TPL vs. PM
TPL (Texas Pacific Land Corporation) and PM (Philip Morris International Inc.) are both stocks. TPL operates in Oil & Gas E&P (Energy), while PM operates in Tobacco (Consumer Defensive). Over the past 10 years, TPL returned 36.58%/yr vs 11.71%/yr for PM. At a 0.13 correlation, their price movements are largely independent.
Performance
TPL vs. PM - Performance Comparison
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Returns By Period
In the year-to-date period, TPL achieves a 32.28% return, which is significantly higher than PM's 15.93% return. Over the past 10 years, TPL has outperformed PM with an annualized return of 36.58%, while PM has yielded a comparatively lower 11.71% annualized return.
TPL
- 1D
- 2.53%
- 1M
- -2.32%
- YTD
- 32.28%
- 6M
- 35.91%
- 1Y
- 2.17%
- 3Y*
- 38.06%
- 5Y*
- 18.80%
- 10Y*
- 36.58%
PM
- 1D
- 1.95%
- 1M
- -2.80%
- YTD
- 15.93%
- 6M
- 22.12%
- 1Y
- 3.53%
- 3Y*
- 31.18%
- 5Y*
- 18.78%
- 10Y*
- 11.71%
TPL vs. PM - 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% |
PM Philip Morris International Inc. | 15.93% | 37.99% | 34.34% | -1.85% | 12.31% | 20.78% | 3.69% | 35.02% | -33.30% | 19.85% |
Correlation
The correlation between TPL and PM is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2008 | 0.13 |
The correlation between TPL and PM shifts across timeframes, from 0.01 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
Fundamentals
TPL:
$26.15B
PM:
$288.03B
TPL:
$7.30
PM:
$7.12
TPL:
51.93
PM:
25.90
TPL:
2.75
PM:
2.81
TPL:
31.17
PM:
6.93
TPL:
$839.03M
PM:
$41.49B
TPL:
$625.27M
PM:
$27.93B
TPL:
$690.06M
PM:
$17.74B
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Return for Risk
TPL vs. PM — Risk / Return Rank
TPL
PM
TPL vs. PM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Texas Pacific Land Corporation (TPL) and Philip Morris International Inc. (PM). 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 | PM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.05 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | 0.18 | -0.04 |
| Martin ratioReturn relative to average drawdown | 0.25 | 0.34 | -0.09 |
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Drawdowns
TPL vs. PM - Drawdown Comparison
The maximum TPL drawdown since its inception was -73.05%, which is greater than PM's maximum drawdown of -42.87%. Use the drawdown chart below to compare losses from any high point for TPL and PM.
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Drawdown Indicators
| TPL | PM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.05% | -42.87% | -30.18% |
Max Drawdown (1Y)Largest decline over 1 year | -31.68% | -20.64% | -11.04% |
Max Drawdown (3Y)Largest decline over 3 years | -52.22% | -20.64% | -31.58% |
Max Drawdown (5Y)Largest decline over 5 years | -52.50% | -22.78% | -29.72% |
Max Drawdown (10Y)Largest decline over 10 years | -65.46% | -42.87% | -22.59% |
Current DrawdownCurrent decline from peak | -33.65% | -3.94% | -29.71% |
Average DrawdownAverage peak-to-trough decline | -27.27% | -10.02% | -17.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.08% | 10.81% | +6.27% |
Volatility
TPL vs. PM - Volatility Comparison
Texas Pacific Land Corporation (TPL) has a higher volatility of 14.23% compared to Philip Morris International Inc. (PM) at 7.76%. This indicates that TPL's price experiences larger fluctuations and is considered to be riskier than PM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TPL | PM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.23% | 7.76% | +6.47% |
Volatility (6M)Calculated over the trailing 6-month period | 38.06% | 21.07% | +16.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.87% | 27.73% | +19.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.25% | 22.73% | +23.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.10% | 24.46% | +22.64% |
Dividends
TPL vs. PM - Dividend Comparison
TPL's dividend yield for the trailing twelve months is around 0.60%, less than PM's 3.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PM Philip Morris International Inc. | 3.13% | 3.52% | 4.40% | 5.46% | 4.98% | 5.16% | 5.73% | 5.43% | 6.73% | 3.99% | 4.50% | 4.60% |
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. PM - Financials Comparison
This section allows you to compare key financial metrics between Texas Pacific Land Corporation and Philip Morris International 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. PM - Profitability Comparison
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%.
PM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported a gross profit of 6.91B and revenue of 10.15B. Therefore, the gross margin over that period was 68.1%.
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%.
PM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported an operating income of 3.89B and revenue of 10.15B, resulting in an operating margin of 38.4%.
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%.
PM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported a net income of 2.44B and revenue of 10.15B, resulting in a net margin of 24.0%.
Frequently Asked Questions
TPL and PM have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TPL has higher volatility (14.23%) compared to PM (7.76%). In terms of maximum drawdown, TPL dropped -73.05% vs PM's -42.87%.
PM currently has the higher Sharpe Ratio (0.13 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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