Texas Pacific Land Trust (TPL)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 539,138 | 486,053 | 562,307 | 362,393 | 217,261 |
| Revenue | US$ in thousands | 705,823 | 631,595 | 667,422 | 450,958 | 302,554 |
| Operating profit margin | 76.38% | 76.96% | 84.25% | 80.36% | 71.81% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $539,138K ÷ $705,823K
= 76.38%
The operating profit margin of Texas Pacific Land Trust has shown a generally upward trend over the years, indicating strong operational efficiency and profitability. As of December 31, 2020, the operating profit margin stood at 71.81%, and it steadily increased to 80.36% by December 31, 2021. The trend continued to improve, reaching 84.25% by December 31, 2022. However, there was a slight dip in the operating profit margin to 76.96% by December 31, 2023, followed by a marginal decrease to 76.38% by December 31, 2024.
Overall, Texas Pacific Land Trust has maintained a high level of operating profit margin, indicating that the company has been effectively managing its operating expenses relative to its revenue. The fluctuations in the operating profit margin in 2023 and 2024 may warrant further investigation to understand the underlying reasons behind the changes.