Texas Pacific Land (TPL) Operating Margin (2020 - 2026)
Texas Pacific Land's (TPL) quarterly Operating Margin came in at 77.96% in Q2 2026, up 131.0% year-over-year from 33.75% in Q2 2025, and up 1.25% quarter-over-quarter from 76.99% in Q1 2026.
Powered by 
Analysis
Texas Pacific Land (TPL) Operating Margin (2020 - 2026) Analysis & Trends
Texas Pacific Land (TPL) has reported Operating Margin for 7 consecutive years, with 77.96% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Margin rose 131.0% year-over-year to 77.96% in Q2 2026; TTM through Jun 2026 was 74.92%, a 96.0% decrease from a year earlier, with the FY2025 full-year figure at 74.19%, down 220.0% from the prior year.
- Operating Margin was 77.96% for Q2 2026 at Texas Pacific Land, up from 76.99% in the prior quarter.
- Over five years, Operating Margin peaked at 86.07% in Q2 2022 and troughed at 70.54% in Q4 2025.
- A 5-year average of 77.86% and a median of 77.15% in 2024 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin surged 1177 bps in 2022 and slumped 1267 bps in 2023, its largest moves.
- Over 5 years, Operating Margin stood at 81.35% in 2022, then dropped by 1 bps to 80.32% in 2023, then retreated by 4 bps to 76.73% in 2024, then fell by 8 bps to 70.54% in 2025, then rose by 11 bps to 77.96% in 2026.
- The last three Operating Margin figures came in at 77.96% (Q2 2026), 76.99% (Q1 2026), and 70.54% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 25.00 Bn | 24.76 Bn | - | 77.96% |
| 2 | Eason Technology | 6.75 Bn | 6.75 Bn | - | - |
| 3 | LandBridge | 6.64 Bn | 7.07 Bn | 65.51 Mn | 66.07% |
| 4 | Vesta Real Estate Corporation, S.A.B. de C.V | 3.07 Bn | 6.22 Bn | - | 91.08% |
| 5 | Opendoor Technologies | 3.05 Bn | 2.16 Bn | 86.00 Mn | -16.31% |
| 6 | Kennedy-Wilson Holdings | 1.52 Bn | 1.37 Bn | 83.20 Mn | -22.61% |
| 7 | Frp Holdings | 433.69 Mn | 433.69 Mn | - | 13.16% |
| 8 | American Realty Investors | 250.20 Mn | 445.20 Mn | - | -19.81% |
| 9 | Belpointe PREP | 188.11 Mn | 188.11 Mn | - | - |
| 10 | Star Holdings | 119.97 Mn | 86.41 Mn | 5.31 Mn | -84.21% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 77.96% |
| Mar 31, 2026 | 76.99% |
| Dec 31, 2025 | 70.54% |
| Sep 30, 2025 | 73.41% |
| Jun 30, 2025 | 76.65% |
| Mar 31, 2025 | 76.57% |
| Dec 31, 2024 | 76.73% |
| Sep 30, 2024 | 73.36% |
| Jun 30, 2024 | 77.30% |
| Mar 31, 2024 | 78.12% |
| Dec 31, 2023 | 80.32% |
| Sep 30, 2023 | 80.37% |
| Jun 30, 2023 | 74.89% |
| Mar 31, 2023 | 71.71% |
| Dec 31, 2022 | 81.35% |
| Sep 30, 2022 | 84.80% |
| Jun 30, 2022 | 86.07% |
| Mar 31, 2022 | 84.37% |
| Dec 31, 2021 | 85.52% |
| Sep 30, 2021 | 83.46% |