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Side-by-side financial comparison of Goosehead Insurance, Inc. (GSHD) 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 $93.1M, roughly 1.5× Goosehead Insurance, Inc.). Goosehead Insurance, Inc. runs the higher net margin — 8.6% vs -5.1%, a 13.8% gap on every dollar of revenue.

Goosehead Insurance is a U.S.-based personal lines insurance agency that offers a wide range of coverage products including auto, home, renters, flood, and specialty insurance. It partners with hundreds of insurance carriers to provide clients with tailored, cost-effective coverage options, operating via corporate locations and a national franchise network for independent agents.

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.

GSHD vs SMC — Head-to-Head

Bigger by revenue
SMC
SMC
1.5× larger
SMC
$142.3M
$93.1M
GSHD
Higher net margin
GSHD
GSHD
13.8% more per $
GSHD
8.6%
-5.1%
SMC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GSHD
GSHD
SMC
SMC
Revenue
$93.1M
$142.3M
Net Profit
$8.0M
$-7.3M
Gross Margin
72.1%
Operating Margin
16.1%
-5.5%
Net Margin
8.6%
-5.1%
Revenue YoY
23.1%
Net Profit YoY
204.0%
EPS (diluted)
$0.19
$-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
GSHD
GSHD
SMC
SMC
Q1 26
$93.1M
Q4 25
$105.3M
$142.3M
Q3 25
$90.4M
$146.9M
Q2 25
$94.0M
$140.2M
Q1 25
$75.6M
$132.7M
Q4 24
$93.9M
Q3 24
$78.0M
$102.4M
Q2 24
$78.1M
Net Profit
GSHD
GSHD
SMC
SMC
Q1 26
$8.0M
Q4 25
$12.4M
$-7.3M
Q3 25
$7.9M
$-1.6M
Q2 25
$5.2M
$-8.0M
Q1 25
$2.3M
$2.0M
Q4 24
$14.9M
Q3 24
$7.6M
$-204.9M
Q2 24
$6.2M
Gross Margin
GSHD
GSHD
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
GSHD
GSHD
SMC
SMC
Q1 26
16.1%
Q4 25
29.4%
-5.5%
Q3 25
23.5%
3.8%
Q2 25
16.7%
-3.6%
Q1 25
8.8%
3.7%
Q4 24
29.7%
Q3 24
21.1%
-53.7%
Q2 24
19.7%
Net Margin
GSHD
GSHD
SMC
SMC
Q1 26
8.6%
Q4 25
11.8%
-5.1%
Q3 25
8.7%
-1.1%
Q2 25
5.5%
-5.7%
Q1 25
3.1%
1.5%
Q4 24
15.8%
Q3 24
9.7%
-200.1%
Q2 24
7.9%
EPS (diluted)
GSHD
GSHD
SMC
SMC
Q1 26
$0.19
Q4 25
$0.48
$-0.66
Q3 25
$0.29
$-0.13
Q2 25
$0.18
$-0.66
Q1 25
$0.09
$-0.16
Q4 24
$0.58
Q3 24
$0.29
$-19.25
Q2 24
$0.24

Balance Sheet & Financial Strength

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

Metric
GSHD
GSHD
SMC
SMC
Cash + ST InvestmentsLiquidity on hand
$25.7M
$9.3M
Total DebtLower is stronger
$1.0B
Stockholders' EquityBook value
$-121.3M
$546.2M
Total Assets
$392.8M
$2.4B
Debt / EquityLower = less leverage
1.91×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GSHD
GSHD
SMC
SMC
Q1 26
$25.7M
Q4 25
$34.4M
$9.3M
Q3 25
$51.6M
$24.6M
Q2 25
$92.4M
$20.9M
Q1 25
$70.2M
$26.2M
Q4 24
$54.3M
Q3 24
$47.5M
$17.8M
Q2 24
$23.6M
Total Debt
GSHD
GSHD
SMC
SMC
Q1 26
Q4 25
$289.5M
$1.0B
Q3 25
$290.0M
$1.1B
Q2 25
$289.8M
$1.1B
Q1 25
$290.3M
$1.1B
Q4 24
$82.3M
Q3 24
$84.6M
$957.0M
Q2 24
$87.0M
Stockholders' Equity
GSHD
GSHD
SMC
SMC
Q1 26
$-121.3M
Q4 25
$-95.5M
$546.2M
Q3 25
$-105.0M
$551.9M
Q2 25
$-78.6M
$552.0M
Q1 25
$-88.5M
$558.1M
Q4 24
$43.9M
Q3 24
$58.3M
$651.5M
Q2 24
$39.8M
Total Assets
GSHD
GSHD
SMC
SMC
Q1 26
$392.8M
Q4 25
$414.9M
$2.4B
Q3 25
$403.6M
$2.4B
Q2 25
$436.6M
$2.4B
Q1 25
$412.6M
$2.4B
Q4 24
$397.7M
Q3 24
$358.1M
$2.0B
Q2 24
$338.2M
Debt / Equity
GSHD
GSHD
SMC
SMC
Q1 26
Q4 25
1.91×
Q3 25
1.96×
Q2 25
1.95×
Q1 25
1.94×
Q4 24
1.87×
Q3 24
1.45×
1.47×
Q2 24
2.19×

Cash Flow & Capital Efficiency

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

Metric
GSHD
GSHD
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
GSHD
GSHD
SMC
SMC
Q1 26
Q4 25
$91.8M
$53.7M
Q3 25
$24.2M
$26.7M
Q2 25
$28.9M
$37.2M
Q1 25
$15.5M
$16.0M
Q4 24
$71.5M
Q3 24
$28.1M
Q2 24
$18.9M
Free Cash Flow
GSHD
GSHD
SMC
SMC
Q1 26
Q4 25
$86.1M
$34.5M
Q3 25
$23.7M
$3.8M
Q2 25
$27.2M
$10.8M
Q1 25
$14.9M
$-4.6M
Q4 24
$70.6M
Q3 24
$28.0M
Q2 24
$18.6M
FCF Margin
GSHD
GSHD
SMC
SMC
Q1 26
Q4 25
81.8%
24.3%
Q3 25
26.2%
2.6%
Q2 25
28.9%
7.7%
Q1 25
19.7%
-3.4%
Q4 24
75.1%
Q3 24
35.9%
Q2 24
23.9%
Capex Intensity
GSHD
GSHD
SMC
SMC
Q1 26
Q4 25
5.4%
13.4%
Q3 25
0.5%
15.6%
Q2 25
1.8%
18.8%
Q1 25
0.8%
15.5%
Q4 24
1.0%
Q3 24
0.1%
Q2 24
0.3%
Cash Conversion
GSHD
GSHD
SMC
SMC
Q1 26
Q4 25
7.38×
Q3 25
3.06×
Q2 25
5.61×
Q1 25
6.61×
7.89×
Q4 24
4.82×
Q3 24
3.72×
Q2 24
3.05×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GSHD
GSHD

Renewal Royalty Fees (2)$43.6M47%
Renewal Commissions (1)$18.2M20%
Contingent Commissions (1)$10.7M11%
New Business Royalty Fees (2)$7.9M8%
New Business Commissions (1)$7.5M8%
Other$3.7M4%
Initial Franchise Fees (2)$1.6M2%

SMC
SMC

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

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