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Side-by-side financial comparison of Black Stone Minerals, L.P. (BSM) and HANMI FINANCIAL CORP (HAFC). 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 $71.2M, roughly 1.3× HANMI FINANCIAL CORP). Black Stone Minerals, L.P. runs the higher net margin — 75.9% vs 29.8%, a 46.0% gap on every dollar of revenue. On growth, HANMI FINANCIAL CORP posted the faster year-over-year revenue change (17.1% vs -8.7%). Over the past eight quarters, HANMI FINANCIAL CORP's revenue compounded faster (10.4% CAGR vs -9.7%).
Black Stone Minerals, L.P., or Black Stone Minerals, is a Houston, Texas-based oil and natural gas corporation.
Hanmi Bank Corporation is a community bank headquartered in Los Angeles, California, with 35 branches and eight loan production offices in California, Texas, Illinois, New York, New Jersey and Virginia.
BSM vs HAFC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $95.2M | $71.2M |
| Net Profit | $72.2M | $21.2M |
| Gross Margin | — | — |
| Operating Margin | 78.6% | 29.8% |
| Net Margin | 75.9% | 29.8% |
| Revenue YoY | -8.7% | 17.1% |
| Net Profit YoY | 55.8% | 20.0% |
| EPS (diluted) | — | $0.70 |
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 | $71.2M | ||
| Q3 25 | $105.2M | $71.0M | ||
| Q2 25 | $106.7M | $65.2M | ||
| Q1 25 | $115.3M | $62.8M | ||
| Q4 24 | $104.3M | $60.8M | ||
| Q3 24 | $103.2M | $58.5M | ||
| Q2 24 | $115.2M | $56.7M | ||
| Q1 24 | $116.8M | $58.4M |
| Q4 25 | $72.2M | $21.2M | ||
| Q3 25 | $91.7M | $22.1M | ||
| Q2 25 | $120.0M | $15.1M | ||
| Q1 25 | $15.9M | $17.7M | ||
| Q4 24 | $46.3M | $17.7M | ||
| Q3 24 | $92.7M | $14.9M | ||
| Q2 24 | $68.3M | $14.5M | ||
| Q1 24 | $63.9M | $15.2M |
| Q4 25 | 78.6% | 29.8% | ||
| Q3 25 | 89.5% | 31.1% | ||
| Q2 25 | — | 23.2% | ||
| Q1 25 | 14.9% | 28.1% | ||
| Q4 24 | 45.6% | 29.1% | ||
| Q3 24 | 90.2% | 25.5% | ||
| Q2 24 | 59.5% | 25.5% | ||
| Q1 24 | 54.8% | 26.0% |
| Q4 25 | 75.9% | 29.8% | ||
| Q3 25 | 87.2% | 31.1% | ||
| Q2 25 | 112.5% | 23.2% | ||
| Q1 25 | 13.8% | 28.1% | ||
| Q4 24 | 44.4% | 29.1% | ||
| Q3 24 | 89.9% | 25.5% | ||
| Q2 24 | 59.3% | 25.5% | ||
| Q1 24 | 54.7% | 26.0% |
| Q4 25 | — | $0.70 | ||
| Q3 25 | — | $0.73 | ||
| Q2 25 | — | $0.50 | ||
| Q1 25 | — | $0.58 | ||
| Q4 24 | — | $0.58 | ||
| Q3 24 | — | $0.49 | ||
| Q2 24 | — | $0.48 | ||
| Q1 24 | — | $0.50 |
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 | — | — |
| Stockholders' EquityBook value | — | $796.4M |
| Total Assets | $1.3B | $7.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| 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 24 | $40.5M | — |
| Q4 25 | — | $796.4M | ||
| Q3 25 | — | $779.5M | ||
| Q2 25 | — | $762.8M | ||
| Q1 25 | — | $751.5M | ||
| Q4 24 | — | $732.2M | ||
| Q3 24 | — | $736.7M | ||
| Q2 24 | — | $707.1M | ||
| Q1 24 | — | $703.1M |
| Q4 25 | $1.3B | $7.9B | ||
| Q3 25 | $1.3B | $7.9B | ||
| Q2 25 | $1.3B | $7.9B | ||
| Q1 25 | $1.2B | $7.7B | ||
| Q4 24 | $1.2B | $7.7B | ||
| Q3 24 | $1.2B | $7.7B | ||
| Q2 24 | $1.2B | $7.6B | ||
| Q1 24 | $1.2B | $7.5B |
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 | $206.0M |
| Free Cash FlowOCF − Capex | — | $203.7M |
| FCF MarginFCF / Revenue | — | 286.2% |
| Capex IntensityCapex / Revenue | — | 3.2% |
| Cash ConversionOCF / Net Profit | 0.90× | 9.70× |
| TTM Free Cash FlowTrailing 4 quarters | — | $356.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $65.1M | $206.0M | ||
| Q3 25 | $99.8M | $146.9M | ||
| Q2 25 | $80.5M | $-19.0M | ||
| Q1 25 | $64.8M | $25.8M | ||
| Q4 24 | $91.0M | $52.6M | ||
| Q3 24 | $93.2M | $6.7M | ||
| Q2 24 | $100.4M | $2.1M | ||
| Q1 24 | $104.5M | $30.0M |
| Q4 25 | — | $203.7M | ||
| Q3 25 | — | $146.4M | ||
| Q2 25 | — | $-19.6M | ||
| Q1 25 | — | $25.6M | ||
| Q4 24 | — | $49.9M | ||
| Q3 24 | — | $6.5M | ||
| Q2 24 | — | $1.3M | ||
| Q1 24 | — | $29.2M |
| Q4 25 | — | 286.2% | ||
| Q3 25 | — | 206.3% | ||
| Q2 25 | — | -30.0% | ||
| Q1 25 | — | 40.7% | ||
| Q4 24 | — | 82.1% | ||
| Q3 24 | — | 11.1% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | — | 50.0% |
| Q4 25 | — | 3.2% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 4.3% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 1.4% |
| Q4 25 | 0.90× | 9.70× | ||
| Q3 25 | 1.09× | 6.66× | ||
| Q2 25 | 0.67× | -1.26× | ||
| Q1 25 | 4.07× | 1.46× | ||
| Q4 24 | 1.96× | 2.97× | ||
| Q3 24 | 1.01× | 0.45× | ||
| Q2 24 | 1.47× | 0.14× | ||
| Q1 24 | 1.63× | 1.98× |
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% |
HAFC
Segment breakdown not available.
