Texas Pacific Land Trust (TPL)
Net profit margin
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 433,494 | 405,645 | 392,266 | 416,529 | 435,030 | 446,362 | 425,676 | 379,676 | 317,828 | 269,980 | 235,726 |
| Revenue (ttm) | US$ in thousands | 659,375 | 631,595 | 617,644 | 650,788 | 666,449 | 667,422 | 661,894 | 594,476 | 514,138 | 450,958 | 378,084 |
| Net profit margin | 65.74% | 64.23% | 63.51% | 64.00% | 65.28% | 66.88% | 64.31% | 63.87% | 61.82% | 59.87% | 62.35% |
March 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $433,494K ÷ $659,375K
= 65.74%
The net profit margin of Texas Pacific Land Trust has shown a general upward trend over the past few quarters, indicating efficient cost management and strong revenue generation relative to its profit. The company's net profit margin has ranged between 59.87% to 66.88% in the last year, with the latest reported figure standing at 65.74% as of March 31, 2024. This suggests that for every dollar of revenue generated, the company is able to retain approximately 65.74 cents as profit after accounting for all expenses and taxes. The consistently high net profit margins reflect the company's ability to convert sales into profits effectively, a positive indicator of financial health and operational efficiency.