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

Nextpower Inc. is the larger business by last-quarter revenue ($909.4M vs $704.9M, roughly 1.3× SM Energy Co). On growth, Nextpower Inc. posted the faster year-over-year revenue change (33.9% vs -17.3%). Over the past eight quarters, SM Energy Co's revenue compounded faster (12.2% CAGR vs 11.1%).

Nextpower Inc. (NXT) is a global energy technology provider based in Fremont, California.

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

NXT vs SM — Head-to-Head

Bigger by revenue
NXT
NXT
1.3× larger
NXT
$909.4M
$704.9M
SM
Growing faster (revenue YoY)
NXT
NXT
+51.1% gap
NXT
33.9%
-17.3%
SM
Faster 2-yr revenue CAGR
SM
SM
Annualised
SM
12.2%
11.1%
NXT

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
NXT
NXT
SM
SM
Revenue
$909.4M
$704.9M
Net Profit
$131.2M
Gross Margin
31.7%
Operating Margin
19.4%
25.9%
Net Margin
14.4%
Revenue YoY
33.9%
-17.3%
Net Profit YoY
13.8%
EPS (diluted)
$0.85
$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
NXT
NXT
SM
SM
Q4 25
$909.4M
$704.9M
Q3 25
$905.3M
$811.6M
Q2 25
$864.3M
$792.9M
Q1 25
$924.3M
$844.5M
Q4 24
$679.4M
$852.0M
Q3 24
$635.6M
$643.6M
Q2 24
$719.9M
$634.6M
Q1 24
$736.5M
$559.9M
Net Profit
NXT
NXT
SM
SM
Q4 25
$131.2M
Q3 25
$146.9M
$155.1M
Q2 25
$157.2M
$201.7M
Q1 25
$156.8M
$182.3M
Q4 24
$115.3M
Q3 24
$115.4M
$240.5M
Q2 24
$121.7M
$210.3M
Q1 24
$205.2M
$131.2M
Gross Margin
NXT
NXT
SM
SM
Q4 25
31.7%
Q3 25
32.4%
Q2 25
32.6%
Q1 25
33.1%
Q4 24
35.5%
Q3 24
35.4%
Q2 24
33.0%
Q1 24
46.2%
Operating Margin
NXT
NXT
SM
SM
Q4 25
19.4%
25.9%
Q3 25
20.0%
30.4%
Q2 25
21.5%
37.2%
Q1 25
21.1%
32.7%
Q4 24
22.1%
33.7%
Q3 24
21.0%
51.4%
Q2 24
22.2%
44.0%
Q1 24
36.8%
31.9%
Net Margin
NXT
NXT
SM
SM
Q4 25
14.4%
Q3 25
16.2%
19.1%
Q2 25
18.2%
25.4%
Q1 25
17.0%
21.6%
Q4 24
17.0%
Q3 24
18.2%
37.4%
Q2 24
16.9%
33.1%
Q1 24
27.9%
23.4%
EPS (diluted)
NXT
NXT
SM
SM
Q4 25
$0.85
$0.94
Q3 25
$0.97
$1.35
Q2 25
$1.04
$1.76
Q1 25
$1.05
$1.59
Q4 24
$0.79
$1.63
Q3 24
$0.79
$2.09
Q2 24
$0.84
$1.82
Q1 24
$1.52
$1.13

Balance Sheet & Financial Strength

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

Metric
NXT
NXT
SM
SM
Cash + ST InvestmentsLiquidity on hand
$952.6M
$368.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.2B
$4.8B
Total Assets
$3.8B
$9.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NXT
NXT
SM
SM
Q4 25
$952.6M
$368.0M
Q3 25
$845.3M
$162.3M
Q2 25
$743.4M
$101.9M
Q1 25
$766.1M
$54.0K
Q4 24
$693.5M
Q3 24
$561.9M
$1.7B
Q2 24
$471.9M
$487.9M
Q1 24
$474.1M
$506.3M
Stockholders' Equity
NXT
NXT
SM
SM
Q4 25
$2.2B
$4.8B
Q3 25
$2.0B
$4.7B
Q2 25
$1.8B
$4.6B
Q1 25
$1.6B
$4.4B
Q4 24
$1.4B
$4.2B
Q3 24
$1.3B
$4.1B
Q2 24
$1.1B
$3.8B
Q1 24
$961.0M
$3.7B
Total Assets
NXT
NXT
SM
SM
Q4 25
$3.8B
$9.3B
Q3 25
$3.7B
$9.1B
Q2 25
$3.4B
$9.0B
Q1 25
$3.2B
$8.8B
Q4 24
$3.0B
$8.6B
Q3 24
$2.8B
$8.0B
Q2 24
$2.6B
$6.7B
Q1 24
$2.5B
$6.4B

Cash Flow & Capital Efficiency

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

Metric
NXT
NXT
SM
SM
Operating Cash FlowLast quarter
$123.3M
$451.9M
Free Cash FlowOCF − Capex
$118.5M
FCF MarginFCF / Revenue
13.0%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
0.94×
TTM Free Cash FlowTrailing 4 quarters
$587.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NXT
NXT
SM
SM
Q4 25
$123.3M
$451.9M
Q3 25
$186.9M
$505.0M
Q2 25
$81.3M
$571.1M
Q1 25
$237.3M
$483.0M
Q4 24
$143.8M
$578.4M
Q3 24
$153.8M
$452.3M
Q2 24
$120.8M
$476.4M
Q1 24
$111.5M
$276.0M
Free Cash Flow
NXT
NXT
SM
SM
Q4 25
$118.5M
Q3 25
$171.4M
Q2 25
$70.1M
Q1 25
$227.2M
Q4 24
$134.9M
Q3 24
$141.8M
Q2 24
$118.0M
Q1 24
$109.2M
FCF Margin
NXT
NXT
SM
SM
Q4 25
13.0%
Q3 25
18.9%
Q2 25
8.1%
Q1 25
24.6%
Q4 24
19.9%
Q3 24
22.3%
Q2 24
16.4%
Q1 24
14.8%
Capex Intensity
NXT
NXT
SM
SM
Q4 25
0.5%
Q3 25
1.7%
Q2 25
1.3%
Q1 25
1.1%
Q4 24
1.3%
Q3 24
1.9%
Q2 24
0.4%
Q1 24
0.3%
Cash Conversion
NXT
NXT
SM
SM
Q4 25
0.94×
Q3 25
1.27×
3.26×
Q2 25
0.52×
2.83×
Q1 25
1.51×
2.65×
Q4 24
1.25×
Q3 24
1.33×
1.88×
Q2 24
0.99×
2.27×
Q1 24
0.54×
2.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NXT
NXT

Transferred Over Time$763.9M84%
Transferred At Point In Time$145.4M16%

SM
SM

Segment breakdown not available.

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