Oil & Gas Exploration & Production
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GRNT vs DMLP
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Exploration & Production
GRNT vs DMLP — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Oil & Gas Exploration & Production | Oil & Gas Exploration & Production |
| Market Cap | $660M | $1.26B |
| Revenue (TTM) | $327M | $169M |
| Net Income (TTM) | $-32M | $69M |
| Gross Margin | 19.6% | 39.0% |
| Operating Margin | 19.4% | 33.6% |
| Forward P/E | 8.5x | 21.7x |
| Total Debt | $368M | $777K |
| Cash & Equiv. | $15M | $42M |
GRNT vs DMLP — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Nov 20 | May 26 | Return |
|---|---|---|---|
| Granite Ridge Resou… (GRNT) | 100 | 51.0 | -49.0% |
| Dorchester Minerals… (DMLP) | 100 | 236.8 | +136.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: GRNT vs DMLP
Each card shows where this stock fits in a portfolio — not just who wins on paper.
GRNT is the clearest fit if your priority is growth exposure.
- Rev growth 18.5%, EPS growth 28.6%, 3Y rev CAGR -3.3%
- 18.5% revenue growth vs DMLP's -5.4%
- Lower P/E (8.5x vs 21.7x)
DMLP carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 0 yrs, beta -0.06, yield 10.6%
- 269.6% 10Y total return vs GRNT's -34.4%
- Lower volatility, beta -0.06, Low D/E 0.3%, current ratio 15.54x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 18.5% revenue growth vs DMLP's -5.4% | |
| Value | Lower P/E (8.5x vs 21.7x) | |
| Quality / Margins | 40.8% margin vs GRNT's -9.9% | |
| Stability / Safety | Lower D/E ratio (0.3% vs 60.7%) | |
| Dividends | 10.6% yield, vs GRNT's 8.8% | |
| Momentum (1Y) | +6.5% vs DMLP's +2.9% | |
| Efficiency (ROA) | 21.7% ROA vs GRNT's -3.8%, ROIC 14.7% vs 7.6% |
GRNT vs DMLP — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
GRNT vs DMLP — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
DMLP leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
GRNT is the larger business by revenue, generating $327M annually — 1.9x DMLP's $169M. DMLP is the more profitable business, keeping 40.8% of every revenue dollar as net income compared to GRNT's -9.9%. On growth, DMLP holds the edge at +36.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $327M | $169M |
| EBITDAEarnings before interest/tax | $231M | $127M |
| Net IncomeAfter-tax profit | -$32M | $69M |
| Free Cash FlowCash after capex | -$109M | $123M |
| Gross MarginGross profit ÷ Revenue | +19.6% | +39.0% |
| Operating MarginEBIT ÷ Revenue | +19.4% | +33.6% |
| Net MarginNet income ÷ Revenue | -9.9% | +40.8% |
| FCF MarginFCF ÷ Revenue | -33.3% | +73.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | -100.0% | +36.4% |
| EPS Growth (YoY)Latest quarter vs prior year | -5.8% | +66.7% |
Valuation Metrics
GRNT leads this category, winning 3 of 4 comparable metrics.
Valuation Metrics
At 21.7x trailing earnings, DMLP trades at a 22% valuation discount to GRNT's 27.8x P/E. On an enterprise value basis, GRNT's 3.3x EV/EBITDA is more attractive than DMLP's 9.8x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $660M | $1.3B |
| Enterprise ValueMkt cap + debt − cash | $1.0B | $1.2B |
| Trailing P/EPrice ÷ TTM EPS | 27.78x | 21.68x |
| Forward P/EPrice ÷ next-FY EPS est. | 8.45x | — |
| PEG RatioP/E ÷ EPS growth rate | — | 1.50x |
| EV / EBITDAEnterprise value multiple | 3.30x | 9.82x |
| Price / SalesMarket cap ÷ Revenue | 1.46x | 8.22x |
| Price / BookPrice ÷ Book value/share | 1.08x | 4.06x |
| Price / FCFMarket cap ÷ FCF | — | 9.48x |
Profitability & Efficiency
DMLP leads this category, winning 7 of 7 comparable metrics.
Profitability & Efficiency
DMLP delivers a 22.1% return on equity — every $100 of shareholder capital generates $22 in annual profit, vs $-5 for GRNT. DMLP carries lower financial leverage with a 0.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to GRNT's 0.61x.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -5.3% | +22.1% |
| ROA (TTM)Return on assets | -3.8% | +21.7% |
| ROICReturn on invested capital | +7.6% | +14.7% |
| ROCEReturn on capital employed | +9.1% | +17.2% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 5 |
| Debt / EquityFinancial leverage | 0.61x | 0.00x |
| Net DebtTotal debt minus cash | $353M | -$41M |
| Cash & Equiv.Liquid assets | $15M | $42M |
| Total DebtShort + long-term debt | $368M | $777,000 |
| Interest CoverageEBIT ÷ Interest expense | 3.93x | — |
Total Returns (Dividends Reinvested)
DMLP leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in DMLP five years ago would be worth $27,578 today (with dividends reinvested), compared to $6,698 for GRNT. Over the past 12 months, GRNT leads with a +6.5% total return vs DMLP's +2.9%. The 3-year compound annual growth rate (CAGR) favors DMLP at 7.2% vs GRNT's 1.7% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +9.2% | +17.2% |
| 1-Year ReturnPast 12 months | +6.5% | +2.9% |
| 3-Year ReturnCumulative with dividends | +5.2% | +23.4% |
| 5-Year ReturnCumulative with dividends | -33.0% | +175.8% |
| 10-Year ReturnCumulative with dividends | -34.4% | +269.6% |
| CAGR (3Y)Annualised 3-year return | +1.7% | +7.2% |
Risk & Volatility
DMLP leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
DMLP is the less volatile stock with a -0.06 beta — it tends to amplify market swings less than GRNT's 0.25 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. DMLP currently trades 89.9% from its 52-week high vs GRNT's 74.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.25x | -0.06x |
| 52-Week HighHighest price in past year | $6.72 | $28.95 |
| 52-Week LowLowest price in past year | $4.18 | $20.85 |
| % of 52W HighCurrent price vs 52-week peak | +74.4% | +89.9% |
| RSI (14)Momentum oscillator 0–100 | 48.0 | 31.4 |
| Avg Volume (50D)Average daily shares traded | 975K | 172K |
Analyst Outlook
Evenly matched — GRNT and DMLP each lead in 1 of 2 comparable metrics.
Analyst Outlook
For income investors, DMLP offers the higher dividend yield at 10.65% vs GRNT's 8.84%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | — |
| Price TargetConsensus 12-month target | $11.00 | — |
| # AnalystsCovering analysts | 3 | — |
| Dividend YieldAnnual dividend ÷ price | +8.8% | +10.6% |
| Dividend StreakConsecutive years of raises | 3 | 0 |
| Dividend / ShareAnnual DPS | $0.44 | $2.77 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.0% | 0.0% |
DMLP leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). GRNT leads in 1 (Valuation Metrics). 1 tied.
GRNT vs DMLP: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is GRNT or DMLP a better buy right now?
For growth investors, Granite Ridge Resources, Inc (GRNT) is the stronger pick with 18.
5% revenue growth year-over-year, versus -5. 4% for Dorchester Minerals, L. P. (DMLP). Dorchester Minerals, L. P. (DMLP) offers the better valuation at 21. 7x trailing P/E, making it the more compelling value choice. Analysts rate Granite Ridge Resources, Inc (GRNT) a "Hold" — based on 3 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — GRNT or DMLP?
On trailing P/E, Dorchester Minerals, L.
P. (DMLP) is the cheapest at 21. 7x versus Granite Ridge Resources, Inc at 27. 8x.
03Which is the better long-term investment — GRNT or DMLP?
Over the past 5 years, Dorchester Minerals, L.
P. (DMLP) delivered a total return of +175. 8%, compared to -33. 0% for Granite Ridge Resources, Inc (GRNT). Over 10 years, the gap is even starker: DMLP returned +269. 6% versus GRNT's -34. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — GRNT or DMLP?
By beta (market sensitivity over 5 years), Dorchester Minerals, L.
P. (DMLP) is the lower-risk stock at -0. 06β versus Granite Ridge Resources, Inc's 0. 25β — meaning GRNT is approximately -533% more volatile than DMLP relative to the S&P 500. On balance sheet safety, Dorchester Minerals, L. P. (DMLP) carries a lower debt/equity ratio of 0% versus 61% for Granite Ridge Resources, Inc — giving it more financial flexibility in a downturn.
05Which is growing faster — GRNT or DMLP?
By revenue growth (latest reported year), Granite Ridge Resources, Inc (GRNT) is pulling ahead at 18.
5% versus -5. 4% for Dorchester Minerals, L. P. (DMLP). On earnings-per-share growth, the picture is similar: Granite Ridge Resources, Inc grew EPS 28. 6% year-over-year, compared to -43. 7% for Dorchester Minerals, L. P.. Over a 3-year CAGR, GRNT leads at -3. 3% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — GRNT or DMLP?
Dorchester Minerals, L.
P. (DMLP) is the more profitable company, earning 37. 5% net margin versus 5. 4% for Granite Ridge Resources, Inc — meaning it keeps 37. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: DMLP leads at 37. 5% versus 20. 2% for GRNT. At the gross margin level — before operating expenses — DMLP leads at 46. 2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Which pays a better dividend — GRNT or DMLP?
All stocks in this comparison pay dividends.
Dorchester Minerals, L. P. (DMLP) offers the highest yield at 10. 6%, versus 8. 8% for Granite Ridge Resources, Inc (GRNT).
08Is GRNT or DMLP better for a retirement portfolio?
For long-horizon retirement investors, Dorchester Minerals, L.
P. (DMLP) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0. 06), 10. 6% yield, +269. 6% 10Y return). Both have compounded well over 10 years (DMLP: +269. 6%, GRNT: -34. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between GRNT and DMLP?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: GRNT is a small-cap high-growth stock; DMLP is a small-cap income-oriented stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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