Texas Pacific Land Trust (TPL)

The gross profit margin of Texas Pacific Land Trust has exhibited some fluctuation over the past four years. In 2023, the gross profit margin stood at 85.39%, showing a slight decrease from the previous year's figure of 89.18%. However, it is still relatively high compared to the margins in 2021 and 2020, which were 85.58% and 81.44% respectively. This suggests that the company has been able to effectively manage its direct costs of goods sold in relation to its revenues in recent years, although there was a slight dip in 2023 compared to the previous year. Further analysis would be needed to understand the specific factors contributing to these changes and their impact on the overall financial performance of the company.