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

Black Stone Minerals (BSM) has 13 years of Operating Margin data on file, last reported at 13.43% in Q1 2026.

• On a quarterly basis, Operating Margin fell 146.0% year-over-year to 13.43% in Q1 2026; TTM through Mar 2026 was 70.9%, a 1595.0% increase from a year earlier, with the FY2025 full-year figure at 73.02%, up 1005.0% from the prior year.
• Operating Margin for Q1 2026 stood at 13.43%, down from 105.26% in the prior quarter.
• Over the last five years, Operating Margin for BSM reached as high as 114.59% in Q2 2025 and fell as low as 15.78% in Q1 2022.
• Historically, Operating Margin has averaged 63.46% across 5 years, with a median of 71.03% in 2025.
• Across the five-year window, Operating Margin jumped 12632 bps in 2023 and plunged 5576 bps in 2024, its largest moves.
• Year by year, Operating Margin stood at 52.69% in 2022, then soared by 47 bps to 77.34% in 2023, then dropped by 27 bps to 56.76% in 2024, then jumped by 85 bps to 105.26% in 2025, then plunged by 87 bps to 13.43% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 13.43% in Q1 2026, 105.26% in Q4 2025, and 71.03% in Q3 2025.