Oil & Gas Equipment & Services
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LB vs DMLP
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Exploration & Production
LB vs DMLP — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Oil & Gas Equipment & Services | Oil & Gas Exploration & Production |
| Market Cap | $4.93B | $1.26B |
| Revenue (TTM) | $206M | $169M |
| Net Income (TTM) | $41M | $69M |
| Gross Margin | 69.1% | 39.0% |
| Operating Margin | 32.4% | 33.6% |
| Forward P/E | 45.7x | 21.7x |
| Total Debt | $692K | $777K |
| Cash & Equiv. | $31M | $42M |
LB vs DMLP — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Jun 24 | May 26 | Return |
|---|---|---|---|
| LandBridge Company … (LB) | 100 | 276.3 | +176.3% |
| Dorchester Minerals… (DMLP) | 100 | 84.5 | -15.5% |
Price return only. Dividends and distributions are not included.
Quick Verdict: LB vs DMLP
Each card shows where this stock fits in a portfolio — not just who wins on paper.
LB is the clearest fit if your priority is growth exposure.
- Rev growth 81.1%, EPS growth 14.0%, 3Y rev CAGR 56.7%
- 81.1% revenue growth vs DMLP's -5.4%
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 0.04, yield 10.6%
- 270.1% 10Y total return vs LB's 179.0%
- Lower volatility, beta 0.04, Low D/E 0.3%, current ratio 15.54x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 81.1% revenue growth vs DMLP's -5.4% | |
| Value | Lower P/E (21.7x vs 45.7x) | |
| Quality / Margins | 40.8% margin vs LB's 20.0% | |
| Stability / Safety | Beta 0.04 vs LB's 1.00 | |
| Dividends | 10.6% yield, vs LB's 3.6% | |
| Momentum (1Y) | +5.3% vs LB's -17.4% | |
| Efficiency (ROA) | 21.7% ROA vs LB's 3.4%, ROIC 14.7% vs 10.4% |
LB vs DMLP — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
LB 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 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
LB and DMLP operate at a comparable scale, with $206M and $169M in trailing revenue. DMLP is the more profitable business, keeping 40.8% of every revenue dollar as net income compared to LB's 20.0%. On growth, DMLP holds the edge at +36.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $206M | $169M |
| EBITDAEarnings before interest/tax | $80M | $127M |
| Net IncomeAfter-tax profit | $41M | $69M |
| Free Cash FlowCash after capex | $166M | $123M |
| Gross MarginGross profit ÷ Revenue | +69.1% | +39.0% |
| Operating MarginEBIT ÷ Revenue | +32.4% | +33.6% |
| Net MarginNet income ÷ Revenue | +20.0% | +40.8% |
| FCF MarginFCF ÷ Revenue | +80.5% | +73.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | +16.0% | +36.4% |
| EPS Growth (YoY)Latest quarter vs prior year | -100.0% | +66.7% |
Valuation Metrics
DMLP leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
At 21.7x trailing earnings, DMLP trades at a 63% valuation discount to LB's 59.2x P/E. On an enterprise value basis, DMLP's 9.8x EV/EBITDA is more attractive than LB's 37.7x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $4.9B | $1.3B |
| Enterprise ValueMkt cap + debt − cash | $4.9B | $1.2B |
| Trailing P/EPrice ÷ TTM EPS | 59.23x | 21.73x |
| Forward P/EPrice ÷ next-FY EPS est. | 45.71x | — |
| PEG RatioP/E ÷ EPS growth rate | — | 1.50x |
| EV / EBITDAEnterprise value multiple | 37.71x | 9.84x |
| Price / SalesMarket cap ÷ Revenue | 24.77x | 8.23x |
| Price / BookPrice ÷ Book value/share | 2.24x | 4.07x |
| Price / FCFMarket cap ÷ FCF | 40.41x | 9.50x |
Profitability & Efficiency
DMLP leads this category, winning 5 of 8 comparable metrics.
Profitability & Efficiency
DMLP delivers a 22.1% return on equity — every $100 of shareholder capital generates $22 in annual profit, vs $6 for LB. LB carries lower financial leverage with a 0.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to DMLP's 0.00x. On the Piotroski fundamental quality scale (0–9), LB scores 9/9 vs DMLP's 5/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +5.5% | +22.1% |
| ROA (TTM)Return on assets | +3.4% | +21.7% |
| ROICReturn on invested capital | +10.4% | +14.7% |
| ROCEReturn on capital employed | +10.1% | +17.2% |
| Piotroski ScoreFundamental quality 0–9 | 9 | 5 |
| Debt / EquityFinancial leverage | 0.00x | 0.00x |
| Net DebtTotal debt minus cash | -$30M | -$41M |
| Cash & Equiv.Liquid assets | $31M | $42M |
| Total DebtShort + long-term debt | $692,000 | $777,000 |
| Interest CoverageEBIT ÷ Interest expense | 2.90x | — |
Total Returns (Dividends Reinvested)
LB leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in LB five years ago would be worth $27,901 today (with dividends reinvested), compared to $27,512 for DMLP. Over the past 12 months, DMLP leads with a +5.3% total return vs LB's -17.4%. The 3-year compound annual growth rate (CAGR) favors LB at 40.8% vs DMLP's 7.3% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +32.3% | +17.5% |
| 1-Year ReturnPast 12 months | -17.4% | +5.3% |
| 3-Year ReturnCumulative with dividends | +179.0% | +23.6% |
| 5-Year ReturnCumulative with dividends | +179.0% | +175.1% |
| 10-Year ReturnCumulative with dividends | +179.0% | +270.1% |
| CAGR (3Y)Annualised 3-year return | +40.8% | +7.3% |
Risk & Volatility
DMLP leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
DMLP is the less volatile stock with a 0.04 beta — it tends to amplify market swings less than LB's 1.00 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. DMLP currently trades 90.1% from its 52-week high vs LB's 73.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.00x | 0.04x |
| 52-Week HighHighest price in past year | $87.60 | $28.95 |
| 52-Week LowLowest price in past year | $43.75 | $20.85 |
| % of 52W HighCurrent price vs 52-week peak | +73.0% | +90.1% |
| RSI (14)Momentum oscillator 0–100 | 45.0 | 31.5 |
| Avg Volume (50D)Average daily shares traded | 390K | 173K |
Analyst Outlook
DMLP leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
For income investors, DMLP offers the higher dividend yield at 10.62% vs LB's 3.58%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | — |
| Price TargetConsensus 12-month target | $73.33 | — |
| # AnalystsCovering analysts | 52 | — |
| Dividend YieldAnnual dividend ÷ price | +3.6% | +10.6% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | $2.29 | $2.77 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
DMLP leads in 5 of 6 categories (Income & Cash Flow, Valuation Metrics). LB leads in 1 (Total Returns).
LB vs DMLP: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is LB or DMLP a better buy right now?
For growth investors, LandBridge Company LLC (LB) is the stronger pick with 81.
1% 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 LandBridge Company LLC (LB) a "Buy" — based on 52 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 — LB or DMLP?
On trailing P/E, Dorchester Minerals, L.
P. (DMLP) is the cheapest at 21. 7x versus LandBridge Company LLC at 59. 2x.
03Which is the better long-term investment — LB or DMLP?
Over the past 5 years, LandBridge Company LLC (LB) delivered a total return of +179.
0%, compared to +175. 1% for Dorchester Minerals, L. P. (DMLP). Over 10 years, the gap is even starker: DMLP returned +270. 1% versus LB's +179. 0%. 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 — LB or DMLP?
By beta (market sensitivity over 5 years), Dorchester Minerals, L.
P. (DMLP) is the lower-risk stock at 0. 04β versus LandBridge Company LLC's 1. 00β — meaning LB is approximately 2395% more volatile than DMLP relative to the S&P 500. On balance sheet safety, LandBridge Company LLC (LB) carries a lower debt/equity ratio of 0% versus 0% for Dorchester Minerals, L. P. — giving it more financial flexibility in a downturn.
05Which is growing faster — LB or DMLP?
By revenue growth (latest reported year), LandBridge Company LLC (LB) is pulling ahead at 81.
1% versus -5. 4% for Dorchester Minerals, L. P. (DMLP). On earnings-per-share growth, the picture is similar: LandBridge Company LLC grew EPS 1398% year-over-year, compared to -43. 7% for Dorchester Minerals, L. P.. Over a 3-year CAGR, LB leads at 56. 7% 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 — LB or DMLP?
Dorchester Minerals, L.
P. (DMLP) is the more profitable company, earning 37. 5% net margin versus 15. 1% for LandBridge Company LLC — meaning it keeps 37. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: LB leads at 59. 5% versus 37. 5% for DMLP. At the gross margin level — before operating expenses — LB leads at 91. 0%, 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 — LB or DMLP?
All stocks in this comparison pay dividends.
Dorchester Minerals, L. P. (DMLP) offers the highest yield at 10. 6%, versus 3. 6% for LandBridge Company LLC (LB).
08Is LB 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. 04), 10. 6% yield, +270. 1% 10Y return). Both have compounded well over 10 years (DMLP: +270. 1%, LB: +179. 0%), 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 LB 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: LB 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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