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Side-by-side financial comparison of Black Stone Minerals, L.P. (BSM) and BYLINE BANCORP, INC. (BY). Click either name above to swap in a different company.
BYLINE BANCORP, INC. is the larger business by last-quarter revenue ($112.4M vs $95.2M, roughly 1.2× Black Stone Minerals, L.P.). Black Stone Minerals, L.P. runs the higher net margin — 75.9% vs 33.4%, a 42.5% gap on every dollar of revenue. On growth, BYLINE BANCORP, INC. posted the faster year-over-year revenue change (9.0% vs -8.7%). Over the past eight quarters, BYLINE BANCORP, INC.'s revenue compounded faster (6.4% CAGR vs -9.7%).
Black Stone Minerals, L.P., or Black Stone Minerals, is a Houston, Texas-based oil and natural gas corporation.
Byline Bank is a bank headquartered in Chicago, Illinois, United States. It is the primary subsidiary of Byline Bancorp, Inc., a bank holding company, and the 4th largest SBA 7(a) lender.
BSM vs BY — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $95.2M | $112.4M |
| Net Profit | $72.2M | $37.6M |
| Gross Margin | — | — |
| Operating Margin | 78.6% | — |
| Net Margin | 75.9% | 33.4% |
| Revenue YoY | -8.7% | 9.0% |
| Net Profit YoY | 55.8% | 33.0% |
| EPS (diluted) | — | $0.83 |
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.
| Q1 26 | — | $112.4M | ||
| Q4 25 | $95.2M | $117.0M | ||
| Q3 25 | $105.2M | $115.7M | ||
| Q2 25 | $106.7M | $110.5M | ||
| Q1 25 | $115.3M | $103.1M | ||
| Q4 24 | $104.3M | $104.7M | ||
| Q3 24 | $103.2M | $101.8M | ||
| Q2 24 | $115.2M | $99.4M |
| Q1 26 | — | $37.6M | ||
| Q4 25 | $72.2M | $34.5M | ||
| Q3 25 | $91.7M | $37.2M | ||
| Q2 25 | $120.0M | $30.1M | ||
| Q1 25 | $15.9M | $28.2M | ||
| Q4 24 | $46.3M | $30.3M | ||
| Q3 24 | $92.7M | $30.3M | ||
| Q2 24 | $68.3M | $29.7M |
| Q1 26 | — | — | ||
| Q4 25 | 78.6% | 40.1% | ||
| Q3 25 | 89.5% | 43.1% | ||
| Q2 25 | — | 35.2% | ||
| Q1 25 | 14.9% | 36.4% | ||
| Q4 24 | 45.6% | 38.6% | ||
| Q3 24 | 90.2% | 39.3% | ||
| Q2 24 | 59.5% | 40.4% |
| Q1 26 | — | 33.4% | ||
| Q4 25 | 75.9% | 34.1% | ||
| Q3 25 | 87.2% | 32.1% | ||
| Q2 25 | 112.5% | 27.2% | ||
| Q1 25 | 13.8% | 27.4% | ||
| Q4 24 | 44.4% | 34.3% | ||
| Q3 24 | 89.9% | 29.8% | ||
| Q2 24 | 59.3% | 29.9% |
| Q1 26 | — | $0.83 | ||
| Q4 25 | — | $0.77 | ||
| Q3 25 | — | $0.82 | ||
| Q2 25 | — | $0.66 | ||
| Q1 25 | — | $0.64 | ||
| Q4 24 | — | $0.68 | ||
| Q3 24 | — | $0.69 | ||
| Q2 24 | — | $0.68 |
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 | $198.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $1.3B |
| Total Assets | $1.3B | $9.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $198.4M | ||
| Q4 25 | $1.5M | $149.1M | ||
| Q3 25 | $2.9M | $259.0M | ||
| Q2 25 | $2.5M | $218.3M | ||
| Q1 25 | $2.4M | $421.3M | ||
| Q4 24 | $2.5M | $563.1M | ||
| Q3 24 | $21.0M | $452.6M | ||
| Q2 24 | $26.7M | $730.5M |
| Q1 26 | — | $1.3B | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.0B |
| Q1 26 | — | $9.9B | ||
| Q4 25 | $1.3B | $9.7B | ||
| Q3 25 | $1.3B | $9.8B | ||
| Q2 25 | $1.3B | $9.7B | ||
| Q1 25 | $1.2B | $9.6B | ||
| Q4 24 | $1.2B | $9.5B | ||
| Q3 24 | $1.2B | $9.4B | ||
| Q2 24 | $1.2B | $9.6B |
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 | $65.1M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.90× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $65.1M | $140.3M | ||
| Q3 25 | $99.8M | $38.3M | ||
| Q2 25 | $80.5M | $16.3M | ||
| Q1 25 | $64.8M | $27.1M | ||
| Q4 24 | $91.0M | $175.2M | ||
| Q3 24 | $93.2M | $19.8M | ||
| Q2 24 | $100.4M | $40.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $136.3M | ||
| Q3 25 | — | $38.0M | ||
| Q2 25 | — | $15.2M | ||
| Q1 25 | — | $25.0M | ||
| Q4 24 | — | $171.2M | ||
| Q3 24 | — | $19.1M | ||
| Q2 24 | — | $39.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 116.5% | ||
| Q3 25 | — | 32.8% | ||
| Q2 25 | — | 13.7% | ||
| Q1 25 | — | 24.3% | ||
| Q4 24 | — | 163.5% | ||
| Q3 24 | — | 18.8% | ||
| Q2 24 | — | 39.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | 0.90× | 4.06× | ||
| Q3 25 | 1.09× | 1.03× | ||
| Q2 25 | 0.67× | 0.54× | ||
| Q1 25 | 4.07× | 0.96× | ||
| Q4 24 | 1.96× | 5.78× | ||
| Q3 24 | 1.01× | 0.65× | ||
| Q2 24 | 1.47× | 1.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BSM
| Oil Reserves | $46.4M | 49% |
| Natural Gas Reserves | $44.1M | 46% |
| Real Estate | $4.7M | 5% |
BY
Segment breakdown not available.
