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

LAKELAND INDUSTRIES INC is the larger business by last-quarter revenue ($47.6M vs $41.9M, roughly 1.1× DORCHESTER MINERALS, L.P.). DORCHESTER MINERALS, L.P. runs the higher net margin — 38.7% vs -33.5%, a 72.2% gap on every dollar of revenue. On growth, DORCHESTER MINERALS, L.P. posted the faster year-over-year revenue change (5.4% vs 4.0%). Over the past eight quarters, LAKELAND INDUSTRIES INC's revenue compounded faster (23.4% 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.

Lakeland Limited is a chain of British kitchenware stores in the United Kingdom. It is still based where it was founded in Windermere in the Lake District, the area the company is named after.

DMLP vs LAKE — Head-to-Head

Bigger by revenue
LAKE
LAKE
1.1× larger
LAKE
$47.6M
$41.9M
DMLP
Growing faster (revenue YoY)
DMLP
DMLP
+1.4% gap
DMLP
5.4%
4.0%
LAKE
Higher net margin
DMLP
DMLP
72.2% more per $
DMLP
38.7%
-33.5%
LAKE
Faster 2-yr revenue CAGR
LAKE
LAKE
Annualised
LAKE
23.4%
16.2%
DMLP

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
DMLP
DMLP
LAKE
LAKE
Revenue
$41.9M
$47.6M
Net Profit
$16.2M
$-16.0M
Gross Margin
29.7%
Operating Margin
-3.4%
Net Margin
38.7%
-33.5%
Revenue YoY
5.4%
4.0%
Net Profit YoY
13.7%
-18652.3%
EPS (diluted)
$-1.64

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
LAKE
LAKE
Q4 25
$41.9M
$47.6M
Q3 25
$35.4M
$52.5M
Q2 25
$32.4M
$46.7M
Q1 25
$43.2M
$46.6M
Q4 24
$39.7M
$45.8M
Q3 24
$53.5M
$38.5M
Q2 24
$37.4M
$36.3M
Q1 24
$31.0M
$31.2M
Net Profit
DMLP
DMLP
LAKE
LAKE
Q4 25
$16.2M
$-16.0M
Q3 25
$11.2M
$766.0K
Q2 25
$12.3M
$-3.9M
Q1 25
$17.6M
$-18.4M
Q4 24
$14.2M
$86.0K
Q3 24
$36.4M
$-1.4M
Q2 24
$23.6M
$1.7M
Q1 24
$18.2M
$-978.0K
Gross Margin
DMLP
DMLP
LAKE
LAKE
Q4 25
29.7%
Q3 25
35.8%
Q2 25
33.5%
Q1 25
40.1%
Q4 24
40.6%
Q3 24
39.6%
Q2 24
44.6%
Q1 24
35.9%
Operating Margin
DMLP
DMLP
LAKE
LAKE
Q4 25
-3.4%
Q3 25
-7.7%
Q2 25
-9.9%
Q1 25
-22.9%
Q4 24
1.8%
Q3 24
-4.1%
Q2 24
6.1%
Q1 24
-10.6%
Net Margin
DMLP
DMLP
LAKE
LAKE
Q4 25
38.7%
-33.5%
Q3 25
31.5%
1.5%
Q2 25
38.1%
-8.4%
Q1 25
40.9%
-39.5%
Q4 24
35.9%
0.2%
Q3 24
68.1%
-3.6%
Q2 24
63.2%
4.6%
Q1 24
58.6%
-3.1%
EPS (diluted)
DMLP
DMLP
LAKE
LAKE
Q4 25
$-1.64
Q3 25
$0.08
Q2 25
$-0.41
Q1 25
$-2.47
Q4 24
$0.01
Q3 24
$-0.19
Q2 24
$0.22
Q1 24
$-0.12

Balance Sheet & Financial Strength

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

Metric
DMLP
DMLP
LAKE
LAKE
Cash + ST InvestmentsLiquidity on hand
$41.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$134.5M
Total Assets
$309.6M
$220.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DMLP
DMLP
LAKE
LAKE
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
$27.4M
Total Debt
DMLP
DMLP
LAKE
LAKE
Q4 25
Q3 25
Q2 25
Q1 25
$16.4M
Q4 24
Q3 24
$2.9M
Q2 24
Q1 24
Stockholders' Equity
DMLP
DMLP
LAKE
LAKE
Q4 25
$134.5M
Q3 25
$147.3M
Q2 25
$143.4M
Q1 25
$146.6M
Q4 24
$124.7M
Q3 24
$124.7M
Q2 24
$125.1M
Q1 24
$123.5M
Total Assets
DMLP
DMLP
LAKE
LAKE
Q4 25
$309.6M
$220.7M
Q3 25
$330.4M
$226.3M
Q2 25
$325.6M
$218.1M
Q1 25
$349.0M
$212.5M
Q4 24
$366.8M
$201.2M
Q3 24
$403.4M
$198.4M
Q2 24
$176.0M
$171.5M
Q1 24
$184.8M
$153.7M
Debt / Equity
DMLP
DMLP
LAKE
LAKE
Q4 25
Q3 25
Q2 25
Q1 25
0.11×
Q4 24
Q3 24
0.02×
Q2 24
Q1 24

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
LAKE
LAKE
Operating Cash FlowLast quarter
$34.3M
$-7.9M
Free Cash FlowOCF − Capex
$-9.3M
FCF MarginFCF / Revenue
-19.5%
Capex IntensityCapex / Revenue
2.8%
Cash ConversionOCF / Net Profit
2.12×
TTM Free Cash FlowTrailing 4 quarters
$-24.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DMLP
DMLP
LAKE
LAKE
Q4 25
$34.3M
$-7.9M
Q3 25
$34.3M
$-4.8M
Q2 25
$30.5M
$-4.8M
Q1 25
$33.4M
$-3.4M
Q4 24
$31.5M
$-8.4M
Q3 24
$43.7M
$-4.3M
Q2 24
$29.4M
$293.0K
Q1 24
$28.0M
$3.2M
Free Cash Flow
DMLP
DMLP
LAKE
LAKE
Q4 25
$-9.3M
Q3 25
$-5.7M
Q2 25
$-6.0M
Q1 25
$-3.4M
Q4 24
$-9.1M
Q3 24
$-4.7M
Q2 24
$-173.0K
Q1 24
$2.6M
FCF Margin
DMLP
DMLP
LAKE
LAKE
Q4 25
-19.5%
Q3 25
-10.9%
Q2 25
-12.9%
Q1 25
-7.4%
Q4 24
-19.9%
Q3 24
-12.3%
Q2 24
-0.5%
Q1 24
8.4%
Capex Intensity
DMLP
DMLP
LAKE
LAKE
Q4 25
2.8%
Q3 25
1.8%
Q2 25
2.6%
Q1 25
0.1%
Q4 24
1.4%
Q3 24
1.0%
Q2 24
1.3%
Q1 24
1.8%
Cash Conversion
DMLP
DMLP
LAKE
LAKE
Q4 25
2.12×
Q3 25
3.07×
-6.29×
Q2 25
2.47×
Q1 25
1.89×
Q4 24
2.21×
-98.15×
Q3 24
1.20×
Q2 24
1.25×
0.18×
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%

LAKE
LAKE

United State$21.0M44%
Disposables$10.9M23%
Chemical$5.0M11%
Other Foreign$4.3M9%
Other$4.0M8%
High Performance Wear$2.4M5%

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