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Side-by-side financial comparison of Magnera Corp (MAGN) and SM Energy Co (SM). Click either name above to swap in a different company.

Magnera Corp is the larger business by last-quarter revenue ($792.0M vs $704.9M, roughly 1.1× SM Energy Co). On growth, Magnera Corp posted the faster year-over-year revenue change (12.8% vs -17.3%). Over the past eight quarters, Magnera Corp's revenue compounded faster (54.9% CAGR vs 12.2%).

SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.

MAGN vs SM — Head-to-Head

Bigger by revenue
MAGN
MAGN
1.1× larger
MAGN
$792.0M
$704.9M
SM
Growing faster (revenue YoY)
MAGN
MAGN
+30.1% gap
MAGN
12.8%
-17.3%
SM
Faster 2-yr revenue CAGR
MAGN
MAGN
Annualised
MAGN
54.9%
12.2%
SM

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MAGN
MAGN
SM
SM
Revenue
$792.0M
$704.9M
Net Profit
$-34.0M
Gross Margin
12.2%
Operating Margin
1.8%
25.9%
Net Margin
-4.3%
Revenue YoY
12.8%
-17.3%
Net Profit YoY
43.3%
EPS (diluted)
$-0.95
$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.

Revenue
MAGN
MAGN
SM
SM
Q4 25
$792.0M
$704.9M
Q3 25
$811.6M
Q2 25
$839.0M
$792.9M
Q1 25
$824.0M
$844.5M
Q4 24
$702.0M
$852.0M
Q3 24
$332.1M
$643.6M
Q2 24
$556.0M
$634.6M
Q1 24
$558.0M
$559.9M
Net Profit
MAGN
MAGN
SM
SM
Q4 25
$-34.0M
Q3 25
$155.1M
Q2 25
$-18.0M
$201.7M
Q1 25
$-41.0M
$182.3M
Q4 24
$-60.0M
Q3 24
$-15.2M
$240.5M
Q2 24
$19.0M
$210.3M
Q1 24
$14.0M
$131.2M
Gross Margin
MAGN
MAGN
SM
SM
Q4 25
12.2%
Q3 25
Q2 25
10.7%
Q1 25
10.7%
Q4 24
10.1%
Q3 24
10.7%
Q2 24
6.6%
Q1 24
6.2%
Operating Margin
MAGN
MAGN
SM
SM
Q4 25
1.8%
25.9%
Q3 25
30.4%
Q2 25
1.5%
37.2%
Q1 25
0.5%
32.7%
Q4 24
-3.1%
33.7%
Q3 24
0.9%
51.4%
Q2 24
3.1%
44.0%
Q1 24
3.8%
31.9%
Net Margin
MAGN
MAGN
SM
SM
Q4 25
-4.3%
Q3 25
19.1%
Q2 25
-2.1%
25.4%
Q1 25
-5.0%
21.6%
Q4 24
-8.5%
Q3 24
-4.6%
37.4%
Q2 24
3.4%
33.1%
Q1 24
2.5%
23.4%
EPS (diluted)
MAGN
MAGN
SM
SM
Q4 25
$-0.95
$0.94
Q3 25
$1.35
Q2 25
$-0.51
$1.76
Q1 25
$-1.15
$1.59
Q4 24
$-1.69
$1.63
Q3 24
$-0.33
$2.09
Q2 24
$0.60
$1.82
Q1 24
$0.44
$1.13

Balance Sheet & Financial Strength

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

Metric
MAGN
MAGN
SM
SM
Cash + ST InvestmentsLiquidity on hand
$264.0M
$368.0M
Total DebtLower is stronger
$1.9B
Stockholders' EquityBook value
$1.0B
$4.8B
Total Assets
$3.9B
$9.3B
Debt / EquityLower = less leverage
1.86×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAGN
MAGN
SM
SM
Q4 25
$264.0M
$368.0M
Q3 25
$162.3M
Q2 25
$276.0M
$101.9M
Q1 25
$282.0M
$54.0K
Q4 24
$215.0M
Q3 24
$230.0M
$1.7B
Q2 24
$33.9M
$487.9M
Q1 24
$30.2M
$506.3M
Total Debt
MAGN
MAGN
SM
SM
Q4 25
$1.9B
Q3 25
Q2 25
$2.0B
Q1 25
$2.0B
Q4 24
$2.0B
Q3 24
$2.0B
Q2 24
$877.4M
Q1 24
$884.7M
Stockholders' Equity
MAGN
MAGN
SM
SM
Q4 25
$1.0B
$4.8B
Q3 25
$4.7B
Q2 25
$1.1B
$4.6B
Q1 25
$1.1B
$4.4B
Q4 24
$1.1B
$4.2B
Q3 24
$2.1B
$4.1B
Q2 24
$2.4B
$3.8B
Q1 24
$2.4B
$3.7B
Total Assets
MAGN
MAGN
SM
SM
Q4 25
$3.9B
$9.3B
Q3 25
$9.1B
Q2 25
$4.1B
$9.0B
Q1 25
$4.1B
$8.8B
Q4 24
$4.0B
$8.6B
Q3 24
$2.8B
$8.0B
Q2 24
$1.5B
$6.7B
Q1 24
$1.5B
$6.4B
Debt / Equity
MAGN
MAGN
SM
SM
Q4 25
1.86×
Q3 25
Q2 25
1.77×
Q1 25
1.83×
Q4 24
1.80×
Q3 24
0.91×
Q2 24
0.37×
Q1 24
0.36×

Cash Flow & Capital Efficiency

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

Metric
MAGN
MAGN
SM
SM
Operating Cash FlowLast quarter
$2.0M
$451.9M
Free Cash FlowOCF − Capex
$-13.0M
FCF MarginFCF / Revenue
-1.6%
Capex IntensityCapex / Revenue
1.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAGN
MAGN
SM
SM
Q4 25
$2.0M
$451.9M
Q3 25
$505.0M
Q2 25
$0
$571.1M
Q1 25
$65.0M
$483.0M
Q4 24
$-58.0M
$578.4M
Q3 24
$12.2M
$452.3M
Q2 24
$38.0M
$476.4M
Q1 24
$20.0M
$276.0M
Free Cash Flow
MAGN
MAGN
SM
SM
Q4 25
$-13.0M
Q3 25
Q2 25
Q1 25
$42.0M
Q4 24
$-74.0M
Q3 24
$3.6M
Q2 24
$23.0M
Q1 24
$12.5M
FCF Margin
MAGN
MAGN
SM
SM
Q4 25
-1.6%
Q3 25
Q2 25
Q1 25
5.1%
Q4 24
-10.5%
Q3 24
1.1%
Q2 24
4.1%
Q1 24
2.2%
Capex Intensity
MAGN
MAGN
SM
SM
Q4 25
1.9%
Q3 25
Q2 25
1.5%
Q1 25
2.8%
Q4 24
2.3%
Q3 24
2.6%
Q2 24
2.7%
Q1 24
1.3%
Cash Conversion
MAGN
MAGN
SM
SM
Q4 25
Q3 25
3.26×
Q2 25
2.83×
Q1 25
2.65×
Q4 24
Q3 24
1.88×
Q2 24
2.00×
2.27×
Q1 24
1.43×
2.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MAGN
MAGN

Other$451.0M57%
United States And Canada$341.0M43%

SM
SM

Segment breakdown not available.

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