KRP vs FNV vs DMLP Stock Comparison

Kimbell Royalty Partners, Franco Nevada and Dorchester Minerals Prices as of Oct 26, 2026 Peers: Industry group
FNV FRANCO NEVADA Corp
$230.76 -10.4% 1M +21.4% 1Y
Market cap
$45.55B
P/E
31.3x
Revenue (TTM)
$2.32B
Div. yield
0.01%
Alternative Asset Managers Financial Services
5 wins

Head to Head

10 decided of 12

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

QuestionKRPFNVDMLPLeader
Larger companyMarket capitalisation $1.62B $45.55B $1.47B FNV
Cheaper on earningsLower P/E, profitable companies only 20.6x 31.3x 17.5x DMLP
Cheaper on forward earningsLower price / next fiscal year consensus EPS 16.7x 29.5x — KRP
Faster revenue growthRevenue growth, trailing twelve months +6.2% +73.6% +13.9% FNV
More profitableNet margin, trailing twelve months 23.0% 62.8% 43.9% FNV
Better return on capitalReturn on invested capital 12.7% — — –
Less leveragedLower net debt / EBITDA 1.7x — — –
Higher dividend yieldTrailing dividend yield 0.09% 0.01% 0.09% KRP
Better 1-year returnPrice return, last 12 months +26.2% +21.4% +20.8% KRP
Better 5-year returnAnnualised price return, 5 years +2.1%/yr +10.1%/yr +8.5%/yr FNV
Less volatileAnnualised volatility, 1 year 23.0% 38.9% 25.3% KRP
Higher overall scoreMean of the five percentile scores vs peers 66/100 81/100 67/100 FNV

Percentile Scorecard

KRPFNVDMLP

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

AxisKRPFNVDMLP
Valuation 38 #62 of 99 57 #79 of 184 27 #73 of 99
Growth 92 #9 of 97 91 #11 of 113 77 #23 of 97
Profitability 85 #15 of 96 99 #2 of 130 99 #2 of 96
Financial Health 56 #45 of 102 98 #5 of 167 100 #1 of 102
Shareholder Returns 57 #33 of 76 57 #33 of 76 31 #53 of 76
Overall 66 81 67
  • KRP ranked among 103 companies in Oil and Gas Upstream
  • FNV ranked among 212 companies in Asset and Wealth Management
  • DMLP ranked among 103 companies in Oil and Gas Upstream

Price Performance

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

Returns

PeriodKRPFNVDMLPSPY
1 month +15.8%-10.4%+5.3% -0.8%
3 months +14.9%+7.6%+12.6% +3.5%
6 months +14.1%-4.3%+8.6% +7.0%
Year to date +43.4%+11.3%+36.8% +12.2%
1 year +26.2%+21.4%+20.8% +13.0%
3 years +4.1%+67.9%+7.4% +86.3%
3 years, per year +1.3%+18.9%+2.4% +23.1%
5 years +11.0%+61.4%+50.4% +68.6%
5 years, per year +2.1%+10.1%+8.5% +11.0%
10 years —+262.9%+100.5% +258.0%
10 years, per year —+13.8%+7.2% +13.6%

Risk

MeasureKRPFNVDMLPSPY
Volatility, 1Y 23.0%38.9%25.3% 12.7%
Downside volatility, 1Y 24.6%42.2%27.5% 12.7%
Beta vs S&P 500, 1Y -0.361.26-0.43 1.00
Return / volatility, 1Y 1.140.550.82 1.02
Max drawdown, 5Y -43.3%-38.2%-40.0% -25.4%
From 52-week high -0.6%-17.8%-0.2% -1.8%
52-week high $16.97$280.82$30.64 $779.14
52-week low $11.36$183.97$21.26 $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.

MultipleKRPFNVDMLP
P/E now vs peer median 20.7xmedian 13.5x 30.6xmedian 33.6x 17.5xmedian 13.5x
P/S now vs peer median 5.0xmedian 2.1x 19.2xmedian 4.9x 7.8xmedian 2.1x
EV/EBITDA now vs peer median 8.2xmedian 5.9x 20.2xmedian 11.5x —median 5.9x
P/FCF now vs peer median 7.2xmedian 11.0x 25.1xmedian 13.2x 9.6xmedian 11.0x
P/B now vs peer median 2.5xmedian 1.5x 5.4xmedian 1.8x 4.9xmedian 1.5x
PEG now vs peer median -1.08median 2.27 1.02median 0.91 —median 2.27

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 monthsKRPFNVDMLP
Revenue $341.09M $2.32B $192.22M
Gross profit – $1.79B –
Operating income $136.95M $1.82B –
Net income $101.37M $1.48B $90.00M
Free cash flow $237.72M $1.77B $156.70M
EPS (diluted) $0.66 $7.54 –
Cash & equivalents $44.93M $1.01B $72.50M
Total debt $478.70M – –
Shares (diluted) 118.88M 193.00M –
Enterprise value $1.45B $42.92B $1.29B

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
MetricKRPFNVDMLP
P/E 20.7x 30.6x 17.5x
P/FCF 7.2x 25.1x 9.6x
P/Operating cash flow 7.2x 25.0x 9.6x
P/S 5.0x 19.2x 7.8x
P/B 2.5x 5.4x 4.9x
P/Tangible book 2.5x 5.4x 4.9x
EV/EBITDA 8.2x 20.2x –
EV/EBIT 15.6x 23.9x –
EV/Revenue 6.3x 18.8x 7.4x
EV/FCF 9.0x 24.6x 9.1x
EV/Operating cash flow 9.0x 24.5x 9.1x
PEG (3Y EPS CAGR) -1.08 1.02 –

Growth

14 metrics
MetricKRPFNVDMLP
Revenue growth (1Y) 6.2% 73.6% 13.9%
Revenue CAGR (3Y) 13.7% 23.5% 7.7%
Gross profit growth (1Y) – 88.6% –
Gross profit CAGR (3Y) – 32.0% –
Operating income growth (1Y) 104.7% 89.7% –
Operating income CAGR (3Y) -1.4% 34.4% –
Net income growth (1Y) 159.4% 88.3% 68.9%
Net income CAGR (3Y) -6.9% 30.6% –
EPS growth (1Y) 14,894% 87.7% –
EPS CAGR (3Y) -19.1% 29.9% –
Operating cash flow growth (1Y) -3.2% 53.7% 12.6%
Operating cash flow CAGR (3Y) 12.1% 20.0% 2.0%
Free cash flow growth (1Y) 946.8% 83.9% 12.6%
Free cash flow CAGR (3Y) 155.1% 19.8% 2.0%

Profitability

14 metrics
MetricKRPFNVDMLP
Gross margin – 77.3% –
EBITDA margin 76.7% 93.0% –
Operating margin 40.1% 78.5% –
Pretax margin 29.8% 85.0% –
Net margin 23.0% 62.8% 43.9%
FCF margin 69.7% 76.4% 81.5%
Operating cash flow margin 69.7% 76.7% 81.5%
Return on equity 16.4% 18.1% –
Return on assets 8.0% 16.7% –
Return on invested capital 12.7% – –
Return on capital employed 11.0% 20.9% –
Asset turnover 0.3x 0.3x 0.6x
Cash conversion (OCF / net income) 2.3x 1.2x 1.7x
Stock comp / revenue 4.9% 0.2% –

Financial Health

11 metrics
MetricKRPFNVDMLP
Debt / assets 36.1% – –
Debt / equity 0.7x – –
Net debt / EBITDA 1.7x – –
Debt / FCF 2.0x – –
Liabilities / assets 49.5% 7.6% 3.3%
Equity / assets 50.5% 92.4% 96.7%
Interest coverage 3.9x 1,070x –
Current ratio 7.3x 9.4x 13.9x
Quick ratio 7.1x 8.5x 13.8x
Cash ratio 3.3x 6.9x 10.1x
Altman Z-score – 40.59 –

Shareholder Returns

7 metrics
MetricKRPFNVDMLP
Dividend yield 9.5% 0.7% 10.4%
Net buyback yield 0.9% 0.0% –
Shareholder yield 10.4% 0.7% 10.4%
Payout ratio (earnings) 143.5% 18.0% 140.6%
Payout ratio (FCF) 61.2% 15.1% 80.8%
Dividend growth (1Y) -2.0% 12.4% -15.6%
Dividend CAGR (3Y) 7.6% 11.0% -6.9%

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.

ConsensusKRPFNVDMLP
Forward P/E 16.7xFY2026 29.5xFY2026 –
EPS, next fiscal year $1.01FY2026 $7.83FY2026 –
EPS growth, next FY +23.2%FY2026 +40.3%FY2026 –
EPS growth, the year after -5.0% +8.8% –
Revenue, next fiscal year $414.25MFY2026 $2.66BFY2026 –
Revenue growth, next FY +24.1%FY2026 +46.4%FY2026 –
Revenue growth, the year after +5.6% +1.3% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersKRPFNVDMLP
Held by institutions 31.0% 71.6% 22.9%
Institutions holding 212 661 154
Change in shares held, QoQ -2.9% +0.4% +6.5%
Institutions buying 120 335 66
Institutions selling 41 207 30
Buyers to sellers 2.93 1.62 2.20

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.

KRPFNVDMLP
KRP 1.00 -0.01 0.51
FNV -0.01 1.00 0.06
DMLP 0.51 0.06 1.00

Add a Peer

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Frequently Asked Questions

Which is bigger, KRP, FNV and DMLP?

Franco Nevada (FNV) is the largest by market capitalisation: Kimbell Royalty Partners (KRP) $1.62B, Franco Nevada (FNV) $45.55B, Dorchester Minerals (DMLP) $1.47B.

Which stock is cheaper, KRP, FNV and DMLP?

Dorchester Minerals (DMLP) trades on the lowest price-to-earnings ratio (Kimbell Royalty Partners (KRP) 20.6x, Franco Nevada (FNV) 31.3x, Dorchester Minerals (DMLP) 17.5x). On next year's consensus earnings, Kimbell Royalty Partners (KRP) is cheapest (Kimbell Royalty Partners (KRP) 16.7x, Franco Nevada (FNV) 29.5x). 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: Kimbell Royalty Partners (KRP) +6.2%, Franco Nevada (FNV) +73.6%, Dorchester Minerals (DMLP) +13.9%.

Which company is more profitable?

Franco Nevada (FNV) has the highest net margin (Kimbell Royalty Partners (KRP) 23.0%, Franco Nevada (FNV) 62.8%, Dorchester Minerals (DMLP) 43.9%).

Which stock has performed better?

Over the past year Kimbell Royalty Partners (KRP) returned the most: Kimbell Royalty Partners (KRP) +26.2%, Franco Nevada (FNV) +21.4%, Dorchester Minerals (DMLP) +20.8%. Over five years, Franco Nevada (FNV) compounded fastest (Kimbell Royalty Partners (KRP) +2.1%/yr, Franco Nevada (FNV) +10.1%/yr, Dorchester Minerals (DMLP) +8.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Kimbell Royalty Partners (KRP) has the highest dividend yield: Kimbell Royalty Partners (KRP) 0.09%, Franco Nevada (FNV) 0.01%, Dorchester Minerals (DMLP) 0.09%.

Which stock is riskier?

By one-year price volatility, Kimbell Royalty Partners (KRP) has been the steadiest (Kimbell Royalty Partners (KRP) 23.0%, Franco Nevada (FNV) 38.9%, Dorchester Minerals (DMLP) 25.3%). Volatility measures how widely the price swings, not the risk of the business.

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

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Franco Nevada (FNV) 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.