Texas Pacific Land Corporation (TPL) vs Wheaton Precious Metals Corp. (WPM)
A side-by-side comparison of Texas Pacific Land Corporation and Wheaton Precious Metals Corp. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 10, 2026. Differences are shown without an overall score or investment verdict.
Different business models: TPL is classified in Energy; WPM is classified in Basic Materials. Margin, capital intensity, and valuation differences should be interpreted in that sector context.
TPL
Texas Pacific Land Corporation
$369.10EnergyDelayed quote: Sep 11, 2026, 4:00 PM EDT
WPM
Wheaton Precious Metals Corp.
$154.12Basic MaterialsDelayed quote: Sep 11, 2026, 4:00 PM EDT
Total return — TPL vs WPM
growth of $100 · dividends reinvested · last 10yTPL +1974.0% (+35.4%/yr)WPM +570.0% (+21.0%/yr)TPL compounded faster over this window
TPL WPM
TPL vs WPM: by the numbers
- •WPM is the larger company ($69.99B vs $25.46B market cap).
- •WPM trades at the lower trailing earnings multiple (34.17 vs 47.08 P/E), one valuation lens rather than an overall verdict.
- •WPM converts more revenue to profit (64.66% vs 60.32% net margin).
- •TPL grew revenue faster over the past five years (22.25% vs 20.52% CAGR).
- •TPL pays the higher dividend yield (0.62% vs 0.48%).
Metrics side by side
Valuation
| Metric | TPL | WPM |
|---|---|---|
| P/E ratio | 47.08 | 34.17 |
| Forward P/E | 41.94 | 32.25 |
| P/S ratio | 28.36 | 22.06 |
| P/B ratio | 15.22 | 7.22 |
| EV / EBITDA | 34.09 | 26.99 |
| FCF yield | 2.07% | N/A |
Profitability
| Metric | TPL | WPM |
|---|---|---|
| Gross margin | 85.46% | 77.30% |
| Operating margin | 74.92% | 72.80% |
| Net margin | 60.32% | 64.66% |
| ROE | 32.37% | 21.17% |
| ROIC | 30.14% | 16.61% |
Dividends
| Metric | TPL | WPM |
|---|---|---|
| Dividend yield | 0.62% | 0.48% |
| Payout ratio | 29.76% | 16.63% |
Growth (annualized)
| Metric | TPL | WPM |
|---|---|---|
| Revenue CAGR (5Y) | 22.25% | 20.52% |
| EPS CAGR (5Y) | 22.57% | 22.63% |
| FCF CAGR (5Y) | 19.60% | -5.56% |
| Total return CAGR (5Y) | 24.32% | 29.73% |
Frequently asked
- Which has the lower trailing P/E, TPL or WPM?
- WPM has the lower trailing P/E: TPL trades at 47.08 and WPM at 34.17. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, TPL or WPM?
- Over the past five years, TPL grew revenue faster — TPL at a 22.25% CAGR versus WPM at 20.52%.
- Does TPL or WPM pay a bigger dividend?
- TPL yields 0.62% and WPM yields 0.48% based on trailing dividends and the latest price.
- Is TPL or WPM more profitable?
- WPM runs the higher net margin — TPL at 60.32% versus WPM at 64.66%.
- How have TPL and WPM total returns compared?
- Over the past 10 years, TPL delivered 36.93% and WPM delivered 20.63% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Texas Pacific L P/E ratioWheaton Precious Metals P/E ratioTexas Pacific L dividend yieldWheaton Precious Metals dividend yieldTexas Pacific L ROEWheaton Precious Metals ROETexas Pacific L operating marginWheaton Precious Metals operating marginTexas Pacific L revenue growthWheaton Precious Metals revenue growthTexas Pacific L free cash flowWheaton Precious Metals free cash flow
Texas Pacific L & Wheaton Precious Metals appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 10, 2026.