BSM vs ET Stock Comparison

Black Stone Minerals and Energy Transfer Prices as of Oct 23, 2026 Peers: Industry group
ET Energy Transfer LP
$20.44 -0.3% 1M +21.3% 1Y
Market cap
$70.82B
P/E
14.0x
Revenue (TTM)
$107.38B
Div. yield
0.07%
Oil and Gas Pipelines Energy
7 wins

Head to Head

11 decided of 12

Energy Transfer leads on 7 of the 12 questions below (Energy Transfer 7, Black Stone Minerals 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBSMETLeader
Larger companyMarket capitalisation $3.16B $70.82B ET
Cheaper on earningsLower P/E, profitable companies only 12.4x 14.0x BSM
Cheaper on forward earningsLower price / next fiscal year consensus EPS 14.2x 11.4x ET
Faster revenue growthRevenue growth, trailing twelve months +5.0% +33.3% ET
More profitableNet margin, trailing twelve months 48.5% 4.7% BSM
Better return on capitalReturn on invested capital — 8.4% –
Less leveragedLower net debt / EBITDA 0.6x 4.0x BSM
Higher dividend yieldTrailing dividend yield 0.09% 0.07% BSM
Better 1-year returnPrice return, last 12 months +14.2% +21.3% ET
Better 5-year returnAnnualised price return, 5 years +4.2%/yr +15.7%/yr ET
Less volatileAnnualised volatility, 1 year 20.4% 17.4% ET
Higher overall scoreMean of the five percentile scores vs peers 52/100 63/100 ET

Percentile Scorecard

BSMET

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

AxisBSMET
Valuation 28 #72 of 99 94 #3 of 35
Growth 28 #70 of 97 64 #13 of 34
Profitability 96 #5 of 96 30 #24 of 34
Financial Health 80 #21 of 102 59 #15 of 35
Shareholder Returns 27 #56 of 76 70 #10 of 31
Overall 52 63
  • BSM ranked among 103 companies in Oil and Gas Upstream
  • ET ranked among 35 companies in Oil and Gas Midstream

Price Performance

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

Returns

PeriodBSMETSPY
1 month +2.7%-0.3% -1.0%
3 months +2.1%+0.4% +2.9%
6 months +5.4%+7.1% +6.4%
Year to date +12.6%+24.0% +11.4%
1 year +14.2%+21.3% +13.1%
3 years -15.4%+48.7% +79.4%
3 years, per year -5.4%+14.1% +21.5%
5 years +22.9%+106.9% +67.7%
5 years, per year +4.2%+15.7% +10.9%
10 years -20.1%+24.0% +255.2%
10 years, per year -2.2%+2.2% +13.5%

Risk

MeasureBSMETSPY
Volatility, 1Y 20.4%17.4% 12.7%
Downside volatility, 1Y 22.1%16.6% 12.7%
Beta vs S&P 500, 1Y -0.27-0.21 1.00
Return / volatility, 1Y 0.701.22 1.03
Max drawdown, 5Y -39.7%-25.8% -25.4%
From 52-week high -3.1%-6.0% -2.5%
52-week high $15.44$21.74 $779.14
52-week low $12.95$16.21 $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.

MultipleBSMET
P/E now vs peer median 12.5xmedian 13.1x 13.9xmedian 21.3x
P/S now vs peer median 6.1xmedian 2.0x 0.7xmedian 2.7x
EV/EBITDA now vs peer median 10.1xmedian 5.7x 8.2xmedian 11.0x
P/FCF now vs peer median 15.6xmedian 11.1x 13.5xmedian 16.4x
P/B now vs peer median 3.9xmedian 1.5x 1.4xmedian 2.6x
PEG now vs peer median -0.55median 2.24 2.00median 1.93

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 monthsBSMET
Revenue $524.05M $107.38B
Gross profit – $25.32B
Operating income $295.66M $10.78B
Net income $283.59M $7.04B
Free cash flow $204.26M $5.22B
R&D $21.23M –
EPS (diluted) $1.20 $1.46
Cash & equivalents $1.67M $1.02B
Total debt $554.65M $68.41B
Shares (diluted) 212.60M 3.46B
Enterprise value $3.14B $64.01B

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
MetricBSMET
P/E 12.5x 13.9x
P/FCF 15.6x 13.5x
P/Operating cash flow 9.9x 5.8x
P/S 6.1x 0.7x
P/B 3.9x 1.4x
P/Tangible book 3.9x 1.6x
EV/EBITDA 10.1x 8.2x
EV/EBIT 11.4x 12.8x
EV/Revenue 6.5x 1.3x
EV/FCF 16.6x 26.4x
EV/Operating cash flow 10.6x 11.4x
PEG (3Y EPS CAGR) -0.55 2.00

Growth

14 metrics
MetricBSMET
Revenue growth (1Y) 5.0% 33.3%
Revenue CAGR (3Y) -9.7% 10.0%
Gross profit growth (1Y) – 18.9%
Gross profit CAGR (3Y) – 13.2%
Operating income growth (1Y) 5.6% 16.5%
Operating income CAGR (3Y) -19.6% 12.0%
Net income growth (1Y) 3.1% 16.1%
Net income CAGR (3Y) -20.5% 9.0%
EPS growth (1Y) 10.4% 12.6%
EPS CAGR (3Y) -22.7% 7.0%
Operating cash flow growth (1Y) -2.8% 8.8%
Operating cash flow CAGR (3Y) -15.7% 5.9%
Free cash flow growth (1Y) -10.9% -8.5%
Free cash flow CAGR (3Y) -27.2% -7.3%

Profitability

14 metrics
MetricBSMET
Gross margin – 23.6%
EBITDA margin 63.8% 15.7%
Operating margin 56.4% 10.0%
Pretax margin 54.1% 7.1%
Net margin 48.5% 4.7%
FCF margin 39.0% 4.9%
Operating cash flow margin 61.1% 11.3%
Return on equity 35.8% 14.0%
Return on assets 21.0% 4.8%
Return on invested capital – 8.4%
Return on capital employed 22.3% 8.4%
Asset turnover 0.4x 0.7x
Cash conversion (OCF / net income) 1.1x 1.7x
Stock comp / revenue 2.0% 0.2%

Financial Health

11 metrics
MetricBSMET
Debt / assets 14.8% 46.2%
Debt / equity 0.2x 1.4x
Net debt / EBITDA 0.6x 4.0x
Debt / FCF 1.0x 13.1x
Liabilities / assets 40.5% 65.9%
Equity / assets 59.5% 34.1%
Interest coverage 23.8x 2.9x
Current ratio 3.8x 1.2x
Quick ratio 5.8x 0.9x
Cash ratio 0.1x 0.1x
Altman Z-score – –

Shareholder Returns

7 metrics
MetricBSMET
Dividend yield 8.2% 6.6%
Net buyback yield 0.1% –
Shareholder yield 8.2% 6.6%
Payout ratio (earnings) 100.2% 67.9%
Payout ratio (FCF) 139.1% 91.6%
Dividend growth (1Y) -17.9% 2.9%
Dividend CAGR (3Y) -11.0% 8.0%

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.

ConsensusBSMET
Forward P/E 14.2xFY2026 11.4xFY2026
EPS, next fiscal year $1.05FY2026 $1.80FY2026
EPS growth, next FY -18.0%FY2026 +48.8%FY2026
EPS growth, the year after +3.8% -9.4%
Revenue, next fiscal year $441.90MFY2026 $124.23BFY2026
Revenue growth, next FY -6.0%FY2026 +45.2%FY2026
Revenue growth, the year after +7.0% +1.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBSMET
Held by institutions 21.1% 31.4%
Institutions holding 197 1,279
Change in shares held, QoQ +3.4% +1.9%
Institutions buying 81 628
Institutions selling 44 340
Buyers to sellers 1.84 1.85

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.

BSMET
BSM 1.00 0.32
ET 0.32 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BSM and ET?

Energy Transfer (ET) is the largest by market capitalisation: Black Stone Minerals (BSM) $3.16B, Energy Transfer (ET) $70.82B.

Which stock is cheaper, BSM and ET?

Black Stone Minerals (BSM) trades on the lowest price-to-earnings ratio (Black Stone Minerals (BSM) 12.4x, Energy Transfer (ET) 14.0x). On next year's consensus earnings, Energy Transfer (ET) is cheapest (Black Stone Minerals (BSM) 14.2x, Energy Transfer (ET) 11.4x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Energy Transfer (ET) grew revenue fastest over the trailing twelve months: Black Stone Minerals (BSM) +5.0%, Energy Transfer (ET) +33.3%.

Which company is more profitable?

Black Stone Minerals (BSM) has the highest net margin (Black Stone Minerals (BSM) 48.5%, Energy Transfer (ET) 4.7%).

Which stock has performed better?

Over the past year Energy Transfer (ET) returned the most: Black Stone Minerals (BSM) +14.2%, Energy Transfer (ET) +21.3%. Over five years, Energy Transfer (ET) compounded fastest (Black Stone Minerals (BSM) +4.2%/yr, Energy Transfer (ET) +15.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Black Stone Minerals (BSM) has the highest dividend yield: Black Stone Minerals (BSM) 0.09%, Energy Transfer (ET) 0.07%.

Which stock is riskier?

By one-year price volatility, Energy Transfer (ET) has been the steadiest (Black Stone Minerals (BSM) 20.4%, Energy Transfer (ET) 17.4%). Volatility measures how widely the price swings, not the risk of the business.

Do BSM and ET move together?

Their daily returns over the past year have a correlation of 0.32, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, BSM and ET?

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 7. 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.