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Side-by-side financial comparison of Black Stone Minerals, L.P. (BSM) and FIRST COMMONWEALTH FINANCIAL CORP (FCF). Click either name above to swap in a different company.
FIRST COMMONWEALTH FINANCIAL CORP is the larger business by last-quarter revenue ($133.7M vs $95.2M, roughly 1.4× Black Stone Minerals, L.P.). Black Stone Minerals, L.P. runs the higher net margin — 75.9% vs 28.1%, a 47.8% gap on every dollar of revenue. On growth, FIRST COMMONWEALTH FINANCIAL CORP posted the faster year-over-year revenue change (13.0% vs -8.7%). Over the past eight quarters, FIRST COMMONWEALTH FINANCIAL CORP's revenue compounded faster (5.5% CAGR vs -9.7%).
Black Stone Minerals, L.P., or Black Stone Minerals, is a Houston, Texas-based oil and natural gas corporation.
First Commonwealth Financial Corp is a Pennsylvania-based regional financial services holding company. It offers consumer and commercial banking products, loans, wealth management, and insurance services for individuals, small and mid-sized enterprises across central and western Pennsylvania and Ohio.
BSM vs FCF — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $95.2M | $133.7M |
| Net Profit | $72.2M | $37.5M |
| Gross Margin | — | — |
| Operating Margin | 78.6% | — |
| Net Margin | 75.9% | 28.1% |
| Revenue YoY | -8.7% | 13.0% |
| Net Profit YoY | 55.8% | 14.8% |
| EPS (diluted) | — | $0.37 |
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.
| Q1 26 | — | $133.7M | ||
| Q4 25 | $95.2M | $137.9M | ||
| Q3 25 | $105.2M | $136.0M | ||
| Q2 25 | $106.7M | $131.0M | ||
| Q1 25 | $115.3M | $118.0M | ||
| Q4 24 | $104.3M | $120.4M | ||
| Q3 24 | $103.2M | $121.2M | ||
| Q2 24 | $115.2M | $120.2M |
| Q1 26 | — | $37.5M | ||
| Q4 25 | $72.2M | $44.9M | ||
| Q3 25 | $91.7M | $41.3M | ||
| Q2 25 | $120.0M | $33.4M | ||
| Q1 25 | $15.9M | $32.7M | ||
| Q4 24 | $46.3M | $35.8M | ||
| Q3 24 | $92.7M | $32.1M | ||
| Q2 24 | $68.3M | $37.1M |
| Q1 26 | — | — | ||
| Q4 25 | 78.6% | 40.9% | ||
| Q3 25 | 89.5% | 38.1% | ||
| Q2 25 | — | 32.1% | ||
| Q1 25 | 14.9% | 34.8% | ||
| Q4 24 | 45.6% | 37.1% | ||
| Q3 24 | 90.2% | 33.4% | ||
| Q2 24 | 59.5% | 38.7% |
| Q1 26 | — | 28.1% | ||
| Q4 25 | 75.9% | 32.5% | ||
| Q3 25 | 87.2% | 30.4% | ||
| Q2 25 | 112.5% | 25.5% | ||
| Q1 25 | 13.8% | 27.7% | ||
| Q4 24 | 44.4% | 29.8% | ||
| Q3 24 | 89.9% | 26.5% | ||
| Q2 24 | 59.3% | 30.9% |
| Q1 26 | — | $0.37 | ||
| Q4 25 | — | $0.44 | ||
| Q3 25 | — | $0.39 | ||
| Q2 25 | — | $0.32 | ||
| Q1 25 | — | $0.32 | ||
| Q4 24 | — | $0.35 | ||
| Q3 24 | — | $0.31 | ||
| Q2 24 | — | $0.36 |
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 | — |
| Total DebtLower is stronger | — | $154.9M |
| Stockholders' EquityBook value | — | $1.6B |
| Total Assets | $1.3B | $12.3B |
| Debt / EquityLower = less leverage | — | 0.10× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| 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 26 | — | $154.9M | ||
| Q4 25 | — | $261.7M | ||
| Q3 25 | — | $262.1M | ||
| Q2 25 | — | $262.4M | ||
| Q1 25 | — | $262.7M | ||
| Q4 24 | — | $263.0M | ||
| Q3 24 | — | $136.3M | ||
| Q2 24 | — | $136.6M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.4B |
| Q1 26 | — | $12.3B | ||
| Q4 25 | $1.3B | $12.3B | ||
| Q3 25 | $1.3B | $12.3B | ||
| Q2 25 | $1.3B | $12.2B | ||
| Q1 25 | $1.2B | $11.8B | ||
| Q4 24 | $1.2B | $11.6B | ||
| Q3 24 | $1.2B | $12.0B | ||
| Q2 24 | $1.2B | $11.6B |
| Q1 26 | — | 0.10× | ||
| Q4 25 | — | 0.17× | ||
| Q3 25 | — | 0.17× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | — | 0.19× | ||
| Q3 24 | — | 0.10× | ||
| Q2 24 | — | 0.10× |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.90× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $65.1M | $187.5M | ||
| Q3 25 | $99.8M | $49.5M | ||
| Q2 25 | $80.5M | $30.4M | ||
| Q1 25 | $64.8M | $55.9M | ||
| Q4 24 | $91.0M | $129.5M | ||
| Q3 24 | $93.2M | $53.6M | ||
| Q2 24 | $100.4M | $22.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $171.5M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $113.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 124.3% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 94.6% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 11.7% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 12.9% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.90× | 4.18× | ||
| Q3 25 | 1.09× | 1.20× | ||
| Q2 25 | 0.67× | 0.91× | ||
| Q1 25 | 4.07× | 1.71× | ||
| Q4 24 | 1.96× | 3.61× | ||
| Q3 24 | 1.01× | 1.67× | ||
| Q2 24 | 1.47× | 0.61× |
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% |
FCF
Segment breakdown not available.
