Stock Analysis on Net
Stock Analysis on Net

Texas Pacific Land Corp. (NYSE:TPL)

$22.49

This company has been moved to the archive! The financial data has not been updated since November 6, 2024.

Operating Profit Margin
since 2005

Microsoft Excel

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Calculation

Texas Pacific Land Corp., operating profit margin, long-term trends, calculation

Microsoft Excel
Operating profit margin = 100 × Operating income1 ÷ Revenues1
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Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in thousands

The annual financial data reveals several noteworthy trends in operating income, revenues, and operating profit margin over the observed period.

Operating Income
Operating income exhibited a fluctuating pattern in the earlier years, with values ranging from approximately 9,991 thousand US dollars in 2009 to a peak of 30,737 thousand US dollars in 2011. Starting in 2012, a significant upward trend is observable, culminating in a sharp increase to 399,573 thousand US dollars by 2019. Following this peak, operating income declined to 217,251 thousand in 2020 but rebounded in subsequent years, reaching 562,307 thousand in 2022 before slightly decreasing to 486,053 thousand in 2023.
Revenues
Revenues followed a broadly similar trajectory to operating income, with periods of volatility in the early years. Initial values show revenues at 15,408 thousand US dollars in 2005 with a dip and recovery pattern until 2011. Post-2011, a strong growth trend is noteworthy, accelerating dramatically from 13,2329 thousand in 2017 to a maximum of 667,422 thousand in 2022. In 2023, revenues slightly contracted to 631,595 thousand US dollars.
Operating Profit Margin
The operating profit margin consistently remained high throughout the period, generally above 70%. It started around 77.41% in 2005 and peaked near 94.76% in 2014, indicating exceptional operational efficiency at that time. After 2014, the margin experienced some volatility but stayed predominantly above 80%, demonstrating sustained profitability. A declining trend to 71.81% was seen in 2020, corresponding with reduced operating income in the same year, but margins recovered above 80% in the following years, stabilizing near 77% by 2023.

Overall, the data highlights robust revenue and operating income growth particularly from the early 2010s onward, reflecting expansion or enhanced business performance. Margins remained stable and strong, though some variations hint at operational or market challenges during specific periods, such as in 2020. The recent years show a pattern of high profitability accompanied by slightly moderated revenue and income levels compared to peak years. These insights suggest effective cost control and operational leverage despite fluctuations in top-line figures.