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Side-by-side financial comparison of Black Stone Minerals, L.P. (BSM) and Civeo Corp (CVEO). Click either name above to swap in a different company.
Civeo Corp is the larger business by last-quarter revenue ($161.6M vs $95.2M, roughly 1.7× Black Stone Minerals, L.P.). Black Stone Minerals, L.P. runs the higher net margin — 75.9% vs -4.0%, a 79.9% gap on every dollar of revenue. On growth, Civeo Corp posted the faster year-over-year revenue change (7.1% vs -8.7%). Over the past eight quarters, Civeo Corp's revenue compounded faster (-1.4% CAGR vs -9.7%).
Black Stone Minerals, L.P., or Black Stone Minerals, is a Houston, Texas-based oil and natural gas corporation.
The Civeo Corporation is an American accommodation services multinational corporation. It is a spin-off of Oil States International. It is a public company listed on the New York Stock Exchange.
BSM vs CVEO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $95.2M | $161.6M |
| Net Profit | $72.2M | $-6.5M |
| Gross Margin | — | 22.7% |
| Operating Margin | 78.6% | -0.1% |
| Net Margin | 75.9% | -4.0% |
| Revenue YoY | -8.7% | 7.1% |
| Net Profit YoY | 55.8% | 58.1% |
| EPS (diluted) | — | $-0.58 |
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 | $161.6M | ||
| Q3 25 | $105.2M | $170.5M | ||
| Q2 25 | $106.7M | $162.7M | ||
| Q1 25 | $115.3M | $144.0M | ||
| Q4 24 | $104.3M | $151.0M | ||
| Q3 24 | $103.2M | $176.3M | ||
| Q2 24 | $115.2M | $188.7M | ||
| Q1 24 | $116.8M | $166.1M |
| Q4 25 | $72.2M | $-6.5M | ||
| Q3 25 | $91.7M | $-455.0K | ||
| Q2 25 | $120.0M | $-3.3M | ||
| Q1 25 | $15.9M | $-9.8M | ||
| Q4 24 | $46.3M | $-15.4M | ||
| Q3 24 | $92.7M | $-5.1M | ||
| Q2 24 | $68.3M | $8.2M | ||
| Q1 24 | $63.9M | $-5.1M |
| Q4 25 | — | 22.7% | ||
| Q3 25 | — | 25.7% | ||
| Q2 25 | — | 25.3% | ||
| Q1 25 | — | 20.4% | ||
| Q4 24 | — | 18.6% | ||
| Q3 24 | — | 21.4% | ||
| Q2 24 | — | 25.4% | ||
| Q1 24 | — | 21.5% |
| Q4 25 | 78.6% | -0.1% | ||
| Q3 25 | 89.5% | 4.1% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | 14.9% | -3.8% | ||
| Q4 24 | 45.6% | -6.7% | ||
| Q3 24 | 90.2% | 0.0% | ||
| Q2 24 | 59.5% | 6.9% | ||
| Q1 24 | 54.8% | -1.1% |
| Q4 25 | 75.9% | -4.0% | ||
| Q3 25 | 87.2% | -0.3% | ||
| Q2 25 | 112.5% | -2.0% | ||
| Q1 25 | 13.8% | -6.8% | ||
| Q4 24 | 44.4% | -10.2% | ||
| Q3 24 | 89.9% | -2.9% | ||
| Q2 24 | 59.3% | 4.4% | ||
| Q1 24 | 54.7% | -3.1% |
| Q4 25 | — | $-0.58 | ||
| Q3 25 | — | $-0.04 | ||
| Q2 25 | — | $-0.25 | ||
| Q1 25 | — | $-0.72 | ||
| Q4 24 | — | $-1.04 | ||
| Q3 24 | — | $-0.36 | ||
| Q2 24 | — | $0.56 | ||
| Q1 24 | — | $-0.35 |
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 | $14.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $174.4M |
| Total Assets | $1.3B | $477.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $14.4M | ||
| Q3 25 | $2.9M | $12.0M | ||
| Q2 25 | $2.5M | $14.6M | ||
| Q1 25 | $2.4M | $28.4M | ||
| Q4 24 | $2.5M | $5.2M | ||
| Q3 24 | $21.0M | $17.9M | ||
| Q2 24 | $26.7M | $7.4M | ||
| Q1 24 | $40.5M | $16.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $43.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $174.4M | ||
| Q3 25 | — | $182.5M | ||
| Q2 25 | — | $209.4M | ||
| Q1 25 | — | $220.7M | ||
| Q4 24 | — | $236.4M | ||
| Q3 24 | — | $282.2M | ||
| Q2 24 | — | $297.4M | ||
| Q1 24 | — | $297.4M |
| Q4 25 | $1.3B | $477.4M | ||
| Q3 25 | $1.3B | $491.1M | ||
| Q2 25 | $1.3B | $508.8M | ||
| Q1 25 | $1.2B | $423.8M | ||
| Q4 24 | $1.2B | $405.1M | ||
| Q3 24 | $1.2B | $477.6M | ||
| Q2 24 | $1.2B | $483.2M | ||
| Q1 24 | $1.2B | $513.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.18× | ||
| 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 | $19.3M |
| Free Cash FlowOCF − Capex | — | $14.5M |
| FCF MarginFCF / Revenue | — | 8.9% |
| Capex IntensityCapex / Revenue | — | 3.0% |
| Cash ConversionOCF / Net Profit | 0.90× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $65.1M | $19.3M | ||
| Q3 25 | $99.8M | $13.8M | ||
| Q2 25 | $80.5M | $-2.3M | ||
| Q1 25 | $64.8M | $-8.4M | ||
| Q4 24 | $91.0M | $9.5M | ||
| Q3 24 | $93.2M | $35.7M | ||
| Q2 24 | $100.4M | $32.4M | ||
| Q1 24 | $104.5M | $6.0M |
| Q4 25 | — | $14.5M | ||
| Q3 25 | — | $8.2M | ||
| Q2 25 | — | $-6.8M | ||
| Q1 25 | — | $-13.7M | ||
| Q4 24 | — | $1.8M | ||
| Q3 24 | — | $28.2M | ||
| Q2 24 | — | $27.0M | ||
| Q1 24 | — | $372.0K |
| Q4 25 | — | 8.9% | ||
| Q3 25 | — | 4.8% | ||
| Q2 25 | — | -4.2% | ||
| Q1 25 | — | -9.5% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | — | 16.0% | ||
| Q2 24 | — | 14.3% | ||
| Q1 24 | — | 0.2% |
| Q4 25 | — | 3.0% | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | — | 5.1% | ||
| Q3 24 | — | 4.2% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 3.4% |
| Q4 25 | 0.90× | — | ||
| Q3 25 | 1.09× | — | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 4.07× | — | ||
| Q4 24 | 1.96× | — | ||
| Q3 24 | 1.01× | — | ||
| Q2 24 | 1.47× | 3.93× | ||
| 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% |
CVEO
Segment breakdown not available.
