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Side-by-side financial comparison of Black Stone Minerals, L.P. (BSM) and Chatham Lodging Trust (CLDT). 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 $67.7M, roughly 1.4× Chatham Lodging Trust). Black Stone Minerals, L.P. runs the higher net margin — 75.9% vs 6.8%, a 69.1% gap on every dollar of revenue. On growth, Black Stone Minerals, L.P. posted the faster year-over-year revenue change (-8.7% vs -9.8%). Over the past eight quarters, Chatham Lodging Trust's revenue compounded faster (-0.5% CAGR vs -9.7%).
Black Stone Minerals, L.P., or Black Stone Minerals, is a Houston, Texas-based oil and natural gas corporation.
Chatham Lodging Trust is a publicly traded real estate investment trust that invests in, owns, and operates upscale extended-stay and select-service premium hotel properties primarily across high-demand urban and suburban markets in the United States. Its portfolio targets assets with strong occupancy rates and steady cash flow from business and leisure traveler segments.
BSM vs CLDT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $95.2M | $67.7M |
| Net Profit | $72.2M | $4.6M |
| Gross Margin | — | — |
| Operating Margin | 78.6% | 15.9% |
| Net Margin | 75.9% | 6.8% |
| Revenue YoY | -8.7% | -9.8% |
| Net Profit YoY | 55.8% | 369.9% |
| EPS (diluted) | — | $0.05 |
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 | $95.2M | $67.7M | ||
| Q3 25 | $105.2M | $78.4M | ||
| Q2 25 | $106.7M | $80.3M | ||
| Q1 25 | $115.3M | $68.6M | ||
| Q4 24 | $104.3M | $75.1M | ||
| Q3 24 | $103.2M | $87.2M | ||
| Q2 24 | $115.2M | $86.5M | ||
| Q1 24 | $116.8M | $68.4M |
| Q4 25 | $72.2M | $4.6M | ||
| Q3 25 | $91.7M | $3.5M | ||
| Q2 25 | $120.0M | $5.4M | ||
| Q1 25 | $15.9M | $1.5M | ||
| Q4 24 | $46.3M | $-1.7M | ||
| Q3 24 | $92.7M | $4.3M | ||
| Q2 24 | $68.3M | $6.8M | ||
| Q1 24 | $63.9M | $-5.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 40.7% | ||
| Q3 24 | — | 44.7% | ||
| Q2 24 | — | 46.1% | ||
| Q1 24 | — | 38.9% |
| Q4 25 | 78.6% | 15.9% | ||
| Q3 25 | 89.5% | 12.7% | ||
| Q2 25 | — | 14.8% | ||
| Q1 25 | 14.9% | 12.1% | ||
| Q4 24 | 45.6% | 7.5% | ||
| Q3 24 | 90.2% | 14.3% | ||
| Q2 24 | 59.5% | 16.3% | ||
| Q1 24 | 54.8% | 1.4% |
| Q4 25 | 75.9% | 6.8% | ||
| Q3 25 | 87.2% | 4.5% | ||
| Q2 25 | 112.5% | 6.7% | ||
| Q1 25 | 13.8% | 2.2% | ||
| Q4 24 | 44.4% | -2.3% | ||
| Q3 24 | 89.9% | 4.9% | ||
| Q2 24 | 59.3% | 7.9% | ||
| Q1 24 | 54.7% | -7.6% |
| Q4 25 | — | $0.05 | ||
| Q3 25 | — | $0.03 | ||
| Q2 25 | — | $0.07 | ||
| Q1 25 | — | $-0.01 | ||
| Q4 24 | — | $-0.08 | ||
| Q3 24 | — | $0.05 | ||
| Q2 24 | — | $0.10 | ||
| Q1 24 | — | $-0.15 |
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 | $24.4M |
| Total DebtLower is stronger | — | $338.9M |
| Stockholders' EquityBook value | — | $740.8M |
| Total Assets | $1.3B | $1.2B |
| Debt / EquityLower = less leverage | — | 0.46× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $24.4M | ||
| Q3 25 | $2.9M | $13.2M | ||
| Q2 25 | $2.5M | $17.2M | ||
| Q1 25 | $2.4M | $18.6M | ||
| Q4 24 | $2.5M | $20.2M | ||
| Q3 24 | $21.0M | $19.3M | ||
| Q2 24 | $26.7M | $10.6M | ||
| Q1 24 | $40.5M | $72.3M |
| Q4 25 | — | $338.9M | ||
| Q3 25 | — | $338.8M | ||
| Q2 25 | — | $351.2M | ||
| Q1 25 | — | $381.1M | ||
| Q4 24 | — | $406.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $740.8M | ||
| Q3 25 | — | $749.4M | ||
| Q2 25 | — | $754.1M | ||
| Q1 25 | — | $754.7M | ||
| Q4 24 | — | $758.2M | ||
| Q3 24 | — | $765.3M | ||
| Q2 24 | — | $766.5M | ||
| Q1 24 | — | $765.0M |
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.2B | $1.2B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $1.2B | $1.3B | ||
| Q1 24 | $1.2B | $1.3B |
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.54× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $64.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.90× | 13.90× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $65.1M | $64.1M | ||
| Q3 25 | $99.8M | $25.6M | ||
| Q2 25 | $80.5M | $22.1M | ||
| Q1 25 | $64.8M | $4.2M | ||
| Q4 24 | $91.0M | $73.8M | ||
| Q3 24 | $93.2M | $28.8M | ||
| Q2 24 | $100.4M | $25.2M | ||
| Q1 24 | $104.5M | $6.9M |
| Q4 25 | 0.90× | 13.90× | ||
| Q3 25 | 1.09× | 7.24× | ||
| Q2 25 | 0.67× | 4.10× | ||
| Q1 25 | 4.07× | 2.73× | ||
| Q4 24 | 1.96× | — | ||
| Q3 24 | 1.01× | 6.78× | ||
| Q2 24 | 1.47× | 3.68× | ||
| Q1 24 | 1.63× | — |
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% |
CLDT
| Occupancy | $61.5M | 91% |
| Hotel Other | $4.2M | 6% |
| Food And Beverage | $1.8M | 3% |
| Hotel | $1.1M | 2% |
