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Side-by-side financial comparison of Burke & Herbert Financial Services Corp. (BHRB) and Black Stone Minerals, L.P. (BSM). Click either name above to swap in a different company.
Black Stone Minerals, L.P. is the larger business by last-quarter revenue ($95.2M vs $86.5M, roughly 1.1× Burke & Herbert Financial Services Corp.). Black Stone Minerals, L.P. runs the higher net margin — 75.9% vs 34.9%, a 40.9% gap on every dollar of revenue. On growth, Burke & Herbert Financial Services Corp. posted the faster year-over-year revenue change (4.9% vs -8.7%). Over the past eight quarters, Burke & Herbert Financial Services Corp.'s revenue compounded faster (81.1% CAGR vs -9.7%).
Burke & Herbert Financial Services Corp is a U.S.-based regional financial holding company, offering personal and commercial banking, wealth management, residential mortgage lending, and small business financing services. Its core market covers Virginia and adjacent Mid-Atlantic regions, serving retail consumers, SMEs, and high-net-worth clients.
Black Stone Minerals, L.P., or Black Stone Minerals, is a Houston, Texas-based oil and natural gas corporation.
BHRB vs BSM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $86.5M | $95.2M |
| Net Profit | $30.2M | $72.2M |
| Gross Margin | — | — |
| Operating Margin | 43.8% | 78.6% |
| Net Margin | 34.9% | 75.9% |
| Revenue YoY | 4.9% | -8.7% |
| Net Profit YoY | 52.8% | 55.8% |
| EPS (diluted) | $1.98 | — |
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 | $86.5M | $95.2M | ||
| Q3 25 | $85.4M | $105.2M | ||
| Q2 25 | $87.1M | $106.7M | ||
| Q1 25 | $83.0M | $115.3M | ||
| Q4 24 | $82.5M | $104.3M | ||
| Q3 24 | $83.8M | $103.2M | ||
| Q2 24 | $69.3M | $115.2M | ||
| Q1 24 | $26.4M | $116.8M |
| Q4 25 | $30.2M | $72.2M | ||
| Q3 25 | $30.0M | $91.7M | ||
| Q2 25 | $29.9M | $120.0M | ||
| Q1 25 | $27.2M | $15.9M | ||
| Q4 24 | $19.8M | $46.3M | ||
| Q3 24 | $27.6M | $92.7M | ||
| Q2 24 | $-16.9M | $68.3M | ||
| Q1 24 | $5.2M | $63.9M |
| Q4 25 | 43.8% | 78.6% | ||
| Q3 25 | 43.3% | 89.5% | ||
| Q2 25 | 42.7% | — | ||
| Q1 25 | 39.6% | 14.9% | ||
| Q4 24 | 24.6% | 45.6% | ||
| Q3 24 | 39.2% | 90.2% | ||
| Q2 24 | -27.5% | 59.5% | ||
| Q1 24 | 22.3% | 54.8% |
| Q4 25 | 34.9% | 75.9% | ||
| Q3 25 | 35.1% | 87.2% | ||
| Q2 25 | 34.3% | 112.5% | ||
| Q1 25 | 32.8% | 13.8% | ||
| Q4 24 | 24.0% | 44.4% | ||
| Q3 24 | 33.0% | 89.9% | ||
| Q2 24 | -24.4% | 59.3% | ||
| Q1 24 | 19.8% | 54.7% |
| Q4 25 | $1.98 | — | ||
| Q3 25 | $1.97 | — | ||
| Q2 25 | $1.97 | — | ||
| Q1 25 | $1.80 | — | ||
| Q4 24 | $1.72 | — | ||
| Q3 24 | $1.82 | — | ||
| Q2 24 | $-1.41 | — | ||
| Q1 24 | $0.69 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $854.6M | — |
| Total Assets | $7.9B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.5M | ||
| Q3 25 | — | $2.9M | ||
| Q2 25 | — | $2.5M | ||
| Q1 25 | — | $2.4M | ||
| Q4 24 | — | $2.5M | ||
| Q3 24 | — | $21.0M | ||
| Q2 24 | — | $26.7M | ||
| Q1 24 | — | $40.5M |
| Q4 25 | $854.6M | — | ||
| Q3 25 | $822.2M | — | ||
| Q2 25 | $780.0M | — | ||
| Q1 25 | $758.0M | — | ||
| Q4 24 | $730.2M | — | ||
| Q3 24 | $738.1M | — | ||
| Q2 24 | $693.1M | — | ||
| Q1 24 | $319.3M | — |
| Q4 25 | $7.9B | $1.3B | ||
| Q3 25 | $7.9B | $1.3B | ||
| Q2 25 | $8.1B | $1.3B | ||
| Q1 25 | $7.8B | $1.2B | ||
| Q4 24 | $7.8B | $1.2B | ||
| Q3 24 | $7.9B | $1.2B | ||
| Q2 24 | $7.8B | $1.2B | ||
| Q1 24 | $3.7B | $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 | $107.9M | $65.1M |
| Free Cash FlowOCF − Capex | $96.2M | — |
| FCF MarginFCF / Revenue | 111.2% | — |
| Capex IntensityCapex / Revenue | 13.5% | — |
| Cash ConversionOCF / Net Profit | 3.57× | 0.90× |
| TTM Free Cash FlowTrailing 4 quarters | $164.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $107.9M | $65.1M | ||
| Q3 25 | $39.3M | $99.8M | ||
| Q2 25 | $41.0K | $80.5M | ||
| Q1 25 | $37.6M | $64.8M | ||
| Q4 24 | $85.8M | $91.0M | ||
| Q3 24 | $47.8M | $93.2M | ||
| Q2 24 | $-46.0M | $100.4M | ||
| Q1 24 | $7.1M | $104.5M |
| Q4 25 | $96.2M | — | ||
| Q3 25 | $35.4M | — | ||
| Q2 25 | $-3.4M | — | ||
| Q1 25 | $35.9M | — | ||
| Q4 24 | $81.2M | — | ||
| Q3 24 | $46.0M | — | ||
| Q2 24 | $-47.0M | — | ||
| Q1 24 | $5.6M | — |
| Q4 25 | 111.2% | — | ||
| Q3 25 | 41.5% | — | ||
| Q2 25 | -3.9% | — | ||
| Q1 25 | 43.2% | — | ||
| Q4 24 | 98.5% | — | ||
| Q3 24 | 55.0% | — | ||
| Q2 24 | -67.8% | — | ||
| Q1 24 | 21.2% | — |
| Q4 25 | 13.5% | — | ||
| Q3 25 | 4.5% | — | ||
| Q2 25 | 3.9% | — | ||
| Q1 25 | 2.1% | — | ||
| Q4 24 | 5.5% | — | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 1.5% | — | ||
| Q1 24 | 5.7% | — |
| Q4 25 | 3.57× | 0.90× | ||
| Q3 25 | 1.31× | 1.09× | ||
| Q2 25 | 0.00× | 0.67× | ||
| Q1 25 | 1.38× | 4.07× | ||
| Q4 24 | 4.33× | 1.96× | ||
| Q3 24 | 1.73× | 1.01× | ||
| Q2 24 | — | 1.47× | ||
| Q1 24 | 1.36× | 1.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BHRB
Segment breakdown not available.
BSM
| Oil Reserves | $46.4M | 49% |
| Natural Gas Reserves | $44.1M | 46% |
| Real Estate | $4.7M | 5% |
