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Side-by-side financial comparison of Black Stone Minerals, L.P. (BSM) and CareTrust REIT, Inc. (CTRE). Click either name above to swap in a different company.
CareTrust REIT, Inc. is the larger business by last-quarter revenue ($134.9M vs $95.2M, roughly 1.4× Black Stone Minerals, L.P.). CareTrust REIT, Inc. runs the higher net margin — 82.5% vs 75.9%, a 6.6% gap on every dollar of revenue. On growth, CareTrust REIT, Inc. posted the faster year-over-year revenue change (55.1% vs -8.7%). Over the past eight quarters, CareTrust REIT, Inc.'s revenue compounded faster (46.2% CAGR vs -9.7%).
Black Stone Minerals, L.P., or Black Stone Minerals, is a Houston, Texas-based oil and natural gas corporation.
CareTrust REIT, Inc.CTREEarnings & Financial Report
Target Healthcare REIT is a British property investment company which invests in healthcare properties and holds a large portfolio of care homes. It is structured as a real estate investment trust (REIT) and is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
BSM vs CTRE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $95.2M | $134.9M |
| Net Profit | $72.2M | $111.3M |
| Gross Margin | — | — |
| Operating Margin | 78.6% | — |
| Net Margin | 75.9% | 82.5% |
| Revenue YoY | -8.7% | 55.1% |
| Net Profit YoY | 55.8% | 113.5% |
| EPS (diluted) | — | $0.52 |
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 | $134.9M | ||
| Q3 25 | $105.2M | $132.4M | ||
| Q2 25 | $106.7M | $112.5M | ||
| Q1 25 | $115.3M | $96.6M | ||
| Q4 24 | $104.3M | $86.9M | ||
| Q3 24 | $103.2M | $77.4M | ||
| Q2 24 | $115.2M | $68.9M | ||
| Q1 24 | $116.8M | $63.1M |
| Q4 25 | $72.2M | $111.3M | ||
| Q3 25 | $91.7M | $74.9M | ||
| Q2 25 | $120.0M | $68.5M | ||
| Q1 25 | $15.9M | $65.8M | ||
| Q4 24 | $46.3M | $52.1M | ||
| Q3 24 | $92.7M | $33.4M | ||
| Q2 24 | $68.3M | $10.8M | ||
| Q1 24 | $63.9M | $28.7M |
| Q4 25 | 78.6% | — | ||
| Q3 25 | 89.5% | 58.1% | ||
| Q2 25 | — | 61.3% | ||
| Q1 25 | 14.9% | — | ||
| Q4 24 | 45.6% | — | ||
| Q3 24 | 90.2% | 43.0% | ||
| Q2 24 | 59.5% | 15.1% | ||
| Q1 24 | 54.8% | — |
| Q4 25 | 75.9% | 82.5% | ||
| Q3 25 | 87.2% | 56.6% | ||
| Q2 25 | 112.5% | 60.9% | ||
| Q1 25 | 13.8% | 68.1% | ||
| Q4 24 | 44.4% | 60.0% | ||
| Q3 24 | 89.9% | 43.2% | ||
| Q2 24 | 59.3% | 15.6% | ||
| Q1 24 | 54.7% | 45.6% |
| Q4 25 | — | $0.52 | ||
| Q3 25 | — | $0.35 | ||
| Q2 25 | — | $0.35 | ||
| Q1 25 | — | $0.35 | ||
| Q4 24 | — | $0.30 | ||
| Q3 24 | — | $0.21 | ||
| Q2 24 | — | $0.07 | ||
| Q1 24 | — | $0.22 |
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 | $198.0M |
| Total DebtLower is stronger | — | $894.2M |
| Stockholders' EquityBook value | — | $4.0B |
| Total Assets | $1.3B | $5.1B |
| Debt / EquityLower = less leverage | — | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $198.0M | ||
| Q3 25 | $2.9M | $712.5M | ||
| Q2 25 | $2.5M | $306.1M | ||
| Q1 25 | $2.4M | $26.5M | ||
| Q4 24 | $2.5M | $213.8M | ||
| Q3 24 | $21.0M | $377.1M | ||
| Q2 24 | $26.7M | $495.1M | ||
| Q1 24 | $40.5M | $451.2M |
| Q4 25 | — | $894.2M | ||
| Q3 25 | — | $893.8M | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $822.1M | ||
| Q4 24 | — | $396.9M | ||
| Q3 24 | — | $396.7M | ||
| Q2 24 | — | $671.1M | ||
| Q1 24 | — | $595.9M |
| Q4 25 | — | $4.0B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $3.3B | ||
| Q1 25 | — | $2.9B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $1.9B | ||
| Q1 24 | — | $1.7B |
| Q4 25 | $1.3B | $5.1B | ||
| Q3 25 | $1.3B | $5.1B | ||
| Q2 25 | $1.3B | $4.7B | ||
| Q1 25 | $1.2B | $3.9B | ||
| Q4 24 | $1.2B | $3.4B | ||
| Q3 24 | $1.2B | $2.9B | ||
| Q2 24 | $1.2B | $2.7B | ||
| Q1 24 | $1.2B | $2.3B |
| Q4 25 | — | 0.22× | ||
| Q3 25 | — | 0.22× | ||
| Q2 25 | — | 0.35× | ||
| Q1 25 | — | 0.28× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.35× | ||
| Q1 24 | — | 0.36× |
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 | $394.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.90× | 3.54× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $65.1M | $394.0M | ||
| Q3 25 | $99.8M | $100.9M | ||
| Q2 25 | $80.5M | $100.8M | ||
| Q1 25 | $64.8M | $71.4M | ||
| Q4 24 | $91.0M | $244.3M | ||
| Q3 24 | $93.2M | $67.2M | ||
| Q2 24 | $100.4M | $53.0M | ||
| Q1 24 | $104.5M | $48.8M |
| Q4 25 | 0.90× | 3.54× | ||
| Q3 25 | 1.09× | 1.35× | ||
| Q2 25 | 0.67× | 1.47× | ||
| Q1 25 | 4.07× | 1.08× | ||
| Q4 24 | 1.96× | 4.68× | ||
| Q3 24 | 1.01× | 2.01× | ||
| Q2 24 | 1.47× | 4.92× | ||
| Q1 24 | 1.63× | 1.70× |
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% |
CTRE
Segment breakdown not available.
