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Side-by-side financial comparison of MARTIN MIDSTREAM PARTNERS L.P. (MMLP) and Orla Mining Ltd. (ORLA). Click either name above to swap in a different company.

Orla Mining Ltd. is the larger business by last-quarter revenue ($251.2M vs $187.7M, roughly 1.3× MARTIN MIDSTREAM PARTNERS L.P.).

Martin Midstream Partners L.P. is a U.S.-based midstream energy services provider. It offers storage, transportation, distribution and processing solutions for crude oil, natural gas liquids, refined petroleum products and specialty chemicals, mainly serving customers across North American energy and industrial segments.

Orla Mining Ltd. is a Canada-based mineral exploration and development firm focused on high-grade gold and precious metal assets in North and Central America, with core projects in Mexico and Nevada, U.S. It follows sustainable responsible mining practices, collaborates with local communities, and delivers long-term value to stakeholders.

MMLP vs ORLA — Head-to-Head

Bigger by revenue
ORLA
ORLA
1.3× larger
ORLA
$251.2M
$187.7M
MMLP

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
MMLP
MMLP
ORLA
ORLA
Revenue
$187.7M
$251.2M
Net Profit
$3.2M
Gross Margin
Operating Margin
4.1%
Net Margin
1.7%
Revenue YoY
-2.5%
Net Profit YoY
-37.1%
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
MMLP
MMLP
ORLA
ORLA
Q1 26
$187.7M
Q4 25
$174.2M
Q3 25
$168.7M
$251.2M
Q2 25
$180.7M
$151.8M
Q1 25
$192.5M
Q4 24
$171.3M
Q3 24
$170.9M
$584.4M
Q2 24
$184.5M
$110.4M
Net Profit
MMLP
MMLP
ORLA
ORLA
Q1 26
$3.2M
Q4 25
$-2.9M
Q3 25
$-8.4M
Q2 25
$-2.4M
Q1 25
$-1.0M
Q4 24
$-8.9M
Q3 24
$-3.3M
$-368.9M
Q2 24
$3.8M
Gross Margin
MMLP
MMLP
ORLA
ORLA
Q1 26
Q4 25
57.1%
Q3 25
55.1%
Q2 25
56.5%
Q1 25
53.5%
Q4 24
58.2%
Q3 24
58.5%
Q2 24
58.4%
Operating Margin
MMLP
MMLP
ORLA
ORLA
Q1 26
4.1%
Q4 25
7.3%
Q3 25
4.1%
Q2 25
8.2%
Q1 25
7.5%
Q4 24
4.0%
Q3 24
7.4%
Q2 24
10.8%
Net Margin
MMLP
MMLP
ORLA
ORLA
Q1 26
1.7%
Q4 25
-1.7%
Q3 25
-5.0%
Q2 25
-1.3%
Q1 25
-0.5%
Q4 24
-5.2%
Q3 24
-1.9%
-63.1%
Q2 24
2.0%

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MMLP
MMLP
ORLA
ORLA
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$507.4M
Total Assets
$537.1M
$598.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MMLP
MMLP
ORLA
ORLA
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$96.6M
Total Debt
MMLP
MMLP
ORLA
ORLA
Q1 26
Q4 25
$428.0M
Q3 25
$441.3M
Q2 25
$427.8M
Q1 25
$451.4M
Q4 24
$437.6M
Q3 24
$469.3M
Q2 24
$439.4M
Stockholders' Equity
MMLP
MMLP
ORLA
ORLA
Q1 26
Q4 25
Q3 25
$507.4M
Q2 25
$507.4M
Q1 25
Q4 24
Q3 24
$968.6M
Q2 24
$400.5M
Total Assets
MMLP
MMLP
ORLA
ORLA
Q1 26
$537.1M
Q4 25
$522.4M
Q3 25
$510.1M
$598.3M
Q2 25
$515.6M
$598.3M
Q1 25
$533.4M
Q4 24
$538.5M
Q3 24
$554.8M
$1.3B
Q2 24
$535.1M
$535.8M

Cash Flow & Capital Efficiency

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

Metric
MMLP
MMLP
ORLA
ORLA
Operating Cash FlowLast quarter
$126.9M
Free Cash FlowOCF − Capex
$-6.0M
FCF MarginFCF / Revenue
-3.2%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$27.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MMLP
MMLP
ORLA
ORLA
Q1 26
Q4 25
$22.4M
Q3 25
$-1.2M
$126.9M
Q2 25
$30.9M
$74.9M
Q1 25
$-6.0M
Q4 24
$42.2M
Q3 24
$-15.8M
$92.4M
Q2 24
$11.8M
$22.4M
Free Cash Flow
MMLP
MMLP
ORLA
ORLA
Q1 26
$-6.0M
Q4 25
$15.6M
Q3 25
$-7.9M
Q2 25
$25.6M
Q1 25
$-11.9M
Q4 24
$34.2M
Q3 24
$-25.6M
Q2 24
$-696.0K
FCF Margin
MMLP
MMLP
ORLA
ORLA
Q1 26
-3.2%
Q4 25
8.9%
Q3 25
-4.7%
Q2 25
14.2%
Q1 25
-6.2%
Q4 24
20.0%
Q3 24
-15.0%
Q2 24
-0.4%
Capex Intensity
MMLP
MMLP
ORLA
ORLA
Q1 26
1.6%
Q4 25
3.9%
Q3 25
4.0%
Q2 25
3.0%
Q1 25
3.1%
Q4 24
4.6%
Q3 24
5.8%
Q2 24
6.8%
Cash Conversion
MMLP
MMLP
ORLA
ORLA
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
3.13×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MMLP
MMLP

Specialty products$61.6M33%
Transportation *$52.8M28%
Other$46.5M25%
Terminalling and storage *$22.4M12%
Sulfur services$4.4M2%

ORLA
ORLA

Segment breakdown not available.

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