Texas Pacific Land (TPL) Return on Sales [ROS] (2019 - 2026)
Texas Pacific Land's Return on Sales [ROS] came in at 76.00% for Q3 2026, up 2.59 percentage points from 73.41% a year earlier but down 1.95 percentage points from the prior quarter.
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Analysis
Texas Pacific Land (TPL) Return on Sales [ROS] (2019 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Texas Pacific Land reported Return on Sales [ROS] of 75.55%, down 0.25 percentage points year-over-year; for FY2025, it came in at 74.19%, down 2.20 percentage points from FY2024.
- Return on Sales [ROS] has declined in each of the last three years, though with a five-year change of +2.38 percentage points (FY2020 to FY2025).
- Going back by year, Return on Sales [ROS] was 76.38% in FY2024 (-0.57 pp), 76.96% in FY2023 (-7.29 pp), 84.25% in FY2022 (+3.89 pp) and 80.36% in FY2021 (+8.55 pp).
- The five-year range for quarterly Return on Sales [ROS] is 70.54% (Q4 2025) to 86.07% (Q2 2022).
- Year-over-year, Return on Sales [ROS] has increased for three consecutive quarters, with an average year-over-year change of -0.95 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Sales [ROS] over five years came in Q2 2022 (a gain of 11.77 percentage points), and the weakest in Q1 2023 (a drop of 12.67 percentage points).
- Business Quant data shows TPL's Return on Sales [ROS] at 77.96% (Q2 2026), 76.99% (Q1 2026) and 70.54% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROS (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 20.13 Bn | 19.12 Bn | 106.12 Mn | 76.00% |
| 2 | LandBridge | 5.63 Bn | 5.99 Bn | 69.80 Mn | 68.06% |
| 3 | Howard Hughes Holdings | 4.96 Bn | -3.82 Bn | 435.75 Mn | 24.67% |
| 4 | Millrose Properties | 3.99 Bn | 3.81 Bn | - | 85.52% |
| 5 | St Joe | 3.98 Bn | 3.49 Bn | 80.65 Mn | 39.40% |
| 6 | Vesta Real Estate Corporation, S.A.B. de C.V | 3.31 Bn | 2.12 Bn | - | 91.58% |
| 7 | EagleRock Land | 2.77 Bn | 4.07 Bn | 39.50 Mn | 28.75% |
| 8 | Forestar | 1.14 Bn | 1.14 Bn | - | - |
| 9 | Opendoor Technologies | 1.11 Bn | -2.66 Bn | 38.00 Mn | -18.30% |
| 10 | Five Point Holdings | 664.60 Mn | 682.31 Mn | 7.10 Mn | -86.18% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 76.00% |
| 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% |
API Access
Texas Pacific Land Return on Sales [ROS] 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-sales-%5Bros%5D&ticker=TPL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-sales-[ros]", "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-sales-%5Bros%5D&ticker=TPL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();