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Side-by-side financial comparison of First Bancorp, Inc (FNLC) 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 $25.8M, roughly 2.0× First Bancorp, Inc). NATURAL RESOURCE PARTNERS LP runs the higher net margin — 78.5% vs 39.4%, a 39.2% gap on every dollar of revenue. On growth, First Bancorp, Inc posted the faster year-over-year revenue change (17.5% vs -21.8%). Over the past eight quarters, First Bancorp, Inc's revenue compounded faster (18.1% CAGR vs -8.3%).
Patriot Bank, N.A. (PNBK) is the bank holding company for Stamford, Connecticut-based Patriot Bank NA, and is traded on NASDAQ as PNBK.
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.
FNLC vs NRP — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.8M | $51.3M |
| Net Profit | $10.2M | $40.3M |
| Gross Margin | — | — |
| Operating Margin | 48.1% | 83.7% |
| Net Margin | 39.4% | 78.5% |
| Revenue YoY | 17.5% | -21.8% |
| Net Profit YoY | 39.7% | -28.4% |
| EPS (diluted) | $0.91 | — |
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 | $25.8M | — | ||
| Q3 25 | $24.5M | — | ||
| Q2 25 | $22.5M | — | ||
| Q1 25 | $21.8M | $51.3M | ||
| Q4 24 | $22.0M | $61.8M | ||
| Q3 24 | $20.5M | $50.4M | ||
| Q2 24 | $19.2M | $54.6M | ||
| Q1 24 | $18.5M | $65.6M |
| Q4 25 | $10.2M | — | ||
| Q3 25 | $9.1M | — | ||
| Q2 25 | $8.1M | — | ||
| Q1 25 | $7.1M | $40.3M | ||
| Q4 24 | $7.3M | $42.8M | ||
| Q3 24 | $7.6M | $38.6M | ||
| Q2 24 | $6.2M | $46.1M | ||
| Q1 24 | $6.0M | $56.2M |
| Q4 25 | 48.1% | — | ||
| Q3 25 | 45.2% | — | ||
| Q2 25 | 43.7% | — | ||
| Q1 25 | 39.3% | 83.7% | ||
| Q4 24 | 39.5% | 74.9% | ||
| Q3 24 | 44.6% | 84.9% | ||
| Q2 24 | 38.8% | 92.3% | ||
| Q1 24 | 39.3% | 91.0% |
| Q4 25 | 39.4% | — | ||
| Q3 25 | 37.0% | — | ||
| Q2 25 | 35.8% | — | ||
| Q1 25 | 32.5% | 78.5% | ||
| Q4 24 | 33.1% | 69.2% | ||
| Q3 24 | 36.9% | 76.6% | ||
| Q2 24 | 32.1% | 84.4% | ||
| Q1 24 | 32.5% | 85.7% |
| Q4 25 | $0.91 | — | ||
| Q3 25 | $0.81 | — | ||
| Q2 25 | $0.72 | — | ||
| Q1 25 | $0.63 | — | ||
| Q4 24 | $0.66 | — | ||
| Q3 24 | $0.68 | — | ||
| Q2 24 | $0.55 | — | ||
| Q1 24 | $0.54 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $30.9M |
| Total DebtLower is stronger | $95.5M | $138.8M |
| Stockholders' EquityBook value | $283.1M | — |
| Total Assets | $3.2B | $772.5M |
| Debt / EquityLower = less leverage | 0.34× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $30.9M | ||
| Q4 24 | — | $30.4M | ||
| Q3 24 | — | $30.9M | ||
| Q2 24 | — | $32.3M | ||
| Q1 24 | — | $11.0M |
| Q4 25 | $95.5M | — | ||
| Q3 25 | $95.5M | — | ||
| Q2 25 | $95.0M | — | ||
| Q1 25 | $70.0M | $138.8M | ||
| Q4 24 | $95.0M | $142.1M | ||
| Q3 24 | $95.0M | $197.4M | ||
| Q2 24 | $70.0M | $210.3M | ||
| Q1 24 | $70.0M | $188.8M |
| Q4 25 | $283.1M | — | ||
| Q3 25 | $274.6M | — | ||
| Q2 25 | $265.5M | — | ||
| Q1 25 | $259.7M | — | ||
| Q4 24 | $252.5M | — | ||
| Q3 24 | $256.8M | — | ||
| Q2 24 | $244.7M | — | ||
| Q1 24 | $242.6M | — |
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $3.2B | $772.5M | ||
| Q4 24 | $3.2B | $772.9M | ||
| Q3 24 | $3.1B | $772.9M | ||
| Q2 24 | $3.1B | $789.6M | ||
| Q1 24 | $3.0B | $772.9M |
| Q4 25 | 0.34× | — | ||
| Q3 25 | 0.35× | — | ||
| Q2 25 | 0.36× | — | ||
| Q1 25 | 0.27× | — | ||
| Q4 24 | 0.38× | — | ||
| Q3 24 | 0.37× | — | ||
| Q2 24 | 0.29× | — | ||
| Q1 24 | 0.29× | — |
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 | $37.8M | $34.4M |
| Free Cash FlowOCF − Capex | $34.6M | — |
| FCF MarginFCF / Revenue | 133.9% | — |
| Capex IntensityCapex / Revenue | 12.5% | — |
| Cash ConversionOCF / Net Profit | 3.72× | 0.86× |
| TTM Free Cash FlowTrailing 4 quarters | $55.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $37.8M | — | ||
| Q3 25 | $12.9M | — | ||
| Q2 25 | $7.4M | — | ||
| Q1 25 | $2.2M | $34.4M | ||
| Q4 24 | $26.0M | $66.2M | ||
| Q3 24 | $9.8M | $54.1M | ||
| Q2 24 | $6.4M | $56.6M | ||
| Q1 24 | $-1.5M | $71.5M |
| Q4 25 | $34.6M | — | ||
| Q3 25 | $12.6M | — | ||
| Q2 25 | $7.2M | — | ||
| Q1 25 | $828.0K | — | ||
| Q4 24 | $24.6M | — | ||
| Q3 24 | $9.6M | — | ||
| Q2 24 | $6.3M | — | ||
| Q1 24 | $-1.8M | — |
| Q4 25 | 133.9% | — | ||
| Q3 25 | 51.4% | — | ||
| Q2 25 | 32.1% | — | ||
| Q1 25 | 3.8% | — | ||
| Q4 24 | 111.7% | — | ||
| Q3 24 | 47.0% | — | ||
| Q2 24 | 32.9% | — | ||
| Q1 24 | -9.8% | — |
| Q4 25 | 12.5% | — | ||
| Q3 25 | 1.2% | — | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | 6.2% | — | ||
| Q4 24 | 6.7% | 0.0% | ||
| Q3 24 | 0.5% | 0.0% | ||
| Q2 24 | 0.3% | 0.0% | ||
| Q1 24 | 1.8% | 0.0% |
| Q4 25 | 3.72× | — | ||
| Q3 25 | 1.42× | — | ||
| Q2 25 | 0.91× | — | ||
| Q1 25 | 0.31× | 0.86× | ||
| Q4 24 | 3.58× | 1.55× | ||
| Q3 24 | 1.29× | 1.40× | ||
| Q2 24 | 1.03× | 1.23× | ||
| Q1 24 | -0.25× | 1.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FNLC
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% |
