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

SILICOM LTD. is the larger business by last-quarter revenue ($61.9M vs $51.3M, roughly 1.2× NATURAL RESOURCE PARTNERS LP). NATURAL RESOURCE PARTNERS LP runs the higher net margin — 78.5% vs -18.5%, a 97.1% gap on every dollar of revenue. On growth, SILICOM LTD. posted the faster year-over-year revenue change (6.6% vs -21.8%).

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.

Silicom Ltd. is a publicly traded company, headquartered in Israel, that specializes in the design, manufacture and marketing of connectivity solutions for a range of servers and server-based systems. Its shares are listed on the NASDAQ Global Market and on the Tel Aviv Stock Exchange. Silicom is a member of the RAD Group family of companies.

NRP vs SILC — Head-to-Head

Bigger by revenue
SILC
SILC
1.2× larger
SILC
$61.9M
$51.3M
NRP
Growing faster (revenue YoY)
SILC
SILC
+28.4% gap
SILC
6.6%
-21.8%
NRP
Higher net margin
NRP
NRP
97.1% more per $
NRP
78.5%
-18.5%
SILC

Income Statement — Q1 FY2025 vs Q4 FY2025

Metric
NRP
NRP
SILC
SILC
Revenue
$51.3M
$61.9M
Net Profit
$40.3M
$-11.5M
Gross Margin
30.6%
Operating Margin
83.7%
-19.8%
Net Margin
78.5%
-18.5%
Revenue YoY
-21.8%
6.6%
Net Profit YoY
-28.4%
16.3%
EPS (diluted)
$-2.01

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
SILC
SILC
Q4 25
$61.9M
Q1 25
$51.3M
Q4 24
$61.8M
$58.1M
Q3 24
$50.4M
Q2 24
$54.6M
Q1 24
$65.6M
Q4 23
$72.9M
Q3 23
$68.5M
Net Profit
NRP
NRP
SILC
SILC
Q4 25
$-11.5M
Q1 25
$40.3M
Q4 24
$42.8M
$-13.7M
Q3 24
$38.6M
Q2 24
$46.1M
Q1 24
$56.2M
Q4 23
$65.0M
Q3 23
$63.8M
Gross Margin
NRP
NRP
SILC
SILC
Q4 25
30.6%
Q1 25
Q4 24
28.6%
Q3 24
Q2 24
Q1 24
Q4 23
Q3 23
Operating Margin
NRP
NRP
SILC
SILC
Q4 25
-19.8%
Q1 25
83.7%
Q4 24
74.9%
-22.8%
Q3 24
84.9%
Q2 24
92.3%
Q1 24
91.0%
Q4 23
94.5%
Q3 23
98.8%
Net Margin
NRP
NRP
SILC
SILC
Q4 25
-18.5%
Q1 25
78.5%
Q4 24
69.2%
-23.6%
Q3 24
76.6%
Q2 24
84.4%
Q1 24
85.7%
Q4 23
89.1%
Q3 23
93.2%
EPS (diluted)
NRP
NRP
SILC
SILC
Q4 25
$-2.01
Q1 25
Q4 24
$-2.28
Q3 24
Q2 24
Q1 24
Q4 23
Q3 23

Balance Sheet & Financial Strength

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

Metric
NRP
NRP
SILC
SILC
Cash + ST InvestmentsLiquidity on hand
$30.9M
$42.1M
Total DebtLower is stronger
$138.8M
Stockholders' EquityBook value
$117.5M
Total Assets
$772.5M
$152.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NRP
NRP
SILC
SILC
Q4 25
$42.1M
Q1 25
$30.9M
Q4 24
$30.4M
$72.1M
Q3 24
$30.9M
Q2 24
$32.3M
Q1 24
$11.0M
Q4 23
$12.0M
Q3 23
$18.4M
Total Debt
NRP
NRP
SILC
SILC
Q4 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
Q3 23
$207.5M
Stockholders' Equity
NRP
NRP
SILC
SILC
Q4 25
$117.5M
Q1 25
Q4 24
$127.8M
Q3 24
Q2 24
Q1 24
Q4 23
Q3 23
Total Assets
NRP
NRP
SILC
SILC
Q4 25
$152.2M
Q1 25
$772.5M
Q4 24
$772.9M
$150.4M
Q3 24
$772.9M
Q2 24
$789.6M
Q1 24
$772.9M
Q4 23
$797.9M
Q3 23
$815.2M

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
SILC
SILC
Operating Cash FlowLast quarter
$34.4M
$-2.2M
Free Cash FlowOCF − Capex
$-3.3M
FCF MarginFCF / Revenue
-5.4%
Capex IntensityCapex / Revenue
1.9%
Cash ConversionOCF / Net Profit
0.86×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NRP
NRP
SILC
SILC
Q4 25
$-2.2M
Q1 25
$34.4M
Q4 24
$66.2M
$18.3M
Q3 24
$54.1M
Q2 24
$56.6M
Q1 24
$71.5M
Q4 23
$77.8M
Q3 23
$78.9M
Free Cash Flow
NRP
NRP
SILC
SILC
Q4 25
$-3.3M
Q1 25
Q4 24
$17.4M
Q3 24
Q2 24
Q1 24
Q4 23
Q3 23
FCF Margin
NRP
NRP
SILC
SILC
Q4 25
-5.4%
Q1 25
Q4 24
29.9%
Q3 24
Q2 24
Q1 24
Q4 23
Q3 23
Capex Intensity
NRP
NRP
SILC
SILC
Q4 25
1.9%
Q1 25
Q4 24
0.0%
1.6%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Q4 23
0.0%
Q3 23
0.0%
Cash Conversion
NRP
NRP
SILC
SILC
Q4 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×
Q3 23
1.24×

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%

SILC
SILC

Segment breakdown not available.

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