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Side-by-side financial comparison of LifeMD, Inc. (LFMD) and NATURAL RESOURCE PARTNERS LP (NRP). Click either name above to swap in a different company.

LifeMD, Inc. is the larger business by last-quarter revenue ($60.2M vs $51.3M, roughly 1.2× NATURAL RESOURCE PARTNERS LP). NATURAL RESOURCE PARTNERS LP runs the higher net margin — 78.5% vs -6.3%, a 84.9% gap on every dollar of revenue. On growth, LifeMD, Inc. posted the faster year-over-year revenue change (13.0% vs -21.8%). Over the past eight quarters, LifeMD, Inc.'s revenue compounded faster (24.8% CAGR vs -8.3%).

SBI Life Insurance Company Limited is an Indian life insurance company. It was started as a joint venture between State Bank of India (SBI) and French financial institution BNP Paribas Cardif.

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.

LFMD vs NRP — Head-to-Head

Bigger by revenue
LFMD
LFMD
1.2× larger
LFMD
$60.2M
$51.3M
NRP
Growing faster (revenue YoY)
LFMD
LFMD
+34.8% gap
LFMD
13.0%
-21.8%
NRP
Higher net margin
NRP
NRP
84.9% more per $
NRP
78.5%
-6.3%
LFMD
Faster 2-yr revenue CAGR
LFMD
LFMD
Annualised
LFMD
24.8%
-8.3%
NRP

Income Statement — Q3 FY2025 vs Q1 FY2025

Metric
LFMD
LFMD
NRP
NRP
Revenue
$60.2M
$51.3M
Net Profit
$-3.8M
$40.3M
Gross Margin
87.7%
Operating Margin
-3.3%
83.7%
Net Margin
-6.3%
78.5%
Revenue YoY
13.0%
-21.8%
Net Profit YoY
18.3%
-28.4%
EPS (diluted)

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
LFMD
LFMD
NRP
NRP
Q3 25
$60.2M
Q2 25
$62.7M
Q1 25
$64.1M
$51.3M
Q4 24
$61.8M
Q3 24
$53.3M
$50.4M
Q2 24
$50.7M
$54.6M
Q1 24
$44.1M
$65.6M
Q4 23
$44.9M
$72.9M
Net Profit
LFMD
LFMD
NRP
NRP
Q3 25
$-3.8M
Q2 25
$-1.6M
Q1 25
$-183.8K
$40.3M
Q4 24
$42.8M
Q3 24
$-4.7M
$38.6M
Q2 24
$-6.9M
$46.1M
Q1 24
$-6.8M
$56.2M
Q4 23
$-3.7M
$65.0M
Gross Margin
LFMD
LFMD
NRP
NRP
Q3 25
87.7%
Q2 25
88.1%
Q1 25
86.5%
Q4 24
Q3 24
90.6%
Q2 24
90.1%
Q1 24
89.6%
Q4 23
88.1%
Operating Margin
LFMD
LFMD
NRP
NRP
Q3 25
-3.3%
Q2 25
-0.7%
Q1 25
1.5%
83.7%
Q4 24
74.9%
Q3 24
-7.5%
84.9%
Q2 24
-12.4%
92.3%
Q1 24
-14.0%
91.0%
Q4 23
-4.8%
94.5%
Net Margin
LFMD
LFMD
NRP
NRP
Q3 25
-6.3%
Q2 25
-2.6%
Q1 25
-0.3%
78.5%
Q4 24
69.2%
Q3 24
-8.7%
76.6%
Q2 24
-13.6%
84.4%
Q1 24
-15.3%
85.7%
Q4 23
-8.3%
89.1%
EPS (diluted)
LFMD
LFMD
NRP
NRP
Q3 25
Q2 25
$-0.05
Q1 25
$-0.02
Q4 24
Q3 24
$-0.13
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
LFMD
LFMD
NRP
NRP
Cash + ST InvestmentsLiquidity on hand
$30.9M
Total DebtLower is stronger
$138.8M
Stockholders' EquityBook value
$1.3M
Total Assets
$66.0M
$772.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LFMD
LFMD
NRP
NRP
Q3 25
Q2 25
$36.2M
Q1 25
$34.4M
$30.9M
Q4 24
$30.4M
Q3 24
$37.6M
$30.9M
Q2 24
$35.7M
$32.3M
Q1 24
$35.1M
$11.0M
Q4 23
$33.1M
$12.0M
Total Debt
LFMD
LFMD
NRP
NRP
Q3 25
Q2 25
$15.9M
Q1 25
$138.8M
Q4 24
$142.1M
Q3 24
$197.4M
Q2 24
$210.3M
Q1 24
$188.8M
Q4 23
$155.1M
Stockholders' Equity
LFMD
LFMD
NRP
NRP
Q3 25
$1.3M
Q2 25
$-1.8M
Q1 25
$-2.3M
Q4 24
Q3 24
$-7.7M
Q2 24
$-4.2M
Q1 24
$-845.3K
Q4 23
$3.5M
Total Assets
LFMD
LFMD
NRP
NRP
Q3 25
$66.0M
Q2 25
$73.6M
Q1 25
$73.6M
$772.5M
Q4 24
$772.9M
Q3 24
$72.6M
$772.9M
Q2 24
$63.8M
$789.6M
Q1 24
$61.5M
$772.9M
Q4 23
$58.5M
$797.9M

Cash Flow & Capital Efficiency

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

Metric
LFMD
LFMD
NRP
NRP
Operating Cash FlowLast quarter
$-147.1K
$34.4M
Free Cash FlowOCF − Capex
$-944.4K
FCF MarginFCF / Revenue
-1.6%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
0.86×
TTM Free Cash FlowTrailing 4 quarters
$16.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LFMD
LFMD
NRP
NRP
Q3 25
$-147.1K
Q2 25
$8.6M
Q1 25
$3.1M
$34.4M
Q4 24
$66.2M
Q3 24
$6.7M
$54.1M
Q2 24
$4.5M
$56.6M
Q1 24
$5.2M
$71.5M
Q4 23
$5.7M
$77.8M
Free Cash Flow
LFMD
LFMD
NRP
NRP
Q3 25
$-944.4K
Q2 25
$7.8M
Q1 25
$2.9M
Q4 24
Q3 24
$6.3M
Q2 24
$3.9M
Q1 24
$5.0M
Q4 23
$5.6M
FCF Margin
LFMD
LFMD
NRP
NRP
Q3 25
-1.6%
Q2 25
12.5%
Q1 25
4.6%
Q4 24
Q3 24
11.7%
Q2 24
7.7%
Q1 24
11.4%
Q4 23
12.5%
Capex Intensity
LFMD
LFMD
NRP
NRP
Q3 25
1.3%
Q2 25
1.3%
Q1 25
0.2%
Q4 24
0.0%
Q3 24
0.8%
0.0%
Q2 24
1.3%
0.0%
Q1 24
0.4%
0.0%
Q4 23
0.2%
0.0%
Cash Conversion
LFMD
LFMD
NRP
NRP
Q3 25
Q2 25
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

LFMD
LFMD

Telehealth Subscription Revenue$27.3M45%
Telehealth$20.0M33%
Work Simpli Revenue$12.9M21%
Product And Services$2.5M4%

NRP
NRP

Coal Royalty Revenues$35.5M69%
Soda Ash Segment$4.6M9%
Transportation And Processing Services$4.4M9%
Production Lease Minimum Revenues$2.7M5%
Oil And Gas Royalty Revenues$2.4M5%
Other$1.6M3%

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