Analysis of Profitability Ratios
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Texas Pacific Land Corp., profitability ratios
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).
| Profitability ratio | Description | The company |
|---|---|---|
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Texas Pacific Land Corp. operating profit margin ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Texas Pacific Land Corp. net profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Texas Pacific Land Corp. ROE improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
| ROA | A profitability ratio calculated as net income divided by total assets. | Texas Pacific Land Corp. ROA improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Operating Profit Margin
Texas Pacific Land Corp., operating profit margin calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Operating income | 486,053) | 562,307) | 362,393) | 217,251) | 399,573) | |
| Revenues | 631,595) | 667,422) | 450,958) | 302,554) | 490,496) | |
| Profitability Ratio | ||||||
| Operating profit margin1 | 76.96% | 84.25% | 80.36% | 71.81% | 81.46% | |
| Benchmarks | ||||||
| Operating Profit Margin, Competitors2 | ||||||
| Chevron Corp. | 15.37% | 21.42% | 14.81% | -6.22% | — | |
| ConocoPhillips | 30.57% | 36.80% | 29.84% | -12.74% | — | |
| Exxon Mobil Corp. | 16.24% | 19.82% | 11.91% | -14.85% | — | |
| Occidental Petroleum Corp. | 24.21% | 38.32% | 17.59% | -79.89% | — | |
| Operating Profit Margin, Sector | ||||||
| Oil, Gas & Consumable Fuels | 17.63% | 23.01% | 14.73% | -15.83% | — | |
| Operating Profit Margin, Industry | ||||||
| Energy | 17.57% | 22.71% | 14.61% | -18.01% | — | |
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).
1 2023 Calculation
Operating profit margin = 100 × Operating income ÷ Revenues
= 100 × 486,053 ÷ 631,595 = 76.96%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Texas Pacific Land Corp. operating profit margin ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Net Profit Margin
Texas Pacific Land Corp., net profit margin calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Net income | 405,645) | 446,362) | 269,980) | 176,049) | 318,728) | |
| Revenues | 631,595) | 667,422) | 450,958) | 302,554) | 490,496) | |
| Profitability Ratio | ||||||
| Net profit margin1 | 64.23% | 66.88% | 59.87% | 58.19% | 64.98% | |
| Benchmarks | ||||||
| Net Profit Margin, Competitors2 | ||||||
| Chevron Corp. | 10.85% | 15.05% | 10.04% | -5.87% | — | |
| ConocoPhillips | 19.52% | 23.80% | 17.63% | -14.38% | — | |
| Exxon Mobil Corp. | 10.76% | 13.98% | 8.33% | -12.57% | — | |
| Occidental Petroleum Corp. | 16.62% | 36.32% | 8.95% | -83.28% | — | |
| Net Profit Margin, Sector | ||||||
| Oil, Gas & Consumable Fuels | 11.86% | 16.44% | 9.73% | -14.70% | — | |
| Net Profit Margin, Industry | ||||||
| Energy | 11.90% | 16.28% | 9.67% | -16.81% | — | |
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).
1 2023 Calculation
Net profit margin = 100 × Net income ÷ Revenues
= 100 × 405,645 ÷ 631,595 = 64.23%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Texas Pacific Land Corp. net profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Return on Equity (ROE)
Texas Pacific Land Corp., ROE calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Net income | 405,645) | 446,362) | 269,980) | 176,049) | 318,728) | |
| Total equity | 1,043,196) | 772,887) | 651,711) | 485,184) | 512,137) | |
| Profitability Ratio | ||||||
| ROE1 | 38.88% | 57.75% | 41.43% | 36.28% | 62.23% | |
| Benchmarks | ||||||
| ROE, Competitors2 | ||||||
| Chevron Corp. | 13.28% | 22.27% | 11.24% | -4.21% | — | |
| ConocoPhillips | 22.23% | 38.91% | 17.79% | -9.05% | — | |
| Exxon Mobil Corp. | 17.58% | 28.58% | 13.67% | -14.28% | — | |
| Occidental Petroleum Corp. | 15.52% | 44.22% | 11.42% | -79.85% | — | |
| ROE, Sector | ||||||
| Oil, Gas & Consumable Fuels | 16.40% | 28.49% | 13.14% | -13.50% | — | |
| ROE, Industry | ||||||
| Energy | 16.59% | 28.13% | 13.12% | -16.04% | — | |
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).
1 2023 Calculation
ROE = 100 × Net income ÷ Total equity
= 100 × 405,645 ÷ 1,043,196 = 38.88%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Texas Pacific Land Corp. ROE improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Return on Assets (ROA)
Texas Pacific Land Corp., ROA calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Net income | 405,645) | 446,362) | 269,980) | 176,049) | 318,728) | |
| Total assets | 1,156,398) | 877,427) | 764,064) | 571,635) | 598,176) | |
| Profitability Ratio | ||||||
| ROA1 | 35.08% | 50.87% | 35.33% | 30.80% | 53.28% | |
| Benchmarks | ||||||
| ROA, Competitors2 | ||||||
| Chevron Corp. | 8.17% | 13.76% | 6.52% | -2.31% | — | |
| ConocoPhillips | 11.42% | 19.91% | 8.91% | -4.31% | — | |
| Exxon Mobil Corp. | 9.57% | 15.10% | 6.80% | -6.74% | — | |
| Occidental Petroleum Corp. | 6.35% | 18.32% | 3.09% | -18.52% | — | |
| ROA, Sector | ||||||
| Oil, Gas & Consumable Fuels | 9.04% | 15.53% | 6.59% | -6.36% | — | |
| ROA, Industry | ||||||
| Energy | 9.02% | 15.14% | 6.48% | -7.40% | — | |
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).
1 2023 Calculation
ROA = 100 × Net income ÷ Total assets
= 100 × 405,645 ÷ 1,156,398 = 35.08%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROA | A profitability ratio calculated as net income divided by total assets. | Texas Pacific Land Corp. ROA improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |