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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.
2014
113
LTM Revenue $442M
LTM EBITDA $349M
$2.7B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Black Stone Minerals has a last 12-month revenue (LTM) of $442M and a last 12-month EBITDA of $349M.
In the most recent fiscal year, Black Stone Minerals achieved revenue of $439M and an EBITDA of $320M.
Black Stone Minerals expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Black Stone Minerals valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $442M | XXX | $439M | XXX | XXX | XXX |
| Gross Profit | n/a | XXX | $335M | XXX | XXX | XXX |
| Gross Margin | n/a | XXX | 76% | XXX | XXX | XXX |
| EBITDA | $349M | XXX | $320M | XXX | XXX | XXX |
| EBITDA Margin | 79% | XXX | 73% | XXX | XXX | XXX |
| EBIT | $295M | XXX | $279M | XXX | XXX | XXX |
| EBIT Margin | 67% | XXX | 63% | XXX | XXX | XXX |
| Net Profit | $241M | XXX | $271M | XXX | XXX | XXX |
| Net Margin | 54% | XXX | 62% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $22.5M | XXX | XXX | XXX |
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As of August 18, 2025, Black Stone Minerals's stock price is $12.
Black Stone Minerals has current market cap of $2.6B, and EV of $2.7B.
See Black Stone Minerals trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2.7B | $2.6B | XXX | XXX | XXX | XXX | $1.13 |
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Start Free TrialAs of August 18, 2025, Black Stone Minerals has market cap of $2.6B and EV of $2.7B.
Black Stone Minerals's trades at 6.1x EV/Revenue multiple, and 8.4x EV/EBITDA.
Equity research analysts estimate Black Stone Minerals's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Black Stone Minerals has a P/E ratio of 10.8x.
See valuation multiples for Black Stone Minerals and 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2.6B | XXX | $2.6B | XXX | XXX | XXX |
| EV (current) | $2.7B | XXX | $2.7B | XXX | XXX | XXX |
| EV/Revenue | 6.1x | XXX | 6.1x | XXX | XXX | XXX |
| EV/EBITDA | 7.7x | XXX | 8.4x | XXX | XXX | XXX |
| EV/EBIT | 9.1x | XXX | 9.7x | XXX | XXX | XXX |
| EV/Gross Profit | n/a | XXX | n/a | XXX | XXX | XXX |
| P/E | 10.8x | XXX | 9.6x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | 9.8x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialBlack Stone Minerals's last 12 month revenue growth is 7%
Black Stone Minerals's revenue per employee in the last FY averaged $3.9M, while opex per employee averaged $0.5M for the same period.
Black Stone Minerals's rule of 40 is 101% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Black Stone Minerals's rule of X is 97% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Black Stone Minerals and other 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | 6% | XXX | XXX | XXX |
| EBITDA Margin | 79% | XXX | 73% | XXX | XXX | XXX |
| EBITDA Growth | 1% | XXX | -16% | XXX | XXX | XXX |
| Rule of 40 | 101% | XXX | 80% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 97% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $3.9M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.5M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 13% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ADNOC Drilling Company | XXX | XXX | XXX | XXX | XXX | XXX |
| ADNOC Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| Dana Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| Fugro | XXX | XXX | XXX | XXX | XXX | XXX |
| SBM Offshore | 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 acquired XXX companies to date.
Last acquisition by Black Stone Minerals was XXXXXXXX, XXXXX XXXXX XXXXXX . Black Stone Minerals acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| 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 of America. |
| How many employees does Black Stone Minerals have? | As of today, Black Stone Minerals has 113 employees. |
| Who is the CEO of Black Stone Minerals? | Black Stone Minerals's CEO is Mr. Thomas L. Carter, Jr. |
| Is Black Stone Minerals publicy listed? | Yes, Black Stone Minerals is a public company listed on NYS. |
| 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? | Similar companies to Black Stone Minerals include e.g. ADNOC Drilling Company, ADNOC Gas, Dana Gas, Fugro. |
| What is the current market cap of Black Stone Minerals? | Black Stone Minerals's current market cap is $2.6B |
| What is the current revenue of Black Stone Minerals? | Black Stone Minerals's last 12 months revenue is $442M. |
| What is the current revenue growth of Black Stone Minerals? | Black Stone Minerals revenue growth (NTM/LTM) is 7%. |
| What is the current EV/Revenue multiple of Black Stone Minerals? | Current revenue multiple of Black Stone Minerals is 6.1x. |
| 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's last 12 months EBITDA is $349M. |
| What is Black Stone Minerals's EBITDA margin? | Black Stone Minerals's last 12 months EBITDA margin is 79%. |
| What is the current EV/EBITDA multiple of Black Stone Minerals? | Current EBITDA multiple of Black Stone Minerals is 7.7x. |
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