Which has grown faster, BGT or NRP?

Over the past five years, NRP grew revenue faster — BGT at a 1.46% CAGR versus NRP at 7.90%.

Does BGT or NRP pay a bigger dividend?

BGT yields 13.17% and NRP yields 2.83% based on trailing dividends and the latest price.

Is BGT or NRP more profitable?

BGT runs the higher net margin — BGT at 73.11% versus NRP at 54.00%.

How have BGT and NRP total returns compared?

Over the past 10 years, BGT delivered 6.61% and NRP delivered 23.50% annualized total return. Past performance doesn't predict future results.

BlackRock Floating Rate Income Trust (BGT) vs Natural Resource Partners L.P. (NRP)

A side-by-side comparison of BlackRock Floating Rate Income Trust and Natural Resource Partners L.P. 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: BGT is classified in Financial Services; NRP is classified in Energy. Margin, capital intensity, and valuation differences should be interpreted in that sector context.

BGT

BlackRock Floating Rate Income Trust

$328M

$10.99Financial ServicesDelayed quote: Sep 11, 2026, 4:00 PM EDT

NRP

Natural Resource Partners L.P.

$1.47B

$111.10EnergyDelayed quote: Sep 11, 2026, 4:00 PM EDT

Total return — BGT vs NRP

growth of $100 · dividends reinvested · last 10y

BGT +89.5% (+6.6%/yr)NRP +681.6% (+22.8%/yr)NRP compounded faster over this window

BGT NRP

BGT vs NRP: by the numbers

•NRP is the larger company ($1.47B vs $328M market cap).
•BGT converts more revenue to profit (73.11% vs 54.00% net margin).
•NRP grew revenue faster over the past five years (7.90% vs 1.46% CAGR).
•BGT pays the higher dividend yield (13.17% vs 2.83%).

Metrics side by side

Valuation

Metric	BGT	NRP
P/E ratio	N/A	14.17
Forward P/E	N/A	24.94
P/S ratio	N/A	7.60
P/B ratio	0.99	2.26
EV / EBITDA	N/A	9.99
FCF yield	N/A	10.86%

Profitability

Metric	BGT	NRP
Gross margin	84.12%	81.55%
Operating margin	90.60%	62.58%
Net margin	73.11%	54.00%
ROE	7.53%	16.09%
ROIC	N/A	16.32%

Dividends

Metric	BGT	NRP
Dividend yield	13.17%	2.83%
Payout ratio	N/A	39.80%

Growth (annualized)

Metric	BGT	NRP
Revenue CAGR (5Y)	1.46%	7.90%
EPS CAGR (5Y)	43.50%	N/A
FCF CAGR (5Y)	N/A	16.63%
Total return CAGR (5Y)	6.66%	47.46%

Frequently asked

Which has grown faster, BGT or NRP?: Over the past five years, NRP grew revenue faster — BGT at a 1.46% CAGR versus NRP at 7.90%.
Does BGT or NRP pay a bigger dividend?: BGT yields 13.17% and NRP yields 2.83% based on trailing dividends and the latest price.
Is BGT or NRP more profitable?: BGT runs the higher net margin — BGT at 73.11% versus NRP at 54.00%.
How have BGT and NRP total returns compared?: Over the past 10 years, BGT delivered 6.61% and NRP delivered 23.50% annualized total return. Past performance doesn't predict future results.

Go deeper

Full BGT analysis Full NRP analysis Interactive comparison tool

Dig into the metrics

Natural Resource Partners L.P. P/E ratio BlackRock Floating Rate Income dividend yield Natural Resource Partners L.P. dividend yield BlackRock Floating Rate Income ROE Natural Resource Partners L.P. ROE BlackRock Floating Rate Income operating margin Natural Resource Partners L.P. operating margin BlackRock Floating Rate Income revenue growth Natural Resource Partners L.P. revenue growth Natural Resource Partners L.P. free cash flow

BlackRock Floating Rate Income & Natural Resource Partners L.P. appear in these rankings

Highest Dividend Yield Stocks Highest Operating Margin Stocks Highest FCF Yield Stocks Highest 10-Year Total Return Stocks

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.