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Side-by-side financial comparison of DORCHESTER MINERALS, L.P. (DMLP) and OP Bancorp (OPBK). 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 $24.3M, roughly 1.7× OP Bancorp). On growth, OP Bancorp posted the faster year-over-year revenue change (13.7% vs 5.4%). Over the past eight quarters, DORCHESTER MINERALS, L.P.'s revenue compounded faster (16.2% CAGR vs 11.4%).

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.

OP Bancorp is the bank holding company for Open Bank, a community-oriented commercial bank headquartered in California, United States. It provides a full range of banking solutions including deposit accounts, commercial real estate loans, small business financing, and consumer lending products, primarily catering to small and medium-sized enterprises, local immigrant communities, and retail clients across Southern California.

DMLP vs OPBK — Head-to-Head

Bigger by revenue
DMLP
DMLP
1.7× larger
DMLP
$41.9M
$24.3M
OPBK
Growing faster (revenue YoY)
OPBK
OPBK
+8.3% gap
OPBK
13.7%
5.4%
DMLP
Faster 2-yr revenue CAGR
DMLP
DMLP
Annualised
DMLP
16.2%
11.4%
OPBK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DMLP
DMLP
OPBK
OPBK
Revenue
$41.9M
$24.3M
Net Profit
$16.2M
Gross Margin
Operating Margin
39.2%
Net Margin
38.7%
Revenue YoY
5.4%
13.7%
Net Profit YoY
13.7%
EPS (diluted)
$0.48

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
OPBK
OPBK
Q4 25
$41.9M
$24.3M
Q3 25
$35.4M
$24.5M
Q2 25
$32.4M
$23.7M
Q1 25
$43.2M
$22.2M
Q4 24
$39.7M
$21.3M
Q3 24
$53.5M
$20.7M
Q2 24
$37.4M
$20.4M
Q1 24
$31.0M
$19.6M
Net Profit
DMLP
DMLP
OPBK
OPBK
Q4 25
$16.2M
Q3 25
$11.2M
$6.7M
Q2 25
$12.3M
$6.3M
Q1 25
$17.6M
$5.6M
Q4 24
$14.2M
Q3 24
$36.4M
$5.4M
Q2 24
$23.6M
$5.4M
Q1 24
$18.2M
$5.2M
Operating Margin
DMLP
DMLP
OPBK
OPBK
Q4 25
39.2%
Q3 25
39.5%
Q2 25
35.7%
Q1 25
34.6%
Q4 24
31.2%
Q3 24
36.5%
Q2 24
37.2%
Q1 24
37.1%
Net Margin
DMLP
DMLP
OPBK
OPBK
Q4 25
38.7%
Q3 25
31.5%
27.4%
Q2 25
38.1%
26.7%
Q1 25
40.9%
25.0%
Q4 24
35.9%
Q3 24
68.1%
26.2%
Q2 24
63.2%
26.7%
Q1 24
58.6%
26.7%
EPS (diluted)
DMLP
DMLP
OPBK
OPBK
Q4 25
$0.48
Q3 25
$0.45
Q2 25
$0.42
Q1 25
$0.37
Q4 24
$0.33
Q3 24
$0.36
Q2 24
$0.36
Q1 24
$0.34

Balance Sheet & Financial Strength

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

Metric
DMLP
DMLP
OPBK
OPBK
Cash + ST InvestmentsLiquidity on hand
$41.9M
$167.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$227.9M
Total Assets
$309.6M
$2.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DMLP
DMLP
OPBK
OPBK
Q4 25
$41.9M
$167.3M
Q3 25
$41.6M
$166.7M
Q2 25
$36.5M
$205.4M
Q1 25
$41.5M
$198.9M
Q4 24
$42.5M
$134.9M
Q3 24
$56.5M
$166.8M
Q2 24
$35.2M
$127.7M
Q1 24
$37.7M
$139.2M
Stockholders' Equity
DMLP
DMLP
OPBK
OPBK
Q4 25
$227.9M
Q3 25
$221.5M
Q2 25
$213.7M
Q1 25
$210.1M
Q4 24
$205.0M
Q3 24
$203.6M
Q2 24
$195.9M
Q1 24
$194.7M
Total Assets
DMLP
DMLP
OPBK
OPBK
Q4 25
$309.6M
$2.7B
Q3 25
$330.4M
$2.6B
Q2 25
$325.6M
$2.6B
Q1 25
$349.0M
$2.5B
Q4 24
$366.8M
$2.4B
Q3 24
$403.4M
$2.4B
Q2 24
$176.0M
$2.3B
Q1 24
$184.8M
$2.2B

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
OPBK
OPBK
Operating Cash FlowLast quarter
$34.3M
$26.2M
Free Cash FlowOCF − Capex
$23.4M
FCF MarginFCF / Revenue
96.2%
Capex IntensityCapex / Revenue
11.5%
Cash ConversionOCF / Net Profit
2.12×
TTM Free Cash FlowTrailing 4 quarters
$43.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DMLP
DMLP
OPBK
OPBK
Q4 25
$34.3M
$26.2M
Q3 25
$34.3M
$23.9M
Q2 25
$30.5M
$-7.0M
Q1 25
$33.4M
$5.6M
Q4 24
$31.5M
$31.2M
Q3 24
$43.7M
$13.3M
Q2 24
$29.4M
$15.8M
Q1 24
$28.0M
$-3.2M
Free Cash Flow
DMLP
DMLP
OPBK
OPBK
Q4 25
$23.4M
Q3 25
$23.4M
Q2 25
$-7.7M
Q1 25
$4.2M
Q4 24
$29.7M
Q3 24
$12.8M
Q2 24
$15.7M
Q1 24
$-3.2M
FCF Margin
DMLP
DMLP
OPBK
OPBK
Q4 25
96.2%
Q3 25
95.6%
Q2 25
-32.5%
Q1 25
19.0%
Q4 24
139.0%
Q3 24
61.5%
Q2 24
77.0%
Q1 24
-16.6%
Capex Intensity
DMLP
DMLP
OPBK
OPBK
Q4 25
11.5%
Q3 25
2.3%
Q2 25
3.0%
Q1 25
6.4%
Q4 24
7.3%
Q3 24
2.8%
Q2 24
0.4%
Q1 24
0.5%
Cash Conversion
DMLP
DMLP
OPBK
OPBK
Q4 25
2.12×
Q3 25
3.07×
3.57×
Q2 25
2.47×
-1.10×
Q1 25
1.89×
1.02×
Q4 24
2.21×
Q3 24
1.20×
2.45×
Q2 24
1.25×
2.90×
Q1 24
1.54×
-0.60×

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%

OPBK
OPBK

Segment breakdown not available.

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