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Side-by-side financial comparison of NATURAL RESOURCE PARTNERS LP (NRP) and S&T BANCORP INC (STBA). Click either name above to swap in a different company.

S&T BANCORP INC is the larger business by last-quarter revenue ($102.1M vs $51.3M, roughly 2.0× NATURAL RESOURCE PARTNERS LP). NATURAL RESOURCE PARTNERS LP runs the higher net margin — 78.5% vs 34.4%, a 44.2% gap on every dollar of revenue. Over the past eight quarters, S&T BANCORP INC's revenue compounded faster (2.6% 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.

U.S. Bancorp is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 5th-largest bank in the United States as of 2025. As the largest bank in the Midwestern United States, it is considered systemically important by the Financial Stability Board. It is the parent company of its primary operating entity, U.S. Bank National Association, which does business as U.S. Bank. The company provides banking, investment, mortgage, tr...

NRP vs STBA — Head-to-Head

Bigger by revenue
STBA
STBA
2.0× larger
STBA
$102.1M
$51.3M
NRP
Higher net margin
NRP
NRP
44.2% more per $
NRP
78.5%
34.4%
STBA
Faster 2-yr revenue CAGR
STBA
STBA
Annualised
STBA
2.6%
-8.3%
NRP

Income Statement — Q1 FY2025 vs Q1 FY2026

Metric
NRP
NRP
STBA
STBA
Revenue
$51.3M
$102.1M
Net Profit
$40.3M
$35.1M
Gross Margin
Operating Margin
83.7%
Net Margin
78.5%
34.4%
Revenue YoY
-21.8%
Net Profit YoY
-28.4%
5.0%
EPS (diluted)
$0.94

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
STBA
STBA
Q1 26
$102.1M
Q4 25
$105.3M
Q3 25
$103.0M
Q2 25
$100.1M
Q1 25
$51.3M
$93.8M
Q4 24
$61.8M
$94.3M
Q3 24
$50.4M
$96.4M
Q2 24
$54.6M
$96.9M
Net Profit
NRP
NRP
STBA
STBA
Q1 26
$35.1M
Q4 25
$34.0M
Q3 25
$35.0M
Q2 25
$31.9M
Q1 25
$40.3M
$33.4M
Q4 24
$42.8M
$33.1M
Q3 24
$38.6M
$32.6M
Q2 24
$46.1M
$34.4M
Operating Margin
NRP
NRP
STBA
STBA
Q1 26
Q4 25
40.3%
Q3 25
42.6%
Q2 25
40.0%
Q1 25
83.7%
44.5%
Q4 24
74.9%
43.8%
Q3 24
84.9%
43.0%
Q2 24
92.3%
44.2%
Net Margin
NRP
NRP
STBA
STBA
Q1 26
34.4%
Q4 25
32.3%
Q3 25
33.9%
Q2 25
31.9%
Q1 25
78.5%
35.6%
Q4 24
69.2%
35.1%
Q3 24
76.6%
33.8%
Q2 24
84.4%
35.5%
EPS (diluted)
NRP
NRP
STBA
STBA
Q1 26
$0.94
Q4 25
$0.88
Q3 25
$0.91
Q2 25
$0.83
Q1 25
$0.87
Q4 24
$0.86
Q3 24
$0.85
Q2 24
$0.89

Balance Sheet & Financial Strength

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

Metric
NRP
NRP
STBA
STBA
Cash + ST InvestmentsLiquidity on hand
$30.9M
Total DebtLower is stronger
$138.8M
$100.8M
Stockholders' EquityBook value
$1.4B
Total Assets
$772.5M
$9.9B
Debt / EquityLower = less leverage
0.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NRP
NRP
STBA
STBA
Q1 26
Q4 25
$163.4M
Q3 25
$196.2M
Q2 25
$203.1M
Q1 25
$30.9M
$211.8M
Q4 24
$30.4M
$244.8M
Q3 24
$30.9M
$228.1M
Q2 24
$32.3M
$246.3M
Total Debt
NRP
NRP
STBA
STBA
Q1 26
$100.8M
Q4 25
Q3 25
Q2 25
Q1 25
$138.8M
Q4 24
$142.1M
Q3 24
$197.4M
Q2 24
$210.3M
Stockholders' Equity
NRP
NRP
STBA
STBA
Q1 26
$1.4B
Q4 25
$1.5B
Q3 25
$1.5B
Q2 25
$1.4B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.4B
Q2 24
$1.3B
Total Assets
NRP
NRP
STBA
STBA
Q1 26
$9.9B
Q4 25
$9.9B
Q3 25
$9.8B
Q2 25
$9.8B
Q1 25
$772.5M
$9.7B
Q4 24
$772.9M
$9.7B
Q3 24
$772.9M
$9.6B
Q2 24
$789.6M
$9.6B
Debt / Equity
NRP
NRP
STBA
STBA
Q1 26
0.07×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 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
STBA
STBA
Operating Cash FlowLast quarter
$34.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
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
STBA
STBA
Q1 26
Q4 25
$133.6M
Q3 25
$40.5M
Q2 25
$28.3M
Q1 25
$34.4M
$28.7M
Q4 24
$66.2M
$173.4M
Q3 24
$54.1M
$27.6M
Q2 24
$56.6M
$44.7M
Free Cash Flow
NRP
NRP
STBA
STBA
Q1 26
Q4 25
$128.8M
Q3 25
$39.9M
Q2 25
$27.1M
Q1 25
$27.0M
Q4 24
$170.4M
Q3 24
$26.9M
Q2 24
$43.9M
FCF Margin
NRP
NRP
STBA
STBA
Q1 26
Q4 25
122.4%
Q3 25
38.7%
Q2 25
27.1%
Q1 25
28.8%
Q4 24
180.7%
Q3 24
28.0%
Q2 24
45.3%
Capex Intensity
NRP
NRP
STBA
STBA
Q1 26
Q4 25
4.5%
Q3 25
0.6%
Q2 25
1.2%
Q1 25
1.8%
Q4 24
0.0%
3.1%
Q3 24
0.0%
0.7%
Q2 24
0.0%
0.9%
Cash Conversion
NRP
NRP
STBA
STBA
Q1 26
Q4 25
3.93×
Q3 25
1.16×
Q2 25
0.89×
Q1 25
0.86×
0.86×
Q4 24
1.55×
5.24×
Q3 24
1.40×
0.85×
Q2 24
1.23×
1.30×

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%

STBA
STBA

Net Interest Income$88.4M87%
Noninterest Income$13.6M13%

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