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Side-by-side financial comparison of Dorman Products, Inc. (DORM) and Western Midstream Partners, LP (WES). Click either name above to swap in a different company.

Western Midstream Partners, LP is the larger business by last-quarter revenue ($1.0B vs $537.9M, roughly 1.9× Dorman Products, Inc.). Western Midstream Partners, LP runs the higher net margin — 18.5% vs 2.1%, a 16.4% gap on every dollar of revenue. On growth, Western Midstream Partners, LP posted the faster year-over-year revenue change (11.0% vs 0.8%). Western Midstream Partners, LP produced more free cash flow last quarter ($335.4M vs $33.5M). Over the past eight quarters, Western Midstream Partners, LP's revenue compounded faster (7.8% CAGR vs 7.1%).

Dorman Products is an American manufacturer of aftermarket automotive products in the United States. The company was founded in 1918. The company trades on the NASDAQ under the ticker DORM. The company is headquartered in Colmar, Pennsylvania.

Sunoco LP is an American vehicle gasoline master limited partnership company organized under Delaware state law and headquartered in Dallas, Texas. Dating back to 1886, the company has transformed from a vertically integrated energy company to a distributor of fuels and operator of energy infrastructure. It was previously engaged in oil, natural gas exploration and production, refining, chemical manufacturing, and retail fuel sales, but divested these businesses.

DORM vs WES — Head-to-Head

Bigger by revenue
WES
WES
1.9× larger
WES
$1.0B
$537.9M
DORM
Growing faster (revenue YoY)
WES
WES
+10.2% gap
WES
11.0%
0.8%
DORM
Higher net margin
WES
WES
16.4% more per $
WES
18.5%
2.1%
DORM
More free cash flow
WES
WES
$301.9M more FCF
WES
$335.4M
$33.5M
DORM
Faster 2-yr revenue CAGR
WES
WES
Annualised
WES
7.8%
7.1%
DORM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DORM
DORM
WES
WES
Revenue
$537.9M
$1.0B
Net Profit
$11.6M
$190.7M
Gross Margin
42.6%
Operating Margin
5.8%
29.7%
Net Margin
2.1%
18.5%
Revenue YoY
0.8%
11.0%
Net Profit YoY
-78.8%
-42.8%
EPS (diluted)
$0.38

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
DORM
DORM
WES
WES
Q4 25
$537.9M
$1.0B
Q3 25
$543.7M
$952.3M
Q2 25
$541.0M
$942.1M
Q1 25
$507.7M
$916.9M
Q4 24
$533.8M
$928.4M
Q3 24
$503.8M
$883.1M
Q2 24
$503.0M
$905.4M
Q1 24
$468.7M
$887.3M
Net Profit
DORM
DORM
WES
WES
Q4 25
$11.6M
$190.7M
Q3 25
$76.4M
$339.6M
Q2 25
$58.7M
$341.7M
Q1 25
$57.5M
$309.0M
Q4 24
$54.5M
$333.6M
Q3 24
$55.3M
$288.5M
Q2 24
$47.4M
$378.6M
Q1 24
$32.8M
$572.8M
Gross Margin
DORM
DORM
WES
WES
Q4 25
42.6%
Q3 25
44.4%
Q2 25
40.6%
Q1 25
40.9%
Q4 24
41.5%
Q3 24
40.5%
Q2 24
39.6%
Q1 24
38.7%
Operating Margin
DORM
DORM
WES
WES
Q4 25
5.8%
29.7%
Q3 25
19.4%
46.4%
Q2 25
15.2%
47.2%
Q1 25
15.8%
44.7%
Q4 24
16.3%
45.9%
Q3 24
15.7%
44.8%
Q2 24
14.4%
51.9%
Q1 24
11.6%
76.6%
Net Margin
DORM
DORM
WES
WES
Q4 25
2.1%
18.5%
Q3 25
14.1%
35.7%
Q2 25
10.9%
36.3%
Q1 25
11.3%
33.7%
Q4 24
10.2%
35.9%
Q3 24
11.0%
32.7%
Q2 24
9.4%
41.8%
Q1 24
7.0%
64.6%
EPS (diluted)
DORM
DORM
WES
WES
Q4 25
$0.38
Q3 25
$2.48
Q2 25
$1.91
Q1 25
$1.87
Q4 24
$1.76
Q3 24
$1.80
Q2 24
$1.53
Q1 24
$1.05

Balance Sheet & Financial Strength

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

Metric
DORM
DORM
WES
WES
Cash + ST InvestmentsLiquidity on hand
$49.4M
$819.5M
Total DebtLower is stronger
$440.6M
$8.2B
Stockholders' EquityBook value
$1.5B
Total Assets
$2.5B
$15.0B
Debt / EquityLower = less leverage
0.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DORM
DORM
WES
WES
Q4 25
$49.4M
$819.5M
Q3 25
$55.5M
$177.3M
Q2 25
$56.8M
$129.7M
Q1 25
$60.6M
$448.4M
Q4 24
$57.1M
$1.1B
Q3 24
$45.1M
$1.1B
Q2 24
$47.5M
$344.1M
Q1 24
$34.4M
$295.2M
Total Debt
DORM
DORM
WES
WES
Q4 25
$440.6M
$8.2B
Q3 25
$6.9B
Q2 25
$6.9B
Q1 25
$6.9B
Q4 24
$468.8M
$6.9B
Q3 24
$6.9B
Q2 24
$7.1B
Q1 24
$7.3B
Stockholders' Equity
DORM
DORM
WES
WES
Q4 25
$1.5B
Q3 25
$1.5B
Q2 25
$1.4B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.2B
Q2 24
$1.2B
Q1 24
$1.2B
Total Assets
DORM
DORM
WES
WES
Q4 25
$2.5B
$15.0B
Q3 25
$2.6B
$12.1B
Q2 25
$2.5B
$12.2B
Q1 25
$2.4B
$12.5B
Q4 24
$2.4B
$13.1B
Q3 24
$2.4B
$13.0B
Q2 24
$2.3B
$12.2B
Q1 24
$2.2B
$12.3B
Debt / Equity
DORM
DORM
WES
WES
Q4 25
0.30×
Q3 25
Q2 25
Q1 25
Q4 24
0.36×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DORM
DORM
WES
WES
Operating Cash FlowLast quarter
$41.6M
$557.6M
Free Cash FlowOCF − Capex
$33.5M
$335.4M
FCF MarginFCF / Revenue
6.2%
32.6%
Capex IntensityCapex / Revenue
1.5%
21.6%
Cash ConversionOCF / Net Profit
3.60×
2.92×
TTM Free Cash FlowTrailing 4 quarters
$75.7M
$1.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DORM
DORM
WES
WES
Q4 25
$41.6M
$557.6M
Q3 25
$12.2M
$570.2M
Q2 25
$8.5M
$564.0M
Q1 25
$51.2M
$530.8M
Q4 24
$71.4M
$554.4M
Q3 24
$44.3M
$551.3M
Q2 24
$63.3M
$631.4M
Q1 24
$52.0M
$399.7M
Free Cash Flow
DORM
DORM
WES
WES
Q4 25
$33.5M
$335.4M
Q3 25
$1.8M
$385.5M
Q2 25
$98.0K
$385.4M
Q1 25
$40.3M
$388.4M
Q4 24
$63.2M
$315.7M
Q3 24
$35.7M
$361.9M
Q2 24
$51.4M
$419.6M
Q1 24
$41.2M
$205.9M
FCF Margin
DORM
DORM
WES
WES
Q4 25
6.2%
32.6%
Q3 25
0.3%
40.5%
Q2 25
0.0%
40.9%
Q1 25
7.9%
42.4%
Q4 24
11.8%
34.0%
Q3 24
7.1%
41.0%
Q2 24
10.2%
46.3%
Q1 24
8.8%
23.2%
Capex Intensity
DORM
DORM
WES
WES
Q4 25
1.5%
21.6%
Q3 25
1.9%
19.4%
Q2 25
1.6%
19.0%
Q1 25
2.2%
15.5%
Q4 24
1.5%
25.7%
Q3 24
1.7%
21.5%
Q2 24
2.4%
23.4%
Q1 24
2.3%
21.8%
Cash Conversion
DORM
DORM
WES
WES
Q4 25
3.60×
2.92×
Q3 25
0.16×
1.68×
Q2 25
0.15×
1.65×
Q1 25
0.89×
1.72×
Q4 24
1.31×
1.66×
Q3 24
0.80×
1.91×
Q2 24
1.34×
1.67×
Q1 24
1.58×
0.70×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DORM
DORM

Light Duty$428.6M80%
Heavy Duty$55.8M10%
Specialty Vehicle$53.5M10%

WES
WES

Segment breakdown not available.

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