Black Stone Minerals (BSM) Operating Margin (2014 - 2026)

Black Stone Minerals (BSM) has reported Operating Margin for 13 consecutive years, with 73.89% the latest figure, recorded in Q2 2026.

• On a quarterly basis, Operating Margin fell 278.0% year-over-year to 73.89% in Q2 2026; TTM through Jun 2026 was 56.42%, a 30.0% increase from a year earlier, with the FY2025 full-year figure at 65.63%, up 348.0% from the prior year.
• Operating Margin was 73.89% for Q2 2026 at Black Stone Minerals, up from 13.43% in the prior quarter.
• Over five years, Operating Margin peaked at 92.97% in Q4 2022 and troughed at 3.67% in Q1 2022.
• A 5-year average of 58.18% and a median of 65.69% in 2022 frame the typical range for Operating Margin.
• Across the five-year window, Operating Margin surged 8112 bps in 2023 and plunged 3989 bps in 2025, its largest moves.
• Over 5 years, Operating Margin stood at 92.97% in 2022, then declined by 17 bps to 77.34% in 2023, then plunged by 31 bps to 53.12% in 2024, then climbed by 19 bps to 63.06% in 2025, then advanced by 17 bps to 73.89% in 2026.
• The last three Operating Margin figures came in at 73.89% (Q2 2026), 13.43% (Q1 2026), and 63.06% (Q4 2025), per Business Quant data.