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Side-by-side financial comparison of Black Stone Minerals, L.P. (BSM) and REGIS CORP (RGS). 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 $57.1M, roughly 1.7× REGIS CORP). Black Stone Minerals, L.P. runs the higher net margin — 75.9% vs 0.8%, a 75.1% gap on every dollar of revenue. On growth, REGIS CORP posted the faster year-over-year revenue change (22.3% vs -8.7%). Over the past eight quarters, REGIS CORP's revenue compounded faster (7.8% CAGR vs -9.7%).

Black Stone Minerals, L.P., or Black Stone Minerals, is a Houston, Texas-based oil and natural gas corporation.

Regis Corporation is an American operator of hair salons. As of August 2021, it has 5,563 franchised and 276 company-owned salons. Its headquarters are in Minneapolis, Minnesota.

BSM vs RGS — Head-to-Head

Bigger by revenue
BSM
BSM
1.7× larger
BSM
$95.2M
$57.1M
RGS
Growing faster (revenue YoY)
RGS
RGS
+31.0% gap
RGS
22.3%
-8.7%
BSM
Higher net margin
BSM
BSM
75.1% more per $
BSM
75.9%
0.8%
RGS
Faster 2-yr revenue CAGR
RGS
RGS
Annualised
RGS
7.8%
-9.7%
BSM

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
BSM
BSM
RGS
RGS
Revenue
$95.2M
$57.1M
Net Profit
$72.2M
$456.0K
Gross Margin
Operating Margin
78.6%
10.8%
Net Margin
75.9%
0.8%
Revenue YoY
-8.7%
22.3%
Net Profit YoY
55.8%
-94.0%
EPS (diluted)
$0.16

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.

Revenue
BSM
BSM
RGS
RGS
Q4 25
$95.2M
$57.1M
Q3 25
$105.2M
$59.0M
Q2 25
$106.7M
$60.4M
Q1 25
$115.3M
$57.0M
Q4 24
$104.3M
$46.7M
Q3 24
$103.2M
$46.1M
Q2 24
$115.2M
$49.4M
Q1 24
$116.8M
$49.2M
Net Profit
BSM
BSM
RGS
RGS
Q4 25
$72.2M
$456.0K
Q3 25
$91.7M
$1.4M
Q2 25
$120.0M
$116.5M
Q1 25
$15.9M
$250.0K
Q4 24
$46.3M
$7.6M
Q3 24
$92.7M
$-853.0K
Q2 24
$68.3M
$91.2M
Q1 24
$63.9M
$-2.3M
Operating Margin
BSM
BSM
RGS
RGS
Q4 25
78.6%
10.8%
Q3 25
89.5%
10.0%
Q2 25
12.1%
Q1 25
14.9%
8.8%
Q4 24
45.6%
11.8%
Q3 24
90.2%
4.6%
Q2 24
59.5%
Q1 24
54.8%
8.3%
Net Margin
BSM
BSM
RGS
RGS
Q4 25
75.9%
0.8%
Q3 25
87.2%
2.3%
Q2 25
112.5%
192.9%
Q1 25
13.8%
0.4%
Q4 24
44.4%
16.4%
Q3 24
89.9%
-1.9%
Q2 24
59.3%
184.7%
Q1 24
54.7%
-4.7%
EPS (diluted)
BSM
BSM
RGS
RGS
Q4 25
$0.16
Q3 25
$0.49
Q2 25
$43.67
Q1 25
$0.08
Q4 24
$2.71
Q3 24
$-0.36
Q2 24
$38.40
Q1 24
$-1.00

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BSM
BSM
RGS
RGS
Cash + ST InvestmentsLiquidity on hand
$1.5M
$18.4M
Total DebtLower is stronger
$113.3M
Stockholders' EquityBook value
$188.7M
Total Assets
$1.3B
$588.3M
Debt / EquityLower = less leverage
0.60×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BSM
BSM
RGS
RGS
Q4 25
$1.5M
$18.4M
Q3 25
$2.9M
$16.6M
Q2 25
$2.5M
$17.0M
Q1 25
$2.4M
$13.3M
Q4 24
$2.5M
$10.2M
Q3 24
$21.0M
$6.3M
Q2 24
$26.7M
$10.1M
Q1 24
$40.5M
$5.9M
Total Debt
BSM
BSM
RGS
RGS
Q4 25
$113.3M
Q3 25
$111.3M
Q2 25
$110.8M
Q1 25
$112.0M
Q4 24
$111.5M
Q3 24
$95.2M
Q2 24
$99.5M
Q1 24
$179.7M
Stockholders' Equity
BSM
BSM
RGS
RGS
Q4 25
$188.7M
Q3 25
$187.6M
Q2 25
$185.6M
Q1 25
$68.6M
Q4 24
$66.7M
Q3 24
$56.4M
Q2 24
$56.8M
Q1 24
$-35.8M
Total Assets
BSM
BSM
RGS
RGS
Q4 25
$1.3B
$588.3M
Q3 25
$1.3B
$592.1M
Q2 25
$1.3B
$599.0M
Q1 25
$1.2B
$511.2M
Q4 24
$1.2B
$530.1M
Q3 24
$1.2B
$508.9M
Q2 24
$1.2B
$530.5M
Q1 24
$1.2B
$543.7M
Debt / Equity
BSM
BSM
RGS
RGS
Q4 25
0.60×
Q3 25
0.59×
Q2 25
0.60×
Q1 25
1.63×
Q4 24
1.67×
Q3 24
1.69×
Q2 24
1.75×
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
BSM
BSM
RGS
RGS
Operating Cash FlowLast quarter
$65.1M
$1.7M
Free Cash FlowOCF − Capex
$891.0K
FCF MarginFCF / Revenue
1.6%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
0.90×
3.65×
TTM Free Cash FlowTrailing 4 quarters
$14.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BSM
BSM
RGS
RGS
Q4 25
$65.1M
$1.7M
Q3 25
$99.8M
$2.3M
Q2 25
$80.5M
$6.8M
Q1 25
$64.8M
$6.2M
Q4 24
$91.0M
$2.1M
Q3 24
$93.2M
$-1.3M
Q2 24
$100.4M
$5.1M
Q1 24
$104.5M
$-277.0K
Free Cash Flow
BSM
BSM
RGS
RGS
Q4 25
$891.0K
Q3 25
$1.9M
Q2 25
$6.2M
Q1 25
$5.9M
Q4 24
$1.7M
Q3 24
$-1.4M
Q2 24
$5.1M
Q1 24
$-326.0K
FCF Margin
BSM
BSM
RGS
RGS
Q4 25
1.6%
Q3 25
3.2%
Q2 25
10.3%
Q1 25
10.3%
Q4 24
3.6%
Q3 24
-3.0%
Q2 24
10.3%
Q1 24
-0.7%
Capex Intensity
BSM
BSM
RGS
RGS
Q4 25
1.4%
Q3 25
0.7%
Q2 25
0.9%
Q1 25
0.6%
Q4 24
0.9%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.1%
Cash Conversion
BSM
BSM
RGS
RGS
Q4 25
0.90×
3.65×
Q3 25
1.09×
1.68×
Q2 25
0.67×
0.06×
Q1 25
4.07×
24.80×
Q4 24
1.96×
0.28×
Q3 24
1.01×
Q2 24
1.47×
0.06×
Q1 24
1.63×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BSM
BSM

Oil Reserves$46.4M49%
Natural Gas Reserves$44.1M46%
Real Estate$4.7M5%

RGS
RGS

Franchise Segment$37.9M66%
Royalty$13.6M24%
Other$2.8M5%
Fees$1.8M3%
Franchise Fees$1.0M2%

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