CRC vs. BSM

Last updated Apr 1, 2026

Compare and contrast key facts about California Resources Corporation (CRC) and Black Stone Minerals, L.P. (BSM).

Performance

CRC vs. BSM - Performance Comparison

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

CRC vs. BSM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CRC California Resources Corporation	55.84%	-10.78%	-2.57%	28.85%	3.69%	81.82%	57.27%
BSM Black Stone Minerals, L.P.	16.05%	0.56%	1.47%	5.85%	80.82%	67.42%	11.10%

Fundamentals

EPS CRC : $4.42 BSM : $1.38
PE Ratio CRC : 15.66 BSM : 10.93
PS Ratio CRC : 1.70 BSM : 8.30
Total Revenue (TTM) CRC : $3.53B BSM : $395.04M
Gross Profit (TTM) CRC : $1.34B BSM : $296.51M
EBITDA (TTM) CRC : $1.27B BSM : $323.06M

Returns By Period

In the year-to-date period, CRC achieves a 55.84% return, which is significantly higher than BSM's 16.05% return.

CRC

• 1D: 0.48%
• 1M: 18.41%
• YTD: 55.84%
• 6M: 32.14%
• 1Y: 62.55%
• 3Y*: 25.14%
• 5Y*: 26.58%
• 10Y*: —

BSM

• 1D: -0.92%
• 1M: 0.13%
• YTD: 16.05%
• 6M: 20.08%
• 1Y: 8.82%
• 3Y*: 9.41%
• 5Y*: 22.22%
• 10Y*: 10.27%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CRC vs. BSM — Risk / Return Rank

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

CRC

CRC Risk / Return Rank: 80
CRC Sharpe Ratio Rank: 85
CRC Sortino Ratio Rank: 78
CRC Omega Ratio Rank: 81
CRC Calmar Ratio Rank: 79
CRC Martin Ratio Rank: 77

BSM

BSM Risk / Return Rank: 51
BSM Sharpe Ratio Rank: 56
BSM Sortino Ratio Rank: 47
BSM Omega Ratio Rank: 47
BSM Calmar Ratio Rank: 53
BSM Martin Ratio Rank: 52

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CRC vs. BSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for California Resources Corporation (CRC) and Black Stone Minerals, L.P. (BSM). 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.

	CRC	BSM	Difference
Sharpe ratio Return per unit of total volatility	1.52	0.38	+1.14
Sortino ratio Return per unit of downside risk	1.98	0.67	+1.30
Omega ratio Gain probability vs. loss probability	1.29	1.08	+0.20
Calmar ratio Return relative to maximum drawdown	2.18	0.46	+1.71
Martin ratio Return relative to average drawdown	4.91	0.93	+3.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CRC vs. BSM - Sharpe Ratio Comparison

The current CRC Sharpe Ratio is 1.52, which is higher than the BSM Sharpe Ratio of 0.38. The chart below compares the historical Sharpe Ratios of CRC and BSM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CRC	BSM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.52	0.38	+1.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.84	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.22	+0.60

Correlation

The correlation between CRC and BSM is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CRC vs. BSM - Dividend Comparison

CRC's dividend yield for the trailing twelve months is around 2.29%, less than BSM's 8.43% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRC California Resources Corporation	2.29%	3.51%	2.69%	2.12%	1.82%	0.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BSM Black Stone Minerals, L.P.	8.43%	10.16%	10.96%	11.90%	9.13%	8.23%	10.18%	11.64%	8.61%	6.69%	5.86%	2.94%

Drawdowns

CRC vs. BSM - Drawdown Comparison

The maximum CRC drawdown since its inception was -44.75%, smaller than the maximum BSM drawdown of -75.58%. Use the drawdown chart below to compare losses from any high point for CRC and BSM.

Drawdown Indicators

	CRC	BSM	Difference
Max Drawdown Largest peak-to-trough decline	-44.75%	-75.58%	+30.83%
Max Drawdown (1Y) Largest decline over 1 year	-28.99%	-19.66%	-9.33%
Max Drawdown (5Y) Largest decline over 5 years	-44.75%	-25.52%	-19.23%
Max Drawdown (10Y) Largest decline over 10 years	—	-75.58%	—
Current Drawdown Current decline from peak	0.00%	-2.07%	+2.07%
Average Drawdown Average peak-to-trough decline	-11.73%	-16.53%	+4.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.83%	9.76%	+3.07%

Volatility

CRC vs. BSM - Volatility Comparison

California Resources Corporation (CRC) has a higher volatility of 8.03% compared to Black Stone Minerals, L.P. (BSM) at 5.26%. This indicates that CRC's price experiences larger fluctuations and is considered to be riskier than BSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRC	BSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.03%	5.26%	+2.77%
Volatility (6M) Calculated over the trailing 6-month period	22.21%	14.40%	+7.81%
Volatility (1Y) Calculated over the trailing 1-year period	41.36%	23.57%	+17.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.81%	26.82%	+13.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.42%	31.68%	+11.74%

Financials

CRC vs. BSM - Profitability Comparison

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

CRC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, California Resources Corporation reported a gross profit of 337.00M and revenue of 878.00M. Therefore, the gross margin over that period was 38.4%.

BSM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Black Stone Minerals, L.P. reported a gross profit of 65.41M and revenue of 95.18M. Therefore, the gross margin over that period was 68.7%.

CRC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, California Resources Corporation reported an operating income of 180.00M and revenue of 878.00M, resulting in an operating margin of 20.5%.

BSM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Black Stone Minerals, L.P. reported an operating income of 51.33M and revenue of 95.18M, resulting in an operating margin of 53.9%.

CRC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, California Resources Corporation reported a net income of 64.00M and revenue of 878.00M, resulting in a net margin of 7.3%.

BSM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Black Stone Minerals, L.P. reported a net income of 72.23M and revenue of 95.18M, resulting in a net margin of 75.9%.