TPL vs. BLDR

Last updated Jun 13, 2026

TPL (Texas Pacific Land Corporation) and BLDR (Builders FirstSource, Inc.) are both stocks. TPL operates in Oil & Gas E&P (Energy), while BLDR operates in Building Products & Equipment (Industrials). Over the past 10 years, TPL returned 36.58%/yr vs 21.56%/yr for BLDR. At a 0.19 correlation, their price movements are largely independent.

Performance

TPL vs. BLDR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Texas Pacific Land Corporation (TPL) and Builders FirstSource, Inc. (BLDR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TPL achieves a 32.28% return, which is significantly higher than BLDR's -24.41% return. Over the past 10 years, TPL has outperformed BLDR with an annualized return of 36.58%, while BLDR has yielded a comparatively lower 21.56% annualized return.

TPL

• 1D: 2.53%
• 1M: -1.82%
• YTD: 32.28%
• 6M: 35.91%
• 1Y: 4.22%
• 3Y*: 38.06%
• 5Y*: 18.80%
• 10Y*: 36.58%

BLDR

• 1D: -1.02%
• 1M: 7.54%
• YTD: -24.41%
• 6M: -28.31%
• 1Y: -32.40%
• 3Y*: -14.86%
• 5Y*: 12.14%
• 10Y*: 21.56%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TPL vs. BLDR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TPL Texas Pacific Land Corporation	32.28%	-21.61%	115.31%	-32.40%	91.29%	73.25%	-4.69%	44.58%	21.96%	51.18%
BLDR Builders FirstSource, Inc.	-24.41%	-28.01%	-14.38%	157.31%	-24.30%	110.02%	60.61%	132.91%	-49.93%	98.63%

Correlation

The correlation between TPL and BLDR is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (10Y) Calculated over the trailing 10-year period	0.24
Correlation (All Time) Calculated using the full available price history since Jun 28, 2005	0.19

Fundamentals

Market Cap TPL : $26.15B BLDR : $8.54B
EPS TPL : $7.30 BLDR : $2.63
PE Ratio TPL : 51.93 BLDR : 29.54
PS Ratio TPL : 31.17 BLDR : 0.58
PB Ratio TPL : 16.81 BLDR : 2.13
Total Revenue (TTM) TPL : $839.03M BLDR : $14.82B
Gross Profit (TTM) TPL : $625.27M BLDR : $4.43B
EBITDA (TTM) TPL : $690.06M BLDR : $1.06B

Return for Risk

TPL vs. BLDR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TPL

TPL Risk / Return Rank: 45
TPL Sharpe Ratio Rank: 46
TPL Sortino Ratio Rank: 43
TPL Omega Ratio Rank: 43
TPL Calmar Ratio Rank: 46
TPL Martin Ratio Rank: 45

BLDR

BLDR Risk / Return Rank: 17
BLDR Sharpe Ratio Rank: 14
BLDR Sortino Ratio Rank: 14
BLDR Omega Ratio Rank: 17
BLDR Calmar Ratio Rank: 22
BLDR Martin Ratio Rank: 19

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TPL vs. BLDR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Texas Pacific Land Corporation (TPL) and Builders FirstSource, Inc. (BLDR). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	TPL	BLDR	Difference
Sharpe ratio: Return per unit of total volatility	0.09	-0.67	+0.76
Sortino ratio: Return per unit of downside risk	0.46	-0.90	+1.36
Omega ratio: Gain probability vs. loss probability	1.06	0.91	+0.15
Calmar ratio: Return relative to maximum drawdown	0.13	-0.59	+0.72
Martin ratio: Return relative to average drawdown	0.25	-1.11	+1.36

TPL vs. BLDR - Sharpe Ratio Comparison

The current TPL Sharpe Ratio is 0.09, which is higher than the BLDR Sharpe Ratio of -0.67. The chart below compares the historical Sharpe Ratios of TPL and BLDR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TPL vs. BLDR - Drawdown Comparison

The maximum TPL drawdown since its inception was -73.05%, smaller than the maximum BLDR drawdown of -96.78%. Use the drawdown chart below to compare losses from any high point for TPL and BLDR.

Drawdown Indicators

	TPL	BLDR	Difference
Max Drawdown Largest peak-to-trough decline	-73.05%	-96.78%	+23.73%
Max Drawdown (1Y) Largest decline over 1 year	-31.68%	-55.51%	+23.83%
Max Drawdown (3Y) Largest decline over 3 years	-52.22%	-68.55%	+16.33%
Max Drawdown (5Y) Largest decline over 5 years	-52.50%	-68.55%	+16.05%
Max Drawdown (10Y) Largest decline over 10 years	-65.46%	-68.55%	+3.09%
Current Drawdown Current decline from peak	-33.65%	-63.16%	+29.51%
Average Drawdown Average peak-to-trough decline	-27.27%	-47.87%	+20.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.08%	29.23%	-12.15%

Volatility

TPL vs. BLDR - Volatility Comparison

The current volatility for Texas Pacific Land Corporation (TPL) is 14.23%, while Builders FirstSource, Inc. (BLDR) has a volatility of 15.05%. This indicates that TPL experiences smaller price fluctuations and is considered to be less risky than BLDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TPL	BLDR	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.23%	15.05%	-0.82%
Volatility (6M) Calculated over the trailing 6-month period	38.06%	34.74%	+3.32%
Volatility (1Y) Calculated over the trailing 1-year period	46.87%	48.45%	-1.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.25%	45.30%	+0.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.10%	47.75%	-0.65%

Dividends

TPL vs. BLDR - Dividend Comparison

TPL's dividend yield for the trailing twelve months is around 0.60%, while BLDR has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BLDR Builders FirstSource, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TPL Texas Pacific Land Corporation	0.60%	0.74%	1.37%	0.83%	1.37%	0.88%	2.20%	0.22%	0.55%	0.30%	0.10%	0.22%

Financials

TPL vs. BLDR - Profitability Comparison

The chart below illustrates the profitability comparison between Texas Pacific Land Corporation and Builders FirstSource, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

BLDR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Builders FirstSource, Inc. reported a gross profit of 928.97M and revenue of 3.29B. Therefore, the gross margin over that period was 28.3%.

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%.

BLDR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Builders FirstSource, Inc. reported an operating income of 16.52M and revenue of 3.29B, resulting in an operating margin of 0.5%.

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%.

BLDR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Builders FirstSource, Inc. reported a net income of -47.41M and revenue of 3.29B, resulting in a net margin of -1.4%.

Frequently Asked Questions

Can I hold both TPL and BLDR in my portfolio?

TPL and BLDR have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TPL or BLDR?

BLDR has higher volatility (15.05%) compared to TPL (14.23%). In terms of maximum drawdown, TPL dropped -73.05% vs BLDR's -96.78%.

Which has better risk-adjusted returns?

TPL currently has the higher Sharpe Ratio (0.09 vs -0.67), 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.