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Side-by-side financial comparison of Bankwell Financial Group, Inc. (BWFG) and DORCHESTER MINERALS, L.P. (DMLP). Click either name above to swap in a different company.

DORCHESTER MINERALS, L.P. is the larger business by last-quarter revenue ($41.9M vs $30.3M, roughly 1.4× Bankwell Financial Group, Inc.). On growth, Bankwell Financial Group, Inc. posted the faster year-over-year revenue change (43.3% vs 5.4%). Over the past eight quarters, Bankwell Financial Group, Inc.'s revenue compounded faster (17.2% CAGR vs 16.2%).

Bankwell Financial Group, Inc. is a US-based bank holding company that provides a full suite of personal and commercial banking products and services, including deposit accounts, mortgage loans, commercial lending, and wealth management solutions. It primarily serves local communities, retail customers, and small to medium-sized enterprises across Connecticut.

Dorchester Minerals, L.P. is a publicly traded master limited partnership based in the United States. It acquires, owns, and manages a diversified portfolio of royalty interests, net profit interests, and mineral properties associated with oil, natural gas, and natural gas liquids production across key onshore U.S. energy basins, delivering stable cash flow returns to its unitholders.

BWFG vs DMLP — Head-to-Head

Bigger by revenue
DMLP
DMLP
1.4× larger
DMLP
$41.9M
$30.3M
BWFG
Growing faster (revenue YoY)
BWFG
BWFG
+37.9% gap
BWFG
43.3%
5.4%
DMLP
Faster 2-yr revenue CAGR
BWFG
BWFG
Annualised
BWFG
17.2%
16.2%
DMLP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BWFG
BWFG
DMLP
DMLP
Revenue
$30.3M
$41.9M
Net Profit
$16.2M
Gross Margin
Operating Margin
46.9%
Net Margin
38.7%
Revenue YoY
43.3%
5.4%
Net Profit YoY
13.7%
EPS (diluted)
$1.16

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
BWFG
BWFG
DMLP
DMLP
Q4 25
$30.3M
$41.9M
Q3 25
$28.5M
$35.4M
Q2 25
$25.9M
$32.4M
Q1 25
$23.6M
$43.2M
Q4 24
$21.2M
$39.7M
Q3 24
$21.9M
$53.5M
Q2 24
$21.9M
$37.4M
Q1 24
$22.1M
$31.0M
Net Profit
BWFG
BWFG
DMLP
DMLP
Q4 25
$16.2M
Q3 25
$10.1M
$11.2M
Q2 25
$9.1M
$12.3M
Q1 25
$6.9M
$17.6M
Q4 24
$14.2M
Q3 24
$1.9M
$36.4M
Q2 24
$1.1M
$23.6M
Q1 24
$3.8M
$18.2M
Operating Margin
BWFG
BWFG
DMLP
DMLP
Q4 25
46.9%
Q3 25
47.3%
Q2 25
45.5%
Q1 25
38.0%
Q4 24
19.2%
Q3 24
12.4%
Q2 24
6.7%
Q1 24
23.0%
Net Margin
BWFG
BWFG
DMLP
DMLP
Q4 25
38.7%
Q3 25
35.4%
31.5%
Q2 25
35.0%
38.1%
Q1 25
29.2%
40.9%
Q4 24
35.9%
Q3 24
8.8%
68.1%
Q2 24
5.1%
63.2%
Q1 24
17.1%
58.6%
EPS (diluted)
BWFG
BWFG
DMLP
DMLP
Q4 25
$1.16
Q3 25
$1.27
Q2 25
$1.15
Q1 25
$0.87
Q4 24
$0.37
Q3 24
$0.24
Q2 24
$0.14
Q1 24
$0.48

Balance Sheet & Financial Strength

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

Metric
BWFG
BWFG
DMLP
DMLP
Cash + ST InvestmentsLiquidity on hand
$192.1M
$41.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$301.5M
Total Assets
$3.4B
$309.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BWFG
BWFG
DMLP
DMLP
Q4 25
$192.1M
$41.9M
Q3 25
$128.2M
$41.6M
Q2 25
$142.6M
$36.5M
Q1 25
$136.0M
$41.5M
Q4 24
$146.1M
$42.5M
Q3 24
$145.9M
$56.5M
Q2 24
$138.0M
$35.2M
Q1 24
$126.2M
$37.7M
Stockholders' Equity
BWFG
BWFG
DMLP
DMLP
Q4 25
$301.5M
Q3 25
$292.8M
Q2 25
$283.3M
Q1 25
$275.2M
Q4 24
$270.5M
Q3 24
$267.9M
Q2 24
$267.0M
Q1 24
$268.0M
Total Assets
BWFG
BWFG
DMLP
DMLP
Q4 25
$3.4B
$309.6M
Q3 25
$3.2B
$330.4M
Q2 25
$3.2B
$325.6M
Q1 25
$3.2B
$349.0M
Q4 24
$3.3B
$366.8M
Q3 24
$3.2B
$403.4M
Q2 24
$3.1B
$176.0M
Q1 24
$3.2B
$184.8M

Cash Flow & Capital Efficiency

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

Metric
BWFG
BWFG
DMLP
DMLP
Operating Cash FlowLast quarter
$28.3M
$34.3M
Free Cash FlowOCF − Capex
$27.1M
FCF MarginFCF / Revenue
89.5%
Capex IntensityCapex / Revenue
3.8%
Cash ConversionOCF / Net Profit
2.12×
TTM Free Cash FlowTrailing 4 quarters
$47.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BWFG
BWFG
DMLP
DMLP
Q4 25
$28.3M
$34.3M
Q3 25
$10.3M
$34.3M
Q2 25
$6.5M
$30.5M
Q1 25
$3.9M
$33.4M
Q4 24
$29.9M
$31.5M
Q3 24
$-557.0K
$43.7M
Q2 24
$7.1M
$29.4M
Q1 24
$9.0M
$28.0M
Free Cash Flow
BWFG
BWFG
DMLP
DMLP
Q4 25
$27.1M
Q3 25
$9.9M
Q2 25
$6.1M
Q1 25
$3.8M
Q4 24
$29.3M
Q3 24
$-672.0K
Q2 24
$6.8M
Q1 24
$8.9M
FCF Margin
BWFG
BWFG
DMLP
DMLP
Q4 25
89.5%
Q3 25
34.9%
Q2 25
23.5%
Q1 25
16.2%
Q4 24
138.6%
Q3 24
-3.1%
Q2 24
31.0%
Q1 24
40.5%
Capex Intensity
BWFG
BWFG
DMLP
DMLP
Q4 25
3.8%
Q3 25
1.4%
Q2 25
1.5%
Q1 25
0.4%
Q4 24
2.9%
Q3 24
0.5%
Q2 24
1.7%
Q1 24
0.4%
Cash Conversion
BWFG
BWFG
DMLP
DMLP
Q4 25
2.12×
Q3 25
1.03×
3.07×
Q2 25
0.71×
2.47×
Q1 25
0.57×
1.89×
Q4 24
2.21×
Q3 24
-0.29×
1.20×
Q2 24
6.39×
1.25×
Q1 24
2.40×
1.54×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BWFG
BWFG

Segment breakdown not available.

DMLP
DMLP

Royalties$34.0M81%
Other$7.8M19%

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