APPS vs TPL
Digital Turbine, Inc. and Texas Pacific Land Corp., side by side — 8 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | APPS | TPL |
|---|---|---|
| Revenue | $565.3M | $798.2M |
| Net income | $-37.7M | $481.4M |
| Gross margin | 56.9% | · |
| Net margin | −6.7% | 60.3% |
| Return on equity | −21.8% | 37.2% |
| Diluted EPS | −$0.33 | $6.97 |
| Dividend / share | · | $2.13 |
| Payout ratio | · | 30.7% |
| Free cash flow | $11.2M | $510.0M |
| Equity | $192.2M | $1.5B |
| Net debt / equity | 1.68× | · |
| Current ratio | 1.16× | 4.40× |
| Revenue CAGR 5y | 12.5% | 21.4% |
| Profit CAGR 5y | · | 22.3% |
TPL bills 1.4× the revenue of APPS, and APPS closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
8 years side by side
| Fiscal year | APPS | TPL |
|---|---|---|
| FY2025 | $565.3M | $798.2M |
| FY2024 | $490.5M | $705.8M |
| FY2023 | $544.5M | $631.6M |
| FY2022 | $665.9M | $667.4M |
| FY2021 | $747.6M | $451.0M |
| FY2020 | $313.6M | $302.6M |
| FY2019 | $138.7M | $490.5M |
| FY2018 | $103.6M | $300.2M |
Bottom line
| Fiscal year | APPS | TPL |
|---|---|---|
| FY2025 | $-37.7M | $481.4M |
| FY2024 | $-92.1M | $454.0M |
| FY2023 | $-420.2M | $405.6M |
| FY2022 | $16.7M | $446.4M |
| FY2021 | $35.5M | $270.0M |
| FY2020 | $54.9M | $176.0M |
| FY2019 | $13.9M | $318.7M |
| FY2018 | $-6.0M | $209.7M |
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$232,939,000 | TPL |
| FY2024 | −$215,317,000 | TPL |
| FY2023 | −$87,113,000 | TPL |
| FY2022 | −$1,502,000 | TPL |
| FY2021 | +$296,638,000 | APPS |
| FY2020 | +$11,015,000 | APPS |
| FY2019 | −$351,781,000 | TPL |
| FY2018 | −$196,651,000 | TPL |
The higher-revenue side has changed between APPS and TPL over this period. The gap has widened since the earliest year compared.
8 of 16 comparable fiscal years — a year missing data on either side is not counted.
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −67.0 pp | TPL |
| FY2024 | −83.1 pp | TPL |
| FY2023 | −141.4 pp | TPL |
| FY2022 | −64.3 pp | TPL |
| FY2021 | −55.1 pp | TPL |
| FY2020 | −40.7 pp | TPL |
| FY2019 | −55.0 pp | TPL |
| FY2018 | −75.7 pp | TPL |
TPL has kept the higher net margin in every one of these 8 fiscal years.
8 of 16 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
APPS's net margin has been more volatile than TPL's over the 8 comparable fiscal years — 27.7 percentage points of standard deviation against 3.7.
8 of 16 comparable fiscal years — a year missing data on either side is not counted.
Year by year
TPL led in net margin in every one of the 8 comparable fiscal years — a structural lead, not a recent swing.
8 of 16 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
APPS's return on equity has been more volatile than TPL's over the 8 comparable fiscal years — 44.2 percentage points of standard deviation against 19.0.
8 of 16 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between APPS and TPL over these 8 fiscal years — APPS led in 1 and TPL in 7.
8 of 16 comparable fiscal years — a year missing data on either side is not counted.