All three tenses have at least two readings, so the archetype blend applies as printed.
All nine metrics read as filed from the record.
What did they actually do?
Has it survived what it has been through?
1 warning event since 2020; the latest 2021-04-07.
From the record
Texas Pacific Land Corporation's filings since 2020 show 1 warning event: an auditor change (8-K item 4.01, the latest 2021-04-07) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+15% a year over 8 filed years; profitable in 8 of 8.
From the record
Texas Pacific Land Corporation's 8 filed years say what it did: revenue went from $300 million in fiscal 2018 to $798 million in fiscal 2025, up 15% a year; it rose in 5 of 7 years; the deepest fall was 38% from fiscal 2019 to fiscal 2020; net income was positive in 8 of 8 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
Share count shrank 0.2% a year. 46% of cash flow returned. Insiders: 5 sales, 229 purchases.
From the record
Over the 3 fiscal years to 2025-12-31, Texas Pacific Land Corporation's diluted share count shrank about 0.2% a year, and dividends and buybacks returned about 46% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 5 sales (3 under scheduled 10b5-1 plans) and 229 purchases of their own stock on the open market in the year to 2026-11-03, buying about $571 thousand (their Form 4 filings).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they doing right now?
Is it financially healthy right now?
ROE 33%: 33¢ of profit per shareholder dollar. Leverage 10%: owes 10¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, Texas Pacific Land Corporation earned about 33 cents of profit for every dollar of shareholders' money. Leverage: it owed about 10 cents per dollar of assets, and net share issuance: its share count was unchanged over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
top 42% of 2 in its family; net margin 60.3%.
From the record
Texas Pacific Land Corporation's standing among 2 graded names in its industry family: revenue of $798 million in fiscal 2025 ranks in the top 25% by size; a net margin of 60.3% ranks in the top 25%; revenue growth of 6.1% a year over the last 3 filed years ranks in the bottom 25% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
top 39% of 1 in its family for leadership; chief executive since 2021.
From the record
Texas Pacific Land Corporation's leadership, from its insiders' filings and its current reports: the chief executive on the record is Glover, Tyler (President & CEO, as filed), filing under that title since 2021-01-11, 5.8 years (top 50% of its family); the 14 officers and directors filing in the last fifteen months have been on the record a median of 5.6 years (top 50%); 3 officer or director changes were reported on Form 8-K since 2023-11-13, against the 14 people in charge now (top 17%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
top 25% of 2 in its family for room to expand.
From the record
Texas Pacific Land Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $145 million against no long-term debt tagged leaves 9% of its assets as net cash, top 25% of its family; cash from operations less capital spending is 68.4% of revenue (top 25%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
bottom 25% of 2 in its family for growth drivers.
From the record
Texas Pacific Land Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew 6.1% a year over the last three filed years against 15% over all 8, slowing (bottom 25% of its family); the newest year grew 13.1% (bottom 25%); capital spending grew -16.2% a year (bottom 25%) (its annual reports). Texas Pacific Land Corporation reported 5 product lines in fiscal 2025: Oil and Gas Royalties at $412 million (52%), Water Sales and Royalties at $170 million (21%), Produced Water Royalties at $124 million (16%), and 2 more; 4 of 5 grew against the year before (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
top 50% of 1 in its family for expectations against reality.
From the record
Texas Pacific Land Corporation's newest year against its own record: revenue of $798 million in fiscal 2025 came in 10% above the $726 million its prior three years' pace pointed to (top 50% of its family); net income of $481 million against a prior three-year average of $435 million (top 50%); a net margin of 60.3% against 65.1% before (top 50%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made