Last 48 quarters of trend data · Energy · Coal
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 11.26 | — | 11.50 | 11.51 | 9.48 | 8.75 | 8.81 | 12.22 | 9.79 | 6.01 | 5.43 | 6.78 | 5.30 |
| — | — | +30.5% | -5.8% | -3.2% | +45.6% | +62.2% | +80.4% | +84.8% | +58.3% | +25.2% | +131.5% | +91.2% | |
| P/S Ratio | 7.40 | — | 7.22 | 6.98 | 6.78 | 6.21 | 5.70 | 6.22 | 5.19 | 4.49 | 4.53 | 3.98 | 3.05 |
| — | — | +26.6% | +12.2% | +30.8% | +38.1% | +25.8% | +56.3% | +70.2% | +71.2% | +36.4% | +59.4% | +39.7% | |
| P/B Ratio | 2.37 | — | 2.21 | 2.28 | 2.15 | 2.45 | 2.68 | 2.51 | 2.29 | 2.39 | 2.40 | 2.11 | 1.35 |
| — | — | -17.6% | -9.2% | -5.9% | +2.3% | +11.9% | +18.8% | +69.3% | +72.5% | +43.0% | +40.1% | -5.4% | |
| P/FCF | 9.03 | — | 7.80 | 8.49 | 6.97 | 10.04 | 5.58 | 6.00 | 5.24 | 4.45 | 4.45 | 3.69 | 2.41 |
| — | — | +39.9% | +41.4% | +33.0% | +125.6% | +25.3% | +62.8% | +117.7% | +54.7% | +14.0% | +39.3% | -18.0% | |
| EV / EBITDA | 9.72 | — | 9.41 | 9.80 | 8.31 | 7.96 | 8.09 | 7.73 | 6.37 | 5.65 | 5.11 | 4.68 | 3.08 |
| — | — | +16.4% | +26.8% | +30.6% | +40.9% | +58.1% | +65.2% | +107.0% | +96.0% | +8.7% | +60.2% | +6.5% | |
| EV / EBIT | 10.76 | — | 10.89 | 10.96 | 9.17 | 8.70 | 8.58 | 8.59 | 6.79 | 6.09 | 5.56 | 5.00 | 3.23 |
| — | — | +26.9% | +27.7% | +35.0% | +42.9% | +54.3% | +71.8% | +109.9% | +101.3% | +23.1% | +28.1% | -15.6% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Natural Resource Partners L.P.'s operating margin was 52.3% in Q1 2026, down 17.6 pp QoQ and down 24.8 pp YoY. The trailing four-quarter average of 66.5% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 81.2% | — | 82.2% | 84.7% | 100.0% | 100.0% | 100.0% | 90.9% | 94.2% | 93.4% | 92.1% | 93.7% | 94.1% |
| — | — | -17.8% | -6.9% | +6.2% | +7.0% | +8.6% | -3.0% | +0.1% | -1.5% | +12.9% | +3.0% | +6.7% | |
| Operating Margin | 68.9% | 52.3% | 69.9% | 65.5% | 78.1% | 77.1% | 71.5% | 81.9% | 88.1% | 84.3% | 90.2% | 92.6% | 114.9% |
| — | -32.1% | -2.2% | -20.1% | -11.3% | -8.6% | -20.7% | -11.5% | -23.3% | -18.0% | +25.3% | -1.6% | +23.5% | |
| Net Margin | 66.0% | 1.0% | 62.8% | 60.7% | 73.0% | 72.3% | 66.0% | 73.9% | 80.5% | 79.4% | 85.1% | 87.3% | 109.4% |
| — | -98.6% | -5.0% | -17.9% | -9.2% | -8.9% | -22.3% | -15.4% | -26.5% | -20.0% | +10.8% | +4.2% | +41.6% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 22.6% | 0.1% | 4.9% | 5.0% | 5.9% | 7.2% | 8.0% | 7.4% | 8.8% | 10.1% | 11.5% | 11.3% | 11.9% |
| — | -99.1% | -39.0% | -32.3% | -32.4% | -28.8% | -30.5% | -34.1% | -26.2% | -20.4% | +13.1% | -15.4% | -10.3% | |
| ROA | 17.6% | 0.1% | 4.0% | 4.0% | 4.5% | 5.2% | 5.5% | 4.9% | 5.9% | 7.1% | 8.1% | 7.8% | 8.5% |
| — | -99.0% | -26.1% | -18.2% | -24.1% | -27.0% | -32.1% | -37.4% | -30.8% | -22.9% | +13.9% | -6.0% | +19.4% | |
| ROIC | 16.1% | 2.5% | 4.0% | 3.7% | 4.1% | 4.8% | 5.1% | 4.6% | 5.3% | 6.2% | 7.1% | 6.8% | 7.3% |
| — | -48.7% | -23.2% | -19.1% | -23.3% | -22.7% | -27.1% | -32.1% | -27.0% | -22.5% | +23.6% | -16.4% | -6.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Natural Resource Partners L.P.'s Debt/EBITDA ratio is 0.5x, down from 0.9x last quarter — comfortably within a safe range. The current ratio has weakened 14.8% YoY to 2.09x, tightening the short-term liquidity position. Debt/Equity has declined for 8 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.05 | 0.02 | 0.05 | 0.11 | 0.17 | 0.25 | 0.26 | 0.39 | 0.41 | 0.36 | 0.28 | 0.38 | 0.31 |
| — | -91.1% | -79.7% | -70.8% | -58.3% | -30.4% | -6.5% | +3.0% | +30.8% | +26.4% | +3.0% | -8.7% | -45.3% | |
| Debt / EBITDA | 0.21 | 0.50 | 0.89 | 1.90 | 2.51 | 3.03 | 2.89 | 4.23 | 3.98 | 2.99 | 2.13 | 2.87 | 2.35 |
| — | -83.4% | -69.2% | -55.1% | -36.8% | +1.4% | +36.0% | +47.2% | +69.2% | +49.0% | -20.5% | +8.1% | -33.1% | |
| Current Ratio | 1.85 | 2.09 | 1.85 | 2.14 | 2.20 | 2.45 | 2.00 | 2.33 | 2.43 | 1.76 | 1.11 | 1.14 | 0.99 |
| — | -14.8% | -7.9% | -8.2% | -9.8% | +39.0% | +80.7% | +103.7% | +146.9% | +61.9% | -20.1% | +31.3% | -41.7% | |
| Quick Ratio | 1.85 | 2.09 | 1.85 | 2.14 | 2.20 | 2.45 | 2.00 | 2.33 | 2.43 | 1.76 | 1.11 | 1.14 | 0.99 |
| — | -14.8% | -7.9% | -8.2% | -9.8% | +39.0% | +80.7% | +103.7% | +146.9% | +61.9% | -20.1% | +31.3% | -41.7% | |
| Interest Coverage | 18.08 | 21.16 | 27.79 | 18.37 | 15.37 | 16.09 | 13.14 | 10.20 | 11.59 | 17.12 | 17.57 | 17.64 | 21.14 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Natural Resource Partners L.P.'s current P/E is 11.3x. The average P/E over the last 3 quarters is 10.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Natural Resource Partners L.P.'s current operating margin is 68.9%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Natural Resource Partners L.P.'s business trajectory between earnings reports.