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Side-by-side financial comparison of NATURAL RESOURCE PARTNERS LP (NRP) and Rumble Inc. (RUM). 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 $27.1M, roughly 1.9× Rumble Inc.). NATURAL RESOURCE PARTNERS LP runs the higher net margin — 78.5% vs -120.8%, a 199.3% gap on every dollar of revenue. On growth, Rumble Inc. posted the faster year-over-year revenue change (-10.5% vs -21.8%). Over the past eight quarters, Rumble Inc.'s revenue compounded faster (15.2% 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.
Rumble is a Canadian-American online video platform, web hosting, and cloud services business headquartered in Toronto, Canada, with its U.S. headquarters in Longboat Key, Florida. It was founded in 2013 by Chris Pavlovski, a Canadian technology entrepreneur. Rumble's cloud services business hosts Truth Social, and the video platform is popular among American conservative and far-right users. Rumble has been described as "alt-tech".
NRP vs RUM — Head-to-Head
Income Statement — Q1 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $51.3M | $27.1M |
| Net Profit | $40.3M | $-32.7M |
| Gross Margin | — | 5.5% |
| Operating Margin | 83.7% | -131.1% |
| Net Margin | 78.5% | -120.8% |
| Revenue YoY | -21.8% | -10.5% |
| Net Profit YoY | -28.4% | 86.2% |
| EPS (diluted) | — | $-0.13 |
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 | — | $27.1M | ||
| Q3 25 | — | $24.8M | ||
| Q1 25 | $51.3M | $23.7M | ||
| Q4 24 | $61.8M | $30.2M | ||
| Q3 24 | $50.4M | $25.1M | ||
| Q2 24 | $54.6M | $22.5M | ||
| Q1 24 | $65.6M | $17.7M | ||
| Q4 23 | $72.9M | $20.4M |
| Q4 25 | — | $-32.7M | ||
| Q3 25 | — | $-16.3M | ||
| Q1 25 | $40.3M | $-2.7M | ||
| Q4 24 | $42.8M | $-236.8M | ||
| Q3 24 | $38.6M | $-31.5M | ||
| Q2 24 | $46.1M | $-26.8M | ||
| Q1 24 | $56.2M | $-43.3M | ||
| Q4 23 | $65.0M | $-29.3M |
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | -1.8% | ||
| Q1 25 | — | -26.7% | ||
| Q4 24 | — | -14.2% | ||
| Q3 24 | — | -45.4% | ||
| Q2 24 | — | -58.8% | ||
| Q1 24 | — | -79.5% | ||
| Q4 23 | — | — |
| Q4 25 | — | -131.1% | ||
| Q3 25 | — | -113.6% | ||
| Q1 25 | 83.7% | -153.5% | ||
| Q4 24 | 74.9% | -80.1% | ||
| Q3 24 | 84.9% | -131.0% | ||
| Q2 24 | 92.3% | -172.7% | ||
| Q1 24 | 91.0% | -197.4% | ||
| Q4 23 | 94.5% | -182.5% |
| Q4 25 | — | -120.8% | ||
| Q3 25 | — | -65.7% | ||
| Q1 25 | 78.5% | -11.2% | ||
| Q4 24 | 69.2% | -783.2% | ||
| Q3 24 | 76.6% | -125.9% | ||
| Q2 24 | 84.4% | -119.2% | ||
| Q1 24 | 85.7% | -244.1% | ||
| Q4 23 | 89.1% | -143.6% |
| Q4 25 | — | $-0.13 | ||
| Q3 25 | — | $-0.06 | ||
| Q1 25 | — | $-0.01 | ||
| Q4 24 | — | $-1.17 | ||
| Q3 24 | — | $-0.15 | ||
| Q2 24 | — | $-0.13 | ||
| Q1 24 | — | $-0.21 | ||
| Q4 23 | — | $-0.15 |
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 | $237.9M |
| Total DebtLower is stronger | $138.8M | — |
| Stockholders' EquityBook value | — | $274.8M |
| Total Assets | $772.5M | $336.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $237.9M | ||
| Q3 25 | — | $269.8M | ||
| Q1 25 | $30.9M | $301.3M | ||
| Q4 24 | $30.4M | $114.0M | ||
| Q3 24 | $30.9M | $132.0M | ||
| Q2 24 | $32.3M | $154.2M | ||
| Q1 24 | $11.0M | $183.8M | ||
| Q4 23 | $12.0M | $219.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q1 25 | $138.8M | — | ||
| Q4 24 | $142.1M | — | ||
| Q3 24 | $197.4M | — | ||
| Q2 24 | $210.3M | — | ||
| Q1 24 | $188.8M | — | ||
| Q4 23 | $155.1M | — |
| Q4 25 | — | $274.8M | ||
| Q3 25 | — | $302.2M | ||
| Q1 25 | — | $339.6M | ||
| Q4 24 | — | $-63.1M | ||
| Q3 24 | — | $166.1M | ||
| Q2 24 | — | $192.7M | ||
| Q1 24 | — | $210.7M | ||
| Q4 23 | — | $251.6M |
| Q4 25 | — | $336.8M | ||
| Q3 25 | — | $367.2M | ||
| Q1 25 | $772.5M | $391.1M | ||
| Q4 24 | $772.9M | $195.3M | ||
| Q3 24 | $772.9M | $217.2M | ||
| Q2 24 | $789.6M | $243.2M | ||
| Q1 24 | $772.9M | $263.0M | ||
| Q4 23 | $797.9M | $295.7M |
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 | $-29.4M |
| Free Cash FlowOCF − Capex | — | $-31.7M |
| FCF MarginFCF / Revenue | — | -117.2% |
| Capex IntensityCapex / Revenue | — | 8.5% |
| Cash ConversionOCF / Net Profit | 0.86× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-70.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-29.4M | ||
| Q3 25 | — | $-10.6M | ||
| Q1 25 | $34.4M | $-14.5M | ||
| Q4 24 | $66.2M | $-12.4M | ||
| Q3 24 | $54.1M | $-19.1M | ||
| Q2 24 | $56.6M | $-21.7M | ||
| Q1 24 | $71.5M | $-33.9M | ||
| Q4 23 | $77.8M | $-33.1M |
| Q4 25 | — | $-31.7M | ||
| Q3 25 | — | $-12.0M | ||
| Q1 25 | — | $-14.6M | ||
| Q4 24 | — | $-12.4M | ||
| Q3 24 | — | $-19.9M | ||
| Q2 24 | — | $-23.1M | ||
| Q1 24 | — | $-34.3M | ||
| Q4 23 | — | $-36.6M |
| Q4 25 | — | -117.2% | ||
| Q3 25 | — | -48.6% | ||
| Q1 25 | — | -61.7% | ||
| Q4 24 | — | -40.9% | ||
| Q3 24 | — | -79.5% | ||
| Q2 24 | — | -102.8% | ||
| Q1 24 | — | -193.3% | ||
| Q4 23 | — | -179.7% |
| Q4 25 | — | 8.5% | ||
| Q3 25 | — | 5.7% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | 0.0% | 0.1% | ||
| Q3 24 | 0.0% | 3.4% | ||
| Q2 24 | 0.0% | 6.1% | ||
| Q1 24 | 0.0% | 2.4% | ||
| Q4 23 | 0.0% | 17.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | 1.55× | — | ||
| Q3 24 | 1.40× | — | ||
| Q2 24 | 1.23× | — | ||
| Q1 24 | 1.27× | — | ||
| Q4 23 | 1.20× | — |
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% |
RUM
| Audience Monetization | $23.8M | 88% |
| Other Initiatives | $3.3M | 12% |
