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Side-by-side financial comparison of Black Stone Minerals, L.P. (BSM) and Sila Realty Trust, Inc. (SILA). 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 $50.1M, roughly 1.9× Sila Realty Trust, Inc.). Black Stone Minerals, L.P. runs the higher net margin — 75.9% vs 10.0%, a 65.9% gap on every dollar of revenue. On growth, Sila Realty Trust, Inc. posted the faster year-over-year revenue change (7.6% vs -8.7%). Over the past eight quarters, Sila Realty Trust, Inc.'s revenue compounded faster (-0.6% CAGR vs -9.7%).

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

Sila Realty Trust, Inc. is a U.S.-based real estate investment trust that owns, operates, and acquires high-quality income-generating commercial properties. Its core portfolio covers industrial logistics facilities, office assets and mixed-use properties, serving tenants across logistics, corporate and retail segments to deliver stable long-term returns.

BSM vs SILA — Head-to-Head

Bigger by revenue
BSM
BSM
1.9× larger
BSM
$95.2M
$50.1M
SILA
Growing faster (revenue YoY)
SILA
SILA
+16.3% gap
SILA
7.6%
-8.7%
BSM
Higher net margin
BSM
BSM
65.9% more per $
BSM
75.9%
10.0%
SILA
Faster 2-yr revenue CAGR
SILA
SILA
Annualised
SILA
-0.6%
-9.7%
BSM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BSM
BSM
SILA
SILA
Revenue
$95.2M
$50.1M
Net Profit
$72.2M
$5.0M
Gross Margin
88.9%
Operating Margin
78.6%
Net Margin
75.9%
10.0%
Revenue YoY
-8.7%
7.6%
Net Profit YoY
55.8%
-54.9%
EPS (diluted)
$0.10

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
SILA
SILA
Q4 25
$95.2M
$50.1M
Q3 25
$105.2M
$49.8M
Q2 25
$106.7M
$48.7M
Q1 25
$115.3M
$48.3M
Q4 24
$104.3M
$46.5M
Q3 24
$103.2M
$46.1M
Q2 24
$115.2M
$43.6M
Q1 24
$116.8M
$50.6M
Net Profit
BSM
BSM
SILA
SILA
Q4 25
$72.2M
$5.0M
Q3 25
$91.7M
$11.6M
Q2 25
$120.0M
$8.6M
Q1 25
$15.9M
$7.9M
Q4 24
$46.3M
$11.1M
Q3 24
$92.7M
$11.9M
Q2 24
$68.3M
$4.6M
Q1 24
$63.9M
$15.0M
Gross Margin
BSM
BSM
SILA
SILA
Q4 25
88.9%
Q3 25
88.1%
Q2 25
87.7%
Q1 25
86.9%
Q4 24
87.3%
Q3 24
87.4%
Q2 24
86.6%
Q1 24
89.0%
Operating Margin
BSM
BSM
SILA
SILA
Q4 25
78.6%
Q3 25
89.5%
Q2 25
Q1 25
14.9%
Q4 24
45.6%
Q3 24
90.2%
Q2 24
59.5%
Q1 24
54.8%
Net Margin
BSM
BSM
SILA
SILA
Q4 25
75.9%
10.0%
Q3 25
87.2%
23.3%
Q2 25
112.5%
17.6%
Q1 25
13.8%
16.4%
Q4 24
44.4%
23.9%
Q3 24
89.9%
25.9%
Q2 24
59.3%
10.6%
Q1 24
54.7%
29.6%
EPS (diluted)
BSM
BSM
SILA
SILA
Q4 25
$0.10
Q3 25
$0.21
Q2 25
$0.15
Q1 25
$0.14
Q4 24
$0.20
Q3 24
$0.21
Q2 24
$0.08
Q1 24
$0.26

Balance Sheet & Financial Strength

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

Metric
BSM
BSM
SILA
SILA
Cash + ST InvestmentsLiquidity on hand
$1.5M
$32.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3B
Total Assets
$1.3B
$2.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BSM
BSM
SILA
SILA
Q4 25
$1.5M
$32.3M
Q3 25
$2.9M
$27.7M
Q2 25
$2.5M
$24.8M
Q1 25
$2.4M
$30.5M
Q4 24
$2.5M
$39.8M
Q3 24
$21.0M
$28.6M
Q2 24
$26.7M
$87.0M
Q1 24
$40.5M
$90.2M
Stockholders' Equity
BSM
BSM
SILA
SILA
Q4 25
$1.3B
Q3 25
$1.3B
Q2 25
$1.4B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.4B
Q2 24
$1.5B
Q1 24
$1.5B
Total Assets
BSM
BSM
SILA
SILA
Q4 25
$1.3B
$2.1B
Q3 25
$1.3B
$2.1B
Q2 25
$1.3B
$2.0B
Q1 25
$1.2B
$2.0B
Q4 24
$1.2B
$2.0B
Q3 24
$1.2B
$2.0B
Q2 24
$1.2B
$2.1B
Q1 24
$1.2B
$2.1B

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
SILA
SILA
Operating Cash FlowLast quarter
$65.1M
$119.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.90×
23.76×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BSM
BSM
SILA
SILA
Q4 25
$65.1M
$119.1M
Q3 25
$99.8M
$30.0M
Q2 25
$80.5M
$31.9M
Q1 25
$64.8M
$24.1M
Q4 24
$91.0M
$132.8M
Q3 24
$93.2M
$29.1M
Q2 24
$100.4M
$31.6M
Q1 24
$104.5M
$36.6M
Cash Conversion
BSM
BSM
SILA
SILA
Q4 25
0.90×
23.76×
Q3 25
1.09×
2.59×
Q2 25
0.67×
3.71×
Q1 25
4.07×
3.06×
Q4 24
1.96×
11.95×
Q3 24
1.01×
2.43×
Q2 24
1.47×
6.84×
Q1 24
1.63×
2.44×

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%

SILA
SILA

Segment breakdown not available.

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