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Side-by-side financial comparison of Cambium Networks Corp (CMBM) and NATURAL RESOURCE PARTNERS LP (NRP). Click either name above to swap in a different company.
NATURAL RESOURCE PARTNERS LP is the larger business by last-quarter revenue ($51.3M vs $40.3M, roughly 1.3× Cambium Networks Corp). NATURAL RESOURCE PARTNERS LP runs the higher net margin — 78.5% vs -17.9%, a 96.5% gap on every dollar of revenue. On growth, NATURAL RESOURCE PARTNERS LP posted the faster year-over-year revenue change (-21.8% vs -23.2%). Over the past eight quarters, NATURAL RESOURCE PARTNERS LP's revenue compounded faster (-8.3% CAGR vs -27.2%).
Cambium Networks Corporation is an American manufacturer of wireless telecommunications equipment, including Enterprise WiFi, Network switch, Internet of Things, and fixed wireless broadband and Wi-Fi for enterprises products for Internet access. Publicly traded on the NASDAQ stock exchange, it spun out of Motorola in October 2011.
Natural Resource Partners LP is a U.S.-headquartered master limited partnership that owns, manages and leases mineral reserve interests. Its asset portfolio covers coal, aggregates, industrial minerals and oil & gas, with operations primarily across North America, deriving most revenue from royalties paid by third-party resource extraction operators.
CMBM vs NRP — Head-to-Head
Income Statement — Q4 FY2024 vs Q1 FY2025
| Metric | | |
|---|---|---|
| Revenue | $40.3M | $51.3M |
| Net Profit | $-7.2M | $40.3M |
| Gross Margin | 36.6% | — |
| Operating Margin | -28.4% | 83.7% |
| Net Margin | -17.9% | 78.5% |
| Revenue YoY | -23.2% | -21.8% |
| Net Profit YoY | 71.0% | -28.4% |
| EPS (diluted) | $-0.26 | — |
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.
| Q1 25 | — | $51.3M | ||
| Q4 24 | $40.3M | $61.8M | ||
| Q3 24 | $44.7M | $50.4M | ||
| Q2 24 | $45.2M | $54.6M | ||
| Q1 24 | $47.1M | $65.6M | ||
| Q4 23 | $52.5M | $72.9M | ||
| Q3 23 | $44.6M | $68.5M | ||
| Q2 23 | $53.7M | $61.0M |
| Q1 25 | — | $40.3M | ||
| Q4 24 | $-7.2M | $42.8M | ||
| Q3 24 | $-34.5M | $38.6M | ||
| Q2 24 | $-14.2M | $46.1M | ||
| Q1 24 | $-18.4M | $56.2M | ||
| Q4 23 | $-24.9M | $65.0M | ||
| Q3 23 | $-36.4M | $63.8M | ||
| Q2 23 | $-13.4M | $70.3M |
| Q1 25 | — | — | ||
| Q4 24 | 36.6% | — | ||
| Q3 24 | 43.6% | — | ||
| Q2 24 | 32.5% | — | ||
| Q1 24 | 29.8% | — | ||
| Q4 23 | 15.2% | — | ||
| Q3 23 | 26.7% | — | ||
| Q2 23 | 39.0% | — |
| Q1 25 | — | 83.7% | ||
| Q4 24 | -28.4% | 74.9% | ||
| Q3 24 | -69.6% | 84.9% | ||
| Q2 24 | -27.2% | 92.3% | ||
| Q1 24 | -33.1% | 91.0% | ||
| Q4 23 | -44.5% | 94.5% | ||
| Q3 23 | -46.2% | 98.8% | ||
| Q2 23 | -20.9% | — |
| Q1 25 | — | 78.5% | ||
| Q4 24 | -17.9% | 69.2% | ||
| Q3 24 | -77.3% | 76.6% | ||
| Q2 24 | -31.5% | 84.4% | ||
| Q1 24 | -39.2% | 85.7% | ||
| Q4 23 | -47.5% | 89.1% | ||
| Q3 23 | -81.5% | 93.2% | ||
| Q2 23 | -25.0% | 115.3% |
| Q1 25 | — | — | ||
| Q4 24 | $-0.26 | — | ||
| Q3 24 | $-1.22 | — | ||
| Q2 24 | $-0.51 | — | ||
| Q1 24 | $-0.66 | — | ||
| Q4 23 | $-0.90 | — | ||
| Q3 23 | $-1.32 | — | ||
| Q2 23 | $-0.49 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $30.9M |
| Total DebtLower is stronger | $67.6M | $138.8M |
| Stockholders' EquityBook value | $-3.2M | — |
| Total Assets | $173.7M | $772.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 25 | — | $30.9M | ||
| Q4 24 | — | $30.4M | ||
| Q3 24 | — | $30.9M | ||
| Q2 24 | — | $32.3M | ||
| Q1 24 | — | $11.0M | ||
| Q4 23 | — | $12.0M | ||
| Q3 23 | — | $18.4M | ||
| Q2 23 | — | $10.7M |
| Q1 25 | — | $138.8M | ||
| Q4 24 | $67.6M | $142.1M | ||
| Q3 24 | $67.6M | $197.4M | ||
| Q2 24 | $68.9M | $210.3M | ||
| Q1 24 | $63.8M | $188.8M | ||
| Q4 23 | $25.1M | $155.1M | ||
| Q3 23 | $25.8M | $207.5M | ||
| Q2 23 | $26.4M | $182.4M |
| Q1 25 | — | — | ||
| Q4 24 | $-3.2M | — | ||
| Q3 24 | $1.9M | — | ||
| Q2 24 | $34.1M | — | ||
| Q1 24 | $45.0M | — | ||
| Q4 23 | $61.1M | — | ||
| Q3 23 | $82.5M | — | ||
| Q2 23 | $116.5M | — |
| Q1 25 | — | $772.5M | ||
| Q4 24 | $173.7M | $772.9M | ||
| Q3 24 | $194.3M | $772.9M | ||
| Q2 24 | $221.1M | $789.6M | ||
| Q1 24 | $219.8M | $772.9M | ||
| Q4 23 | $209.1M | $797.9M | ||
| Q3 23 | $222.4M | $815.2M | ||
| Q2 23 | $275.7M | $820.3M |
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 36.12× | — | ||
| Q2 24 | 2.02× | — | ||
| Q1 24 | 1.42× | — | ||
| Q4 23 | 0.41× | — | ||
| Q3 23 | 0.31× | — | ||
| Q2 23 | 0.23× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-10.4M | $34.4M |
| Free Cash FlowOCF − Capex | $-10.8M | — |
| FCF MarginFCF / Revenue | -26.8% | — |
| Capex IntensityCapex / Revenue | 1.1% | — |
| Cash ConversionOCF / Net Profit | — | 0.86× |
| TTM Free Cash FlowTrailing 4 quarters | $-21.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 25 | — | $34.4M | ||
| Q4 24 | $-10.4M | $66.2M | ||
| Q3 24 | $8.9M | $54.1M | ||
| Q2 24 | $2.4M | $56.6M | ||
| Q1 24 | $-15.9M | $71.5M | ||
| Q4 23 | $-5.8M | $77.8M | ||
| Q3 23 | $-345.0K | $78.9M | ||
| Q2 23 | $-4.5M | $81.3M |
| Q1 25 | — | — | ||
| Q4 24 | $-10.8M | — | ||
| Q3 24 | $6.8M | — | ||
| Q2 24 | $87.0K | — | ||
| Q1 24 | $-17.4M | — | ||
| Q4 23 | $-7.4M | — | ||
| Q3 23 | $-1.5M | — | ||
| Q2 23 | $-5.2M | $81.3M |
| Q1 25 | — | — | ||
| Q4 24 | -26.8% | — | ||
| Q3 24 | 15.2% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | -37.0% | — | ||
| Q4 23 | -14.0% | — | ||
| Q3 23 | -3.3% | — | ||
| Q2 23 | -9.7% | 133.3% |
| Q1 25 | — | — | ||
| Q4 24 | 1.1% | 0.0% | ||
| Q3 24 | 4.8% | 0.0% | ||
| Q2 24 | 5.1% | 0.0% | ||
| Q1 24 | 3.3% | 0.0% | ||
| Q4 23 | 3.1% | 0.0% | ||
| Q3 23 | 2.5% | 0.0% | ||
| Q2 23 | 1.2% | 0.0% |
| Q1 25 | — | 0.86× | ||
| Q4 24 | — | 1.55× | ||
| Q3 24 | — | 1.40× | ||
| Q2 24 | — | 1.23× | ||
| Q1 24 | — | 1.27× | ||
| Q4 23 | — | 1.20× | ||
| Q3 23 | — | 1.24× | ||
| Q2 23 | — | 1.16× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CMBM
| Enterprise | $16.6M | 41% |
| Point To Multi Point | $16.4M | 41% |
| Other | $5.8M | 14% |
NRP
| Coal Royalty Revenues | $35.5M | 69% |
| Soda Ash Segment | $4.6M | 9% |
| Transportation And Processing Services | $4.4M | 9% |
| Production Lease Minimum Revenues | $2.7M | 5% |
| Oil And Gas Royalty Revenues | $2.4M | 5% |
| Other | $1.6M | 3% |
