Oil & Gas Exploration & Production
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5 / 10Stock Comparison
TXO vs VNOM vs BSM vs DMLP vs PBF
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Midstream
Oil & Gas Exploration & Production
Oil & Gas Exploration & Production
Oil & Gas Refining & Marketing
TXO vs VNOM vs BSM vs DMLP vs PBF — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Oil & Gas Exploration & Production | Oil & Gas Midstream | Oil & Gas Exploration & Production | Oil & Gas Exploration & Production | Oil & Gas Refining & Marketing |
| Market Cap | $691M | $17.62B | $2.83B | $1.26B | $4.77B |
| Revenue (TTM) | $355M | $1.60B | $468M | $169M | $29.33B |
| Net Income (TTM) | $-98M | $-46M | $297M | $69M | $-159M |
| Gross Margin | -4.5% | 46.3% | 78.0% | 39.0% | -1.9% |
| Operating Margin | -14.5% | 43.1% | 76.6% | 33.6% | -0.2% |
| Forward P/E | 21.0x | 20.7x | 14.7x | 21.7x | 7.4x |
| Total Debt | $291M | $2.19B | $154M | $777K | $2.90B |
| Cash & Equiv. | $9M | $13M | $1M | $42M | $528M |
TXO vs VNOM vs BSM vs DMLP vs PBF — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Jan 23 | May 26 | Return |
|---|---|---|---|
| TXO Partners, L.P. (TXO) | 100 | 55.8 | -44.2% |
| Viper Energy, Inc. (VNOM) | 100 | 148.0 | +48.0% |
| Black Stone Mineral… (BSM) | 100 | 82.0 | -18.0% |
| Dorchester Minerals… (DMLP) | 100 | 89.3 | -10.7% |
| PBF Energy Inc. (PBF) | 100 | 96.7 | -3.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: TXO vs VNOM vs BSM vs DMLP vs PBF
Each card shows where this stock fits in a portfolio — not just who wins on paper.
TXO is the #2 pick in this set and the best alternative if income & stability is your priority.
- Dividend streak 0 yrs, beta 0.05, yield 16.3%
- 16.3% yield, vs PBF's 2.7%
VNOM ranks third and is worth considering specifically for growth exposure.
- Rev growth 56.6%, EPS growth -112.6%, 3Y rev CAGR 15.8%
- 56.6% revenue growth vs PBF's -11.4%
BSM carries the broadest edge in this set and is the clearest fit for valuation efficiency.
- PEG 0.69 vs DMLP's 1.50
- Lower P/E (14.7x vs 21.7x), PEG 0.69 vs 1.50
- 63.5% margin vs TXO's -27.7%
- 30.7% ROA vs TXO's -7.7%, ROIC 16.1% vs 1.7%
DMLP is the clearest fit if your priority is long-term compounding and sleep-well-at-night.
- 270.1% 10Y total return vs VNOM's 245.5%
- Lower volatility, beta 0.04, Low D/E 0.3%, current ratio 15.54x
- Beta 0.04, yield 10.6%, current ratio 15.54x
- Beta 0.04 vs VNOM's 0.38, lower leverage
PBF is the clearest fit if your priority is momentum.
- +127.3% vs TXO's -16.4%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 56.6% revenue growth vs PBF's -11.4% | |
| Value | Lower P/E (14.7x vs 21.7x), PEG 0.69 vs 1.50 | |
| Quality / Margins | 63.5% margin vs TXO's -27.7% | |
| Stability / Safety | Beta 0.04 vs VNOM's 0.38, lower leverage | |
| Dividends | 16.3% yield, vs PBF's 2.7% | |
| Momentum (1Y) | +127.3% vs TXO's -16.4% | |
| Efficiency (ROA) | 30.7% ROA vs TXO's -7.7%, ROIC 16.1% vs 1.7% |
TXO vs VNOM vs BSM vs DMLP vs PBF — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
TXO vs VNOM vs BSM vs DMLP vs PBF — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
BSM leads in 2 of 6 categories
VNOM leads 1 • TXO leads 0 • DMLP leads 0 • PBF leads 0 • 3 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
BSM leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
PBF is the larger business by revenue, generating $29.3B annually — 174.0x DMLP's $169M. BSM is the more profitable business, keeping 63.5% of every revenue dollar as net income compared to TXO's -27.7%. On growth, VNOM holds the edge at +102.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $355M | $1.6B | $468M | $169M | $29.3B |
| EBITDAEarnings before interest/tax | $48M | $1.4B | $398M | $127M | $600M |
| Net IncomeAfter-tax profit | -$98M | -$46M | $297M | $69M | -$159M |
| Free Cash FlowCash after capex | -$144M | -$4.4B | $161M | $123M | -$783M |
| Gross MarginGross profit ÷ Revenue | -4.5% | +46.3% | +78.0% | +39.0% | -1.9% |
| Operating MarginEBIT ÷ Revenue | -14.5% | +43.1% | +76.6% | +33.6% | -0.2% |
| Net MarginNet income ÷ Revenue | -27.7% | -2.9% | +63.5% | +40.8% | -0.5% |
| FCF MarginFCF ÷ Revenue | -40.4% | -2.8% | +34.4% | +73.0% | -2.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | -66.5% | +102.4% | +63.5% | +36.4% | -2.9% |
| EPS Growth (YoY)Latest quarter vs prior year | -24.4% | -14.5% | -31.5% | +66.7% | +126.2% |
Valuation Metrics
Evenly matched — VNOM and PBF each lead in 2 of 6 comparable metrics.
Valuation Metrics
At 10.4x trailing earnings, BSM trades at a 52% valuation discount to DMLP's 21.7x P/E. Adjusting for growth (PEG ratio), BSM offers better value at 0.49x vs DMLP's 1.50x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $691M | $17.6B | $2.8B | $1.3B | $4.8B |
| Enterprise ValueMkt cap + debt − cash | $972M | $19.8B | $3.0B | $1.2B | $7.1B |
| Trailing P/EPrice ÷ TTM EPS | -29.07x | -97.88x | 10.43x | 21.73x | -29.20x |
| Forward P/EPrice ÷ next-FY EPS est. | 21.01x | 20.74x | 14.67x | — | 7.36x |
| PEG RatioP/E ÷ EPS growth rate | — | — | 0.49x | 1.50x | — |
| EV / EBITDAEnterprise value multiple | 8.18x | 16.69x | 9.99x | 9.84x | 11.74x |
| Price / SalesMarket cap ÷ Revenue | 1.68x | 13.09x | 6.71x | 8.23x | 0.16x |
| Price / BookPrice ÷ Book value/share | 0.68x | 0.65x | 2.51x | 4.07x | 0.86x |
| Price / FCFMarket cap ÷ FCF | — | — | 9.50x | 9.50x | — |
Profitability & Efficiency
BSM leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
BSM delivers a 35.5% return on equity — every $100 of shareholder capital generates $35 in annual profit, vs $-12 for TXO. DMLP carries lower financial leverage with a 0.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to PBF's 0.53x. On the Piotroski fundamental quality scale (0–9), BSM scores 5/9 vs PBF's 3/9, reflecting solid financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | -12.2% | -0.5% | +35.5% | +22.1% | -3.0% |
| ROA (TTM)Return on assets | -7.7% | -0.4% | +30.7% | +21.7% | -1.2% |
| ROICReturn on invested capital | +1.7% | +5.0% | +16.1% | +14.7% | -0.5% |
| ROCEReturn on capital employed | +2.1% | +6.6% | +20.9% | +17.2% | -0.6% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 3 | 5 | 5 | 3 |
| Debt / EquityFinancial leverage | 0.32x | 0.21x | 0.14x | 0.00x | 0.53x |
| Net DebtTotal debt minus cash | $282M | $2.2B | $153M | -$41M | $2.4B |
| Cash & Equiv.Liquid assets | $9M | $13M | $1M | $42M | $528M |
| Total DebtShort + long-term debt | $291M | $2.2B | $154M | $777,000 | $2.9B |
| Interest CoverageEBIT ÷ Interest expense | -1.67x | 2.67x | 40.14x | — | -3.01x |
Total Returns (Dividends Reinvested)
VNOM leads this category, winning 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in VNOM five years ago would be worth $30,312 today (with dividends reinvested), compared to $8,500 for TXO. Over the past 12 months, PBF leads with a +127.3% total return vs TXO's -16.4%. The 3-year compound annual growth rate (CAGR) favors VNOM at 25.6% vs TXO's -5.3% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | +16.5% | +22.5% | +1.0% | +17.5% | +43.2% |
| 1-Year ReturnPast 12 months | -16.4% | +25.0% | +7.3% | +5.3% | +127.3% |
| 3-Year ReturnCumulative with dividends | -15.1% | +98.1% | +14.4% | +23.6% | +33.5% |
| 5-Year ReturnCumulative with dividends | -15.0% | +203.1% | +94.7% | +175.1% | +164.8% |
| 10-Year ReturnCumulative with dividends | -15.0% | +245.5% | +60.6% | +270.1% | +70.2% |
| CAGR (3Y)Annualised 3-year return | -5.3% | +25.6% | +4.6% | +7.3% | +10.1% |
Risk & Volatility
Evenly matched — VNOM and DMLP each lead in 1 of 2 comparable metrics.
Risk & Volatility
DMLP is the less volatile stock with a 0.04 beta — it tends to amplify market swings less than VNOM's 0.38 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. VNOM currently trades 91.9% from its 52-week high vs TXO's 69.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.05x | 0.38x | 0.15x | 0.04x | 0.13x |
| 52-Week HighHighest price in past year | $17.90 | $51.13 | $15.49 | $28.95 | $52.18 |
| 52-Week LowLowest price in past year | $10.12 | $35.10 | $11.78 | $20.85 | $17.53 |
| % of 52W HighCurrent price vs 52-week peak | +69.8% | +91.9% | +86.2% | +90.1% | +77.8% |
| RSI (14)Momentum oscillator 0–100 | 51.4 | 50.6 | 35.2 | 31.5 | 47.5 |
| Avg Volume (50D)Average daily shares traded | 205K | 2.9M | 437K | 173K | 3.7M |
Analyst Outlook
Evenly matched — TXO and PBF each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: TXO as "Strong Buy", VNOM as "Buy", BSM as "Buy", PBF as "Hold". Consensus price targets imply 44.0% upside for TXO (target: $18) vs -6.4% for PBF (target: $38). For income investors, TXO offers the higher dividend yield at 16.30% vs PBF's 2.71%.
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Strong Buy | Buy | Buy | — | Hold |
| Price TargetConsensus 12-month target | $18.00 | $54.20 | $17.33 | — | $38.00 |
| # AnalystsCovering analysts | 2 | 42 | 16 | — | 26 |
| Dividend YieldAnnual dividend ÷ price | +16.3% | +4.9% | +10.1% | +10.6% | +2.7% |
| Dividend StreakConsecutive years of raises | 0 | 0 | 0 | 0 | 3 |
| Dividend / ShareAnnual DPS | $2.04 | $2.30 | $1.35 | $2.77 | $1.10 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +1.1% | +0.1% | 0.0% | 0.0% |
BSM leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). VNOM leads in 1 (Total Returns). 3 tied.
TXO vs VNOM vs BSM vs DMLP vs PBF: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is TXO or VNOM or BSM or DMLP or PBF a better buy right now?
For growth investors, Viper Energy, Inc.
(VNOM) is the stronger pick with 56. 6% revenue growth year-over-year, versus -11. 4% for PBF Energy Inc. (PBF). Black Stone Minerals, L. P. (BSM) offers the better valuation at 10. 4x trailing P/E (14. 7x forward), making it the more compelling value choice. Analysts rate TXO Partners, L. P. (TXO) a "Strong Buy" — based on 2 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — TXO or VNOM or BSM or DMLP or PBF?
On trailing P/E, Black Stone Minerals, L.
P. (BSM) is the cheapest at 10. 4x versus Dorchester Minerals, L. P. at 21. 7x. On forward P/E, PBF Energy Inc. is actually cheaper at 7. 4x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — TXO or VNOM or BSM or DMLP or PBF?
Over the past 5 years, Viper Energy, Inc.
(VNOM) delivered a total return of +203. 1%, compared to -15. 0% for TXO Partners, L. P. (TXO). Over 10 years, the gap is even starker: DMLP returned +270. 1% versus TXO's -15. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — TXO or VNOM or BSM or DMLP or PBF?
By beta (market sensitivity over 5 years), Dorchester Minerals, L.
P. (DMLP) is the lower-risk stock at 0. 04β versus Viper Energy, Inc. 's 0. 38β — meaning VNOM is approximately 842% more volatile than DMLP relative to the S&P 500. On balance sheet safety, Dorchester Minerals, L. P. (DMLP) carries a lower debt/equity ratio of 0% versus 53% for PBF Energy Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — TXO or VNOM or BSM or DMLP or PBF?
By revenue growth (latest reported year), Viper Energy, Inc.
(VNOM) is pulling ahead at 56. 6% versus -11. 4% for PBF Energy Inc. (PBF). On earnings-per-share growth, the picture is similar: PBF Energy Inc. grew EPS 69. 8% year-over-year, compared to -166. 2% for TXO Partners, L. P.. Over a 3-year CAGR, TXO leads at 18. 6% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — TXO or VNOM or BSM or DMLP or PBF?
Black Stone Minerals, L.
P. (BSM) is the more profitable company, earning 71. 0% net margin versus -5. 3% for TXO Partners, L. P. — meaning it keeps 71. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BSM leads at 61. 8% versus -0. 2% for PBF. At the gross margin level — before operating expenses — BSM leads at 74. 9%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is TXO or VNOM or BSM or DMLP or PBF more undervalued right now?
On forward earnings alone, PBF Energy Inc.
(PBF) trades at 7. 4x forward P/E versus 21. 0x for TXO Partners, L. P. — 13. 6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for TXO: 44. 0% to $18. 00.
08Which pays a better dividend — TXO or VNOM or BSM or DMLP or PBF?
All stocks in this comparison pay dividends.
TXO Partners, L. P. (TXO) offers the highest yield at 16. 3%, versus 2. 7% for PBF Energy Inc. (PBF).
09Is TXO or VNOM or BSM or DMLP or PBF better for a retirement portfolio?
For long-horizon retirement investors, Dorchester Minerals, L.
P. (DMLP) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 04), 10. 6% yield, +270. 1% 10Y return). Both have compounded well over 10 years (DMLP: +270. 1%, VNOM: +245. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between TXO and VNOM and BSM and DMLP and PBF?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: TXO is a small-cap high-growth stock; VNOM is a mid-cap high-growth stock; BSM is a small-cap deep-value stock; DMLP is a small-cap income-oriented stock; PBF is a small-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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