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Black Stone Minerals, L.P.

BSM

$14.09 ▼ -0.09 (-0.67%) at close

14 Visible periods

16 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Excellent

Bullish

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Analytical Summary

Black Stone Minerals, L.P. shows strong fundamentals with top-quartile Profit Margin (%) and Operating Margin (%). The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap —

Dividend Yield —

Revenue Growth 6.9% ↗

Op. Margin 65.6% ↗

ROIC —

FCF / Share —

Trailing P/E —

Price / Book —

FCF Yield —

Debt / Equity —

info Valuation on last close. End-of-day price, Aug 7, 2026.

14-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$469.92M

↑ +6.9% —

Net Income Profit after all expenses

$299.93M

↑ +10.5% —

Operating Margin Operating profit as % of sales

65.6%

↑ +5.6% 99th

trending_up

Bullish Indicators

Operating Margin (%)Operating Margin (%) is in the top quartile
Profit Margin (%)Profit Margin (%) is in the top quartile

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Profitability ↑

Financial Health ↑

Cash Quality ↓

Financial view

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📈 Is growth accelerating? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Mar 31, 2017 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Mar 31, 2015 10-K ↗	FY 2013 Mar 31, 2014 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗
Revenue Growth YoY (%)	6.9% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+39%)	-25.8% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-616%)	-24.5% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-590%)	55.1% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1002%)	47.6% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+851%)	-30.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-709%)	-19.2% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-483%)	41.9% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+737%)	44.5% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+790%)	-24.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-587%)	-28.3% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-667%)	18.3% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+266%)	—	—
Net Income Growth YoY (%)	10.5% Fair ↓ Fair Declining Year-over-year change in net income	-35.8% Weak ↓ Weak Declining Year-over-year change in net income	-11.3% Weak ↓ Weak Declining Year-over-year change in net income	161.8% Excellent ↑ Excellent Improving Year-over-year change in net income	49.4% Excellent ↑ Excellent Improving Year-over-year change in net income	-43.2% Weak ↓ Weak Declining Year-over-year change in net income	-27.5% Weak ↓ Weak Declining Year-over-year change in net income	88.1% Excellent Excellent Year-over-year change in net income	678.4% Excellent Excellent Year-over-year change in net income	N/M	N/M	0.1% Caution Caution Year-over-year change in net income	—	—
Revenue CAGR 3Y (%)	-15.7% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-4.6% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	20.0% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	16.8% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	-6.0% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-7.3% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	18.3% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	15.8% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	-7.8% Weak Weak Compound annual revenue growth over 3 years	-13.8% Weak Weak Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	6.5% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	-2.3% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-0.6% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	12.8% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	11.2% Good ↑ Good Improving Compound annual revenue growth over 5 years	-2.7% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-2.1% Weak Weak Compound annual revenue growth over 5 years	5.6% Fair Fair Compound annual revenue growth over 5 years	—	—	—	—	—	—

💰 Are margins durable? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Mar 31, 2017 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Mar 31, 2015 10-K ↗	FY 2013 Mar 31, 2014 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗
Operating Margin (%) (%)	65.6% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+338%)	62.2% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+314%)	71.5% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+377%)	61.5% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+310%)	37.0% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+147%)	38.5% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+157%)	47.7% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+218%)	52.2% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+248%)	40.1% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+167%)	9.2% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-38%)	-24.4% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-263%)	33.1% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+121%)	38.8% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+159%)	—
Profit Margin (%) (%)	63.8% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+698%)	61.7% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+672%)	71.4% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+792%)	60.8% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+659%)	36.0% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+350%)	35.5% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+344%)	43.5% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+444%)	48.5% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+506%)	36.6% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+357%)	6.8% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-15%)	-25.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-424%)	30.9% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+286%)	36.4% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+356%)	—
FCF Margin (%) (%)	66.0% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	88.5% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	88.0% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	54.2% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	50.8% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	82.2% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	83.8% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	63.2% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	65.6% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	66.1% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	72.5% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	72.2% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—	—
FCF / Net Income (x)	1.03x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.43x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.23x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	0.89x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	1.41x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	2.31x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.93x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	1.30x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	1.79x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	9.74x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-2.80x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	2.34x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—	—

🎯 Is capital allocation efficient? 1 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Mar 31, 2017 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Mar 31, 2015 10-K ↗	FY 2013 Mar 31, 2014 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗
Return on Capital (%) (%)	23.1% Excellent ↓ Excellent Declining Operating profit relative to total assets Optimal: > 10%	22.4% Excellent ↓ Excellent Declining Operating profit relative to total assets Optimal: > 10%	33.4% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	38.0% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	15.0% Excellent → Excellent Stable Operating profit relative to total assets Optimal: > 10%	10.6% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	14.7% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	18.1% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	13.8% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	2.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-8.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	14.3% Good Good Operating profit relative to total assets Optimal: > 10%	12.2% Good Good Operating profit relative to total assets Optimal: > 10%	—

⚖️ Is the balance sheet risky? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Mar 31, 2017 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Mar 31, 2015 10-K ↗	FY 2013 Mar 31, 2014 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗
Interest Coverage (x)	41.77x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	139.27x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	153.81x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	76.76x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	33.23x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	12.69x Excellent → Excellent Stable Operating income divided by interest expense Optimal: > 5x	10.97x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	15.34x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	10.96x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	3.64x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	-14.94x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	13.45x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	15.85x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$-1.48M	$-2.52M	$-70.28M	$-4.31M	$-8.88M	$-1.80M	$-8.12M	$-5.41M	$-5.64M	$-9.77M	$-13.23M	$-14.80M	$-30.12M	$-47.30M

🏦 How resilient is the balance sheet? 1 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Mar 31, 2017 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Mar 31, 2015 10-K ↗	FY 2013 Mar 31, 2014 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗
Working Capital (USD)	$71.01M	$48.12M	$167.29M	$142.65M	$30.83M	$26.57M	$72.49M	$92.77M	$27.91M	—	$40.56M	—	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Mar 31, 2017 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Mar 31, 2015 10-K ↗	FY 2013 Mar 31, 2014 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗
Sales/Revenue/Turnover (USD)	$469.92M	$439.43M	$592.22M	$784.28M	$505.73M	$342.75M	$492.78M	$609.57M	$429.66M	$297.30M	$392.92M	$548.32M	$463.56M	—
Depreciation Expense (USD)	$36.89M	$45.20M	$45.68M	$47.80M	$61.02M	$82.02M	$109.58M	$122.65M	$114.53M	$102.49M	$104.30M	$111.96M	$102.44M	—
Net Income, GAAP (USD)	$299.93M	$271.33M	$422.55M	$476.48M	$181.99M	$121.82M	$214.37M	$295.56M	$157.15M	$20.19M	$-101.75M	$169.19M	$168.96M	—
Operating Cash Flow (USD)	$310.17M	$389.04M	$521.25M	$424.98M	$256.88M	$281.81M	$412.72M	$385.38M	$281.85M	$196.66M	$284.74M	$396.12M	—	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 14 years · 51 quarters

Black Stone Minerals, L.P.

Analytical Summary

14-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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