TPL vs. DAR
TPL (Texas Pacific Land Corporation) and DAR (Darling Ingredients Inc.) are both stocks. TPL operates in Oil & Gas E&P (Energy), while DAR operates in Packaged Foods (Consumer Defensive). Over the past 10 years, TPL returned 37.81%/yr vs 14.94%/yr for DAR. Their 0.18 correlation means their historical movements had little consistent relationship.
Performance
TPL vs. DAR - Performance Comparison
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Returns By Period
In the year-to-date period, TPL achieves a 40.54% return, which is significantly lower than DAR's 68.44% return. Over the past 10 years, TPL has outperformed DAR with an annualized return of 37.81%, while DAR has yielded a comparatively lower 14.94% annualized return.
TPL
- 1D
- 2.11%
- 1M
- -1.13%
- 6M
- 15.87%
- YTD
- 40.54%
- 1Y
- 30.01%
- 3Y*
- 36.08%
- 5Y*
- 20.85%
- 10Y*
- 37.81%
- ALL TIME*
- 20.00%
DAR
- 1D
- -0.59%
- 1M
- 7.27%
- 6M
- 32.81%
- YTD
- 68.44%
- 1Y
- 92.57%
- 3Y*
- -4.07%
- 5Y*
- -2.57%
- 10Y*
- 14.94%
- ALL TIME*
- 8.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $135.78M | $134.43M | $136.99M | |
| $111.11M | $116.94M | $156.85M |
TPL vs. DAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TPL Texas Pacific Land Corporation | 40.54% | -21.61% | 115.31% | -32.40% | 91.29% | 73.25% | -4.69% | 44.58% | 21.96% | 51.18% |
DAR Darling Ingredients Inc. | 68.44% | 6.86% | -32.40% | -20.37% | -9.67% | 20.13% | 105.41% | 45.95% | 6.12% | 40.43% |
Correlation
The correlation between TPL and DAR is 0.20, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.20 |
Correlation (3Y) Balances recent behavior with more history. | 0.24 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.34 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.33 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 1994 | 0.18 |
The correlation between TPL and DAR shifts across timeframes, from 0.18 (all time) to 0.34 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
TPL:
$27.77B
DAR:
$9.64B
TPL:
$7.30
DAR:
$4.97
TPL:
55.17
DAR:
12.21
TPL:
33.12
DAR:
1.11
TPL:
$839.03M
DAR:
$6.56B
TPL:
$625.27M
DAR:
$559.59M
TPL:
$690.06M
DAR:
$1.27B
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Return for Risk
TPL vs. DAR — Risk / Return Rank
TPL
DAR
TPL vs. DAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Texas Pacific Land Corporation (TPL) and Darling Ingredients Inc. (DAR). 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 | DAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.39 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 4.61 | -3.86 |
| Martin ratioReturn relative to average drawdown | 1.62 | 11.64 | -10.01 |
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Drawdowns
TPL vs. DAR - Drawdown Comparison
The maximum TPL drawdown since its inception was -73.05%, smaller than the maximum DAR drawdown of -97.89%. Use the drawdown chart below to compare losses from any high point for TPL and DAR.
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Drawdown Indicators
| TPL | DAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.05% | -97.89% | +24.84% |
Max Drawdown (1Y)Largest decline over 1 year | -34.23% | -19.03% | -15.20% |
Max Drawdown (3Y)Largest decline over 3 years | -52.22% | -59.72% | +7.50% |
Max Drawdown (5Y)Largest decline over 5 years | -52.50% | -68.31% | +15.81% |
Max Drawdown (10Y)Largest decline over 10 years | -65.46% | -68.31% | +2.85% |
Current DrawdownCurrent decline from peak | -29.50% | -30.44% | +0.94% |
Average DrawdownAverage peak-to-trough decline | -27.28% | -41.10% | +13.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.80% | 7.57% | +8.23% |
Volatility
TPL vs. DAR - Volatility Comparison
Texas Pacific Land Corporation (TPL) and Darling Ingredients Inc. (DAR) have volatilities of 10.07% and 10.00%, 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
| TPL | DAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.07% | 10.00% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 37.29% | 20.58% | +16.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.83% | 36.50% | +11.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.29% | 40.15% | +6.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.30% | 38.72% | +8.58% |
Dividends
TPL vs. DAR - Dividend Comparison
TPL's dividend yield for the trailing twelve months is around 0.56%, while DAR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAR Darling Ingredients 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 | 0.56% | 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. DAR - Financials Comparison
This section allows you to compare key financial metrics between Texas Pacific Land Corporation and Darling Ingredients Inc.. 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
TPL vs. DAR - Profitability Comparison
TPL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
DAR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Darling Ingredients Inc. reported a gross profit of -274.01M and revenue of 1.72B. Therefore, the gross margin over that period was -15.9%.
TPL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 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%.
DAR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Darling Ingredients Inc. reported an operating income of 657.06M and revenue of 1.72B, resulting in an operating margin of 38.1%.
TPL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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%.
DAR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Darling Ingredients Inc. reported a net income of 387.31M and revenue of 1.72B, resulting in a net margin of 22.5%.
Frequently Asked Questions
TPL and DAR 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.
TPL has higher volatility (10.07%) compared to DAR (10.00%). In terms of maximum drawdown, TPL dropped -73.05% vs DAR's -97.89%.
DAR currently has the higher Sharpe Ratio (2.41 vs 0.54), 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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