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Side-by-side financial comparison of Astrana Health, Inc. (ASTH) and SM Energy Co (SM). Click either name above to swap in a different company.

Astrana Health, Inc. is the larger business by last-quarter revenue ($950.5M vs $704.9M, roughly 1.3× SM Energy Co). On growth, Astrana Health, Inc. posted the faster year-over-year revenue change (42.9% vs -17.3%). Over the past eight quarters, Astrana Health, Inc.'s revenue compounded faster (53.3% CAGR vs 12.2%).

Astrana Health, Inc. is a U.S.-based value-based healthcare services provider that primarily serves Medicare-eligible senior populations across the United States. It offers in-home primary care, chronic disease management, and care coordination services, aiming to improve patient health outcomes and reduce unnecessary medical costs.

SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.

ASTH vs SM — Head-to-Head

Bigger by revenue
ASTH
ASTH
1.3× larger
ASTH
$950.5M
$704.9M
SM
Growing faster (revenue YoY)
ASTH
ASTH
+60.1% gap
ASTH
42.9%
-17.3%
SM
Faster 2-yr revenue CAGR
ASTH
ASTH
Annualised
ASTH
53.3%
12.2%
SM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ASTH
ASTH
SM
SM
Revenue
$950.5M
$704.9M
Net Profit
$6.6M
Gross Margin
Operating Margin
1.9%
25.9%
Net Margin
0.7%
Revenue YoY
42.9%
-17.3%
Net Profit YoY
184.4%
EPS (diluted)
$0.12
$0.94

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ASTH
ASTH
SM
SM
Q4 25
$950.5M
$704.9M
Q3 25
$956.0M
$811.6M
Q2 25
$654.8M
$792.9M
Q1 25
$620.4M
$844.5M
Q4 24
$665.2M
$852.0M
Q3 24
$478.7M
$643.6M
Q2 24
$486.3M
$634.6M
Q1 24
$404.4M
$559.9M
Net Profit
ASTH
ASTH
SM
SM
Q4 25
$6.6M
Q3 25
$373.0K
$155.1M
Q2 25
$9.4M
$201.7M
Q1 25
$6.7M
$182.3M
Q4 24
$-7.8M
Q3 24
$16.1M
$240.5M
Q2 24
$19.2M
$210.3M
Q1 24
$14.8M
$131.2M
Operating Margin
ASTH
ASTH
SM
SM
Q4 25
1.9%
25.9%
Q3 25
2.0%
30.4%
Q2 25
3.1%
37.2%
Q1 25
3.3%
32.7%
Q4 24
0.1%
33.7%
Q3 24
5.9%
51.4%
Q2 24
6.2%
44.0%
Q1 24
7.5%
31.9%
Net Margin
ASTH
ASTH
SM
SM
Q4 25
0.7%
Q3 25
0.0%
19.1%
Q2 25
1.4%
25.4%
Q1 25
1.1%
21.6%
Q4 24
-1.2%
Q3 24
3.4%
37.4%
Q2 24
3.9%
33.1%
Q1 24
3.7%
23.4%
EPS (diluted)
ASTH
ASTH
SM
SM
Q4 25
$0.12
$0.94
Q3 25
$0.01
$1.35
Q2 25
$0.19
$1.76
Q1 25
$0.14
$1.59
Q4 24
$-0.14
$1.63
Q3 24
$0.33
$2.09
Q2 24
$0.40
$1.82
Q1 24
$0.31
$1.13

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASTH
ASTH
SM
SM
Cash + ST InvestmentsLiquidity on hand
$429.5M
$368.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$779.3M
$4.8B
Total Assets
$2.2B
$9.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASTH
ASTH
SM
SM
Q4 25
$429.5M
$368.0M
Q3 25
$463.4M
$162.3M
Q2 25
$342.1M
$101.9M
Q1 25
$260.9M
$54.0K
Q4 24
$290.8M
Q3 24
$350.3M
$1.7B
Q2 24
$327.7M
$487.9M
Q1 24
$337.3M
$506.3M
Stockholders' Equity
ASTH
ASTH
SM
SM
Q4 25
$779.3M
$4.8B
Q3 25
$775.5M
$4.7B
Q2 25
$765.5M
$4.6B
Q1 25
$745.4M
$4.4B
Q4 24
$712.7M
$4.2B
Q3 24
$704.6M
$4.1B
Q2 24
$678.9M
$3.8B
Q1 24
$653.5M
$3.7B
Total Assets
ASTH
ASTH
SM
SM
Q4 25
$2.2B
$9.3B
Q3 25
$2.2B
$9.1B
Q2 25
$1.4B
$9.0B
Q1 25
$1.3B
$8.8B
Q4 24
$1.4B
$8.6B
Q3 24
$1.3B
$8.0B
Q2 24
$1.3B
$6.7B
Q1 24
$1.2B
$6.4B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ASTH
ASTH
SM
SM
Operating Cash FlowLast quarter
$-2.9M
$451.9M
Free Cash FlowOCF − Capex
$-6.0M
FCF MarginFCF / Revenue
-0.6%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
-0.44×
TTM Free Cash FlowTrailing 4 quarters
$104.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASTH
ASTH
SM
SM
Q4 25
$-2.9M
$451.9M
Q3 25
$10.0M
$505.0M
Q2 25
$90.9M
$571.1M
Q1 25
$16.6M
$483.0M
Q4 24
$-10.9M
$578.4M
Q3 24
$34.0M
$452.3M
Q2 24
$23.2M
$476.4M
Q1 24
$6.0M
$276.0M
Free Cash Flow
ASTH
ASTH
SM
SM
Q4 25
$-6.0M
Q3 25
$7.4M
Q2 25
$89.5M
Q1 25
$13.6M
Q4 24
$-13.5M
Q3 24
$31.7M
Q2 24
$20.4M
Q1 24
$5.6M
FCF Margin
ASTH
ASTH
SM
SM
Q4 25
-0.6%
Q3 25
0.8%
Q2 25
13.7%
Q1 25
2.2%
Q4 24
-2.0%
Q3 24
6.6%
Q2 24
4.2%
Q1 24
1.4%
Capex Intensity
ASTH
ASTH
SM
SM
Q4 25
0.3%
Q3 25
0.3%
Q2 25
0.2%
Q1 25
0.5%
Q4 24
0.4%
Q3 24
0.5%
Q2 24
0.6%
Q1 24
0.1%
Cash Conversion
ASTH
ASTH
SM
SM
Q4 25
-0.44×
Q3 25
26.69×
3.26×
Q2 25
9.65×
2.83×
Q1 25
2.48×
2.65×
Q4 24
Q3 24
2.11×
1.88×
Q2 24
1.21×
2.27×
Q1 24
0.40×
2.10×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ASTH
ASTH

Medicare$542.4M57%
Commercial$99.1M10%
Care Delivery$92.1M10%
Care Enablement$78.9M8%
Other Third Parties$58.0M6%
Health Care Patient Service$39.8M4%
Health Care Other$25.5M3%
Other$12.1M1%
Management Service$10.3M1%

SM
SM

Segment breakdown not available.

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