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

DORCHESTER MINERALS, L.P. is the larger business by last-quarter revenue ($41.9M vs $39.3M, roughly 1.1× NIP Group Inc.). DORCHESTER MINERALS, L.P. runs the higher net margin — 38.7% vs -11.9%, a 50.5% 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.

DMLP vs NIPG — Head-to-Head

Bigger by revenue
DMLP
DMLP
1.1× larger
DMLP
$41.9M
$39.3M
NIPG
Higher net margin
DMLP
DMLP
50.5% more per $
DMLP
38.7%
-11.9%
NIPG

Income Statement — Q4 FY2025 vs Q2 FY2024

Metric
DMLP
DMLP
NIPG
NIPG
Revenue
$41.9M
$39.3M
Net Profit
$16.2M
$-4.7M
Gross Margin
6.0%
Operating Margin
-13.0%
Net Margin
38.7%
-11.9%
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
NIPG
NIPG
Q4 25
$41.9M
Q3 25
$35.4M
Q2 25
$32.4M
Q1 25
$43.2M
Q4 24
$39.7M
Q3 24
$53.5M
Q2 24
$37.4M
$39.3M
Q1 24
$31.0M
Net Profit
DMLP
DMLP
NIPG
NIPG
Q4 25
$16.2M
Q3 25
$11.2M
Q2 25
$12.3M
Q1 25
$17.6M
Q4 24
$14.2M
Q3 24
$36.4M
Q2 24
$23.6M
$-4.7M
Q1 24
$18.2M
Gross Margin
DMLP
DMLP
NIPG
NIPG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
6.0%
Q1 24
Operating Margin
DMLP
DMLP
NIPG
NIPG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-13.0%
Q1 24
Net Margin
DMLP
DMLP
NIPG
NIPG
Q4 25
38.7%
Q3 25
31.5%
Q2 25
38.1%
Q1 25
40.9%
Q4 24
35.9%
Q3 24
68.1%
Q2 24
63.2%
-11.9%
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
NIPG
NIPG
Cash + ST InvestmentsLiquidity on hand
$41.9M
$6.8M
Total DebtLower is stronger
$3.8M
Stockholders' EquityBook value
Total Assets
$309.6M
$305.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DMLP
DMLP
NIPG
NIPG
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
$6.8M
Q1 24
$37.7M
Total Debt
DMLP
DMLP
NIPG
NIPG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$3.8M
Q1 24
Total Assets
DMLP
DMLP
NIPG
NIPG
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
$305.3M
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
NIPG
NIPG
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
NIPG
NIPG
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
NIPG
NIPG
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%

NIPG
NIPG

Segment breakdown not available.

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