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Side-by-side financial comparison of Black Stone Minerals, L.P. (BSM) and HEALTHSTREAM INC (HSTM). 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 $79.7M, roughly 1.2× HEALTHSTREAM INC). On growth, HEALTHSTREAM INC posted the faster year-over-year revenue change (7.4% vs -8.7%). Over the past eight quarters, HEALTHSTREAM INC's revenue compounded faster (4.7% CAGR vs -9.7%).
Black Stone Minerals, L.P., or Black Stone Minerals, is a Houston, Texas-based oil and natural gas corporation.
HealthStream Inc is a leading U.S.-based provider of workforce development, compliance, and training solutions tailored for the healthcare industry. It offers cloud-based platforms covering clinical skill training, talent management, patient safety education, and regulatory adherence tools, serving over 4,000 healthcare organizations including hospitals, clinics, and long-term care facilities nationwide.
BSM vs HSTM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $95.2M | $79.7M |
| Net Profit | $72.2M | — |
| Gross Margin | — | — |
| Operating Margin | 78.6% | 3.0% |
| Net Margin | 75.9% | — |
| Revenue YoY | -8.7% | 7.4% |
| Net Profit YoY | 55.8% | — |
| EPS (diluted) | — | $0.09 |
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 | $79.7M | ||
| Q3 25 | $105.2M | $76.5M | ||
| Q2 25 | $106.7M | $74.4M | ||
| Q1 25 | $115.3M | $73.5M | ||
| Q4 24 | $104.3M | $74.2M | ||
| Q3 24 | $103.2M | $73.1M | ||
| Q2 24 | $115.2M | $71.6M | ||
| Q1 24 | $116.8M | $72.8M |
| Q4 25 | $72.2M | — | ||
| Q3 25 | $91.7M | $6.1M | ||
| Q2 25 | $120.0M | $5.4M | ||
| Q1 25 | $15.9M | $4.3M | ||
| Q4 24 | $46.3M | — | ||
| Q3 24 | $92.7M | $5.7M | ||
| Q2 24 | $68.3M | $4.2M | ||
| Q1 24 | $63.9M | $5.2M |
| Q4 25 | 78.6% | 3.0% | ||
| Q3 25 | 89.5% | 9.9% | ||
| Q2 25 | — | 7.9% | ||
| Q1 25 | 14.9% | 6.0% | ||
| Q4 24 | 45.6% | 6.3% | ||
| Q3 24 | 90.2% | 8.9% | ||
| Q2 24 | 59.5% | 6.2% | ||
| Q1 24 | 54.8% | 7.8% |
| Q4 25 | 75.9% | — | ||
| Q3 25 | 87.2% | 8.0% | ||
| Q2 25 | 112.5% | 7.2% | ||
| Q1 25 | 13.8% | 5.9% | ||
| Q4 24 | 44.4% | — | ||
| Q3 24 | 89.9% | 7.8% | ||
| Q2 24 | 59.3% | 5.8% | ||
| Q1 24 | 54.7% | 7.2% |
| Q4 25 | — | $0.09 | ||
| Q3 25 | — | $0.20 | ||
| Q2 25 | — | $0.18 | ||
| Q1 25 | — | $0.14 | ||
| Q4 24 | — | $0.16 | ||
| Q3 24 | — | $0.19 | ||
| Q2 24 | — | $0.14 | ||
| Q1 24 | — | $0.17 |
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 | $36.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $354.0M |
| Total Assets | $1.3B | $520.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $36.2M | ||
| Q3 25 | $2.9M | $53.5M | ||
| Q2 25 | $2.5M | $52.1M | ||
| Q1 25 | $2.4M | $77.3M | ||
| Q4 24 | $2.5M | $59.5M | ||
| Q3 24 | $21.0M | $57.5M | ||
| Q2 24 | $26.7M | $46.1M | ||
| Q1 24 | $40.5M | $52.4M |
| Q4 25 | — | $354.0M | ||
| Q3 25 | — | $349.2M | ||
| Q2 25 | — | $350.6M | ||
| Q1 25 | — | $362.8M | ||
| Q4 24 | — | $359.4M | ||
| Q3 24 | — | $355.5M | ||
| Q2 24 | — | $349.2M | ||
| Q1 24 | — | $344.9M |
| Q4 25 | $1.3B | $520.4M | ||
| Q3 25 | $1.3B | $499.9M | ||
| Q2 25 | $1.3B | $500.1M | ||
| Q1 25 | $1.2B | $524.0M | ||
| Q4 24 | $1.2B | $510.8M | ||
| Q3 24 | $1.2B | $502.8M | ||
| Q2 24 | $1.2B | $499.6M | ||
| Q1 24 | $1.2B | $511.6M |
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 | $13.2M |
| Free Cash FlowOCF − Capex | — | $13.0M |
| FCF MarginFCF / Revenue | — | 16.3% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | 0.90× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $59.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $65.1M | $13.2M | ||
| Q3 25 | $99.8M | $18.0M | ||
| Q2 25 | $80.5M | $5.0M | ||
| Q1 25 | $64.8M | $27.1M | ||
| Q4 24 | $91.0M | $11.2M | ||
| Q3 24 | $93.2M | $19.1M | ||
| Q2 24 | $100.4M | $6.5M | ||
| Q1 24 | $104.5M | $20.9M |
| Q4 25 | — | $13.0M | ||
| Q3 25 | — | $17.9M | ||
| Q2 25 | — | $2.7M | ||
| Q1 25 | — | $26.0M | ||
| Q4 24 | — | $11.0M | ||
| Q3 24 | — | $18.8M | ||
| Q2 24 | — | $6.3M | ||
| Q1 24 | — | $20.2M |
| Q4 25 | — | 16.3% | ||
| Q3 25 | — | 23.4% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 35.4% | ||
| Q4 24 | — | 14.8% | ||
| Q3 24 | — | 25.8% | ||
| Q2 24 | — | 8.8% | ||
| Q1 24 | — | 27.8% |
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 1.0% |
| Q4 25 | 0.90× | — | ||
| Q3 25 | 1.09× | 2.96× | ||
| Q2 25 | 0.67× | 0.93× | ||
| Q1 25 | 4.07× | 6.25× | ||
| Q4 24 | 1.96× | — | ||
| Q3 24 | 1.01× | 3.34× | ||
| Q2 24 | 1.47× | 1.55× | ||
| Q1 24 | 1.63× | 4.01× |
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% |
HSTM
| Subscription Services | $77.0M | 97% |
| Professional Services | $2.7M | 3% |
