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Side-by-side financial comparison of HIVE Digital Technologies Ltd. (HIVE) and NATURAL RESOURCE PARTNERS LP (NRP). Click either name above to swap in a different company.
HIVE Digital Technologies Ltd. is the larger business by last-quarter revenue ($93.1M vs $51.3M, roughly 1.8× NATURAL RESOURCE PARTNERS LP). NATURAL RESOURCE PARTNERS LP runs the higher net margin — 78.5% vs -98.1%, a 176.6% gap on every dollar of revenue. On growth, HIVE Digital Technologies Ltd. posted the faster year-over-year revenue change (218.6% vs -21.8%). Over the past eight quarters, HIVE Digital Technologies Ltd.'s revenue compounded faster (102.2% CAGR vs -8.3%).
Mastech Digital, Inc. is a digital transformation and information technology (IT) services company headquartered in Pittsburgh, Pennsylvania, providing services to corporations across North America, Middle East, Asian, and Japan.
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.
HIVE vs NRP — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2025
| Metric | | |
|---|---|---|
| Revenue | $93.1M | $51.3M |
| Net Profit | $-91.3M | $40.3M |
| Gross Margin | -27.1% | — |
| Operating Margin | — | 83.7% |
| Net Margin | -98.1% | 78.5% |
| Revenue YoY | 218.6% | -21.8% |
| Net Profit YoY | -234.0% | -28.4% |
| 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.
| Q4 25 | $93.1M | — | ||
| Q3 25 | $87.3M | — | ||
| Q2 25 | $45.6M | — | ||
| Q1 25 | — | $51.3M | ||
| Q4 24 | $29.2M | $61.8M | ||
| Q3 24 | $22.6M | $50.4M | ||
| Q2 24 | $32.2M | $54.6M | ||
| Q1 24 | — | $65.6M |
| Q4 25 | $-91.3M | — | ||
| Q3 25 | $-15.8M | — | ||
| Q2 25 | $35.0M | — | ||
| Q1 25 | — | $40.3M | ||
| Q4 24 | $68.2M | $42.8M | ||
| Q3 24 | $80.0K | $38.6M | ||
| Q2 24 | $-18.3M | $46.1M | ||
| Q1 24 | — | $56.2M |
| Q4 25 | -27.1% | — | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | -13.6% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -43.7% | — | ||
| Q3 24 | -66.1% | — | ||
| Q2 24 | -7.4% | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 83.7% | ||
| Q4 24 | — | 74.9% | ||
| Q3 24 | — | 84.9% | ||
| Q2 24 | — | 92.3% | ||
| Q1 24 | — | 91.0% |
| Q4 25 | -98.1% | — | ||
| Q3 25 | -18.1% | — | ||
| Q2 25 | 76.8% | — | ||
| Q1 25 | — | 78.5% | ||
| Q4 24 | 233.2% | 69.2% | ||
| Q3 24 | 0.4% | 76.6% | ||
| Q2 24 | -56.7% | 84.4% | ||
| Q1 24 | — | 85.7% |
| Q4 25 | $-0.38 | — | ||
| Q3 25 | $-0.07 | — | ||
| Q2 25 | $0.18 | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0.52 | — | ||
| Q3 24 | $0.00 | — | ||
| Q2 24 | $-0.17 | — | ||
| Q1 24 | — | — |
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 | — | $138.8M |
| Stockholders' EquityBook value | $559.3M | — |
| Total Assets | $624.0M | $772.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $30.9M | ||
| Q4 24 | $40.5M | $30.4M | ||
| Q3 24 | $31.7M | $30.9M | ||
| Q2 24 | — | $32.3M | ||
| Q1 24 | — | $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 | $559.3M | — | ||
| Q3 25 | $624.6M | — | ||
| Q2 25 | $560.5M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $430.9M | — | ||
| Q3 24 | $275.5M | — | ||
| Q2 24 | $268.6M | — | ||
| Q1 24 | — | — |
| Q4 25 | $624.0M | — | ||
| Q3 25 | $693.0M | — | ||
| Q2 25 | $628.7M | — | ||
| Q1 25 | — | $772.5M | ||
| Q4 24 | $478.6M | $772.9M | ||
| Q3 24 | $334.7M | $772.9M | ||
| Q2 24 | — | $789.6M | ||
| Q1 24 | — | $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 | $46.0M | $34.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 0.86× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $46.0M | — | ||
| Q3 25 | $-10.6M | — | ||
| Q2 25 | $10.2M | — | ||
| Q1 25 | — | $34.4M | ||
| Q4 24 | $-28.5M | $66.2M | ||
| Q3 24 | $-2.2M | $54.1M | ||
| Q2 24 | $-4.4M | $56.6M | ||
| Q1 24 | — | $71.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-55.5M | — | ||
| Q3 24 | $-34.7M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -189.9% | — | ||
| Q3 24 | -153.4% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 92.5% | 0.0% | ||
| Q3 24 | 143.9% | 0.0% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.29× | — | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | -0.42× | 1.55× | ||
| Q3 24 | -26.94× | 1.40× | ||
| Q2 24 | — | 1.23× | ||
| Q1 24 | — | 1.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HIVE
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% |
