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DORCHESTER MINERALS, L.P.（DMLP）与FGI Industries Ltd.（FGI）财务数据对比。点击上方公司名可切换其他公司
DORCHESTER MINERALS, L.P.的季度营收约是FGI Industries Ltd.的1.4倍（$41.9M vs $30.5M），DORCHESTER MINERALS, L.P.净利率更高（38.7% vs -8.6%，领先47.3%），DORCHESTER MINERALS, L.P.同比增速更快（5.4% vs -14.4%），过去两年DORCHESTER MINERALS, L.P.的营收复合增速更高（16.2% vs -0.5%）
多切斯特矿业有限合伙是一家总部位于美国的上市有限合伙企业，主要收购、持有及管理油气相关的特许权权益、净利润权益、矿产产权等多元化资产组合，资产覆盖美国多个核心陆上油气产区，为合伙份额持有人提供稳定的现金流回报。
FGI Industries Ltd是一家全球厨卫产品、家居收纳解决方案及家装用品的设计、制造与分销商，服务覆盖北美、欧洲及亚太地区的大型连锁零售商、家居专营店和电商平台。
DMLP vs FGI — 直观对比
营收规模更大
DMLP
是对方的1.4倍
$30.5M
营收增速更快
DMLP
高出19.8%
-14.4%
净利率更高
DMLP
高出47.3%
-8.6%
两年增速更快
DMLP
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $41.9M | $30.5M |
| 净利润 | $16.2M | $-2.6M |
| 毛利率 | — | 26.7% |
| 营业利润率 | — | -2.2% |
| 净利率 | 38.7% | -8.6% |
| 营收同比 | 5.4% | -14.4% |
| 净利润同比 | 13.7% | -553.1% |
| 每股收益（稀释后） | — | $-1.63 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收DMLPFGI
| Q4 25 | $41.9M | $30.5M | ||
| Q3 25 | $35.4M | $35.8M | ||
| Q2 25 | $32.4M | $31.0M | ||
| Q1 25 | $43.2M | $33.2M | ||
| Q4 24 | $39.7M | $35.6M | ||
| Q3 24 | $53.5M | $36.1M | ||
| Q2 24 | $37.4M | $29.4M | ||
| Q1 24 | $31.0M | $30.8M |
净利润DMLPFGI
| Q4 25 | $16.2M | $-2.6M | ||
| Q3 25 | $11.2M | $-1.7M | ||
| Q2 25 | $12.3M | $-1.2M | ||
| Q1 25 | $17.6M | $-629.1K | ||
| Q4 24 | $14.2M | $-402.3K | ||
| Q3 24 | $36.4M | $-550.1K | ||
| Q2 24 | $23.6M | $163.6K | ||
| Q1 24 | $18.2M | $-412.2K |
毛利率DMLPFGI
| Q4 25 | — | 26.7% | ||
| Q3 25 | — | 26.5% | ||
| Q2 25 | — | 28.1% | ||
| Q1 25 | — | 26.8% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 25.8% | ||
| Q2 24 | — | 30.5% | ||
| Q1 24 | — | 27.4% |
营业利润率DMLPFGI
| Q4 25 | — | -2.2% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | -2.7% | ||
| Q1 25 | — | -3.9% | ||
| Q4 24 | — | -3.5% | ||
| Q3 24 | — | -0.2% | ||
| Q2 24 | — | -1.5% | ||
| Q1 24 | — | -1.0% |
净利率DMLPFGI
| Q4 25 | 38.7% | -8.6% | ||
| Q3 25 | 31.5% | -4.6% | ||
| Q2 25 | 38.1% | -4.0% | ||
| Q1 25 | 40.9% | -1.9% | ||
| Q4 24 | 35.9% | -1.1% | ||
| Q3 24 | 68.1% | -1.5% | ||
| Q2 24 | 63.2% | 0.6% | ||
| Q1 24 | 58.6% | -1.3% |
每股收益（稀释后）DMLPFGI
| Q4 25 | — | $-1.63 | ||
| Q3 25 | — | $-0.86 | ||
| Q2 25 | — | $-0.64 | ||
| Q1 25 | — | $-0.07 | ||
| Q4 24 | — | $-0.38 | ||
| Q3 24 | — | $-0.29 | ||
| Q2 24 | — | $0.08 | ||
| Q1 24 | — | $-0.04 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $41.9M | $1.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $17.3M |
| 总资产 | $309.6M | $69.5M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资DMLPFGI
| Q4 25 | $41.9M | $1.9M | ||
| Q3 25 | $41.6M | $1.9M | ||
| Q2 25 | $36.5M | $2.5M | ||
| Q1 25 | $41.5M | $1.2M | ||
| Q4 24 | $42.5M | $4.6M | ||
| Q3 24 | $56.5M | $3.0M | ||
| Q2 24 | $35.2M | $1.3M | ||
| Q1 24 | $37.7M | $3.3M |
股东权益DMLPFGI
| Q4 25 | — | $17.3M | ||
| Q3 25 | — | $19.7M | ||
| Q2 25 | — | $21.3M | ||
| Q1 25 | — | $21.8M | ||
| Q4 24 | — | $22.3M | ||
| Q3 24 | — | $23.5M | ||
| Q2 24 | — | $23.8M | ||
| Q1 24 | — | $23.9M |
总资产DMLPFGI
| Q4 25 | $309.6M | $69.5M | ||
| Q3 25 | $330.4M | $73.0M | ||
| Q2 25 | $325.6M | $71.7M | ||
| Q1 25 | $349.0M | $68.5M | ||
| Q4 24 | $366.8M | $75.5M | ||
| Q3 24 | $403.4M | $74.7M | ||
| Q2 24 | $176.0M | $69.9M | ||
| Q1 24 | $184.8M | $68.6M |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $34.3M | $2.3M |
| 自由现金流经营现金流 - 资本支出 | — | $2.3M |
| 自由现金流率自由现金流/营收 | — | 7.5% |
| 资本支出强度资本支出/营收 | — | 0.2% |
| 现金转化率经营现金流/净利润 | 2.12× | — |
| 过去12个月自由现金流最近4个季度 | — | $-212.5K |
8季度趋势，按日历期对齐
经营现金流DMLPFGI
| Q4 25 | $34.3M | $2.3M | ||
| Q3 25 | $34.3M | $-1.9M | ||
| Q2 25 | $30.5M | $7.6M | ||
| Q1 25 | $33.4M | $-7.4M | ||
| Q4 24 | $31.5M | $617.4K | ||
| Q3 24 | $43.7M | $-915.0K | ||
| Q2 24 | $29.4M | $862.1K | ||
| Q1 24 | $28.0M | $-8.0M |
自由现金流DMLPFGI
| Q4 25 | — | $2.3M | ||
| Q3 25 | — | $-2.1M | ||
| Q2 25 | — | $7.4M | ||
| Q1 25 | — | $-7.7M | ||
| Q4 24 | — | $-214.1K | ||
| Q3 24 | — | $-1.1M | ||
| Q2 24 | — | $281.5K | ||
| Q1 24 | — | $-8.6M |
自由现金流率DMLPFGI
| Q4 25 | — | 7.5% | ||
| Q3 25 | — | -5.9% | ||
| Q2 25 | — | 23.8% | ||
| Q1 25 | — | -23.3% | ||
| Q4 24 | — | -0.6% | ||
| Q3 24 | — | -3.0% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | -28.0% |
资本支出强度DMLPFGI
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 2.0% | ||
| Q1 24 | — | 2.0% |
现金转化率DMLPFGI
| Q4 25 | 2.12× | — | ||
| Q3 25 | 3.07× | — | ||
| Q2 25 | 2.47× | — | ||
| Q1 25 | 1.89× | — | ||
| Q4 24 | 2.21× | — | ||
| Q3 24 | 1.20× | — | ||
| Q2 24 | 1.25× | 5.27× | ||
| Q1 24 | 1.54× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
DMLP
| Royalties | $34.0M | 81% |
| Other | $7.8M | 19% |
FGI
| Sanitaryware | $19.1M | 63% |
| Shower System | $5.8M | 19% |
| Kitchen And Bath Other | $3.3M | 11% |
| Bath Furniture Products | $2.3M | 7% |
