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

Inspired Entertainment, Inc. is the larger business by last-quarter revenue ($77.2M vs $41.9M, roughly 1.8× DORCHESTER MINERALS, L.P.). DORCHESTER MINERALS, L.P. runs the higher net margin — 38.7% vs -9.3%, a 48.0% gap on every dollar of revenue. On growth, DORCHESTER MINERALS, L.P. posted the faster year-over-year revenue change (5.4% vs -6.8%). Over the past eight quarters, DORCHESTER MINERALS, L.P.'s revenue compounded faster (16.2% CAGR vs 11.3%).

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.

Alchemy Copyrights, LLC, doing business as Concord, is an independent American entertainment company. It develops, manages and acquires sound recordings, music publishing rights, theatrical performance rights, and narrative content for film and television. Concord is majority owned by the State of Michigan Retirement System.

DMLP vs INSE — Head-to-Head

Bigger by revenue
INSE
INSE
1.8× larger
INSE
$77.2M
$41.9M
DMLP
Growing faster (revenue YoY)
DMLP
DMLP
+12.2% gap
DMLP
5.4%
-6.8%
INSE
Higher net margin
DMLP
DMLP
48.0% more per $
DMLP
38.7%
-9.3%
INSE
Faster 2-yr revenue CAGR
DMLP
DMLP
Annualised
DMLP
16.2%
11.3%
INSE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DMLP
DMLP
INSE
INSE
Revenue
$41.9M
$77.2M
Net Profit
$16.2M
$-7.2M
Gross Margin
Operating Margin
14.6%
Net Margin
38.7%
-9.3%
Revenue YoY
5.4%
-6.8%
Net Profit YoY
13.7%
-110.7%
EPS (diluted)
$-0.24

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
INSE
INSE
Q4 25
$41.9M
$77.2M
Q3 25
$35.4M
$86.2M
Q2 25
$32.4M
$80.3M
Q1 25
$43.2M
$60.4M
Q4 24
$39.7M
$82.8M
Q3 24
$53.5M
$77.2M
Q2 24
$37.4M
$74.8M
Q1 24
$31.0M
$62.3M
Net Profit
DMLP
DMLP
INSE
INSE
Q4 25
$16.2M
$-7.2M
Q3 25
$11.2M
$-1.9M
Q2 25
$12.3M
$-7.8M
Q1 25
$17.6M
$-100.0K
Q4 24
$14.2M
$67.0M
Q3 24
$36.4M
$2.8M
Q2 24
$23.6M
$1.4M
Q1 24
$18.2M
$-6.4M
Gross Margin
DMLP
DMLP
INSE
INSE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
74.5%
Operating Margin
DMLP
DMLP
INSE
INSE
Q4 25
14.6%
Q3 25
11.3%
Q2 25
9.8%
Q1 25
2.6%
Q4 24
15.6%
Q3 24
14.5%
Q2 24
11.6%
Q1 24
-3.4%
Net Margin
DMLP
DMLP
INSE
INSE
Q4 25
38.7%
-9.3%
Q3 25
31.5%
-2.2%
Q2 25
38.1%
-9.7%
Q1 25
40.9%
-0.2%
Q4 24
35.9%
80.9%
Q3 24
68.1%
3.6%
Q2 24
63.2%
1.9%
Q1 24
58.6%
-10.3%
EPS (diluted)
DMLP
DMLP
INSE
INSE
Q4 25
$-0.24
Q3 25
$-0.07
Q2 25
$-0.27
Q1 25
$0.00
Q4 24
$2.29
Q3 24
$0.10
Q2 24
$0.05
Q1 24
$-0.22

Balance Sheet & Financial Strength

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

Metric
DMLP
DMLP
INSE
INSE
Cash + ST InvestmentsLiquidity on hand
$41.9M
Total DebtLower is stronger
$363.2M
Stockholders' EquityBook value
$-16.2M
Total Assets
$309.6M
$439.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DMLP
DMLP
INSE
INSE
Q4 25
$41.9M
Q3 25
$41.6M
Q2 25
$36.5M
Q1 25
$41.5M
Q4 24
$42.5M
Q3 24
$56.5M
Q2 24
$35.2M
Q1 24
$37.7M
Total Debt
DMLP
DMLP
INSE
INSE
Q4 25
$363.2M
Q3 25
Q2 25
Q1 25
Q4 24
$313.2M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
DMLP
DMLP
INSE
INSE
Q4 25
$-16.2M
Q3 25
$-9.0M
Q2 25
$-9.5M
Q1 25
$-2.2M
Q4 24
$-3.3M
Q3 24
$-78.2M
Q2 24
$-77.1M
Q1 24
$-80.3M
Total Assets
DMLP
DMLP
INSE
INSE
Q4 25
$309.6M
$439.9M
Q3 25
$330.4M
$485.8M
Q2 25
$325.6M
$486.8M
Q1 25
$349.0M
$458.9M
Q4 24
$366.8M
$438.4M
Q3 24
$403.4M
$388.6M
Q2 24
$176.0M
$326.6M
Q1 24
$184.8M
$331.1M

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
INSE
INSE
Operating Cash FlowLast quarter
$34.3M
$1.2M
Free Cash FlowOCF − Capex
$-9.9M
FCF MarginFCF / Revenue
-12.8%
Capex IntensityCapex / Revenue
14.4%
Cash ConversionOCF / Net Profit
2.12×
TTM Free Cash FlowTrailing 4 quarters
$16.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DMLP
DMLP
INSE
INSE
Q4 25
$34.3M
$1.2M
Q3 25
$34.3M
$10.1M
Q2 25
$30.5M
$15.2M
Q1 25
$33.4M
$25.5M
Q4 24
$31.5M
$6.9M
Q3 24
$43.7M
$21.2M
Q2 24
$29.4M
$-2.4M
Q1 24
$28.0M
$6.0M
Free Cash Flow
DMLP
DMLP
INSE
INSE
Q4 25
$-9.9M
Q3 25
$4.3M
Q2 25
$5.6M
Q1 25
$16.3M
Q4 24
$1.6M
Q3 24
$16.8M
Q2 24
$-5.3M
Q1 24
$1.6M
FCF Margin
DMLP
DMLP
INSE
INSE
Q4 25
-12.8%
Q3 25
5.0%
Q2 25
7.0%
Q1 25
27.0%
Q4 24
1.9%
Q3 24
21.8%
Q2 24
-7.1%
Q1 24
2.6%
Capex Intensity
DMLP
DMLP
INSE
INSE
Q4 25
14.4%
Q3 25
6.7%
Q2 25
12.0%
Q1 25
15.2%
Q4 24
6.4%
Q3 24
5.7%
Q2 24
3.9%
Q1 24
7.1%
Cash Conversion
DMLP
DMLP
INSE
INSE
Q4 25
2.12×
Q3 25
3.07×
Q2 25
2.47×
Q1 25
1.89×
Q4 24
2.21×
0.10×
Q3 24
1.20×
7.57×
Q2 24
1.25×
-1.71×
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%

INSE
INSE

Gaming$36.3M47%
Interactive$17.8M23%
Leisure$13.7M18%
Product Sales$8.8M11%

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