Magnolia Oil & Gas vs Texas Pacific Land

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KIRA’s take AI analyst

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

Magnolia Oil & Gas is the larger business, with $1.3B of revenue in fiscal 2025 against $798M for Texas Pacific Land, about 1.6 times as much.
Texas Pacific Land grew revenue faster (13.1%, against −0.3%).
Texas Pacific Land kept more of each dollar of sales as operating profit (74.2% operating margin, against 33.5%).
Texas Pacific Land earned a higher return on the capital invested in it (45.0%, against 16.8%).

Who comes out ahead

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

Magnolia Oil & Gas

MGY

2/9

Piotroski F-scoreShare count change

Texas Pacific Land

TPL

7/9

Revenue growth5-year growthOperating marginNet marginReturn on capitalReturn on equityNet debt / EBITDA

Side by side

Best in the row

Latest fiscal year	MGY FY25	TPL FY25
Size
Market cap	$4.8B	$23.3B
Revenue	$1.3B	$798M
Free cash flow	—	—
Net income	$325M	$481M
Growth
Revenue growth	−0.3%	13.1%
5-year growth	19.4%	21.4%
Share count change	−0.5%	−0.1%
Profitability
Gross margin	—	—
Operating margin	33.5%	74.2%
Net margin	24.8%	60.3%
FCF margin	—	—
Return on capital	16.8%	45.0%
Return on equity	16.4%	37.2%
Balance sheet
Net debt	$127M	−$145M
Net debt / EBITDA	0.1x	−0.2x
Dividends and buybacks	$113M	$156M
Valuation & quality
P/E	—	43.1x
Piotroski F-score	6	5

Ten years

Revenue

FY16

MGY —

TPL $59.9M

FY17

MGY $403M

TPL $132M

FY18

MGY —

TPL $300M

FY19

MGY $942M

TPL $491M

FY20

MGY $541M

TPL $303M

FY21

MGY $1.1B

TPL $451M

FY22

MGY $1.7B

TPL $667M

FY23

MGY $1.2B

TPL $632M

FY24

MGY $1.3B

TPL $706M

FY25

MGY $1.3B

TPL $798M

FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25

MGY TPL

Operating margin

FY16

MGY —

TPL 105.0%

FY17

MGY 47.1%

TPL 109.5%

FY18

MGY —

TPL 86.9%

FY19

MGY 13.5%

TPL 81.5%

FY20

MGY −355.8%

TPL 71.8%

FY21

MGY 55.9%

TPL 80.4%

FY22

MGY 63.4%

TPL 84.3%

FY23

MGY 43.6%

TPL 77.0%

FY24

MGY 38.9%

TPL 76.4%

FY25

MGY 33.5%

TPL 74.2%

FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25

MGY TPL

Free cash flow

FY16

MGY —

TPL $40.0M

FY17

MGY —

TPL $75.1M

FY18

MGY —

TPL $148M

FY19

MGY —

TPL $311M

FY20

MGY —

TPL $202M

FY21

MGY —

TPL $249M

FY22

MGY —

TPL $428M

FY23

MGY —

TPL —

FY24

MGY —

TPL —

FY25

MGY —

TPL —

FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25

MGY TPL

Return on capital

FY16

MGY —

TPL —

FY17

MGY —

TPL 675.7%

FY18

MGY —

TPL 277.6%

FY19

MGY —

TPL 189.9%

FY20

MGY −76.6%

TPL 84.4%

FY21

MGY 56.4%

TPL 126.1%

FY22

MGY 84.6%

TPL 181.8%

FY23

MGY 25.9%

TPL 131.3%

FY24

MGY 20.8%

TPL 78.3%

FY25

MGY 16.8%

TPL 45.0%

FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25

MGY 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.