APA Corporation (APA) vs Texas Pacific Land Corporation (TPL)

APA Corporation and Texas Pacific Land Corporation are both Oil & Gas E&P companies. Texas Pacific Land Corporation is the larger, with a market value of $18.8B against $15.2B — 1.2× the size. APA Corporation trades at the lower P/E: 7.1× against 32.3×. Texas Pacific Land Corporation grew revenue faster over the last twelve months: 25.3% against −3.49%. Texas Pacific Land Corporation has the higher net margin (60.7% vs 23.1%) and the higher return on invested capital (31.9% vs 20.9%). Both pay a dividend; APA Corporation yields more (2.29% vs 0.85%). Across the 23 metrics below, Texas Pacific Land Corporation leads on 12 and APA Corporation on 11.

Valuation

Metric APA TPL Oil & Gas E&P median
P/E 7.07 32.34 9.67
P/S 1.62 19.63 1.76
P/B 1.88 10.54 1.19
Price to free cash flow 10.51 44.94 8.37
EV/EBITDA 3.08 23.09 4.59
EV/Sales 1.96 19.25 2.27
Earnings yield 14.14% 3.09% 7.55%
Free cash flow yield 9.51% 2.23% 3.98%

Profitability

Metric APA TPL Oil & Gas E&P median
Gross margin 0.00% 100.00% 79.54%
Operating margin 40.37% 75.55% 24.01%
Net margin 23.08% 60.71% 14.11%
Free cash flow margin 47.26% 66.22% 7.72%
Return on equity 28.98% 37.07% 8.99%
Return on assets 12.20% 33.45% 4.63%
Return on invested capital 20.94% 31.90% 6.33%

Growth

Metric APA TPL Oil & Gas E&P median
Revenue growth (TTM) (3.49%) 25.30% 13.60%
EPS growth (last fiscal year) 75.77% 6.04% (10.17%)
Revenue growth, 5-year CAGR 16.44% 21.41% 18.67%
Net income growth, 5-year CAGR 0.00% 22.28% 0.00%

Health

Metric APA TPL Oil & Gas E&P median
Debt to equity 0.41 0.00 0.29
Current ratio 0.85 0.00 0.92
Net debt to EBITDA 0.78 (0.22) 0.93

Dividend

Metric APA TPL Oil & Gas E&P median
Dividend yield 2.29% 0.85% 3.76%
Payout ratio 0.16 0.27 0.33

Size

Metric APA TPL Oil & Gas E&P median
Market cap 15.23b 18.77b 953.29m

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