Black Stone Minerals (BSM) FCF Margin (2014 - 2026)
Black Stone Minerals' (BSM) quarterly FCF Margin came in at 39.34% in Q2 2026, up 627.0% year-over-year from 5.41% in Q2 2025, and down 4.43% quarter-over-quarter from 41.17% in Q1 2026.
Analysis
Black Stone Minerals (BSM) FCF Margin (2014 - 2026) Analysis & Trends
Black Stone Minerals (BSM) has reported FCF Margin for 13 consecutive years, with 39.34% the latest figure, recorded in Q2 2026.
- On a quarterly basis, FCF Margin rose 627.0% year-over-year to 39.34% in Q2 2026; TTM through Jun 2026 was 39.2%, a 721.0% decrease from a year earlier, with the FY2025 full-year figure at 43.22%, down 2042.0% from the prior year.
- FCF Margin was 39.34% for Q2 2026 at Black Stone Minerals, down from 41.17% in the prior quarter.
- Over five years, FCF Margin peaked at 113.42% in Q2 2023 and troughed at 13.74% in Q4 2025.
- A 5-year average of 57.2% and a median of 54.69% in 2024 frame the typical range for FCF Margin.
- Across the five-year window, FCF Margin soared 7917 bps in 2023 and sank 4928 bps in 2024, its largest moves.
- Over 5 years, FCF Margin stood at 78.58% in 2022, then retreated by 18 bps to 64.57% in 2023, then dropped by 21 bps to 51.13% in 2024, then slumped by 73 bps to 13.74% in 2025, then jumped by 186 bps to 39.34% in 2026.
- The last three FCF Margin figures came in at 39.34% (Q2 2026), 41.17% (Q1 2026), and 13.74% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Viper Energy | 15.81 Bn | 20.98 Bn | - | 71.94% |
| 2 | Black Stone Minerals | 3.12 Bn | 3.11 Bn | - | 39.34% |
| 3 | Natural Resource Partners | 1.51 Bn | 1.48 Bn | 47.24 Mn | 77.31% |
| 4 | Kimbell Royalty Partners | 1.50 Bn | 1.46 Bn | - | 60.73% |
| 5 | Dorchester Minerals | 1.43 Bn | 1.36 Bn | - | 114.51% |
| 6 | Evolution Petroleum | 131.82 Mn | 126.78 Mn | 7.21 Mn | -5.81% |
| 7 | Altex Industries | 1.90 Mn | 1.90 Mn | - | -883.33% |
| 8 | Mentor Capital | 827,678.86 | 91,860.86 | 65,595.00 | - |
| 9 | Leopard Energy | 165,479.20 | 149,827.20 | 1,715.00 | 1,814.87% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 39.34% |
| Mar 31, 2026 | 41.17% |
| Dec 31, 2025 | 13.74% |
| Sep 30, 2025 | 60.00% |
| Jun 30, 2025 | 33.07% |
| Mar 31, 2025 | 47.35% |
| Dec 31, 2024 | 51.13% |
| Sep 30, 2024 | 58.24% |
| Jun 30, 2024 | 64.14% |
| Mar 31, 2024 | 69.78% |
| Dec 31, 2023 | 64.57% |
| Sep 30, 2023 | 84.71% |
| Jun 30, 2023 | 113.42% |
| Mar 31, 2023 | 77.46% |
| Dec 31, 2022 | 78.58% |
| Sep 30, 2022 | 48.23% |
| Jun 30, 2022 | 34.25% |
| Mar 31, 2022 | 50.44% |
| Dec 31, 2021 | 45.64% |
| Sep 30, 2021 | 42.10% |