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Side-by-side financial comparison of NATURAL RESOURCE PARTNERS LP (NRP) and Ponce Financial Group, Inc. (PDLB). Click either name above to swap in a different company.
NATURAL RESOURCE PARTNERS LP is the larger business by last-quarter revenue ($51.3M vs $31.4M, roughly 1.6× Ponce Financial Group, Inc.). NATURAL RESOURCE PARTNERS LP runs the higher net margin — 78.5% vs 36.3%, a 42.2% gap on every dollar of revenue. On growth, Ponce Financial Group, Inc. posted the faster year-over-year revenue change (37.6% vs -21.8%). Over the past eight quarters, Ponce Financial Group, Inc.'s revenue compounded faster (23.7% CAGR vs -8.3%).
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.
Ponce Financial Group, Inc. is a U.S.-based financial holding company operating Ponce Bank as its core subsidiary. It serves multicultural, immigrant and low-to-moderate income communities in the New York metro area, offering retail and commercial banking products including deposits, mortgages, small business financing and personal credit.
NRP vs PDLB — Head-to-Head
Income Statement — Q1 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $51.3M | $31.4M |
| Net Profit | $40.3M | $10.1M |
| Gross Margin | — | — |
| Operating Margin | 83.7% | 43.6% |
| Net Margin | 78.5% | 36.3% |
| Revenue YoY | -21.8% | 37.6% |
| Net Profit YoY | -28.4% | 245.6% |
| EPS (diluted) | — | $0.43 |
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 | — | $31.4M | ||
| Q3 25 | — | $26.7M | ||
| Q2 25 | — | $26.5M | ||
| Q1 25 | $51.3M | $24.6M | ||
| Q4 24 | $61.8M | $22.8M | ||
| Q3 24 | $50.4M | $20.2M | ||
| Q2 24 | $54.6M | $20.2M | ||
| Q1 24 | $65.6M | $20.5M |
| Q4 25 | — | $10.1M | ||
| Q3 25 | — | $6.5M | ||
| Q2 25 | — | $6.1M | ||
| Q1 25 | $40.3M | $6.0M | ||
| Q4 24 | $42.8M | $2.9M | ||
| Q3 24 | $38.6M | $2.4M | ||
| Q2 24 | $46.1M | $3.2M | ||
| Q1 24 | $56.2M | $2.4M |
| Q4 25 | — | 43.6% | ||
| Q3 25 | — | 32.8% | ||
| Q2 25 | — | 30.2% | ||
| Q1 25 | 83.7% | 32.5% | ||
| Q4 24 | 74.9% | 19.6% | ||
| Q3 24 | 84.9% | 15.2% | ||
| Q2 24 | 92.3% | 21.8% | ||
| Q1 24 | 91.0% | 18.3% |
| Q4 25 | — | 36.3% | ||
| Q3 25 | — | 24.3% | ||
| Q2 25 | — | 23.0% | ||
| Q1 25 | 78.5% | 24.2% | ||
| Q4 24 | 69.2% | 14.1% | ||
| Q3 24 | 76.6% | 12.1% | ||
| Q2 24 | 84.4% | 15.8% | ||
| Q1 24 | 85.7% | 11.8% |
| Q4 25 | — | $0.43 | ||
| Q3 25 | — | $0.27 | ||
| Q2 25 | — | $0.25 | ||
| Q1 25 | — | $0.25 | ||
| Q4 24 | — | $0.11 | ||
| Q3 24 | — | $0.10 | ||
| Q2 24 | — | $0.14 | ||
| Q1 24 | — | $0.11 |
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 | $126.2M |
| Total DebtLower is stronger | $138.8M | $596.1M |
| Stockholders' EquityBook value | — | $541.5M |
| Total Assets | $772.5M | $3.2B |
| Debt / EquityLower = less leverage | — | 1.10× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $126.2M | ||
| Q3 25 | — | $146.6M | ||
| Q2 25 | — | $126.6M | ||
| Q1 25 | $30.9M | $129.9M | ||
| Q4 24 | $30.4M | $139.8M | ||
| Q3 24 | $30.9M | $155.8M | ||
| Q2 24 | $32.3M | $103.2M | ||
| Q1 24 | $11.0M | $134.7M |
| Q4 25 | — | $596.1M | ||
| Q3 25 | — | $521.1M | ||
| Q2 25 | — | $536.1M | ||
| Q1 25 | $138.8M | $521.1M | ||
| Q4 24 | $142.1M | $596.1M | ||
| Q3 24 | $197.4M | $580.4M | ||
| Q2 24 | $210.3M | $680.4M | ||
| Q1 24 | $188.8M | $680.4M |
| Q4 25 | — | $541.5M | ||
| Q3 25 | — | $529.8M | ||
| Q2 25 | — | $521.1M | ||
| Q1 25 | — | $513.9M | ||
| Q4 24 | — | $505.5M | ||
| Q3 24 | — | $504.6M | ||
| Q2 24 | — | $497.7M | ||
| Q1 24 | — | $493.7M |
| Q4 25 | — | $3.2B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | — | $3.2B | ||
| Q1 25 | $772.5M | $3.1B | ||
| Q4 24 | $772.9M | $3.0B | ||
| Q3 24 | $772.9M | $3.0B | ||
| Q2 24 | $789.6M | $2.8B | ||
| Q1 24 | $772.9M | $2.8B |
| Q4 25 | — | 1.10× | ||
| Q3 25 | — | 0.98× | ||
| Q2 25 | — | 1.03× | ||
| Q1 25 | — | 1.01× | ||
| Q4 24 | — | 1.18× | ||
| Q3 24 | — | 1.15× | ||
| Q2 24 | — | 1.37× | ||
| Q1 24 | — | 1.38× |
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 | $34.4M | $55.6M |
| Free Cash FlowOCF − Capex | — | $54.6M |
| FCF MarginFCF / Revenue | — | 173.9% |
| Capex IntensityCapex / Revenue | — | 3.1% |
| Cash ConversionOCF / Net Profit | 0.86× | 5.48× |
| TTM Free Cash FlowTrailing 4 quarters | — | $74.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $55.6M | ||
| Q3 25 | — | $1.4M | ||
| Q2 25 | — | $6.2M | ||
| Q1 25 | $34.4M | $13.1M | ||
| Q4 24 | $66.2M | $7.2M | ||
| Q3 24 | $54.1M | $-14.6M | ||
| Q2 24 | $56.6M | $-2.6M | ||
| Q1 24 | $71.5M | $1.5M |
| Q4 25 | — | $54.6M | ||
| Q3 25 | — | $786.0K | ||
| Q2 25 | — | $5.9M | ||
| Q1 25 | — | $12.9M | ||
| Q4 24 | — | $4.5M | ||
| Q3 24 | — | $-15.0M | ||
| Q2 24 | — | $-2.6M | ||
| Q1 24 | — | $-315.0K |
| Q4 25 | — | 173.9% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | 22.4% | ||
| Q1 25 | — | 52.6% | ||
| Q4 24 | — | 19.7% | ||
| Q3 24 | — | -74.1% | ||
| Q2 24 | — | -13.0% | ||
| Q1 24 | — | -1.5% |
| Q4 25 | — | 3.1% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | 0.0% | 11.9% | ||
| Q3 24 | 0.0% | 2.0% | ||
| Q2 24 | 0.0% | 0.3% | ||
| Q1 24 | 0.0% | 8.7% |
| Q4 25 | — | 5.48× | ||
| Q3 25 | — | 0.21× | ||
| Q2 25 | — | 1.01× | ||
| Q1 25 | 0.86× | 2.20× | ||
| Q4 24 | 1.55× | 2.46× | ||
| Q3 24 | 1.40× | -5.99× | ||
| Q2 24 | 1.23× | -0.80× | ||
| Q1 24 | 1.27× | 0.61× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
PDLB
Segment breakdown not available.
