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Side-by-side financial comparison of GCL Global Holdings Ltd (GCL) and NATURAL RESOURCE PARTNERS LP (NRP). Click either name above to swap in a different company.
GCL Global Holdings Ltd is the larger business by last-quarter revenue ($98.7M vs $51.3M, roughly 1.9× NATURAL RESOURCE PARTNERS LP). NATURAL RESOURCE PARTNERS LP runs the higher net margin — 78.5% vs -5.2%, a 83.7% gap on every dollar of revenue.
GCL Global Holdings Ltd is a leading clean energy enterprise focusing on R&D, production and operation of photovoltaic products, energy storage systems and low-carbon energy solutions. Its main markets cover Asia, Europe, North America, serving utility, commercial and residential distributed energy users across the globe.
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.
GCL vs NRP — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2025
| Metric | | |
|---|---|---|
| Revenue | $98.7M | $51.3M |
| Net Profit | $-5.1M | $40.3M |
| Gross Margin | 11.0% | — |
| Operating Margin | -6.7% | 83.7% |
| Net Margin | -5.2% | 78.5% |
| Revenue YoY | — | -21.8% |
| Net Profit YoY | — | -28.4% |
| EPS (diluted) | $-0.04 | — |
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.
| Q3 25 | $98.7M | — | ||
| Q2 25 | $142.1M | — | ||
| Q1 25 | — | $51.3M | ||
| Q4 24 | — | $61.8M | ||
| Q3 24 | $36.1M | $50.4M | ||
| Q2 24 | — | $54.6M | ||
| Q1 24 | — | $65.6M | ||
| Q4 23 | — | $72.9M |
| Q3 25 | $-5.1M | — | ||
| Q2 25 | $5.6M | — | ||
| Q1 25 | — | $40.3M | ||
| Q4 24 | — | $42.8M | ||
| Q3 24 | $-1.9M | $38.6M | ||
| Q2 24 | — | $46.1M | ||
| Q1 24 | — | $56.2M | ||
| Q4 23 | — | $65.0M |
| Q3 25 | 11.0% | — | ||
| Q2 25 | 15.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 16.2% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
| Q3 25 | -6.7% | — | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | — | 83.7% | ||
| Q4 24 | — | 74.9% | ||
| Q3 24 | -5.6% | 84.9% | ||
| Q2 24 | — | 92.3% | ||
| Q1 24 | — | 91.0% | ||
| Q4 23 | — | 94.5% |
| Q3 25 | -5.2% | — | ||
| Q2 25 | 3.9% | — | ||
| Q1 25 | — | 78.5% | ||
| Q4 24 | — | 69.2% | ||
| Q3 24 | -5.2% | 76.6% | ||
| Q2 24 | — | 84.4% | ||
| Q1 24 | — | 85.7% | ||
| Q4 23 | — | 89.1% |
| Q3 25 | $-0.04 | — | ||
| Q2 25 | $0.05 | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $16.6M | $30.9M |
| Total DebtLower is stronger | $52.0M | $138.8M |
| Stockholders' EquityBook value | $33.1M | — |
| Total Assets | $159.9M | $772.5M |
| Debt / EquityLower = less leverage | 1.57× | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $16.6M | — | ||
| Q2 25 | $18.2M | — | ||
| Q1 25 | — | $30.9M | ||
| Q4 24 | — | $30.4M | ||
| Q3 24 | $2.7M | $30.9M | ||
| Q2 24 | — | $32.3M | ||
| Q1 24 | — | $11.0M | ||
| Q4 23 | — | $12.0M |
| Q3 25 | $52.0M | — | ||
| Q2 25 | $11.9M | — | ||
| Q1 25 | — | $138.8M | ||
| Q4 24 | — | $142.1M | ||
| Q3 24 | — | $197.4M | ||
| Q2 24 | — | $210.3M | ||
| Q1 24 | — | $188.8M | ||
| Q4 23 | — | $155.1M |
| Q3 25 | $33.1M | — | ||
| Q2 25 | $35.9M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $15.9M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
| Q3 25 | $159.9M | — | ||
| Q2 25 | $101.6M | — | ||
| Q1 25 | — | $772.5M | ||
| Q4 24 | — | $772.9M | ||
| Q3 24 | $49.6M | $772.9M | ||
| Q2 24 | — | $789.6M | ||
| Q1 24 | — | $772.9M | ||
| Q4 23 | — | $797.9M |
| Q3 25 | 1.57× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
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 | $-4.8M | $34.4M |
| Free Cash FlowOCF − Capex | $-5.2M | — |
| FCF MarginFCF / Revenue | -5.3% | — |
| Capex IntensityCapex / Revenue | 0.4% | — |
| Cash ConversionOCF / Net Profit | — | 0.86× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $-4.8M | — | ||
| Q2 25 | $-10.3M | — | ||
| Q1 25 | — | $34.4M | ||
| Q4 24 | — | $66.2M | ||
| Q3 24 | $6.1M | $54.1M | ||
| Q2 24 | — | $56.6M | ||
| Q1 24 | — | $71.5M | ||
| Q4 23 | — | $77.8M |
| Q3 25 | $-5.2M | — | ||
| Q2 25 | $-10.5M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
| Q3 25 | -5.3% | — | ||
| Q2 25 | -7.4% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
| Q3 25 | 0.4% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.0% | ||
| Q4 23 | — | 0.0% |
| Q3 25 | — | — | ||
| Q2 25 | -1.84× | — | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | — | 1.55× | ||
| Q3 24 | — | 1.40× | ||
| Q2 24 | — | 1.23× | ||
| Q1 24 | — | 1.27× | ||
| Q4 23 | — | 1.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GCL
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% |
