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Side-by-side financial comparison of Black Stone Minerals, L.P. (BSM) and Climb Global Solutions, Inc. (CLMB). Click either name above to swap in a different company.
Climb Global Solutions, Inc. is the larger business by last-quarter revenue ($182.4M vs $95.2M, roughly 1.9× Black Stone Minerals, L.P.). Black Stone Minerals, L.P. runs the higher net margin — 75.9% vs 1.8%, a 74.1% gap on every dollar of revenue. On growth, Climb Global Solutions, Inc. posted the faster year-over-year revenue change (32.1% vs -8.7%). Over the past eight quarters, Climb Global Solutions, Inc.'s revenue compounded faster (40.7% CAGR vs -9.7%).
Black Stone Minerals, L.P., or Black Stone Minerals, is a Houston, Texas-based oil and natural gas corporation.
Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.
BSM vs CLMB — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $95.2M | $182.4M |
| Net Profit | $72.2M | $3.3M |
| Gross Margin | — | 14.5% |
| Operating Margin | 78.6% | 2.1% |
| Net Margin | 75.9% | 1.8% |
| Revenue YoY | -8.7% | 32.1% |
| Net Profit YoY | 55.8% | -9.5% |
| EPS (diluted) | — | $0.18 |
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 | — | $182.4M | ||
| Q4 25 | $95.2M | $193.8M | ||
| Q3 25 | $105.2M | $161.3M | ||
| Q2 25 | $106.7M | $159.3M | ||
| Q1 25 | $115.3M | $138.0M | ||
| Q4 24 | $104.3M | $161.8M | ||
| Q3 24 | $103.2M | $119.3M | ||
| Q2 24 | $115.2M | $92.1M |
| Q1 26 | — | $3.3M | ||
| Q4 25 | $72.2M | $7.0M | ||
| Q3 25 | $91.7M | $4.7M | ||
| Q2 25 | $120.0M | $6.0M | ||
| Q1 25 | $15.9M | $3.7M | ||
| Q4 24 | $46.3M | $7.0M | ||
| Q3 24 | $92.7M | $5.5M | ||
| Q2 24 | $68.3M | $3.4M |
| Q1 26 | — | 14.5% | ||
| Q4 25 | — | 15.4% | ||
| Q3 25 | — | 15.9% | ||
| Q2 25 | — | 16.5% | ||
| Q1 25 | — | 16.9% | ||
| Q4 24 | — | 19.3% | ||
| Q3 24 | — | 20.3% | ||
| Q2 24 | — | 20.2% |
| Q1 26 | — | 2.1% | ||
| Q4 25 | 78.6% | 4.9% | ||
| Q3 25 | 89.5% | 4.3% | ||
| Q2 25 | — | 5.0% | ||
| Q1 25 | 14.9% | 3.5% | ||
| Q4 24 | 45.6% | 7.2% | ||
| Q3 24 | 90.2% | 7.1% | ||
| Q2 24 | 59.5% | 4.6% |
| Q1 26 | — | 1.8% | ||
| Q4 25 | 75.9% | 3.6% | ||
| Q3 25 | 87.2% | 2.9% | ||
| Q2 25 | 112.5% | 3.7% | ||
| Q1 25 | 13.8% | 2.7% | ||
| Q4 24 | 44.4% | 4.3% | ||
| Q3 24 | 89.9% | 4.6% | ||
| Q2 24 | 59.3% | 3.7% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | — | $1.51 | ||
| Q3 25 | — | $1.02 | ||
| Q2 25 | — | $1.30 | ||
| Q1 25 | — | $0.81 | ||
| Q4 24 | — | $1.52 | ||
| Q3 24 | — | $1.19 | ||
| Q2 24 | — | $0.75 |
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 | $41.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $118.4M |
| Total Assets | $1.3B | $458.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $41.8M | ||
| Q4 25 | $1.5M | $36.6M | ||
| Q3 25 | $2.9M | $49.8M | ||
| Q2 25 | $2.5M | $28.6M | ||
| Q1 25 | $2.4M | $32.5M | ||
| Q4 24 | $2.5M | $29.8M | ||
| Q3 24 | $21.0M | $22.1M | ||
| Q2 24 | $26.7M | $48.4M |
| Q1 26 | — | $118.4M | ||
| Q4 25 | — | $116.6M | ||
| Q3 25 | — | $109.3M | ||
| Q2 25 | — | $105.2M | ||
| Q1 25 | — | $95.6M | ||
| Q4 24 | — | $90.6M | ||
| Q3 24 | — | $87.7M | ||
| Q2 24 | — | $79.8M |
| Q1 26 | — | $458.8M | ||
| Q4 25 | $1.3B | $460.2M | ||
| Q3 25 | $1.3B | $376.1M | ||
| Q2 25 | $1.3B | $420.7M | ||
| Q1 25 | $1.2B | $370.1M | ||
| Q4 24 | $1.2B | $469.2M | ||
| Q3 24 | $1.2B | $371.9M | ||
| Q2 24 | $1.2B | $302.8M |
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 | $-11.9M | ||
| Q3 25 | $99.8M | $22.2M | ||
| Q2 25 | $80.5M | $-2.2M | ||
| Q1 25 | $64.8M | $8.5M | ||
| Q4 24 | $91.0M | $16.0M | ||
| Q3 24 | $93.2M | $-3.6M | ||
| Q2 24 | $100.4M | $7.3M |
| Q1 26 | — | — | ||
| Q4 25 | 0.90× | -1.70× | ||
| Q3 25 | 1.09× | 4.73× | ||
| Q2 25 | 0.67× | -0.37× | ||
| Q1 25 | 4.07× | 2.30× | ||
| Q4 24 | 1.96× | 2.29× | ||
| Q3 24 | 1.01× | -0.66× | ||
| Q2 24 | 1.47× | 2.13× |
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% |
CLMB
Segment breakdown not available.
