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Side-by-side financial comparison of MARAVAI LIFESCIENCES HOLDINGS, INC. (MRVI) and SANDRIDGE ENERGY INC (SD). Click either name above to swap in a different company.

MARAVAI LIFESCIENCES HOLDINGS, INC. is the larger business by last-quarter revenue ($49.9M vs $39.4M, roughly 1.3× SANDRIDGE ENERGY INC). SANDRIDGE ENERGY INC runs the higher net margin — 54.9% vs -71.6%, a 126.5% gap on every dollar of revenue. On growth, SANDRIDGE ENERGY INC posted the faster year-over-year revenue change (1.1% vs -11.8%). SANDRIDGE ENERGY INC produced more free cash flow last quarter ($14.4M vs $-24.9M). Over the past eight quarters, SANDRIDGE ENERGY INC's revenue compounded faster (14.1% CAGR vs -11.9%).

Maravai LifeSciences Holdings is a global life sciences firm developing critical reagents, diagnostic products, and tech solutions to support biopharma research, drug development, clinical diagnostics, and cell/gene therapy manufacturing. It serves biotech, pharma, research bodies and labs worldwide across three core segments.

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.

MRVI vs SD — Head-to-Head

Bigger by revenue
MRVI
MRVI
1.3× larger
MRVI
$49.9M
$39.4M
SD
Growing faster (revenue YoY)
SD
SD
+12.9% gap
SD
1.1%
-11.8%
MRVI
Higher net margin
SD
SD
126.5% more per $
SD
54.9%
-71.6%
MRVI
More free cash flow
SD
SD
$39.3M more FCF
SD
$14.4M
$-24.9M
MRVI
Faster 2-yr revenue CAGR
SD
SD
Annualised
SD
14.1%
-11.9%
MRVI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MRVI
MRVI
SD
SD
Revenue
$49.9M
$39.4M
Net Profit
$-35.7M
$21.6M
Gross Margin
25.8%
Operating Margin
-117.9%
38.5%
Net Margin
-71.6%
54.9%
Revenue YoY
-11.8%
1.1%
Net Profit YoY
-37.7%
23.1%
EPS (diluted)
$-0.24
$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
MRVI
MRVI
SD
SD
Q4 25
$49.9M
$39.4M
Q3 25
$41.6M
$39.8M
Q2 25
$47.4M
$34.5M
Q1 25
$46.9M
$42.6M
Q4 24
$56.6M
$39.0M
Q3 24
$69.0M
$30.1M
Q2 24
$69.4M
$26.0M
Q1 24
$64.2M
$30.3M
Net Profit
MRVI
MRVI
SD
SD
Q4 25
$-35.7M
$21.6M
Q3 25
$-25.6M
$16.0M
Q2 25
$-39.6M
$19.6M
Q1 25
$-29.9M
$13.0M
Q4 24
$-25.9M
$17.6M
Q3 24
$-97.1M
$25.5M
Q2 24
$-9.8M
$8.8M
Q1 24
$-12.1M
$11.1M
Gross Margin
MRVI
MRVI
SD
SD
Q4 25
25.8%
Q3 25
13.6%
Q2 25
16.4%
Q1 25
16.5%
Q4 24
34.3%
Q3 24
46.7%
Q2 24
44.4%
Q1 24
40.3%
Operating Margin
MRVI
MRVI
SD
SD
Q4 25
-117.9%
38.5%
Q3 25
-98.6%
37.8%
Q2 25
-139.8%
53.7%
Q1 25
-104.9%
28.6%
Q4 24
-66.7%
25.9%
Q3 24
-239.9%
28.3%
Q2 24
-19.4%
23.9%
Q1 24
-29.4%
27.8%
Net Margin
MRVI
MRVI
SD
SD
Q4 25
-71.6%
54.9%
Q3 25
-61.4%
40.1%
Q2 25
-83.5%
56.6%
Q1 25
-63.9%
30.6%
Q4 24
-45.8%
45.1%
Q3 24
-140.6%
84.8%
Q2 24
-14.1%
33.9%
Q1 24
-18.8%
36.7%
EPS (diluted)
MRVI
MRVI
SD
SD
Q4 25
$-0.24
$0.59
Q3 25
$-0.18
$0.43
Q2 25
$-0.27
$0.53
Q1 25
$-0.21
$0.35
Q4 24
$-0.21
$0.46
Q3 24
$-0.68
$0.69
Q2 24
$-0.07
$0.24
Q1 24
$-0.09
$0.30

Balance Sheet & Financial Strength

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

Metric
MRVI
MRVI
SD
SD
Cash + ST InvestmentsLiquidity on hand
$216.9M
$111.0M
Total DebtLower is stronger
$291.8M
Stockholders' EquityBook value
$212.4M
$510.9M
Total Assets
$770.6M
$644.0M
Debt / EquityLower = less leverage
1.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRVI
MRVI
SD
SD
Q4 25
$216.9M
$111.0M
Q3 25
$243.6M
$101.2M
Q2 25
$269.9M
$102.8M
Q1 25
$285.1M
$99.7M
Q4 24
$322.4M
$98.1M
Q3 24
$578.2M
$92.7M
Q2 24
$573.2M
$209.9M
Q1 24
$561.7M
$207.0M
Total Debt
MRVI
MRVI
SD
SD
Q4 25
$291.8M
Q3 25
$292.8M
Q2 25
$293.9M
Q1 25
$294.9M
Q4 24
$295.9M
Q3 24
$521.7M
Q2 24
$522.5M
Q1 24
$523.3M
Stockholders' Equity
MRVI
MRVI
SD
SD
Q4 25
$212.4M
$510.9M
Q3 25
$245.4M
$492.4M
Q2 25
$265.9M
$480.2M
Q1 25
$300.6M
$464.9M
Q4 24
$325.3M
$460.5M
Q3 24
$344.9M
$446.8M
Q2 24
$434.7M
$424.8M
Q1 24
$410.7M
$419.7M
Total Assets
MRVI
MRVI
SD
SD
Q4 25
$770.6M
$644.0M
Q3 25
$849.2M
$619.0M
Q2 25
$897.0M
$602.3M
Q1 25
$959.8M
$588.3M
Q4 24
$1.0B
$581.5M
Q3 24
$1.3B
$565.2M
Q2 24
$1.4B
$529.6M
Q1 24
$1.4B
$527.4M
Debt / Equity
MRVI
MRVI
SD
SD
Q4 25
1.37×
Q3 25
1.19×
Q2 25
1.11×
Q1 25
0.98×
Q4 24
0.91×
Q3 24
1.51×
Q2 24
1.20×
Q1 24
1.27×

Cash Flow & Capital Efficiency

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

Metric
MRVI
MRVI
SD
SD
Operating Cash FlowLast quarter
$-22.8M
$31.7M
Free Cash FlowOCF − Capex
$-24.9M
$14.4M
FCF MarginFCF / Revenue
-49.9%
36.6%
Capex IntensityCapex / Revenue
4.2%
43.8%
Cash ConversionOCF / Net Profit
1.46×
TTM Free Cash FlowTrailing 4 quarters
$-70.7M
$41.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MRVI
MRVI
SD
SD
Q4 25
$-22.8M
$31.7M
Q3 25
$-15.2M
$25.3M
Q2 25
$-10.3M
$22.9M
Q1 25
$-9.4M
$20.3M
Q4 24
$-14.6M
$26.0M
Q3 24
$13.1M
$20.8M
Q2 24
$17.4M
$11.4M
Q1 24
$-8.5M
$15.7M
Free Cash Flow
MRVI
MRVI
SD
SD
Q4 25
$-24.9M
$14.4M
Q3 25
$-18.1M
$5.9M
Q2 25
$-13.1M
$7.3M
Q1 25
$-14.6M
$13.9M
Q4 24
$-20.5M
$13.2M
Q3 24
$4.5M
$10.8M
Q2 24
$7.9M
$9.0M
Q1 24
$-14.1M
$14.6M
FCF Margin
MRVI
MRVI
SD
SD
Q4 25
-49.9%
36.6%
Q3 25
-43.4%
14.9%
Q2 25
-27.7%
21.0%
Q1 25
-31.2%
32.7%
Q4 24
-36.2%
33.8%
Q3 24
6.6%
36.1%
Q2 24
11.4%
34.5%
Q1 24
-22.0%
48.1%
Capex Intensity
MRVI
MRVI
SD
SD
Q4 25
4.2%
43.8%
Q3 25
7.0%
48.6%
Q2 25
6.1%
45.2%
Q1 25
11.2%
15.0%
Q4 24
10.3%
32.9%
Q3 24
12.4%
33.3%
Q2 24
13.8%
9.4%
Q1 24
8.8%
3.7%
Cash Conversion
MRVI
MRVI
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
1.30×
Q1 24
1.41×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MRVI
MRVI

Cygnus Segment$27.2M54%
Other$18.4M37%
Shipping And Handling$4.3M9%

SD
SD

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

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