Black Stone Minerals (BSM) Net Margin (2014 - 2026)
Black Stone Minerals' Net Margin came in at 34.65% for Q3 2026, down 29.04 percentage points from 63.68% a year earlier and down 31.80 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 Sep 30, 2026, Black Stone Minerals reported Net Margin of 41.18%, down 8.06 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 has declined for three consecutive quarters, with an average year-over-year change of -9.80 percentage points over the last eight quarters.
- 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 66.45% (Q2 2026), 4.77% (Q1 2026) and 54.64% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 13.62% |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | 588.80% |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 14.64% |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | 12.37% |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | 13.41% |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 19.95% |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | 8.61% |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | 19.16% |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 10.90% |
| 10 | Black Stone Minerals | 3.03 Bn | 3.01 Bn | - | 34.65% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 34.65% |
| 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% |
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();