Texas Pacific Land Corporation

TPL Energy Oil & Gas E&P

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

275.50 12.15 −4.22%
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

Texas Pacific Land Corporation (TPL) Free cash flow margin

Alert me on Free cash flow margin

Texas Pacific Land Corporation's free cash flow margin over the twelve months to 30 September 2026 was 66.2%, up 9.8 percentage points from fiscal 2025 (56.4%). Over the past ten years it has ranged from 46.0% (fiscal 2018) to 65.4% (fiscal 2020); the current reading is higher than 45% of that period. That is above the Oil & Gas E&P industry median of 7.72% and above the Energy sector median of 6.87%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 56.4% (8.67)
FY2024 65.1% 7.86
FY2023 57.2% (6.80)
FY2022 64.0% 8.57
FY2021 55.5% (9.97)
FY2020 65.4% 17.30
FY2019 48.1% 2.10
FY2018 46.0% (2.53)
FY2017 48.6% (11.93)
FY2016 60.5% (1.67)

Against its own ten years

Low 46.0% High 65.4%
Ten-year median 57.2%
Current reading's percentile 45

Free cash flow margin against peers

Company Free cash flow margin
TPL Texas Pacific Land Corporation 66.2%
APA APA Corporation compare 47.3%
EQT EQT Corporation compare 40.8%
RRC Range Resources Corporation compare 20.6%
EXE Expand Energy Corporation compare 18.6%
PR Permian Resources Corporation compare 16.1%
DVN Devon Energy Corporation compare 8.17%
WDS Woodside Energy Group Ltd compare 0.00%
AR Antero Resources Corporation compare −17.0%
Oil & Gas E&P industry median 7.72%
Energy sector median 6.87%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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