Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $300M | $490M | $303M | $451M | $667M | $632M | $706M | $798M |
| Revenue growth | — | 63.4% | -38.3% | 49.0% | 48.0% | -5.4% | 11.8% | 13.1% |
| Operating income | $261M | $400M | $217M | $362M | $562M | $486M | $539M | $592M |
| Operating margin | 86.9% | 81.5% | 71.8% | 80.4% | 84.3% | 77.0% | 76.4% | 74.2% |
| Net income | $210M | $319M | $176M | $270M | $446M | $406M | $454M | $481M |
| Net margin | 69.9% | 65.0% | 58.2% | 59.9% | 66.9% | 64.2% | 64.3% | 60.3% |
| EPS (diluted) | $26.93 | $41.09 | $22.70 | $34.83 | $19.26 | $5.86 | $6.57 | $6.97 |
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $195M | $343M | $207M | $265M | $447M | $418M | $491M | $546M |
| Capital expenditures | $47.9M | $32.2M | $5.09M | $16.4M | $19.0M | — | — | — |
| Free cash flow | $148M | $311M | $202M | $249M | $428M | — | — | — |
| Share buybacks | $38.4M | $4.35M | $0.00 | $19.7M | $87.8M | $42.6M | $29.2M | $8.38M |
| Dividends paid | $31.7M | $46.5M | $202M | $85.3M | $247M | $100.0M | $347M | $148M |
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $123M | $304M | $281M | $428M | $511M | $725M | $370M | $145M |
| Total assets | — | $598M | $572M | $764M | $877M | $1.16B | $1.25B | $1.62B |
| Total liabilities | — | $86.0M | $86.5M | $112M | $105M | $113M | $116M | $164M |
| Shareholders' equity | $245M | $512M | $485M | $652M | $773M | $1.04B | $1.13B | $1.46B |
| Retained earnings | — | — | $488M | $668M | $866M | $1.17B | $1.28B | $1.60B |
| Shares (wtd avg diluted) | 7.79M | 7.76M | 7.76M | 7.75M | 23.2M | 69.2M | 69.1M | 69.0M |
Every figure is extracted from Texas Pacific Land Corp’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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