Growth & profitability
- Revenue has grown 26.6% per year over the past 5 years.
- Net income has grown slower than revenue (21.3% vs 26.6% per year).
DMLP Financials DORCHESTER MINERALS, L.P.
15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $153M | $57M | 0.0% | 0.0% | — | — | $42M |
| 2024 | $162M | $92M | 0.0% | 0.0% | — | — | $43M |
| 2023 | $164M | $114M | 0.0% | 0.0% | — | — | $47M |
| 2022 | $171M | $131M | 0.0% | 0.0% | — | — | $41M |
| 2021 | $93M | $70M | 0.0% | 0.0% | — | — | $28M |
| 2020 | $47M | $22M | 0.0% | 0.0% | — | — | $11M |
| 2019 | $79M | $53M | 0.0% | 0.0% | — | — | $15M |
| 2018 | $73M | $54M | 0.0% | 0.0% | — | — | $18M |
| 2017 | $57M | $38M | 0.0% | 0.0% | — | — | $14M |
| 2016 | $38M | $21M | 0.0% | 55.8% | — | — | $8M |
| 2015 | — | $13M | — | — | — | — | $7M |
| 2014 | — | $45M | — | — | — | — | $16M |
| 2013 | — | $44M | — | — | — | — | $15M |
| 2012 | — | $38M | — | — | — | — | $14M |
| 2011 | — | $42M | — | — | $55M | — | $14M |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $59M | $29M | 0.0% | 0.0% | — | — | $28M |
| Dec '25 | $42M | $16M | 0.0% | 0.0% | — | — | $42M |
| Sep '25 | $35M | $11M | 0.0% | 0.0% | — | — | $42M |
| Jun '25 | $32M | $12M | 0.0% | 0.0% | — | — | $37M |
| Mar '25 | $43M | $18M | 0.0% | 0.0% | — | — | $42M |
| Dec '24 | $40M | $14M | 0.0% | 0.0% | — | — | $43M |
| Sep '24 | $53M | $36M | 0.0% | 0.0% | — | — | $56M |
| Jun '24 | $37M | $24M | 0.0% | 0.0% | — | — | $35M |
| Mar '24 | $31M | $18M | 0.0% | 0.0% | — | — | $38M |
| Dec '23 | $50M | $37M | 0.0% | 0.0% | — | — | $47M |
| Sep '23 | $43M | $29M | 0.0% | 0.0% | — | — | $43M |
| Jun '23 | $31M | $20M | 0.0% | 0.0% | — | — | $35M |
| Mar '23 | $40M | $28M | 0.0% | 0.0% | — | — | $45M |
| Dec '22 | $39M | $28M | 0.0% | 0.0% | — | — | $41M |
| Sep '22 | $44M | $34M | 0.0% | 0.0% | — | — | $52M |
| Jun '22 | $47M | $37M | 0.0% | 0.0% | — | — | $43M |
| Mar '22 | $40M | $31M | 0.0% | 0.0% | — | — | $33M |
| Dec '21 | $30M | $24M | 0.0% | 0.0% | — | — | $28M |
| Sep '21 | $24M | $18M | 0.0% | 0.0% | — | — | $22M |
| Jun '21 | $21M | $17M | 0.0% | 0.0% | — | — | $20M |
Valuation over time
How the market has priced DMLP against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has risen from 11.1× (Mar '23) to 21.5× (Jun '26).
- The price-to-sales ratio has fallen from 8.5× (Mar '23) to 8.1× (Jun '26).
P/E
P/S
Frequently asked questions
Is DMLP growing its revenue and profit?
Over the past 5 years, DORCHESTER MINERALS, L.P.'s revenue has grown 26.6% per year, and net income grown 21.3% per year. These are computed facts, not advice.
How much debt does DMLP have?
As of FY2025, DORCHESTER MINERALS, L.P. reported — of total debt against $42M of cash.
What is DMLP's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin 37.5%.
What is DMLP's P/E ratio?
As of Jun '26, DORCHESTER MINERALS, L.P. traded at a price-to-earnings ratio of about 21.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.