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Side-by-side financial comparison of BYLINE BANCORP, INC. (BY) and Summit Midstream Corp (SMC). Click either name above to swap in a different company.

Summit Midstream Corp is the larger business by last-quarter revenue ($142.3M vs $112.4M, roughly 1.3× BYLINE BANCORP, INC.). BYLINE BANCORP, INC. runs the higher net margin — 33.4% vs -5.1%, a 38.6% gap on every dollar of revenue.

Byline Bank is a bank headquartered in Chicago, Illinois, United States. It is the primary subsidiary of Byline Bancorp, Inc., a bank holding company, and the 4th largest SBA 7(a) lender.

Summit Midstream Corp is a North American midstream energy firm serving upstream oil and gas producers. It runs natural gas and crude gathering pipelines, compression facilities, and produced water handling services, with assets across key US onshore resource basins.

BY vs SMC — Head-to-Head

Bigger by revenue
SMC
SMC
1.3× larger
SMC
$142.3M
$112.4M
BY
Higher net margin
BY
BY
38.6% more per $
BY
33.4%
-5.1%
SMC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BY
BY
SMC
SMC
Revenue
$112.4M
$142.3M
Net Profit
$37.6M
$-7.3M
Gross Margin
72.1%
Operating Margin
-5.5%
Net Margin
33.4%
-5.1%
Revenue YoY
9.0%
Net Profit YoY
33.0%
EPS (diluted)
$0.83
$-0.66

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
BY
BY
SMC
SMC
Q1 26
$112.4M
Q4 25
$117.0M
$142.3M
Q3 25
$115.7M
$146.9M
Q2 25
$110.5M
$140.2M
Q1 25
$103.1M
$132.7M
Q4 24
$104.7M
Q3 24
$101.8M
$102.4M
Q2 24
$99.4M
Net Profit
BY
BY
SMC
SMC
Q1 26
$37.6M
Q4 25
$34.5M
$-7.3M
Q3 25
$37.2M
$-1.6M
Q2 25
$30.1M
$-8.0M
Q1 25
$28.2M
$2.0M
Q4 24
$30.3M
Q3 24
$30.3M
$-204.9M
Q2 24
$29.7M
Gross Margin
BY
BY
SMC
SMC
Q1 26
Q4 25
72.1%
Q3 25
74.0%
Q2 25
74.4%
Q1 25
73.3%
Q4 24
Q3 24
72.4%
Q2 24
Operating Margin
BY
BY
SMC
SMC
Q1 26
Q4 25
40.1%
-5.5%
Q3 25
43.1%
3.8%
Q2 25
35.2%
-3.6%
Q1 25
36.4%
3.7%
Q4 24
38.6%
Q3 24
39.3%
-53.7%
Q2 24
40.4%
Net Margin
BY
BY
SMC
SMC
Q1 26
33.4%
Q4 25
34.1%
-5.1%
Q3 25
32.1%
-1.1%
Q2 25
27.2%
-5.7%
Q1 25
27.4%
1.5%
Q4 24
34.3%
Q3 24
29.8%
-200.1%
Q2 24
29.9%
EPS (diluted)
BY
BY
SMC
SMC
Q1 26
$0.83
Q4 25
$0.77
$-0.66
Q3 25
$0.82
$-0.13
Q2 25
$0.66
$-0.66
Q1 25
$0.64
$-0.16
Q4 24
$0.68
Q3 24
$0.69
$-19.25
Q2 24
$0.68

Balance Sheet & Financial Strength

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

Metric
BY
BY
SMC
SMC
Cash + ST InvestmentsLiquidity on hand
$198.4M
$9.3M
Total DebtLower is stronger
$1.0B
Stockholders' EquityBook value
$1.3B
$546.2M
Total Assets
$9.9B
$2.4B
Debt / EquityLower = less leverage
1.91×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BY
BY
SMC
SMC
Q1 26
$198.4M
Q4 25
$149.1M
$9.3M
Q3 25
$259.0M
$24.6M
Q2 25
$218.3M
$20.9M
Q1 25
$421.3M
$26.2M
Q4 24
$563.1M
Q3 24
$452.6M
$17.8M
Q2 24
$730.5M
Total Debt
BY
BY
SMC
SMC
Q1 26
Q4 25
$1.0B
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
Q3 24
$957.0M
Q2 24
Stockholders' Equity
BY
BY
SMC
SMC
Q1 26
$1.3B
Q4 25
$1.3B
$546.2M
Q3 25
$1.2B
$551.9M
Q2 25
$1.2B
$552.0M
Q1 25
$1.1B
$558.1M
Q4 24
$1.1B
Q3 24
$1.1B
$651.5M
Q2 24
$1.0B
Total Assets
BY
BY
SMC
SMC
Q1 26
$9.9B
Q4 25
$9.7B
$2.4B
Q3 25
$9.8B
$2.4B
Q2 25
$9.7B
$2.4B
Q1 25
$9.6B
$2.4B
Q4 24
$9.5B
Q3 24
$9.4B
$2.0B
Q2 24
$9.6B
Debt / Equity
BY
BY
SMC
SMC
Q1 26
Q4 25
1.91×
Q3 25
1.96×
Q2 25
1.95×
Q1 25
1.94×
Q4 24
Q3 24
1.47×
Q2 24

Cash Flow & Capital Efficiency

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

Metric
BY
BY
SMC
SMC
Operating Cash FlowLast quarter
$53.7M
Free Cash FlowOCF − Capex
$34.5M
FCF MarginFCF / Revenue
24.3%
Capex IntensityCapex / Revenue
13.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$44.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BY
BY
SMC
SMC
Q1 26
Q4 25
$140.3M
$53.7M
Q3 25
$38.3M
$26.7M
Q2 25
$16.3M
$37.2M
Q1 25
$27.1M
$16.0M
Q4 24
$175.2M
Q3 24
$19.8M
Q2 24
$40.1M
Free Cash Flow
BY
BY
SMC
SMC
Q1 26
Q4 25
$136.3M
$34.5M
Q3 25
$38.0M
$3.8M
Q2 25
$15.2M
$10.8M
Q1 25
$25.0M
$-4.6M
Q4 24
$171.2M
Q3 24
$19.1M
Q2 24
$39.4M
FCF Margin
BY
BY
SMC
SMC
Q1 26
Q4 25
116.5%
24.3%
Q3 25
32.8%
2.6%
Q2 25
13.7%
7.7%
Q1 25
24.3%
-3.4%
Q4 24
163.5%
Q3 24
18.8%
Q2 24
39.7%
Capex Intensity
BY
BY
SMC
SMC
Q1 26
Q4 25
3.4%
13.4%
Q3 25
0.3%
15.6%
Q2 25
1.0%
18.8%
Q1 25
2.0%
15.5%
Q4 24
3.8%
Q3 24
0.6%
Q2 24
0.7%
Cash Conversion
BY
BY
SMC
SMC
Q1 26
Q4 25
4.06×
Q3 25
1.03×
Q2 25
0.54×
Q1 25
0.96×
7.89×
Q4 24
5.78×
Q3 24
0.65×
Q2 24
1.35×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BY
BY

Segment breakdown not available.

SMC
SMC

Rockies Segment$86.2M61%
Mid Con Barnett Shale Segment$39.4M28%
Piceance Basin Segment$15.8M11%

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