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Side-by-side financial comparison of Arlo Technologies, Inc. (ARLO) and Black Stone Minerals, L.P. (BSM). Click either name above to swap in a different company.
Arlo Technologies, Inc. is the larger business by last-quarter revenue ($141.3M vs $95.2M, roughly 1.5× Black Stone Minerals, L.P.). Black Stone Minerals, L.P. runs the higher net margin — 75.9% vs 4.1%, a 71.8% gap on every dollar of revenue. On growth, Arlo Technologies, Inc. posted the faster year-over-year revenue change (16.2% vs -8.7%). Over the past eight quarters, Arlo Technologies, Inc.'s revenue compounded faster (6.7% CAGR vs -9.7%).
Arlo Technologies is an American company that makes wireless surveillance cameras. Prior to an initial public offering (IPO) on the New York Stock Exchange in August 2018, Arlo was a brand of such products by Netgear, which retained majority control after the IPO.
Black Stone Minerals, L.P., or Black Stone Minerals, is a Houston, Texas-based oil and natural gas corporation.
ARLO vs BSM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $141.3M | $95.2M |
| Net Profit | $5.8M | $72.2M |
| Gross Margin | 46.4% | — |
| Operating Margin | 3.3% | 78.6% |
| Net Margin | 4.1% | 75.9% |
| Revenue YoY | 16.2% | -8.7% |
| Net Profit YoY | 218.6% | 55.8% |
| EPS (diluted) | $0.06 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $141.3M | $95.2M | ||
| Q3 25 | $139.5M | $105.2M | ||
| Q2 25 | $129.4M | $106.7M | ||
| Q1 25 | $119.1M | $115.3M | ||
| Q4 24 | $121.6M | $104.3M | ||
| Q3 24 | $137.7M | $103.2M | ||
| Q2 24 | $127.4M | $115.2M | ||
| Q1 24 | $124.2M | $116.8M |
| Q4 25 | $5.8M | $72.2M | ||
| Q3 25 | $6.9M | $91.7M | ||
| Q2 25 | $3.1M | $120.0M | ||
| Q1 25 | $-835.0K | $15.9M | ||
| Q4 24 | $-4.9M | $46.3M | ||
| Q3 24 | $-4.4M | $92.7M | ||
| Q2 24 | $-11.6M | $68.3M | ||
| Q1 24 | $-9.6M | $63.9M |
| Q4 25 | 46.4% | — | ||
| Q3 25 | 40.5% | — | ||
| Q2 25 | 44.9% | — | ||
| Q1 25 | 44.3% | — | ||
| Q4 24 | 36.9% | — | ||
| Q3 24 | 35.2% | — | ||
| Q2 24 | 36.8% | — | ||
| Q1 24 | 38.1% | — |
| Q4 25 | 3.3% | 78.6% | ||
| Q3 25 | 0.6% | 89.5% | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | -1.2% | 14.9% | ||
| Q4 24 | -5.0% | 45.6% | ||
| Q3 24 | -4.0% | 90.2% | ||
| Q2 24 | -10.0% | 59.5% | ||
| Q1 24 | -8.5% | 54.8% |
| Q4 25 | 4.1% | 75.9% | ||
| Q3 25 | 4.9% | 87.2% | ||
| Q2 25 | 2.4% | 112.5% | ||
| Q1 25 | -0.7% | 13.8% | ||
| Q4 24 | -4.0% | 44.4% | ||
| Q3 24 | -3.2% | 89.9% | ||
| Q2 24 | -9.1% | 59.3% | ||
| Q1 24 | -7.8% | 54.7% |
| Q4 25 | $0.06 | — | ||
| Q3 25 | $0.06 | — | ||
| Q2 25 | $0.03 | — | ||
| Q1 25 | $-0.01 | — | ||
| Q4 24 | $-0.05 | — | ||
| Q3 24 | $-0.04 | — | ||
| Q2 24 | $-0.12 | — | ||
| Q1 24 | $-0.10 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $146.4M | $1.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $127.8M | — |
| Total Assets | $310.5M | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $146.4M | $1.5M | ||
| Q3 25 | $86.0M | $2.9M | ||
| Q2 25 | $71.2M | $2.5M | ||
| Q1 25 | $84.0M | $2.4M | ||
| Q4 24 | $82.0M | $2.5M | ||
| Q3 24 | $77.0M | $21.0M | ||
| Q2 24 | $62.9M | $26.7M | ||
| Q1 24 | $62.1M | $40.5M |
| Q4 25 | $127.8M | — | ||
| Q3 25 | $129.2M | — | ||
| Q2 25 | $118.3M | — | ||
| Q1 25 | $103.4M | — | ||
| Q4 24 | $100.9M | — | ||
| Q3 24 | $96.9M | — | ||
| Q2 24 | $99.3M | — | ||
| Q1 24 | $99.9M | — |
| Q4 25 | $310.5M | $1.3B | ||
| Q3 25 | $350.9M | $1.3B | ||
| Q2 25 | $319.7M | $1.3B | ||
| Q1 25 | $296.6M | $1.2B | ||
| Q4 24 | $298.4M | $1.2B | ||
| Q3 24 | $312.4M | $1.2B | ||
| Q2 24 | $295.8M | $1.2B | ||
| Q1 24 | $289.8M | $1.2B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $19.8M | $65.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 3.43× | 0.90× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.8M | $65.1M | ||
| Q3 25 | $19.2M | $99.8M | ||
| Q2 25 | $8.8M | $80.5M | ||
| Q1 25 | $30.9M | $64.8M | ||
| Q4 24 | $6.7M | $91.0M | ||
| Q3 24 | $18.4M | $93.2M | ||
| Q2 24 | $6.5M | $100.4M | ||
| Q1 24 | $19.8M | $104.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $28.1M | — | ||
| Q4 24 | $5.6M | — | ||
| Q3 24 | $17.4M | — | ||
| Q2 24 | $6.2M | — | ||
| Q1 24 | $19.4M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 23.6% | — | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 12.6% | — | ||
| Q2 24 | 4.8% | — | ||
| Q1 24 | 15.7% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.3% | — |
| Q4 25 | 3.43× | 0.90× | ||
| Q3 25 | 2.79× | 1.09× | ||
| Q2 25 | 2.83× | 0.67× | ||
| Q1 25 | — | 4.07× | ||
| Q4 24 | — | 1.96× | ||
| Q3 24 | — | 1.01× | ||
| Q2 24 | — | 1.47× | ||
| Q1 24 | — | 1.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARLO
| Subscriptions And Services | $89.4M | 63% |
| Products | $51.9M | 37% |
BSM
| Oil Reserves | $46.4M | 49% |
| Natural Gas Reserves | $44.1M | 46% |
| Real Estate | $4.7M | 5% |
