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Side-by-side financial comparison of DORCHESTER MINERALS, L.P. (DMLP) and Integra Resources Corp. (ITRG). Click either name above to swap in a different company.

Integra Resources Corp. is the larger business by last-quarter revenue ($57.0M vs $41.9M, roughly 1.4× DORCHESTER MINERALS, L.P.). DORCHESTER MINERALS, L.P. runs the higher net margin — 38.7% vs -9.6%, a 48.3% gap on every dollar of revenue.

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.

Integra Resources Corp is a mineral exploration and development firm focused on advancing high-potential gold and silver projects. It primarily operates in the western United States, conducting geological surveys, resource assessment, and feasibility studies to unlock value from precious metal deposits while adhering to sustainable operational standards.

DMLP vs ITRG — Head-to-Head

Bigger by revenue
ITRG
ITRG
1.4× larger
ITRG
$57.0M
$41.9M
DMLP
Higher net margin
DMLP
DMLP
48.3% more per $
DMLP
38.7%
-9.6%
ITRG

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
DMLP
DMLP
ITRG
ITRG
Revenue
$41.9M
$57.0M
Net Profit
$16.2M
$-5.5M
Gross Margin
Operating Margin
Net Margin
38.7%
-9.6%
Revenue YoY
5.4%
Net Profit YoY
13.7%
EPS (diluted)

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
ITRG
ITRG
Q4 25
$41.9M
Q3 25
$35.4M
Q2 25
$32.4M
Q1 25
$43.2M
$57.0M
Q4 24
$39.7M
Q3 24
$53.5M
Q2 24
$37.4M
Q1 24
$31.0M
Net Profit
DMLP
DMLP
ITRG
ITRG
Q4 25
$16.2M
Q3 25
$11.2M
Q2 25
$12.3M
Q1 25
$17.6M
$-5.5M
Q4 24
$14.2M
Q3 24
$36.4M
Q2 24
$23.6M
Q1 24
$18.2M
Net Margin
DMLP
DMLP
ITRG
ITRG
Q4 25
38.7%
Q3 25
31.5%
Q2 25
38.1%
Q1 25
40.9%
-9.6%
Q4 24
35.9%
Q3 24
68.1%
Q2 24
63.2%
Q1 24
58.6%

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DMLP
DMLP
ITRG
ITRG
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 Assets
DMLP
DMLP
ITRG
ITRG
Q4 25
$309.6M
Q3 25
$330.4M
Q2 25
$325.6M
Q1 25
$349.0M
Q4 24
$366.8M
Q3 24
$403.4M
Q2 24
$176.0M
Q1 24
$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
DMLP
DMLP
ITRG
ITRG
Operating Cash FlowLast quarter
$34.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.12×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DMLP
DMLP
ITRG
ITRG
Q4 25
$34.3M
Q3 25
$34.3M
Q2 25
$30.5M
Q1 25
$33.4M
Q4 24
$31.5M
Q3 24
$43.7M
Q2 24
$29.4M
Q1 24
$28.0M
Cash Conversion
DMLP
DMLP
ITRG
ITRG
Q4 25
2.12×
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%

ITRG
ITRG

Segment breakdown not available.

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