Texas Pacific Land Trust (TPL)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 578,821 | 572,975 | 572,495 | 553,204 | 517,561 | 500,582 | 529,620 | 554,807 | 568,855 | 539,147 | 478,925 | 398,263 | 335,901 | 292,793 |
| Revenue (ttm) | US$ in thousands | 705,823 | 686,696 | 671,100 | 659,375 | 631,595 | 617,644 | 650,788 | 666,449 | 667,422 | 661,894 | 594,476 | 514,138 | 450,958 | 378,084 |
| Pretax margin | 82.01% | 83.44% | 85.31% | 83.90% | 81.95% | 81.05% | 81.38% | 83.25% | 85.23% | 81.46% | 80.56% | 77.46% | 74.49% | 77.44% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $578,821K ÷ $705,823K
= 82.01%
Texas Pacific Land Trust has shown a consistent and relatively high pretax margin over the period from September 30, 2021, to December 31, 2024. The pretax margin has ranged from 74.49% to 85.31% during this timeframe, indicating a strong performance in generating profits before accounting for taxes and expenses. The company's pretax margin peaked in June 30, 2024, at 85.31% and has remained relatively stable in the subsequent quarters. Overall, the trend suggests that Texas Pacific Land Trust has been effectively managing its costs and expenses to generate significant profits relative to its revenue during the period under review.