Black Stone Minerals (BSM) Net Margin (2014 - 2026)
Black Stone Minerals' (BSM) quarterly Net Margin came in at 66.45% in Q2 2026, down 419.0% year-over-year from 20.83% in Q2 2025, and up 1294.14% quarter-over-quarter from 4.77% in Q1 2026.
Analysis
Black Stone Minerals (BSM) Net Margin (2014 - 2026) Analysis & Trends
Black Stone Minerals (BSM) has reported Net Margin for 13 consecutive years, with 66.45% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Margin fell 419.0% year-over-year to 66.45% in Q2 2026; TTM through Jun 2026 was 48.49%, a 72.0% decrease from a year earlier, with the FY2025 full-year figure at 57.56%, up 252.0% from the prior year.
- Net Margin was 66.45% for Q2 2026 at Black Stone Minerals, up from 4.77% in the prior quarter.
- Over five years, Net Margin peaked at 89.45% in Q4 2022 and troughed at 7.83% in Q1 2022.
- A 5-year average of 52.47% and a median of 61.72% in 2023 frame the typical range for Net Margin.
- Across the five-year window, Net Margin soared 8183 bps in 2023 and sank 4099 bps in 2025, its largest moves.
- Over 5 years, Net Margin stood at 89.45% in 2022, then dropped by 17 bps to 74.21% in 2023, then sank by 41 bps to 43.57% in 2024, then increased by 25 bps to 54.64% in 2025, then rose by 22 bps to 66.45% in 2026.
- The last three Net Margin figures came in at 66.45% (Q2 2026), 4.77% (Q1 2026), and 54.64% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Viper Energy | 15.81 Bn | 20.98 Bn | - | 48.89% |
| 2 | Black Stone Minerals | 3.12 Bn | 3.11 Bn | - | 66.45% |
| 3 | Natural Resource Partners | 1.51 Bn | 1.48 Bn | 47.24 Mn | 46.58% |
| 4 | Kimbell Royalty Partners | 1.50 Bn | 1.46 Bn | - | 34.15% |
| 5 | Dorchester Minerals | 1.43 Bn | 1.36 Bn | - | 53.20% |
| 6 | Evolution Petroleum | 131.82 Mn | 126.78 Mn | 7.21 Mn | -44.29% |
| 7 | Altex Industries | 1.90 Mn | 1.90 Mn | - | - |
| 8 | Mentor Capital | 827,678.86 | 91,860.86 | 65,595.00 | -308.45% |
| 9 | Leopard Energy | 165,479.20 | 149,827.20 | 1,715.00 | -148.22% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 66.45% |
| Mar 31, 2026 | 4.77% |
| Dec 31, 2025 | 54.64% |
| Sep 30, 2025 | 63.68% |
| Jun 30, 2025 | 70.64% |
| Mar 31, 2025 | 7.45% |
| Dec 31, 2024 | 43.57% |
| Sep 30, 2024 | 63.30% |
| Jun 30, 2024 | 52.93% |
| Mar 31, 2024 | 48.43% |
| Dec 31, 2023 | 74.21% |
| Sep 30, 2023 | 41.56% |
| Jun 30, 2023 | 62.51% |
| Mar 31, 2023 | 74.00% |
| Dec 31, 2022 | 89.45% |
| Sep 30, 2022 | 73.81% |
| Jun 30, 2022 | 60.92% |
| Mar 31, 2022 | -7.83% |
| Dec 31, 2021 | 80.10% |
| Sep 30, 2021 | 7.95% |