Black Stone Minerals (BSM) Return on Capital Employed (2014 - 2026)

Black Stone Minerals' (BSM) quarterly Return on Capital Employed came in at 23.76% in Q1 2026, up 431.0% year-on-year from 4.47% in Q1 2025, and down 1.53% on a QoQ basis from 24.12% in Q4 2025.

Black Stone Minerals (BSM) Return on Capital Employed (2014 - 2026) Analysis & Trends

Black Stone Minerals (BSM) has 13 years of Return on Capital Employed data on file, last reported at 23.76% in Q1 2026.

  • On a quarterly basis, Return on Capital Employed rose 431.0% year-over-year to 23.76% in Q1 2026; TTM through Mar 2026 was 23.76%, a 431.0% increase from a year earlier, with the FY2025 full-year figure at 24.62%, up 210.0% from the prior year.
  • Return on Capital Employed for Q1 2026 stood at 23.76%, down from 24.12% in the prior quarter.
  • Over the last five years, Return on Capital Employed for BSM reached as high as 49.54% in Q1 2023 and fell as low as 15.01% in Q1 2022.
  • Historically, Return on Capital Employed has averaged 29.83% across 5 years, with a median of 28.57% in 2024.
  • Across the five-year window, Return on Capital Employed surged 3452 bps in 2023 and sank 2070 bps in 2024, its largest moves.
  • Year by year, Return on Capital Employed stood at 38.91% in 2022, then fell by 11 bps to 34.59% in 2023, then slumped by 33 bps to 23.04% in 2024, then grew by 5 bps to 24.12% in 2025, then decreased by 2 bps to 23.76% in 2026.
  • Per Business Quant data, the three most recent Return on Capital Employed figures were 23.76% in Q1 2026, 24.12% in Q4 2025, and 22.49% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Conocophillips 141.43 Bn 135.06 Bn 9.48 Bn 22.86%
2 Eog Resources 74.61 Bn 70.76 Bn - 15.04%
3 Diamondback Energy 55.39 Bn 55.39 Bn 4.22 Bn -0.44%
4 Woodside Energy 41.28 Bn 35.34 Bn 2.71 Bn -
5 Occidental Petroleum 32.80 Bn 28.99 Bn 4.87 Bn 1.41%
6 Eqt 32.48 Bn 32.37 Bn 1.42 Bn 10.19%
7 Texas Pacific Land 27.36 Bn 27.11 Bn - 39.41%
8 Devon Energy 26.53 Bn 24.72 Bn 3.61 Bn 10.92%
9 Expand Energy 21.67 Bn 19.37 Bn 4.21 Bn 17.11%
10 Black Stone Minerals 3.16 Bn 3.14 Bn - 23.76%

Historic Data

Download Data
DateValue
Mar 31, 2026 23.76%
Dec 31, 2025 24.12%
Sep 30, 2025 22.49%
Jun 30, 2025 22.88%
Mar 31, 2025 19.45%
Dec 31, 2024 23.04%
Sep 30, 2024 31.22%
Jun 30, 2024 28.57%
Mar 31, 2024 28.84%
Dec 31, 2023 34.59%
Sep 30, 2023 38.15%
Jun 30, 2023 45.74%
Mar 31, 2023 49.54%
Dec 31, 2022 38.91%
Sep 30, 2022 36.09%
Jun 30, 2022 24.80%
Mar 31, 2022 15.01%
Dec 31, 2021 16.01%
Sep 30, 2021 7.50%
Jun 30, 2021 8.00%