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Side-by-side financial comparison of CLOVER HEALTH INVESTMENTS, CORP. (CLOV) and SM Energy Co (SM). Click either name above to swap in a different company.
SM Energy Co is the larger business by last-quarter revenue ($704.9M vs $487.7M, roughly 1.4× CLOVER HEALTH INVESTMENTS, CORP.). On growth, CLOVER HEALTH INVESTMENTS, CORP. posted the faster year-over-year revenue change (44.7% vs -17.3%). Over the past eight quarters, CLOVER HEALTH INVESTMENTS, CORP.'s revenue compounded faster (18.6% CAGR vs 12.2%).
Clover Health Investments, Corp. is an American health care company founded in 2014. The company provides Medicare Advantage (MA) insurance plans and operates as a direct contracting entity with the U.S. government. The company manages care for Medicare beneficiaries in 11 states and started trading publicly on January 8, 2021.
SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.
CLOV vs SM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $487.7M | $704.9M |
| Net Profit | $-49.3M | — |
| Gross Margin | — | — |
| Operating Margin | -10.1% | 25.9% |
| Net Margin | -10.1% | — |
| Revenue YoY | 44.7% | -17.3% |
| Net Profit YoY | -123.2% | — |
| EPS (diluted) | — | $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.
| Q4 25 | $487.7M | $704.9M | ||
| Q3 25 | $496.6M | $811.6M | ||
| Q2 25 | $477.6M | $792.9M | ||
| Q1 25 | $462.3M | $844.5M | ||
| Q4 24 | $337.0M | $852.0M | ||
| Q3 24 | $331.0M | $643.6M | ||
| Q2 24 | $356.3M | $634.6M | ||
| Q1 24 | $346.9M | $559.9M |
| Q4 25 | $-49.3M | — | ||
| Q3 25 | $-24.4M | $155.1M | ||
| Q2 25 | $-10.6M | $201.7M | ||
| Q1 25 | $-1.3M | $182.3M | ||
| Q4 24 | $-22.1M | — | ||
| Q3 24 | $-9.2M | $240.5M | ||
| Q2 24 | $7.4M | $210.3M | ||
| Q1 24 | $-19.2M | $131.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 24.5% | — | ||
| Q2 24 | 30.3% | — | ||
| Q1 24 | 23.6% | — |
| Q4 25 | -10.1% | 25.9% | ||
| Q3 25 | -4.9% | 30.4% | ||
| Q2 25 | -2.2% | 37.2% | ||
| Q1 25 | -0.3% | 32.7% | ||
| Q4 24 | -6.4% | 33.7% | ||
| Q3 24 | -2.7% | 51.4% | ||
| Q2 24 | 2.0% | 44.0% | ||
| Q1 24 | -6.5% | 31.9% |
| Q4 25 | -10.1% | — | ||
| Q3 25 | -4.9% | 19.1% | ||
| Q2 25 | -2.2% | 25.4% | ||
| Q1 25 | -0.3% | 21.6% | ||
| Q4 24 | -6.6% | — | ||
| Q3 24 | -2.8% | 37.4% | ||
| Q2 24 | 2.1% | 33.1% | ||
| Q1 24 | -5.5% | 23.4% |
| Q4 25 | — | $0.94 | ||
| Q3 25 | — | $1.35 | ||
| Q2 25 | — | $1.76 | ||
| Q1 25 | — | $1.59 | ||
| Q4 24 | — | $1.63 | ||
| Q3 24 | — | $2.09 | ||
| Q2 24 | — | $1.82 | ||
| Q1 24 | — | $1.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $78.3M | $368.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $308.7M | $4.8B |
| Total Assets | $541.0M | $9.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $78.3M | $368.0M | ||
| Q3 25 | — | $162.3M | ||
| Q2 25 | — | $101.9M | ||
| Q1 25 | — | $54.0K | ||
| Q4 24 | $194.5M | — | ||
| Q3 24 | $288.0M | $1.7B | ||
| Q2 24 | $254.8M | $487.9M | ||
| Q1 24 | $208.3M | $506.3M |
| Q4 25 | $308.7M | $4.8B | ||
| Q3 25 | $340.9M | $4.7B | ||
| Q2 25 | $344.2M | $4.6B | ||
| Q1 25 | $336.1M | $4.4B | ||
| Q4 24 | $341.1M | $4.2B | ||
| Q3 24 | $342.2M | $4.1B | ||
| Q2 24 | $324.9M | $3.8B | ||
| Q1 24 | $292.5M | $3.7B |
| Q4 25 | $541.0M | $9.3B | ||
| Q3 25 | $559.7M | $9.1B | ||
| Q2 25 | $575.0M | $9.0B | ||
| Q1 25 | $583.7M | $8.8B | ||
| Q4 24 | $580.7M | $8.6B | ||
| Q3 24 | $653.0M | $8.0B | ||
| Q2 24 | $674.2M | $6.7B | ||
| Q1 24 | $671.8M | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-66.9M | $451.9M |
| Free Cash FlowOCF − Capex | $-69.0M | — |
| FCF MarginFCF / Revenue | -14.1% | — |
| Capex IntensityCapex / Revenue | 0.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-69.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-66.9M | $451.9M | ||
| Q3 25 | $12.1M | $505.0M | ||
| Q2 25 | $5.4M | $571.1M | ||
| Q1 25 | $-16.3M | $483.0M | ||
| Q4 24 | $34.8M | $578.4M | ||
| Q3 24 | $50.0M | $452.3M | ||
| Q2 24 | $44.8M | $476.4M | ||
| Q1 24 | $25.9M | $276.0M |
| Q4 25 | $-69.0M | — | ||
| Q3 25 | $11.4M | — | ||
| Q2 25 | $4.8M | — | ||
| Q1 25 | $-16.5M | — | ||
| Q4 24 | $33.3M | — | ||
| Q3 24 | $49.6M | — | ||
| Q2 24 | $44.4M | — | ||
| Q1 24 | $25.5M | — |
| Q4 25 | -14.1% | — | ||
| Q3 25 | 2.3% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | -3.6% | — | ||
| Q4 24 | 9.9% | — | ||
| Q3 24 | 15.0% | — | ||
| Q2 24 | 12.5% | — | ||
| Q1 24 | 7.3% | — |
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.1% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 3.26× | ||
| Q2 25 | — | 2.83× | ||
| Q1 25 | — | 2.65× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.88× | ||
| Q2 24 | 6.04× | 2.27× | ||
| Q1 24 | — | 2.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
