Texas Pacific Land Corporation TPL NYSE

Texas Pacific Land Corporation (TPL) has shown moderate revenue growth over the past 3 years, expanding from $667M to $798M (average +6.5%/yr). Net income reached $481M, reflecting modest earnings improvement at +2.9%/yr on average. The net profit margin is 60.3%, which is exceptional. The company has maintained profitability in all 4 of the past 4 years, demonstrating a consistent earnings track record. The gross margin is 100% (high), with a +4.9pp trend over the period. With a $28B market cap and MOAT composite score of 76/100, the company has a strong competitive position.

Criteria proven by this page:

• GROWTH (55/100, Partial) — growth is present but not consistently above 5% across both metrics
• PAST (100/100, Pass) — proving consistent earnings. Looking at the full 41-year history, the company was profitable in 41 of 41 years — a perfect long-term track record
• INCOME (100/100, Pass) — proves strong profitability and pricing power
• MOAT (76/100, Pass) — strong gross margins and market scale prove a durable competitive advantage

Overall SharesGrow Score: 77/100 with 5/7 criteria passed.