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Side-by-side financial comparison of Black Stone Minerals, L.P. (BSM) and Hippo Holdings Inc. (HIPO). Click either name above to swap in a different company.
Hippo Holdings Inc. is the larger business by last-quarter revenue ($120.4M vs $95.2M, roughly 1.3× Black Stone Minerals, L.P.). Black Stone Minerals, L.P. runs the higher net margin — 75.9% vs 5.0%, a 70.9% gap on every dollar of revenue. On growth, Hippo Holdings Inc. posted the faster year-over-year revenue change (18.2% vs -8.7%). Over the past eight quarters, Hippo Holdings Inc.'s revenue compounded faster (18.9% CAGR vs -9.7%).
Black Stone Minerals, L.P., or Black Stone Minerals, is a Houston, Texas-based oil and natural gas corporation.
Hippo Valley Estate is a sugar estate found near the town of Chiredzi in Chiredzi District of southeastern Zimbabwe, on the Runde River near the border with Mozambique.
BSM vs HIPO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $95.2M | $120.4M |
| Net Profit | $72.2M | $6.0M |
| Gross Margin | — | — |
| Operating Margin | 78.6% | 5.6% |
| Net Margin | 75.9% | 5.0% |
| Revenue YoY | -8.7% | 18.2% |
| Net Profit YoY | 55.8% | -86.4% |
| EPS (diluted) | — | $0.31 |
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 | $120.4M | ||
| Q3 25 | $105.2M | $120.6M | ||
| Q2 25 | $106.7M | $117.3M | ||
| Q1 25 | $115.3M | $110.3M | ||
| Q4 24 | $104.3M | $101.9M | ||
| Q3 24 | $103.2M | $95.5M | ||
| Q2 24 | $115.2M | $89.6M | ||
| Q1 24 | $116.8M | $85.1M |
| Q4 25 | $72.2M | $6.0M | ||
| Q3 25 | $91.7M | $98.1M | ||
| Q2 25 | $120.0M | $1.3M | ||
| Q1 25 | $15.9M | $-47.7M | ||
| Q4 24 | $46.3M | $44.2M | ||
| Q3 24 | $92.7M | $-8.5M | ||
| Q2 24 | $68.3M | $-40.5M | ||
| Q1 24 | $63.9M | $-35.7M |
| Q4 25 | 78.6% | 5.6% | ||
| Q3 25 | 89.5% | 81.3% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | 14.9% | -41.3% | ||
| Q4 24 | 45.6% | 46.3% | ||
| Q3 24 | 90.2% | -5.4% | ||
| Q2 24 | 59.5% | -40.7% | ||
| Q1 24 | 54.8% | -38.7% |
| Q4 25 | 75.9% | 5.0% | ||
| Q3 25 | 87.2% | 81.3% | ||
| Q2 25 | 112.5% | 1.1% | ||
| Q1 25 | 13.8% | -43.2% | ||
| Q4 24 | 44.4% | 43.4% | ||
| Q3 24 | 89.9% | -8.9% | ||
| Q2 24 | 59.3% | -45.2% | ||
| Q1 24 | 54.7% | -42.0% |
| Q4 25 | — | $0.31 | ||
| Q3 25 | — | $3.77 | ||
| Q2 25 | — | $0.05 | ||
| Q1 25 | — | $-1.91 | ||
| Q4 24 | — | $1.81 | ||
| Q3 24 | — | $-0.34 | ||
| Q2 24 | — | $-1.64 | ||
| Q1 24 | — | $-1.47 |
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 | $218.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $436.1M |
| Total Assets | $1.3B | $1.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $218.3M | ||
| Q3 25 | $2.9M | $247.7M | ||
| Q2 25 | $2.5M | $198.9M | ||
| Q1 25 | $2.4M | $140.9M | ||
| Q4 24 | $2.5M | $197.6M | ||
| Q3 24 | $21.0M | $191.2M | ||
| Q2 24 | $26.7M | $175.9M | ||
| Q1 24 | $40.5M | $223.4M |
| Q4 25 | — | $436.1M | ||
| Q3 25 | — | $421.5M | ||
| Q2 25 | — | $332.5M | ||
| Q1 25 | — | $322.8M | ||
| Q4 24 | — | $362.1M | ||
| Q3 24 | — | $326.4M | ||
| Q2 24 | — | $322.6M | ||
| Q1 24 | — | $351.2M |
| Q4 25 | $1.3B | $1.9B | ||
| Q3 25 | $1.3B | $1.9B | ||
| Q2 25 | $1.3B | $1.7B | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.2B | $1.5B | ||
| Q3 24 | $1.2B | $1.5B | ||
| Q2 24 | $1.2B | $1.5B | ||
| Q1 24 | $1.2B | $1.5B |
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 | $9.2M |
| Free Cash FlowOCF − Capex | — | $9.1M |
| FCF MarginFCF / Revenue | — | 7.6% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 0.90× | 1.53× |
| TTM Free Cash FlowTrailing 4 quarters | — | $14.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $65.1M | $9.2M | ||
| Q3 25 | $99.8M | $16.9M | ||
| Q2 25 | $80.5M | $24.7M | ||
| Q1 25 | $64.8M | $-35.6M | ||
| Q4 24 | $91.0M | $47.5M | ||
| Q3 24 | $93.2M | $46.8M | ||
| Q2 24 | $100.4M | $-10.6M | ||
| Q1 24 | $104.5M | $17.7M |
| Q4 25 | — | $9.1M | ||
| Q3 25 | — | $16.8M | ||
| Q2 25 | — | $24.6M | ||
| Q1 25 | — | $-35.7M | ||
| Q4 24 | — | $47.2M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $-10.7M | ||
| Q1 24 | — | $17.6M |
| Q4 25 | — | 7.6% | ||
| Q3 25 | — | 13.9% | ||
| Q2 25 | — | 21.0% | ||
| Q1 25 | — | -32.4% | ||
| Q4 24 | — | 46.3% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -11.9% | ||
| Q1 24 | — | 20.7% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | 0.90× | 1.53× | ||
| Q3 25 | 1.09× | 0.17× | ||
| Q2 25 | 0.67× | 19.00× | ||
| Q1 25 | 4.07× | — | ||
| Q4 24 | 1.96× | 1.07× | ||
| 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% |
HIPO
Segment breakdown not available.
