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Side-by-side financial comparison of Black Stone Minerals, L.P. (BSM) and ServisFirst Bancshares, Inc. (SFBS). Click either name above to swap in a different company.
ServisFirst Bancshares, Inc. is the larger business by last-quarter revenue ($159.0M vs $95.2M, roughly 1.7× Black Stone Minerals, L.P.). Black Stone Minerals, L.P. runs the higher net margin — 75.9% vs 52.2%, a 23.7% gap on every dollar of revenue. Over the past eight quarters, ServisFirst Bancshares, Inc.'s revenue compounded faster (17.7% CAGR vs -9.7%).
Black Stone Minerals, L.P., or Black Stone Minerals, is a Houston, Texas-based oil and natural gas corporation.
ServisFirst Bancshares, Inc. is a U.S.-based bank holding company operating full-service banking locations primarily across the Southeastern United States. It offers a full suite of commercial banking, consumer banking, wealth management, and mortgage lending services to small and medium-sized businesses, professional clients, and individual consumers.
BSM vs SFBS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $95.2M | $159.0M |
| Net Profit | $72.2M | $83.0M |
| Gross Margin | — | — |
| Operating Margin | 78.6% | — |
| Net Margin | 75.9% | 52.2% |
| Revenue YoY | -8.7% | — |
| Net Profit YoY | 55.8% | 31.2% |
| EPS (diluted) | — | $1.52 |
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.
| Q1 26 | — | $159.0M | ||
| Q4 25 | $95.2M | $162.2M | ||
| Q3 25 | $105.2M | $136.3M | ||
| Q2 25 | $106.7M | $132.1M | ||
| Q1 25 | $115.3M | $131.8M | ||
| Q4 24 | $104.3M | $131.9M | ||
| Q3 24 | $103.2M | $123.7M | ||
| Q2 24 | $115.2M | $114.8M |
| Q1 26 | — | $83.0M | ||
| Q4 25 | $72.2M | $86.4M | ||
| Q3 25 | $91.7M | $65.6M | ||
| Q2 25 | $120.0M | $61.4M | ||
| Q1 25 | $15.9M | $63.2M | ||
| Q4 24 | $46.3M | $65.2M | ||
| Q3 24 | $92.7M | $59.9M | ||
| Q2 24 | $68.3M | $52.1M |
| Q1 26 | — | — | ||
| Q4 25 | 78.6% | 66.3% | ||
| Q3 25 | 89.5% | 57.8% | ||
| Q2 25 | — | 58.0% | ||
| Q1 25 | 14.9% | 60.0% | ||
| Q4 24 | 45.6% | 60.2% | ||
| Q3 24 | 90.2% | 58.5% | ||
| Q2 24 | 59.5% | 58.0% |
| Q1 26 | — | 52.2% | ||
| Q4 25 | 75.9% | 59.0% | ||
| Q3 25 | 87.2% | 48.1% | ||
| Q2 25 | 112.5% | 46.5% | ||
| Q1 25 | 13.8% | 48.0% | ||
| Q4 24 | 44.4% | 52.9% | ||
| Q3 24 | 89.9% | 48.4% | ||
| Q2 24 | 59.3% | 45.4% |
| Q1 26 | — | $1.52 | ||
| Q4 25 | — | $1.58 | ||
| Q3 25 | — | $1.20 | ||
| Q2 25 | — | $1.12 | ||
| Q1 25 | — | $1.16 | ||
| Q4 24 | — | $1.19 | ||
| Q3 24 | — | $1.10 | ||
| Q2 24 | — | $0.95 |
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 | $1.8B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $1.9B |
| Total Assets | $1.3B | $18.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.8B | ||
| Q4 25 | $1.5M | — | ||
| Q3 25 | $2.9M | — | ||
| Q2 25 | $2.5M | — | ||
| Q1 25 | $2.4M | — | ||
| Q4 24 | $2.5M | — | ||
| Q3 24 | $21.0M | — | ||
| Q2 24 | $26.7M | — |
| Q1 26 | — | $1.9B | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.5B |
| Q1 26 | — | $18.2B | ||
| Q4 25 | $1.3B | $17.7B | ||
| Q3 25 | $1.3B | $17.6B | ||
| Q2 25 | $1.3B | $17.4B | ||
| Q1 25 | $1.2B | $18.6B | ||
| Q4 24 | $1.2B | $17.4B | ||
| Q3 24 | $1.2B | $16.4B | ||
| Q2 24 | $1.2B | $16.0B |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.90× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $65.1M | $355.2M | ||
| Q3 25 | $99.8M | $140.9M | ||
| Q2 25 | $80.5M | $67.6M | ||
| Q1 25 | $64.8M | $48.0M | ||
| Q4 24 | $91.0M | $252.9M | ||
| Q3 24 | $93.2M | $84.0M | ||
| Q2 24 | $100.4M | $48.3M |
| Q1 26 | — | — | ||
| Q4 25 | 0.90× | 4.11× | ||
| Q3 25 | 1.09× | 2.15× | ||
| Q2 25 | 0.67× | 1.10× | ||
| Q1 25 | 4.07× | 0.76× | ||
| Q4 24 | 1.96× | 3.88× | ||
| Q3 24 | 1.01× | 1.40× | ||
| Q2 24 | 1.47× | 0.93× |
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% |
SFBS
| Net Interest Income | $148.1M | 93% |
| Noninterest Income | $10.8M | 7% |
