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Side-by-side financial comparison of Burford Capital Ltd (BUR) and SANDRIDGE ENERGY INC (SD). Click either name above to swap in a different company.

SANDRIDGE ENERGY INC is the larger business by last-quarter revenue ($39.4M vs $33.4M, roughly 1.2× Burford Capital Ltd). SANDRIDGE ENERGY INC runs the higher net margin — 54.9% vs -112.2%, a 167.2% gap on every dollar of revenue. SANDRIDGE ENERGY INC produced more free cash flow last quarter ($14.4M vs $-29.3M).

Burford Capital is a financial services company that provides specialized finance to the legal market. Founded in 2009, it offers financing to corporate legal departments and law firms engaged in litigation and arbitration, asset recovery and other legal finance and advisory activities. It operates internationally with headquarters in Guernsey.

SandRidge Energy, Inc. is a company engaged in hydrocarbon exploration in the Mid-Continent region of the United States. It is organized in Delaware and headquartered in Oklahoma City, Oklahoma.

BUR vs SD — Head-to-Head

Bigger by revenue
SD
SD
1.2× larger
SD
$39.4M
$33.4M
BUR
Higher net margin
SD
SD
167.2% more per $
SD
54.9%
-112.2%
BUR
More free cash flow
SD
SD
$43.7M more FCF
SD
$14.4M
$-29.3M
BUR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BUR
BUR
SD
SD
Revenue
$33.4M
$39.4M
Net Profit
$-37.5M
$21.6M
Gross Margin
Operating Margin
-37.9%
38.5%
Net Margin
-112.2%
54.9%
Revenue YoY
1.1%
Net Profit YoY
23.1%
EPS (diluted)
$-0.16
$0.59

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
BUR
BUR
SD
SD
Q4 25
$33.4M
$39.4M
Q3 25
$69.8M
$39.8M
Q2 25
$191.3M
$34.5M
Q1 25
$118.9M
$42.6M
Q4 24
$39.0M
Q3 24
$159.7M
$30.1M
Q2 24
$44.3M
$26.0M
Q1 24
$30.3M
Net Profit
BUR
BUR
SD
SD
Q4 25
$-37.5M
$21.6M
Q3 25
$-19.2M
$16.0M
Q2 25
$88.3M
$19.6M
Q1 25
$30.9M
$13.0M
Q4 24
$17.6M
Q3 24
$53.7M
$25.5M
Q2 24
$-29.9M
$8.8M
Q1 24
$11.1M
Operating Margin
BUR
BUR
SD
SD
Q4 25
-37.9%
38.5%
Q3 25
35.5%
37.8%
Q2 25
74.3%
53.7%
Q1 25
65.4%
28.6%
Q4 24
25.9%
Q3 24
76.1%
28.3%
Q2 24
32.0%
23.9%
Q1 24
27.8%
Net Margin
BUR
BUR
SD
SD
Q4 25
-112.2%
54.9%
Q3 25
-27.4%
40.1%
Q2 25
46.2%
56.6%
Q1 25
26.0%
30.6%
Q4 24
45.1%
Q3 24
33.7%
84.8%
Q2 24
-67.6%
33.9%
Q1 24
36.7%
EPS (diluted)
BUR
BUR
SD
SD
Q4 25
$-0.16
$0.59
Q3 25
$-0.09
$0.43
Q2 25
$0.39
$0.53
Q1 25
$0.14
$0.35
Q4 24
$0.46
Q3 24
$0.24
$0.69
Q2 24
$-0.14
$0.24
Q1 24
$0.30

Balance Sheet & Financial Strength

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

Metric
BUR
BUR
SD
SD
Cash + ST InvestmentsLiquidity on hand
$943.5M
$111.0M
Total DebtLower is stronger
$2.1B
Stockholders' EquityBook value
$2.4B
$510.9M
Total Assets
$6.6B
$644.0M
Debt / EquityLower = less leverage
0.87×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BUR
BUR
SD
SD
Q4 25
$943.5M
$111.0M
Q3 25
$677.7M
$101.2M
Q2 25
$372.2M
$102.8M
Q1 25
$486.6M
$99.7M
Q4 24
$98.1M
Q3 24
$92.7M
Q2 24
$209.9M
Q1 24
$207.0M
Total Debt
BUR
BUR
SD
SD
Q4 25
$2.1B
Q3 25
$2.1B
Q2 25
$1.8B
Q1 25
$1.8B
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BUR
BUR
SD
SD
Q4 25
$2.4B
$510.9M
Q3 25
$2.5B
$492.4M
Q2 25
$2.5B
$480.2M
Q1 25
$2.4B
$464.9M
Q4 24
$460.5M
Q3 24
$3.2B
$446.8M
Q2 24
$3.1B
$424.8M
Q1 24
$419.7M
Total Assets
BUR
BUR
SD
SD
Q4 25
$6.6B
$644.0M
Q3 25
$6.7B
$619.0M
Q2 25
$6.3B
$602.3M
Q1 25
$6.2B
$588.3M
Q4 24
$581.5M
Q3 24
$565.2M
Q2 24
$529.6M
Q1 24
$527.4M
Debt / Equity
BUR
BUR
SD
SD
Q4 25
0.87×
Q3 25
0.86×
Q2 25
0.71×
Q1 25
0.72×
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
BUR
BUR
SD
SD
Operating Cash FlowLast quarter
$-29.0M
$31.7M
Free Cash FlowOCF − Capex
$-29.3M
$14.4M
FCF MarginFCF / Revenue
-87.7%
36.6%
Capex IntensityCapex / Revenue
0.8%
43.8%
Cash ConversionOCF / Net Profit
1.46×
TTM Free Cash FlowTrailing 4 quarters
$21.4M
$41.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BUR
BUR
SD
SD
Q4 25
$-29.0M
$31.7M
Q3 25
$-20.1M
$25.3M
Q2 25
$-84.2M
$22.9M
Q1 25
$155.2M
$20.3M
Q4 24
$26.0M
Q3 24
$-97.4M
$20.8M
Q2 24
$53.0M
$11.4M
Q1 24
$15.7M
Free Cash Flow
BUR
BUR
SD
SD
Q4 25
$-29.3M
$14.4M
Q3 25
$-20.1M
$5.9M
Q2 25
$-84.3M
$7.3M
Q1 25
$155.1M
$13.9M
Q4 24
$13.2M
Q3 24
$-97.4M
$10.8M
Q2 24
$52.9M
$9.0M
Q1 24
$14.6M
FCF Margin
BUR
BUR
SD
SD
Q4 25
-87.7%
36.6%
Q3 25
-28.8%
14.9%
Q2 25
-44.1%
21.0%
Q1 25
130.5%
32.7%
Q4 24
33.8%
Q3 24
-61.0%
36.1%
Q2 24
119.5%
34.5%
Q1 24
48.1%
Capex Intensity
BUR
BUR
SD
SD
Q4 25
0.8%
43.8%
Q3 25
0.1%
48.6%
Q2 25
0.1%
45.2%
Q1 25
0.0%
15.0%
Q4 24
32.9%
Q3 24
0.0%
33.3%
Q2 24
0.1%
9.4%
Q1 24
3.7%
Cash Conversion
BUR
BUR
SD
SD
Q4 25
1.46×
Q3 25
1.58×
Q2 25
-0.95×
1.17×
Q1 25
5.02×
1.56×
Q4 24
1.48×
Q3 24
-1.81×
0.82×
Q2 24
1.30×
Q1 24
1.41×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BUR
BUR

Principal Finance Segment$29.1M87%
Other$3.5M10%
Management Fee Income$878.0K3%

SD
SD

Oil Reserves$19.0M48%
Natural Gas Reserves$11.6M30%
Natural Gas Liquids Reserves$8.7M22%

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