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Side-by-side financial comparison of Black Stone Minerals, L.P. (BSM) and PagerDuty, Inc. (PD). Click either name above to swap in a different company.
PagerDuty, Inc. is the larger business by last-quarter revenue ($124.5M vs $95.2M, roughly 1.3× Black Stone Minerals, L.P.). PagerDuty, Inc. runs the higher net margin — 129.7% vs 75.9%, a 53.9% gap on every dollar of revenue. On growth, PagerDuty, Inc. posted the faster year-over-year revenue change (4.7% vs -8.7%). Over the past eight quarters, PagerDuty, Inc.'s revenue compounded faster (5.9% CAGR vs -9.7%).
Black Stone Minerals, L.P., or Black Stone Minerals, is a Houston, Texas-based oil and natural gas corporation.
PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.
BSM vs PD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $95.2M | $124.5M |
| Net Profit | $72.2M | $161.6M |
| Gross Margin | — | 85.3% |
| Operating Margin | 78.6% | 6.5% |
| Net Margin | 75.9% | 129.7% |
| Revenue YoY | -8.7% | 4.7% |
| Net Profit YoY | 55.8% | 2827.7% |
| EPS (diluted) | — | $1.69 |
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 | $124.5M | ||
| Q3 25 | $105.2M | $123.4M | ||
| Q2 25 | $106.7M | $119.8M | ||
| Q1 25 | $115.3M | $121.4M | ||
| Q4 24 | $104.3M | $118.9M | ||
| Q3 24 | $103.2M | $115.9M | ||
| Q2 24 | $115.2M | $111.2M | ||
| Q1 24 | $116.8M | $111.1M |
| Q4 25 | $72.2M | $161.6M | ||
| Q3 25 | $91.7M | $9.6M | ||
| Q2 25 | $120.0M | $-7.2M | ||
| Q1 25 | $15.9M | $-8.8M | ||
| Q4 24 | $46.3M | $-5.9M | ||
| Q3 24 | $92.7M | $-10.9M | ||
| Q2 24 | $68.3M | $-17.1M | ||
| Q1 24 | $63.9M | $-28.2M |
| Q4 25 | — | 85.3% | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | 84.0% | ||
| Q1 25 | — | 83.6% | ||
| Q4 24 | — | 83.0% | ||
| Q3 24 | — | 82.7% | ||
| Q2 24 | — | 82.6% | ||
| Q1 24 | — | 81.7% |
| Q4 25 | 78.6% | 6.5% | ||
| Q3 25 | 89.5% | 2.9% | ||
| Q2 25 | — | -8.6% | ||
| Q1 25 | 14.9% | -9.6% | ||
| Q4 24 | 45.6% | -8.7% | ||
| Q3 24 | 90.2% | -13.8% | ||
| Q2 24 | 59.5% | -19.5% | ||
| Q1 24 | 54.8% | -30.1% |
| Q4 25 | 75.9% | 129.7% | ||
| Q3 25 | 87.2% | 7.8% | ||
| Q2 25 | 112.5% | -6.0% | ||
| Q1 25 | 13.8% | -7.2% | ||
| Q4 24 | 44.4% | -5.0% | ||
| Q3 24 | 89.9% | -9.4% | ||
| Q2 24 | 59.3% | -15.4% | ||
| Q1 24 | 54.7% | -25.3% |
| Q4 25 | — | $1.69 | ||
| Q3 25 | — | $0.10 | ||
| Q2 25 | — | $-0.07 | ||
| Q1 25 | — | $-0.12 | ||
| Q4 24 | — | $-0.07 | ||
| Q3 24 | — | $-0.14 | ||
| Q2 24 | — | $-0.26 | ||
| Q1 24 | — | $-0.34 |
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 | $547.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $320.5M |
| Total Assets | $1.3B | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $547.8M | ||
| Q3 25 | $2.9M | $567.9M | ||
| Q2 25 | $2.5M | $597.1M | ||
| Q1 25 | $2.4M | $570.8M | ||
| Q4 24 | $2.5M | $542.2M | ||
| Q3 24 | $21.0M | $599.3M | ||
| Q2 24 | $26.7M | $592.8M | ||
| Q1 24 | $40.5M | $571.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $484.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $489.5M |
| Q4 25 | — | $320.5M | ||
| Q3 25 | — | $180.7M | ||
| Q2 25 | — | $145.7M | ||
| Q1 25 | — | $129.8M | ||
| Q4 24 | — | $111.6M | ||
| Q3 24 | — | $164.7M | ||
| Q2 24 | — | $174.0M | ||
| Q1 24 | — | $171.6M |
| Q4 25 | $1.3B | $1.0B | ||
| Q3 25 | $1.3B | $891.5M | ||
| Q2 25 | $1.3B | $926.8M | ||
| Q1 25 | $1.2B | $927.3M | ||
| Q4 24 | $1.2B | $866.8M | ||
| Q3 24 | $1.2B | $916.0M | ||
| Q2 24 | $1.2B | $924.0M | ||
| Q1 24 | $1.2B | $925.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.73× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.85× |
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 | $24.8M |
| Free Cash FlowOCF − Capex | — | $24.1M |
| FCF MarginFCF / Revenue | — | 19.3% |
| Capex IntensityCapex / Revenue | — | 0.6% |
| Cash ConversionOCF / Net Profit | 0.90× | 0.15× |
| TTM Free Cash FlowTrailing 4 quarters | — | $117.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $65.1M | $24.8M | ||
| Q3 25 | $99.8M | $34.0M | ||
| Q2 25 | $80.5M | $30.7M | ||
| Q1 25 | $64.8M | $31.4M | ||
| Q4 24 | $91.0M | $22.1M | ||
| Q3 24 | $93.2M | $35.8M | ||
| Q2 24 | $100.4M | $28.6M | ||
| Q1 24 | $104.5M | $22.2M |
| Q4 25 | — | $24.1M | ||
| Q3 25 | — | $33.1M | ||
| Q2 25 | — | $30.2M | ||
| Q1 25 | — | $30.3M | ||
| Q4 24 | — | $21.5M | ||
| Q3 24 | — | $35.1M | ||
| Q2 24 | — | $28.2M | ||
| Q1 24 | — | $21.2M |
| Q4 25 | — | 19.3% | ||
| Q3 25 | — | 26.8% | ||
| Q2 25 | — | 25.2% | ||
| Q1 25 | — | 24.9% | ||
| Q4 24 | — | 18.1% | ||
| Q3 24 | — | 30.3% | ||
| Q2 24 | — | 25.4% | ||
| Q1 24 | — | 19.1% |
| Q4 25 | — | 0.6% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | 0.90× | 0.15× | ||
| Q3 25 | 1.09× | 3.55× | ||
| 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% |
PD
| US | $88.8M | 71% |
| Non Us | $35.7M | 29% |
