TPL vs. LANDO

Last updated Apr 1, 2026

Compare and contrast key facts about Texas Pacific Land Corporation (TPL) and Gladstone Land Corporation (LANDO).

Performance

TPL vs. LANDO - Performance Comparison

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

TPL vs. LANDO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TPL Texas Pacific Land Corporation	65.41%	-21.61%	115.31%	-32.40%	91.29%	73.25%	56.31%
LANDO Gladstone Land Corporation	9.21%	-3.70%	16.65%	-12.07%	-6.00%	12.14%	6.02%

Fundamentals

Market Cap TPL : $32.76B LANDO : $730.13M
EPS TPL : $6.97 LANDO : -$0.29
PS Ratio TPL : 41.04 LANDO : 9.54
PB Ratio TPL : 22.45 LANDO : 1.20
Total Revenue (TTM) TPL : $798.19M LANDO : $76.13M
Gross Profit (TTM) TPL : $798.19M LANDO : $66.54M
EBITDA (TTM) TPL : $655.46M LANDO : $94.39M

Returns By Period

In the year-to-date period, TPL achieves a 65.41% return, which is significantly higher than LANDO's 9.21% return.

TPL

• 1D: 1.54%
• 1M: -9.38%
• YTD: 65.41%
• 6M: 52.94%
• 1Y: 8.11%
• 3Y*: 37.44%
• 5Y*: 23.18%
• 10Y*: 41.62%

LANDO

• 1D: -3.15%
• 1M: 3.53%
• YTD: 9.21%
• 6M: 6.56%
• 1Y: 8.55%
• 3Y*: 2.41%
• 5Y*: 1.90%
• 10Y*: —

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

Return for Risk

TPL vs. LANDO — Risk / Return Rank

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

TPL

TPL Risk / Return Rank: 46
TPL Sharpe Ratio Rank: 48
TPL Sortino Ratio Rank: 45
TPL Omega Ratio Rank: 44
TPL Calmar Ratio Rank: 48
TPL Martin Ratio Rank: 46

LANDO

LANDO Risk / Return Rank: 59
LANDO Sharpe Ratio Rank: 65
LANDO Sortino Ratio Rank: 55
LANDO Omega Ratio Rank: 56
LANDO Calmar Ratio Rank: 60
LANDO Martin Ratio Rank: 58

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. LANDO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Texas Pacific Land Corporation (TPL) and Gladstone Land Corporation (LANDO). 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.

	TPL	LANDO	Difference
Sharpe ratio Return per unit of total volatility	0.17	0.65	-0.49
Sortino ratio Return per unit of downside risk	0.58	0.97	-0.39
Omega ratio Gain probability vs. loss probability	1.08	1.14	-0.06
Calmar ratio Return relative to maximum drawdown	0.23	0.83	-0.60
Martin ratio Return relative to average drawdown	0.35	1.63	-1.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TPL vs. LANDO - Sharpe Ratio Comparison

The current TPL Sharpe Ratio is 0.17, which is lower than the LANDO Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of TPL and LANDO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TPL	LANDO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.17	0.65	-0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.12	+0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.90	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.22	+0.35

Correlation

The correlation between TPL and LANDO is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

TPL vs. LANDO - Dividend Comparison

TPL's dividend yield for the trailing twelve months is around 0.46%, less than LANDO's 7.50% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TPL Texas Pacific Land Corporation	0.46%	0.74%	1.37%	0.83%	1.37%	0.88%	2.20%	0.22%	0.55%	0.30%	0.10%	0.22%
LANDO Gladstone Land Corporation	7.50%	8.04%	7.18%	7.79%	6.38%	5.66%	1.50%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

TPL vs. LANDO - Drawdown Comparison

The maximum TPL drawdown since its inception was -73.05%, which is greater than LANDO's maximum drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for TPL and LANDO.

Drawdown Indicators

	TPL	LANDO	Difference
Max Drawdown Largest peak-to-trough decline	-73.05%	-33.50%	-39.55%
Max Drawdown (1Y) Largest decline over 1 year	-42.34%	-7.62%	-34.72%
Max Drawdown (5Y) Largest decline over 5 years	-52.50%	-33.50%	-19.00%
Max Drawdown (10Y) Largest decline over 10 years	-65.46%	—	—
Current Drawdown Current decline from peak	-17.02%	-6.19%	-10.83%
Average Drawdown Average peak-to-trough decline	-27.26%	-9.54%	-17.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.98%	3.88%	+24.10%

Volatility

TPL vs. LANDO - Volatility Comparison

Texas Pacific Land Corporation (TPL) has a higher volatility of 11.83% compared to Gladstone Land Corporation (LANDO) at 4.54%. This indicates that TPL's price experiences larger fluctuations and is considered to be riskier than LANDO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TPL	LANDO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.83%	4.54%	+7.29%
Volatility (6M) Calculated over the trailing 6-month period	32.57%	8.54%	+24.03%
Volatility (1Y) Calculated over the trailing 1-year period	48.59%	13.31%	+35.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.74%	16.13%	+29.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.53%	15.64%	+30.89%

Financials