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Side-by-side financial comparison of BLUE OWL CAPITAL INC. (OWL) and SM Energy Co (SM). Click either name above to swap in a different company.
BLUE OWL CAPITAL INC. is the larger business by last-quarter revenue ($755.6M vs $704.9M, roughly 1.1× SM Energy Co). On growth, BLUE OWL CAPITAL INC. posted the faster year-over-year revenue change (19.7% vs -17.3%). Over the past eight quarters, BLUE OWL CAPITAL INC.'s revenue compounded faster (21.3% CAGR vs 12.2%).
Blue Owl Capital Inc. is an American alternative investment asset management company that is listed on the New York Stock Exchange under the ticker symbol: "OWL". Headquartered in New York City, it has additional offices around the world, including London, Dubai, and Hong Kong.
SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.
OWL vs SM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $755.6M | $704.9M |
| Net Profit | $47.7M | — |
| Gross Margin | — | — |
| Operating Margin | 22.2% | 25.9% |
| Net Margin | 6.3% | — |
| Revenue YoY | 19.7% | -17.3% |
| Net Profit YoY | 129.8% | — |
| EPS (diluted) | $0.07 | $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.
| Q4 25 | $755.6M | $704.9M | ||
| Q3 25 | $728.0M | $811.6M | ||
| Q2 25 | $703.1M | $792.9M | ||
| Q1 25 | $683.5M | $844.5M | ||
| Q4 24 | $631.4M | $852.0M | ||
| Q3 24 | $600.9M | $643.6M | ||
| Q2 24 | $549.8M | $634.6M | ||
| Q1 24 | $513.3M | $559.9M |
| Q4 25 | $47.7M | — | ||
| Q3 25 | $6.3M | $155.1M | ||
| Q2 25 | $17.4M | $201.7M | ||
| Q1 25 | $7.4M | $182.3M | ||
| Q4 24 | $20.7M | — | ||
| Q3 24 | $29.8M | $240.5M | ||
| Q2 24 | $33.9M | $210.3M | ||
| Q1 24 | $25.1M | $131.2M |
| Q4 25 | 22.2% | 25.9% | ||
| Q3 25 | 7.6% | 30.4% | ||
| Q2 25 | 12.0% | 37.2% | ||
| Q1 25 | 5.9% | 32.7% | ||
| Q4 24 | 11.7% | 33.7% | ||
| Q3 24 | 18.7% | 51.4% | ||
| Q2 24 | 28.4% | 44.0% | ||
| Q1 24 | 24.7% | 31.9% |
| Q4 25 | 6.3% | — | ||
| Q3 25 | 0.9% | 19.1% | ||
| Q2 25 | 2.5% | 25.4% | ||
| Q1 25 | 1.1% | 21.6% | ||
| Q4 24 | 3.3% | — | ||
| Q3 24 | 5.0% | 37.4% | ||
| Q2 24 | 6.2% | 33.1% | ||
| Q1 24 | 4.9% | 23.4% |
| Q4 25 | $0.07 | $0.94 | ||
| Q3 25 | $0.01 | $1.35 | ||
| Q2 25 | $0.02 | $1.76 | ||
| Q1 25 | $0.00 | $1.59 | ||
| Q4 24 | $0.06 | $1.63 | ||
| Q3 24 | $0.04 | $2.09 | ||
| Q2 24 | $0.06 | $1.82 | ||
| Q1 24 | $0.04 | $1.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $194.5M | $368.0M |
| Total DebtLower is stronger | $3.3B | — |
| Stockholders' EquityBook value | $2.2B | $4.8B |
| Total Assets | $12.5B | $9.3B |
| Debt / EquityLower = less leverage | 1.51× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $194.5M | $368.0M | ||
| Q3 25 | $137.3M | $162.3M | ||
| Q2 25 | $117.6M | $101.9M | ||
| Q1 25 | $97.6M | $54.0K | ||
| Q4 24 | $152.1M | — | ||
| Q3 24 | $115.9M | $1.7B | ||
| Q2 24 | $436.8M | $487.9M | ||
| Q1 24 | $155.8M | $506.3M |
| Q4 25 | $3.3B | — | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $3.2B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.5B | — | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $2.1B | — |
| Q4 25 | $2.2B | $4.8B | ||
| Q3 25 | $2.3B | $4.7B | ||
| Q2 25 | $2.4B | $4.6B | ||
| Q1 25 | $2.3B | $4.4B | ||
| Q4 24 | $2.1B | $4.2B | ||
| Q3 24 | $2.0B | $4.1B | ||
| Q2 24 | $1.7B | $3.8B | ||
| Q1 24 | $1.6B | $3.7B |
| Q4 25 | $12.5B | $9.3B | ||
| Q3 25 | $12.5B | $9.1B | ||
| Q2 25 | $12.3B | $9.0B | ||
| Q1 25 | $12.3B | $8.8B | ||
| Q4 24 | $11.0B | $8.6B | ||
| Q3 24 | $10.8B | $8.0B | ||
| Q2 24 | $9.7B | $6.7B | ||
| Q1 24 | $9.0B | $6.4B |
| Q4 25 | 1.51× | — | ||
| Q3 25 | 1.41× | — | ||
| Q2 25 | 1.38× | — | ||
| Q1 25 | 1.37× | — | ||
| Q4 24 | 1.22× | — | ||
| Q3 24 | 1.27× | — | ||
| Q2 24 | 1.41× | — | ||
| Q1 24 | 1.26× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $382.9M | $451.9M |
| Free Cash FlowOCF − Capex | $359.1M | — |
| FCF MarginFCF / Revenue | 47.5% | — |
| Capex IntensityCapex / Revenue | 3.1% | — |
| Cash ConversionOCF / Net Profit | 8.03× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.2B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $382.9M | $451.9M | ||
| Q3 25 | $433.1M | $505.0M | ||
| Q2 25 | $422.5M | $571.1M | ||
| Q1 25 | $17.6M | $483.0M | ||
| Q4 24 | $324.0M | $578.4M | ||
| Q3 24 | $326.0M | $452.3M | ||
| Q2 24 | $302.3M | $476.4M | ||
| Q1 24 | $47.2M | $276.0M |
| Q4 25 | $359.1M | — | ||
| Q3 25 | $422.5M | — | ||
| Q2 25 | $412.5M | — | ||
| Q1 25 | $4.2M | — | ||
| Q4 24 | $310.1M | — | ||
| Q3 24 | $314.8M | — | ||
| Q2 24 | $269.4M | — | ||
| Q1 24 | $41.1M | — |
| Q4 25 | 47.5% | — | ||
| Q3 25 | 58.0% | — | ||
| Q2 25 | 58.7% | — | ||
| Q1 25 | 0.6% | — | ||
| Q4 24 | 49.1% | — | ||
| Q3 24 | 52.4% | — | ||
| Q2 24 | 49.0% | — | ||
| Q1 24 | 8.0% | — |
| Q4 25 | 3.1% | — | ||
| Q3 25 | 1.5% | — | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 1.9% | — | ||
| Q2 24 | 6.0% | — | ||
| Q1 24 | 1.2% | — |
| Q4 25 | 8.03× | — | ||
| Q3 25 | 68.64× | 3.26× | ||
| Q2 25 | 24.25× | 2.83× | ||
| Q1 25 | 2.37× | 2.65× | ||
| Q4 24 | 15.62× | — | ||
| Q3 24 | 10.94× | 1.88× | ||
| Q2 24 | 8.91× | 2.27× | ||
| Q1 24 | 1.88× | 2.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OWL
| Credit Platform | $455.0M | 60% |
| GP Strategic Capital Platform | $157.0M | 21% |
| Administrative Service | $87.6M | 12% |
| IPI Partners LLC | $33.8M | 4% |
| Other | $22.2M | 3% |
SM
Segment breakdown not available.
