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Side-by-side financial comparison of NATURAL RESOURCE PARTNERS LP (NRP) and READING INTERNATIONAL INC (RDI). 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 $50.3M, roughly 1.0× READING INTERNATIONAL INC). NATURAL RESOURCE PARTNERS LP runs the higher net margin — 78.5% vs -5.1%, a 83.6% gap on every dollar of revenue. On growth, READING INTERNATIONAL INC posted the faster year-over-year revenue change (-14.2% vs -21.8%). Over the past eight quarters, READING INTERNATIONAL INC's revenue compounded faster (5.6% 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.
The Reading Company was a Philadelphia-headquartered railroad that provided passenger and freight transport in eastern Pennsylvania and neighboring states from 1924 until its acquisition by Conrail in 1976.
NRP vs RDI — Head-to-Head
Income Statement — Q1 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $51.3M | $50.3M |
| Net Profit | $40.3M | $-2.6M |
| Gross Margin | — | — |
| Operating Margin | 83.7% | -1.9% |
| Net Margin | 78.5% | -5.1% |
| Revenue YoY | -21.8% | -14.2% |
| Net Profit YoY | -28.4% | -14.5% |
| EPS (diluted) | — | $-0.11 |
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 | — | $50.3M | ||
| Q3 25 | — | $52.2M | ||
| Q2 25 | — | $60.4M | ||
| Q1 25 | $51.3M | $40.2M | ||
| Q4 24 | $61.8M | $58.6M | ||
| Q3 24 | $50.4M | $60.1M | ||
| Q2 24 | $54.6M | $46.8M | ||
| Q1 24 | $65.6M | $45.1M |
| Q4 25 | — | $-2.6M | ||
| Q3 25 | — | $-4.2M | ||
| Q2 25 | — | $-2.7M | ||
| Q1 25 | $40.3M | $-4.8M | ||
| Q4 24 | $42.8M | $-2.2M | ||
| Q3 24 | $38.6M | $-7.0M | ||
| Q2 24 | $46.1M | $-12.8M | ||
| Q1 24 | $56.2M | $-13.2M |
| Q4 25 | — | -1.9% | ||
| Q3 25 | — | -0.6% | ||
| Q2 25 | — | 4.8% | ||
| Q1 25 | 83.7% | -17.2% | ||
| Q4 24 | 74.9% | 2.6% | ||
| Q3 24 | 84.9% | -0.6% | ||
| Q2 24 | 92.3% | -16.4% | ||
| Q1 24 | 91.0% | -16.7% |
| Q4 25 | — | -5.1% | ||
| Q3 25 | — | -8.0% | ||
| Q2 25 | — | -4.4% | ||
| Q1 25 | 78.5% | -11.8% | ||
| Q4 24 | 69.2% | -3.8% | ||
| Q3 24 | 76.6% | -11.7% | ||
| Q2 24 | 84.4% | -27.4% | ||
| Q1 24 | 85.7% | -29.4% |
| Q4 25 | — | $-0.11 | ||
| Q3 25 | — | $-0.18 | ||
| Q2 25 | — | $-0.12 | ||
| Q1 25 | — | $-0.21 | ||
| Q4 24 | — | $-0.11 | ||
| Q3 24 | — | $-0.31 | ||
| Q2 24 | — | $-0.57 | ||
| Q1 24 | — | $-0.59 |
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 | $10.5M |
| Total DebtLower is stronger | $138.8M | $185.1M |
| Stockholders' EquityBook value | — | $-18.2M |
| Total Assets | $772.5M | $434.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $10.5M | ||
| Q3 25 | — | $8.1M | ||
| Q2 25 | — | $9.1M | ||
| Q1 25 | $30.9M | $5.9M | ||
| Q4 24 | $30.4M | $12.4M | ||
| Q3 24 | $30.9M | $10.1M | ||
| Q2 24 | $32.3M | $9.3M | ||
| Q1 24 | $11.0M | $7.5M |
| Q4 25 | — | $185.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $138.8M | — | ||
| Q4 24 | $142.1M | $202.7M | ||
| Q3 24 | $197.4M | — | ||
| Q2 24 | $210.3M | — | ||
| Q1 24 | $188.8M | — |
| Q4 25 | — | $-18.2M | ||
| Q3 25 | — | $-12.1M | ||
| Q2 25 | — | $-7.7M | ||
| Q1 25 | — | $-8.1M | ||
| Q4 24 | — | $-4.4M | ||
| Q3 24 | — | $1.6M | ||
| Q2 24 | — | $6.5M | ||
| Q1 24 | — | $18.0M |
| Q4 25 | — | $434.9M | ||
| Q3 25 | — | $435.2M | ||
| Q2 25 | — | $438.1M | ||
| Q1 25 | $772.5M | $441.0M | ||
| Q4 24 | $772.9M | $471.0M | ||
| Q3 24 | $772.9M | $495.7M | ||
| Q2 24 | $789.6M | $494.9M | ||
| Q1 24 | $772.9M | $494.9M |
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 | $34.4M | $4.3M |
| Free Cash FlowOCF − Capex | — | $4.1M |
| FCF MarginFCF / Revenue | — | 8.2% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | 0.86× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-2.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $4.3M | ||
| Q3 25 | — | $295.0K | ||
| Q2 25 | — | $1.6M | ||
| Q1 25 | $34.4M | $-7.7M | ||
| Q4 24 | $66.2M | $8.0M | ||
| Q3 24 | $54.1M | $1.3M | ||
| Q2 24 | $56.6M | $-10.4M | ||
| Q1 24 | $71.5M | $-2.8M |
| Q4 25 | — | $4.1M | ||
| Q3 25 | — | $-246.0K | ||
| Q2 25 | — | $1.2M | ||
| Q1 25 | — | $-8.0M | ||
| Q4 24 | — | $7.0M | ||
| Q3 24 | — | $-1.1M | ||
| Q2 24 | — | $-10.6M | ||
| Q1 24 | — | $-4.7M |
| Q4 25 | — | 8.2% | ||
| Q3 25 | — | -0.5% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | -19.8% | ||
| Q4 24 | — | 12.0% | ||
| Q3 24 | — | -1.8% | ||
| Q2 24 | — | -22.7% | ||
| Q1 24 | — | -10.4% |
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | 0.0% | 1.7% | ||
| Q3 24 | 0.0% | 4.0% | ||
| Q2 24 | 0.0% | 0.5% | ||
| Q1 24 | 0.0% | 4.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | 1.55× | — | ||
| Q3 24 | 1.40× | — | ||
| Q2 24 | 1.23× | — | ||
| Q1 24 | 1.27× | — |
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% |
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
