Dorchester Minerals Lp Financials
Dorchester Minerals Lp (DMLP) reported $152.8M in revenue for fiscal year 2025, down 5.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
This is a cash-heavy, low-liability operation where reported earnings understate cash generation more than the income statement suggests.
From FY2024 to FY2025, operating cash flow held near$132.5M while net income fell to$57.4M . At the same time, depreciation and amortization rose to$66.3M from$42.6M , implying the profit drop came largely from heavier non-cash expense rather than weaker cash extraction from the asset base.
The balance sheet is unusually unleveraged: FY2025 liabilities were just
Asset efficiency has reset lower: ROA fell from
Financial Health Signals
Dorchester Minerals Lp does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Dorchester Minerals Lp passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Dorchester Minerals Lp generates $2.31 in operating cash flow ($132.5M OCF vs $57.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Dorchester Minerals Lp generated $152.8M in revenue in fiscal year 2025. This represents a decrease of 5.4% from the prior year.
Dorchester Minerals Lp reported $57.4M in net income in fiscal year 2025. This represents a decrease of 38.0% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Dorchester Minerals Lp held $41.9M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Dorchester Minerals Lp's net profit margin was 37.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 19.7 percentage points from the prior year.
Dorchester Minerals Lp's ROE was 18.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 6.8 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
DMLP Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $192.2M | $152.8M-5.4% | $161.5M-1.4% | $163.8M-4.1% | $170.8M+82.8% | $93.4M+99.1% | $46.9M-40.4% | $78.8M+7.5% | $73.3M+27.9% | $57.3M+52.5% | $37.6M | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | $11.9M+6.9% | $11.2M+35.8% | $8.2M+58.4% | $5.2M-30.4% | $7.5M+22.6% | $6.1M+23.9% | $4.9M-0.3% | $4.9M-1.2% | $5.0M+0.5% | $5.0M-3.3% | $5.1M+22.4% | $4.2M+10.0% | $3.8M-6.7% | $4.1M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $21.0M+58.3% | $13.2M-70.2% | $44.5M+2.6% | $43.4M+14.2% | $38.0M-9.9% | $42.2M |
| Net Income | $87.4M | $57.4M-38.0% | $92.4M-19.0% | $114.1M-12.6% | $130.6M+86.1% | $70.2M+220.9% | $21.9M-58.6% | $52.8M-2.1% | $53.9M+40.3% | $38.4M+83.3% | $21.0M+58.2% | $13.3M-70.7% | $45.2M+3.8% | $43.6M+14.6% | $38.0M-9.9% | $42.2M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Interest Expense, Income Tax, EPS (Diluted).
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
DMLP Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $309.6M-15.6% | $366.8M+92.0% | $191.1M+8.4% | $176.2M+20.1% | $146.8M+66.2% | $88.3M-24.4% | $116.9M+32.9% | $87.9M-4.5% | $92.0M+37.0% | $67.2M-8.8% | $73.7M-24.4% | $97.5M-13.5% | $112.8M-8.9% | $123.8M-13.3% | $142.8M |
| Current Assets | $58.9M-13.1% | $67.8M-2.7% | $69.7M+11.6% | $62.5M+33.9% | $46.7M+156.1% | $18.2M-35.6% | $28.3M-6.1% | $30.1M+18.8% | $25.4M+71.5% | $14.8M+15.7% | $12.8M-51.7% | $26.5M-6.1% | $28.2M+8.2% | $26.1M-8.4% | $28.5M |
| Cash & Equivalents | $41.9M-1.3% | $42.5M-9.6% | $47.0M+15.4% | $40.8M+44.0% | $28.3M+152.0% | $11.2M-26.8% | $15.3M-16.1% | $18.3M+32.2% | $13.8M+68.4% | $8.2M+15.1% | $7.1M-55.2% | $15.9M+4.9% | $15.2M+10.0% | $13.8M-3.1% | $14.2M |
| Total Liabilities | $4.3M-14.1% | $5.0M-8.8% | $5.5M+16.6% | $4.7M+7.5% | $4.4M+16.8% | $3.8M-17.2% | $4.5M+256.3% | $1.3M-1.9% | $1.3M+373.1% | $275K-50.7% | $558K-43.4% | $985K+2.5% | $961K+79.0% | $537K-18.4% | $658K |
| Current Liabilities | $3.8M-10.7% | $4.2M-4.9% | $4.5M+30.9% | $3.4M+21.7% | $2.8M+49.3% | $1.9M-20.5% | $2.4M+386.0% | $486K-23.7% | $637K+131.6% | $275K-48.6% | $535K-45.7% | $985K+3.7% | $950K+95.1% | $487K-14.3% | $568K |
| Total Equity | $305.2M-15.6% | $361.8M+95.0% | $185.6M+8.2% | $171.5M+20.4% | $142.4M+68.4% | $84.6M-24.7% | $112.3M+29.6% | $86.6M-4.5% | $90.7M+35.6% | $66.9M-8.5% | $73.2M-24.2% | $96.5M-13.7% | $111.8M-9.3% | $123.3M-13.3% | $142.1M |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt, Retained Earnings.
DMLP Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $156.7M | $132.5M-0.1% | $132.6M-5.2% | $139.8M-4.9% | $147.1M+109.2% | $70.3M+78.4% | $39.4M-40.4% | $66.1M+5.7% | $62.5M+42.0% | $44.0M+55.7% | $28.3M+2.1% | $27.7M-52.0% | $57.7M+2.2% | $56.4M0.0% | $56.4M+1.7% | $55.5M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $6K |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $55.5M |
| Investing Cash Flow | N/A | N/A | N/A | $2.3M+9.3% | $2.1M-19.1% | $2.6M-57.9% | $6.1M+232.0% | $1.8M+3175.0% | -$60K+90.3% | -$616K | N/A | $140K | N/A | N/A | N/A | -$6K |
Not reported in any period shown, so not listed: Financing Cash Flow, Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
DMLP Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 55.8% | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 37.5%-19.7pp | 57.2%-12.4pp | 69.7%-6.8pp | 76.5%+1.4pp | 75.1%+28.5pp | 46.6%-20.4pp | 67.0%-6.6pp | 73.6%+6.5pp | 67.1%+11.2pp | 55.8% | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | 18.8%-6.8pp | 25.6%-35.9pp | 61.5%-14.6pp | 76.1%+26.9pp | 49.3%+23.4pp | 25.9%-21.1pp | 47.0%-15.2pp | 62.2%+19.9pp | 42.3%+11.0pp | 31.3%+13.2pp | 18.1%-28.7pp | 46.9%+7.9pp | 39.0%+8.1pp | 30.9%+1.1pp | 29.7% |
| Return on Assets | 18.5%-6.7pp | 25.2%-34.5pp | 59.7%-14.4pp | 74.1%+26.3pp | 47.8%+23.0pp | 24.8%-20.4pp | 45.1%-16.2pp | 61.3%+19.6pp | 41.7%+10.5pp | 31.2%+13.2pp | 18.0%-28.4pp | 46.4%+7.7pp | 38.6%+7.9pp | 30.7%+1.1pp | 29.6% |
| Current Ratio | 15.54-0.4x | 15.97+0.4x | 15.60-2.7x | 18.31+1.7x | 16.65+6.9x | 9.70-2.3x | 11.97-50.0x | 61.97+22.2x | 39.80-14.0x | 53.77+29.9x | 23.89-3.0x | 26.87-2.8x | 29.68-23.8x | 53.53+3.4x | 50.10 |
| Debt-to-Equity | 0.010.0x | 0.010.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.040.0x | 0.040.0x | 0.010.0x | 0.010.0x | 0.000.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.000.0x | 0.00 |
Not reported in any period shown, so not listed: Gross Margin, FCF Margin.
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Where Dorchester Minerals Lp Ranks
Frequently Asked Questions
What is Dorchester Minerals Lp's annual revenue?
Dorchester Minerals Lp (DMLP) reported $152.8M in total revenue for fiscal year 2025. This represents a -5.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Dorchester Minerals Lp's revenue growing?
Dorchester Minerals Lp (DMLP) revenue declined by 5.4% year-over-year, from $161.5M to $152.8M in fiscal year 2025.
Is Dorchester Minerals Lp profitable?
Yes, Dorchester Minerals Lp (DMLP) reported a net income of $57.4M in fiscal year 2025, with a net profit margin of 37.5%.
What is Dorchester Minerals Lp's net profit margin?
Dorchester Minerals Lp (DMLP) had a net profit margin of 37.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Dorchester Minerals Lp's return on equity (ROE)?
Dorchester Minerals Lp (DMLP) has a return on equity of 18.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Dorchester Minerals Lp's operating cash flow?
Dorchester Minerals Lp (DMLP) generated $132.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Dorchester Minerals Lp's total assets?
Dorchester Minerals Lp (DMLP) had $309.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Dorchester Minerals Lp's current ratio?
Dorchester Minerals Lp (DMLP) had a current ratio of 15.54 as of fiscal year 2025, which is generally considered healthy.
What is Dorchester Minerals Lp's debt-to-equity ratio?
Dorchester Minerals Lp (DMLP) had a debt-to-equity ratio of 0.01 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Dorchester Minerals Lp's return on assets (ROA)?
Dorchester Minerals Lp (DMLP) had a return on assets of 18.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Dorchester Minerals Lp's Piotroski F-Score?
Dorchester Minerals Lp (DMLP) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Dorchester Minerals Lp's earnings high quality?
Dorchester Minerals Lp (DMLP) has an earnings quality ratio of 2.31x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.