Texas Pacific Land (TPL) Market Capitalization (2019 - 2026)
Texas Pacific Land (TPL) recorded Market Capitalization of $30.19 billion in Q2 2026, up 24.3% from $24.28 billion a year earlier but down 7.8% from the prior quarter.
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Analysis
Texas Pacific Land (TPL) Market Capitalization (2019 - 2026) Analysis & Trends
For FY2025, Texas Pacific Land reported Market Capitalization of $19.8 billion, down 22.1% from FY2024.
- Annual Market Capitalization has a five-year compound annual growth rate of 28.6% (FY2020 to FY2025).
- Across earlier years, Market Capitalization came in at $25.41 billion in FY2024 (+110.7%), $12.06 billion in FY2023 (-33.2%), $18.04 billion in FY2022 (+86.5%) and $9.67 billion in FY2021 (+71.5%).
- Quarterly Market Capitalization has ranged from $9.37 billion in Q3 2021 to $32.73 billion in Q1 2026 over the past five years.
- On a year-over-year basis, Market Capitalization rose in seven of the last eight quarters, with growth averaging 43.0%.
- Peak year-over-year performance for Market Capitalization in the last five years was growth of 167.6% in Q3 2021, against a decline of 33.2% in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $32.73 billion (Q1 2026), $19.8 billion (Q4 2025) and $21.45 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Texas Pacific Land | 23.31 Bn | 22.14 Bn | - |
| 2 | Eason Technology | 6.61 Bn | 6.61 Bn | - |
| 3 | LandBridge | 6.20 Bn | 6.54 Bn | 65.71 Mn |
| 4 | Millrose Properties | 4.06 Bn | 4.06 Bn | - |
| 5 | St Joe | 3.76 Bn | 3.26 Bn | 73.42 Mn |
| 6 | Vesta Real Estate Corporation, S.A.B. de C.V | 2.89 Bn | 2.89 Bn | - |
| 7 | Opendoor Technologies | 2.35 Bn | -1.47 Bn | 86.00 Mn |
| 8 | Forestar | 1.34 Bn | -3.23 Mn | 84.10 Mn |
| 9 | Five Point Holdings | 705.60 Mn | 734.37 Mn | -23.72 Mn |
| 10 | Tejon Ranch | 443.42 Mn | 378.40 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 30.19 Bn |
| Mar 31, 2026 | 32.73 Bn |
| Dec 31, 2025 | 19.80 Bn |
| Sep 30, 2025 | 21.45 Bn |
| Jun 30, 2025 | 24.28 Bn |
| Mar 31, 2025 | 30.46 Bn |
| Dec 31, 2024 | 25.41 Bn |
| Sep 30, 2024 | 20.33 Bn |
| Jun 30, 2024 | 16.88 Bn |
| Mar 31, 2024 | 13.30 Bn |
| Dec 31, 2023 | 12.06 Bn |
| Sep 30, 2023 | 14.00 Bn |
| Jun 30, 2023 | 10.11 Bn |
| Mar 31, 2023 | 13.09 Bn |
| Dec 31, 2022 | 18.04 Bn |
| Sep 30, 2022 | 13.70 Bn |
| Jun 30, 2022 | 11.50 Bn |
| Mar 31, 2022 | 10.47 Bn |
| Dec 31, 2021 | 9.67 Bn |
| Sep 30, 2021 | 9.37 Bn |
API Access
Texas Pacific Land Market Capitalization 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=market-capitalization&ticker=TPL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "market-capitalization", "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=market-capitalization&ticker=TPL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();