vs
Side-by-side financial comparison of NATURAL RESOURCE PARTNERS LP (NRP) and SYPRIS SOLUTIONS INC (SYPR). 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 $30.3M, roughly 1.7× SYPRIS SOLUTIONS INC). NATURAL RESOURCE PARTNERS LP runs the higher net margin — 78.5% vs -12.9%, a 91.4% gap on every dollar of revenue. On growth, SYPRIS SOLUTIONS INC posted the faster year-over-year revenue change (-9.5% vs -21.8%). Over the past eight quarters, SYPRIS SOLUTIONS INC's revenue compounded faster (-7.7% 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.
Sypris Solutions Inc. is a U.S.-headquartered provider of highly engineered components and specialized technical services, primarily serving aerospace, defense, automotive and commercial industrial markets. It delivers custom manufacturing, performance testing, and value-added engineering support for mission-critical systems and parts for global enterprise clients.
NRP vs SYPR — Head-to-Head
Income Statement — Q1 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $51.3M | $30.3M |
| Net Profit | $40.3M | $-3.9M |
| Gross Margin | — | 4.6% |
| Operating Margin | 83.7% | -10.9% |
| Net Margin | 78.5% | -12.9% |
| Revenue YoY | -21.8% | -9.5% |
| Net Profit YoY | -28.4% | -2992.6% |
| EPS (diluted) | — | $-0.17 |
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 | — | $30.3M | ||
| Q3 25 | — | $28.7M | ||
| Q2 25 | — | $31.4M | ||
| Q1 25 | $51.3M | $29.5M | ||
| Q4 24 | $61.8M | $33.4M | ||
| Q3 24 | $50.4M | $35.7M | ||
| Q2 24 | $54.6M | $35.5M | ||
| Q1 24 | $65.6M | $35.6M |
| Q4 25 | — | $-3.9M | ||
| Q3 25 | — | $517.0K | ||
| Q2 25 | — | $-2.1M | ||
| Q1 25 | $40.3M | $-899.0K | ||
| Q4 24 | $42.8M | $135.0K | ||
| Q3 24 | $38.6M | $390.0K | ||
| Q2 24 | $46.1M | $16.0K | ||
| Q1 24 | $56.2M | $-2.2M |
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 7.2% | ||
| Q2 25 | — | 8.2% | ||
| Q1 25 | — | 11.4% | ||
| Q4 24 | — | 16.1% | ||
| Q3 24 | — | 16.8% | ||
| Q2 24 | — | 15.9% | ||
| Q1 24 | — | 8.1% |
| Q4 25 | — | -10.9% | ||
| Q3 25 | — | -6.1% | ||
| Q2 25 | — | -4.6% | ||
| Q1 25 | 83.7% | -0.4% | ||
| Q4 24 | 74.9% | 3.9% | ||
| Q3 24 | 84.9% | 4.8% | ||
| Q2 24 | 92.3% | 3.6% | ||
| Q1 24 | 91.0% | -3.9% |
| Q4 25 | — | -12.9% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | -6.5% | ||
| Q1 25 | 78.5% | -3.0% | ||
| Q4 24 | 69.2% | 0.4% | ||
| Q3 24 | 76.6% | 1.1% | ||
| Q2 24 | 84.4% | 0.0% | ||
| Q1 24 | 85.7% | -6.2% |
| Q4 25 | — | $-0.17 | ||
| Q3 25 | — | $0.02 | ||
| Q2 25 | — | $-0.09 | ||
| Q1 25 | — | $-0.04 | ||
| Q4 24 | — | $0.00 | ||
| Q3 24 | — | $0.02 | ||
| Q2 24 | — | $0.00 | ||
| Q1 24 | — | $-0.10 |
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 | — |
| Total DebtLower is stronger | $138.8M | — |
| Stockholders' EquityBook value | — | $17.8M |
| Total Assets | $772.5M | $107.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $30.9M | — | ||
| Q4 24 | $30.4M | — | ||
| Q3 24 | $30.9M | — | ||
| Q2 24 | $32.3M | — | ||
| Q1 24 | $11.0M | — |
| 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 | — | $17.8M | ||
| Q3 25 | — | $20.0M | ||
| Q2 25 | — | $18.7M | ||
| Q1 25 | — | $19.0M | ||
| Q4 24 | — | $19.6M | ||
| Q3 24 | — | $18.2M | ||
| Q2 24 | — | $19.0M | ||
| Q1 24 | — | $20.8M |
| Q4 25 | — | $107.8M | ||
| Q3 25 | — | $112.5M | ||
| Q2 25 | — | $105.8M | ||
| Q1 25 | $772.5M | $110.2M | ||
| Q4 24 | $772.9M | $119.4M | ||
| Q3 24 | $772.9M | $121.6M | ||
| Q2 24 | $789.6M | $124.2M | ||
| Q1 24 | $772.9M | $129.0M |
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 | $-1.1M |
| Free Cash FlowOCF − Capex | — | $-1.5M |
| FCF MarginFCF / Revenue | — | -5.0% |
| Capex IntensityCapex / Revenue | — | 1.3% |
| Cash ConversionOCF / Net Profit | 0.86× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-6.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-1.1M | ||
| Q3 25 | — | $-178.0K | ||
| Q2 25 | — | $1.1M | ||
| Q1 25 | $34.4M | $-5.5M | ||
| Q4 24 | $66.2M | $2.3M | ||
| Q3 24 | $54.1M | $-4.8M | ||
| Q2 24 | $56.6M | $6.2M | ||
| Q1 24 | $71.5M | $-1.7M |
| Q4 25 | — | $-1.5M | ||
| Q3 25 | — | $-390.0K | ||
| Q2 25 | — | $941.0K | ||
| Q1 25 | — | $-5.5M | ||
| Q4 24 | — | $1.9M | ||
| Q3 24 | — | $-4.9M | ||
| Q2 24 | — | $6.0M | ||
| Q1 24 | — | $-2.0M |
| Q4 25 | — | -5.0% | ||
| Q3 25 | — | -1.4% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | -18.8% | ||
| Q4 24 | — | 5.7% | ||
| Q3 24 | — | -13.8% | ||
| Q2 24 | — | 16.8% | ||
| Q1 24 | — | -5.7% |
| Q4 25 | — | 1.3% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | 0.0% | 1.2% | ||
| Q3 24 | 0.0% | 0.4% | ||
| Q2 24 | 0.0% | 0.5% | ||
| Q1 24 | 0.0% | 0.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | -0.34× | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | 1.55× | 17.13× | ||
| Q3 24 | 1.40× | -12.21× | ||
| Q2 24 | 1.23× | 385.25× | ||
| Q1 24 | 1.27× | — |
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% |
SYPR
| Sypris Electronics | $17.7M | 59% |
| Transferred At Point In Time | $12.5M | 41% |
