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Side-by-side financial comparison of Black Stone Minerals, L.P. (BSM) and HIVE Digital Technologies Ltd. (HIVE). 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 $93.1M, roughly 1.0× HIVE Digital Technologies Ltd.). Black Stone Minerals, L.P. runs the higher net margin — 75.9% vs -98.1%, a 174.0% gap on every dollar of revenue. On growth, HIVE Digital Technologies Ltd. posted the faster year-over-year revenue change (218.6% vs -8.7%). Over the past eight quarters, HIVE Digital Technologies Ltd.'s revenue compounded faster (102.2% CAGR vs -9.7%).
Black Stone Minerals, L.P., or Black Stone Minerals, is a Houston, Texas-based oil and natural gas corporation.
Mastech Digital, Inc. is a digital transformation and information technology (IT) services company headquartered in Pittsburgh, Pennsylvania, providing services to corporations across North America, Middle East, Asian, and Japan.
BSM vs HIVE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $95.2M | $93.1M |
| Net Profit | $72.2M | $-91.3M |
| Gross Margin | — | -27.1% |
| Operating Margin | 78.6% | — |
| Net Margin | 75.9% | -98.1% |
| Revenue YoY | -8.7% | 218.6% |
| Net Profit YoY | 55.8% | -234.0% |
| EPS (diluted) | — | $-0.38 |
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 | $93.1M | ||
| Q3 25 | $105.2M | $87.3M | ||
| Q2 25 | $106.7M | $45.6M | ||
| Q1 25 | $115.3M | — | ||
| Q4 24 | $104.3M | $29.2M | ||
| Q3 24 | $103.2M | $22.6M | ||
| Q2 24 | $115.2M | $32.2M | ||
| Q1 24 | $116.8M | — |
| Q4 25 | $72.2M | $-91.3M | ||
| Q3 25 | $91.7M | $-15.8M | ||
| Q2 25 | $120.0M | $35.0M | ||
| Q1 25 | $15.9M | — | ||
| Q4 24 | $46.3M | $68.2M | ||
| Q3 24 | $92.7M | $80.0K | ||
| Q2 24 | $68.3M | $-18.3M | ||
| Q1 24 | $63.9M | — |
| Q4 25 | — | -27.1% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | -13.6% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -43.7% | ||
| Q3 24 | — | -66.1% | ||
| Q2 24 | — | -7.4% | ||
| Q1 24 | — | — |
| Q4 25 | 78.6% | — | ||
| Q3 25 | 89.5% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 14.9% | — | ||
| Q4 24 | 45.6% | — | ||
| Q3 24 | 90.2% | — | ||
| Q2 24 | 59.5% | — | ||
| Q1 24 | 54.8% | — |
| Q4 25 | 75.9% | -98.1% | ||
| Q3 25 | 87.2% | -18.1% | ||
| Q2 25 | 112.5% | 76.8% | ||
| Q1 25 | 13.8% | — | ||
| Q4 24 | 44.4% | 233.2% | ||
| Q3 24 | 89.9% | 0.4% | ||
| Q2 24 | 59.3% | -56.7% | ||
| Q1 24 | 54.7% | — |
| Q4 25 | — | $-0.38 | ||
| Q3 25 | — | $-0.07 | ||
| Q2 25 | — | $0.18 | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0.52 | ||
| Q3 24 | — | $0.00 | ||
| Q2 24 | — | $-0.17 | ||
| Q1 24 | — | — |
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 | — | $559.3M |
| Total Assets | $1.3B | $624.0M |
| 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 | $40.5M | ||
| Q3 24 | $21.0M | $31.7M | ||
| Q2 24 | $26.7M | — | ||
| Q1 24 | $40.5M | — |
| Q4 25 | — | $559.3M | ||
| Q3 25 | — | $624.6M | ||
| Q2 25 | — | $560.5M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $430.9M | ||
| Q3 24 | — | $275.5M | ||
| Q2 24 | — | $268.6M | ||
| Q1 24 | — | — |
| Q4 25 | $1.3B | $624.0M | ||
| Q3 25 | $1.3B | $693.0M | ||
| Q2 25 | $1.3B | $628.7M | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.2B | $478.6M | ||
| Q3 24 | $1.2B | $334.7M | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
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 | $46.0M |
| 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.
| Q4 25 | $65.1M | $46.0M | ||
| Q3 25 | $99.8M | $-10.6M | ||
| Q2 25 | $80.5M | $10.2M | ||
| Q1 25 | $64.8M | — | ||
| Q4 24 | $91.0M | $-28.5M | ||
| Q3 24 | $93.2M | $-2.2M | ||
| Q2 24 | $100.4M | $-4.4M | ||
| Q1 24 | $104.5M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-55.5M | ||
| Q3 24 | — | $-34.7M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -189.9% | ||
| Q3 24 | — | -153.4% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 92.5% | ||
| Q3 24 | — | 143.9% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 0.90× | — | ||
| Q3 25 | 1.09× | — | ||
| Q2 25 | 0.67× | 0.29× | ||
| Q1 25 | 4.07× | — | ||
| Q4 24 | 1.96× | -0.42× | ||
| Q3 24 | 1.01× | -26.94× | ||
| 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% |
HIVE
Segment breakdown not available.
