03	0.03	0.09	0.04	0.12
Price to Operating Income Full definition →	38.05	24.96	16.17	15.16	25.95	26.71	28.87	25.36	47.15	33.44
Other line items
Depreciation/Fixed assets Full definition →	0.02	0.02	0.03	0.05	0.08	0.09	0.08	0.07	0.09	0.18
Cash ROIC Full definition →	41.22%	40.67%	37.94%	28.94%	25.84%	23.16%	33.29%	20.44%	30.59%	28.09%
Accounts Receivable Turnover Full definition →	12.79	12.72	9.03	8.78	5.44	6.29	6.70	5.42	5.52	5.48
Accounts Payable Turnover Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover Full definition →	—	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—
Average Days of Payables Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days of Inventory on Hand Full definition →	—	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—
Average Receivables Full definition →	5.17	12.16	33.26	55.87	55.61	71.72	99.60	116.48	127.82	145.79
Average Payables Full definition →	0.85	3.22	8.06	14.85	16.26	15.62	20.68	22.97	24.73	33.27
Average Assets Full definition →	56.44	91.24	202.56	441.63	584.91	667.85	820.75	1,016.91	1,202.21	1,435.65
Average Common Equity Full definition →	46.66	76.36	174.89	378.41	498.66	568.45	712.30	908.04	1,087.83	1,295.69

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Columns are period end dates · fundamentals updated 4 Nov 2026

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