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Side-by-side financial comparison of NATURAL RESOURCE PARTNERS LP (NRP) and Silvercrest Asset Management Group Inc. (SAMG). 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 $32.0M, roughly 1.6× Silvercrest Asset Management Group Inc.). NATURAL RESOURCE PARTNERS LP runs the higher net margin — 78.5% vs -0.4%, a 78.9% gap on every dollar of revenue. On growth, Silvercrest Asset Management Group Inc. posted the faster year-over-year revenue change (-0.0% vs -21.8%). Over the past eight quarters, Silvercrest Asset Management Group Inc.'s revenue compounded faster (2.7% 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.
NRP vs SAMG — Head-to-Head
Income Statement — Q1 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $51.3M | $32.0M |
| Net Profit | $40.3M | $-120.0K |
| Gross Margin | — | — |
| Operating Margin | 83.7% | -2.8% |
| Net Margin | 78.5% | -0.4% |
| Revenue YoY | -21.8% | -0.0% |
| Net Profit YoY | -28.4% | -107.4% |
| EPS (diluted) | — | $0.02 |
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 | — | $32.0M | ||
| Q3 25 | — | $31.3M | ||
| Q2 25 | — | $30.7M | ||
| Q1 25 | $51.3M | $31.4M | ||
| Q4 24 | $61.8M | $32.0M | ||
| Q3 24 | $50.4M | $30.4M | ||
| Q2 24 | $54.6M | $31.0M | ||
| Q1 24 | $65.6M | $30.3M |
| Q4 25 | — | $-120.0K | ||
| Q3 25 | — | $618.0K | ||
| Q2 25 | — | $1.9M | ||
| Q1 25 | $40.3M | $2.5M | ||
| Q4 24 | $42.8M | $1.6M | ||
| Q3 24 | $38.6M | $2.3M | ||
| Q2 24 | $46.1M | $2.7M | ||
| Q1 24 | $56.2M | $3.0M |
| Q4 25 | — | -2.8% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | — | 13.2% | ||
| Q1 25 | 83.7% | 15.4% | ||
| Q4 24 | 74.9% | 6.1% | ||
| Q3 24 | 84.9% | 14.6% | ||
| Q2 24 | 92.3% | 17.1% | ||
| Q1 24 | 91.0% | 19.5% |
| Q4 25 | — | -0.4% | ||
| Q3 25 | — | 2.0% | ||
| Q2 25 | — | 6.3% | ||
| Q1 25 | 78.5% | 7.9% | ||
| Q4 24 | 69.2% | 5.1% | ||
| Q3 24 | 76.6% | 7.4% | ||
| Q2 24 | 84.4% | 8.6% | ||
| Q1 24 | 85.7% | 9.9% |
| Q4 25 | — | $0.02 | ||
| Q3 25 | — | $0.07 | ||
| Q2 25 | — | $0.21 | ||
| Q1 25 | — | $0.26 | ||
| Q4 24 | — | $0.16 | ||
| Q3 24 | — | $0.24 | ||
| Q2 24 | — | $0.28 | ||
| Q1 24 | — | $0.32 |
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 | $44.1M |
| Total DebtLower is stronger | $138.8M | — |
| Stockholders' EquityBook value | — | $50.3M |
| Total Assets | $772.5M | $166.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $44.1M | ||
| Q3 25 | — | $36.1M | ||
| Q2 25 | — | $30.0M | ||
| Q1 25 | $30.9M | $36.3M | ||
| Q4 24 | $30.4M | $68.6M | ||
| Q3 24 | $30.9M | $58.1M | ||
| Q2 24 | $32.3M | $49.9M | ||
| Q1 24 | $11.0M | $39.7M |
| 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 | — |
| Q4 25 | — | $50.3M | ||
| Q3 25 | — | $58.9M | ||
| Q2 25 | — | $64.6M | ||
| Q1 25 | — | $80.0M | ||
| Q4 24 | — | $80.7M | ||
| Q3 24 | — | $84.6M | ||
| Q2 24 | — | $85.3M | ||
| Q1 24 | — | $83.9M |
| Q4 25 | — | $166.6M | ||
| Q3 25 | — | $157.6M | ||
| Q2 25 | — | $152.7M | ||
| Q1 25 | $772.5M | $159.9M | ||
| Q4 24 | $772.9M | $194.4M | ||
| Q3 24 | $772.9M | $184.2M | ||
| Q2 24 | $789.6M | $177.6M | ||
| Q1 24 | $772.9M | $170.2M |
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 | $18.6M |
| Free Cash FlowOCF − Capex | — | $15.0M |
| FCF MarginFCF / Revenue | — | 46.9% |
| Capex IntensityCapex / Revenue | — | 11.4% |
| Cash ConversionOCF / Net Profit | 0.86× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $17.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $18.6M | ||
| Q3 25 | — | $14.6M | ||
| Q2 25 | — | $13.8M | ||
| Q1 25 | $34.4M | $-24.7M | ||
| Q4 24 | $66.2M | $21.6M | ||
| Q3 24 | $54.1M | $13.3M | ||
| Q2 24 | $56.6M | $16.0M | ||
| Q1 24 | $71.5M | $-24.1M |
| Q4 25 | — | $15.0M | ||
| Q3 25 | — | $13.8M | ||
| Q2 25 | — | $13.4M | ||
| Q1 25 | — | $-25.1M | ||
| Q4 24 | — | $19.9M | ||
| Q3 24 | — | $12.9M | ||
| Q2 24 | — | $15.6M | ||
| Q1 24 | — | $-24.7M |
| Q4 25 | — | 46.9% | ||
| Q3 25 | — | 44.1% | ||
| Q2 25 | — | 43.6% | ||
| Q1 25 | — | -80.0% | ||
| Q4 24 | — | 62.2% | ||
| Q3 24 | — | 42.4% | ||
| Q2 24 | — | 50.4% | ||
| Q1 24 | — | -81.6% |
| Q4 25 | — | 11.4% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | 0.0% | 5.3% | ||
| Q3 24 | 0.0% | 1.2% | ||
| Q2 24 | 0.0% | 1.1% | ||
| Q1 24 | 0.0% | 2.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 23.62× | ||
| Q2 25 | — | 7.22× | ||
| Q1 25 | 0.86× | -10.01× | ||
| Q4 24 | 1.55× | 13.34× | ||
| Q3 24 | 1.40× | 5.90× | ||
| Q2 24 | 1.23× | 6.00× | ||
| Q1 24 | 1.27× | -8.03× |
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% |
SAMG
| Investment Advisory Management And Administrative Service | $30.7M | 96% |
| Tax And Family Office Services | $1.2M | 4% |
