Texas Pacific Land (TPL) Return on Capital Employed [ROCE] (2021 - 2026)
Texas Pacific Land (TPL) recorded Return on Capital Employed [ROCE] of 39.30% in Q2 2026, down 2.97 percentage points from 42.26% a year earlier and down 0.11 percentage points from the prior quarter.
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Analysis
Texas Pacific Land (TPL) Return on Capital Employed [ROCE] (2021 - 2026) Analysis & Trends
For FY2025, Texas Pacific Land reported Return on Capital Employed [ROCE] of 43.44%, down 3.21 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has declined for three straight years, though with a five-year change of +4.89 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Capital Employed [ROCE] came in at 46.65% in FY2024 (-3.33 pp), 49.98% in FY2023 (-22.01 pp), 71.98% in FY2022 (+13.24 pp) and 58.74% in FY2021 (+20.19 pp).
- The Q2 2026 figure is the lowest quarterly Return on Capital Employed [ROCE] since Q1 2021.
- On a year-over-year basis, Return on Capital Employed [ROCE] has declined for six consecutive quarters, with an average year-over-year change of -2.67 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Capital Employed [ROCE] in the last five years was a gain of 28.97 percentage points in Q3 2022, against a drop of 26.89 percentage points in Q3 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 39.41% (Q1 2026), 39.44% (Q4 2025) and 41.91% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 23.22 Bn | 22.04 Bn | - | 39.30% |
| 2 | Eason Technology | 6.48 Bn | 6.48 Bn | - | - |
| 3 | LandBridge | 6.20 Bn | 6.55 Bn | 65.71 Mn | 10.17% |
| 4 | Millrose Properties | 3.89 Bn | 3.89 Bn | - | - |
| 5 | St Joe | 3.72 Bn | 3.22 Bn | 73.42 Mn | - |
| 6 | Vesta Real Estate Corporation, S.A.B. de C.V | 2.82 Bn | 2.82 Bn | - | 6.08% |
| 7 | Opendoor Technologies | 2.32 Bn | -1.49 Bn | 86.00 Mn | -30.88% |
| 8 | Forestar | 1.33 Bn | -21.59 Mn | 84.10 Mn | - |
| 9 | Five Point Holdings | 677.43 Mn | 706.20 Mn | -23.72 Mn | - |
| 10 | Tejon Ranch | 445.58 Mn | 380.56 Mn | - | -0.08% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 39.30% |
| 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% |
API Access
Texas Pacific Land Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=TPL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=TPL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();