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Side-by-side financial comparison of Black Stone Minerals, L.P. (BSM) and VINCE HOLDING CORP. (VNCE). 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 $85.1M, roughly 1.1× VINCE HOLDING CORP.). Black Stone Minerals, L.P. runs the higher net margin — 75.9% vs 3.2%, a 72.7% gap on every dollar of revenue. On growth, VINCE HOLDING CORP. posted the faster year-over-year revenue change (6.2% vs -8.7%). Over the past eight quarters, VINCE HOLDING CORP.'s revenue compounded faster (6.3% CAGR vs -9.7%).
Black Stone Minerals, L.P., or Black Stone Minerals, is a Houston, Texas-based oil and natural gas corporation.
VINCE. is a contemporary clothing fashion brand founded in 2002. In 2023 Authentic Brands Group purchased its intellectual property in a $76.5 million deal.
BSM vs VNCE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $95.2M | $85.1M |
| Net Profit | $72.2M | $2.7M |
| Gross Margin | — | 49.2% |
| Operating Margin | 78.6% | 6.4% |
| Net Margin | 75.9% | 3.2% |
| Revenue YoY | -8.7% | 6.2% |
| Net Profit YoY | 55.8% | -37.3% |
| EPS (diluted) | — | $0.21 |
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 | $85.1M | ||
| Q3 25 | $105.2M | $73.2M | ||
| Q2 25 | $106.7M | $57.9M | ||
| Q1 25 | $115.3M | $80.0M | ||
| Q4 24 | $104.3M | $80.2M | ||
| Q3 24 | $103.2M | $74.2M | ||
| Q2 24 | $115.2M | $59.2M | ||
| Q1 24 | $116.8M | $75.3M |
| Q4 25 | $72.2M | $2.7M | ||
| Q3 25 | $91.7M | $12.1M | ||
| Q2 25 | $120.0M | $-4.8M | ||
| Q1 25 | $15.9M | $-28.3M | ||
| Q4 24 | $46.3M | $4.3M | ||
| Q3 24 | $92.7M | $569.0K | ||
| Q2 24 | $68.3M | $4.4M | ||
| Q1 24 | $63.9M | $-4.7M |
| Q4 25 | — | 49.2% | ||
| Q3 25 | — | 50.4% | ||
| Q2 25 | — | 50.3% | ||
| Q1 25 | — | 50.1% | ||
| Q4 24 | — | 50.0% | ||
| Q3 24 | — | 47.4% | ||
| Q2 24 | — | 50.6% | ||
| Q1 24 | — | 45.4% |
| Q4 25 | 78.6% | 6.4% | ||
| Q3 25 | 89.5% | 15.2% | ||
| Q2 25 | — | -7.7% | ||
| Q1 25 | 14.9% | -37.1% | ||
| Q4 24 | 45.6% | 7.2% | ||
| Q3 24 | 90.2% | 1.5% | ||
| Q2 24 | 59.5% | 9.5% | ||
| Q1 24 | 54.8% | -2.2% |
| Q4 25 | 75.9% | 3.2% | ||
| Q3 25 | 87.2% | 16.5% | ||
| Q2 25 | 112.5% | -8.3% | ||
| Q1 25 | 13.8% | -35.5% | ||
| Q4 24 | 44.4% | 5.4% | ||
| Q3 24 | 89.9% | 0.8% | ||
| Q2 24 | 59.3% | 7.4% | ||
| Q1 24 | 54.7% | -6.2% |
| Q4 25 | — | $0.21 | ||
| Q3 25 | — | $0.93 | ||
| Q2 25 | — | $-0.37 | ||
| Q1 25 | — | $-2.25 | ||
| Q4 24 | — | $0.34 | ||
| Q3 24 | — | $0.05 | ||
| Q2 24 | — | $0.35 | ||
| Q1 24 | — | $-0.37 |
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 | $1.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $53.4M |
| Total Assets | $1.3B | $246.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $1.1M | ||
| Q3 25 | $2.9M | $777.0K | ||
| Q2 25 | $2.5M | $2.6M | ||
| Q1 25 | $2.4M | $607.0K | ||
| Q4 24 | $2.5M | $892.0K | ||
| Q3 24 | $21.0M | $711.0K | ||
| Q2 24 | $26.7M | $739.0K | ||
| Q1 24 | $40.5M | $357.0K |
| Q4 25 | — | $53.4M | ||
| Q3 25 | — | $49.3M | ||
| Q2 25 | — | $37.2M | ||
| Q1 25 | — | $41.8M | ||
| Q4 24 | — | $57.1M | ||
| Q3 24 | — | $52.4M | ||
| Q2 24 | — | $51.7M | ||
| Q1 24 | — | $47.2M |
| Q4 25 | $1.3B | $246.0M | ||
| Q3 25 | $1.3B | $239.0M | ||
| Q2 25 | $1.3B | $218.0M | ||
| Q1 25 | $1.2B | $222.7M | ||
| Q4 24 | $1.2B | $254.7M | ||
| Q3 24 | $1.2B | $253.6M | ||
| Q2 24 | $1.2B | $223.1M | ||
| Q1 24 | $1.2B | $225.1M |
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 | $-5.1M |
| Free Cash FlowOCF − Capex | — | $-5.7M |
| FCF MarginFCF / Revenue | — | -6.7% |
| Capex IntensityCapex / Revenue | — | 0.7% |
| Cash ConversionOCF / Net Profit | 0.90× | -1.86× |
| TTM Free Cash FlowTrailing 4 quarters | — | $4.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $65.1M | $-5.1M | ||
| Q3 25 | $99.8M | $4.2M | ||
| Q2 25 | $80.5M | $-11.8M | ||
| Q1 25 | $64.8M | $22.7M | ||
| Q4 24 | $91.0M | $6.4M | ||
| Q3 24 | $93.2M | $-3.2M | ||
| Q2 24 | $100.4M | $-3.9M | ||
| Q1 24 | $104.5M | $14.8M |
| Q4 25 | — | $-5.7M | ||
| Q3 25 | — | $2.1M | ||
| Q2 25 | — | $-13.2M | ||
| Q1 25 | — | $21.2M | ||
| Q4 24 | — | $5.1M | ||
| Q3 24 | — | $-3.9M | ||
| Q2 24 | — | $-4.6M | ||
| Q1 24 | — | $14.2M |
| Q4 25 | — | -6.7% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | -22.9% | ||
| Q1 25 | — | 26.5% | ||
| Q4 24 | — | 6.4% | ||
| Q3 24 | — | -5.2% | ||
| Q2 24 | — | -7.8% | ||
| Q1 24 | — | 18.9% |
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 0.7% |
| Q4 25 | 0.90× | -1.86× | ||
| Q3 25 | 1.09× | 0.35× | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 4.07× | — | ||
| Q4 24 | 1.96× | 1.48× | ||
| Q3 24 | 1.01× | -5.61× | ||
| Q2 24 | 1.47× | -0.89× | ||
| 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% |
VNCE
| Vince Wholesale | $52.0M | 61% |
| Vince Direct To Consumer | $33.1M | 39% |
