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DORCHESTER MINERALS, L.P.（DMLP）与Rumble Inc.（RUM）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Rumble Inc.的1.5倍（$41.9M vs $27.1M），DORCHESTER MINERALS, L.P.净利率更高（38.7% vs -120.8%，领先159.5%），DORCHESTER MINERALS, L.P.同比增速更快（5.4% vs -10.5%），过去两年DORCHESTER MINERALS, L.P.的营收复合增速更高（16.2% vs 15.2%）
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。
Rumble Inc.是一家加美跨国企业，主营在线视频平台、网络托管及云服务，总部位于加拿大多伦多，美国总部设在佛罗里达州朗博特基。公司由加拿大科技创业者克里斯·帕夫洛夫斯基于2013年创立，云服务板块为Truth Social提供托管支持，其视频平台在美国保守派及极右翼用户群体中广受欢迎，属于“另类科技”阵营。
DMLP vs RUM — 直观对比
营收规模更大
DMLP
是对方的1.5倍
$27.1M
营收增速更快
DMLP
高出15.9%
-10.5%
净利率更高
DMLP
高出159.5%
-120.8%
两年增速更快
DMLP
近两年复合增速
15.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $41.9M | $27.1M |
| 净利润 | $16.2M | $-32.7M |
| 毛利率 | — | 5.5% |
| 营业利润率 | — | -131.1% |
| 净利率 | 38.7% | -120.8% |
| 营收同比 | 5.4% | -10.5% |
| 净利润同比 | 13.7% | 86.2% |
| 每股收益（稀释后） | — | $-0.13 |
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DMLPRUM
| Q4 25 | $41.9M | $27.1M | ||
| Q3 25 | $35.4M | $24.8M | ||
| Q2 25 | $32.4M | — | ||
| Q1 25 | $43.2M | $23.7M | ||
| Q4 24 | $39.7M | $30.2M | ||
| Q3 24 | $53.5M | $25.1M | ||
| Q2 24 | $37.4M | $22.5M | ||
| Q1 24 | $31.0M | $17.7M |
净利润DMLPRUM
| Q4 25 | $16.2M | $-32.7M | ||
| Q3 25 | $11.2M | $-16.3M | ||
| Q2 25 | $12.3M | — | ||
| Q1 25 | $17.6M | $-2.7M | ||
| Q4 24 | $14.2M | $-236.8M | ||
| Q3 24 | $36.4M | $-31.5M | ||
| Q2 24 | $23.6M | $-26.8M | ||
| Q1 24 | $18.2M | $-43.3M |
毛利率DMLPRUM
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | -1.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -26.7% | ||
| Q4 24 | — | -14.2% | ||
| Q3 24 | — | -45.4% | ||
| Q2 24 | — | -58.8% | ||
| Q1 24 | — | -79.5% |
营业利润率DMLPRUM
| Q4 25 | — | -131.1% | ||
| Q3 25 | — | -113.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -153.5% | ||
| Q4 24 | — | -80.1% | ||
| Q3 24 | — | -131.0% | ||
| Q2 24 | — | -172.7% | ||
| Q1 24 | — | -197.4% |
净利率DMLPRUM
| Q4 25 | 38.7% | -120.8% | ||
| Q3 25 | 31.5% | -65.7% | ||
| Q2 25 | 38.1% | — | ||
| Q1 25 | 40.9% | -11.2% | ||
| Q4 24 | 35.9% | -783.2% | ||
| Q3 24 | 68.1% | -125.9% | ||
| Q2 24 | 63.2% | -119.2% | ||
| Q1 24 | 58.6% | -244.1% |
每股收益（稀释后）DMLPRUM
| Q4 25 | — | $-0.13 | ||
| Q3 25 | — | $-0.06 | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-0.01 | ||
| Q4 24 | — | $-1.17 | ||
| Q3 24 | — | $-0.15 | ||
| Q2 24 | — | $-0.13 | ||
| Q1 24 | — | $-0.21 |
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 | $237.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $274.8M |
| 总资产 | $309.6M | $336.8M |
| 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DMLPRUM
| Q4 25 | $41.9M | $237.9M | ||
| Q3 25 | $41.6M | $269.8M | ||
| Q2 25 | $36.5M | — | ||
| Q1 25 | $41.5M | $301.3M | ||
| Q4 24 | $42.5M | $114.0M | ||
| Q3 24 | $56.5M | $132.0M | ||
| Q2 24 | $35.2M | $154.2M | ||
| Q1 24 | $37.7M | $183.8M |
股东权益DMLPRUM
| Q4 25 | — | $274.8M | ||
| Q3 25 | — | $302.2M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $339.6M | ||
| Q4 24 | — | $-63.1M | ||
| Q3 24 | — | $166.1M | ||
| Q2 24 | — | $192.7M | ||
| Q1 24 | — | $210.7M |
总资产DMLPRUM
| Q4 25 | $309.6M | $336.8M | ||
| Q3 25 | $330.4M | $367.2M | ||
| Q2 25 | $325.6M | — | ||
| Q1 25 | $349.0M | $391.1M | ||
| Q4 24 | $366.8M | $195.3M | ||
| Q3 24 | $403.4M | $217.2M | ||
| Q2 24 | $176.0M | $243.2M | ||
| Q1 24 | $184.8M | $263.0M |
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 | $-29.4M |
| 自由现金流经营现金流 - 资本支出 | — | $-31.7M |
| 自由现金流率自由现金流/营收 | — | -117.2% |
| 资本支出强度资本支出/营收 | — | 8.5% |
| 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 | — | $-70.8M |
8季度趋势，按日历期对齐
经营现金流DMLPRUM
| Q4 25 | $34.3M | $-29.4M | ||
| Q3 25 | $34.3M | $-10.6M | ||
| Q2 25 | $30.5M | — | ||
| Q1 25 | $33.4M | $-14.5M | ||
| Q4 24 | $31.5M | $-12.4M | ||
| Q3 24 | $43.7M | $-19.1M | ||
| Q2 24 | $29.4M | $-21.7M | ||
| Q1 24 | $28.0M | $-33.9M |
自由现金流DMLPRUM
| Q4 25 | — | $-31.7M | ||
| Q3 25 | — | $-12.0M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-14.6M | ||
| Q4 24 | — | $-12.4M | ||
| Q3 24 | — | $-19.9M | ||
| Q2 24 | — | $-23.1M | ||
| Q1 24 | — | $-34.3M |
自由现金流率DMLPRUM
| Q4 25 | — | -117.2% | ||
| Q3 25 | — | -48.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -61.7% | ||
| Q4 24 | — | -40.9% | ||
| Q3 24 | — | -79.5% | ||
| Q2 24 | — | -102.8% | ||
| Q1 24 | — | -193.3% |
资本支出强度DMLPRUM
| Q4 25 | — | 8.5% | ||
| Q3 25 | — | 5.7% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 3.4% | ||
| Q2 24 | — | 6.1% | ||
| Q1 24 | — | 2.4% |
现金转化率DMLPRUM
| 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× | — | ||
| 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% |
RUM
| Audience Monetization | $23.8M | 88% |
| Other Initiatives | $3.3M | 12% |
