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Side-by-side financial comparison of NATURAL RESOURCE PARTNERS LP (NRP) and PLUMAS BANCORP (PLBC). 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 $28.6M, roughly 1.8× PLUMAS BANCORP). On growth, PLUMAS BANCORP posted the faster year-over-year revenue change (35.1% vs -21.8%). Over the past eight quarters, PLUMAS BANCORP's revenue compounded faster (20.8% 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.

Plumas Bancorp is a U.S.-based bank holding company operating through its subsidiary Plumas Bank. It provides full-spectrum retail and commercial banking services including deposit products, consumer and commercial loans, small business financing, and wealth management for individual customers, SMEs and local community groups across northern California and Nevada.

NRP vs PLBC — Head-to-Head

Bigger by revenue
NRP
NRP
1.8× larger
NRP
$51.3M
$28.6M
PLBC
Growing faster (revenue YoY)
PLBC
PLBC
+56.9% gap
PLBC
35.1%
-21.8%
NRP
Faster 2-yr revenue CAGR
PLBC
PLBC
Annualised
PLBC
20.8%
-8.3%
NRP

Income Statement — Q1 FY2025 vs Q4 FY2025

Metric
NRP
NRP
PLBC
PLBC
Revenue
$51.3M
$28.6M
Net Profit
$40.3M
Gross Margin
Operating Margin
83.7%
48.9%
Net Margin
78.5%
Revenue YoY
-21.8%
35.1%
Net Profit YoY
-28.4%
EPS (diluted)
$1.56

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
NRP
NRP
PLBC
PLBC
Q4 25
$28.6M
Q3 25
$27.4M
Q2 25
$20.5M
Q1 25
$51.3M
$21.8M
Q4 24
$61.8M
$21.2M
Q3 24
$50.4M
$21.1M
Q2 24
$54.6M
$20.6M
Q1 24
$65.6M
$19.6M
Net Profit
NRP
NRP
PLBC
PLBC
Q4 25
Q3 25
$5.1M
Q2 25
$6.3M
Q1 25
$40.3M
$7.2M
Q4 24
$42.8M
Q3 24
$38.6M
$7.8M
Q2 24
$46.1M
$6.8M
Q1 24
$56.2M
$6.3M
Operating Margin
NRP
NRP
PLBC
PLBC
Q4 25
48.9%
Q3 25
25.2%
Q2 25
42.2%
Q1 25
83.7%
46.1%
Q4 24
74.9%
50.3%
Q3 24
84.9%
50.6%
Q2 24
92.3%
45.1%
Q1 24
91.0%
42.8%
Net Margin
NRP
NRP
PLBC
PLBC
Q4 25
Q3 25
18.8%
Q2 25
30.8%
Q1 25
78.5%
33.0%
Q4 24
69.2%
Q3 24
76.6%
37.1%
Q2 24
84.4%
32.9%
Q1 24
85.7%
31.9%
EPS (diluted)
NRP
NRP
PLBC
PLBC
Q4 25
$1.56
Q3 25
$0.73
Q2 25
$1.05
Q1 25
$1.20
Q4 24
$1.30
Q3 24
$1.31
Q2 24
$1.14
Q1 24
$1.05

Balance Sheet & Financial Strength

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

Metric
NRP
NRP
PLBC
PLBC
Cash + ST InvestmentsLiquidity on hand
$30.9M
$80.6M
Total DebtLower is stronger
$138.8M
Stockholders' EquityBook value
$261.1M
Total Assets
$772.5M
$2.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NRP
NRP
PLBC
PLBC
Q4 25
$80.6M
Q3 25
$87.3M
Q2 25
$79.3M
Q1 25
$30.9M
$87.3M
Q4 24
$30.4M
$82.0M
Q3 24
$30.9M
$118.0M
Q2 24
$32.3M
$109.9M
Q1 24
$11.0M
$128.2M
Total Debt
NRP
NRP
PLBC
PLBC
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
Stockholders' Equity
NRP
NRP
PLBC
PLBC
Q4 25
$261.1M
Q3 25
$245.9M
Q2 25
$193.1M
Q1 25
$187.6M
Q4 24
$177.9M
Q3 24
$181.9M
Q2 24
$165.2M
Q1 24
$161.5M
Total Assets
NRP
NRP
PLBC
PLBC
Q4 25
$2.2B
Q3 25
$2.2B
Q2 25
$1.6B
Q1 25
$772.5M
$1.6B
Q4 24
$772.9M
$1.6B
Q3 24
$772.9M
$1.7B
Q2 24
$789.6M
$1.6B
Q1 24
$772.9M
$1.6B

Cash Flow & Capital Efficiency

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

Metric
NRP
NRP
PLBC
PLBC
Operating Cash FlowLast quarter
$34.4M
$21.6M
Free Cash FlowOCF − Capex
$20.3M
FCF MarginFCF / Revenue
70.9%
Capex IntensityCapex / Revenue
4.6%
Cash ConversionOCF / Net Profit
0.86×
TTM Free Cash FlowTrailing 4 quarters
$34.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NRP
NRP
PLBC
PLBC
Q4 25
$21.6M
Q3 25
$5.6M
Q2 25
$2.1M
Q1 25
$34.4M
$7.5M
Q4 24
$66.2M
$30.5M
Q3 24
$54.1M
$8.0M
Q2 24
$56.6M
$5.1M
Q1 24
$71.5M
$9.2M
Free Cash Flow
NRP
NRP
PLBC
PLBC
Q4 25
$20.3M
Q3 25
$4.8M
Q2 25
$2.0M
Q1 25
$7.3M
Q4 24
$29.8M
Q3 24
$7.8M
Q2 24
$4.8M
Q1 24
$9.0M
FCF Margin
NRP
NRP
PLBC
PLBC
Q4 25
70.9%
Q3 25
17.5%
Q2 25
9.9%
Q1 25
33.7%
Q4 24
141.0%
Q3 24
37.1%
Q2 24
23.5%
Q1 24
45.8%
Capex Intensity
NRP
NRP
PLBC
PLBC
Q4 25
4.6%
Q3 25
2.9%
Q2 25
0.2%
Q1 25
0.8%
Q4 24
0.0%
3.2%
Q3 24
0.0%
0.7%
Q2 24
0.0%
1.1%
Q1 24
0.0%
1.0%
Cash Conversion
NRP
NRP
PLBC
PLBC
Q4 25
Q3 25
1.09×
Q2 25
0.33×
Q1 25
0.86×
1.04×
Q4 24
1.55×
Q3 24
1.40×
1.02×
Q2 24
1.23×
0.75×
Q1 24
1.27×
1.46×

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

PLBC
PLBC

Segment breakdown not available.

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