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Side-by-side financial comparison of Black Stone Minerals, L.P. (BSM) and ESTABLISHMENT LABS HOLDINGS INC. (ESTA). 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 $64.6M, roughly 1.5× ESTABLISHMENT LABS HOLDINGS INC.). On growth, ESTABLISHMENT LABS HOLDINGS INC. posted the faster year-over-year revenue change (45.2% vs -8.7%). Over the past eight quarters, ESTABLISHMENT LABS HOLDINGS INC.'s revenue compounded faster (31.9% CAGR vs -9.7%).
Black Stone Minerals, L.P., or Black Stone Minerals, is a Houston, Texas-based oil and natural gas corporation.
Astera Labs, Inc. is an American fabless semiconductor manufacturer and artificial intelligence company. The company specializes in designing high-speed connectivity solutions for data centers and AI infrastructure. The company has been listed on the Nasdaq since March 2024.
BSM vs ESTA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $95.2M | $64.6M |
| Net Profit | $72.2M | — |
| Gross Margin | — | 70.5% |
| Operating Margin | 78.6% | -6.1% |
| Net Margin | 75.9% | — |
| Revenue YoY | -8.7% | 45.2% |
| Net Profit YoY | 55.8% | — |
| EPS (diluted) | — | $-0.07 |
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 | $64.6M | ||
| Q3 25 | $105.2M | $53.8M | ||
| Q2 25 | $106.7M | $51.3M | ||
| Q1 25 | $115.3M | $41.4M | ||
| Q4 24 | $104.3M | $44.5M | ||
| Q3 24 | $103.2M | $40.2M | ||
| Q2 24 | $115.2M | $44.1M | ||
| Q1 24 | $116.8M | $37.2M |
| Q4 25 | $72.2M | — | ||
| Q3 25 | $91.7M | $-11.1M | ||
| Q2 25 | $120.0M | $-16.6M | ||
| Q1 25 | $15.9M | $-20.7M | ||
| Q4 24 | $46.3M | — | ||
| Q3 24 | $92.7M | $-16.7M | ||
| Q2 24 | $68.3M | $-17.2M | ||
| Q1 24 | $63.9M | $-16.2M |
| Q4 25 | — | 70.5% | ||
| Q3 25 | — | 70.1% | ||
| Q2 25 | — | 68.8% | ||
| Q1 25 | — | 67.2% | ||
| Q4 24 | — | 68.5% | ||
| Q3 24 | — | 63.9% | ||
| Q2 24 | — | 65.6% | ||
| Q1 24 | — | 65.6% |
| Q4 25 | 78.6% | -6.1% | ||
| Q3 25 | 89.5% | -7.5% | ||
| Q2 25 | — | -27.5% | ||
| Q1 25 | 14.9% | -41.0% | ||
| Q4 24 | 45.6% | -41.9% | ||
| Q3 24 | 90.2% | -32.7% | ||
| Q2 24 | 59.5% | -21.2% | ||
| Q1 24 | 54.8% | -23.8% |
| Q4 25 | 75.9% | — | ||
| Q3 25 | 87.2% | -20.7% | ||
| Q2 25 | 112.5% | -32.3% | ||
| Q1 25 | 13.8% | -50.1% | ||
| Q4 24 | 44.4% | — | ||
| Q3 24 | 89.9% | -41.5% | ||
| Q2 24 | 59.3% | -38.9% | ||
| Q1 24 | 54.7% | -43.6% |
| Q4 25 | — | $-0.07 | ||
| Q3 25 | — | $-0.38 | ||
| Q2 25 | — | $-0.57 | ||
| Q1 25 | — | $-0.70 | ||
| Q4 24 | — | $-1.21 | ||
| Q3 24 | — | $-0.59 | ||
| Q2 24 | — | $-0.62 | ||
| Q1 24 | — | $-0.58 |
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 | $75.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $23.5M |
| Total Assets | $1.3B | $357.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $75.6M | ||
| Q3 25 | $2.9M | $70.6M | ||
| Q2 25 | $2.5M | $54.6M | ||
| Q1 25 | $2.4M | $69.2M | ||
| Q4 24 | $2.5M | $90.3M | ||
| Q3 24 | $21.0M | — | ||
| Q2 24 | $26.7M | — | ||
| Q1 24 | $40.5M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $23.5M | ||
| Q3 25 | — | $16.4M | ||
| Q2 25 | — | $22.8M | ||
| Q1 25 | — | $38.5M | ||
| Q4 24 | — | $53.1M | ||
| Q3 24 | — | $32.7M | ||
| Q2 24 | — | $45.0M | ||
| Q1 24 | — | $56.9M |
| Q4 25 | $1.3B | $357.2M | ||
| Q3 25 | $1.3B | $338.9M | ||
| Q2 25 | $1.3B | $329.7M | ||
| Q1 25 | $1.2B | $333.4M | ||
| Q4 24 | $1.2B | $346.8M | ||
| Q3 24 | $1.2B | $282.7M | ||
| Q2 24 | $1.2B | $285.1M | ||
| Q1 24 | $1.2B | $301.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| 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 | $-162.0K |
| Free Cash FlowOCF − Capex | — | $-2.0M |
| FCF MarginFCF / Revenue | — | -3.1% |
| Capex IntensityCapex / Revenue | — | 2.8% |
| Cash ConversionOCF / Net Profit | 0.90× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-56.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $65.1M | $-162.0K | ||
| Q3 25 | $99.8M | $-11.3M | ||
| Q2 25 | $80.5M | $-18.8M | ||
| Q1 25 | $64.8M | $-20.7M | ||
| Q4 24 | $91.0M | $-20.7M | ||
| Q3 24 | $93.2M | $-12.5M | ||
| Q2 24 | $100.4M | $-14.2M | ||
| Q1 24 | $104.5M | $-11.2M |
| Q4 25 | — | $-2.0M | ||
| Q3 25 | — | $-13.1M | ||
| Q2 25 | — | $-20.4M | ||
| Q1 25 | — | $-21.5M | ||
| Q4 24 | — | $-21.3M | ||
| Q3 24 | — | $-13.9M | ||
| Q2 24 | — | $-15.0M | ||
| Q1 24 | — | $-14.5M |
| Q4 25 | — | -3.1% | ||
| Q3 25 | — | -24.4% | ||
| Q2 25 | — | -39.7% | ||
| Q1 25 | — | -51.9% | ||
| Q4 24 | — | -47.8% | ||
| Q3 24 | — | -34.6% | ||
| Q2 24 | — | -33.9% | ||
| Q1 24 | — | -38.9% |
| Q4 25 | — | 2.8% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | — | 8.9% |
| 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× | — | ||
| 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% |
ESTA
Segment breakdown not available.
