Dorchester Minerals, L.P. (DMLP) vs Natural Resource Partners L.P. (NRP)
A side-by-side comparison of Dorchester Minerals, L.P. and Natural Resource Partners L.P. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.
DMLP
Dorchester Minerals, L.P.
$28.33EnergyDelayed quote: Sep 28, 2026, 4:00 PM EDT
NRP
Natural Resource Partners L.P.
$109.71EnergyDelayed quote: Sep 28, 2026, 4:00 PM EDT
Total return — DMLP vs NRP
growth of $100 · dividends reinvested · last 10yDMLP +465.0% (+18.9%/yr)NRP +688.1% (+22.9%/yr)NRP compounded faster over this window
DMLP NRP
DMLP vs NRP: by the numbers
- •NRP is the larger company ($1.45B vs $1.37B market cap).
- •NRP trades at the lower trailing earnings multiple (13.99 vs 15.65 P/E), one valuation lens rather than an overall verdict.
- •NRP converts more revenue to profit (54.00% vs 45.68% net margin).
- •DMLP grew revenue faster over the past five years (24.68% vs 7.90% CAGR).
- •DMLP pays the higher dividend yield (10.81% vs 2.81%).
Metrics side by side
Valuation
| Metric | DMLP | NRP |
|---|---|---|
| P/E ratio | 15.65 | 13.99 |
| Forward P/E | N/A | 24.63 |
| P/S ratio | 7.11 | 7.51 |
| P/B ratio | 4.50 | 2.24 |
| EV / EBITDA | 7.38 | 9.86 |
| FCF yield | 11.46% | 10.99% |
Profitability
| Metric | DMLP | NRP |
|---|---|---|
| Gross margin | 46.24% | 81.55% |
| Operating margin | 37.53% | 62.58% |
| Net margin | 45.68% | 54.00% |
| ROE | 28.92% | 16.09% |
| ROIC | 34.01% | 16.32% |
Dividends
| Metric | DMLP | NRP |
|---|---|---|
| Dividend yield | 10.81% | 2.81% |
| Payout ratio | 176.44% | 39.80% |
Growth (annualized)
| Metric | DMLP | NRP |
|---|---|---|
| Revenue CAGR (5Y) | 24.68% | 7.90% |
| EPS CAGR (5Y) | 14.49% | N/A |
| FCF CAGR (5Y) | 30.63% | 16.63% |
| Total return CAGR (5Y) | 25.09% | 47.67% |
Frequently asked
- Which has the lower trailing P/E, DMLP or NRP?
- NRP has the lower trailing P/E: DMLP trades at 15.65 and NRP at 13.99. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, DMLP or NRP?
- Over the past five years, DMLP grew revenue faster — DMLP at a 24.68% CAGR versus NRP at 7.90%.
- Does DMLP or NRP pay a bigger dividend?
- DMLP yields 10.81% and NRP yields 2.81% based on trailing dividends and the latest price.
- Is DMLP or NRP more profitable?
- NRP runs the higher net margin — DMLP at 45.68% versus NRP at 54.00%.
- How have DMLP and NRP total returns compared?
- Over the past 10 years, DMLP delivered 18.90% and NRP delivered 23.59% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Dorchester Minerals, L.P. P/E ratioNatural Resource Partners L.P. P/E ratioDorchester Minerals, L.P. dividend yieldNatural Resource Partners L.P. dividend yieldDorchester Minerals, L.P. ROENatural Resource Partners L.P. ROEDorchester Minerals, L.P. operating marginNatural Resource Partners L.P. operating marginDorchester Minerals, L.P. revenue growthNatural Resource Partners L.P. revenue growthDorchester Minerals, L.P. free cash flowNatural Resource Partners L.P. free cash flow
Dorchester Minerals, L.P. & Natural Resource Partners L.P. 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 13, 2026.