🫧 Edgar looked up TEXAS PACIFIC LAND CORPORATION ($TPL). Last filing: 8-K (5.02 Departure or Election of Directors; Appointment of Officers), 2026-09-25. 12 event filings (8-K) in the past twelve months.
🔖 Exposure: revenue $798.2M (FY2025). Experience: revenue up 13.1% on the year, up 15.3% a year over 4 years; operating margin 74.2%, down from 76.4%. Soundness: equity 89.9% of assets, return on equity 33.0%, payout 30.7% of profit, the dividend per share fell in the latest year on record. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $672.5M and $1.1B next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $594.1M to $1.2B. A statistical range, not company guidance. Against peers (87 filers, $50M+ revenue, its industry group): operating margin 74.2% against a 25.6% median; growth 13.1% against 4.1%.
Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.
| Fiscal year end | 2025-12-31 |
| Revenue | $798M |
| Revenue, on the year | 13.1% |
| Revenue, a year over the record | 15.3% |
| Operating margin | 74.2% |
| Operating margin, prior year | 76.4% |
| Net margin | 60.3% |
| Research and development | not filed separately |
| Total debt | — |
| Equity of assets | 89.9% |
| Return on equity | 33.0% |
| Payout of profit | 30.7% |
| Dividend per share | $2.13 · cut in the latest year |
| Earnings per share | $6.98 |
| Book value per share | $21.14 |
| Revenue per share | $11.56 |
| Shares outstanding | 69,027,492 |
| Audited years read | 5 |
Peers: the median of 87 filers with $50M+ revenue in oil royalty traders.
Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt.
Sailing speed follows growth: 6.2% a year crosses the harbor in 62 seconds.
No warning signs on the measures below.
Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.
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| Cash conversion (operating cash ÷ revenue) | 68.4% |
| Growth speed (3 years, per year) | 6.2% |
| Revenue swing (std-dev of yearly growth) | 18.5% |
| Cash flow (operating · investing · financing · free) | $546M · −$596M · −$176M · — |
| Investment book (cash · short-term · long-term) | $145M · — · — |
| Common dividend | paid |
| Equity of assets | 89.9% |
Texas Pacific Land is growing faster than its size class, with revenue that swings more. SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class.
Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company
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