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Side-by-side financial comparison of NATURAL RESOURCE PARTNERS LP (NRP) and Viridian Therapeutics, Inc.\DE (VRDN). Click either name above to swap in a different company.
Viridian Therapeutics, Inc.\DE is the larger business by last-quarter revenue ($70.6M vs $51.3M, roughly 1.4× NATURAL RESOURCE PARTNERS LP). NATURAL RESOURCE PARTNERS LP runs the higher net margin — 78.5% vs -49.0%, a 127.6% gap on every dollar of revenue. On growth, Viridian Therapeutics, Inc.\DE posted the faster year-over-year revenue change (81958.1% 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.
Viridian Therapeutics is a clinical-stage biotechnology firm developing novel disease-modifying therapies for rare, serious autoimmune and inflammatory diseases. Its lead pipeline candidate targets thyroid eye disease, a debilitating orbital disorder, with primary market focus on North America and Europe.
NRP vs VRDN — Head-to-Head
Income Statement — Q1 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $51.3M | $70.6M |
| Net Profit | $40.3M | $-34.6M |
| Gross Margin | — | — |
| Operating Margin | 83.7% | -56.7% |
| Net Margin | 78.5% | -49.0% |
| Revenue YoY | -21.8% | 81958.1% |
| Net Profit YoY | -28.4% | 54.9% |
| EPS (diluted) | — | — |
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.
| Q3 25 | — | $70.6M | ||
| Q1 25 | $51.3M | — | ||
| Q4 24 | $61.8M | — | ||
| Q3 24 | $50.4M | — | ||
| Q2 24 | $54.6M | — | ||
| Q1 24 | $65.6M | — | ||
| Q4 23 | $72.9M | — | ||
| Q3 23 | $68.5M | — |
| Q3 25 | — | $-34.6M | ||
| Q1 25 | $40.3M | — | ||
| Q4 24 | $42.8M | — | ||
| Q3 24 | $38.6M | — | ||
| Q2 24 | $46.1M | — | ||
| Q1 24 | $56.2M | — | ||
| Q4 23 | $65.0M | — | ||
| Q3 23 | $63.8M | — |
| Q3 25 | — | -56.7% | ||
| Q1 25 | 83.7% | — | ||
| Q4 24 | 74.9% | — | ||
| Q3 24 | 84.9% | — | ||
| Q2 24 | 92.3% | — | ||
| Q1 24 | 91.0% | — | ||
| Q4 23 | 94.5% | — | ||
| Q3 23 | 98.8% | — |
| Q3 25 | — | -49.0% | ||
| Q1 25 | 78.5% | — | ||
| Q4 24 | 69.2% | — | ||
| Q3 24 | 76.6% | — | ||
| Q2 24 | 84.4% | — | ||
| Q1 24 | 85.7% | — | ||
| Q4 23 | 89.1% | — | ||
| Q3 23 | 93.2% | — |
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 | $490.9M |
| Total DebtLower is stronger | $138.8M | — |
| Stockholders' EquityBook value | — | $503.0M |
| Total Assets | $772.5M | $577.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $490.9M | ||
| Q1 25 | $30.9M | — | ||
| Q4 24 | $30.4M | — | ||
| Q3 24 | $30.9M | — | ||
| Q2 24 | $32.3M | — | ||
| Q1 24 | $11.0M | — | ||
| Q4 23 | $12.0M | — | ||
| Q3 23 | $18.4M | — |
| 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 | — | ||
| Q3 23 | $207.5M | — |
| Q3 25 | — | $503.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | — |
| Q3 25 | — | $577.1M | ||
| Q1 25 | $772.5M | — | ||
| Q4 24 | $772.9M | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $34.4M | $-84.6M |
| Free Cash FlowOCF − Capex | — | $-84.7M |
| FCF MarginFCF / Revenue | — | -120.1% |
| Capex IntensityCapex / Revenue | — | 0.2% |
| Cash ConversionOCF / Net Profit | 0.86× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $-84.6M | ||
| Q1 25 | $34.4M | — | ||
| Q4 24 | $66.2M | — | ||
| Q3 24 | $54.1M | — | ||
| Q2 24 | $56.6M | — | ||
| Q1 24 | $71.5M | — | ||
| Q4 23 | $77.8M | — | ||
| Q3 23 | $78.9M | — |
| Q3 25 | — | $-84.7M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | — |
| Q3 25 | — | -120.1% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | — |
| Q3 25 | — | 0.2% | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.0% | — | ||
| Q4 23 | 0.0% | — | ||
| Q3 23 | 0.0% | — |
| 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× | — | ||
| Q3 23 | 1.24× | — |
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% |
VRDN
Segment breakdown not available.
