Black Stone Minerals (BSM) Net Margin (2014 - 2026)
Black Stone Minerals' Net Margin came in at 66.45% for Q2 2026, down 4.19 percentage points from 70.64% a year earlier but up 61.68 percentage points from the prior quarter.
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Analysis
Black Stone Minerals (BSM) Net Margin (2014 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Black Stone Minerals reported Net Margin of 48.49%, down 0.72 percentage points year-over-year; for FY2025, it came in at 57.56%, up 2.52 percentage points from FY2024.
- Net Margin carries a five-year change of +28.14 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was 55.04% in FY2024 (-12.63 pp), 67.67% in FY2023 (+9.60 pp), 58.08% in FY2022 (+26.24 pp) and 31.83% in FY2021 (+2.42 pp).
- The five-year range for quarterly Net Margin is -7.83% (Q1 2022) to 89.45% (Q4 2022).
- Year-over-year, Net Margin increased in four of the last eight quarters, with an average year-over-year change of -3.45 percentage points.
- The fastest year-over-year change in Net Margin over five years came in Q1 2023 (a gain of 81.83 percentage points), and the weakest in Q1 2025 (a drop of 40.99 percentage points).
- Business Quant data shows BSM's Net Margin at 4.77% (Q1 2026), 54.64% (Q4 2025) and 63.68% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 548.90 Bn | 459.45 Bn | 30.13 Bn | 11.43% |
| 2 | Chevron | 407.58 Bn | 385.38 Bn | 33.45 Bn | 17.23% |
| 3 | TotalEnergies SE | 199.37 Bn | 82.49 Bn | - | 8.80% |
| 4 | Eni Spa | 174.90 Bn | 124.42 Bn | - | 13.62% |
| 5 | Conocophillips | 151.32 Bn | 124.03 Bn | 12.81 Bn | 20.14% |
| 6 | Equinor Asa | 105.71 Bn | 51.77 Bn | - | 9.17% |
| 7 | Phillips 66 | 101.18 Bn | 90.17 Bn | 8.38 Bn | 7.39% |
| 8 | Canadian Natural Resources | 99.04 Bn | 95.99 Bn | - | 30.55% |
| 9 | Suncor Energy | 82.08 Bn | 67.87 Bn | - | 21.33% |
| 10 | Black Stone Minerals | 3.07 Bn | 3.06 Bn | - | 66.45% |
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% |
API Access
Black Stone Minerals Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=BSM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "BSM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=BSM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();