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Side-by-side financial comparison of GRAIL, Inc. (GRAL) and SANDRIDGE ENERGY INC (SD). Click either name above to swap in a different company.
GRAIL, Inc. is the larger business by last-quarter revenue ($43.6M vs $39.4M, roughly 1.1× SANDRIDGE ENERGY INC). SANDRIDGE ENERGY INC runs the higher net margin — 54.9% vs -227.5%, a 282.4% gap on every dollar of revenue. On growth, GRAIL, Inc. posted the faster year-over-year revenue change (14.0% vs 1.1%). SANDRIDGE ENERGY INC produced more free cash flow last quarter ($14.4M vs $-63.9M). Over the past eight quarters, GRAIL, Inc.'s revenue compounded faster (27.7% CAGR vs 14.1%).
GRAIL, Inc. is an American biotechnology company based in Menlo Park, California founded in 2015 seeking to develop an early cancer screening test for people who do not have symptoms. As a startup it was a subsidiary of Illumina, which bought it outright in 2021.
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.
GRAL vs SD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.6M | $39.4M |
| Net Profit | $-99.2M | $21.6M |
| Gross Margin | — | — |
| Operating Margin | -285.4% | 38.5% |
| Net Margin | -227.5% | 54.9% |
| Revenue YoY | 14.0% | 1.1% |
| Net Profit YoY | -2.2% | 23.1% |
| EPS (diluted) | $-2.37 | $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.
| Q4 25 | $43.6M | $39.4M | ||
| Q3 25 | $36.2M | $39.8M | ||
| Q2 25 | $35.5M | $34.5M | ||
| Q1 25 | $31.8M | $42.6M | ||
| Q4 24 | $38.3M | $39.0M | ||
| Q3 24 | $28.7M | $30.1M | ||
| Q2 24 | $32.0M | $26.0M | ||
| Q1 24 | $26.7M | $30.3M |
| Q4 25 | $-99.2M | $21.6M | ||
| Q3 25 | $-89.0M | $16.0M | ||
| Q2 25 | $-114.0M | $19.6M | ||
| Q1 25 | $-106.2M | $13.0M | ||
| Q4 24 | $-97.1M | $17.6M | ||
| Q3 24 | $-125.7M | $25.5M | ||
| Q2 24 | $-1.6B | $8.8M | ||
| Q1 24 | $-218.9M | $11.1M |
| Q4 25 | -285.4% | 38.5% | ||
| Q3 25 | -346.2% | 37.8% | ||
| Q2 25 | -446.9% | 53.7% | ||
| Q1 25 | -482.5% | 28.6% | ||
| Q4 24 | -358.0% | 25.9% | ||
| Q3 24 | -640.5% | 28.3% | ||
| Q2 24 | -5133.8% | 23.9% | ||
| Q1 24 | -851.1% | 27.8% |
| Q4 25 | -227.5% | 54.9% | ||
| Q3 25 | -245.8% | 40.1% | ||
| Q2 25 | -320.7% | 56.6% | ||
| Q1 25 | -333.6% | 30.6% | ||
| Q4 24 | -253.8% | 45.1% | ||
| Q3 24 | -438.7% | 84.8% | ||
| Q2 24 | -4958.8% | 33.9% | ||
| Q1 24 | -819.3% | 36.7% |
| Q4 25 | $-2.37 | $0.59 | ||
| Q3 25 | $-2.46 | $0.43 | ||
| Q2 25 | $-3.18 | $0.53 | ||
| Q1 25 | $-3.10 | $0.35 | ||
| Q4 24 | $-1.49 | $0.46 | ||
| Q3 24 | $-3.94 | $0.69 | ||
| Q2 24 | $-51.06 | $0.24 | ||
| Q1 24 | $-7.05 | $0.30 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $249.7M | $111.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.6B | $510.9M |
| Total Assets | $2.9B | $644.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $249.7M | $111.0M | ||
| Q3 25 | $126.9M | $101.2M | ||
| Q2 25 | $127.4M | $102.8M | ||
| Q1 25 | $133.9M | $99.7M | ||
| Q4 24 | $214.2M | $98.1M | ||
| Q3 24 | $853.6M | $92.7M | ||
| Q2 24 | $958.8M | $209.9M | ||
| Q1 24 | $199.7M | $207.0M |
| Q4 25 | $2.6B | $510.9M | ||
| Q3 25 | $2.2B | $492.4M | ||
| Q2 25 | $2.3B | $480.2M | ||
| Q1 25 | $2.4B | $464.9M | ||
| Q4 24 | $2.5B | $460.5M | ||
| Q3 24 | $2.6B | $446.8M | ||
| Q2 24 | $2.7B | $424.8M | ||
| Q1 24 | — | $419.7M |
| Q4 25 | $2.9B | $644.0M | ||
| Q3 25 | $2.6B | $619.0M | ||
| Q2 25 | $2.7B | $602.3M | ||
| Q1 25 | $2.8B | $588.3M | ||
| Q4 24 | $3.0B | $581.5M | ||
| Q3 24 | $3.1B | $565.2M | ||
| Q2 24 | $3.3B | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-63.8M | $31.7M |
| Free Cash FlowOCF − Capex | $-63.9M | $14.4M |
| FCF MarginFCF / Revenue | -146.5% | 36.6% |
| Capex IntensityCapex / Revenue | 0.2% | 43.8% |
| Cash ConversionOCF / Net Profit | — | 1.46× |
| TTM Free Cash FlowTrailing 4 quarters | $-299.9M | $41.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-63.8M | $31.7M | ||
| Q3 25 | $-63.2M | $25.3M | ||
| Q2 25 | $-77.0M | $22.9M | ||
| Q1 25 | $-95.0M | $20.3M | ||
| Q4 24 | — | $26.0M | ||
| Q3 24 | $-104.6M | $20.8M | ||
| Q2 24 | $-171.8M | $11.4M | ||
| Q1 24 | $-207.3M | $15.7M |
| Q4 25 | $-63.9M | $14.4M | ||
| Q3 25 | $-63.6M | $5.9M | ||
| Q2 25 | $-77.3M | $7.3M | ||
| Q1 25 | $-95.1M | $13.9M | ||
| Q4 24 | — | $13.2M | ||
| Q3 24 | $-105.6M | $10.8M | ||
| Q2 24 | $-173.2M | $9.0M | ||
| Q1 24 | $-209.8M | $14.6M |
| Q4 25 | -146.5% | 36.6% | ||
| Q3 25 | -175.8% | 14.9% | ||
| Q2 25 | -217.6% | 21.0% | ||
| Q1 25 | -298.6% | 32.7% | ||
| Q4 24 | — | 33.8% | ||
| Q3 24 | -368.4% | 36.1% | ||
| Q2 24 | -541.7% | 34.5% | ||
| Q1 24 | -785.3% | 48.1% |
| Q4 25 | 0.2% | 43.8% | ||
| Q3 25 | 1.1% | 48.6% | ||
| Q2 25 | 1.0% | 45.2% | ||
| Q1 25 | 0.2% | 15.0% | ||
| Q4 24 | — | 32.9% | ||
| Q3 24 | 3.4% | 33.3% | ||
| Q2 24 | 4.3% | 9.4% | ||
| Q1 24 | 9.5% | 3.7% |
| 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 | — | 1.30× | ||
| Q1 24 | — | 1.41× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GRAL
| Screening Revenue | $42.3M | 97% |
| Developmental Services Revenue | $1.3M | 3% |
SD
| Oil Reserves | $19.0M | 48% |
| Natural Gas Reserves | $11.6M | 30% |
| Natural Gas Liquids Reserves | $8.7M | 22% |
