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Side-by-side financial comparison of Connect Biopharma Holdings Ltd (CNTB) 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 $24.1M, roughly 1.6× Connect Biopharma Holdings Ltd). Connect Biopharma Holdings Ltd runs the higher net margin — 61.6% vs 54.9%, a 6.6% gap on every dollar of revenue.

Connect Biopharma Holdings Ltd is a clinical-stage global biopharmaceutical company dedicated to developing innovative targeted therapies for inflammatory, immunological and autoimmune diseases. Its core pipeline includes candidate treatments for asthma, atopic dermatitis and other conditions with high unmet medical needs, with main operations across the U.S., China and key global markets to deliver effective therapeutic solutions to patients.

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.

CNTB vs SD — Head-to-Head

Bigger by revenue
SD
SD
1.6× larger
SD
$39.4M
$24.1M
CNTB
Higher net margin
CNTB
CNTB
6.6% more per $
CNTB
61.6%
54.9%
SD

Income Statement — Q2 FY2024 vs Q4 FY2025

Metric
CNTB
CNTB
SD
SD
Revenue
$24.1M
$39.4M
Net Profit
$14.8M
$21.6M
Gross Margin
Operating Margin
56.6%
38.5%
Net Margin
61.6%
54.9%
Revenue YoY
1.1%
Net Profit YoY
148.7%
23.1%
EPS (diluted)
$0.27
$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
CNTB
CNTB
SD
SD
Q4 25
$39.4M
Q3 25
$39.8M
Q2 25
$34.5M
Q1 25
$42.6M
Q4 24
$39.0M
Q3 24
$30.1M
Q2 24
$24.1M
$26.0M
Q1 24
$30.3M
Net Profit
CNTB
CNTB
SD
SD
Q4 25
$21.6M
Q3 25
$16.0M
Q2 25
$19.6M
Q1 25
$13.0M
Q4 24
$17.6M
Q3 24
$25.5M
Q2 24
$14.8M
$8.8M
Q1 24
$11.1M
Operating Margin
CNTB
CNTB
SD
SD
Q4 25
38.5%
Q3 25
37.8%
Q2 25
53.7%
Q1 25
28.6%
Q4 24
25.9%
Q3 24
28.3%
Q2 24
56.6%
23.9%
Q1 24
27.8%
Net Margin
CNTB
CNTB
SD
SD
Q4 25
54.9%
Q3 25
40.1%
Q2 25
56.6%
Q1 25
30.6%
Q4 24
45.1%
Q3 24
84.8%
Q2 24
61.6%
33.9%
Q1 24
36.7%
EPS (diluted)
CNTB
CNTB
SD
SD
Q4 25
$0.59
Q3 25
$0.43
Q2 25
$0.53
Q1 25
$0.35
Q4 24
$0.46
Q3 24
$0.69
Q2 24
$0.27
$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
CNTB
CNTB
SD
SD
Cash + ST InvestmentsLiquidity on hand
$110.2M
$111.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$110.9M
$510.9M
Total Assets
$120.6M
$644.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNTB
CNTB
SD
SD
Q4 25
$111.0M
Q3 25
$101.2M
Q2 25
$102.8M
Q1 25
$99.7M
Q4 24
$98.1M
Q3 24
$92.7M
Q2 24
$110.2M
$209.9M
Q1 24
$207.0M
Stockholders' Equity
CNTB
CNTB
SD
SD
Q4 25
$510.9M
Q3 25
$492.4M
Q2 25
$480.2M
Q1 25
$464.9M
Q4 24
$460.5M
Q3 24
$446.8M
Q2 24
$110.9M
$424.8M
Q1 24
$419.7M
Total Assets
CNTB
CNTB
SD
SD
Q4 25
$644.0M
Q3 25
$619.0M
Q2 25
$602.3M
Q1 25
$588.3M
Q4 24
$581.5M
Q3 24
$565.2M
Q2 24
$120.6M
$529.6M
Q1 24
$527.4M

Cash Flow & Capital Efficiency

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

Metric
CNTB
CNTB
SD
SD
Operating Cash FlowLast quarter
$-8.0M
$31.7M
Free Cash FlowOCF − Capex
$14.4M
FCF MarginFCF / Revenue
36.6%
Capex IntensityCapex / Revenue
43.8%
Cash ConversionOCF / Net Profit
-0.54×
1.46×
TTM Free Cash FlowTrailing 4 quarters
$41.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNTB
CNTB
SD
SD
Q4 25
$31.7M
Q3 25
$25.3M
Q2 25
$22.9M
Q1 25
$20.3M
Q4 24
$26.0M
Q3 24
$20.8M
Q2 24
$-8.0M
$11.4M
Q1 24
$15.7M
Free Cash Flow
CNTB
CNTB
SD
SD
Q4 25
$14.4M
Q3 25
$5.9M
Q2 25
$7.3M
Q1 25
$13.9M
Q4 24
$13.2M
Q3 24
$10.8M
Q2 24
$9.0M
Q1 24
$14.6M
FCF Margin
CNTB
CNTB
SD
SD
Q4 25
36.6%
Q3 25
14.9%
Q2 25
21.0%
Q1 25
32.7%
Q4 24
33.8%
Q3 24
36.1%
Q2 24
34.5%
Q1 24
48.1%
Capex Intensity
CNTB
CNTB
SD
SD
Q4 25
43.8%
Q3 25
48.6%
Q2 25
45.2%
Q1 25
15.0%
Q4 24
32.9%
Q3 24
33.3%
Q2 24
9.4%
Q1 24
3.7%
Cash Conversion
CNTB
CNTB
SD
SD
Q4 25
1.46×
Q3 25
1.58×
Q2 25
1.17×
Q1 25
1.56×
Q4 24
1.48×
Q3 24
0.82×
Q2 24
-0.54×
1.30×
Q1 24
1.41×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CNTB
CNTB

Segment breakdown not available.

SD
SD

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

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