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Side-by-side financial comparison of Black Stone Minerals, L.P. (BSM) and READING INTERNATIONAL INC (RDI). 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 $50.3M, roughly 1.9× READING INTERNATIONAL INC). Black Stone Minerals, L.P. runs the higher net margin — 75.9% vs -5.1%, a 81.0% gap on every dollar of revenue. On growth, Black Stone Minerals, L.P. posted the faster year-over-year revenue change (-8.7% vs -14.2%). Over the past eight quarters, READING INTERNATIONAL INC's revenue compounded faster (5.6% CAGR vs -9.7%).
Black Stone Minerals, L.P., or Black Stone Minerals, is a Houston, Texas-based oil and natural gas corporation.
The Reading Company was a Philadelphia-headquartered railroad that provided passenger and freight transport in eastern Pennsylvania and neighboring states from 1924 until its acquisition by Conrail in 1976.
BSM vs RDI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $95.2M | $50.3M |
| Net Profit | $72.2M | $-2.6M |
| Gross Margin | — | — |
| Operating Margin | 78.6% | -1.9% |
| Net Margin | 75.9% | -5.1% |
| Revenue YoY | -8.7% | -14.2% |
| Net Profit YoY | 55.8% | -14.5% |
| EPS (diluted) | — | $-0.11 |
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 | $50.3M | ||
| Q3 25 | $105.2M | $52.2M | ||
| Q2 25 | $106.7M | $60.4M | ||
| Q1 25 | $115.3M | $40.2M | ||
| Q4 24 | $104.3M | $58.6M | ||
| Q3 24 | $103.2M | $60.1M | ||
| Q2 24 | $115.2M | $46.8M | ||
| Q1 24 | $116.8M | $45.1M |
| Q4 25 | $72.2M | $-2.6M | ||
| Q3 25 | $91.7M | $-4.2M | ||
| Q2 25 | $120.0M | $-2.7M | ||
| Q1 25 | $15.9M | $-4.8M | ||
| Q4 24 | $46.3M | $-2.2M | ||
| Q3 24 | $92.7M | $-7.0M | ||
| Q2 24 | $68.3M | $-12.8M | ||
| Q1 24 | $63.9M | $-13.2M |
| Q4 25 | 78.6% | -1.9% | ||
| Q3 25 | 89.5% | -0.6% | ||
| Q2 25 | — | 4.8% | ||
| Q1 25 | 14.9% | -17.2% | ||
| Q4 24 | 45.6% | 2.6% | ||
| Q3 24 | 90.2% | -0.6% | ||
| Q2 24 | 59.5% | -16.4% | ||
| Q1 24 | 54.8% | -16.7% |
| Q4 25 | 75.9% | -5.1% | ||
| Q3 25 | 87.2% | -8.0% | ||
| Q2 25 | 112.5% | -4.4% | ||
| Q1 25 | 13.8% | -11.8% | ||
| Q4 24 | 44.4% | -3.8% | ||
| Q3 24 | 89.9% | -11.7% | ||
| Q2 24 | 59.3% | -27.4% | ||
| Q1 24 | 54.7% | -29.4% |
| Q4 25 | — | $-0.11 | ||
| Q3 25 | — | $-0.18 | ||
| Q2 25 | — | $-0.12 | ||
| Q1 25 | — | $-0.21 | ||
| Q4 24 | — | $-0.11 | ||
| Q3 24 | — | $-0.31 | ||
| Q2 24 | — | $-0.57 | ||
| Q1 24 | — | $-0.59 |
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 | — | $185.1M |
| Stockholders' EquityBook value | — | $-18.2M |
| Total Assets | $1.3B | $434.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $10.5M | ||
| Q3 25 | $2.9M | $8.1M | ||
| Q2 25 | $2.5M | $9.1M | ||
| Q1 25 | $2.4M | $5.9M | ||
| Q4 24 | $2.5M | $12.4M | ||
| Q3 24 | $21.0M | $10.1M | ||
| Q2 24 | $26.7M | $9.3M | ||
| Q1 24 | $40.5M | $7.5M |
| Q4 25 | — | $185.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $202.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $-18.2M | ||
| Q3 25 | — | $-12.1M | ||
| Q2 25 | — | $-7.7M | ||
| Q1 25 | — | $-8.1M | ||
| Q4 24 | — | $-4.4M | ||
| Q3 24 | — | $1.6M | ||
| Q2 24 | — | $6.5M | ||
| Q1 24 | — | $18.0M |
| Q4 25 | $1.3B | $434.9M | ||
| Q3 25 | $1.3B | $435.2M | ||
| Q2 25 | $1.3B | $438.1M | ||
| Q1 25 | $1.2B | $441.0M | ||
| Q4 24 | $1.2B | $471.0M | ||
| Q3 24 | $1.2B | $495.7M | ||
| Q2 24 | $1.2B | $494.9M | ||
| Q1 24 | $1.2B | $494.9M |
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 | $4.3M |
| Free Cash FlowOCF − Capex | — | $4.1M |
| FCF MarginFCF / Revenue | — | 8.2% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | 0.90× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-2.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $65.1M | $4.3M | ||
| Q3 25 | $99.8M | $295.0K | ||
| Q2 25 | $80.5M | $1.6M | ||
| Q1 25 | $64.8M | $-7.7M | ||
| Q4 24 | $91.0M | $8.0M | ||
| Q3 24 | $93.2M | $1.3M | ||
| Q2 24 | $100.4M | $-10.4M | ||
| Q1 24 | $104.5M | $-2.8M |
| Q4 25 | — | $4.1M | ||
| Q3 25 | — | $-246.0K | ||
| Q2 25 | — | $1.2M | ||
| Q1 25 | — | $-8.0M | ||
| Q4 24 | — | $7.0M | ||
| Q3 24 | — | $-1.1M | ||
| Q2 24 | — | $-10.6M | ||
| Q1 24 | — | $-4.7M |
| Q4 25 | — | 8.2% | ||
| Q3 25 | — | -0.5% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | -19.8% | ||
| Q4 24 | — | 12.0% | ||
| Q3 24 | — | -1.8% | ||
| Q2 24 | — | -22.7% | ||
| Q1 24 | — | -10.4% |
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 4.3% |
| 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% |
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
