Black Stone Minerals, L.p. vs Granite Ridge Resources
Black Stone Minerals, L.p. and Granite Ridge Resources are similar in size: $470m and $450m of revenue in their latest fiscal years. Granite Ridge Resources grew faster (18.5% against 8.4%). Black Stone Minerals, L.p. kept more of each dollar of sales as profit: a net margin of 57.6% against 5.4%.
| Latest fiscal year | Black Stone Minerals, L.p.BSM, 2025 | Granite Ridge ResourcesGRNT, 2025 |
|---|---|---|
| Revenue | $470m | $450m |
| Revenue growth | 8.4% | 18.5% |
| Net income | $270m | $24.4m |
| Operating margin | 65.6% | 10.3% |
| Net margin | 57.6% | 5.4% |
| Return on equity | — | 3.9% |
| Free cash flow | $203m | $178m |
| Cash | $1.5m | $14.8m |
| Total debt | $154m | $400m |
| Debt to equity | — | 66.0% |
| Dividend per share | — | $0.44 |
| Dividend yield | — | 8.4% |
| Share buybacks | — | $16,000 |
| Employees | — | — |
| Market value | $3.13bn | $674m |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 94 (Strong) | — |
| Insider trades, 12 months | 7 buys, 8 sales | 35 buys, 0 sales |