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Side-by-side financial comparison of Black Stone Minerals, L.P. (BSM) and Commercial Vehicle Group, Inc. (CVGI). Click either name above to swap in a different company.

Commercial Vehicle Group, Inc. is the larger business by last-quarter revenue ($154.8M vs $95.2M, roughly 1.6× Black Stone Minerals, L.P.). On growth, Commercial Vehicle Group, Inc. posted the faster year-over-year revenue change (-5.2% vs -8.7%). Over the past eight quarters, Black Stone Minerals, L.P.'s revenue compounded faster (-9.7% CAGR vs -10.8%).

Black Stone Minerals, L.P., or Black Stone Minerals, is a Houston, Texas-based oil and natural gas corporation.

WABCO Holdings, Inc. was a U.S.-based provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. In 2007, the Vehicle Control Systems was spun off as WABCO Holdings Inc., an American provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. Their products are present in many commercial vehicles such as trucks, buses, trailers and off-highway vehicles but they ...

BSM vs CVGI — Head-to-Head

Bigger by revenue
CVGI
CVGI
1.6× larger
CVGI
$154.8M
$95.2M
BSM
Growing faster (revenue YoY)
CVGI
CVGI
+3.5% gap
CVGI
-5.2%
-8.7%
BSM
Faster 2-yr revenue CAGR
BSM
BSM
Annualised
BSM
-9.7%
-10.8%
CVGI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BSM
BSM
CVGI
CVGI
Revenue
$95.2M
$154.8M
Net Profit
$72.2M
Gross Margin
9.7%
Operating Margin
78.6%
-1.2%
Net Margin
75.9%
Revenue YoY
-8.7%
-5.2%
Net Profit YoY
55.8%
EPS (diluted)

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.

Revenue
BSM
BSM
CVGI
CVGI
Q4 25
$95.2M
$154.8M
Q3 25
$105.2M
$152.5M
Q2 25
$106.7M
$172.0M
Q1 25
$115.3M
$169.8M
Q4 24
$104.3M
$163.3M
Q3 24
$103.2M
$171.8M
Q2 24
$115.2M
$193.7M
Q1 24
$116.8M
$194.6M
Net Profit
BSM
BSM
CVGI
CVGI
Q4 25
$72.2M
Q3 25
$91.7M
$-7.1M
Q2 25
$120.0M
$-4.8M
Q1 25
$15.9M
$-4.3M
Q4 24
$46.3M
Q3 24
$92.7M
$9.5M
Q2 24
$68.3M
$-1.6M
Q1 24
$63.9M
$2.9M
Gross Margin
BSM
BSM
CVGI
CVGI
Q4 25
9.7%
Q3 25
10.5%
Q2 25
11.4%
Q1 25
10.5%
Q4 24
8.0%
Q3 24
9.6%
Q2 24
10.6%
Q1 24
11.9%
Operating Margin
BSM
BSM
CVGI
CVGI
Q4 25
78.6%
-1.2%
Q3 25
89.5%
-0.7%
Q2 25
0.5%
Q1 25
14.9%
0.8%
Q4 24
45.6%
-3.2%
Q3 24
90.2%
-0.6%
Q2 24
59.5%
0.5%
Q1 24
54.8%
2.3%
Net Margin
BSM
BSM
CVGI
CVGI
Q4 25
75.9%
Q3 25
87.2%
-4.6%
Q2 25
112.5%
-2.8%
Q1 25
13.8%
-2.5%
Q4 24
44.4%
Q3 24
89.9%
5.5%
Q2 24
59.3%
-0.8%
Q1 24
54.7%
1.5%
EPS (diluted)
BSM
BSM
CVGI
CVGI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$-0.05
Q1 24
$0.09

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BSM
BSM
CVGI
CVGI
Cash + ST InvestmentsLiquidity on hand
$1.5M
Total DebtLower is stronger
$104.9M
Stockholders' EquityBook value
$133.4M
Total Assets
$1.3B
$391.7M
Debt / EquityLower = less leverage
0.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BSM
BSM
CVGI
CVGI
Q4 25
$1.5M
Q3 25
$2.9M
Q2 25
$2.5M
Q1 25
$2.4M
Q4 24
$2.5M
Q3 24
$21.0M
Q2 24
$26.7M
Q1 24
$40.5M
Total Debt
BSM
BSM
CVGI
CVGI
Q4 25
$104.9M
Q3 25
$108.2M
Q2 25
$118.2M
Q1 25
$117.4M
Q4 24
$135.5M
Q3 24
$128.8M
Q2 24
$142.0M
Q1 24
$155.7M
Stockholders' Equity
BSM
BSM
CVGI
CVGI
Q4 25
$133.4M
Q3 25
$136.5M
Q2 25
$142.6M
Q1 25
$136.7M
Q4 24
$135.6M
Q3 24
$179.3M
Q2 24
$169.6M
Q1 24
$175.5M
Total Assets
BSM
BSM
CVGI
CVGI
Q4 25
$1.3B
$391.7M
Q3 25
$1.3B
$400.3M
Q2 25
$1.3B
$429.8M
Q1 25
$1.2B
$419.8M
Q4 24
$1.2B
$424.6M
Q3 24
$1.2B
$495.3M
Q2 24
$1.2B
$503.2M
Q1 24
$1.2B
$509.2M
Debt / Equity
BSM
BSM
CVGI
CVGI
Q4 25
0.79×
Q3 25
0.79×
Q2 25
0.83×
Q1 25
0.86×
Q4 24
1.00×
Q3 24
0.72×
Q2 24
0.84×
Q1 24
0.89×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BSM
BSM
CVGI
CVGI
Operating Cash FlowLast quarter
$65.1M
$12.3M
Free Cash FlowOCF − Capex
$8.7M
FCF MarginFCF / Revenue
5.6%
Capex IntensityCapex / Revenue
2.3%
Cash ConversionOCF / Net Profit
0.90×
TTM Free Cash FlowTrailing 4 quarters
$34.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BSM
BSM
CVGI
CVGI
Q4 25
$65.1M
$12.3M
Q3 25
$99.8M
$-1.7M
Q2 25
$80.5M
$18.9M
Q1 25
$64.8M
$15.2M
Q4 24
$91.0M
$-26.6M
Q3 24
$93.2M
$-17.1M
Q2 24
$100.4M
$12.6M
Q1 24
$104.5M
$-2.4M
Free Cash Flow
BSM
BSM
CVGI
CVGI
Q4 25
$8.7M
Q3 25
$-3.5M
Q2 25
$17.4M
Q1 25
$11.4M
Q4 24
$-30.6M
Q3 24
$-20.3M
Q2 24
$6.4M
Q1 24
$-7.4M
FCF Margin
BSM
BSM
CVGI
CVGI
Q4 25
5.6%
Q3 25
-2.3%
Q2 25
10.1%
Q1 25
6.7%
Q4 24
-18.7%
Q3 24
-11.8%
Q2 24
3.3%
Q1 24
-3.8%
Capex Intensity
BSM
BSM
CVGI
CVGI
Q4 25
2.3%
Q3 25
1.2%
Q2 25
0.9%
Q1 25
2.2%
Q4 24
2.4%
Q3 24
1.9%
Q2 24
3.2%
Q1 24
2.6%
Cash Conversion
BSM
BSM
CVGI
CVGI
Q4 25
0.90×
Q3 25
1.09×
Q2 25
0.67×
Q1 25
4.07×
Q4 24
1.96×
Q3 24
1.01×
-1.79×
Q2 24
1.47×
Q1 24
1.63×
-0.80×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BSM
BSM

Oil Reserves$46.4M49%
Natural Gas Reserves$44.1M46%
Real Estate$4.7M5%

CVGI
CVGI

Global Seating$70.7M46%
Global Electrical Systems$49.7M32%
Trim Systems And Components$34.4M22%

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