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DORCHESTER MINERALS, L.P.（DMLP）与REGIS CORP（RGS）财务数据对比。点击上方公司名可切换其他公司
REGIS CORP的季度营收约是DORCHESTER MINERALS, L.P.的1.4倍（$57.1M vs $41.9M），DORCHESTER MINERALS, L.P.净利率更高（38.7% vs 0.8%，领先37.9%），REGIS CORP同比增速更快（22.3% vs 5.4%），过去两年DORCHESTER MINERALS, L.P.的营收复合增速更高（16.2% vs 7.8%）
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。
瑞吉斯公司是一家美国美发沙龙运营商，总部位于明尼苏达州明尼阿波利斯市。截至2021年8月，该集团旗下拥有5563家加盟沙龙以及276家直营门店，是北美地区规模领先的美发沙龙连锁经营企业。
DMLP vs RGS — 直观对比
营收规模更大
RGS
是对方的1.4倍
$41.9M
营收增速更快
RGS
高出16.9%
5.4%
净利率更高
DMLP
高出37.9%
0.8%
两年增速更快
DMLP
近两年复合增速
7.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $41.9M | $57.1M |
| 净利润 | $16.2M | $456.0K |
| 毛利率 | — | — |
| 营业利润率 | — | 10.8% |
| 净利率 | 38.7% | 0.8% |
| 营收同比 | 5.4% | 22.3% |
| 净利润同比 | 13.7% | -94.0% |
| 每股收益（稀释后） | — | $0.16 |
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DMLPRGS
| Q4 25 | $41.9M | $57.1M | ||
| Q3 25 | $35.4M | $59.0M | ||
| Q2 25 | $32.4M | $60.4M | ||
| Q1 25 | $43.2M | $57.0M | ||
| Q4 24 | $39.7M | $46.7M | ||
| Q3 24 | $53.5M | $46.1M | ||
| Q2 24 | $37.4M | $49.4M | ||
| Q1 24 | $31.0M | $49.2M |
净利润DMLPRGS
| Q4 25 | $16.2M | $456.0K | ||
| Q3 25 | $11.2M | $1.4M | ||
| Q2 25 | $12.3M | $116.5M | ||
| Q1 25 | $17.6M | $250.0K | ||
| Q4 24 | $14.2M | $7.6M | ||
| Q3 24 | $36.4M | $-853.0K | ||
| Q2 24 | $23.6M | $91.2M | ||
| Q1 24 | $18.2M | $-2.3M |
营业利润率DMLPRGS
| Q4 25 | — | 10.8% | ||
| Q3 25 | — | 10.0% | ||
| Q2 25 | — | 12.1% | ||
| Q1 25 | — | 8.8% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | — | 4.6% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 8.3% |
净利率DMLPRGS
| Q4 25 | 38.7% | 0.8% | ||
| Q3 25 | 31.5% | 2.3% | ||
| Q2 25 | 38.1% | 192.9% | ||
| Q1 25 | 40.9% | 0.4% | ||
| Q4 24 | 35.9% | 16.4% | ||
| Q3 24 | 68.1% | -1.9% | ||
| Q2 24 | 63.2% | 184.7% | ||
| Q1 24 | 58.6% | -4.7% |
每股收益（稀释后）DMLPRGS
| Q4 25 | — | $0.16 | ||
| Q3 25 | — | $0.49 | ||
| Q2 25 | — | $43.67 | ||
| Q1 25 | — | $0.08 | ||
| Q4 24 | — | $2.71 | ||
| Q3 24 | — | $-0.36 | ||
| Q2 24 | — | $38.40 | ||
| Q1 24 | — | $-1.00 |
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 | $18.4M |
| 总债务越低越好 | — | $113.3M |
| 股东权益账面价值 | — | $188.7M |
| 总资产 | $309.6M | $588.3M |
| 负债/权益比越低杠杆越低 | — | 0.60× |
8季度趋势，按日历期对齐
现金及短期投资DMLPRGS
| Q4 25 | $41.9M | $18.4M | ||
| Q3 25 | $41.6M | $16.6M | ||
| Q2 25 | $36.5M | $17.0M | ||
| Q1 25 | $41.5M | $13.3M | ||
| Q4 24 | $42.5M | $10.2M | ||
| Q3 24 | $56.5M | $6.3M | ||
| Q2 24 | $35.2M | $10.1M | ||
| Q1 24 | $37.7M | $5.9M |
总债务DMLPRGS
| Q4 25 | — | $113.3M | ||
| Q3 25 | — | $111.3M | ||
| Q2 25 | — | $110.8M | ||
| Q1 25 | — | $112.0M | ||
| Q4 24 | — | $111.5M | ||
| Q3 24 | — | $95.2M | ||
| Q2 24 | — | $99.5M | ||
| Q1 24 | — | $179.7M |
股东权益DMLPRGS
| Q4 25 | — | $188.7M | ||
| Q3 25 | — | $187.6M | ||
| Q2 25 | — | $185.6M | ||
| Q1 25 | — | $68.6M | ||
| Q4 24 | — | $66.7M | ||
| Q3 24 | — | $56.4M | ||
| Q2 24 | — | $56.8M | ||
| Q1 24 | — | $-35.8M |
总资产DMLPRGS
| Q4 25 | $309.6M | $588.3M | ||
| Q3 25 | $330.4M | $592.1M | ||
| Q2 25 | $325.6M | $599.0M | ||
| Q1 25 | $349.0M | $511.2M | ||
| Q4 24 | $366.8M | $530.1M | ||
| Q3 24 | $403.4M | $508.9M | ||
| Q2 24 | $176.0M | $530.5M | ||
| Q1 24 | $184.8M | $543.7M |
负债/权益比DMLPRGS
| Q4 25 | — | 0.60× | ||
| Q3 25 | — | 0.59× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | 1.67× | ||
| Q3 24 | — | 1.69× | ||
| Q2 24 | — | 1.75× | ||
| Q1 24 | — | — |
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 | $1.7M |
| 自由现金流经营现金流 - 资本支出 | — | $891.0K |
| 自由现金流率自由现金流/营收 | — | 1.6% |
| 资本支出强度资本支出/营收 | — | 1.4% |
| 现金转化率经营现金流/净利润 | 2.12× | 3.65× |
| 过去12个月自由现金流最近4个季度 | — | $14.9M |
8季度趋势，按日历期对齐
经营现金流DMLPRGS
| Q4 25 | $34.3M | $1.7M | ||
| Q3 25 | $34.3M | $2.3M | ||
| Q2 25 | $30.5M | $6.8M | ||
| Q1 25 | $33.4M | $6.2M | ||
| Q4 24 | $31.5M | $2.1M | ||
| Q3 24 | $43.7M | $-1.3M | ||
| Q2 24 | $29.4M | $5.1M | ||
| Q1 24 | $28.0M | $-277.0K |
自由现金流DMLPRGS
| Q4 25 | — | $891.0K | ||
| Q3 25 | — | $1.9M | ||
| Q2 25 | — | $6.2M | ||
| Q1 25 | — | $5.9M | ||
| Q4 24 | — | $1.7M | ||
| Q3 24 | — | $-1.4M | ||
| Q2 24 | — | $5.1M | ||
| Q1 24 | — | $-326.0K |
自由现金流率DMLPRGS
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | — | 10.3% | ||
| Q1 25 | — | 10.3% | ||
| Q4 24 | — | 3.6% | ||
| Q3 24 | — | -3.0% | ||
| Q2 24 | — | 10.3% | ||
| Q1 24 | — | -0.7% |
资本支出强度DMLPRGS
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.1% |
现金转化率DMLPRGS
| Q4 25 | 2.12× | 3.65× | ||
| Q3 25 | 3.07× | 1.68× | ||
| Q2 25 | 2.47× | 0.06× | ||
| Q1 25 | 1.89× | 24.80× | ||
| Q4 24 | 2.21× | 0.28× | ||
| Q3 24 | 1.20× | — | ||
| Q2 24 | 1.25× | 0.06× | ||
| 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% |
RGS
| Franchise Segment | $37.9M | 66% |
| Royalty | $13.6M | 24% |
| Other | $2.8M | 5% |
| Fees | $1.8M | 3% |
| Franchise Fees | $1.0M | 2% |
