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Side-by-side financial comparison of Black Stone Minerals, L.P. (BSM) and ZIPRECRUITER, INC. (ZIP). Click either name above to swap in a different company.

ZIPRECRUITER, INC. is the larger business by last-quarter revenue ($111.7M vs $95.2M, roughly 1.2× Black Stone Minerals, L.P.). Black Stone Minerals, L.P. runs the higher net margin — 75.9% vs -0.7%, a 76.6% gap on every dollar of revenue. On growth, ZIPRECRUITER, INC. posted the faster year-over-year revenue change (0.6% vs -8.7%). Over the past eight quarters, ZIPRECRUITER, INC.'s revenue compounded faster (-4.4% CAGR vs -9.7%).

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

BSM vs ZIP — Head-to-Head

Bigger by revenue
ZIP
ZIP
1.2× larger
ZIP
$111.7M
$95.2M
BSM
Growing faster (revenue YoY)
ZIP
ZIP
+9.3% gap
ZIP
0.6%
-8.7%
BSM
Higher net margin
BSM
BSM
76.6% more per $
BSM
75.9%
-0.7%
ZIP
Faster 2-yr revenue CAGR
ZIP
ZIP
Annualised
ZIP
-4.4%
-9.7%
BSM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BSM
BSM
ZIP
ZIP
Revenue
$95.2M
$111.7M
Net Profit
$72.2M
$-835.0K
Gross Margin
89.1%
Operating Margin
78.6%
3.6%
Net Margin
75.9%
-0.7%
Revenue YoY
-8.7%
0.6%
Net Profit YoY
55.8%
92.3%
EPS (diluted)
$-0.03

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
ZIP
ZIP
Q4 25
$95.2M
$111.7M
Q3 25
$105.2M
$115.0M
Q2 25
$106.7M
$112.2M
Q1 25
$115.3M
$110.1M
Q4 24
$104.3M
$111.0M
Q3 24
$103.2M
$117.1M
Q2 24
$115.2M
$123.7M
Q1 24
$116.8M
$122.2M
Net Profit
BSM
BSM
ZIP
ZIP
Q4 25
$72.2M
$-835.0K
Q3 25
$91.7M
$-9.8M
Q2 25
$120.0M
$-9.5M
Q1 25
$15.9M
$-12.8M
Q4 24
$46.3M
$-10.8M
Q3 24
$92.7M
$-2.6M
Q2 24
$68.3M
$7.0M
Q1 24
$63.9M
$-6.5M
Gross Margin
BSM
BSM
ZIP
ZIP
Q4 25
89.1%
Q3 25
89.1%
Q2 25
89.3%
Q1 25
89.4%
Q4 24
89.6%
Q3 24
89.4%
Q2 24
89.5%
Q1 24
89.1%
Operating Margin
BSM
BSM
ZIP
ZIP
Q4 25
78.6%
3.6%
Q3 25
89.5%
-4.4%
Q2 25
-5.9%
Q1 25
14.9%
-10.6%
Q4 24
45.6%
-3.6%
Q3 24
90.2%
-2.8%
Q2 24
59.5%
7.6%
Q1 24
54.8%
-0.7%
Net Margin
BSM
BSM
ZIP
ZIP
Q4 25
75.9%
-0.7%
Q3 25
87.2%
-8.5%
Q2 25
112.5%
-8.5%
Q1 25
13.8%
-11.7%
Q4 24
44.4%
-9.7%
Q3 24
89.9%
-2.2%
Q2 24
59.3%
5.7%
Q1 24
54.7%
-5.3%
EPS (diluted)
BSM
BSM
ZIP
ZIP
Q4 25
$-0.03
Q3 25
$-0.11
Q2 25
$-0.10
Q1 25
$-0.13
Q4 24
$-0.10
Q3 24
$-0.03
Q2 24
$0.07
Q1 24
$-0.07

Balance Sheet & Financial Strength

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

Metric
BSM
BSM
ZIP
ZIP
Cash + ST InvestmentsLiquidity on hand
$1.5M
$188.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$-77.2M
Total Assets
$1.3B
$569.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BSM
BSM
ZIP
ZIP
Q4 25
$1.5M
$188.0M
Q3 25
$2.9M
$211.8M
Q2 25
$2.5M
$203.5M
Q1 25
$2.4M
$221.1M
Q4 24
$2.5M
$218.4M
Q3 24
$21.0M
$225.6M
Q2 24
$26.7M
$271.7M
Q1 24
$40.5M
$282.5M
Stockholders' Equity
BSM
BSM
ZIP
ZIP
Q4 25
$-77.2M
Q3 25
$-76.1M
Q2 25
$-65.9M
Q1 25
$-11.3M
Q4 24
$13.4M
Q3 24
$13.6M
Q2 24
$24.4M
Q1 24
$12.7M
Total Assets
BSM
BSM
ZIP
ZIP
Q4 25
$1.3B
$569.7M
Q3 25
$1.3B
$573.6M
Q2 25
$1.3B
$592.4M
Q1 25
$1.2B
$629.4M
Q4 24
$1.2B
$664.1M
Q3 24
$1.2B
$652.0M
Q2 24
$1.2B
$665.3M
Q1 24
$1.2B
$662.4M

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
ZIP
ZIP
Operating Cash FlowLast quarter
$65.1M
$7.7M
Free Cash FlowOCF − Capex
$7.6M
FCF MarginFCF / Revenue
6.8%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
0.90×
TTM Free Cash FlowTrailing 4 quarters
$9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BSM
BSM
ZIP
ZIP
Q4 25
$65.1M
$7.7M
Q3 25
$99.8M
$2.6M
Q2 25
$80.5M
$10.5M
Q1 25
$64.8M
$-9.9M
Q4 24
$91.0M
$12.5M
Q3 24
$93.2M
$9.3M
Q2 24
$100.4M
$21.9M
Q1 24
$104.5M
$2.0M
Free Cash Flow
BSM
BSM
ZIP
ZIP
Q4 25
$7.6M
Q3 25
$2.2M
Q2 25
$10.2M
Q1 25
$-10.2M
Q4 24
$12.0M
Q3 24
$9.2M
Q2 24
$21.7M
Q1 24
$1.9M
FCF Margin
BSM
BSM
ZIP
ZIP
Q4 25
6.8%
Q3 25
1.9%
Q2 25
9.1%
Q1 25
-9.3%
Q4 24
10.8%
Q3 24
7.8%
Q2 24
17.6%
Q1 24
1.6%
Capex Intensity
BSM
BSM
ZIP
ZIP
Q4 25
0.1%
Q3 25
0.3%
Q2 25
0.3%
Q1 25
0.3%
Q4 24
0.4%
Q3 24
0.2%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
BSM
BSM
ZIP
ZIP
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×
3.12×
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%

ZIP
ZIP

License$84.3M75%
Services$27.4M25%

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