$330.43

-3.03 (-0.91%)

After Hours: $332.75 (+2.32, +0.70%)

Weekly Expected Move ±4.9%

$305 $322 $338 $355 $372

NYSE · Energy · Oil & Gas Exploration & Production · Tech Score Sell · Power 48 · $23.0B mcap · 69M float · 0.535% daily turnover · Short 66% of daily vol

Credit Risk of going bust: lower than 93% of companies Debt: 0.1% of company value Bonds: none of note held by US funds details ▾

Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.02 (down more than 99.9%), Texas Pacific Land Corporation would be worth roughly what it owes.
Total debt $15.5M against a stock market value of $23.00B.
Distance to default 16.21 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $7.8M (short-term plus half of long-term), stock volatility 48.9%; Altman Z'' 16.16. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

Revenue Segmentation

By Product / Service

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$798M +13.1% ▲

5Y CAGR: +21.4%

Gross Profit

$798M +25.8% ▲

5Y CAGR: +24.2%

Operating Income

$592M +9.8% ▲

5Y CAGR: +22.2%

Net Income

$481M +6.0% ▲

5Y CAGR: +22.3%

EPS (Diluted)

$6.97 +6.0% ▲

5Y CAGR: -1.6%

EBITDA

$655M +16.2% ▲

5Y CAGR: +23.1%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$451M	$667M	$632M	$706M	$798M
YoY Growth	+49.1%	+48.0%	-5.4%	+11.8%	+13.1%
Cost of Revenue	$29M	$33M	$48M	$71M	$0
Gross Profit	$421M	$635M	$583M	$635M	$798M
Gross Margin	93.5%	95.1%	92.3%	89.9%	100.0%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$59M	$63M	$90M	$34M	$24M
Operating Expenses	$59M	$72M	$97M	$95M	$206M
Operating Income	$362M	$562M	$486M	$539M	$592M
Operating Margin	80.4%	84.3%	77.0%	76.4%	74.2%
Interest Expense	$0	$0	$0	$0	$0
Income Before Tax	$363M	$569M	$518M	$579M	$610M
Tax Expense	$93M	$122M	$112M	$125M	$129M
Net Income	$270M	$446M	$406M	$454M	$481M
Net Margin	59.9%	66.9%	64.2%	64.3%	60.3%
EPS (Diluted)	$11.61	$19.26	$17.59	$19.72	$6.97
EBITDA	$379M	$578M	$501M	$564M	$655M
Shares Outstanding	23M	23M	23M	23M	69M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$174M	$186M	$196M	$188M	$203M	$212M	$237M	$246M
Cost of Revenue	$12M	$20M	$23M	$22M	$31M	-$77M	$42M	$28M
Gross Profit	$162M	$165M	$173M	$165M	$172M	$288M	$194M	$218M
Gross Margin	93.2%	89.0%	88.2%	88.2%	84.5%	136.2%	82.1%	88.5%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$12M	$22M	$21M	$20M	$6M	-$22M	$0	$24M
Operating Expenses	$35M	$23M	$23M	$22M	$23M	$139M	$12M	$26M
Operating Income	$127M	$143M	$150M	$144M	$149M	$149M	$182M	$192M
Operating Margin	73.4%	76.7%	76.6%	76.6%	73.4%	70.5%	77.0%	78.0%
Interest Expense	$0	$0	$0	$0	$0	$0	$992K	$973K
Income Before Tax	$135M	$151M	$154M	$149M	$155M	$152M	$184M	$194M
Tax Expense	$29M	$33M	$34M	$33M	$34M	$28M	$41M	$40M
Net Income	$107M	$118M	$121M	$116M	$121M	$123M	$143M	$154M
Net Margin	61.4%	63.7%	61.6%	61.9%	59.7%	58.3%	60.3%	62.6%
EPS (Diluted)	$4.63	$5.14	$5.24	$1.68	$1.76	$1.78	$2.07	$2.23
EBITDA	$133M	$154M	$162M	$157M	$170M	$166M	$199M	$211M
Shares Outstanding	23M	23M	23M	69M	69M	69M	69M	69M

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