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Side-by-side financial comparison of Black Stone Minerals, L.P. (BSM) and CPI Card Group Inc. (PMTS). Click either name above to swap in a different company.
CPI Card Group Inc. is the larger business by last-quarter revenue ($153.1M vs $95.2M, roughly 1.6× Black Stone Minerals, L.P.). Black Stone Minerals, L.P. runs the higher net margin — 75.9% vs 4.8%, a 71.1% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs -8.7%). Over the past eight quarters, CPI Card Group Inc.'s revenue compounded faster (16.9% CAGR vs -9.7%).
Black Stone Minerals, L.P., or Black Stone Minerals, is a Houston, Texas-based oil and natural gas corporation.
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
BSM vs PMTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $95.2M | $153.1M |
| Net Profit | $72.2M | $7.3M |
| Gross Margin | — | 31.5% |
| Operating Margin | 78.6% | 12.0% |
| Net Margin | 75.9% | 4.8% |
| Revenue YoY | -8.7% | 22.3% |
| Net Profit YoY | 55.8% | 8.5% |
| EPS (diluted) | — | $0.62 |
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 | $153.1M | ||
| Q3 25 | $105.2M | $138.0M | ||
| Q2 25 | $106.7M | $129.8M | ||
| Q1 25 | $115.3M | $122.8M | ||
| Q4 24 | $104.3M | $125.1M | ||
| Q3 24 | $103.2M | $124.8M | ||
| Q2 24 | $115.2M | $118.8M | ||
| Q1 24 | $116.8M | $111.9M |
| Q4 25 | $72.2M | $7.3M | ||
| Q3 25 | $91.7M | $2.3M | ||
| Q2 25 | $120.0M | $518.0K | ||
| Q1 25 | $15.9M | $4.8M | ||
| Q4 24 | $46.3M | $6.8M | ||
| Q3 24 | $92.7M | $1.3M | ||
| Q2 24 | $68.3M | $6.0M | ||
| Q1 24 | $63.9M | $5.5M |
| Q4 25 | — | 31.5% | ||
| Q3 25 | — | 29.7% | ||
| Q2 25 | — | 30.9% | ||
| Q1 25 | — | 33.2% | ||
| Q4 24 | — | 34.1% | ||
| Q3 24 | — | 35.8% | ||
| Q2 24 | — | 35.7% | ||
| Q1 24 | — | 37.1% |
| Q4 25 | 78.6% | 12.0% | ||
| Q3 25 | 89.5% | 9.4% | ||
| Q2 25 | — | 7.3% | ||
| Q1 25 | 14.9% | 11.5% | ||
| Q4 24 | 45.6% | 12.7% | ||
| Q3 24 | 90.2% | 14.3% | ||
| Q2 24 | 59.5% | 12.5% | ||
| Q1 24 | 54.8% | 12.6% |
| Q4 25 | 75.9% | 4.8% | ||
| Q3 25 | 87.2% | 1.7% | ||
| Q2 25 | 112.5% | 0.4% | ||
| Q1 25 | 13.8% | 3.9% | ||
| Q4 24 | 44.4% | 5.4% | ||
| Q3 24 | 89.9% | 1.0% | ||
| Q2 24 | 59.3% | 5.1% | ||
| Q1 24 | 54.7% | 4.9% |
| Q4 25 | — | $0.62 | ||
| Q3 25 | — | $0.19 | ||
| Q2 25 | — | $0.04 | ||
| Q1 25 | — | $0.40 | ||
| Q4 24 | — | $0.56 | ||
| Q3 24 | — | $0.11 | ||
| Q2 24 | — | $0.51 | ||
| Q1 24 | — | $0.46 |
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 | $21.7M |
| Total DebtLower is stronger | — | $286.7M |
| Stockholders' EquityBook value | — | $-17.3M |
| Total Assets | $1.3B | $403.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $21.7M | ||
| Q3 25 | $2.9M | $16.0M | ||
| Q2 25 | $2.5M | $17.1M | ||
| Q1 25 | $2.4M | $31.5M | ||
| Q4 24 | $2.5M | $33.5M | ||
| Q3 24 | $21.0M | $14.7M | ||
| Q2 24 | $26.7M | $7.5M | ||
| Q1 24 | $40.5M | $17.1M |
| Q4 25 | — | $286.7M | ||
| Q3 25 | — | $308.4M | ||
| Q2 25 | — | $310.9M | ||
| Q1 25 | — | $280.7M | ||
| Q4 24 | — | $280.4M | ||
| Q3 24 | — | $280.2M | ||
| Q2 24 | — | $269.7M | ||
| Q1 24 | — | $265.3M |
| Q4 25 | — | $-17.3M | ||
| Q3 25 | — | $-25.7M | ||
| Q2 25 | — | $-29.0M | ||
| Q1 25 | — | $-29.7M | ||
| Q4 24 | — | $-35.6M | ||
| Q3 24 | — | $-42.8M | ||
| Q2 24 | — | $-44.6M | ||
| Q1 24 | — | $-48.5M |
| Q4 25 | $1.3B | $403.2M | ||
| Q3 25 | $1.3B | $407.1M | ||
| Q2 25 | $1.3B | $399.8M | ||
| Q1 25 | $1.2B | $351.9M | ||
| Q4 24 | $1.2B | $349.7M | ||
| Q3 24 | $1.2B | $342.3M | ||
| Q2 24 | $1.2B | $321.4M | ||
| Q1 24 | $1.2B | $319.8M |
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 | $39.6M |
| Free Cash FlowOCF − Capex | — | $35.2M |
| FCF MarginFCF / Revenue | — | 23.0% |
| Capex IntensityCapex / Revenue | — | 2.9% |
| Cash ConversionOCF / Net Profit | 0.90× | 5.39× |
| TTM Free Cash FlowTrailing 4 quarters | — | $41.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $65.1M | $39.6M | ||
| Q3 25 | $99.8M | $10.0M | ||
| Q2 25 | $80.5M | $4.3M | ||
| Q1 25 | $64.8M | $5.6M | ||
| Q4 24 | $91.0M | $26.7M | ||
| Q3 24 | $93.2M | $12.5M | ||
| Q2 24 | $100.4M | $-4.8M | ||
| Q1 24 | $104.5M | $8.9M |
| Q4 25 | — | $35.2M | ||
| Q3 25 | — | $5.3M | ||
| Q2 25 | — | $533.0K | ||
| Q1 25 | — | $292.0K | ||
| Q4 24 | — | $21.6M | ||
| Q3 24 | — | $11.1M | ||
| Q2 24 | — | $-6.0M | ||
| Q1 24 | — | $7.4M |
| Q4 25 | — | 23.0% | ||
| Q3 25 | — | 3.8% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 17.3% | ||
| Q3 24 | — | 8.9% | ||
| Q2 24 | — | -5.0% | ||
| Q1 24 | — | 6.6% |
| Q4 25 | — | 2.9% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | 1.3% |
| Q4 25 | 0.90× | 5.39× | ||
| Q3 25 | 1.09× | 4.32× | ||
| Q2 25 | 0.67× | 8.39× | ||
| Q1 25 | 4.07× | 1.17× | ||
| Q4 24 | 1.96× | 3.94× | ||
| Q3 24 | 1.01× | 9.70× | ||
| Q2 24 | 1.47× | -0.79× | ||
| Q1 24 | 1.63× | 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% |
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
