vs
Side-by-side financial comparison of Black Stone Minerals, L.P. (BSM) and Quipt Home Medical Corp. (QIPT). 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 $49.0M, roughly 1.9× Quipt Home Medical Corp.). Black Stone Minerals, L.P. runs the higher net margin — 75.9% vs -2.1%, a 78.0% gap on every dollar of revenue. On growth, Quipt Home Medical Corp. posted the faster year-over-year revenue change (32.3% vs -8.7%).
Black Stone Minerals, L.P., or Black Stone Minerals, is a Houston, Texas-based oil and natural gas corporation.
Quipt Home Medical Corp is a U.S.-based home medical equipment provider specializing in respiratory care, sleep therapy supplies, and chronic disease management products. It serves patients with long-term health conditions, partners with healthcare providers and insurance payers across operating regions to deliver accessible in-home medical solutions.
BSM vs QIPT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $95.2M | $49.0M |
| Net Profit | $72.2M | $-1.1M |
| Gross Margin | — | 53.5% |
| Operating Margin | 78.6% | 2.1% |
| Net Margin | 75.9% | -2.1% |
| Revenue YoY | -8.7% | 32.3% |
| Net Profit YoY | 55.8% | 2.9% |
| EPS (diluted) | — | $-0.02 |
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 | $49.0M | ||
| Q3 25 | $105.2M | $39.8M | ||
| Q2 25 | $106.7M | $35.1M | ||
| Q1 25 | $115.3M | $33.3M | ||
| Q4 24 | $104.3M | $37.1M | ||
| Q3 24 | $103.2M | — | ||
| Q2 24 | $115.2M | — | ||
| Q1 24 | $116.8M | — |
| Q4 25 | $72.2M | $-1.1M | ||
| Q3 25 | $91.7M | $-3.5M | ||
| Q2 25 | $120.0M | $-3.0M | ||
| Q1 25 | $15.9M | $-3.0M | ||
| Q4 24 | $46.3M | $-1.1M | ||
| Q3 24 | $92.7M | — | ||
| Q2 24 | $68.3M | — | ||
| Q1 24 | $63.9M | — |
| Q4 25 | — | 53.5% | ||
| Q3 25 | — | 48.7% | ||
| Q2 25 | — | 57.6% | ||
| Q1 25 | — | 54.6% | ||
| Q4 24 | — | 52.1% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 78.6% | 2.1% | ||
| Q3 25 | 89.5% | -3.6% | ||
| Q2 25 | — | -5.2% | ||
| Q1 25 | 14.9% | -3.0% | ||
| Q4 24 | 45.6% | 1.2% | ||
| Q3 24 | 90.2% | — | ||
| Q2 24 | 59.5% | — | ||
| Q1 24 | 54.8% | — |
| Q4 25 | 75.9% | -2.1% | ||
| Q3 25 | 87.2% | -8.9% | ||
| Q2 25 | 112.5% | -8.6% | ||
| Q1 25 | 13.8% | -9.1% | ||
| Q4 24 | 44.4% | -2.9% | ||
| Q3 24 | 89.9% | — | ||
| Q2 24 | 59.3% | — | ||
| Q1 24 | 54.7% | — |
| Q4 25 | — | $-0.02 | ||
| Q3 25 | — | $-0.07 | ||
| Q2 25 | — | $-0.07 | ||
| Q1 25 | — | $-0.07 | ||
| Q4 24 | — | $-0.03 | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $10.5M |
| Total DebtLower is stronger | — | $84.0M |
| Stockholders' EquityBook value | — | $113.0M |
| Total Assets | $1.3B | $280.7M |
| Debt / EquityLower = less leverage | — | 0.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $10.5M | ||
| Q3 25 | $2.9M | $12.9M | ||
| Q2 25 | $2.5M | $11.3M | ||
| Q1 25 | $2.4M | $17.1M | ||
| Q4 24 | $2.5M | $15.5M | ||
| Q3 24 | $21.0M | — | ||
| Q2 24 | $26.7M | — | ||
| Q1 24 | $40.5M | — |
| Q4 25 | — | $84.0M | ||
| Q3 25 | — | $87.6M | ||
| Q2 25 | — | $66.0M | ||
| Q1 25 | — | $71.5M | ||
| Q4 24 | — | $70.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $113.0M | ||
| Q3 25 | — | $112.1M | ||
| Q2 25 | — | $102.5M | ||
| Q1 25 | — | $103.6M | ||
| Q4 24 | — | $106.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.3B | $280.7M | ||
| Q3 25 | $1.3B | $283.3M | ||
| Q2 25 | $1.3B | $236.1M | ||
| Q1 25 | $1.2B | $244.6M | ||
| Q4 24 | $1.2B | $242.8M | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
| Q4 25 | — | 0.74× | ||
| Q3 25 | — | 0.78× | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 0.66× | ||
| Q3 24 | — | — | ||
| 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 | $8.9M |
| Free Cash FlowOCF − Capex | — | $6.9M |
| FCF MarginFCF / Revenue | — | 14.0% |
| Capex IntensityCapex / Revenue | — | 4.2% |
| Cash ConversionOCF / Net Profit | 0.90× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $26.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $65.1M | $8.9M | ||
| Q3 25 | $99.8M | $9.8M | ||
| Q2 25 | $80.5M | $9.7M | ||
| Q1 25 | $64.8M | $8.9M | ||
| Q4 24 | $91.0M | $9.3M | ||
| Q3 24 | $93.2M | — | ||
| Q2 24 | $100.4M | — | ||
| Q1 24 | $104.5M | — |
| Q4 25 | — | $6.9M | ||
| Q3 25 | — | $8.0M | ||
| Q2 25 | — | $4.4M | ||
| Q1 25 | — | $7.3M | ||
| Q4 24 | — | $5.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 14.0% | ||
| Q3 25 | — | 20.0% | ||
| Q2 25 | — | 12.6% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | — | 15.2% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 4.2% | ||
| Q3 25 | — | 4.6% | ||
| Q2 25 | — | 14.9% | ||
| Q1 25 | — | 4.8% | ||
| Q4 24 | — | 9.9% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| 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% |
QIPT
Segment breakdown not available.
