Texas Pacific Land (TPL) Return on Capital Employed (2021 - 2026)
Texas Pacific Land's (TPL) quarterly Return on Capital Employed came in at 39.41% in Q1 2026, down 583.0% year-on-year from 8.16% in Q1 2025, and little changed on a QoQ basis from 39.44% in Q4 2025.
Texas Pacific Land (TPL) Return on Capital Employed (2021 - 2026) Analysis & Trends
Texas Pacific Land (TPL) has 6 years of Return on Capital Employed data on file, last reported at 39.41% in Q1 2026.
- On a quarterly basis, Return on Capital Employed fell 583.0% year-over-year to 39.41% in Q1 2026; TTM through Mar 2026 was 39.41%, a 583.0% decrease from a year earlier, with the FY2025 full-year figure at 43.44%, down 321.0% from the prior year.
- Return on Capital Employed for Q1 2026 stood at 39.41%, roughly flat from 39.44% in the prior quarter.
- Over the last five years, Return on Capital Employed for TPL reached as high as 74.87% in Q3 2022 and fell as low as 39.41% in Q1 2026.
- Historically, Return on Capital Employed has averaged 51.0% across 5 years, with a median of 45.49% in 2024.
- Across the five-year window, Return on Capital Employed surged 2897 bps in 2022 and plunged 2689 bps in 2023, its largest moves.
- Year by year, Return on Capital Employed stood at 69.11% in 2022, then plunged by 34 bps to 45.28% in 2023, then rose by 2 bps to 46.27% in 2024, then declined by 15 bps to 39.44% in 2025, then declined by 0 bps to 39.41% in 2026.
- Per Business Quant data, the three most recent Return on Capital Employed figures were 39.41% in Q1 2026, 39.44% in Q4 2025, and 41.91% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 22.86% |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 15.04% |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | -0.44% |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | - |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 1.41% |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 10.19% |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | 39.41% |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 10.92% |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 17.11% |
| 10 | Ovintiv | 16.84 Bn | 15.96 Bn | 2.83 Bn | 5.11% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 39.41% |
| Dec 31, 2025 | 39.44% |
| Sep 30, 2025 | 41.91% |
| Jun 30, 2025 | 42.26% |
| Mar 31, 2025 | 45.24% |
| Dec 31, 2024 | 46.27% |
| Sep 30, 2024 | 44.64% |
| Jun 30, 2024 | 42.64% |
| Mar 31, 2024 | 45.49% |
| Dec 31, 2023 | 45.28% |
| Sep 30, 2023 | 47.98% |
| Jun 30, 2023 | 54.80% |
| Mar 31, 2023 | 63.48% |
| Dec 31, 2022 | 69.11% |
| Sep 30, 2022 | 74.87% |
| Jun 30, 2022 | 67.03% |
| Mar 31, 2022 | 57.16% |
| Dec 31, 2021 | 53.38% |
| Sep 30, 2021 | 45.90% |
| Jun 30, 2021 | 40.74% |