Compare Stocks › NOW vs TPL
ServiceNow, Inc. (NOW) vs Texas Pacific Land Corporation (TPL): Which Is the Better Buy in 2026?
As of 2026-06-19, NOW is overvalued at $95, with a DCF intrinsic value of $85 and a margin of safety of -12%. TPL is overvalued at $355, with an intrinsic value of $53 and a margin of safety of -576%. Of the two, NOW has the wider margin of safety.
NOW
ServiceNow, Inc.
$95.04
VS
TPL
Texas Pacific Land Corporation
$355.11
Rewards
NOW
- ★Gross margin of 76.6% indicates strong pricing power — typical of businesses with significant intellectual property or brand strength.
- ★Free cash flow has grown at a 27.8% CAGR over the past 4 years, demonstrating strong earnings power growth.
- ★Each dollar of retained earnings has created $3.22 of earning power — management is an exceptional capital allocator.
TPL
- ★Texas Pacific Land Corporation has maintained ROIC above 15% for 4 consecutive years, indicating a durable competitive advantage.
- ★Gross margin of 93.2% indicates strong pricing power — typical of businesses with significant intellectual property or brand strength.
- ★Return on equity has consistently exceeded 20% over 4 years, indicating efficient use of shareholder capital.
Risks
NOW
- ⚠Despite buyback spending, shares outstanding increased in 3 out of 3 years — stock-based compensation is offsetting repurchases.
- ⚠FCF yield of 5.2% suggests reasonable valuation assuming continued moderate growth.
- ⚠6 insider sales totaling $2.7M with no purchases in the past 3 months — insiders are reducing their exposure.
TPL
- ⚠PEG ratio of 7.33 indicates the stock is expensive relative to its expected growth — the market may be pricing in more growth than analysts project.
- ⚠Free cash flow has declined at a 57.8% CAGR over the past 4 years — a concerning trend.
Key Valuation Metrics
Learn more →NOW
TPL
Valuation
$5.11B
Free Cash Flow
$-56.06M
5.21%
FCF Yield
-0.23%
56.57
Trailing P/E
48.58
18.91
Forward P/E
4.86
Quality & Moat
10.39%
ROIC
32.52%
16.07%
ROE
36.47%
76.56%
Gross Margin
93.24%
0.98
PEG Ratio
7.33
Balance Sheet Safety
Net cash
Net Debt / Equity
Net cash
N/A
Interest Coverage
N/A
-0.95
Net Debt / EBITDA
-0.33
0.00%
Dividend Yield
0.67%
NOW: 5Ties: 1TPL: 6
NOWTPL
Historical Fundamentals
Learn more →NOW
Price ÷ Earnings Per Share — how many years of current earnings you're paying for at today's price. Lower P/E may indicate undervaluation. The dashed forward point is the forward P/E — today's price ÷ analyst consensus EPS.
TPL
Price ÷ Earnings Per Share — how many years of current earnings you're paying for at today's price. Lower P/E may indicate undervaluation. The dashed forward point is the forward P/E — today's price ÷ analyst consensus EPS.
Price ÷ Earnings Per Share — how many years of current earnings you're paying for at today's price. Lower P/E may indicate undervaluation. The dashed forward point is the forward P/E — today's price ÷ analyst consensus EPS.
$1 Retained Earnings Test
Learn more →NOW
$16.65
created per $1 retained over 3 years
Exceptional Value Creator
Σ Retained
$4.90B
Δ Market Cap
+$81.66B
Buffett's "$1 Test": For every $1 of earnings retained, has management created at least $1 of market value?
> $1 created per $1 retained = Value Creator · < $1 created = Value Destroyer
> $1 created per $1 retained = Value Creator · < $1 created = Value Destroyer
TPL
$2.36
created per $1 retained over 3 years
Exceptional Value Creator
Σ Retained
$745.9M
Δ Market Cap
+$1.76B
Buffett's "$1 Test": For every $1 of earnings retained, has management created at least $1 of market value?
> $1 created per $1 retained = Value Creator · < $1 created = Value Destroyer
> $1 created per $1 retained = Value Creator · < $1 created = Value Destroyer
Buffett's "$1 Test": For every $1 of earnings retained, has management created at least $1 of market value?
> $1 created per $1 retained = Value Creator · < $1 created = Value Destroyer
Discounted Cash Flow (DCF) Analysis
Learn more →NOW
11.8% Overvalued
Price is 11.8% above estimated fair value
Current Price: $95.04
Strongly undervalued
Undervalued
Fairly valued
Overvalued
Strongly overvalued
Fair Value: $84.98
Strongly undervalued
Undervalued
Fairly valued
Overvalued
Strongly overvalued
TPL
575.5% Overvalued
Price is 575.5% above estimated fair value
Current Price: $355.11
Strongly undervalued
Strongly overvalued
Fair Value: $52.57
Strongly undervalued
Undervalued
Fairly valued
Overvalued
Strongly overvalued
Reverse DCF — Market-Implied Growth
Learn more →NOW
What growth rate is the market pricing in at $95?
+21.4%
Market-Implied Owner Earnings Growth
Standard FCF implies +6.8%
The market implies +21.4% Owner Earnings growth, below historical trends — potential opportunity.
Standard FCF implies a more demanding +6.8%, reflecting heavy growth investment expected to generate future returns.
TPL
Requires positive FCF to compute implied growth rate.
Economic Moat Score
Learn more →NOW
61/100
Narrow Moat
70+ Wide · 40-69 Narrow · <40 None
Narrow moat with revenue predictability as the key competitive advantage. Improving roic consistency would strengthen the moat.
Composite score measuring competitive advantage durability across four dimensions: returns above cost of capital, pricing power stability, revenue predictability, and capital efficiency. Based on 5 years of fundamental data.
TPL
67/100
Narrow Moat
70+ Wide · 40-69 Narrow · <40 None
Narrow moat with roic consistency as the key competitive advantage. Improving reinvestment efficiency would strengthen the moat.
Composite score measuring competitive advantage durability across four dimensions: returns above cost of capital, pricing power stability, revenue predictability, and capital efficiency. Based on 4 years of fundamental data.
Forensic Accounting
Learn more →NOW
-2.87
Unlikely Manipulator
Above -1.78 = likely manipulator · -2.22 to -1.78 = grey zone
M-Score Trend
Beneish's 8-variable model estimates the probability of earnings manipulation. An M-Score above -1.78 signals elevated risk — companies in this range have historically been 3-5× more likely to be manipulating earnings. Scores between -2.22 and -1.78 fall in a grey zone warranting further investigation.
TPL
-10.93
Unlikely Manipulator
Above -1.78 = likely manipulator · -2.22 to -1.78 = grey zone
M-Score Trend
Beneish's 8-variable model estimates the probability of earnings manipulation. An M-Score above -1.78 signals elevated risk — companies in this range have historically been 3-5× more likely to be manipulating earnings. Scores between -2.22 and -1.78 fall in a grey zone warranting further investigation.
Beneish's 8-variable model estimates the probability of earnings manipulation. An M-Score above -1.78 signals elevated risk — companies in this range have historically been 3-5× more likely to be manipulating earnings. Scores between -2.22 and -1.78 fall in a grey zone warranting further investigation.
Ownership Breakdown
Learn more →NOW
Insiders 0.2%Institutions 88.5%Retail & Other 11.4%
No. of Institutional Holders3,080
High insider ownership aligns management incentives with shareholders — a key signal in Buffett-style analysis. Institutional concentration can indicate smart-money conviction but also crowding risk.
TPL
Insiders 0.2%Institutions 74.8%Retail & Other 25.0%
No. of Institutional Holders1,149
High insider ownership aligns management incentives with shareholders — a key signal in Buffett-style analysis. Institutional concentration can indicate smart-money conviction but also crowding risk.
High insider ownership aligns management incentives with shareholders. Institutional concentration can indicate smart-money conviction but also crowding risk.
Insider Buying Activity
Learn more →NOW
0
Buys (3M)
1
Buys (12M)
Total value (12M): $3.00M
MCDERMOTT WILLIAM R
Chief Executive Officer
$3.00M
@ $104.60 · 2026-02-27
Open market purchases · includes direct & indirect ownership · excludes option exercises
TPL
43
Buys (3M)
126
Buys (12M)
Total value (12M): $523,738
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$370.00
@ $370.00 · 2026-06-11
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
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$380.00
@ $380.00 · 2026-06-10
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
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$387.00
@ $387.00 · 2026-06-09
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
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$403.00
@ $403.00 · 2026-06-08
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
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$395.00
@ $395.00 · 2026-06-05
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
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$407.00
@ $407.00 · 2026-06-03
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
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$368.00
@ $368.00 · 2026-06-02
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$387.00
@ $387.00 · 2026-06-01
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
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$395.00
@ $395.00 · 2026-05-29
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
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$406.00
@ $406.00 · 2026-05-28
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$808.00
@ $404.00 · 2026-05-27
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$401.00
@ $401.00 · 2026-05-22
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$396.00
@ $396.00 · 2026-05-21
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$792.00
@ $396.00 · 2026-05-20
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$780.00
@ $390.00 · 2026-05-19
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$385.00
@ $385.00 · 2026-05-18
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$388.00
@ $388.00 · 2026-05-15
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$385.00
@ $385.00 · 2026-05-14
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$394.00
@ $394.00 · 2026-05-12
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$401.00
@ $401.00 · 2026-05-07
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$419.00
@ $419.00 · 2026-05-06
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$433.00
@ $433.00 · 2026-05-05
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$439.00
@ $439.00 · 2026-05-04
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$433.00
@ $433.00 · 2026-05-01
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$437.00
@ $437.00 · 2026-04-23
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$438.00
@ $438.00 · 2026-04-22
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$442.00
@ $442.00 · 2026-04-21
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$428.00
@ $428.00 · 2026-04-20
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$424.00
@ $424.00 · 2026-04-16
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$419.00
@ $419.00 · 2026-04-15
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$414.00
@ $414.00 · 2026-04-14
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$415.00
@ $415.00 · 2026-04-13
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$407.00
@ $407.00 · 2026-04-10
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$402.00
@ $402.00 · 2026-04-09
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$1,347
@ $449.00 · 2026-04-08
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$443.00
@ $443.00 · 2026-04-06
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$443.00
@ $443.00 · 2026-04-02
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$470.00
@ $470.00 · 2026-03-31
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$494.00
@ $494.00 · 2026-03-30
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$1,044
@ $522.00 · 2026-03-27
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$538.00
@ $538.00 · 2026-03-25
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$535.00
@ $535.00 · 2026-03-24
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$529.00
@ $529.00 · 2026-03-23
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$534.00
@ $534.00 · 2026-03-20
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$527.00
@ $527.00 · 2026-03-19
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$532.00
@ $532.00 · 2026-03-18
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$525.00
@ $525.00 · 2026-03-17
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$525.00
@ $525.00 · 2026-03-16
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$529.00
@ $529.00 · 2026-03-13
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$532.00
@ $532.00 · 2026-03-12
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$523.00
@ $523.00 · 2026-03-11
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$527.00
@ $527.00 · 2026-03-10
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$527.00
@ $527.00 · 2026-03-09
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$526.00
@ $526.00 · 2026-03-06
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$529.00
@ $529.00 · 2026-03-05
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$530.00
@ $530.00 · 2026-03-04
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$524.00
@ $524.00 · 2026-03-02
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$517.00
@ $517.00 · 2026-02-27
EPPS DONNA E
Director
$456,853
@ $510.45 · 2026-02-25
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$520.00
@ $520.00 · 2026-02-24
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$520.00
@ $520.00 · 2026-02-23
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$504.00
@ $504.00 · 2026-02-20
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$469.00
@ $469.00 · 2026-02-19
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$435.00
@ $435.00 · 2026-02-18
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$426.00
@ $426.00 · 2026-02-17
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$426.00
@ $426.00 · 2026-02-13
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$408.00
@ $408.00 · 2026-02-11
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$388.00
@ $388.00 · 2026-02-10
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$372.00
@ $372.00 · 2026-02-09
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$342.00
@ $342.00 · 2026-02-05
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$345.00
@ $345.00 · 2026-02-04
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$337.00
@ $337.00 · 2026-02-03
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$346.00
@ $346.00 · 2026-01-30
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$355.00
@ $355.00 · 2026-01-29
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$351.00
@ $351.00 · 2026-01-28
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$340.00
@ $340.00 · 2026-01-27
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$342.00
@ $342.00 · 2026-01-26
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$350.00
@ $350.00 · 2026-01-23
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$346.00
@ $346.00 · 2026-01-22
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$343.00
@ $343.00 · 2026-01-21
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$334.00
@ $334.00 · 2026-01-20
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$328.00
@ $328.00 · 2026-01-16
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$330.00
@ $330.00 · 2026-01-15
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$330.00
@ $330.00 · 2026-01-14
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$323.00
@ $323.00 · 2026-01-13
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$312.00
@ $312.00 · 2026-01-12
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$309.00
@ $309.00 · 2026-01-09
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$292.00
@ $292.00 · 2026-01-08
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$286.00
@ $286.00 · 2026-01-07
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$297.00
@ $297.00 · 2026-01-06
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$297.00
@ $297.00 · 2026-01-06
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$297.00
@ $297.00 · 2026-01-06
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$295.00
@ $295.00 · 2026-01-05
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$289.00
@ $289.00 · 2026-01-02
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$288.00
@ $288.00 · 2025-12-31
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$294.00
@ $294.00 · 2025-12-30
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$294.00
@ $294.00 · 2025-12-29
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$285.00
@ $285.00 · 2025-12-26
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$295.00
@ $295.00 · 2025-12-24
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$892.00
@ $892.00 · 2025-12-23
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$925.00
@ $925.00 · 2025-12-22
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$897.00
@ $897.00 · 2025-12-19
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$902.00
@ $902.00 · 2025-12-18
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$880.00
@ $880.00 · 2025-12-17
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$822.00
@ $822.00 · 2025-12-16
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$819.00
@ $819.00 · 2025-12-15
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$881.00
@ $881.00 · 2025-12-12
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$877.00
@ $877.00 · 2025-12-11
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$870.00
@ $870.00 · 2025-12-10
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$896.00
@ $896.00 · 2025-12-09
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$914.00
@ $914.00 · 2025-12-08
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$922.00
@ $922.00 · 2025-12-05
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$912.00
@ $912.00 · 2025-12-04
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$876.00
@ $876.00 · 2025-12-03
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$869.00
@ $869.00 · 2025-12-02
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$867.00
@ $867.00 · 2025-12-01
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$867.00
@ $867.00 · 2025-11-28
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$863.00
@ $863.00 · 2025-11-26
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$853.00
@ $853.00 · 2025-11-25
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$880.00
@ $880.00 · 2025-11-24
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$895.00
@ $895.00 · 2025-11-21
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$919.00
@ $919.00 · 2025-11-20
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$899.00
@ $899.00 · 2025-11-19
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$914.00
@ $914.00 · 2025-11-18
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$1,008
@ $1008.00 · 2025-11-17
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
Beneficial Owner of more than 10% of a Class of Security
$998.00
@ $998.00 · 2025-11-14
Open market purchases · includes direct & indirect ownership · excludes option exercises
Open market purchases · includes direct & indirect ownership · excludes option exercises.
Insider Selling Activity
Learn more →NOW
6
Sells (3M)
40
Sells (12M)
Total value (12M): $24.71M
BRIGGS TERESA
Director
$173,376
@ $108.70 · 2026-05-28
FIPPS PAUL
Officer
$103,238
@ $98.51 · 2026-05-18
CHAMBERLAIN PAUL EDWARD
Director
$130,845
@ $87.23 · 2026-05-14
SANDS ANITA M
Director
$1.48M
@ $90.14 · 2026-05-14
FIPPS PAUL
Officer
$13,661
@ $90.47 · 2026-05-08
CANNEY JACQUELINE P
Officer
$799,868
@ $89.60 · 2026-04-24
FIPPS PAUL
Officer
$376,142
@ $101.77 · 2026-02-23
FIPPS PAUL
Officer
$1.02M
@ $105.93 · 2026-02-18
MCBRIDE KEVIN THOMAS
Officer
$147,994
@ $105.71 · 2026-02-13
CHAMBERLAIN PAUL EDWARD
Director
$151,755
@ $101.17 · 2026-02-12
MASTANTUONO GINA
President
$352,750
@ $850.00 · 2025-12-05
CHAMBERLAIN PAUL EDWARD
Director
$242,400
@ $808.00 · 2025-11-28
MASTANTUONO GINA
President
$336,936
@ $808.00 · 2025-11-28
JACKSON LAWRENCE
Director
$214,708
@ $810.22 · 2025-11-28
CANNEY JACQUELINE P
Officer
$200,549
@ $839.12 · 2025-11-18
FIPPS PAUL
Officer
$249,353
@ $817.55 · 2025-11-18
ELMER RUSSELL S.
General Counsel
$160,155
@ $838.51 · 2025-11-18
TZITZON NICHOLAS
Officer
$431,736
@ $827.08 · 2025-11-18
MCBRIDE KEVIN THOMAS
Officer
$235,894
@ $842.48 · 2025-11-14
CANNEY JACQUELINE P
Officer
$56,257
@ $852.38 · 2025-11-13
ELMER RUSSELL S.
General Counsel
$52,848
@ $852.39 · 2025-11-13
CANNEY JACQUELINE P
Officer
$222,012
@ $863.86 · 2025-11-10
ELMER RUSSELL S.
General Counsel
$164,997
@ $863.86 · 2025-11-10
SANDS ANITA M
Director
$1.00M
@ $915.11 · 2025-08-29
MCDERMOTT WILLIAM R
Chief Executive Officer
$5.34M
@ $916.63 · 2025-08-28
FIPPS PAUL
Officer
$1.30M
@ $895.32 · 2025-08-20
ELMER RUSSELL S.
General Counsel
$1.50M
@ $884.26 · 2025-08-20
MCDERMOTT WILLIAM R
Chief Executive Officer
$1.43M
@ $900.00 · 2025-08-19
CANNEY JACQUELINE P
Officer
$1.35M
@ $866.45 · 2025-08-18
MASTANTUONO GINA
President
$1.53M
@ $866.45 · 2025-08-18
TZITZON NICHOLAS
Officer
$1.49M
@ $866.45 · 2025-08-18
MCBRIDE KEVIN THOMAS
Officer
$238,496
@ $851.77 · 2025-08-15
CHAMBERLAIN PAUL EDWARD
Director
$258,000
@ $860.00 · 2025-08-14
CANNEY JACQUELINE P
Officer
$57,658
@ $860.57 · 2025-08-13
MASTANTUONO GINA
President
$72,288
@ $860.57 · 2025-08-13
CANNEY JACQUELINE P
Officer
$225,746
@ $878.39 · 2025-08-08
MASTANTUONO GINA
President
$256,490
@ $878.39 · 2025-08-08
JACKSON LAWRENCE
Director
$749,805
@ $990.50 · 2025-07-29
CANNEY JACQUELINE P
Officer
$341,631
@ $965.06 · 2025-07-16
SANDS ANITA M
Director
$250,950
@ $1050.00 · 2025-07-03
MCBRIDE KEVIN THOMAS
Officer
$283,310
@ $1011.82 · 2025-06-03
SANDS ANITA M
Director
$250,267
@ $1009.14 · 2025-06-02
CANNEY JACQUELINE P
Officer
$147,900
@ $1020.00 · 2025-05-30
MCDERMOTT WILLIAM R
Chief Executive Officer
$2.07M
@ $1012.01 · 2025-05-30
TZITZON NICHOLAS
Officer
$1.19M
@ $1020.00 · 2025-05-30
SANDS ANITA M
Director
$433,825
@ $1013.61 · 2025-05-27
BRIGGS TERESA
Director
$216,913
@ $1013.61 · 2025-05-27
LUDDY FREDERIC B
Director
$428,000
@ $1000.00 · 2025-05-23
Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives
TPL
1
Sells (3M)
3
Sells (12M)
Total value (12M): $2.87M
STEDDUM CHRIS
Chief Financial Officer
$1.60M
@ $400.27 · 2026-06-08
EPPS DONNA E
Director
$456,522
@ $510.08 · 2026-02-25
BUFFINGTON STEPHANIE
Officer
$808,824
@ $503.00 · 2026-02-24
Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives
Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives.
🎭 Mr. Market's Mood
Learn more →NOW
😨Fear(25/100)
"Market is pessimistic — investigate whether fears are temporary or structural"
Composite sentiment score based on 6 market signals. Inspired by Buffett's "Mr. Market" allegory — fear = potential opportunity, greed = potential risk. Must be used alongside fundamental analysis, not in isolation.
TPL
😨Fear(30/100)
"Market is pessimistic — investigate whether fears are temporary or structural"
Composite sentiment score based on 6 market signals. Inspired by Buffett's "Mr. Market" allegory — fear = potential opportunity, greed = potential risk. Must be used alongside fundamental analysis, not in isolation.
Composite sentiment score based on market signals. Inspired by Buffett’s "Mr. Market" allegory — fear = potential opportunity, greed = potential risk. Must be used alongside fundamental analysis, not in isolation.
⚖️ Buffett Signal
Learn more →NOW
⚪Awaiting DCF Data
The Buffett Signal cross-references market sentiment with DCF valuation. Configure the DCF Analysis above to generate a signal.
DCF Margin of Safety: N/AMr. Market's Mood: Fear (25)
TPL
⚪Awaiting DCF Data
The Buffett Signal cross-references market sentiment with DCF valuation. Configure the DCF Analysis above to generate a signal.
DCF Margin of Safety: N/AMr. Market's Mood: Fear (30)
Frequently Asked Questions: NOW vs TPL
Is ServiceNow, Inc. or Texas Pacific Land Corporation more undervalued in 2026?▼
Based on our discounted cash flow model, NOW trades at a -11.8% margin of safety (intrinsic value $85 vs. price $95), compared to TPL's -575.5% margin of safety (intrinsic $53 vs. $355).
Which stock has a wider economic moat, ServiceNow, Inc. or Texas Pacific Land Corporation?▼
TPL scores 67/100 (Narrow moat), while NOW scores 61/100 (Narrow moat). The moat score measures competitive advantage durability across ROIC consistency, margin stability, revenue predictability, and reinvestment efficiency.
Which company has better free cash flow, ServiceNow, Inc. or Texas Pacific Land Corporation?▼
ServiceNow, Inc. (NOW) generates a 5.2% free cash flow yield, compared to Texas Pacific Land Corporation's -0.2%. A higher FCF yield means the business converts more of its market value into cash that can be returned to shareholders or reinvested.
Which stock has higher return on invested capital, ServiceNow, Inc. or Texas Pacific Land Corporation?▼
TPL earns 32.5% ROIC versus NOW's 10.4%. A higher ROIC means the company generates more profit per dollar of capital employed, a hallmark of durable competitive advantage in Buffett-style analysis.