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Side-by-side financial comparison of Black Stone Minerals, L.P. (BSM) and Ouster, Inc. (OUST). 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 $62.2M, roughly 1.5× Ouster, Inc.). On growth, Ouster, Inc. posted the faster year-over-year revenue change (106.6% vs -8.7%). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (54.8% CAGR vs -9.7%).
Black Stone Minerals, L.P., or Black Stone Minerals, is a Houston, Texas-based oil and natural gas corporation.
Ouster, Inc. is an American lidar technology company headquartered in San Francisco, California. It builds high-resolution, digital 3D lidar sensors for use in autonomous vehicles, industrial, robotics, drones, mapping, defense, and security systems.
BSM vs OUST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $95.2M | $62.2M |
| Net Profit | $72.2M | — |
| Gross Margin | — | 60.2% |
| Operating Margin | 78.6% | 1.5% |
| Net Margin | 75.9% | — |
| Revenue YoY | -8.7% | 106.6% |
| Net Profit YoY | 55.8% | — |
| EPS (diluted) | — | $0.10 |
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 | $62.2M | ||
| Q3 25 | $105.2M | $39.5M | ||
| Q2 25 | $106.7M | $35.0M | ||
| Q1 25 | $115.3M | $32.6M | ||
| Q4 24 | $104.3M | $30.1M | ||
| Q3 24 | $103.2M | $28.1M | ||
| Q2 24 | $115.2M | $27.0M | ||
| Q1 24 | $116.8M | $25.9M |
| Q4 25 | $72.2M | — | ||
| Q3 25 | $91.7M | $-21.7M | ||
| Q2 25 | $120.0M | $-20.6M | ||
| Q1 25 | $15.9M | $-22.0M | ||
| Q4 24 | $46.3M | — | ||
| Q3 24 | $92.7M | $-25.6M | ||
| Q2 24 | $68.3M | $-23.9M | ||
| Q1 24 | $63.9M | $-23.8M |
| Q4 25 | — | 60.2% | ||
| Q3 25 | — | 42.1% | ||
| Q2 25 | — | 45.2% | ||
| Q1 25 | — | 41.3% | ||
| Q4 24 | — | 43.8% | ||
| Q3 24 | — | 38.3% | ||
| Q2 24 | — | 33.7% | ||
| Q1 24 | — | 28.6% |
| Q4 25 | 78.6% | 1.5% | ||
| Q3 25 | 89.5% | -61.4% | ||
| Q2 25 | — | -76.5% | ||
| Q1 25 | 14.9% | -73.0% | ||
| Q4 24 | 45.6% | -85.1% | ||
| Q3 24 | 90.2% | -98.0% | ||
| Q2 24 | 59.5% | -93.6% | ||
| Q1 24 | 54.8% | -99.5% |
| Q4 25 | 75.9% | — | ||
| Q3 25 | 87.2% | -55.0% | ||
| Q2 25 | 112.5% | -58.8% | ||
| Q1 25 | 13.8% | -67.5% | ||
| Q4 24 | 44.4% | — | ||
| Q3 24 | 89.9% | -91.1% | ||
| Q2 24 | 59.3% | -88.4% | ||
| Q1 24 | 54.7% | -91.9% |
| Q4 25 | — | $0.10 | ||
| Q3 25 | — | $-0.37 | ||
| Q2 25 | — | $-0.38 | ||
| Q1 25 | — | $-0.42 | ||
| Q4 24 | — | $-0.46 | ||
| Q3 24 | — | $-0.54 | ||
| Q2 24 | — | $-0.53 | ||
| Q1 24 | — | $-0.55 |
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 | $208.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $261.7M |
| Total Assets | $1.3B | $349.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $208.6M | ||
| Q3 25 | $2.9M | $244.5M | ||
| Q2 25 | $2.5M | $226.5M | ||
| Q1 25 | $2.4M | $168.2M | ||
| Q4 24 | $2.5M | $172.0M | ||
| Q3 24 | $21.0M | $151.4M | ||
| Q2 24 | $26.7M | $184.2M | ||
| Q1 24 | $40.5M | $187.8M |
| Q4 25 | — | $261.7M | ||
| Q3 25 | — | $247.4M | ||
| Q2 25 | — | $221.0M | ||
| Q1 25 | — | $167.9M | ||
| Q4 24 | — | $180.9M | ||
| Q3 24 | — | $171.7M | ||
| Q2 24 | — | $170.6M | ||
| Q1 24 | — | $167.2M |
| Q4 25 | $1.3B | $349.5M | ||
| Q3 25 | $1.3B | $353.8M | ||
| Q2 25 | $1.3B | $321.8M | ||
| Q1 25 | $1.2B | $268.6M | ||
| Q4 24 | $1.2B | $276.1M | ||
| Q3 24 | $1.2B | $255.2M | ||
| Q2 24 | $1.2B | $309.9M | ||
| Q1 24 | $1.2B | $317.7M |
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 | $-15.4M |
| Free Cash FlowOCF − Capex | — | $-37.2M |
| FCF MarginFCF / Revenue | — | -59.8% |
| Capex IntensityCapex / Revenue | — | 35.0% |
| Cash ConversionOCF / Net Profit | 0.90× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-64.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $65.1M | $-15.4M | ||
| Q3 25 | $99.8M | $-18.3M | ||
| Q2 25 | $80.5M | $-1.3M | ||
| Q1 25 | $64.8M | $-4.9M | ||
| Q4 24 | $91.0M | $-2.6M | ||
| Q3 24 | $93.2M | $-3.8M | ||
| Q2 24 | $100.4M | $-21.6M | ||
| Q1 24 | $104.5M | $-5.7M |
| Q4 25 | — | $-37.2M | ||
| Q3 25 | — | $-20.0M | ||
| Q2 25 | — | $-2.2M | ||
| Q1 25 | — | $-5.4M | ||
| Q4 24 | — | $-4.0M | ||
| Q3 24 | — | $-4.3M | ||
| Q2 24 | — | $-22.0M | ||
| Q1 24 | — | $-7.1M |
| Q4 25 | — | -59.8% | ||
| Q3 25 | — | -50.7% | ||
| Q2 25 | — | -6.3% | ||
| Q1 25 | — | -16.6% | ||
| Q4 24 | — | -13.3% | ||
| Q3 24 | — | -15.4% | ||
| Q2 24 | — | -81.5% | ||
| Q1 24 | — | -27.4% |
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 4.8% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 5.3% |
| Q4 25 | 0.90× | — | ||
| Q3 25 | 1.09× | — | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 4.07× | — | ||
| Q4 24 | 1.96× | — | ||
| 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% |
OUST
Segment breakdown not available.
