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Side-by-side financial comparison of DORCHESTER MINERALS, L.P. (DMLP) and ONE LIBERTY PROPERTIES INC (OLP). 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 $24.7M, roughly 1.7× ONE LIBERTY PROPERTIES INC). DORCHESTER MINERALS, L.P. runs the higher net margin — 38.7% vs 9.7%, a 28.9% gap on every dollar of revenue. On growth, DORCHESTER MINERALS, L.P. posted the faster year-over-year revenue change (5.4% vs 3.7%). Over the past eight quarters, DORCHESTER MINERALS, L.P.'s revenue compounded faster (16.2% CAGR vs 4.4%).

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.

Liberty Media Corporation is an American mass media company founded by John C. Malone in 1991. The company has two divisions, represented by separate tracking stocks, reflecting its ownership stakes in the Formula One Group and Live Nation Entertainment. As of 2025, Liberty Media owned three global motorsport businesses in the form of Formula One, MotoGP and World Superbikes.

DMLP vs OLP — Head-to-Head

Bigger by revenue
DMLP
DMLP
1.7× larger
DMLP
$41.9M
$24.7M
OLP
Growing faster (revenue YoY)
DMLP
DMLP
+1.7% gap
DMLP
5.4%
3.7%
OLP
Higher net margin
DMLP
DMLP
28.9% more per $
DMLP
38.7%
9.7%
OLP
Faster 2-yr revenue CAGR
DMLP
DMLP
Annualised
DMLP
16.2%
4.4%
OLP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DMLP
DMLP
OLP
OLP
Revenue
$41.9M
$24.7M
Net Profit
$16.2M
$2.4M
Gross Margin
Operating Margin
28.6%
Net Margin
38.7%
9.7%
Revenue YoY
5.4%
3.7%
Net Profit YoY
13.7%
-77.1%
EPS (diluted)
$0.10

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
OLP
OLP
Q4 25
$41.9M
$24.7M
Q3 25
$35.4M
$23.8M
Q2 25
$32.4M
$24.5M
Q1 25
$43.2M
$24.2M
Q4 24
$39.7M
$23.9M
Q3 24
$53.5M
$22.2M
Q2 24
$37.4M
$21.8M
Q1 24
$31.0M
$22.7M
Net Profit
DMLP
DMLP
OLP
OLP
Q4 25
$16.2M
$2.4M
Q3 25
$11.2M
$10.5M
Q2 25
$12.3M
$8.4M
Q1 25
$17.6M
$4.2M
Q4 24
$14.2M
$10.6M
Q3 24
$36.4M
$5.2M
Q2 24
$23.6M
$9.6M
Q1 24
$18.2M
$5.2M
Operating Margin
DMLP
DMLP
OLP
OLP
Q4 25
28.6%
Q3 25
66.7%
Q2 25
62.6%
Q1 25
39.8%
Q4 24
65.0%
Q3 24
45.0%
Q2 24
66.0%
Q1 24
44.1%
Net Margin
DMLP
DMLP
OLP
OLP
Q4 25
38.7%
9.7%
Q3 25
31.5%
44.1%
Q2 25
38.1%
34.3%
Q1 25
40.9%
17.2%
Q4 24
35.9%
44.1%
Q3 24
68.1%
23.3%
Q2 24
63.2%
43.8%
Q1 24
58.6%
22.7%
EPS (diluted)
DMLP
DMLP
OLP
OLP
Q4 25
$0.10
Q3 25
$0.48
Q2 25
$0.39
Q1 25
$0.18
Q4 24
$0.49
Q3 24
$0.23
Q2 24
$0.45
Q1 24
$0.23

Balance Sheet & Financial Strength

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

Metric
DMLP
DMLP
OLP
OLP
Cash + ST InvestmentsLiquidity on hand
$41.9M
$14.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$299.6M
Total Assets
$309.6M
$857.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DMLP
DMLP
OLP
OLP
Q4 25
$41.9M
$14.4M
Q3 25
$41.6M
$18.8M
Q2 25
$36.5M
$19.0M
Q1 25
$41.5M
$8.2M
Q4 24
$42.5M
$42.3M
Q3 24
$56.5M
$25.7M
Q2 24
$35.2M
$35.0M
Q1 24
$37.7M
$27.4M
Stockholders' Equity
DMLP
DMLP
OLP
OLP
Q4 25
$299.6M
Q3 25
$305.6M
Q2 25
$303.4M
Q1 25
$303.2M
Q4 24
$307.4M
Q3 24
$304.2M
Q2 24
$307.3M
Q1 24
$304.8M
Total Assets
DMLP
DMLP
OLP
OLP
Q4 25
$309.6M
$857.6M
Q3 25
$330.4M
$802.3M
Q2 25
$325.6M
$795.6M
Q1 25
$349.0M
$811.7M
Q4 24
$366.8M
$767.0M
Q3 24
$403.4M
$768.8M
Q2 24
$176.0M
$759.2M
Q1 24
$184.8M
$755.7M

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
OLP
OLP
Operating Cash FlowLast quarter
$34.3M
$37.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.12×
15.54×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DMLP
DMLP
OLP
OLP
Q4 25
$34.3M
$37.5M
Q3 25
$34.3M
$10.9M
Q2 25
$30.5M
$11.2M
Q1 25
$33.4M
$11.0M
Q4 24
$31.5M
$39.1M
Q3 24
$43.7M
$10.0M
Q2 24
$29.4M
$8.6M
Q1 24
$28.0M
$8.9M
Cash Conversion
DMLP
DMLP
OLP
OLP
Q4 25
2.12×
15.54×
Q3 25
3.07×
1.04×
Q2 25
2.47×
1.33×
Q1 25
1.89×
2.65×
Q4 24
2.21×
3.70×
Q3 24
1.20×
1.93×
Q2 24
1.25×
0.90×
Q1 24
1.54×
1.73×

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%

OLP
OLP

Segment breakdown not available.

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