Dorchester MINERALS, L.P. (DMLP) intrinsic value & 10-year financials

Dorchester MINERALS, L.P. (DMLP) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 16.9% a year to $152.8M.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$30.43
Revenue (FY2025)
$152.8M
Revenue growth (10-yr CAGR)
16.9%
Free cash flow (FY2025)
—

DMLP 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $152.8M $57.4M — — — —
FY2024 $161.5M $92.4M — — — —
FY2023 $163.8M $114.1M — — — —
FY2022 $170.8M $130.6M — — — —
FY2021 $93.4M $70.2M — — — —
FY2020 $46.9M $21.9M — — — —
FY2019 $78.8M $52.8M — — — —
FY2018 $73.3M $53.9M — — — —
FY2017 $57.3M $38.4M — — — —
FY2016 $37.6M $21.0M — — 55.8% —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

DORCHESTER MINERALS, L.P. is a consistent compounder, expanding top-line revenue at 16.9% annually over the past decade.

DORCHESTER MINERALS, L.P. 10-year average ROIC is N/A; capital efficiency cannot be assessed from the available history.

DORCHESTER MINERALS, L.P. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, DORCHESTER MINERALS, L.P. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment.

DMLP stock: frequently asked questions

How fast has Dorchester MINERALS, L.P. grown?

Revenue went from $37.6M in fiscal 2016 to $152.8M in fiscal 2025, a compound annual growth rate of 16.9%. Net income was $57.4M in fiscal 2025.

Where does this DMLP data come from?

From Dorchester MINERALS, L.P.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 6, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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