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Side-by-side financial comparison of Black Stone Minerals, L.P. (BSM) and DocGo Inc. (DCGO). 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 $74.9M, roughly 1.3× DocGo Inc.). Black Stone Minerals, L.P. runs the higher net margin — 75.9% vs -190.0%, a 265.8% gap on every dollar of revenue. On growth, Black Stone Minerals, L.P. posted the faster year-over-year revenue change (-8.7% vs -38.0%). Over the past eight quarters, Black Stone Minerals, L.P.'s revenue compounded faster (-9.7% CAGR vs -37.5%).
Black Stone Minerals, L.P., or Black Stone Minerals, is a Houston, Texas-based oil and natural gas corporation.
DocGo Inc. is a U.S.-headquartered mobile healthcare and on-demand medical service provider. It offers a range of solutions including in-home urgent care, diagnostic testing, telehealth consultations, and corporate wellness programs, serving individual patients, health systems, enterprise clients, and public sector organizations across North America.
BSM vs DCGO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $95.2M | $74.9M |
| Net Profit | $72.2M | $-142.3M |
| Gross Margin | — | — |
| Operating Margin | 78.6% | -139.6% |
| Net Margin | 75.9% | -190.0% |
| Revenue YoY | -8.7% | -38.0% |
| Net Profit YoY | 55.8% | -1761.4% |
| EPS (diluted) | — | $-1.36 |
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 | $74.9M | ||
| Q3 25 | $105.2M | $70.8M | ||
| Q2 25 | $106.7M | $80.4M | ||
| Q1 25 | $115.3M | $96.0M | ||
| Q4 24 | $104.3M | $120.8M | ||
| Q3 24 | $103.2M | $138.7M | ||
| Q2 24 | $115.2M | $164.9M | ||
| Q1 24 | $116.8M | $192.1M |
| Q4 25 | $72.2M | $-142.3M | ||
| Q3 25 | $91.7M | $-27.8M | ||
| Q2 25 | $120.0M | $-11.2M | ||
| Q1 25 | $15.9M | $-9.4M | ||
| Q4 24 | $46.3M | $-7.6M | ||
| Q3 24 | $92.7M | $5.5M | ||
| Q2 24 | $68.3M | $6.5M | ||
| Q1 24 | $63.9M | $11.2M |
| Q4 25 | 78.6% | -139.6% | ||
| Q3 25 | 89.5% | -59.3% | ||
| Q2 25 | — | -21.7% | ||
| Q1 25 | 14.9% | -14.6% | ||
| Q4 24 | 45.6% | -6.2% | ||
| Q3 24 | 90.2% | 7.3% | ||
| Q2 24 | 59.5% | 6.2% | ||
| Q1 24 | 54.8% | 8.3% |
| Q4 25 | 75.9% | -190.0% | ||
| Q3 25 | 87.2% | -39.2% | ||
| Q2 25 | 112.5% | -13.9% | ||
| Q1 25 | 13.8% | -9.8% | ||
| Q4 24 | 44.4% | -6.3% | ||
| Q3 24 | 89.9% | 4.0% | ||
| Q2 24 | 59.3% | 4.0% | ||
| Q1 24 | 54.7% | 5.8% |
| Q4 25 | — | $-1.36 | ||
| Q3 25 | — | $-0.28 | ||
| Q2 25 | — | $-0.11 | ||
| Q1 25 | — | $-0.09 | ||
| Q4 24 | — | $-0.03 | ||
| Q3 24 | — | $0.05 | ||
| Q2 24 | — | $0.06 | ||
| Q1 24 | — | $0.10 |
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 | $51.0M |
| Total DebtLower is stronger | — | $235.6K |
| Stockholders' EquityBook value | — | $144.0M |
| Total Assets | $1.3B | $217.1M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $51.0M | ||
| Q3 25 | $2.9M | $73.4M | ||
| Q2 25 | $2.5M | $104.2M | ||
| Q1 25 | $2.4M | $79.0M | ||
| Q4 24 | $2.5M | $89.2M | ||
| Q3 24 | $21.0M | $89.5M | ||
| Q2 24 | $26.7M | $66.1M | ||
| Q1 24 | $40.5M | $41.2M |
| Q4 25 | — | $235.6K | ||
| Q3 25 | — | $249.9K | ||
| Q2 25 | — | $12.6K | ||
| Q1 25 | — | $15.1K | ||
| Q4 24 | — | $17.7K | ||
| Q3 24 | — | $47.7K | ||
| Q2 24 | — | $52.8K | ||
| Q1 24 | — | $60.1K |
| Q4 25 | — | $144.0M | ||
| Q3 25 | — | $270.5M | ||
| Q2 25 | — | $297.3M | ||
| Q1 25 | — | $309.3M | ||
| Q4 24 | — | $320.9M | ||
| Q3 24 | — | $325.2M | ||
| Q2 24 | — | $315.2M | ||
| Q1 24 | — | $311.3M |
| Q4 25 | $1.3B | $217.1M | ||
| Q3 25 | $1.3B | $353.8M | ||
| Q2 25 | $1.3B | $408.3M | ||
| Q1 25 | $1.2B | $430.8M | ||
| Q4 24 | $1.2B | $455.6M | ||
| Q3 24 | $1.2B | $493.9M | ||
| Q2 24 | $1.2B | $488.2M | ||
| Q1 24 | $1.2B | $490.7M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $-10.5M |
| Free Cash FlowOCF − Capex | — | $-12.0M |
| FCF MarginFCF / Revenue | — | -16.0% |
| Capex IntensityCapex / Revenue | — | 2.0% |
| Cash ConversionOCF / Net Profit | 0.90× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $29.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $65.1M | $-10.5M | ||
| Q3 25 | $99.8M | $1.7M | ||
| Q2 25 | $80.5M | $33.6M | ||
| Q1 25 | $64.8M | $9.7M | ||
| Q4 24 | $91.0M | $12.7M | ||
| Q3 24 | $93.2M | $31.1M | ||
| Q2 24 | $100.4M | $36.9M | ||
| Q1 24 | $104.5M | $-10.6M |
| Q4 25 | — | $-12.0M | ||
| Q3 25 | — | $782.6K | ||
| Q2 25 | — | $32.9M | ||
| Q1 25 | — | $8.2M | ||
| Q4 24 | — | $12.0M | ||
| Q3 24 | — | $30.2M | ||
| Q2 24 | — | $35.9M | ||
| Q1 24 | — | $-11.6M |
| Q4 25 | — | -16.0% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 40.9% | ||
| Q1 25 | — | 8.5% | ||
| Q4 24 | — | 9.9% | ||
| Q3 24 | — | 21.8% | ||
| Q2 24 | — | 21.7% | ||
| Q1 24 | — | -6.0% |
| Q4 25 | — | 2.0% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.5% |
| Q4 25 | 0.90× | — | ||
| Q3 25 | 1.09× | — | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 4.07× | — | ||
| Q4 24 | 1.96× | — | ||
| Q3 24 | 1.01× | 5.67× | ||
| Q2 24 | 1.47× | 5.65× | ||
| Q1 24 | 1.63× | -0.95× |
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% |
DCGO
| Transportation Services Segment | $50.2M | 67% |
| Mobile Health Services Segment | $24.8M | 33% |
