BSM (Black Stone Minerals LP) FCF Margin %: 40.72% (As of Mar. 2026) — 19% Below Median


BSM Black Stone Minerals LP BSM
79 GF Score
Price $14.16
GF Value $13.86
Valuation Fairly Valued
! 7 Warning Signs
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What is Black Stone Minerals LP FCF Margin %?

Black Stone Minerals LP BSM -0.14% 79 FCF Margin % is 40.72% as of Mar. 2026, which is 19% below its 10-year median of 50.25. GuruFocus rates BSM with a GF Score™ of 79/100 and a GF Value™ of $13.86 (Fairly Valued). The stock has 7 warning signs investors should review. Among 906 Oil & Gas companies, Black Stone Minerals LP ranks better than 95.25% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Black Stone Minerals LP's Free Cash Flow for the three months ended in Mar. 2026 was $50.5 Mil. Black Stone Minerals LP's Revenue for the three months ended in Mar. 2026 was $123.9 Mil. Therefore, Black Stone Minerals LP's FCF Margin % for the quarter that ended in Mar. 2026 was 40.72%.

As of today, Black Stone Minerals LP's current FCF Yield % is 6.32%.

The historical rank and industry rank for Black Stone Minerals LP's FCF Margin % or its related term are showing as below:

BSM' s FCF Margin % Range Over the Past 10 Years
Min: -50.32   Med: 50.25   Max: 100.07
Current: 44.12


During the past 13 years, the highest FCF Margin % of Black Stone Minerals LP was 100.07%. The lowest was -50.32%. And the median was 50.25%.

BSM's FCF Margin % is ranked better than
95.25% of 906 companies
in the Oil & Gas industry
Industry Median: 3.285 vs BSM: 44.12


Black Stone Minerals LP FCF Margin % Related Terms


Black Stone Minerals LP FCF Margin % Historical Data

* Premium members only.

The historical data trend for Black Stone Minerals LP's FCF Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Black Stone Minerals LP FCF Margin % Chart

Black Stone Minerals LP Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 47.90 52.59 100.07 62.36 45.24

Black Stone Minerals LP Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
FCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 44.57 47.66 75.16 10.28 40.72

BSM vs BKV, GPOR, TALO: FCF Margin % Comparison

For the Oil & Gas E&P subindustry, Black Stone Minerals LP's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Black Stone Minerals LP FCF Margin % vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Black Stone Minerals LP's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Black Stone Minerals LP's FCF Margin % falls into.


BSM
79GF Score
Black Stone Minerals LP BSM
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Black Stone Minerals LP FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

Black Stone Minerals LP's FCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=191.059/422.328
=45.24 %

Black Stone Minerals LP's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=50.45/123.909
=40.72 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of 40.72% mean?
Black Stone Minerals LP (BSM) has a FCF Margin % of 40.72% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Black Stone Minerals LP and its competitors. This is 19% below median its historical median of 50.25. According to the industry distribution chart, Black Stone Minerals LP ranks #43 out of 906 companies in the Oil & Gas industry, placing it in the top 4.7%.
Is Black Stone Minerals LP's FCF Margin % too high?
Black Stone Minerals LP's current FCF Margin % of 40.72% is 19% below median its 10-year median of 50.25. The Oil & Gas industry median FCF Margin % is 3.29. Black Stone Minerals LP's value of 40.72% is 1139.6% above this industry median. Based on the distribution chart, Black Stone Minerals LP ranks #43 out of 906 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Black Stone Minerals LP has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Black Stone Minerals LP's FCF Margin % compare to BKV and GPOR?
According to the Oil & Gas industry distribution chart, Black Stone Minerals LP ranks #43 out of 906 companies for FCF Margin %. This places Black Stone Minerals LP in the top 5% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 3.29. Black Stone Minerals LP's value of 40.72% is 1139.6% above this benchmark. While the company's 10-year median is 50.25 vs. the industry median of 3.29, Black Stone Minerals LP has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for an Oil & Gas company?
The median FCF Margin % among Oil & Gas companies is 3.29, based on 906 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Black Stone Minerals LP's current FCF Margin % of 40.72% is 1139.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Black Stone Minerals LP and its competitors. For the Oil & Gas industry, the median FCF Margin % is 3.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Stone Minerals LP's current FCF Margin % is 40.72%, which is 19% below median its own 10-year median of 50.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Stone Minerals LP stock overvalued right now?
Based on GuruFocus' analysis, Black Stone Minerals LP (BSM) is currently considered Fairly Valued. The stock's GF Value™ is $13.86, compared to a current price of $14.16 — trading 2.2% above its estimated fair value. The current FCF Margin % is 40.72%, which is 19% below median its 10-year median of 50.25 and 1139.6% above the Oil & Gas industry median of 3.29. Black Stone Minerals LP's overall GF Score™ is 79/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Black Stone Minerals LP (BSM), the current FCF Margin % is 40.72% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Black Stone Minerals LP (BSM) Overvalued in 2026?

Based on GuruFocus' analysis, Black Stone Minerals LP stock appears to be overvalued. The current stock price of $14.16 is trading 2.2% above its estimated GF Value™ of $13.86. GuruFocus considers Black Stone Minerals LP to be Fairly Valued.

Key valuation signals for BSM:

  • FCF Margin %: 40.72% (19% below median its 10-year median of 50.25)
  • GF Value™: $13.86 vs. price of $14.16 (2.2% above fair value)
  • GF Score™: 79/100 with 7 warning signs
  • Industry Position: 1139.6% above the Oil & Gas median (#43 of 906)

No single metric tells the full story. See the BSM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Black Stone Minerals LP Business Description

Industry EnergyOil & Gas
Address 1001 Fannin Street, Suite 2020, Houston, TX, USA, 77002
Black Stone Minerals LP is an oil and natural gas mineral company. It owns oil and natural gas mineral interests, which makes up the majority of its asset base. Its business is actively managing an existing portfolio of mineral and royalty assets to maximize its value and expanding asset base through acquisitions of additional mineral and royalty interests. The company owns mineral interests in approximately 16.9 million gross acres.
79GF Score

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FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$14.16
Price
$13.86
GF Value