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Side-by-side financial comparison of Black Stone Minerals, L.P. (BSM) and MARINE PRODUCTS CORP (MPX). 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 $64.6M, roughly 1.5× MARINE PRODUCTS CORP). Black Stone Minerals, L.P. runs the higher net margin — 75.9% vs 3.7%, a 72.2% gap on every dollar of revenue. On growth, MARINE PRODUCTS CORP posted the faster year-over-year revenue change (35.0% vs -8.7%). Over the past eight quarters, MARINE PRODUCTS CORP's revenue compounded faster (-3.5% CAGR vs -9.7%).
Black Stone Minerals, L.P., or Black Stone Minerals, is a Houston, Texas-based oil and natural gas corporation.
West Marine is an American company based in Fort Lauderdale, Florida, which operates a chain of boating supply and fishing retail stores. The company has 247 retail stores in North America. West Marine also runs Blue Future a non profit organization. West Marine's flagship store is in Fort Lauderdale. Opened on November 11, 2011, the store is the company's largest at over 50,000 square feet.
BSM vs MPX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $95.2M | $64.6M |
| Net Profit | $72.2M | $2.4M |
| Gross Margin | — | 19.6% |
| Operating Margin | 78.6% | 5.8% |
| Net Margin | 75.9% | 3.7% |
| Revenue YoY | -8.7% | 35.0% |
| Net Profit YoY | 55.8% | -44.6% |
| EPS (diluted) | — | $0.07 |
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 | $64.6M | ||
| Q3 25 | $105.2M | $53.1M | ||
| Q2 25 | $106.7M | $67.7M | ||
| Q1 25 | $115.3M | $59.0M | ||
| Q4 24 | $104.3M | $47.8M | ||
| Q3 24 | $103.2M | $49.9M | ||
| Q2 24 | $115.2M | $69.5M | ||
| Q1 24 | $116.8M | $69.3M |
| Q4 25 | $72.2M | $2.4M | ||
| Q3 25 | $91.7M | $2.6M | ||
| Q2 25 | $120.0M | $4.2M | ||
| Q1 25 | $15.9M | $2.2M | ||
| Q4 24 | $46.3M | $4.3M | ||
| Q3 24 | $92.7M | $3.4M | ||
| Q2 24 | $68.3M | $5.6M | ||
| Q1 24 | $63.9M | $4.6M |
| Q4 25 | — | 19.6% | ||
| Q3 25 | — | 19.2% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | 18.6% | ||
| Q4 24 | — | 19.2% | ||
| Q3 24 | — | 18.4% | ||
| Q2 24 | — | 18.9% | ||
| Q1 24 | — | 20.2% |
| Q4 25 | 78.6% | 5.8% | ||
| Q3 25 | 89.5% | 5.4% | ||
| Q2 25 | — | 7.1% | ||
| Q1 25 | 14.9% | 4.4% | ||
| Q4 24 | 45.6% | 7.7% | ||
| Q3 24 | 90.2% | 7.2% | ||
| Q2 24 | 59.5% | 8.3% | ||
| Q1 24 | 54.8% | 7.6% |
| Q4 25 | 75.9% | 3.7% | ||
| Q3 25 | 87.2% | 5.0% | ||
| Q2 25 | 112.5% | 6.1% | ||
| Q1 25 | 13.8% | 3.7% | ||
| Q4 24 | 44.4% | 8.9% | ||
| Q3 24 | 89.9% | 6.8% | ||
| Q2 24 | 59.3% | 8.0% | ||
| Q1 24 | 54.7% | 6.6% |
| Q4 25 | — | $0.07 | ||
| Q3 25 | — | $0.07 | ||
| Q2 25 | — | $0.12 | ||
| Q1 25 | — | $0.06 | ||
| Q4 24 | — | $0.13 | ||
| Q3 24 | — | $0.10 | ||
| Q2 24 | — | $0.14 | ||
| Q1 24 | — | $0.13 |
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 | — | $125.0M |
| Total Assets | $1.3B | $147.2M |
| 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 | — | $125.0M | ||
| Q3 25 | — | $126.3M | ||
| Q2 25 | — | $127.2M | ||
| Q1 25 | — | $126.4M | ||
| Q4 24 | — | $129.0M | ||
| Q3 24 | — | $128.8M | ||
| Q2 24 | — | $129.3M | ||
| Q1 24 | — | $151.4M |
| Q4 25 | $1.3B | $147.2M | ||
| Q3 25 | $1.3B | $179.5M | ||
| Q2 25 | $1.3B | $173.2M | ||
| Q1 25 | $1.2B | $182.9M | ||
| Q4 24 | $1.2B | $171.2M | ||
| Q3 24 | $1.2B | $176.3M | ||
| Q2 24 | $1.2B | $175.7M | ||
| Q1 24 | $1.2B | $204.0M |
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 | $4.7M |
| Free Cash FlowOCF − Capex | — | $4.1M |
| FCF MarginFCF / Revenue | — | 6.4% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | 0.90× | 2.00× |
| TTM Free Cash FlowTrailing 4 quarters | — | $14.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $65.1M | $4.7M | ||
| Q3 25 | $99.8M | $2.6M | ||
| Q2 25 | $80.5M | $-1.6M | ||
| Q1 25 | $64.8M | $10.8M | ||
| Q4 24 | $91.0M | $4.6M | ||
| Q3 24 | $93.2M | $5.1M | ||
| Q2 24 | $100.4M | $3.8M | ||
| Q1 24 | $104.5M | $15.9M |
| Q4 25 | — | $4.1M | ||
| Q3 25 | — | $2.1M | ||
| Q2 25 | — | $-2.0M | ||
| Q1 25 | — | $10.7M | ||
| Q4 24 | — | $3.6M | ||
| Q3 24 | — | $3.2M | ||
| Q2 24 | — | $3.0M | ||
| Q1 24 | — | $15.0M |
| Q4 25 | — | 6.4% | ||
| Q3 25 | — | 4.0% | ||
| Q2 25 | — | -3.0% | ||
| Q1 25 | — | 18.1% | ||
| Q4 24 | — | 7.6% | ||
| Q3 24 | — | 6.5% | ||
| Q2 24 | — | 4.4% | ||
| Q1 24 | — | 21.7% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | — | 1.1% | ||
| Q1 24 | — | 1.3% |
| Q4 25 | 0.90× | 2.00× | ||
| Q3 25 | 1.09× | 0.97× | ||
| Q2 25 | 0.67× | -0.39× | ||
| Q1 25 | 4.07× | 4.88× | ||
| Q4 24 | 1.96× | 1.09× | ||
| Q3 24 | 1.01× | 1.51× | ||
| Q2 24 | 1.47× | 0.68× | ||
| Q1 24 | 1.63× | 3.46× |
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% |
MPX
| Boats And Accessories | $63.4M | 98% |
| Parts | $1.1M | 2% |
