Last 48 quarters of trend data · Energy · Oil & Gas Exploration & Production
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 11.38 | 7.43 | 135.97 | 10.72 | 8.21 | 6.17 | 94.03 | 20.28 | 9.21 | 13.51 | 14.80 | 6.14 | 15.95 | 11.39 | 6.54 | 5.14 | 5.22 | 5.80 | — | 4.30 | 60.25 |
| — | +20.4% | +44.6% | -47.1% | -10.8% | -54.3% | +535.5% | +230.3% | -42.3% | +18.6% | +126.3% | +19.3% | +205.8% | +96.4% | — | +19.5% | -91.3% | -89.2% | — | -69.1% | +253.3% | |
| P/S Ratio | 7.33 | 6.08 | 4.26 | 7.40 | 8.92 | 6.95 | 7.00 | 7.39 | 7.71 | 7.17 | 7.21 | 6.60 | 6.62 | 7.92 | 7.21 | 4.76 | 3.97 | 3.70 | 4.50 | 3.59 | 4.58 |
| — | -12.6% | -39.1% | +0.2% | +15.8% | -3.0% | -2.9% | +12.0% | +16.5% | -9.5% | -0.1% | +38.5% | +66.7% | +114.3% | +60.2% | +32.5% | -13.2% | -22.0% | -10.9% | -15.8% | -6.5% | |
| P/B Ratio | 2.74 | 2.67 | 2.99 | 2.51 | 2.47 | 2.69 | 3.03 | 2.73 | 2.72 | 2.85 | 2.86 | 2.96 | 3.08 | 2.76 | 2.85 | 3.13 | 3.13 | 2.95 | 2.82 | 2.18 | 2.55 |
| — | -0.9% | -1.3% | -8.2% | -9.3% | -5.5% | +5.8% | -7.7% | -11.7% | +3.1% | +0.5% | -5.7% | -1.5% | -6.3% | +1.0% | +44.0% | +22.7% | +34.9% | +61.8% | +66.5% | +113.7% | |
| P/FCF | 10.37 | 8.62 | 12.86 | 68.68 | 6.97 | 14.58 | 15.70 | 17.94 | 10.20 | 8.22 | 10.46 | 7.54 | 7.91 | 6.31 | 6.53 | 6.08 | 8.24 | 10.79 | 8.93 | 7.92 | 11.15 |
| — | -40.9% | -18.1% | +282.8% | -31.7% | +77.3% | +50.0% | +137.9% | +28.9% | +30.2% | +60.4% | +24.0% | -4.0% | -41.5% | -26.9% | -23.3% | -26.0% | +10.8% | +9.5% | +38.8% | +122.6% | |
| EV / EBITDA | 10.86 | 8.54 | 5.43 | 12.31 | 14.41 | 5.82 | 30.86 | 13.20 | 7.57 | 10.25 | 11.00 | 5.54 | 11.97 | 9.26 | 6.00 | 4.80 | 4.89 | 5.42 | 139.28 | 3.99 | 20.11 |
| — | +46.6% | -82.4% | -6.8% | +90.4% | -43.2% | +180.7% | +138.4% | -36.8% | +10.8% | +83.4% | +15.3% | +144.6% | +70.7% | -95.7% | +20.5% | -75.7% | -69.4% | +855.0% | -45.4% | +156.4% | |
| EV / EBIT | 12.45 | 7.18 | 50.90 | 9.90 | 7.62 | 6.26 | 47.37 | 16.35 | 8.45 | 11.88 | 12.88 | 5.95 | 14.21 | 10.45 | 6.49 | 5.12 | 5.25 | 5.91 | — | 4.41 | 37.21 |
| — | +14.6% | +7.5% | -39.5% | -9.9% | -47.3% | +267.8% | +174.8% | -40.5% | +13.7% | +98.5% | +16.1% | +170.8% | +76.9% | — | +16.1% | -85.9% | -82.7% | — | -62.8% | +167.4% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 74.9% | 81.3% | 86.3% | 68.7% | 66.5% | 80.1% | 81.4% | 77.1% | 74.8% | 76.2% | 76.8% | 78.0% | 77.0% | 75.3% | 78.3% | 84.5% | 85.1% | 83.3% | 82.1% | 80.0% | 76.3% |
| — | +1.5% | +6.0% | -10.8% | -11.0% | +5.1% | +6.0% | -1.2% | -2.9% | +1.2% | -2.0% | -7.7% | -9.5% | -9.7% | -4.6% | +5.7% | +11.5% | +10.4% | +23.8% | +41.3% | +54.9% | |
| Operating Margin | 61.8% | 68.1% | 77.3% | 53.9% | 50.7% | 114.6% | 14.9% | 45.6% | 90.2% | 59.5% | 54.8% | 108.2% | 45.4% | 74.5% | 110.5% | 93.0% | 77.0% | 64.1% | -3.7% | 84.2% | 12.8% |
| — | -40.5% | +419.3% | +18.4% | -43.8% | +92.7% | -72.8% | -57.9% | +98.9% | -20.2% | -50.4% | +16.4% | -41.0% | +16.3% | +3108.6% | +10.4% | +503.5% | +343.7% | -119.1% | +115.5% | -67.2% | |
| Net Margin | 71.0% | 87.1% | 7.0% | 75.9% | 117.8% | 112.5% | 13.8% | 44.4% | 89.9% | 59.3% | 54.7% | 108.3% | 45.4% | 74.2% | 109.9% | 92.1% | 76.2% | 63.4% | -4.5% | 83.4% | 11.8% |
| — | -22.6% | -49.1% | +70.8% | +31.0% | +89.6% | -74.7% | -59.0% | +98.0% | -20.0% | -50.2% | +17.6% | -40.4% | +16.9% | +2556.0% | +10.5% | +546.9% | +384.9% | -124.7% | +122.7% | -67.8% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 26.6% | 9.7% | 1.2% | 6.4% | 8.2% | 11.1% | 1.5% | 4.0% | 8.0% | 5.8% | 5.3% | 12.4% | 5.2% | 6.4% | 11.0% | 15.7% | 15.6% | 12.9% | -0.7% | 13.1% | 1.6% |
| — | -12.2% | -16.9% | +59.1% | +3.4% | +89.4% | -72.8% | -67.3% | +53.1% | -8.5% | -51.4% | -21.4% | -66.6% | -50.5% | +1717.2% | +20.0% | +866.9% | +762.6% | -144.0% | +358.0% | -27.5% | |
| ROA | 23.5% | 7.9% | 1.0% | 5.5% | 7.2% | 9.6% | 1.3% | 3.8% | 7.6% | 5.6% | 5.1% | 11.8% | 5.0% | 6.2% | 10.6% | 14.4% | 13.2% | 10.5% | -0.6% | 10.8% | 1.3% |
| — | -17.9% | -23.5% | +45.4% | -5.3% | +71.6% | -74.6% | -67.7% | +52.8% | -10.2% | -51.6% | -18.1% | -62.3% | -40.8% | +1977.6% | +34.0% | +919.1% | +739.6% | -143.0% | +343.9% | -26.1% | |
| ROIC | 16.1% | 4.9% | 8.7% | 3.1% | 2.5% | 7.9% | 1.1% | 3.1% | 6.1% | 4.5% | 4.2% | 9.8% | 4.1% | 5.0% | 8.3% | 11.6% | 11.1% | 9.2% | -0.4% | 9.1% | 1.2% |
| — | -38.1% | +665.4% | -0.3% | -59.9% | +74.3% | -73.1% | -68.3% | +50.3% | -8.6% | -49.5% | -15.6% | -63.3% | -46.0% | +2229.3% | +26.7% | +830.5% | +712.5% | -135.2% | +358.7% | -17.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.14 | 0.18 | 0.17 | 0.14 | 0.08 | 0.09 | 0.06 | 0.02 | — | — | — | — | — | — | — | 0.01 | 0.05 | 0.08 | 0.07 | 0.08 | 0.10 |
| — | +96.1% | +194.4% | +518.3% | — | — | — | — | — | — | — | — | — | — | — | -90.1% | -46.8% | -12.0% | -35.4% | -26.8% | -27.4% | |
| Debt / EBITDA | 0.51 | 2.12 | 1.20 | 2.55 | 1.91 | 0.75 | 2.37 | 0.43 | — | — | — | — | — | — | — | 0.05 | 0.33 | 0.59 | 13.35 | 0.59 | 3.05 |
| — | +181.0% | -49.3% | +500.0% | — | — | — | — | — | — | — | — | — | — | — | -91.5% | -89.2% | -79.7% | +295.0% | -74.8% | -6.5% | |
| Current Ratio | 3.88 | 3.76 | 2.34 | 3.88 | 4.37 | 3.22 | 1.35 | 2.58 | 5.61 | 4.23 | 5.34 | 7.48 | 4.94 | 10.26 | 14.38 | 5.64 | 2.25 | 1.25 | 0.73 | 1.40 | 0.71 |
| — | +16.6% | +72.8% | +50.4% | -22.2% | -23.9% | -74.7% | -65.5% | +13.6% | -58.8% | -62.9% | +32.5% | +119.6% | +723.5% | +1876.1% | +303.0% | +218.0% | +65.6% | -36.2% | -15.9% | -75.7% | |
| Quick Ratio | 3.88 | 3.76 | 2.34 | 3.88 | 4.37 | 3.22 | 1.35 | 2.58 | 5.61 | 4.23 | 5.34 | 7.48 | 4.31 | 7.26 | 14.38 | 4.62 | 2.25 | 1.25 | 0.73 | 1.40 | 0.71 |
| — | +16.6% | +72.8% | +50.4% | -22.2% | -23.9% | -74.7% | -65.5% | +30.2% | -41.7% | -62.9% | +61.9% | +91.7% | +482.6% | +1876.1% | +229.9% | +218.0% | +65.6% | -36.2% | -15.9% | -75.7% | |
| Interest Coverage | 34.59 | 28.87 | 4.95 | 26.46 | 38.81 | 53.88 | 12.42 | 42.01 | 129.08 | 110.14 | 102.63 | 220.06 | 100.95 | 122.54 | 166.16 | 91.61 | 100.51 | 97.76 | -4.79 | 94.13 | 12.90 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
High-probability breakout stocks crossing their pivot across 5 pattern engines.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying BSM stock.
Black Stone Minerals, L.P.'s current P/E is 11.4x. The average P/E over the last 4 quarters is 40.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Black Stone Minerals, L.P.'s current operating margin is 61.8%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Black Stone Minerals, L.P.'s business trajectory between earnings reports.