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Side-by-side financial comparison of MID PENN BANCORP INC (MPB) and NATURAL RESOURCE PARTNERS LP (NRP). Click either name above to swap in a different company.
MID PENN BANCORP INC is the larger business by last-quarter revenue ($62.0M vs $51.3M, roughly 1.2× NATURAL RESOURCE PARTNERS LP). NATURAL RESOURCE PARTNERS LP runs the higher net margin — 78.5% vs 31.4%, a 47.2% gap on every dollar of revenue. On growth, MID PENN BANCORP INC posted the faster year-over-year revenue change (30.8% vs -21.8%). Over the past eight quarters, MID PENN BANCORP INC's revenue compounded faster (21.1% CAGR vs -8.3%).
Commerce Bancorp was a Cherry Hill, New Jersey–based bank created in 1973. In 2007, it was purchased by Toronto-Dominion Bank, which merged Commerce into TD Banknorth, the latter of which was rebranded to TD Bank.
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.
MPB vs NRP — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2025
| Metric | | |
|---|---|---|
| Revenue | $62.0M | $51.3M |
| Net Profit | $19.4M | $40.3M |
| Gross Margin | — | — |
| Operating Margin | 43.6% | 83.7% |
| Net Margin | 31.4% | 78.5% |
| Revenue YoY | 30.8% | -21.8% |
| Net Profit YoY | 47.0% | -28.4% |
| EPS (diluted) | $0.83 | — |
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 | $62.0M | — | ||
| Q3 25 | $61.8M | — | ||
| Q2 25 | $54.3M | — | ||
| Q1 25 | $47.7M | $51.3M | ||
| Q4 24 | $47.4M | $61.8M | ||
| Q3 24 | $45.3M | $50.4M | ||
| Q2 24 | $44.1M | $54.6M | ||
| Q1 24 | $42.3M | $65.6M |
| Q4 25 | $19.4M | — | ||
| Q3 25 | $18.3M | — | ||
| Q2 25 | $4.8M | — | ||
| Q1 25 | $13.7M | $40.3M | ||
| Q4 24 | $13.2M | $42.8M | ||
| Q3 24 | $12.3M | $38.6M | ||
| Q2 24 | $11.8M | $46.1M | ||
| Q1 24 | $12.1M | $56.2M |
| Q4 25 | 43.6% | — | ||
| Q3 25 | 39.3% | — | ||
| Q2 25 | 7.9% | — | ||
| Q1 25 | 35.2% | 83.7% | ||
| Q4 24 | 34.1% | 74.9% | ||
| Q3 24 | 32.8% | 84.9% | ||
| Q2 24 | 32.4% | 92.3% | ||
| Q1 24 | 34.8% | 91.0% |
| Q4 25 | 31.4% | — | ||
| Q3 25 | 29.6% | — | ||
| Q2 25 | 8.8% | — | ||
| Q1 25 | 28.8% | 78.5% | ||
| Q4 24 | 27.9% | 69.2% | ||
| Q3 24 | 27.1% | 76.6% | ||
| Q2 24 | 26.7% | 84.4% | ||
| Q1 24 | 28.7% | 85.7% |
| Q4 25 | $0.83 | — | ||
| Q3 25 | $0.79 | — | ||
| Q2 25 | $0.22 | — | ||
| Q1 25 | $0.71 | — | ||
| Q4 24 | $0.72 | — | ||
| Q3 24 | $0.74 | — | ||
| Q2 24 | $0.71 | — | ||
| Q1 24 | $0.73 | — |
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 | $814.1M | — |
| Total Assets | $6.1B | $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 | — | $30.4M | ||
| Q3 24 | — | $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 | $814.1M | — | ||
| Q3 25 | $796.3M | — | ||
| Q2 25 | $775.7M | — | ||
| Q1 25 | $667.9M | — | ||
| Q4 24 | $655.0M | — | ||
| Q3 24 | $573.1M | — | ||
| Q2 24 | $559.7M | — | ||
| Q1 24 | $551.0M | — |
| Q4 25 | $6.1B | — | ||
| Q3 25 | $6.3B | — | ||
| Q2 25 | $6.4B | — | ||
| Q1 25 | $5.5B | $772.5M | ||
| Q4 24 | $5.5B | $772.9M | ||
| Q3 24 | $5.5B | $772.9M | ||
| Q2 24 | $5.4B | $789.6M | ||
| Q1 24 | $5.3B | $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 | $80.0M | $34.4M |
| Free Cash FlowOCF − Capex | $71.8M | — |
| FCF MarginFCF / Revenue | 115.8% | — |
| Capex IntensityCapex / Revenue | 13.3% | — |
| Cash ConversionOCF / Net Profit | 4.12× | 0.86× |
| TTM Free Cash FlowTrailing 4 quarters | $132.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $80.0M | — | ||
| Q3 25 | $26.3M | — | ||
| Q2 25 | $29.0M | — | ||
| Q1 25 | $11.5M | $34.4M | ||
| Q4 24 | $51.4M | $66.2M | ||
| Q3 24 | $16.9M | $54.1M | ||
| Q2 24 | $18.0M | $56.6M | ||
| Q1 24 | $12.4M | $71.5M |
| Q4 25 | $71.8M | — | ||
| Q3 25 | $24.3M | — | ||
| Q2 25 | $27.2M | — | ||
| Q1 25 | $8.8M | — | ||
| Q4 24 | $44.5M | — | ||
| Q3 24 | $16.8M | — | ||
| Q2 24 | $17.7M | — | ||
| Q1 24 | $12.1M | — |
| Q4 25 | 115.8% | — | ||
| Q3 25 | 39.4% | — | ||
| Q2 25 | 50.1% | — | ||
| Q1 25 | 18.4% | — | ||
| Q4 24 | 93.8% | — | ||
| Q3 24 | 37.1% | — | ||
| Q2 24 | 40.2% | — | ||
| Q1 24 | 28.5% | — |
| Q4 25 | 13.3% | — | ||
| Q3 25 | 3.1% | — | ||
| Q2 25 | 3.2% | — | ||
| Q1 25 | 5.7% | — | ||
| Q4 24 | 14.6% | 0.0% | ||
| Q3 24 | 0.0% | 0.0% | ||
| Q2 24 | 0.7% | 0.0% | ||
| Q1 24 | 0.8% | 0.0% |
| Q4 25 | 4.12× | — | ||
| Q3 25 | 1.44× | — | ||
| Q2 25 | 6.08× | — | ||
| Q1 25 | 0.84× | 0.86× | ||
| Q4 24 | 3.88× | 1.55× | ||
| Q3 24 | 1.37× | 1.40× | ||
| Q2 24 | 1.53× | 1.23× | ||
| Q1 24 | 1.02× | 1.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MPB
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% |
