VEEV vs. TPL
VEEV (Veeva Systems Inc.) and TPL (Texas Pacific Land Corporation) are both stocks. VEEV operates in Health Information Services (Healthcare), while TPL operates in Oil & Gas E&P (Energy). Over the past 10 years, VEEV returned 16.73%/yr vs 36.58%/yr for TPL. At a 0.16 correlation, their price movements are largely independent.
Performance
VEEV vs. TPL - Performance Comparison
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Returns By Period
In the year-to-date period, VEEV achieves a -28.53% return, which is significantly lower than TPL's 32.28% return. Over the past 10 years, VEEV has underperformed TPL with an annualized return of 16.73%, while TPL has yielded a comparatively higher 36.58% annualized return.
VEEV
- 1D
- -1.24%
- 1M
- 0.43%
- YTD
- -28.53%
- 6M
- -28.54%
- 1Y
- -43.54%
- 3Y*
- -5.80%
- 5Y*
- -11.82%
- 10Y*
- 16.73%
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%
VEEV vs. TPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEEV Veeva Systems Inc. | -28.53% | 6.17% | 9.21% | 19.30% | -36.83% | -6.16% | 93.55% | 57.48% | 61.58% | 35.82% |
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% |
Correlation
The correlation between VEEV and TPL is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2013 | 0.16 |
Fundamentals
VEEV:
$26.48B
TPL:
$26.15B
VEEV:
$5.63
TPL:
$7.30
VEEV:
28.36
TPL:
51.93
VEEV:
1.47
TPL:
2.75
VEEV:
8.04
TPL:
31.17
VEEV:
3.63
TPL:
16.81
VEEV:
$3.32B
TPL:
$839.03M
VEEV:
$2.49B
TPL:
$625.27M
VEEV:
$1.00B
TPL:
$690.06M
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Return for Risk
VEEV vs. TPL — Risk / Return Rank
VEEV
TPL
VEEV vs. TPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Veeva Systems Inc. (VEEV) 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.
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.
| VEEV | TPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -2.35 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.06 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 0.13 | -1.00 |
| Martin ratioReturn relative to average drawdown | -1.51 | 0.25 | -1.76 |
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Drawdowns
VEEV vs. TPL - Drawdown Comparison
The maximum VEEV drawdown since its inception was -61.35%, smaller than the maximum TPL drawdown of -73.05%. Use the drawdown chart below to compare losses from any high point for VEEV and TPL.
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Drawdown Indicators
| VEEV | TPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.35% | -73.05% | +11.70% |
Max Drawdown (1Y)Largest decline over 1 year | -50.55% | -31.68% | -18.87% |
Max Drawdown (3Y)Largest decline over 3 years | -50.55% | -52.22% | +1.67% |
Max Drawdown (5Y)Largest decline over 5 years | -55.69% | -52.50% | -3.19% |
Max Drawdown (10Y)Largest decline over 10 years | -55.69% | -65.46% | +9.77% |
Current DrawdownCurrent decline from peak | -53.21% | -33.65% | -19.56% |
Average DrawdownAverage peak-to-trough decline | -26.08% | -27.27% | +1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.76% | 17.08% | +11.68% |
Volatility
VEEV vs. TPL - Volatility Comparison
Veeva Systems Inc. (VEEV) and Texas Pacific Land Corporation (TPL) have volatilities of 14.08% and 14.23%, 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
| VEEV | TPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.08% | 14.23% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 29.27% | 38.06% | -8.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.87% | 46.87% | -11.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.98% | 46.25% | -8.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.23% | 47.10% | -8.87% |
Dividends
VEEV vs. TPL - Dividend Comparison
VEEV has not paid dividends to shareholders, while TPL's dividend yield for the trailing twelve months is around 0.60%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VEEV Veeva Systems 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% |
Financials
VEEV vs. TPL - Financials Comparison
This section allows you to compare key financial metrics between Veeva Systems Inc. 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
VEEV vs. TPL - Profitability Comparison
VEEV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Veeva Systems Inc. reported a gross profit of 659.69M and revenue of 882.95M. Therefore, the gross margin over that period was 74.7%.
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%.
VEEV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Veeva Systems Inc. reported an operating income of 273.11M and revenue of 882.95M, resulting in an operating margin of 30.9%.
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%.
VEEV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Veeva Systems Inc. reported a net income of 260.94M and revenue of 882.95M, resulting in a net margin of 29.6%.
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
VEEV and TPL have a correlation of 0.08, 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 VEEV (14.08%). In terms of maximum drawdown, VEEV dropped -61.35% vs TPL's -73.05%.
TPL currently has the higher Sharpe Ratio (0.09 vs -1.22), 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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