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

VIEMED HEALTHCARE, INC. is the larger business by last-quarter revenue ($76.2M vs $41.9M, roughly 1.8× DORCHESTER MINERALS, L.P.). DORCHESTER MINERALS, L.P. runs the higher net margin — 38.7% vs 7.4%, a 31.3% gap on every dollar of revenue. On growth, VIEMED HEALTHCARE, INC. posted the faster year-over-year revenue change (25.5% vs 5.4%). Over the past eight quarters, VIEMED HEALTHCARE, INC.'s revenue compounded faster (22.7% 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.

Viemed Healthcare, Inc. is a medical technology firm specializing in respiratory care solutions. It develops, manufactures and distributes portable ventilators, respiratory therapy devices and related support services, catering to acute care, post-acute care and home care segments across North America, Europe and key Asia-Pacific markets for patients with respiratory conditions.

DMLP vs VMD — Head-to-Head

Bigger by revenue
VMD
VMD
1.8× larger
VMD
$76.2M
$41.9M
DMLP
Growing faster (revenue YoY)
VMD
VMD
+20.1% gap
VMD
25.5%
5.4%
DMLP
Higher net margin
DMLP
DMLP
31.3% more per $
DMLP
38.7%
7.4%
VMD
Faster 2-yr revenue CAGR
VMD
VMD
Annualised
VMD
22.7%
16.2%
DMLP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DMLP
DMLP
VMD
VMD
Revenue
$41.9M
$76.2M
Net Profit
$16.2M
$5.6M
Gross Margin
57.9%
Operating Margin
11.0%
Net Margin
38.7%
7.4%
Revenue YoY
5.4%
25.5%
Net Profit YoY
13.7%
30.7%
EPS (diluted)
$0.14

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
VMD
VMD
Q4 25
$41.9M
$76.2M
Q3 25
$35.4M
$71.9M
Q2 25
$32.4M
$63.1M
Q1 25
$43.2M
$59.1M
Q4 24
$39.7M
$60.7M
Q3 24
$53.5M
$58.0M
Q2 24
$37.4M
$55.0M
Q1 24
$31.0M
$50.6M
Net Profit
DMLP
DMLP
VMD
VMD
Q4 25
$16.2M
$5.6M
Q3 25
$11.2M
$3.5M
Q2 25
$12.3M
$3.2M
Q1 25
$17.6M
$2.6M
Q4 24
$14.2M
$4.3M
Q3 24
$36.4M
$3.9M
Q2 24
$23.6M
$1.5M
Q1 24
$18.2M
$1.6M
Gross Margin
DMLP
DMLP
VMD
VMD
Q4 25
57.9%
Q3 25
57.5%
Q2 25
58.3%
Q1 25
56.3%
Q4 24
59.5%
Q3 24
59.3%
Q2 24
59.8%
Q1 24
58.9%
Operating Margin
DMLP
DMLP
VMD
VMD
Q4 25
11.0%
Q3 25
7.8%
Q2 25
8.1%
Q1 25
6.5%
Q4 24
10.6%
Q3 24
9.7%
Q2 24
6.6%
Q1 24
4.4%
Net Margin
DMLP
DMLP
VMD
VMD
Q4 25
38.7%
7.4%
Q3 25
31.5%
4.9%
Q2 25
38.1%
5.0%
Q1 25
40.9%
4.4%
Q4 24
35.9%
7.1%
Q3 24
68.1%
6.7%
Q2 24
63.2%
2.7%
Q1 24
58.6%
3.2%
EPS (diluted)
DMLP
DMLP
VMD
VMD
Q4 25
$0.14
Q3 25
$0.09
Q2 25
$0.08
Q1 25
$0.06
Q4 24
$0.10
Q3 24
$0.10
Q2 24
$0.04
Q1 24
$0.04

Balance Sheet & Financial Strength

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

Metric
DMLP
DMLP
VMD
VMD
Cash + ST InvestmentsLiquidity on hand
$41.9M
$13.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$141.5M
Total Assets
$309.6M
$199.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DMLP
DMLP
VMD
VMD
Q4 25
$41.9M
$13.5M
Q3 25
$41.6M
$11.1M
Q2 25
$36.5M
$20.0M
Q1 25
$41.5M
$10.2M
Q4 24
$42.5M
$17.5M
Q3 24
$56.5M
$11.3M
Q2 24
$35.2M
$8.8M
Q1 24
$37.7M
$7.3M
Stockholders' Equity
DMLP
DMLP
VMD
VMD
Q4 25
$141.5M
Q3 25
$133.6M
Q2 25
$139.7M
Q1 25
$134.8M
Q4 24
$131.4M
Q3 24
$125.0M
Q2 24
$119.4M
Q1 24
$116.3M
Total Assets
DMLP
DMLP
VMD
VMD
Q4 25
$309.6M
$199.2M
Q3 25
$330.4M
$202.4M
Q2 25
$325.6M
$184.6M
Q1 25
$349.0M
$178.1M
Q4 24
$366.8M
$177.1M
Q3 24
$403.4M
$169.5M
Q2 24
$176.0M
$163.9M
Q1 24
$184.8M
$154.9M

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
VMD
VMD
Operating Cash FlowLast quarter
$34.3M
$18.4M
Free Cash FlowOCF − Capex
$9.7M
FCF MarginFCF / Revenue
12.7%
Capex IntensityCapex / Revenue
11.5%
Cash ConversionOCF / Net Profit
2.12×
3.27×
TTM Free Cash FlowTrailing 4 quarters
$11.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DMLP
DMLP
VMD
VMD
Q4 25
$34.3M
$18.4M
Q3 25
$34.3M
$18.4M
Q2 25
$30.5M
$12.3M
Q1 25
$33.4M
$2.9M
Q4 24
$31.5M
$15.0M
Q3 24
$43.7M
$12.7M
Q2 24
$29.4M
$10.2M
Q1 24
$28.0M
$1.2M
Free Cash Flow
DMLP
DMLP
VMD
VMD
Q4 25
$9.7M
Q3 25
$10.7M
Q2 25
$4.1M
Q1 25
$-12.6M
Q4 24
$3.2M
Q3 24
$1.7M
Q2 24
$1.2M
Q1 24
$-4.8M
FCF Margin
DMLP
DMLP
VMD
VMD
Q4 25
12.7%
Q3 25
14.9%
Q2 25
6.5%
Q1 25
-21.4%
Q4 24
5.2%
Q3 24
3.0%
Q2 24
2.3%
Q1 24
-9.5%
Capex Intensity
DMLP
DMLP
VMD
VMD
Q4 25
11.5%
Q3 25
10.6%
Q2 25
12.9%
Q1 25
26.2%
Q4 24
19.5%
Q3 24
19.0%
Q2 24
16.3%
Q1 24
11.9%
Cash Conversion
DMLP
DMLP
VMD
VMD
Q4 25
2.12×
3.27×
Q3 25
3.07×
5.23×
Q2 25
2.47×
3.88×
Q1 25
1.89×
1.09×
Q4 24
2.21×
3.47×
Q3 24
1.20×
3.29×
Q2 24
1.25×
6.94×
Q1 24
1.54×
0.73×

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%

VMD
VMD

Segment breakdown not available.

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