Texas Pacific Land Corporation

TPLNYSEEnergy● Active

$401.43

+$11.64(+2.98%)

Market Cap$27.7B

P/E Ratio—

52W High$547.2

52W Low$269.23334

Avg Volume469K

Open$392.00

Beta0.61

Free Cash Flow Financials Revenue

Texas Pacific Land Corporation (TPL) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

TPL · free cash flow · updated Jun 8, 2026

Core FCF metrics

TPL · FCF · TTM · margin & CAGR

Free cash flow was $486.4M for FY2025 (fiscal year ending 2025-12-31), up 5.5% year-over-year The FCF margin was 60.9%. Five-year CAGR stands at +19.2%.

FY2025 Free Cash Flow$486.4M▲ +5.5% YoY

Trailing 12M (TTM)$493.3Mtrailing 4 quarters sum

FCF Margin60.9%$486.4M ÷ revenue

3-Year CAGR+4.4%FY2022 → FY2025

5-Year CAGR+19.2%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

TPL · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$545.9M(60M)$486.4M▲ +5.5%60.9%

FY2024$490.7M(30M)$461.0M▲ +14.3%65.3%

FY2023$418.3M(15M)$403.3M▼ 5.8%63.9%

FY2022$447.1M(19M)$427.9M▲ +71.4%64.1%

FY2021$265.2M(16M)$249.6M▲ +23.6%55.4%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

TPL · P/FCF · FCF yield · FCF per share

Texas Pacific Land Corporation (TPL) trades at a FCF yield of 1.78% and a price-to-free-cash-flow ratio of 56.1x. FCF per share stands at $7.15, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

1.78%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$7.15

TTM FCF ÷ Shares Outstanding

Price / FCF

x56.1

Share Price ÷ FCF per Share

EV / FCF (TTM)

x55.7

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

TPL · cash flow statement · operating / investing / financing

For FY2025, Texas Pacific Land Corporation generated $545.9M in operating cash flow and spent 60M in capital expenditures, yielding $486.4M in free cash flow.

Operating Activities

+$545.9M

Cash from core business operations

2025-12-31

Investing Activities

−$595.8M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$176.0M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($545.9M) − |CapEx| (60M) = FCF ($486.4M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Energy)

TPL vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Texas Pacific Land CorporationYOU

TPL

$486.4M+5.5%60.9%

Exxon Mobil Corporation

Energy · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Texas Pacific Land Corporation (TPL) reported free cash flow of $486.4M for FY2025 (fiscal year ending 2025-12-31), up 5.5% year-over-year. The FCF margin was 60.9%.

Based on available data, Texas Pacific Land Corporation has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $486.4M in FY2025. The 5-year CAGR stands at +19.2%.

Texas Pacific Land Corporation's FCF yield is 1.78% and price-to-FCF ratio is 56.1x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

TPL free cash flow · 8 questions

Texas Pacific Land Corporation free cash flow was $486.4M for FY2025, up 5.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $493.3M.

TPL free cash flowTPL FCFTPL FCF 2025TPL free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Texas Pacific Land Corporation · Texas Pacific Land Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026