Talos Energy vs Texas Pacific Land

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KIRA’s take AI analyst

I put Talos Energy and Texas Pacific Land side by side, using each one’s latest annual report. Here is what stands out:

Talos Energy is the larger business, with $1.8B of revenue in fiscal 2025 against $798M for Texas Pacific Land, about 2.2 times as much.
Texas Pacific Land grew revenue faster (13.1%, against −9.8%).
Texas Pacific Land kept more of each dollar of sales as operating profit (74.2% operating margin, against −31.5%).
Texas Pacific Land earned a higher return on the capital invested in it (45.0%, against −12.4%).

Who comes out ahead

Of the 9 measures where higher (or lower) is clearly better, how many each company leads.

Talos Energy

TALO

2/9

5-year growthShare count change

Texas Pacific Land

TPL

6/9

Revenue growthOperating marginNet marginReturn on capitalReturn on equityNet debt / EBITDA

Side by side

Best in the row

Latest fiscal year	TALO FY25	TPL FY25
Size
Market cap	$3.1B	$23.3B
Revenue	$1.8B	$798M
Free cash flow	—	—
Net income	−$494M	$481M
Growth
Revenue growth	−9.8%	13.1%
5-year growth	25.3%	21.4%
Share count change	−0.3%	−0.1%
Profitability
Gross margin	—	—
Operating margin	−31.5%	74.2%
Net margin	−27.8%	60.3%
FCF margin	—	—
Return on capital	−12.4%	45.0%
Return on equity	−20.1%	37.2%
Balance sheet
Net debt	$975M	−$145M
Net debt / EBITDA	2.0x	−0.2x
Dividends and buybacks	$120M	$156M
Valuation & quality
P/E	—	43.1x
Piotroski F-score	5	5

Ten years

Revenue

FY16

TALO $259M

TPL $59.9M

FY17

TALO $413M

TPL $132M

FY18

TALO $891M

TPL $300M

FY19

TALO $908M

TPL $491M

FY20

TALO $576M

TPL $303M

FY21

TALO $1.2B

TPL $451M

FY22

TALO $1.7B

TPL $667M

FY23

TALO $1.5B

TPL $632M

FY24

TALO $2.0B

TPL $706M

FY25

TALO $1.8B

TPL $798M

FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25

TALO TPL

Operating margin

FY16

TALO −31.2%

TPL 105.0%

FY17

TALO 11.0%

TPL 109.5%

FY18

TALO 28.4%

TPL 86.9%

FY19

TALO 23.5%

TPL 81.5%

FY20

TALO −73.2%

TPL 71.8%

FY21

TALO 30.1%

TPL 80.4%

FY22

TALO 44.6%

TPL 84.3%

FY23

TALO 14.4%

TPL 77.0%

FY24

TALO 8.8%

TPL 76.4%

FY25

TALO −31.5%

TPL 74.2%

FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25

TALO TPL

Free cash flow

FY16

TALO —

TPL $40.0M

FY17

TALO —

TPL $75.1M

FY18

TALO —

TPL $148M

FY19

TALO —

TPL $311M

FY20

TALO —

TPL $202M

FY21

TALO —

TPL $249M

FY22

TALO —

TPL $428M

FY23

TALO —

TPL —

FY24

TALO —

TPL —

FY25

TALO —

TPL —

FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25

TALO TPL

Return on capital

FY16

TALO —

TPL —

FY17

TALO —

TPL 675.7%

FY18

TALO 27.2%

TPL 277.6%

FY19

TALO 12.8%

TPL 189.9%

FY20

TALO −17.8%

TPL 84.4%

FY21

TALO 16.3%

TPL 126.1%

FY22

TALO 41.0%

TPL 181.8%

FY23

TALO 8.1%

TPL 131.3%

FY24

TALO 3.7%

TPL 78.3%

FY25

TALO −12.4%

TPL 45.0%

FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25

TALO TPL

Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.