Texas Pacific Land (TPL) Net Margin (2019 - 2026)
Texas Pacific Land's (TPL) quarterly Net Margin came in at 62.56% in Q2 2026, up 63.0% year-over-year from 38.38% in Q2 2025, and down 19.25% quarter-over-quarter from 77.47% in Q1 2026.
Analysis
Texas Pacific Land (TPL) Net Margin (2019 - 2026) Analysis & Trends
Texas Pacific Land (TPL) has reported Net Margin for 8 consecutive years, with 62.56% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Margin rose 63.0% year-over-year to 62.56% in Q2 2026; TTM through Jun 2026 was 64.84%, a 186.0% decrease from a year earlier, with the FY2025 full-year figure at 60.31%, down 401.0% from the prior year.
- Net Margin was 62.56% for Q2 2026 at Texas Pacific Land, down from 77.47% in the prior quarter.
- Over five years, Net Margin peaked at 86.42% in Q2 2022 and troughed at 58.3% in Q4 2025.
- A 5-year average of 70.54% and a median of 67.35% in 2023 frame the typical range for Net Margin.
- Across the five-year window, Net Margin soared 2696 bps in 2022 and slumped 2528 bps in 2023, its largest moves.
- Over 5 years, Net Margin stood at 65.31% in 2022, then gained by 4 bps to 67.87% in 2023, then decreased by 6 bps to 63.71% in 2024, then decreased by 8 bps to 58.3% in 2025, then gained by 7 bps to 62.56% in 2026.
- The last three Net Margin figures came in at 62.56% (Q2 2026), 77.47% (Q1 2026), and 58.3% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 25.83 Bn | 25.58 Bn | - | 62.56% |
| 2 | Eason Technology | 6.12 Bn | 6.12 Bn | - | - |
| 3 | Opendoor Technologies | 2.91 Bn | 2.02 Bn | 86.00 Mn | -18.36% |
| 4 | Vesta Real Estate Corporation, S.A.B. de C.V | 2.87 Bn | 2.87 Bn | - | 121.91% |
| 5 | LandBridge | 2.44 Bn | 2.40 Bn | 65.51 Mn | 46.45% |
| 6 | Kennedy-Wilson Holdings | 1.52 Bn | 1.37 Bn | 83.20 Mn | 11.69% |
| 7 | Frp Holdings | 420.67 Mn | 420.67 Mn | - | -3.10% |
| 8 | American Realty Investors | 250.20 Mn | 250.20 Mn | - | -19.21% |
| 9 | Belpointe PREP | 186.60 Mn | 186.60 Mn | - | - |
| 10 | Star Holdings | 114.16 Mn | 79.35 Mn | 5.31 Mn | 214.08% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 62.56% |
| Mar 31, 2026 | 77.47% |
| Dec 31, 2025 | 58.30% |
| Sep 30, 2025 | 59.70% |
| Jun 30, 2025 | 61.93% |
| Mar 31, 2025 | 78.77% |
| Dec 31, 2024 | 63.71% |
| Sep 30, 2024 | 61.42% |
| Jun 30, 2024 | 84.97% |
| Mar 31, 2024 | 83.83% |
| Dec 31, 2023 | 67.87% |
| Sep 30, 2023 | 66.83% |
| Jun 30, 2023 | 79.17% |
| Mar 31, 2023 | 59.15% |
| Dec 31, 2022 | 65.31% |
| Sep 30, 2022 | 67.94% |
| Jun 30, 2022 | 86.42% |
| Mar 31, 2022 | 84.42% |
| Dec 31, 2021 | 72.13% |
| Sep 30, 2021 | 67.78% |