DMLP vs ET vs FNV Stock Comparison

Dorchester Minerals, Energy Transfer and Franco Nevada Prices as of Oct 27, 2026 Peers: Industry group
ET Energy Transfer LP
$20.45 +1.2% 1M +20.9% 1Y
Market cap
$71.27B
P/E
14.1x
Revenue (TTM)
$107.38B
Div. yield
0.07%
Oil and Gas Pipelines Energy
5 wins
FNV FRANCO NEVADA Corp
$236.42 -8.2% 1M +28.5% 1Y
Market cap
$45.80B
P/E
31.5x
Revenue (TTM)
$2.32B
Div. yield
0.01%
Alternative Asset Managers Financial Services
4 wins

Head to Head

10 decided of 12

Energy Transfer leads on 5 of the 12 questions below (Energy Transfer 5, Franco Nevada 4, Dorchester Minerals 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionDMLPETFNVLeader
Larger companyMarket capitalisation $1.47B $71.27B $45.80B ET
Cheaper on earningsLower P/E, profitable companies only 17.5x 14.1x 31.5x ET
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 11.4x 30.2x ET
Faster revenue growthRevenue growth, trailing twelve months +13.9% +33.3% +73.6% FNV
More profitableNet margin, trailing twelve months 43.9% 4.7% 62.8% FNV
Better return on capitalReturn on invested capital — 8.4% — –
Less leveragedLower net debt / EBITDA — 4.0x — –
Higher dividend yieldTrailing dividend yield 0.09% 0.07% 0.01% DMLP
Better 1-year returnPrice return, last 12 months +20.4% +20.9% +28.5% FNV
Better 5-year returnAnnualised price return, 5 years +8.4%/yr +16.1%/yr +10.3%/yr ET
Less volatileAnnualised volatility, 1 year 25.2% 17.4% 38.9% ET
Higher overall scoreMean of the five percentile scores vs peers 66/100 62/100 80/100 FNV

Percentile Scorecard

DMLPETFNV

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisDMLPETFNV
Valuation 26 #74 of 99 94 #3 of 35 56 #81 of 181
Growth 74 #26 of 97 61 #14 of 34 91 #11 of 111
Profitability 99 #2 of 96 30 #24 of 34 98 #3 of 129
Financial Health 100 #1 of 102 59 #15 of 35 98 #5 of 164
Shareholder Returns 33 #51 of 76 67 #11 of 31 57 #33 of 75
Overall 66 62 80
  • DMLP ranked among 103 companies in Oil and Gas Upstream
  • ET ranked among 35 companies in Oil and Gas Midstream
  • FNV ranked among 209 companies in Asset and Wealth Management

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodDMLPETFNVSPY
1 month +4.8%+1.2%-8.2% -0.2%
3 months +12.6%+1.2%+12.3% +3.9%
6 months +7.8%+5.4%+1.7% +8.2%
Year to date +36.0%+24.0%+14.1% +12.9%
1 year +20.4%+20.9%+28.5% +12.3%
3 years +6.9%+56.0%+72.0% +87.4%
3 years, per year +2.2%+16.0%+19.8% +23.3%
5 years +49.3%+111.3%+62.9% +67.9%
5 years, per year +8.4%+16.1%+10.3% +10.9%
10 years +99.5%+33.2%+272.2% +261.1%
10 years, per year +7.2%+2.9%+14.0% +13.7%

Risk

MeasureDMLPETFNVSPY
Volatility, 1Y 25.2%17.4%38.9% 12.7%
Downside volatility, 1Y 27.4%16.6%42.2% 12.7%
Beta vs S&P 500, 1Y -0.43-0.211.26 1.00
Return / volatility, 1Y 0.811.200.73 0.97
Max drawdown, 5Y -40.0%-25.8%-38.2% -25.4%
From 52-week high -0.7%-5.9%-15.8% -1.2%
52-week high $30.64$21.74$280.82 $779.14
52-week low $21.26$16.21$183.97 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleDMLPETFNV
P/E now vs peer median 17.4xmedian 13.0x 13.9xmedian 20.9x 31.3xmedian 34.2x
P/S now vs peer median 7.8xmedian 2.1x 0.7xmedian 2.7x 19.7xmedian 4.9x
EV/EBITDA now vs peer median —median 5.9x 8.2xmedian 11.0x 20.7xmedian 11.7x
P/FCF now vs peer median 9.5xmedian 11.1x 13.5xmedian 16.5x 25.8xmedian 13.2x
P/B now vs peer median 4.9xmedian 1.5x 1.4xmedian 2.6x 5.5xmedian 1.8x
PEG now vs peer median —median 2.27 2.00median 1.95 1.05median 0.91

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsDMLPETFNV
Revenue $192.22M $107.38B $2.32B
Gross profit – $25.32B $1.79B
Operating income – $10.78B $1.82B
Net income $90.00M $7.04B $1.48B
Free cash flow $156.70M $5.22B $1.77B
EPS (diluted) – $1.46 $7.54
Cash & equivalents $72.50M $1.02B $1.01B
Total debt – $68.41B –
Shares (diluted) – 3.46B 193.00M
Enterprise value $1.29B $64.45B $43.16B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricDMLPETFNV
P/E 17.4x 13.9x 31.3x
P/FCF 9.5x 13.5x 25.8x
P/Operating cash flow 9.5x 5.8x 25.6x
P/S 7.8x 0.7x 19.7x
P/B 4.9x 1.4x 5.5x
P/Tangible book 4.9x 1.6x 5.5x
EV/EBITDA – 8.2x 20.7x
EV/EBIT – 12.8x 24.5x
EV/Revenue 7.4x 1.3x 19.2x
EV/FCF 9.1x 26.4x 25.2x
EV/Operating cash flow 9.1x 11.4x 25.1x
PEG (3Y EPS CAGR) – 2.00 1.05

Growth

14 metrics
MetricDMLPETFNV
Revenue growth (1Y) 13.9% 33.3% 73.6%
Revenue CAGR (3Y) 7.7% 10.0% 23.5%
Gross profit growth (1Y) – 18.9% 88.6%
Gross profit CAGR (3Y) – 13.2% 32.0%
Operating income growth (1Y) – 16.5% 89.7%
Operating income CAGR (3Y) – 12.0% 34.4%
Net income growth (1Y) 68.9% 16.1% 88.3%
Net income CAGR (3Y) – 9.0% 30.6%
EPS growth (1Y) – 12.6% 87.7%
EPS CAGR (3Y) – 7.0% 29.9%
Operating cash flow growth (1Y) 12.6% 8.8% 53.7%
Operating cash flow CAGR (3Y) 2.0% 5.9% 20.0%
Free cash flow growth (1Y) 12.6% -8.5% 83.9%
Free cash flow CAGR (3Y) 2.0% -7.3% 19.8%

Profitability

14 metrics
MetricDMLPETFNV
Gross margin – 23.6% 77.3%
EBITDA margin – 15.7% 93.0%
Operating margin – 10.0% 78.5%
Pretax margin – 7.1% 85.0%
Net margin 43.9% 4.7% 62.8%
FCF margin 81.5% 4.9% 76.4%
Operating cash flow margin 81.5% 11.3% 76.7%
Return on equity – 14.0% 18.1%
Return on assets – 4.8% 16.7%
Return on invested capital – 8.4% –
Return on capital employed – 8.4% 20.9%
Asset turnover 0.6x 0.7x 0.3x
Cash conversion (OCF / net income) 1.7x 1.7x 1.2x
Stock comp / revenue – 0.2% 0.2%

Financial Health

11 metrics
MetricDMLPETFNV
Debt / assets – 46.2% –
Debt / equity – 1.4x –
Net debt / EBITDA – 4.0x –
Debt / FCF – 13.1x –
Liabilities / assets 3.3% 65.9% 7.6%
Equity / assets 96.7% 34.1% 92.4%
Interest coverage – 2.9x 1,070x
Current ratio 13.9x 1.2x 9.4x
Quick ratio 13.8x 0.9x 8.5x
Cash ratio 10.1x 0.1x 6.9x
Altman Z-score – – 41.55

Shareholder Returns

7 metrics
MetricDMLPETFNV
Dividend yield 10.5% 6.6% 0.7%
Net buyback yield – – 0.0%
Shareholder yield 10.5% 6.6% 0.7%
Payout ratio (earnings) 140.6% 67.9% 18.0%
Payout ratio (FCF) 80.8% 91.6% 15.1%
Dividend growth (1Y) -15.6% 2.9% 12.4%
Dividend CAGR (3Y) -6.9% 8.0% 11.0%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusDMLPETFNV
Forward P/E – 11.4xFY2026 30.2xFY2026
EPS, next fiscal year – $1.80FY2026 $7.83FY2026
EPS growth, next FY – +48.8%FY2026 +40.3%FY2026
EPS growth, the year after – -9.4% +8.8%
Revenue, next fiscal year – $124.23BFY2026 $2.66BFY2026
Revenue growth, next FY – +45.2%FY2026 +46.4%FY2026
Revenue growth, the year after – +1.4% +1.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersDMLPETFNV
Held by institutions 22.9% 31.4% 71.6%
Institutions holding 154 1,280 661
Change in shares held, QoQ +6.5% +1.9% +0.4%
Institutions buying 66 628 335
Institutions selling 30 340 207
Buyers to sellers 2.20 1.85 1.62

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

DMLPETFNV
DMLP 1.00 0.34 0.06
ET 0.34 1.00 0.00
FNV 0.06 0.00 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, DMLP, ET and FNV?

Energy Transfer (ET) is the largest by market capitalisation: Dorchester Minerals (DMLP) $1.47B, Energy Transfer (ET) $71.27B, Franco Nevada (FNV) $45.80B.

Which stock is cheaper, DMLP, ET and FNV?

Energy Transfer (ET) trades on the lowest price-to-earnings ratio (Dorchester Minerals (DMLP) 17.5x, Energy Transfer (ET) 14.1x, Franco Nevada (FNV) 31.5x). On next year's consensus earnings, Energy Transfer (ET) is cheapest (Energy Transfer (ET) 11.4x, Franco Nevada (FNV) 30.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Franco Nevada (FNV) grew revenue fastest over the trailing twelve months: Dorchester Minerals (DMLP) +13.9%, Energy Transfer (ET) +33.3%, Franco Nevada (FNV) +73.6%.

Which company is more profitable?

Franco Nevada (FNV) has the highest net margin (Dorchester Minerals (DMLP) 43.9%, Energy Transfer (ET) 4.7%, Franco Nevada (FNV) 62.8%).

Which stock has performed better?

Over the past year Franco Nevada (FNV) returned the most: Dorchester Minerals (DMLP) +20.4%, Energy Transfer (ET) +20.9%, Franco Nevada (FNV) +28.5%. Over five years, Energy Transfer (ET) compounded fastest (Dorchester Minerals (DMLP) +8.4%/yr, Energy Transfer (ET) +16.1%/yr, Franco Nevada (FNV) +10.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Dorchester Minerals (DMLP) has the highest dividend yield: Dorchester Minerals (DMLP) 0.09%, Energy Transfer (ET) 0.07%, Franco Nevada (FNV) 0.01%.

Which stock is riskier?

By one-year price volatility, Energy Transfer (ET) has been the steadiest (Dorchester Minerals (DMLP) 25.2%, Energy Transfer (ET) 17.4%, Franco Nevada (FNV) 38.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, DMLP, ET and FNV?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Energy Transfer (ET) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.