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Side-by-side financial comparison of NATURAL RESOURCE PARTNERS LP (NRP) and Postal Realty Trust, Inc. (PSTL). 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 $26.0M, roughly 2.0× Postal Realty Trust, Inc.). NATURAL RESOURCE PARTNERS LP runs the higher net margin — 78.5% vs 17.9%, a 60.7% gap on every dollar of revenue. On growth, Postal Realty Trust, Inc. posted the faster year-over-year revenue change (21.7% vs -21.8%). Over the past eight quarters, Postal Realty Trust, Inc.'s revenue compounded faster (22.6% 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.
Postal Realty Trust, Inc. is a specialized real estate investment trust that acquires, owns, and manages properties primarily leased to the United States Postal Service. Its portfolio includes last-mile postal facilities, sorting centers, and retail post office locations across the U.S., supporting critical mail and package delivery infrastructure.
NRP vs PSTL — Head-to-Head
Income Statement — Q1 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $51.3M | $26.0M |
| Net Profit | $40.3M | $4.6M |
| Gross Margin | — | — |
| Operating Margin | 83.7% | 39.2% |
| Net Margin | 78.5% | 17.9% |
| Revenue YoY | -21.8% | 21.7% |
| Net Profit YoY | -28.4% | 3.1% |
| EPS (diluted) | — | $0.16 |
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 | — | $26.0M | ||
| Q3 25 | — | $24.3M | ||
| Q2 25 | — | $23.4M | ||
| Q1 25 | $51.3M | $22.1M | ||
| Q4 24 | $61.8M | $21.4M | ||
| Q3 24 | $50.4M | $19.7M | ||
| Q2 24 | $54.6M | $18.1M | ||
| Q1 24 | $65.6M | $17.3M |
| Q4 25 | — | $4.6M | ||
| Q3 25 | — | $3.8M | ||
| Q2 25 | — | $3.6M | ||
| Q1 25 | $40.3M | $2.1M | ||
| Q4 24 | $42.8M | $4.5M | ||
| Q3 24 | $38.6M | $1.1M | ||
| Q2 24 | $46.1M | $817.0K | ||
| Q1 24 | $56.2M | $206.0K |
| Q4 25 | — | 39.2% | ||
| Q3 25 | — | 37.6% | ||
| Q2 25 | — | 37.3% | ||
| Q1 25 | 83.7% | 28.4% | ||
| Q4 24 | 74.9% | 43.2% | ||
| Q3 24 | 84.9% | 24.3% | ||
| Q2 24 | 92.3% | 22.8% | ||
| Q1 24 | 91.0% | 17.6% |
| Q4 25 | — | 17.9% | ||
| Q3 25 | — | 15.7% | ||
| Q2 25 | — | 15.5% | ||
| Q1 25 | 78.5% | 9.4% | ||
| Q4 24 | 69.2% | 21.1% | ||
| Q3 24 | 76.6% | 5.4% | ||
| Q2 24 | 84.4% | 4.5% | ||
| Q1 24 | 85.7% | 1.2% |
| Q4 25 | — | $0.16 | ||
| Q3 25 | — | $0.13 | ||
| Q2 25 | — | $0.12 | ||
| Q1 25 | — | $0.06 | ||
| Q4 24 | — | $0.17 | ||
| Q3 24 | — | $0.03 | ||
| Q2 24 | — | $0.02 | ||
| Q1 24 | — | $-0.01 |
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 | $1.5M |
| Total DebtLower is stronger | $138.8M | $361.1M |
| Stockholders' EquityBook value | — | $285.2M |
| Total Assets | $772.5M | $759.1M |
| Debt / EquityLower = less leverage | — | 1.27× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.5M | ||
| Q3 25 | — | $1.9M | ||
| Q2 25 | — | $1.1M | ||
| Q1 25 | $30.9M | $639.0K | ||
| Q4 24 | $30.4M | $1.8M | ||
| Q3 24 | $30.9M | $970.0K | ||
| Q2 24 | $32.3M | $1.7M | ||
| Q1 24 | $11.0M | $1.9M |
| Q4 25 | — | $361.1M | ||
| Q3 25 | — | $347.0M | ||
| Q2 25 | — | $328.8M | ||
| Q1 25 | $138.8M | $306.7M | ||
| Q4 24 | $142.1M | $296.7M | ||
| Q3 24 | $197.4M | $277.0M | ||
| Q2 24 | $210.3M | $273.7M | ||
| Q1 24 | $188.8M | $247.6M |
| Q4 25 | — | $285.2M | ||
| Q3 25 | — | $273.9M | ||
| Q2 25 | — | $250.8M | ||
| Q1 25 | — | $245.5M | ||
| Q4 24 | — | $251.3M | ||
| Q3 24 | — | $245.6M | ||
| Q2 24 | — | $245.5M | ||
| Q1 24 | — | $248.1M |
| Q4 25 | — | $759.1M | ||
| Q3 25 | — | $735.2M | ||
| Q2 25 | — | $689.8M | ||
| Q1 25 | $772.5M | $654.0M | ||
| Q4 24 | $772.9M | $646.8M | ||
| Q3 24 | $772.9M | $615.1M | ||
| Q2 24 | $789.6M | $608.2M | ||
| Q1 24 | $772.9M | $584.1M |
| Q4 25 | — | 1.27× | ||
| Q3 25 | — | 1.27× | ||
| Q2 25 | — | 1.31× | ||
| Q1 25 | — | 1.25× | ||
| Q4 24 | — | 1.18× | ||
| Q3 24 | — | 1.13× | ||
| Q2 24 | — | 1.11× | ||
| Q1 24 | — | 1.00× |
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 | $44.5M |
| Free Cash FlowOCF − Capex | — | $37.6M |
| FCF MarginFCF / Revenue | — | 144.5% |
| Capex IntensityCapex / Revenue | — | 26.7% |
| Cash ConversionOCF / Net Profit | 0.86× | 9.59× |
| TTM Free Cash FlowTrailing 4 quarters | — | $65.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $44.5M | ||
| Q3 25 | — | $10.9M | ||
| Q2 25 | — | $11.4M | ||
| Q1 25 | $34.4M | $10.8M | ||
| Q4 24 | $66.2M | $33.5M | ||
| Q3 24 | $54.1M | $8.0M | ||
| Q2 24 | $56.6M | $9.9M | ||
| Q1 24 | $71.5M | $6.4M |
| Q4 25 | — | $37.6M | ||
| Q3 25 | — | $8.8M | ||
| Q2 25 | — | $9.1M | ||
| Q1 25 | — | $10.2M | ||
| Q4 24 | — | $30.7M | ||
| Q3 24 | — | $7.4M | ||
| Q2 24 | — | $8.9M | ||
| Q1 24 | — | $5.8M |
| Q4 25 | — | 144.5% | ||
| Q3 25 | — | 36.1% | ||
| Q2 25 | — | 38.8% | ||
| Q1 25 | — | 45.9% | ||
| Q4 24 | — | 143.8% | ||
| Q3 24 | — | 37.6% | ||
| Q2 24 | — | 49.4% | ||
| Q1 24 | — | 33.6% |
| Q4 25 | — | 26.7% | ||
| Q3 25 | — | 8.9% | ||
| Q2 25 | — | 10.1% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | 0.0% | 13.0% | ||
| Q3 24 | 0.0% | 3.2% | ||
| Q2 24 | 0.0% | 5.4% | ||
| Q1 24 | 0.0% | 3.5% |
| Q4 25 | — | 9.59× | ||
| Q3 25 | — | 2.87× | ||
| Q2 25 | — | 3.16× | ||
| Q1 25 | 0.86× | 5.20× | ||
| Q4 24 | 1.55× | 7.44× | ||
| Q3 24 | 1.40× | 7.48× | ||
| Q2 24 | 1.23× | 12.10× | ||
| Q1 24 | 1.27× | 31.07× |
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% |
PSTL
Segment breakdown not available.
