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Side-by-side financial comparison of Black Stone Minerals, L.P. (BSM) and FIRSTSUN CAPITAL BANCORP (FSUN). Click either name above to swap in a different company.
FIRSTSUN CAPITAL BANCORP is the larger business by last-quarter revenue ($110.0M vs $95.2M, roughly 1.2× Black Stone Minerals, L.P.). Black Stone Minerals, L.P. runs the higher net margin — 75.9% vs 19.6%, a 56.3% gap on every dollar of revenue. Over the past eight quarters, FIRSTSUN CAPITAL BANCORP's revenue compounded faster (6.9% CAGR vs -9.7%).
Black Stone Minerals, L.P., or Black Stone Minerals, is a Houston, Texas-based oil and natural gas corporation.
FirstSun Capital Bancorp is a U.S.-headquartered financial holding company that offers a comprehensive range of banking and financial services, including commercial and consumer lending, deposit products, wealth management, and treasury solutions. It mainly serves individual customers, small and medium-sized enterprises, and corporate clients across U.S. regional markets.
BSM vs FSUN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $95.2M | $110.0M |
| Net Profit | $72.2M | $21.6M |
| Gross Margin | — | — |
| Operating Margin | 78.6% | — |
| Net Margin | 75.9% | 19.6% |
| Revenue YoY | -8.7% | — |
| Net Profit YoY | 55.8% | -8.4% |
| EPS (diluted) | — | $0.76 |
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 | — | $110.0M | ||
| Q4 25 | $95.2M | $110.2M | ||
| Q3 25 | $105.2M | $107.3M | ||
| Q2 25 | $106.7M | $105.6M | ||
| Q1 25 | $115.3M | $96.2M | ||
| Q4 24 | $104.3M | $98.7M | ||
| Q3 24 | $103.2M | $98.2M | ||
| Q2 24 | $115.2M | $96.2M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | $72.2M | $24.8M | ||
| Q3 25 | $91.7M | $23.2M | ||
| Q2 25 | $120.0M | $26.4M | ||
| Q1 25 | $15.9M | $23.6M | ||
| Q4 24 | $46.3M | $16.4M | ||
| Q3 24 | $92.7M | $22.4M | ||
| Q2 24 | $68.3M | $24.6M |
| Q1 26 | — | — | ||
| Q4 25 | 78.6% | 29.0% | ||
| Q3 25 | 89.5% | 26.4% | ||
| Q2 25 | — | 31.2% | ||
| Q1 25 | 14.9% | 30.9% | ||
| Q4 24 | 45.6% | 20.4% | ||
| Q3 24 | 90.2% | 29.1% | ||
| Q2 24 | 59.5% | 32.3% |
| Q1 26 | — | 19.6% | ||
| Q4 25 | 75.9% | 22.5% | ||
| Q3 25 | 87.2% | 21.6% | ||
| Q2 25 | 112.5% | 25.0% | ||
| Q1 25 | 13.8% | 24.5% | ||
| Q4 24 | 44.4% | 16.6% | ||
| Q3 24 | 89.9% | 22.8% | ||
| Q2 24 | 59.3% | 25.5% |
| Q1 26 | — | $0.76 | ||
| Q4 25 | — | $0.89 | ||
| Q3 25 | — | $0.82 | ||
| Q2 25 | — | $0.93 | ||
| Q1 25 | — | $0.83 | ||
| Q4 24 | — | $0.57 | ||
| Q3 24 | — | $0.79 | ||
| Q2 24 | — | $0.88 |
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 | $413.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $1.2B |
| Total Assets | $1.3B | $8.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $413.7M | ||
| Q4 25 | $1.5M | $652.6M | ||
| Q3 25 | $2.9M | $659.9M | ||
| Q2 25 | $2.5M | $785.1M | ||
| Q1 25 | $2.4M | $621.4M | ||
| Q4 24 | $2.5M | $615.9M | ||
| Q3 24 | $21.0M | $573.7M | ||
| Q2 24 | $26.7M | $535.8M |
| Q1 26 | — | $1.2B | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $996.6M |
| Q1 26 | — | $8.6B | ||
| Q4 25 | $1.3B | $8.5B | ||
| Q3 25 | $1.3B | $8.5B | ||
| Q2 25 | $1.3B | $8.4B | ||
| Q1 25 | $1.2B | $8.2B | ||
| Q4 24 | $1.2B | $8.1B | ||
| Q3 24 | $1.2B | $8.1B | ||
| Q2 24 | $1.2B | $8.0B |
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 | $111.5M | ||
| Q3 25 | $99.8M | $49.4M | ||
| Q2 25 | $80.5M | $15.0M | ||
| Q1 25 | $64.8M | $26.4M | ||
| Q4 24 | $91.0M | $101.1M | ||
| Q3 24 | $93.2M | $48.1M | ||
| Q2 24 | $100.4M | $20.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $104.0M | ||
| Q3 25 | — | $47.6M | ||
| Q2 25 | — | $13.0M | ||
| Q1 25 | — | $24.3M | ||
| Q4 24 | — | $95.7M | ||
| Q3 24 | — | $47.1M | ||
| Q2 24 | — | $19.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 94.3% | ||
| Q3 25 | — | 44.4% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 25.3% | ||
| Q4 24 | — | 97.0% | ||
| Q3 24 | — | 47.9% | ||
| Q2 24 | — | 20.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.8% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 1.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.90× | 4.49× | ||
| Q3 25 | 1.09× | 2.13× | ||
| Q2 25 | 0.67× | 0.57× | ||
| Q1 25 | 4.07× | 1.12× | ||
| Q4 24 | 1.96× | 6.18× | ||
| Q3 24 | 1.01× | 2.15× | ||
| Q2 24 | 1.47× | 0.85× |
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% |
FSUN
| Net Interest Income | $82.8M | 75% |
| Noninterest Income | $27.2M | 25% |
