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Side-by-side financial comparison of Black Stone Minerals, L.P. (BSM) and GRID DYNAMICS HOLDINGS, INC. (GDYN). Click either name above to swap in a different company.
GRID DYNAMICS HOLDINGS, INC. is the larger business by last-quarter revenue ($104.1M vs $95.2M, roughly 1.1× Black Stone Minerals, L.P.). Black Stone Minerals, L.P. runs the higher net margin — 75.9% vs -1.4%, a 77.3% gap on every dollar of revenue. On growth, GRID DYNAMICS HOLDINGS, INC. posted the faster year-over-year revenue change (3.7% vs -8.7%). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (12.0% CAGR vs -9.7%).
Black Stone Minerals, L.P., or Black Stone Minerals, is a Houston, Texas-based oil and natural gas corporation.
Escape Dynamics, Inc. was a Colorado-based technology company that operated 2010–2015 focused on bringing to market single-stage-to-orbit reusable electromagnetically powered spaceplanes.
BSM vs GDYN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $95.2M | $104.1M |
| Net Profit | $72.2M | $-1.5M |
| Gross Margin | — | 34.8% |
| Operating Margin | 78.6% | 61.7% |
| Net Margin | 75.9% | -1.4% |
| Revenue YoY | -8.7% | 3.7% |
| Net Profit YoY | 55.8% | -150.6% |
| EPS (diluted) | — | $-0.02 |
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 | — | $104.1M | ||
| Q4 25 | $95.2M | $106.2M | ||
| Q3 25 | $105.2M | $104.2M | ||
| Q2 25 | $106.7M | $101.1M | ||
| Q1 25 | $115.3M | $100.4M | ||
| Q4 24 | $104.3M | $100.3M | ||
| Q3 24 | $103.2M | $87.4M | ||
| Q2 24 | $115.2M | $83.0M |
| Q1 26 | — | $-1.5M | ||
| Q4 25 | $72.2M | $306.0K | ||
| Q3 25 | $91.7M | $1.2M | ||
| Q2 25 | $120.0M | $5.3M | ||
| Q1 25 | $15.9M | $2.9M | ||
| Q4 24 | $46.3M | $4.5M | ||
| Q3 24 | $92.7M | $4.3M | ||
| Q2 24 | $68.3M | $-817.0K |
| Q1 26 | — | 34.8% | ||
| Q4 25 | — | 34.0% | ||
| Q3 25 | — | 33.3% | ||
| Q2 25 | — | 34.1% | ||
| Q1 25 | — | 36.8% | ||
| Q4 24 | — | 36.9% | ||
| Q3 24 | — | 37.4% | ||
| Q2 24 | — | 35.6% |
| Q1 26 | — | 61.7% | ||
| Q4 25 | 78.6% | 0.5% | ||
| Q3 25 | 89.5% | -0.2% | ||
| Q2 25 | — | -0.1% | ||
| Q1 25 | 14.9% | -2.0% | ||
| Q4 24 | 45.6% | 1.3% | ||
| Q3 24 | 90.2% | 2.4% | ||
| Q2 24 | 59.5% | 0.0% |
| Q1 26 | — | -1.4% | ||
| Q4 25 | 75.9% | 0.3% | ||
| Q3 25 | 87.2% | 1.1% | ||
| Q2 25 | 112.5% | 5.2% | ||
| Q1 25 | 13.8% | 2.9% | ||
| Q4 24 | 44.4% | 4.5% | ||
| Q3 24 | 89.9% | 4.9% | ||
| Q2 24 | 59.3% | -1.0% |
| Q1 26 | — | $-0.02 | ||
| Q4 25 | — | $0.01 | ||
| Q3 25 | — | $0.01 | ||
| Q2 25 | — | $0.06 | ||
| Q1 25 | — | $0.03 | ||
| Q4 24 | — | $0.06 | ||
| Q3 24 | — | $0.05 | ||
| Q2 24 | — | $-0.01 |
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 | $327.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $530.1M |
| Total Assets | $1.3B | $605.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $327.5M | ||
| Q4 25 | $1.5M | $342.1M | ||
| Q3 25 | $2.9M | $338.6M | ||
| Q2 25 | $2.5M | $336.8M | ||
| Q1 25 | $2.4M | $325.5M | ||
| Q4 24 | $2.5M | $334.7M | ||
| Q3 24 | $21.0M | $231.3M | ||
| Q2 24 | $26.7M | $256.0M |
| Q1 26 | — | $530.1M | ||
| Q4 25 | — | $542.1M | ||
| Q3 25 | — | $537.7M | ||
| Q2 25 | — | $532.2M | ||
| Q1 25 | — | $517.4M | ||
| Q4 24 | — | $517.8M | ||
| Q3 24 | — | $400.2M | ||
| Q2 24 | — | $388.4M |
| Q1 26 | — | $605.0M | ||
| Q4 25 | $1.3B | $612.9M | ||
| Q3 25 | $1.3B | $613.2M | ||
| Q2 25 | $1.3B | $608.9M | ||
| Q1 25 | $1.2B | $590.9M | ||
| Q4 24 | $1.2B | $592.2M | ||
| Q3 24 | $1.2B | $477.3M | ||
| Q2 24 | $1.2B | $443.6M |
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 | $9.9M | ||
| Q3 25 | $99.8M | $7.0M | ||
| Q2 25 | $80.5M | $14.4M | ||
| Q1 25 | $64.8M | $9.4M | ||
| Q4 24 | $91.0M | $7.1M | ||
| Q3 24 | $93.2M | $9.2M | ||
| Q2 24 | $100.4M | $10.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $6.1M | ||
| Q3 25 | — | $2.9M | ||
| Q2 25 | — | $10.2M | ||
| Q1 25 | — | $6.0M | ||
| Q4 24 | — | $4.4M | ||
| Q3 24 | — | $5.9M | ||
| Q2 24 | — | $8.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.7% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | 10.1% | ||
| Q1 25 | — | 6.0% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 6.8% | ||
| Q2 24 | — | 9.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.6% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | — | 4.1% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 3.2% |
| Q1 26 | — | — | ||
| Q4 25 | 0.90× | 32.34× | ||
| Q3 25 | 1.09× | 5.92× | ||
| Q2 25 | 0.67× | 2.73× | ||
| Q1 25 | 4.07× | 3.21× | ||
| Q4 24 | 1.96× | 1.56× | ||
| Q3 24 | 1.01× | 2.15× | ||
| Q2 24 | 1.47× | — |
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% |
GDYN
Segment breakdown not available.
