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Side-by-side financial comparison of NATURAL RESOURCE PARTNERS LP (NRP) and REGIS CORP (RGS). Click either name above to swap in a different company.

REGIS CORP is the larger business by last-quarter revenue ($57.1M vs $51.3M, roughly 1.1× NATURAL RESOURCE PARTNERS LP). NATURAL RESOURCE PARTNERS LP runs the higher net margin — 78.5% vs 0.8%, a 77.7% gap on every dollar of revenue. On growth, REGIS CORP posted the faster year-over-year revenue change (22.3% vs -21.8%). Over the past eight quarters, REGIS CORP's revenue compounded faster (7.8% 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.

Regis Corporation is an American operator of hair salons. As of August 2021, it has 5,563 franchised and 276 company-owned salons. Its headquarters are in Minneapolis, Minnesota.

NRP vs RGS — Head-to-Head

Bigger by revenue
RGS
RGS
1.1× larger
RGS
$57.1M
$51.3M
NRP
Growing faster (revenue YoY)
RGS
RGS
+44.1% gap
RGS
22.3%
-21.8%
NRP
Higher net margin
NRP
NRP
77.7% more per $
NRP
78.5%
0.8%
RGS
Faster 2-yr revenue CAGR
RGS
RGS
Annualised
RGS
7.8%
-8.3%
NRP

Income Statement — Q1 FY2025 vs Q2 FY2026

Metric
NRP
NRP
RGS
RGS
Revenue
$51.3M
$57.1M
Net Profit
$40.3M
$456.0K
Gross Margin
Operating Margin
83.7%
10.8%
Net Margin
78.5%
0.8%
Revenue YoY
-21.8%
22.3%
Net Profit YoY
-28.4%
-94.0%
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.

Revenue
NRP
NRP
RGS
RGS
Q4 25
$57.1M
Q3 25
$59.0M
Q2 25
$60.4M
Q1 25
$51.3M
$57.0M
Q4 24
$61.8M
$46.7M
Q3 24
$50.4M
$46.1M
Q2 24
$54.6M
$49.4M
Q1 24
$65.6M
$49.2M
Net Profit
NRP
NRP
RGS
RGS
Q4 25
$456.0K
Q3 25
$1.4M
Q2 25
$116.5M
Q1 25
$40.3M
$250.0K
Q4 24
$42.8M
$7.6M
Q3 24
$38.6M
$-853.0K
Q2 24
$46.1M
$91.2M
Q1 24
$56.2M
$-2.3M
Operating Margin
NRP
NRP
RGS
RGS
Q4 25
10.8%
Q3 25
10.0%
Q2 25
12.1%
Q1 25
83.7%
8.8%
Q4 24
74.9%
11.8%
Q3 24
84.9%
4.6%
Q2 24
92.3%
Q1 24
91.0%
8.3%
Net Margin
NRP
NRP
RGS
RGS
Q4 25
0.8%
Q3 25
2.3%
Q2 25
192.9%
Q1 25
78.5%
0.4%
Q4 24
69.2%
16.4%
Q3 24
76.6%
-1.9%
Q2 24
84.4%
184.7%
Q1 24
85.7%
-4.7%
EPS (diluted)
NRP
NRP
RGS
RGS
Q4 25
$0.16
Q3 25
$0.49
Q2 25
$43.67
Q1 25
$0.08
Q4 24
$2.71
Q3 24
$-0.36
Q2 24
$38.40
Q1 24
$-1.00

Balance Sheet & Financial Strength

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

Metric
NRP
NRP
RGS
RGS
Cash + ST InvestmentsLiquidity on hand
$30.9M
$18.4M
Total DebtLower is stronger
$138.8M
$113.3M
Stockholders' EquityBook value
$188.7M
Total Assets
$772.5M
$588.3M
Debt / EquityLower = less leverage
0.60×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NRP
NRP
RGS
RGS
Q4 25
$18.4M
Q3 25
$16.6M
Q2 25
$17.0M
Q1 25
$30.9M
$13.3M
Q4 24
$30.4M
$10.2M
Q3 24
$30.9M
$6.3M
Q2 24
$32.3M
$10.1M
Q1 24
$11.0M
$5.9M
Total Debt
NRP
NRP
RGS
RGS
Q4 25
$113.3M
Q3 25
$111.3M
Q2 25
$110.8M
Q1 25
$138.8M
$112.0M
Q4 24
$142.1M
$111.5M
Q3 24
$197.4M
$95.2M
Q2 24
$210.3M
$99.5M
Q1 24
$188.8M
$179.7M
Stockholders' Equity
NRP
NRP
RGS
RGS
Q4 25
$188.7M
Q3 25
$187.6M
Q2 25
$185.6M
Q1 25
$68.6M
Q4 24
$66.7M
Q3 24
$56.4M
Q2 24
$56.8M
Q1 24
$-35.8M
Total Assets
NRP
NRP
RGS
RGS
Q4 25
$588.3M
Q3 25
$592.1M
Q2 25
$599.0M
Q1 25
$772.5M
$511.2M
Q4 24
$772.9M
$530.1M
Q3 24
$772.9M
$508.9M
Q2 24
$789.6M
$530.5M
Q1 24
$772.9M
$543.7M
Debt / Equity
NRP
NRP
RGS
RGS
Q4 25
0.60×
Q3 25
0.59×
Q2 25
0.60×
Q1 25
1.63×
Q4 24
1.67×
Q3 24
1.69×
Q2 24
1.75×
Q1 24

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
RGS
RGS
Operating Cash FlowLast quarter
$34.4M
$1.7M
Free Cash FlowOCF − Capex
$891.0K
FCF MarginFCF / Revenue
1.6%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
0.86×
3.65×
TTM Free Cash FlowTrailing 4 quarters
$14.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NRP
NRP
RGS
RGS
Q4 25
$1.7M
Q3 25
$2.3M
Q2 25
$6.8M
Q1 25
$34.4M
$6.2M
Q4 24
$66.2M
$2.1M
Q3 24
$54.1M
$-1.3M
Q2 24
$56.6M
$5.1M
Q1 24
$71.5M
$-277.0K
Free Cash Flow
NRP
NRP
RGS
RGS
Q4 25
$891.0K
Q3 25
$1.9M
Q2 25
$6.2M
Q1 25
$5.9M
Q4 24
$1.7M
Q3 24
$-1.4M
Q2 24
$5.1M
Q1 24
$-326.0K
FCF Margin
NRP
NRP
RGS
RGS
Q4 25
1.6%
Q3 25
3.2%
Q2 25
10.3%
Q1 25
10.3%
Q4 24
3.6%
Q3 24
-3.0%
Q2 24
10.3%
Q1 24
-0.7%
Capex Intensity
NRP
NRP
RGS
RGS
Q4 25
1.4%
Q3 25
0.7%
Q2 25
0.9%
Q1 25
0.6%
Q4 24
0.0%
0.9%
Q3 24
0.0%
0.0%
Q2 24
0.0%
0.0%
Q1 24
0.0%
0.1%
Cash Conversion
NRP
NRP
RGS
RGS
Q4 25
3.65×
Q3 25
1.68×
Q2 25
0.06×
Q1 25
0.86×
24.80×
Q4 24
1.55×
0.28×
Q3 24
1.40×
Q2 24
1.23×
0.06×
Q1 24
1.27×

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%

RGS
RGS

Franchise Segment$37.9M66%
Royalty$13.6M24%
Other$2.8M5%
Fees$1.8M3%
Franchise Fees$1.0M2%

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