LB vs. TPL
LB (LandBridge Company LLC) and TPL (Texas Pacific Land Corporation) are both stocks. Both are in the Energy sector — LB in Oil & Gas Equipment & Services, TPL in Oil & Gas E&P. Over the past year, LB returned 5.17% vs 9.02% for TPL. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
LB vs. TPL - Performance Comparison
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Returns By Period
In the year-to-date period, LB achieves a 55.22% return, which is significantly higher than TPL's 42.00% return.
LB
- 1D
- 3.73%
- 1M
- 16.67%
- YTD
- 55.22%
- 6M
- 25.90%
- 1Y
- 5.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TPL
- 1D
- 9.69%
- 1M
- -5.88%
- YTD
- 42.00%
- 6M
- 33.76%
- 1Y
- 9.02%
- 3Y*
- 40.33%
- 5Y*
- 21.25%
- 10Y*
- 37.18%
LB vs. TPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LB LandBridge Company LLC | 55.22% | -23.67% | 179.45% |
TPL Texas Pacific Land Corporation | 42.00% | -21.61% | 53.06% |
Correlation
The correlation between LB and TPL is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2024 | 0.57 |
The correlation between LB and TPL has been stable across timeframes, ranging from 0.57 to 0.58 - a consistent structural relationship.
Fundamentals
LB:
$0.81
TPL:
$7.30
LB:
93.68
TPL:
55.75
LB:
0.88
TPL:
2.95
LB:
18.77
TPL:
33.46
LB:
$206.15M
TPL:
$839.03M
LB:
$142.47M
TPL:
$625.27M
LB:
$141.85M
TPL:
$690.06M
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Return for Risk
LB vs. TPL — Risk / Return Rank
LB
TPL
LB vs. TPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LandBridge Company LLC (LB) and Texas Pacific Land Corporation (TPL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| LB | TPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.08 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 0.29 | -0.18 |
| Martin ratioReturn relative to average drawdown | 0.21 | 0.55 | -0.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LB | TPL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | 0.19 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.46 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.28 | 0.56 | +0.72 |
Drawdowns
LB vs. TPL - Drawdown Comparison
The maximum LB drawdown since its inception was -48.25%, smaller than the maximum TPL drawdown of -73.05%. Use the drawdown chart below to compare losses from any high point for LB and TPL.
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Drawdown Indicators
| LB | TPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.25% | -73.05% | +24.80% |
Max Drawdown (1Y)Largest decline over 1 year | -48.25% | -31.68% | -16.57% |
Max Drawdown (3Y)Largest decline over 3 years | — | -52.22% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -52.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -65.46% | — |
Current DrawdownCurrent decline from peak | -10.97% | -28.77% | +17.80% |
Average DrawdownAverage peak-to-trough decline | -19.10% | -27.26% | +8.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.97% | 16.70% | +8.27% |
Volatility
LB vs. TPL - Volatility Comparison
LandBridge Company LLC (LB) and Texas Pacific Land Corporation (TPL) have volatilities of 14.86% and 14.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LB | TPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.86% | 14.43% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 40.68% | 38.02% | +2.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.81% | 46.51% | +13.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.90% | 46.20% | +21.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.90% | 47.07% | +20.83% |
Dividends
LB vs. TPL - Dividend Comparison
LB's dividend yield for the trailing twelve months is around 0.55%, less than TPL's 0.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LB LandBridge Company LLC | 0.55% | 0.82% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TPL Texas Pacific Land Corporation | 0.56% | 0.74% | 1.37% | 0.83% | 1.37% | 0.88% | 2.20% | 0.22% | 0.55% | 0.30% | 0.10% | 0.22% |
Financials
LB vs. TPL - Financials Comparison
This section allows you to compare key financial metrics between LandBridge Company LLC and Texas Pacific Land Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
LB vs. TPL - Profitability Comparison
LB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, LandBridge Company LLC reported a gross profit of 0.00 and revenue of 51.01M. Therefore, the gross margin over that period was 0.0%.
TPL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Texas Pacific Land Corporation reported a gross profit of 0.00 and revenue of 236.82M. Therefore, the gross margin over that period was 0.0%.
LB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, LandBridge Company LLC reported an operating income of 29.18M and revenue of 51.01M, resulting in an operating margin of 57.2%.
TPL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Texas Pacific Land Corporation reported an operating income of 182.33M and revenue of 236.82M, resulting in an operating margin of 77.0%.
LB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, LandBridge Company LLC reported a net income of 17.87M and revenue of 51.01M, resulting in a net margin of 35.0%.
TPL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Texas Pacific Land Corporation reported a net income of 142.90M and revenue of 236.82M, resulting in a net margin of 60.3%.
Frequently Asked Questions
LB and TPL have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LB has higher volatility (14.86%) compared to TPL (14.43%). In terms of maximum drawdown, LB dropped -48.25% vs TPL's -73.05%.
TPL currently has the higher Sharpe Ratio (0.19 vs 0.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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