Texas Pacific Land Corporation (TPL) Return on equity 2018–2025
Texas Pacific Land Corporation (TPL) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
33.0%FY2025 · since FY2018: 85.7% → 33.0%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 33.0% | -7.1 pp |
| FY2024 | 40.1% | +1.2 pp |
| FY2023 | 38.9% | -18.9 pp |
| FY2022 | 57.8% | +16.3 pp |
| FY2021 | 41.4% | +5.1 pp |
| FY2020 | 36.3% | -25.9 pp |
| FY2019 | 62.2% | -23.5 pp |
| FY2018 | 85.7% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice