Texas Pacific Land Trust (TPL)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 570,847 | 539,317 | 595,207 | 385,931 | 246,397 |
| Revenue | US$ in thousands | 705,823 | 631,595 | 667,422 | 450,958 | 302,554 |
| Gross profit margin | 80.88% | 85.39% | 89.18% | 85.58% | 81.44% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $570,847K ÷ $705,823K
= 80.88%
The gross profit margin of Texas Pacific Land Trust has shown a general upward trend over the five-year period from December 31, 2020, to December 31, 2024. Starting at 81.44% in 2020, the margin improved to 85.58% in 2021 and continued to increase reaching its peak at 89.18% in 2022. However, in 2023, there was a slight dip to 85.39%, followed by a further decrease to 80.88% in 2024.
The overall trend indicates strong gross profit margins, with the company consistently maintaining a high level above 80%, reflecting efficient cost management and profitability in its core operations. The slight fluctuations in 2023 and 2024 may warrant further investigation into potential factors influencing these changes.