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Side-by-side financial comparison of DORCHESTER MINERALS, L.P. (DMLP) and INNODATA INC (INOD). Click either name above to swap in a different company.

INNODATA INC is the larger business by last-quarter revenue ($72.4M vs $41.9M, roughly 1.7× DORCHESTER MINERALS, L.P.). DORCHESTER MINERALS, L.P. runs the higher net margin — 38.7% vs 12.2%, a 26.5% gap on every dollar of revenue. On growth, INNODATA INC posted the faster year-over-year revenue change (22.3% vs 5.4%). Over the past eight quarters, INNODATA INC's revenue compounded faster (65.3% 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.

Innodata Inc., formerly Innodata Isogen, Inc., is an American company that provides business process, technology and consulting services. The company also provides products that aim to help clients create, manage, use and distribute digital information.

DMLP vs INOD — Head-to-Head

Bigger by revenue
INOD
INOD
1.7× larger
INOD
$72.4M
$41.9M
DMLP
Growing faster (revenue YoY)
INOD
INOD
+16.9% gap
INOD
22.3%
5.4%
DMLP
Higher net margin
DMLP
DMLP
26.5% more per $
DMLP
38.7%
12.2%
INOD
Faster 2-yr revenue CAGR
INOD
INOD
Annualised
INOD
65.3%
16.2%
DMLP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DMLP
DMLP
INOD
INOD
Revenue
$41.9M
$72.4M
Net Profit
$16.2M
$8.8M
Gross Margin
38.3%
Operating Margin
15.1%
Net Margin
38.7%
12.2%
Revenue YoY
5.4%
22.3%
Net Profit YoY
13.7%
-14.2%
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.

Revenue
DMLP
DMLP
INOD
INOD
Q4 25
$41.9M
$72.4M
Q3 25
$35.4M
$62.5M
Q2 25
$32.4M
$58.4M
Q1 25
$43.2M
$58.3M
Q4 24
$39.7M
$59.2M
Q3 24
$53.5M
$52.2M
Q2 24
$37.4M
$32.6M
Q1 24
$31.0M
$26.5M
Net Profit
DMLP
DMLP
INOD
INOD
Q4 25
$16.2M
$8.8M
Q3 25
$11.2M
$8.3M
Q2 25
$12.3M
$7.2M
Q1 25
$17.6M
$7.8M
Q4 24
$14.2M
$10.3M
Q3 24
$36.4M
$17.4M
Q2 24
$23.6M
$-14.0K
Q1 24
$18.2M
$989.0K
Gross Margin
DMLP
DMLP
INOD
INOD
Q4 25
38.3%
Q3 25
40.8%
Q2 25
39.4%
Q1 25
39.9%
Q4 24
45.2%
Q3 24
40.8%
Q2 24
28.7%
Q1 24
36.4%
Operating Margin
DMLP
DMLP
INOD
INOD
Q4 25
15.1%
Q3 25
18.8%
Q2 25
15.3%
Q1 25
14.2%
Q4 24
19.0%
Q3 24
21.9%
Q2 24
1.0%
Q1 24
5.0%
Net Margin
DMLP
DMLP
INOD
INOD
Q4 25
38.7%
12.2%
Q3 25
31.5%
13.3%
Q2 25
38.1%
12.4%
Q1 25
40.9%
13.3%
Q4 24
35.9%
17.4%
Q3 24
68.1%
33.3%
Q2 24
63.2%
-0.0%
Q1 24
58.6%
3.7%
EPS (diluted)
DMLP
DMLP
INOD
INOD
Q4 25
$0.26
Q3 25
$0.24
Q2 25
$0.20
Q1 25
$0.22
Q4 24
$0.35
Q3 24
$0.51
Q2 24
$0.00
Q1 24
$0.03

Balance Sheet & Financial Strength

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

Metric
DMLP
DMLP
INOD
INOD
Cash + ST InvestmentsLiquidity on hand
$41.9M
$82.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$107.1M
Total Assets
$309.6M
$168.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DMLP
DMLP
INOD
INOD
Q4 25
$41.9M
$82.2M
Q3 25
$41.6M
$73.9M
Q2 25
$36.5M
$59.8M
Q1 25
$41.5M
$56.6M
Q4 24
$42.5M
$46.9M
Q3 24
$56.5M
$26.4M
Q2 24
$35.2M
$16.5M
Q1 24
$37.7M
$19.0M
Stockholders' Equity
DMLP
DMLP
INOD
INOD
Q4 25
$107.1M
Q3 25
$97.3M
Q2 25
$86.7M
Q1 25
$75.5M
Q4 24
$63.5M
Q3 24
$47.7M
Q2 24
$29.0M
Q1 24
$27.6M
Total Assets
DMLP
DMLP
INOD
INOD
Q4 25
$309.6M
$168.6M
Q3 25
$330.4M
$152.9M
Q2 25
$325.6M
$132.6M
Q1 25
$349.0M
$125.2M
Q4 24
$366.8M
$113.4M
Q3 24
$403.4M
$88.2M
Q2 24
$176.0M
$66.0M
Q1 24
$184.8M
$63.6M

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
INOD
INOD
Operating Cash FlowLast quarter
$34.3M
$12.9M
Free Cash FlowOCF − Capex
$10.1M
FCF MarginFCF / Revenue
13.9%
Capex IntensityCapex / Revenue
3.9%
Cash ConversionOCF / Net Profit
2.12×
1.46×
TTM Free Cash FlowTrailing 4 quarters
$35.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DMLP
DMLP
INOD
INOD
Q4 25
$34.3M
$12.9M
Q3 25
$34.3M
$18.8M
Q2 25
$30.5M
$4.2M
Q1 25
$33.4M
$10.9M
Q4 24
$31.5M
$17.2M
Q3 24
$43.7M
$11.4M
Q2 24
$29.4M
$-454.0K
Q1 24
$28.0M
$6.8M
Free Cash Flow
DMLP
DMLP
INOD
INOD
Q4 25
$10.1M
Q3 25
$14.5M
Q2 25
$2.5M
Q1 25
$8.5M
Q4 24
$15.0M
Q3 24
$9.9M
Q2 24
$-3.2M
Q1 24
$5.4M
FCF Margin
DMLP
DMLP
INOD
INOD
Q4 25
13.9%
Q3 25
23.2%
Q2 25
4.3%
Q1 25
14.6%
Q4 24
25.3%
Q3 24
19.0%
Q2 24
-9.8%
Q1 24
20.5%
Capex Intensity
DMLP
DMLP
INOD
INOD
Q4 25
3.9%
Q3 25
6.8%
Q2 25
2.9%
Q1 25
4.0%
Q4 24
3.7%
Q3 24
2.8%
Q2 24
8.4%
Q1 24
5.1%
Cash Conversion
DMLP
DMLP
INOD
INOD
Q4 25
2.12×
1.46×
Q3 25
3.07×
2.25×
Q2 25
2.47×
0.59×
Q1 25
1.89×
1.40×
Q4 24
2.21×
1.67×
Q3 24
1.20×
0.65×
Q2 24
1.25×
Q1 24
1.54×
6.84×

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%

INOD
INOD

Segment breakdown not available.

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