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

Weave Communications, Inc. is the larger business by last-quarter revenue ($63.4M vs $41.9M, roughly 1.5× DORCHESTER MINERALS, L.P.). DORCHESTER MINERALS, L.P. runs the higher net margin — 38.7% vs -2.9%, a 41.6% gap on every dollar of revenue. On growth, Weave Communications, Inc. posted the faster year-over-year revenue change (17.0% vs 5.4%). Over the past eight quarters, DORCHESTER MINERALS, L.P.'s revenue compounded faster (16.2% CAGR vs 15.9%).

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.

Weave Communications, Inc. develops integrated all-in-one customer engagement and communication platforms tailored for small and medium-sized businesses. Its product suite includes cloud-based phone systems, appointment scheduling, payment processing, review management and text messaging tools, primarily serving local service sectors like dental clinics, healthcare practices and fitness studios across the U.S. and Canada.

DMLP vs WEAV — Head-to-Head

Bigger by revenue
WEAV
WEAV
1.5× larger
WEAV
$63.4M
$41.9M
DMLP
Growing faster (revenue YoY)
WEAV
WEAV
+11.6% gap
WEAV
17.0%
5.4%
DMLP
Higher net margin
DMLP
DMLP
41.6% more per $
DMLP
38.7%
-2.9%
WEAV
Faster 2-yr revenue CAGR
DMLP
DMLP
Annualised
DMLP
16.2%
15.9%
WEAV

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DMLP
DMLP
WEAV
WEAV
Revenue
$41.9M
$63.4M
Net Profit
$16.2M
$-1.8M
Gross Margin
72.7%
Operating Margin
-3.4%
Net Margin
38.7%
-2.9%
Revenue YoY
5.4%
17.0%
Net Profit YoY
13.7%
72.5%
EPS (diluted)
$-0.03

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
WEAV
WEAV
Q4 25
$41.9M
$63.4M
Q3 25
$35.4M
$61.3M
Q2 25
$32.4M
$58.5M
Q1 25
$43.2M
$55.8M
Q4 24
$39.7M
$54.2M
Q3 24
$53.5M
$52.4M
Q2 24
$37.4M
$50.6M
Q1 24
$31.0M
$47.2M
Net Profit
DMLP
DMLP
WEAV
WEAV
Q4 25
$16.2M
$-1.8M
Q3 25
$11.2M
$-8.7M
Q2 25
$12.3M
$-8.7M
Q1 25
$17.6M
$-8.8M
Q4 24
$14.2M
$-6.7M
Q3 24
$36.4M
$-5.9M
Q2 24
$23.6M
$-8.6M
Q1 24
$18.2M
$-7.2M
Gross Margin
DMLP
DMLP
WEAV
WEAV
Q4 25
72.7%
Q3 25
72.3%
Q2 25
71.7%
Q1 25
71.6%
Q4 24
72.1%
Q3 24
72.0%
Q2 24
71.4%
Q1 24
69.9%
Operating Margin
DMLP
DMLP
WEAV
WEAV
Q4 25
-3.4%
Q3 25
-14.6%
Q2 25
-17.4%
Q1 25
-16.7%
Q4 24
-13.6%
Q3 24
-12.7%
Q2 24
-18.3%
Q1 24
-17.3%
Net Margin
DMLP
DMLP
WEAV
WEAV
Q4 25
38.7%
-2.9%
Q3 25
31.5%
-14.1%
Q2 25
38.1%
-14.9%
Q1 25
40.9%
-15.8%
Q4 24
35.9%
-12.4%
Q3 24
68.1%
-11.2%
Q2 24
63.2%
-16.9%
Q1 24
58.6%
-15.3%
EPS (diluted)
DMLP
DMLP
WEAV
WEAV
Q4 25
$-0.03
Q3 25
$-0.11
Q2 25
$-0.11
Q1 25
$-0.12
Q4 24
$-0.10
Q3 24
$-0.08
Q2 24
$-0.12
Q1 24
$-0.10

Balance Sheet & Financial Strength

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

Metric
DMLP
DMLP
WEAV
WEAV
Cash + ST InvestmentsLiquidity on hand
$41.9M
$55.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$82.4M
Total Assets
$309.6M
$208.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DMLP
DMLP
WEAV
WEAV
Q4 25
$41.9M
$55.0M
Q3 25
$41.6M
$64.4M
Q2 25
$36.5M
$44.7M
Q1 25
$41.5M
$53.4M
Q4 24
$42.5M
$51.6M
Q3 24
$56.5M
$51.1M
Q2 24
$35.2M
$51.7M
Q1 24
$37.7M
$30.6M
Stockholders' Equity
DMLP
DMLP
WEAV
WEAV
Q4 25
$82.4M
Q3 25
$78.6M
Q2 25
$78.9M
Q1 25
$68.6M
Q4 24
$67.0M
Q3 24
$68.8M
Q2 24
$69.8M
Q1 24
$73.4M
Total Assets
DMLP
DMLP
WEAV
WEAV
Q4 25
$309.6M
$208.0M
Q3 25
$330.4M
$206.5M
Q2 25
$325.6M
$204.3M
Q1 25
$349.0M
$188.3M
Q4 24
$366.8M
$188.9M
Q3 24
$403.4M
$192.0M
Q2 24
$176.0M
$191.2M
Q1 24
$184.8M
$190.2M

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
WEAV
WEAV
Operating Cash FlowLast quarter
$34.3M
$6.2M
Free Cash FlowOCF − Capex
$5.1M
FCF MarginFCF / Revenue
8.1%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
2.12×
TTM Free Cash FlowTrailing 4 quarters
$15.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DMLP
DMLP
WEAV
WEAV
Q4 25
$34.3M
$6.2M
Q3 25
$34.3M
$6.1M
Q2 25
$30.5M
$5.4M
Q1 25
$33.4M
$-219.0K
Q4 24
$31.5M
$6.7M
Q3 24
$43.7M
$4.5M
Q2 24
$29.4M
$22.7M
Q1 24
$28.0M
$-19.7M
Free Cash Flow
DMLP
DMLP
WEAV
WEAV
Q4 25
$5.1M
Q3 25
$5.8M
Q2 25
$4.9M
Q1 25
$-663.0K
Q4 24
$6.3M
Q3 24
$4.0M
Q2 24
$21.9M
Q1 24
$-20.2M
FCF Margin
DMLP
DMLP
WEAV
WEAV
Q4 25
8.1%
Q3 25
9.4%
Q2 25
8.4%
Q1 25
-1.2%
Q4 24
11.6%
Q3 24
7.5%
Q2 24
43.4%
Q1 24
-42.9%
Capex Intensity
DMLP
DMLP
WEAV
WEAV
Q4 25
1.8%
Q3 25
0.5%
Q2 25
0.9%
Q1 25
0.8%
Q4 24
0.7%
Q3 24
1.0%
Q2 24
1.5%
Q1 24
1.1%
Cash Conversion
DMLP
DMLP
WEAV
WEAV
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%

WEAV
WEAV

Segment breakdown not available.

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