Financials in USD. Standardized financial statements.
A compact view of how Texas Pacific Land Corporation turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $798.19M | $705.82M | $631.60M | $667.42M | $450.96M | $302.55M | $490.50M | $300.22M | $132.33M | $59.91M |
| Revenue Growth? | +13.1% | +11.8% | -5.4% | +48.0% | +49.1% | -38.3% | +63.4% | +126.9% | +120.9% | 0.0% |
| Cost of Revenue? | $0 | $71.29M | $48.32M | $32.89M | $29.49M | $32.60M | $29.71M | $13.75M | $867,000 | $43,290 |
| Gross Profit? | $798.19M | $634.54M | $583.27M | $634.53M | $421.47M | $269.95M | $460.78M | $286.47M | $131.46M | $59.87M |
| Gross Margin? | +100.0% | +89.9% | +92.3% | +95.1% | +93.5% | +89.2% | +93.9% | +95.4% | +99.3% | +99.9% |
| Operating Expenses? | $206.03M | $95.40M | $97.22M | $72.22M | $59.08M | $52.70M | $59.01M | $25.64M | $11.69M | $4.81M |
| Operating Income? | $592.16M | $539.14M | $486.05M | $562.31M | $362.39M | $217.25M | $401.77M | $260.83M | $119.78M | $55.06M |
| EBITDA? | $655.46M | $564.30M | $500.81M | $577.68M | $378.65M | $231.66M | $408.48M | $263.42M | $145.32M | $55.10M |
| Income Before Tax | $610.33M | $578.82M | $517.56M | $568.86M | $363.02M | $219.66M | $402.25M | $261.75M | $119.86M | $55.09M |
| Income Tax Expense | $128.95M | $124.86M | $111.92M | $122.49M | $93.04M | $43.61M | $83.53M | $52.01M | $43.50M | $17.85M |
| Net Income? | $481.38M | $453.96M | $405.64M | $446.36M | $269.98M | $176.05M | $318.73M | $209.74M | $76.36M | $37.24M |
| EPS? | $6.98 | $6.58 | $5.87 | $6.42 | $3.87 | $2.52 | $4.57 | $2.99 | $1.38 | $0.59 |
| Diluted EPS? | $6.97 | $6.57 | $5.86 | $6.42 | $3.87 | $2.52 | $4.57 | $2.99 | $1.38 | $0.59 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality