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BSM vs. DMLP
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between BSM and DMLP is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


Performance

BSM vs. DMLP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Black Stone Minerals, L.P. (BSM) and Dorchester Minerals, L.P. (DMLP). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

BSM:

-0.23

DMLP:

-0.15

Sortino Ratio

BSM:

-0.09

DMLP:

-0.13

Omega Ratio

BSM:

0.99

DMLP:

0.98

Calmar Ratio

BSM:

-0.22

DMLP:

-0.23

Martin Ratio

BSM:

-0.66

DMLP:

-0.59

Ulcer Index

BSM:

5.63%

DMLP:

8.11%

Daily Std Dev

BSM:

22.26%

DMLP:

23.11%

Max Drawdown

BSM:

-75.58%

DMLP:

-72.35%

Current Drawdown

BSM:

-10.75%

DMLP:

-16.40%

Fundamentals

Market Cap

BSM:

$2.91B

DMLP:

$1.34B

EPS

BSM:

$0.92

DMLP:

$2.05

PE Ratio

BSM:

14.95

DMLP:

13.81

PEG Ratio

BSM:

1.22

DMLP:

0.00

PS Ratio

BSM:

6.84

DMLP:

8.67

PB Ratio

BSM:

2.71

DMLP:

3.91

Total Revenue (TTM)

BSM:

$437.90M

DMLP:

$173.71M

Gross Profit (TTM)

BSM:

$335.83M

DMLP:

$114.94M

EBITDA (TTM)

BSM:

$269.93M

DMLP:

$127.59M

Returns By Period

In the year-to-date period, BSM achieves a -1.49% return, which is significantly higher than DMLP's -13.01% return. Over the past 10 years, BSM has underperformed DMLP with an annualized return of 6.77%, while DMLP has yielded a comparatively higher 12.16% annualized return.


BSM

YTD

-1.49%

1M

-4.13%

6M

-5.50%

1Y

-6.80%

5Y*

28.82%

10Y*

6.77%

DMLP

YTD

-13.01%

1M

-3.11%

6M

-12.38%

1Y

-3.65%

5Y*

33.13%

10Y*

12.16%

*Annualized

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Risk-Adjusted Performance

BSM vs. DMLP — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BSM
The Risk-Adjusted Performance Rank of BSM is 3535
Overall Rank
The Sharpe Ratio Rank of BSM is 3838
Sharpe Ratio Rank
The Sortino Ratio Rank of BSM is 3333
Sortino Ratio Rank
The Omega Ratio Rank of BSM is 3333
Omega Ratio Rank
The Calmar Ratio Rank of BSM is 3636
Calmar Ratio Rank
The Martin Ratio Rank of BSM is 3636
Martin Ratio Rank

DMLP
The Risk-Adjusted Performance Rank of DMLP is 3636
Overall Rank
The Sharpe Ratio Rank of DMLP is 4242
Sharpe Ratio Rank
The Sortino Ratio Rank of DMLP is 3131
Sortino Ratio Rank
The Omega Ratio Rank of DMLP is 3232
Omega Ratio Rank
The Calmar Ratio Rank of DMLP is 3636
Calmar Ratio Rank
The Martin Ratio Rank of DMLP is 3838
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BSM vs. DMLP - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Black Stone Minerals, L.P. (BSM) and Dorchester Minerals, L.P. (DMLP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


The current BSM Sharpe Ratio is -0.23, which is lower than the DMLP Sharpe Ratio of -0.15. The chart below compares the historical Sharpe Ratios of BSM and DMLP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

BSM vs. DMLP - Dividend Comparison

BSM's dividend yield for the trailing twelve months is around 11.00%, less than DMLP's 11.17% yield.


TTM20242023202220212020201920182017201620152014
BSM
Black Stone Minerals, L.P.
11.00%10.96%11.90%9.13%7.74%10.18%11.64%8.61%6.69%5.86%2.94%0.00%
DMLP
Dorchester Minerals, L.P.
11.17%10.47%10.67%11.68%7.75%12.75%10.32%11.86%7.61%4.88%11.67%7.46%

Drawdowns

BSM vs. DMLP - Drawdown Comparison

The maximum BSM drawdown since its inception was -75.58%, roughly equal to the maximum DMLP drawdown of -72.35%. Use the drawdown chart below to compare losses from any high point for BSM and DMLP. For additional features, visit the drawdowns tool.


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Volatility

BSM vs. DMLP - Volatility Comparison

The current volatility for Black Stone Minerals, L.P. (BSM) is 7.27%, while Dorchester Minerals, L.P. (DMLP) has a volatility of 8.09%. This indicates that BSM experiences smaller price fluctuations and is considered to be less risky than DMLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Financials

BSM vs. DMLP - Financials Comparison

This section allows you to compare key financial metrics between Black Stone Minerals, L.P. and Dorchester Minerals, L.P.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


0.0050.00M100.00M150.00M200.00M20212022202320242025
115.25M
43.16M
(BSM) Total Revenue
(DMLP) Total Revenue
Values in USD except per share items

BSM vs. DMLP - Profitability Comparison

The chart below illustrates the profitability comparison between Black Stone Minerals, L.P. and Dorchester Minerals, L.P. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

Gross Margin
Operating Margin
Net Margin
Quarterly
Annual

20.0%40.0%60.0%80.0%100.0%20212022202320242025
81.4%
50.9%
(BSM) Gross Margin
(DMLP) Gross Margin
BSM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Black Stone Minerals, L.P. reported a gross profit of 93.78M and revenue of 115.25M. Therefore, the gross margin over that period was 81.4%.

DMLP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Dorchester Minerals, L.P. reported a gross profit of 21.96M and revenue of 43.16M. Therefore, the gross margin over that period was 50.9%.

BSM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Black Stone Minerals, L.P. reported an operating income of 17.16M and revenue of 115.25M, resulting in an operating margin of 14.9%.

DMLP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Dorchester Minerals, L.P. reported an operating income of 17.64M and revenue of 43.16M, resulting in an operating margin of 40.9%.

BSM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Black Stone Minerals, L.P. reported a net income of 15.95M and revenue of 115.25M, resulting in a net margin of 13.8%.

DMLP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Dorchester Minerals, L.P. reported a net income of 17.64M and revenue of 43.16M, resulting in a net margin of 40.9%.