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Side-by-side financial comparison of Black Stone Minerals, L.P. (BSM) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
Purple Innovation, Inc. is the larger business by last-quarter revenue ($140.7M vs $95.2M, roughly 1.5× Black Stone Minerals, L.P.). Black Stone Minerals, L.P. runs the higher net margin — 75.9% vs -2.3%, a 78.2% gap on every dollar of revenue. On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs -8.7%). Over the past eight quarters, Purple Innovation, Inc.'s revenue compounded faster (8.3% CAGR vs -9.7%).
Black Stone Minerals, L.P., or Black Stone Minerals, is a Houston, Texas-based oil and natural gas corporation.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
BSM vs PRPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $95.2M | $140.7M |
| Net Profit | $72.2M | $-3.2M |
| Gross Margin | — | 41.9% |
| Operating Margin | 78.6% | -1.6% |
| Net Margin | 75.9% | -2.3% |
| Revenue YoY | -8.7% | 9.1% |
| Net Profit YoY | 55.8% | 62.1% |
| EPS (diluted) | — | $0.03 |
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 | $140.7M | ||
| Q3 25 | $105.2M | $118.8M | ||
| Q2 25 | $106.7M | $105.1M | ||
| Q1 25 | $115.3M | $104.2M | ||
| Q4 24 | $104.3M | $129.0M | ||
| Q3 24 | $103.2M | $118.6M | ||
| Q2 24 | $115.2M | $120.3M | ||
| Q1 24 | $116.8M | $120.0M |
| Q4 25 | $72.2M | $-3.2M | ||
| Q3 25 | $91.7M | $-11.7M | ||
| Q2 25 | $120.0M | $-17.3M | ||
| Q1 25 | $15.9M | $-19.1M | ||
| Q4 24 | $46.3M | $-8.5M | ||
| Q3 24 | $92.7M | $-39.2M | ||
| Q2 24 | $68.3M | $27.0K | ||
| Q1 24 | $63.9M | $-50.2M |
| Q4 25 | — | 41.9% | ||
| Q3 25 | — | 42.8% | ||
| Q2 25 | — | 35.9% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 42.9% | ||
| Q3 24 | — | 29.7% | ||
| Q2 24 | — | 40.7% | ||
| Q1 24 | — | 34.8% |
| Q4 25 | 78.6% | -1.6% | ||
| Q3 25 | 89.5% | -10.2% | ||
| Q2 25 | — | -13.5% | ||
| Q1 25 | 14.9% | -13.9% | ||
| Q4 24 | 45.6% | -6.0% | ||
| Q3 24 | 90.2% | -39.5% | ||
| Q2 24 | 59.5% | -12.1% | ||
| Q1 24 | 54.8% | -19.3% |
| Q4 25 | 75.9% | -2.3% | ||
| Q3 25 | 87.2% | -9.9% | ||
| Q2 25 | 112.5% | -16.5% | ||
| Q1 25 | 13.8% | -18.4% | ||
| Q4 24 | 44.4% | -6.6% | ||
| Q3 24 | 89.9% | -33.1% | ||
| Q2 24 | 59.3% | 0.0% | ||
| Q1 24 | 54.7% | -41.8% |
| Q4 25 | — | $0.03 | ||
| Q3 25 | — | $0.11 | ||
| Q2 25 | — | $0.16 | ||
| Q1 25 | — | $0.18 | ||
| Q4 24 | — | $0.08 | ||
| Q3 24 | — | $0.36 | ||
| Q2 24 | — | $0.00 | ||
| Q1 24 | — | $0.47 |
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 | $24.3M |
| Total DebtLower is stronger | — | $126.7M |
| Stockholders' EquityBook value | — | $-29.7M |
| Total Assets | $1.3B | $296.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $24.3M | ||
| Q3 25 | $2.9M | $32.4M | ||
| Q2 25 | $2.5M | $34.2M | ||
| Q1 25 | $2.4M | $21.6M | ||
| Q4 24 | $2.5M | $29.0M | ||
| Q3 24 | $21.0M | $23.4M | ||
| Q2 24 | $26.7M | $23.4M | ||
| Q1 24 | $40.5M | $34.5M |
| Q4 25 | — | $126.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $70.7M | ||
| Q3 24 | — | $50.8M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $-29.7M | ||
| Q3 25 | — | $-26.9M | ||
| Q2 25 | — | $-15.6M | ||
| Q1 25 | — | $1.3M | ||
| Q4 24 | — | $20.2M | ||
| Q3 24 | — | $28.0M | ||
| Q2 24 | — | $66.4M | ||
| Q1 24 | — | $65.5M |
| Q4 25 | $1.3B | $296.3M | ||
| Q3 25 | $1.3B | $302.1M | ||
| Q2 25 | $1.3B | $303.8M | ||
| Q1 25 | $1.2B | $293.8M | ||
| Q4 24 | $1.2B | $307.8M | ||
| Q3 24 | $1.2B | $309.3M | ||
| Q2 24 | $1.2B | $362.1M | ||
| Q1 24 | $1.2B | $382.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.50× | ||
| Q3 24 | — | 1.82× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $65.1M | $-5.8M |
| Free Cash FlowOCF − Capex | — | $-7.8M |
| FCF MarginFCF / Revenue | — | -5.5% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | 0.90× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $65.1M | $-5.8M | ||
| Q3 25 | $99.8M | $-968.0K | ||
| Q2 25 | $80.5M | $-4.0M | ||
| Q1 25 | $64.8M | $-23.1M | ||
| Q4 24 | $91.0M | $6.8M | ||
| Q3 24 | $93.2M | $1.1M | ||
| Q2 24 | $100.4M | $-8.9M | ||
| Q1 24 | $104.5M | $-16.8M |
| Q4 25 | — | $-7.8M | ||
| Q3 25 | — | $-1.8M | ||
| Q2 25 | — | $-7.0M | ||
| Q1 25 | — | $-25.3M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | — | $101.0K | ||
| Q2 24 | — | $-11.0M | ||
| Q1 24 | — | $-19.9M |
| Q4 25 | — | -5.5% | ||
| Q3 25 | — | -1.5% | ||
| Q2 25 | — | -6.6% | ||
| Q1 25 | — | -24.3% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | -9.2% | ||
| Q1 24 | — | -16.5% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 1.7% | ||
| Q1 24 | — | 2.5% |
| 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× | -330.22× | ||
| 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% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
