Black Stone Minerals (BSM) Return on Capital Employed [ROCE] (2014 - 2026)
Black Stone Minerals (BSM) posted Return on Capital Employed [ROCE] of 19.54% for Q3 2026, down 2.95 percentage points from 22.49% a year earlier and down 2.72 percentage points from the prior quarter.
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Analysis
Black Stone Minerals (BSM) Return on Capital Employed [ROCE] (2014 - 2026) Analysis & Trends
For FY2025, Black Stone Minerals' Return on Capital Employed [ROCE] came in at 24.62%, up 2.10 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] shows a five-year change of +14.87 percentage points (FY2020 to FY2025).
- In prior years, Black Stone Minerals' Return on Capital Employed [ROCE] was 22.52% in FY2024 (-11.55 pp), 34.07% in FY2023 (-5.19 pp), 39.27% in FY2022 (+23.24 pp) and 16.03% in FY2021 (+6.27 pp).
- The Q3 2026 figure stands as the lowest quarterly Return on Capital Employed [ROCE] since Q1 2025.
- On a year-over-year basis, Return on Capital Employed [ROCE] increased in two of the last eight quarters, with an average year-over-year change of -4.19 percentage points.
- The strongest year-over-year quarter for Return on Capital Employed [ROCE] in the past five years was Q1 2023, with a gain of 34.52 percentage points; the weakest was Q1 2024, with a drop of 20.70 percentage points.
- According to Business Quant data, Return on Capital Employed [ROCE] for the three prior quarters was 22.26% (Q2 2026), 23.76% (Q1 2026) and 24.12% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 14.97% |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | 15.97% |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 13.86% |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | - |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | 7.67% |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 30.91% |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | - |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | - |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 26.83% |
| 10 | Black Stone Minerals | 3.03 Bn | 3.01 Bn | - | 19.54% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 19.54% |
| Jun 30, 2026 | 22.26% |
| 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% |
API Access
Black Stone Minerals Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=BSM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=BSM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();