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Side-by-side financial comparison of DiamondRock Hospitality Co (DRH) and Texas Pacific Land Corporation (TPL). Click either name above to swap in a different company.

DiamondRock Hospitality Co is the larger business by last-quarter revenue ($258.2M vs $211.6M, roughly 1.2× Texas Pacific Land Corporation). Texas Pacific Land Corporation runs the higher net margin — 58.3% vs 5.6%, a 52.7% gap on every dollar of revenue. On growth, Texas Pacific Land Corporation posted the faster year-over-year revenue change (13.9% vs 1.3%). Over the past eight quarters, Texas Pacific Land Corporation's revenue compounded faster (10.2% CAGR vs -8.6%).

DiamondRock Hospitality Co is a US-based real estate investment trust owning and operating a portfolio of premium upscale hotels and resorts. Its properties are mainly located in major urban tourist and business hubs nationwide, catering to both leisure and corporate clientele seeking high-quality accommodation services.

The Texas Pacific Land Corporation is a publicly traded real estate operating company with its administrative office in Dallas, Texas. Owning over 880,000 acres (3,600 km2) in 20 West Texas counties, TPL is among the largest private landowners in the state of Texas. It was previously organized as a publicly traded trust taxed as a corporation, and operated under the name Texas Pacific Land Trust.

DRH vs TPL — Head-to-Head

Bigger by revenue
DRH
DRH
1.2× larger
DRH
$258.2M
$211.6M
TPL
Growing faster (revenue YoY)
TPL
TPL
+12.6% gap
TPL
13.9%
1.3%
DRH
Higher net margin
TPL
TPL
52.7% more per $
TPL
58.3%
5.6%
DRH
Faster 2-yr revenue CAGR
TPL
TPL
Annualised
TPL
10.2%
-8.6%
DRH

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
DRH
DRH
TPL
TPL
Revenue
$258.2M
$211.6M
Net Profit
$14.5M
$123.3M
Gross Margin
Operating Margin
11.1%
70.5%
Net Margin
5.6%
58.3%
Revenue YoY
1.3%
13.9%
Net Profit YoY
22.0%
4.2%
EPS (diluted)
$0.07
$-8.59

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DRH
DRH
TPL
TPL
Q1 26
$258.2M
Q4 25
$274.5M
$211.6M
Q3 25
$285.4M
$203.1M
Q2 25
$305.7M
$187.5M
Q1 25
$254.9M
$196.0M
Q4 24
$279.1M
$185.8M
Q3 24
$285.1M
$173.6M
Q2 24
$309.3M
$172.3M
Net Profit
DRH
DRH
TPL
TPL
Q1 26
$14.5M
Q4 25
$26.2M
$123.3M
Q3 25
$22.5M
$121.2M
Q2 25
$40.8M
$116.1M
Q1 25
$11.9M
$120.7M
Q4 24
$-11.2M
$118.4M
Q3 24
$26.4M
$106.6M
Q2 24
$24.5M
$114.6M
Operating Margin
DRH
DRH
TPL
TPL
Q1 26
11.1%
Q4 25
8.9%
70.5%
Q3 25
8.1%
73.4%
Q2 25
13.7%
76.6%
Q1 25
4.3%
76.6%
Q4 24
-3.7%
76.7%
Q3 24
9.5%
73.4%
Q2 24
8.4%
77.3%
Net Margin
DRH
DRH
TPL
TPL
Q1 26
5.6%
Q4 25
9.5%
58.3%
Q3 25
7.9%
59.7%
Q2 25
13.4%
61.9%
Q1 25
4.7%
61.6%
Q4 24
-4.0%
63.7%
Q3 24
9.3%
61.4%
Q2 24
7.9%
66.5%
EPS (diluted)
DRH
DRH
TPL
TPL
Q1 26
$0.07
Q4 25
$0.12
$-8.59
Q3 25
$0.10
$5.27
Q2 25
$0.18
$5.05
Q1 25
$0.04
$5.24
Q4 24
$-0.06
$5.14
Q3 24
$0.11
$4.63
Q2 24
$0.10
$4.98

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DRH
DRH
TPL
TPL
Cash + ST InvestmentsLiquidity on hand
$39.3M
$144.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.4B
$1.5B
Total Assets
$3.0B
$1.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DRH
DRH
TPL
TPL
Q1 26
$39.3M
Q4 25
$68.1M
$144.8M
Q3 25
$145.3M
$531.8M
Q2 25
$52.4M
$543.9M
Q1 25
$100.6M
$460.4M
Q4 24
$81.4M
$369.8M
Q3 24
$75.3M
$533.9M
Q2 24
$125.2M
$894.7M
Total Debt
DRH
DRH
TPL
TPL
Q1 26
Q4 25
$1.1B
Q3 25
$1.1B
Q2 25
$1.0B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.2B
Stockholders' Equity
DRH
DRH
TPL
TPL
Q1 26
$1.4B
Q4 25
$1.4B
$1.5B
Q3 25
$1.6B
$1.4B
Q2 25
$1.6B
$1.3B
Q1 25
$1.6B
$1.2B
Q4 24
$1.6B
$1.1B
Q3 24
$1.6B
$1.1B
Q2 24
$1.6B
$1.2B
Total Assets
DRH
DRH
TPL
TPL
Q1 26
$3.0B
Q4 25
$3.0B
$1.6B
Q3 25
$3.1B
$1.5B
Q2 25
$3.1B
$1.4B
Q1 25
$3.1B
$1.4B
Q4 24
$3.2B
$1.2B
Q3 24
$3.2B
$1.2B
Q2 24
$3.2B
$1.3B
Debt / Equity
DRH
DRH
TPL
TPL
Q1 26
Q4 25
0.76×
Q3 25
0.70×
Q2 25
0.65×
Q1 25
0.70×
Q4 24
0.69×
Q3 24
0.67×
Q2 24
0.71×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DRH
DRH
TPL
TPL
Operating Cash FlowLast quarter
$113.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.92×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DRH
DRH
TPL
TPL
Q1 26
Q4 25
$67.9M
$113.7M
Q3 25
$74.6M
$154.6M
Q2 25
$73.6M
$120.9M
Q1 25
$27.6M
$156.7M
Q4 24
$75.8M
$126.6M
Q3 24
$61.7M
$118.6M
Q2 24
$55.7M
$98.3M
Free Cash Flow
DRH
DRH
TPL
TPL
Q1 26
Q4 25
$47.3M
Q3 25
$54.9M
Q2 25
$57.9M
Q1 25
$2.0M
Q4 24
$52.6M
Q3 24
$39.0M
Q2 24
$38.8M
FCF Margin
DRH
DRH
TPL
TPL
Q1 26
Q4 25
17.2%
Q3 25
19.2%
Q2 25
18.9%
Q1 25
0.8%
Q4 24
18.9%
Q3 24
13.7%
Q2 24
12.5%
Capex Intensity
DRH
DRH
TPL
TPL
Q1 26
Q4 25
7.5%
Q3 25
6.9%
Q2 25
5.1%
Q1 25
10.0%
Q4 24
8.3%
Q3 24
7.9%
Q2 24
5.5%
Cash Conversion
DRH
DRH
TPL
TPL
Q1 26
Q4 25
2.59×
0.92×
Q3 25
3.31×
1.28×
Q2 25
1.80×
1.04×
Q1 25
2.33×
1.30×
Q4 24
1.07×
Q3 24
2.33×
1.11×
Q2 24
2.27×
0.86×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DRH
DRH

Rooms$164.1M64%
Food and beverage$67.2M26%
Other$26.9M10%

TPL
TPL

Water Serviceand Operations Segment$98.2M46%
Water Sales And Royalties$60.7M29%
Produced Water Royalties$33.5M16%
Easementand Sundry$20.6M10%

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