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Natural Resources Partners LPNRP +0.67%66 Operating Margin % is 60.24% as of Mar. 2026, which is 12% below its 10-year median of 68.12. GuruFocus rates NRP with a GF Score™ of 66/100 and a GF Value™ of $79.26 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 130 Other Energy Sources companies, Natural Resources Partners LP ranks better than 98.46% on this metric.
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Natural Resources Partners LP Operating Margin % Related Terms
Natural Resources Partners LP Operating Margin % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NRP vs NC, BTU, ARLP: Operating Margin % Comparison
For the Thermal Coal subindustry, Natural Resources Partners LP's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Natural Resources Partners LP Operating Margin % vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Natural Resources Partners LP's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Natural Resources Partners LP's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Natural Resources Partners LP (NRP) has a Operating Margin % of 60.24% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Natural Resources Partners LP and its competitors. This is 12% below median its historical median of 68.12. Over the past decade, Natural Resources Partners LP's Operating Margin % has ranged from 60.87 to 75.84. According to the industry distribution chart, Natural Resources Partners LP ranks #2 out of 130 companies in the Other Energy Sources industry, placing it in the top 1.5%.
Is Natural Resources Partners LP's Operating Margin % too high?
Natural Resources Partners LP's current Operating Margin % of 60.24% is 12% below median its 10-year median of 68.12. Over the past 10 years, this metric has ranged from a low of 60.87 to a high of 75.84. The Other Energy Sources industry median Operating Margin % is 4.57. Natural Resources Partners LP's value of 60.24% is 1218.2% above this industry median. Based on the distribution chart, Natural Resources Partners LP ranks #2 out of 130 companies in the Other Energy Sources industry, which is in the top quartile — a strong position relative to peers. Overall, Natural Resources Partners LP has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Natural Resources Partners LP's Operating Margin % compare to NC and BTU?
According to the Other Energy Sources industry distribution chart, Natural Resources Partners LP ranks #2 out of 130 companies for Operating Margin %. This places Natural Resources Partners LP in the top 2% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 4.57. Natural Resources Partners LP's value of 60.24% is 1218.2% above this benchmark. Historically, Natural Resources Partners LP's own Operating Margin % has ranged from 60.87 to 75.84 over the past decade. While the company's 10-year median is 68.12 vs. the industry median of 4.57, Natural Resources Partners LP has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for an Other Energy Sources company?
The median Operating Margin % among Other Energy Sources companies is 4.57, based on 130 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Natural Resources Partners LP's current Operating Margin % of 60.24% is 1218.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Natural Resources Partners LP and its competitors. For the Other Energy Sources industry, the median Operating Margin % is 4.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Natural Resources Partners LP's current Operating Margin % is 60.24%, which is 12% below median its own 10-year median of 68.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Natural Resources Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Natural Resources Partners LP (NRP) is currently considered Modestly Overvalued. The stock's GF Value™ is $79.26, compared to a current price of $98.00 — trading 23.6% above its estimated fair value. The current Operating Margin % is 60.24%, which is 12% below median its 10-year median of 68.12 and 1218.2% above the Other Energy Sources industry median of 4.57. Natural Resources Partners LP's overall GF Score™ is 66/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Natural Resources Partners LP (NRP), the current Operating Margin % is 60.24% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Natural Resources Partners LP (NRP) Overvalued in 2026?
Based on GuruFocus' analysis, Natural Resources Partners LP stock appears to be overvalued.
The current stock price of $98.00 is trading 23.6% above its estimated GF Value™ of $79.26.
GuruFocus considers Natural Resources Partners LP to be Modestly Overvalued.
Key valuation signals for NRP:
Operating Margin %: 60.24% (12% below median its 10-year median of 68.12)
GF Value™: $79.26 vs. price of $98.00 (23.6% above fair value)
Industry Position: 1218.2% above the Other Energy Sources median (#2 of 130)
No single metric tells the full story. See the NRP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Natural Resources Partners LP Business Description
Natural Resources Partners LP is a diversified natural resource company. It is engaged in the business of owning, managing and leasing a diversified portfolio of mineral properties in the United States, including interests in coal, trona and soda ash, crude oil and natural gas, construction aggregates, frac sand, and other natural resources. The company leases coal reserves to experience mine operators under long-term leases that grant the operator the right to mine its coal reserves in exchange for royalty payments. The company operates in two reportable segments namely: Mineral Rights and Soda Ash. The majority of the revenue is generated from the Mineral Rights segment. Geographically, the company's business activity of the group functions through the United States.
66GF Score
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