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Side-by-side financial comparison of First Foundation Inc. (FFWM) and NATURAL RESOURCE PARTNERS LP (NRP). Click either name above to swap in a different company.
NATURAL RESOURCE PARTNERS LP is the larger business by last-quarter revenue ($51.3M vs $48.4M, roughly 1.1× First Foundation Inc.). NATURAL RESOURCE PARTNERS LP runs the higher net margin — 78.5% vs -97.9%, a 176.4% gap on every dollar of revenue. On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs -21.8%). Over the past eight quarters, First Foundation Inc.'s revenue compounded faster (-2.7% CAGR vs -8.3%).
John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.
Natural Resource Partners LP is a U.S.-headquartered master limited partnership that owns, manages and leases mineral reserve interests. Its asset portfolio covers coal, aggregates, industrial minerals and oil & gas, with operations primarily across North America, deriving most revenue from royalties paid by third-party resource extraction operators.
FFWM vs NRP — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2025
| Metric | | |
|---|---|---|
| Revenue | $48.4M | $51.3M |
| Net Profit | $-8.0M | $40.3M |
| Gross Margin | — | — |
| Operating Margin | -97.5% | 83.7% |
| Net Margin | -97.9% | 78.5% |
| Revenue YoY | 421.7% | -21.8% |
| Net Profit YoY | 43.0% | -28.4% |
| EPS (diluted) | $-0.09 | — |
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.
| Q4 25 | $48.4M | — | ||
| Q3 25 | $63.6M | — | ||
| Q2 25 | $51.4M | — | ||
| Q1 25 | $71.4M | $51.3M | ||
| Q4 24 | $9.3M | $61.8M | ||
| Q3 24 | $9.2M | $50.4M | ||
| Q2 24 | $57.5M | $54.6M | ||
| Q1 24 | $51.1M | $65.6M |
| Q4 25 | $-8.0M | — | ||
| Q3 25 | $-146.3M | — | ||
| Q2 25 | $-7.7M | — | ||
| Q1 25 | $6.9M | $40.3M | ||
| Q4 24 | $-14.1M | $42.8M | ||
| Q3 24 | $-82.2M | $38.6M | ||
| Q2 24 | $3.1M | $46.1M | ||
| Q1 24 | $793.0K | $56.2M |
| Q4 25 | -97.5% | — | ||
| Q3 25 | -92.7% | — | ||
| Q2 25 | -21.1% | — | ||
| Q1 25 | 8.8% | 83.7% | ||
| Q4 24 | -247.7% | 74.9% | ||
| Q3 24 | -1276.7% | 84.9% | ||
| Q2 24 | 4.6% | 92.3% | ||
| Q1 24 | -0.2% | 91.0% |
| Q4 25 | -97.9% | — | ||
| Q3 25 | -230.1% | — | ||
| Q2 25 | -15.0% | — | ||
| Q1 25 | 9.7% | 78.5% | ||
| Q4 24 | -152.2% | 69.2% | ||
| Q3 24 | -896.9% | 76.6% | ||
| Q2 24 | 5.4% | 84.4% | ||
| Q1 24 | 1.6% | 85.7% |
| Q4 25 | $-0.09 | — | ||
| Q3 25 | $-1.78 | — | ||
| Q2 25 | $-0.09 | — | ||
| Q1 25 | $0.08 | — | ||
| Q4 24 | $-0.24 | — | ||
| Q3 24 | $-1.23 | — | ||
| Q2 24 | $0.05 | — | ||
| Q1 24 | $0.01 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.6B | $30.9M |
| Total DebtLower is stronger | — | $138.8M |
| Stockholders' EquityBook value | $912.6M | — |
| Total Assets | $11.9B | $772.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.0B | $30.9M | ||
| Q4 24 | $1.0B | $30.4M | ||
| Q3 24 | $1.1B | $30.9M | ||
| Q2 24 | $1.4B | $32.3M | ||
| Q1 24 | $1.6B | $11.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $138.8M | ||
| Q4 24 | — | $142.1M | ||
| Q3 24 | — | $197.4M | ||
| Q2 24 | — | $210.3M | ||
| Q1 24 | — | $188.8M |
| Q4 25 | $912.6M | — | ||
| Q3 25 | $917.9M | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $933.2M | — | ||
| Q1 24 | $928.7M | — |
| Q4 25 | $11.9B | — | ||
| Q3 25 | $11.9B | — | ||
| Q2 25 | $11.6B | — | ||
| Q1 25 | $12.6B | $772.5M | ||
| Q4 24 | $12.6B | $772.9M | ||
| Q3 24 | $13.4B | $772.9M | ||
| Q2 24 | $13.7B | $789.6M | ||
| Q1 24 | $13.6B | $772.9M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-31.9M | $34.4M |
| Free Cash FlowOCF − Capex | $-35.2M | — |
| FCF MarginFCF / Revenue | -72.8% | — |
| Capex IntensityCapex / Revenue | 6.9% | — |
| Cash ConversionOCF / Net Profit | — | 0.86× |
| TTM Free Cash FlowTrailing 4 quarters | $-45.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-31.9M | — | ||
| Q3 25 | $9.2M | — | ||
| Q2 25 | $-16.3M | — | ||
| Q1 25 | $-552.0K | $34.4M | ||
| Q4 24 | $-8.7M | $66.2M | ||
| Q3 24 | $14.2M | $54.1M | ||
| Q2 24 | $-9.1M | $56.6M | ||
| Q1 24 | $7.2M | $71.5M |
| Q4 25 | $-35.2M | — | ||
| Q3 25 | $8.6M | — | ||
| Q2 25 | $-16.7M | — | ||
| Q1 25 | $-2.5M | — | ||
| Q4 24 | $-11.4M | — | ||
| Q3 24 | $13.4M | — | ||
| Q2 24 | $-9.4M | — | ||
| Q1 24 | $5.9M | — |
| Q4 25 | -72.8% | — | ||
| Q3 25 | 13.5% | — | ||
| Q2 25 | -32.4% | — | ||
| Q1 25 | -3.5% | — | ||
| Q4 24 | -123.5% | — | ||
| Q3 24 | 146.2% | — | ||
| Q2 24 | -16.3% | — | ||
| Q1 24 | 11.6% | — |
| Q4 25 | 6.9% | — | ||
| Q3 25 | 1.0% | — | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 2.8% | — | ||
| Q4 24 | 29.4% | 0.0% | ||
| Q3 24 | 9.0% | 0.0% | ||
| Q2 24 | 0.4% | 0.0% | ||
| Q1 24 | 2.5% | 0.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -0.08× | 0.86× | ||
| Q4 24 | — | 1.55× | ||
| Q3 24 | — | 1.40× | ||
| Q2 24 | -2.96× | 1.23× | ||
| Q1 24 | 9.09× | 1.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FFWM
Segment breakdown not available.
NRP
| Coal Royalty Revenues | $35.5M | 69% |
| Soda Ash Segment | $4.6M | 9% |
| Transportation And Processing Services | $4.4M | 9% |
| Production Lease Minimum Revenues | $2.7M | 5% |
| Oil And Gas Royalty Revenues | $2.4M | 5% |
| Other | $1.6M | 3% |
