Texas Pacific Land (TPL) FCF Margin (2020 - 2026)
Texas Pacific Land's FCF Margin came in at 61.37% for Q2 2026, down 1.33 percentage points from 62.70% a year earlier and down 3.94 percentage points from the prior quarter.
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Analysis
Texas Pacific Land (TPL) FCF Margin (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Texas Pacific Land reported FCF Margin of 58.68%, down 7.20 percentage points year-over-year; for FY2025, it was 60.94%, down 4.38 percentage points from FY2024.
- FCF Margin carries a five-year change of -5.81 percentage points (FY2020 to FY2025).
- Going back by year, FCF Margin was 65.31% in FY2024 (+1.46 pp), 63.85% in FY2023 (-0.27 pp), 64.12% in FY2022 (+8.77 pp) and 55.35% in FY2021 (-11.39 pp).
- The five-year range for quarterly FCF Margin is 40.18% (Q4 2025) to 83.27% (Q1 2024).
- Year-over-year, FCF Margin has declined for three consecutive quarters, with an average year-over-year change of -3.98 percentage points over the last eight quarters.
- The fastest year-over-year change in FCF Margin over five years came in Q4 2022 (a gain of 24.18 percentage points), and the weakest in Q4 2025 (a drop of 20.82 percentage points).
- Business Quant data shows TPL's FCF Margin at 65.31% (Q1 2026), 40.18% (Q4 2025) and 66.97% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 23.31 Bn | 22.14 Bn | - | 61.37% |
| 2 | Eason Technology | 6.61 Bn | 6.61 Bn | - | - |
| 3 | LandBridge | 6.20 Bn | 6.54 Bn | 65.71 Mn | 60.20% |
| 4 | Millrose Properties | 4.06 Bn | 4.06 Bn | - | 450.09% |
| 5 | St Joe | 3.76 Bn | 3.26 Bn | 73.42 Mn | 27.05% |
| 6 | Vesta Real Estate Corporation, S.A.B. de C.V | 2.89 Bn | 2.89 Bn | - | 91.54% |
| 7 | Opendoor Technologies | 2.35 Bn | -1.47 Bn | 86.00 Mn | -81.88% |
| 8 | Forestar | 1.34 Bn | -3.23 Mn | 84.10 Mn | 8.03% |
| 9 | Five Point Holdings | 705.60 Mn | 734.37 Mn | -23.72 Mn | -74.28% |
| 10 | Tejon Ranch | 443.42 Mn | 378.40 Mn | - | -50.24% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 61.37% |
| Mar 31, 2026 | 65.31% |
| Dec 31, 2025 | 40.18% |
| Sep 30, 2025 | 66.97% |
| Jun 30, 2025 | 62.70% |
| Mar 31, 2025 | 75.39% |
| Dec 31, 2024 | 61.00% |
| Sep 30, 2024 | 63.80% |
| Jun 30, 2024 | 53.33% |
| Mar 31, 2024 | 83.27% |
| Dec 31, 2023 | 64.22% |
| Sep 30, 2023 | 64.89% |
| Jun 30, 2023 | 50.25% |
| Mar 31, 2023 | 77.22% |
| Dec 31, 2022 | 82.72% |
| Sep 30, 2022 | 59.08% |
| Jun 30, 2022 | 48.00% |
| Mar 31, 2022 | 70.66% |
| Dec 31, 2021 | 58.54% |
| Sep 30, 2021 | 57.74% |
API Access
Texas Pacific Land FCF Margin 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=fcf-margin&ticker=TPL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=TPL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();