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Side-by-side financial comparison of Black Stone Minerals, L.P. (BSM) and Proficient Auto Logistics, Inc (PAL). 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 $91.5M, roughly 1.0× Proficient Auto Logistics, Inc). Black Stone Minerals, L.P. runs the higher net margin — 75.9% vs -1.5%, a 77.4% gap on every dollar of revenue.

Black Stone Minerals, L.P., or Black Stone Minerals, is a Houston, Texas-based oil and natural gas corporation.

Proficient Auto Logistics, Inc. is a specialized automotive sector logistics provider. It offers tailored solutions including finished vehicle transport, auto parts storage and distribution, and supply chain support for automotive industry stakeholders, prioritizing reliable, efficient service delivery.

BSM vs PAL — Head-to-Head

Bigger by revenue
BSM
BSM
1.0× larger
BSM
$95.2M
$91.5M
PAL
Higher net margin
BSM
BSM
77.4% more per $
BSM
75.9%
-1.5%
PAL

Income Statement — Q4 FY2025 vs Q3 FY2024

Metric
BSM
BSM
PAL
PAL
Revenue
$95.2M
$91.5M
Net Profit
$72.2M
$-1.4M
Gross Margin
Operating Margin
78.6%
-2.4%
Net Margin
75.9%
-1.5%
Revenue YoY
-8.7%
Net Profit YoY
55.8%
EPS (diluted)
$-0.05

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.

Revenue
BSM
BSM
PAL
PAL
Q4 25
$95.2M
Q3 25
$105.2M
Q2 25
$106.7M
Q1 25
$115.3M
Q4 24
$104.3M
Q3 24
$103.2M
$91.5M
Q2 24
$115.2M
Q1 24
$116.8M
Net Profit
BSM
BSM
PAL
PAL
Q4 25
$72.2M
Q3 25
$91.7M
Q2 25
$120.0M
Q1 25
$15.9M
Q4 24
$46.3M
Q3 24
$92.7M
$-1.4M
Q2 24
$68.3M
Q1 24
$63.9M
Operating Margin
BSM
BSM
PAL
PAL
Q4 25
78.6%
Q3 25
89.5%
Q2 25
Q1 25
14.9%
Q4 24
45.6%
Q3 24
90.2%
-2.4%
Q2 24
59.5%
Q1 24
54.8%
Net Margin
BSM
BSM
PAL
PAL
Q4 25
75.9%
Q3 25
87.2%
Q2 25
112.5%
Q1 25
13.8%
Q4 24
44.4%
Q3 24
89.9%
-1.5%
Q2 24
59.3%
Q1 24
54.7%
EPS (diluted)
BSM
BSM
PAL
PAL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-0.05
Q2 24
Q1 24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BSM
BSM
PAL
PAL
Cash + ST InvestmentsLiquidity on hand
$1.5M
$16.8M
Total DebtLower is stronger
$64.0M
Stockholders' EquityBook value
$338.5M
Total Assets
$1.3B
$498.2M
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BSM
BSM
PAL
PAL
Q4 25
$1.5M
Q3 25
$2.9M
Q2 25
$2.5M
Q1 25
$2.4M
Q4 24
$2.5M
Q3 24
$21.0M
$16.8M
Q2 24
$26.7M
Q1 24
$40.5M
Total Debt
BSM
BSM
PAL
PAL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$64.0M
Q2 24
Q1 24
Stockholders' Equity
BSM
BSM
PAL
PAL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$338.5M
Q2 24
Q1 24
Total Assets
BSM
BSM
PAL
PAL
Q4 25
$1.3B
Q3 25
$1.3B
Q2 25
$1.3B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.2B
$498.2M
Q2 24
$1.2B
Q1 24
$1.2B
Debt / Equity
BSM
BSM
PAL
PAL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.19×
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BSM
BSM
PAL
PAL
Operating Cash FlowLast quarter
$65.1M
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.

Operating Cash Flow
BSM
BSM
PAL
PAL
Q4 25
$65.1M
Q3 25
$99.8M
Q2 25
$80.5M
Q1 25
$64.8M
Q4 24
$91.0M
Q3 24
$93.2M
Q2 24
$100.4M
Q1 24
$104.5M
Cash Conversion
BSM
BSM
PAL
PAL
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
BSM

Oil Reserves$46.4M49%
Natural Gas Reserves$44.1M46%
Real Estate$4.7M5%

PAL
PAL

Segment breakdown not available.

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