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Side-by-side financial comparison of DORCHESTER MINERALS, L.P. (DMLP) and GOLD RESOURCE CORP (GORO). Click either name above to swap in a different company.

GOLD RESOURCE CORP is the larger business by last-quarter revenue ($51.3M vs $41.9M, roughly 1.2× DORCHESTER MINERALS, L.P.). DORCHESTER MINERALS, L.P. runs the higher net margin — 38.7% vs 35.1%, a 3.6% gap on every dollar of revenue. On growth, GOLD RESOURCE CORP posted the faster year-over-year revenue change (295.5% vs 5.4%). Over the past eight quarters, GOLD RESOURCE CORP's revenue compounded faster (65.6% CAGR vs 16.2%).

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.

Gold Springs Resource Corp is a Canadian company that is pursuing the development of the Gold Springs gold-silver mine on the border of Utah and Nevada in the United States. Headquartered in Vancouver, the company is listed on the Toronto Stock Exchange in Canada and the OTCQX market exchange in the US. The company was founded in 2006 as the South American Silver Corporation, an equity carve-out of the General Minerals Corporation, to pursue exploration and development of the Malku Khota and ...

DMLP vs GORO — Head-to-Head

Bigger by revenue
GORO
GORO
1.2× larger
GORO
$51.3M
$41.9M
DMLP
Growing faster (revenue YoY)
GORO
GORO
+290.1% gap
GORO
295.5%
5.4%
DMLP
Higher net margin
DMLP
DMLP
3.6% more per $
DMLP
38.7%
35.1%
GORO
Faster 2-yr revenue CAGR
GORO
GORO
Annualised
GORO
65.6%
16.2%
DMLP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DMLP
DMLP
GORO
GORO
Revenue
$41.9M
$51.3M
Net Profit
$16.2M
$18.0M
Gross Margin
51.5%
Operating Margin
38.9%
Net Margin
38.7%
35.1%
Revenue YoY
5.4%
295.5%
Net Profit YoY
13.7%
261.6%
EPS (diluted)
$0.14

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
DMLP
DMLP
GORO
GORO
Q4 25
$41.9M
$51.3M
Q3 25
$35.4M
$24.9M
Q2 25
$32.4M
$11.2M
Q1 25
$43.2M
$12.4M
Q4 24
$39.7M
$13.0M
Q3 24
$53.5M
$13.3M
Q2 24
$37.4M
$20.8M
Q1 24
$31.0M
$18.7M
Net Profit
DMLP
DMLP
GORO
GORO
Q4 25
$16.2M
$18.0M
Q3 25
$11.2M
$-4.7M
Q2 25
$12.3M
$-11.5M
Q1 25
$17.6M
$-8.3M
Q4 24
$14.2M
$-11.1M
Q3 24
$36.4M
$-12.7M
Q2 24
$23.6M
$-27.0M
Q1 24
$18.2M
$-5.7M
Gross Margin
DMLP
DMLP
GORO
GORO
Q4 25
51.5%
Q3 25
25.0%
Q2 25
-39.4%
Q1 25
-11.8%
Q4 24
-46.7%
Q3 24
-65.3%
Q2 24
-17.3%
Q1 24
-11.6%
Operating Margin
DMLP
DMLP
GORO
GORO
Q4 25
38.9%
Q3 25
-14.9%
Q2 25
-102.4%
Q1 25
-63.1%
Q4 24
-96.9%
Q3 24
-122.7%
Q2 24
-52.1%
Q1 24
-40.4%
Net Margin
DMLP
DMLP
GORO
GORO
Q4 25
38.7%
35.1%
Q3 25
31.5%
-18.7%
Q2 25
38.1%
-102.3%
Q1 25
40.9%
-67.3%
Q4 24
35.9%
-85.9%
Q3 24
68.1%
-95.5%
Q2 24
63.2%
-129.9%
Q1 24
58.6%
-30.4%
EPS (diluted)
DMLP
DMLP
GORO
GORO
Q4 25
$0.14
Q3 25
$-0.03
Q2 25
$-0.09
Q1 25
$-0.07
Q4 24
$-0.11
Q3 24
$-0.14
Q2 24
$-0.30
Q1 24
$-0.06

Balance Sheet & Financial Strength

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

Metric
DMLP
DMLP
GORO
GORO
Cash + ST InvestmentsLiquidity on hand
$41.9M
$25.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$44.0M
Total Assets
$309.6M
$184.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DMLP
DMLP
GORO
GORO
Q4 25
$41.9M
$25.0M
Q3 25
$41.6M
$9.8M
Q2 25
$36.5M
$12.7M
Q1 25
$41.5M
$4.9M
Q4 24
$42.5M
$1.6M
Q3 24
$56.5M
$1.4M
Q2 24
$35.2M
$5.3M
Q1 24
$37.7M
$5.7M
Stockholders' Equity
DMLP
DMLP
GORO
GORO
Q4 25
$44.0M
Q3 25
$26.0M
Q2 25
$19.2M
Q1 25
$24.6M
Q4 24
$27.3M
Q3 24
$37.9M
Q2 24
$49.8M
Q1 24
$74.9M
Total Assets
DMLP
DMLP
GORO
GORO
Q4 25
$309.6M
$184.1M
Q3 25
$330.4M
$164.3M
Q2 25
$325.6M
$155.1M
Q1 25
$349.0M
$147.7M
Q4 24
$366.8M
$145.9M
Q3 24
$403.4M
$154.5M
Q2 24
$176.0M
$161.5M
Q1 24
$184.8M
$182.8M

Cash Flow & Capital Efficiency

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

Metric
DMLP
DMLP
GORO
GORO
Operating Cash FlowLast quarter
$34.3M
$24.2M
Free Cash FlowOCF − Capex
$15.3M
FCF MarginFCF / Revenue
29.8%
Capex IntensityCapex / Revenue
17.3%
Cash ConversionOCF / Net Profit
2.12×
1.34×
TTM Free Cash FlowTrailing 4 quarters
$644.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DMLP
DMLP
GORO
GORO
Q4 25
$34.3M
$24.2M
Q3 25
$34.3M
$-325.0K
Q2 25
$30.5M
$-1.3M
Q1 25
$33.4M
$-828.0K
Q4 24
$31.5M
$1.3M
Q3 24
$43.7M
$-3.4M
Q2 24
$29.4M
$-63.0K
Q1 24
$28.0M
$1.5M
Free Cash Flow
DMLP
DMLP
GORO
GORO
Q4 25
$15.3M
Q3 25
$-7.8M
Q2 25
$-3.8M
Q1 25
$-3.0M
Q4 24
$58.0K
Q3 24
$-5.7M
Q2 24
$-2.1M
Q1 24
$-512.0K
FCF Margin
DMLP
DMLP
GORO
GORO
Q4 25
29.8%
Q3 25
-31.3%
Q2 25
-34.2%
Q1 25
-24.4%
Q4 24
0.4%
Q3 24
-43.1%
Q2 24
-10.0%
Q1 24
-2.7%
Capex Intensity
DMLP
DMLP
GORO
GORO
Q4 25
17.3%
Q3 25
30.0%
Q2 25
22.6%
Q1 25
17.7%
Q4 24
9.8%
Q3 24
17.7%
Q2 24
9.7%
Q1 24
10.7%
Cash Conversion
DMLP
DMLP
GORO
GORO
Q4 25
2.12×
1.34×
Q3 25
3.07×
Q2 25
2.47×
Q1 25
1.89×
Q4 24
2.21×
Q3 24
1.20×
Q2 24
1.25×
Q1 24
1.54×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DMLP
DMLP

Royalties$34.0M81%
Other$7.8M19%

GORO
GORO

Segment breakdown not available.

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