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Side-by-side financial comparison of MESA LABORATORIES INC (MLAB) and SANDRIDGE ENERGY INC (SD). Click either name above to swap in a different company.

MESA LABORATORIES INC is the larger business by last-quarter revenue ($65.1M vs $39.4M, roughly 1.7× SANDRIDGE ENERGY INC). SANDRIDGE ENERGY INC runs the higher net margin — 54.9% vs 5.6%, a 49.4% gap on every dollar of revenue. On growth, MESA LABORATORIES INC posted the faster year-over-year revenue change (3.6% vs 1.1%). MESA LABORATORIES INC produced more free cash flow last quarter ($18.0M vs $14.4M). Over the past eight quarters, SANDRIDGE ENERGY INC's revenue compounded faster (14.1% CAGR vs 5.1%).

Mesa Laboratories Inc. develops, manufactures and sells professional quality control, calibration and monitoring instruments as well as related supporting services. Its core offerings cater to healthcare, pharmaceutical, food and beverage, industrial hygiene and environmental testing markets, helping global clients meet regulatory compliance and operational safety requirements.

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.

MLAB vs SD — Head-to-Head

Bigger by revenue
MLAB
MLAB
1.7× larger
MLAB
$65.1M
$39.4M
SD
Growing faster (revenue YoY)
MLAB
MLAB
+2.5% gap
MLAB
3.6%
1.1%
SD
Higher net margin
SD
SD
49.4% more per $
SD
54.9%
5.6%
MLAB
More free cash flow
MLAB
MLAB
$3.6M more FCF
MLAB
$18.0M
$14.4M
SD
Faster 2-yr revenue CAGR
SD
SD
Annualised
SD
14.1%
5.1%
MLAB

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
MLAB
MLAB
SD
SD
Revenue
$65.1M
$39.4M
Net Profit
$3.6M
$21.6M
Gross Margin
64.2%
Operating Margin
12.2%
38.5%
Net Margin
5.6%
54.9%
Revenue YoY
3.6%
1.1%
Net Profit YoY
316.6%
23.1%
EPS (diluted)
$0.65
$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
MLAB
MLAB
SD
SD
Q4 25
$65.1M
$39.4M
Q3 25
$60.7M
$39.8M
Q2 25
$59.5M
$34.5M
Q1 25
$62.1M
$42.6M
Q4 24
$62.8M
$39.0M
Q3 24
$57.8M
$30.1M
Q2 24
$58.2M
$26.0M
Q1 24
$58.9M
$30.3M
Net Profit
MLAB
MLAB
SD
SD
Q4 25
$3.6M
$21.6M
Q3 25
$2.5M
$16.0M
Q2 25
$4.7M
$19.6M
Q1 25
$-7.1M
$13.0M
Q4 24
$-1.7M
$17.6M
Q3 24
$3.4M
$25.5M
Q2 24
$3.4M
$8.8M
Q1 24
$-254.6M
$11.1M
Gross Margin
MLAB
MLAB
SD
SD
Q4 25
64.2%
Q3 25
61.5%
Q2 25
62.0%
Q1 25
61.8%
Q4 24
63.3%
Q3 24
61.3%
Q2 24
64.0%
Q1 24
62.1%
Operating Margin
MLAB
MLAB
SD
SD
Q4 25
12.2%
38.5%
Q3 25
7.8%
37.8%
Q2 25
5.1%
53.7%
Q1 25
2.4%
28.6%
Q4 24
9.2%
25.9%
Q3 24
6.1%
28.3%
Q2 24
9.6%
23.9%
Q1 24
-460.6%
27.8%
Net Margin
MLAB
MLAB
SD
SD
Q4 25
5.6%
54.9%
Q3 25
4.1%
40.1%
Q2 25
8.0%
56.6%
Q1 25
-11.4%
30.6%
Q4 24
-2.7%
45.1%
Q3 24
5.9%
84.8%
Q2 24
5.8%
33.9%
Q1 24
-432.2%
36.7%
EPS (diluted)
MLAB
MLAB
SD
SD
Q4 25
$0.65
$0.59
Q3 25
$0.45
$0.43
Q2 25
$0.85
$0.53
Q1 25
$-1.30
$0.35
Q4 24
$-0.31
$0.46
Q3 24
$0.63
$0.69
Q2 24
$0.62
$0.24
Q1 24
$-47.26
$0.30

Balance Sheet & Financial Strength

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

Metric
MLAB
MLAB
SD
SD
Cash + ST InvestmentsLiquidity on hand
$29.0M
$111.0M
Total DebtLower is stronger
$68.4M
Stockholders' EquityBook value
$186.7M
$510.9M
Total Assets
$434.8M
$644.0M
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MLAB
MLAB
SD
SD
Q4 25
$29.0M
$111.0M
Q3 25
$20.4M
$101.2M
Q2 25
$21.3M
$102.8M
Q1 25
$27.3M
$99.7M
Q4 24
$27.3M
$98.1M
Q3 24
$24.3M
$92.7M
Q2 24
$28.5M
$209.9M
Q1 24
$28.2M
$207.0M
Total Debt
MLAB
MLAB
SD
SD
Q4 25
$68.4M
Q3 25
$69.4M
Q2 25
$70.3M
Q1 25
$71.3M
Q4 24
$72.2M
Q3 24
$73.1M
Q2 24
$74.1M
Q1 24
Stockholders' Equity
MLAB
MLAB
SD
SD
Q4 25
$186.7M
$510.9M
Q3 25
$178.5M
$492.4M
Q2 25
$172.5M
$480.2M
Q1 25
$159.8M
$464.9M
Q4 24
$155.2M
$460.5M
Q3 24
$161.5M
$446.8M
Q2 24
$150.7M
$424.8M
Q1 24
$145.4M
$419.7M
Total Assets
MLAB
MLAB
SD
SD
Q4 25
$434.8M
$644.0M
Q3 25
$430.4M
$619.0M
Q2 25
$435.7M
$602.3M
Q1 25
$433.3M
$588.3M
Q4 24
$433.3M
$581.5M
Q3 24
$454.1M
$565.2M
Q2 24
$440.4M
$529.6M
Q1 24
$446.8M
$527.4M
Debt / Equity
MLAB
MLAB
SD
SD
Q4 25
0.37×
Q3 25
0.39×
Q2 25
0.41×
Q1 25
0.45×
Q4 24
0.47×
Q3 24
0.45×
Q2 24
0.49×
Q1 24

Cash Flow & Capital Efficiency

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

Metric
MLAB
MLAB
SD
SD
Operating Cash FlowLast quarter
$18.8M
$31.7M
Free Cash FlowOCF − Capex
$18.0M
$14.4M
FCF MarginFCF / Revenue
27.7%
36.6%
Capex IntensityCapex / Revenue
1.1%
43.8%
Cash ConversionOCF / Net Profit
5.17×
1.46×
TTM Free Cash FlowTrailing 4 quarters
$37.9M
$41.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MLAB
MLAB
SD
SD
Q4 25
$18.8M
$31.7M
Q3 25
$8.2M
$25.3M
Q2 25
$1.9M
$22.9M
Q1 25
$12.7M
$20.3M
Q4 24
$18.1M
$26.0M
Q3 24
$5.3M
$20.8M
Q2 24
$10.7M
$11.4M
Q1 24
$12.9M
$15.7M
Free Cash Flow
MLAB
MLAB
SD
SD
Q4 25
$18.0M
$14.4M
Q3 25
$7.1M
$5.9M
Q2 25
$884.0K
$7.3M
Q1 25
$11.9M
$13.9M
Q4 24
$17.3M
$13.2M
Q3 24
$3.5M
$10.8M
Q2 24
$9.9M
$9.0M
Q1 24
$12.3M
$14.6M
FCF Margin
MLAB
MLAB
SD
SD
Q4 25
27.7%
36.6%
Q3 25
11.7%
14.9%
Q2 25
1.5%
21.0%
Q1 25
19.2%
32.7%
Q4 24
27.6%
33.8%
Q3 24
6.0%
36.1%
Q2 24
16.9%
34.5%
Q1 24
21.0%
48.1%
Capex Intensity
MLAB
MLAB
SD
SD
Q4 25
1.1%
43.8%
Q3 25
1.8%
48.6%
Q2 25
1.7%
45.2%
Q1 25
1.2%
15.0%
Q4 24
1.3%
32.9%
Q3 24
3.1%
33.3%
Q2 24
1.5%
9.4%
Q1 24
0.9%
3.7%
Cash Conversion
MLAB
MLAB
SD
SD
Q4 25
5.17×
1.46×
Q3 25
3.32×
1.58×
Q2 25
0.40×
1.17×
Q1 25
1.56×
Q4 24
1.48×
Q3 24
1.54×
0.82×
Q2 24
3.17×
1.30×
Q1 24
1.41×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MLAB
MLAB

Sterilization And Disinfection Control$24.9M38%
Biopharmaceutical Development$14.4M22%
Other$14.1M22%
Clinical Genomics$11.8M18%

SD
SD

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

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