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Black Stone Minerals Valuation Multiples
Discover revenue and EBITDA valuation multiples for Black Stone Minerals and similar public comparables like MGE Energy, Baytex Energy, Seadrill, NuScale Power and more.
Black Stone Minerals Overview
About Black Stone Minerals
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.
Founded
2014
HQ
Employees
129
Website
Sectors
Financials (LTM)
EV
$3B
Black Stone Minerals Financials
Black Stone Minerals reported last 12-month revenue of $464M and EBITDA of $326M.
In the same LTM period, Black Stone Minerals generated $326M in EBITDA and $255M in net income.
Revenue (LTM)
Black Stone Minerals P&L
In the most recent fiscal year, Black Stone Minerals reported revenue of $470M and EBITDA of $346M.
Black Stone Minerals expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $464M | XXX | $470M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $336M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 72% | XXX | XXX | XXX |
| EBITDA | $326M | XXX | $346M | XXX | XXX | XXX |
| EBITDA Margin | 70% | XXX | 74% | XXX | XXX | XXX |
| EBIT Margin | 63% | XXX | 65% | XXX | XXX | XXX |
| Net Profit | $255M | XXX | $300M | XXX | XXX | XXX |
| Net Margin | 55% | XXX | 64% | XXX | XXX | XXX |
| Net Debt | — | — | $153M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Black Stone Minerals Stock Performance
Black Stone Minerals has current market cap of $3B, and enterprise value of $3B.
Market Cap Evolution
Black Stone Minerals' stock price is $14.03.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3B | $3B | -1.1% | XXX | XXX | XXX | $1.41 |
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Start Free TrialBlack Stone Minerals Valuation Multiples
Black Stone Minerals trades at 6.8x EV/Revenue multiple, and 9.6x EV/EBITDA.
EV / Revenue (LTM)
Black Stone Minerals Financial Valuation Multiples
As of April 11, 2026, Black Stone Minerals has market cap of $3B and EV of $3B.
Equity research analysts estimate Black Stone Minerals' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Black Stone Minerals has a P/E ratio of 11.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV/Revenue | 6.8x | XXX | 6.7x | XXX | XXX | XXX |
| EV/EBITDA | 9.6x | XXX | 9.1x | XXX | XXX | XXX |
| EV/EBIT | 10.7x | XXX | 10.3x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 9.3x | XXX | XXX | XXX |
| P/E | 11.7x | XXX | 9.9x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 16.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Black Stone Minerals Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Black Stone Minerals Margins & Growth Rates
Black Stone Minerals' revenue in the last 12 month declined by (1%).
Black Stone Minerals' revenue per employee in the last FY averaged $3.6M, while opex per employee averaged $0.6M for the same period.
Black Stone Minerals' rule of 40 is 77% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Black Stone Minerals' rule of X is 86% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Black Stone Minerals Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (1%) | XXX | (4%) | XXX | XXX | XXX |
| EBITDA Margin | 70% | XXX | 74% | XXX | XXX | XXX |
| EBITDA Growth | (0%) | XXX | (8%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 77% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 86% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $3.6M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 12% | XXX | 12% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 16% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Black Stone Minerals Public Comps
See public comps and valuation multiples for other Energy Production and Oil & Gas comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| MGE Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Baytex Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Seadrill | XXX | XXX | XXX | XXX | XXX | XXX |
| NuScale Power | XXX | XXX | XXX | XXX | XXX | XXX |
| SJVN | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Black Stone Minerals M&A Activity
Black Stone Minerals acquired XXX companies to date.
Last acquisition by Black Stone Minerals was on XXXXXXXX, XXXXX. Black Stone Minerals acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Black Stone Minerals
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialBlack Stone Minerals Investment Activity
Black Stone Minerals invested in XXX companies to date.
Black Stone Minerals made its latest investment on XXXXXXXX, XXXXX. Black Stone Minerals invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Black Stone Minerals
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Black Stone Minerals
| When was Black Stone Minerals founded? | Black Stone Minerals was founded in 2014. |
| Where is Black Stone Minerals headquartered? | Black Stone Minerals is headquartered in United States. |
| How many employees does Black Stone Minerals have? | As of today, Black Stone Minerals has over 129 employees. |
| Who is the CEO of Black Stone Minerals? | Black Stone Minerals' CEO is H. Taylor DeWalch. |
| Is Black Stone Minerals publicly listed? | Yes, Black Stone Minerals is a public company listed on NYSE. |
| What is the stock symbol of Black Stone Minerals? | Black Stone Minerals trades under BSM ticker. |
| When did Black Stone Minerals go public? | Black Stone Minerals went public in 2015. |
| Who are competitors of Black Stone Minerals? | Black Stone Minerals main competitors are MGE Energy, Baytex Energy, Seadrill, NuScale Power. |
| What is the current market cap of Black Stone Minerals? | Black Stone Minerals' current market cap is $3B. |
| What is the current revenue of Black Stone Minerals? | Black Stone Minerals' last 12 months revenue is $464M. |
| What is the current revenue growth of Black Stone Minerals? | Black Stone Minerals revenue growth (NTM/LTM) is (1%). |
| What is the current EV/Revenue multiple of Black Stone Minerals? | Current revenue multiple of Black Stone Minerals is 6.8x. |
| Is Black Stone Minerals profitable? | Yes, Black Stone Minerals is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Black Stone Minerals? | Black Stone Minerals' last 12 months EBITDA is $326M. |
| What is Black Stone Minerals' EBITDA margin? | Black Stone Minerals' last 12 months EBITDA margin is 70%. |
| What is the current EV/EBITDA multiple of Black Stone Minerals? | Current EBITDA multiple of Black Stone Minerals is 9.6x. |
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