Texas Pacific Land (TPL) Asset Utilization Ratio (2021 - 2026)
Texas Pacific Land's Asset Utilization Ratio was 0.50 in Q2 2026, down 7.7% from 0.54 a year earlier and unchanged from the prior quarter.
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Analysis
Texas Pacific Land (TPL) Asset Utilization Ratio (2021 - 2026) Analysis & Trends
For FY2025, Asset Utilization Ratio at Texas Pacific Land came in at 0.56, down 5.3% from FY2024.
- Asset Utilization Ratio has now declined for three consecutive years.
- In earlier years, Asset Utilization Ratio was 0.59 in FY2024 (-5.5%), 0.62 in FY2023 (-23.6%), 0.81 in FY2022 (+20.4%) and 0.68 in FY2021 (+30.5%).
- The Q2 2026 figure marks the lowest quarterly Asset Utilization Ratio since Q1 2021.
- Compared with a year earlier, Asset Utilization Ratio has declined for four straight quarters, with an average decline of 4.3% over the last eight quarters.
- The best year-over-year quarter for Asset Utilization Ratio over five years was Q3 2022 (growth of 46.0%); the worst was Q3 2023 (a decline of 28.5%).
- Per Business Quant data, TPL's Asset Utilization Ratio in the three quarters before Q2 2026 was 0.50 (Q1 2026), 0.51 (Q4 2025) and 0.53 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 22.67 Bn | 21.49 Bn | - | 0.50 |
| 2 | Eason Technology | 6.61 Bn | 6.61 Bn | - | - |
| 3 | LandBridge | 6.19 Bn | 6.54 Bn | 65.71 Mn | 0.16 |
| 4 | Millrose Properties | 4.09 Bn | 4.09 Bn | - | 0.08 |
| 5 | St Joe | 3.77 Bn | 3.27 Bn | 73.42 Mn | 0.36 |
| 6 | Vesta Real Estate Corporation, S.A.B. de C.V | 2.87 Bn | 2.87 Bn | - | 0.07 |
| 7 | Opendoor Technologies | 2.30 Bn | -1.52 Bn | 86.00 Mn | 1.23 |
| 8 | Forestar | 1.33 Bn | -18.53 Mn | 84.10 Mn | 0.54 |
| 9 | Five Point Holdings | 699.67 Mn | 728.44 Mn | -23.72 Mn | 0.04 |
| 10 | Tejon Ranch | 441.80 Mn | 376.78 Mn | - | 0.09 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.50 |
| Mar 31, 2026 | 0.50 |
| Dec 31, 2025 | 0.51 |
| Sep 30, 2025 | 0.53 |
| Jun 30, 2025 | 0.54 |
| Mar 31, 2025 | 0.56 |
| Dec 31, 2024 | 0.58 |
| Sep 30, 2024 | 0.55 |
| Jun 30, 2024 | 0.52 |
| Mar 31, 2024 | 0.55 |
| Dec 31, 2023 | 0.57 |
| Sep 30, 2023 | 0.59 |
| Jun 30, 2023 | 0.67 |
| Mar 31, 2023 | 0.73 |
| Dec 31, 2022 | 0.78 |
| Sep 30, 2022 | 0.83 |
| Jun 30, 2022 | 0.73 |
| Mar 31, 2022 | 0.63 |
| Dec 31, 2021 | 0.62 |
| Sep 30, 2021 | 0.57 |
API Access
Texas Pacific Land Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=TPL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "TPL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=TPL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();