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Side-by-side financial comparison of PUMA BIOTECHNOLOGY, INC. (PBYI) and Summit Midstream Corp (SMC). Click either name above to swap in a different company.

Summit Midstream Corp is the larger business by last-quarter revenue ($142.3M vs $75.5M, roughly 1.9× PUMA BIOTECHNOLOGY, INC.). Summit Midstream Corp produced more free cash flow last quarter ($34.5M vs $14.4M).

Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.

Summit Midstream Corp is a North American midstream energy firm serving upstream oil and gas producers. It runs natural gas and crude gathering pipelines, compression facilities, and produced water handling services, with assets across key US onshore resource basins.

PBYI vs SMC — Head-to-Head

Bigger by revenue
SMC
SMC
1.9× larger
SMC
$142.3M
$75.5M
PBYI
More free cash flow
SMC
SMC
$20.2M more FCF
SMC
$34.5M
$14.4M
PBYI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PBYI
PBYI
SMC
SMC
Revenue
$75.5M
$142.3M
Net Profit
$-7.3M
Gross Margin
69.3%
72.1%
Operating Margin
22.7%
-5.5%
Net Margin
-5.1%
Revenue YoY
27.7%
Net Profit YoY
EPS (diluted)
$0.26
$-0.66

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
PBYI
PBYI
SMC
SMC
Q4 25
$75.5M
$142.3M
Q3 25
$54.5M
$146.9M
Q2 25
$52.4M
$140.2M
Q1 25
$46.0M
$132.7M
Q4 24
$59.1M
Q3 24
$80.5M
$102.4M
Q2 24
$47.1M
Q1 24
$43.8M
Net Profit
PBYI
PBYI
SMC
SMC
Q4 25
$-7.3M
Q3 25
$8.8M
$-1.6M
Q2 25
$5.9M
$-8.0M
Q1 25
$3.0M
$2.0M
Q4 24
Q3 24
$20.3M
$-204.9M
Q2 24
$-4.5M
Q1 24
$-4.8M
Gross Margin
PBYI
PBYI
SMC
SMC
Q4 25
69.3%
72.1%
Q3 25
77.7%
74.0%
Q2 25
76.5%
74.4%
Q1 25
77.1%
73.3%
Q4 24
76.4%
Q3 24
63.9%
72.4%
Q2 24
77.4%
Q1 24
75.5%
Operating Margin
PBYI
PBYI
SMC
SMC
Q4 25
22.7%
-5.5%
Q3 25
17.6%
3.8%
Q2 25
12.7%
-3.6%
Q1 25
8.7%
3.7%
Q4 24
22.6%
Q3 24
27.4%
-53.7%
Q2 24
-4.6%
Q1 24
-5.3%
Net Margin
PBYI
PBYI
SMC
SMC
Q4 25
-5.1%
Q3 25
16.2%
-1.1%
Q2 25
11.2%
-5.7%
Q1 25
6.5%
1.5%
Q4 24
Q3 24
25.2%
-200.1%
Q2 24
-9.6%
Q1 24
-11.0%
EPS (diluted)
PBYI
PBYI
SMC
SMC
Q4 25
$0.26
$-0.66
Q3 25
$0.17
$-0.13
Q2 25
$0.12
$-0.66
Q1 25
$0.06
$-0.16
Q4 24
$0.40
Q3 24
$0.41
$-19.25
Q2 24
$-0.09
Q1 24
$-0.10

Balance Sheet & Financial Strength

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

Metric
PBYI
PBYI
SMC
SMC
Cash + ST InvestmentsLiquidity on hand
$97.5M
$9.3M
Total DebtLower is stronger
$22.7M
$1.0B
Stockholders' EquityBook value
$130.3M
$546.2M
Total Assets
$216.3M
$2.4B
Debt / EquityLower = less leverage
0.17×
1.91×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PBYI
PBYI
SMC
SMC
Q4 25
$97.5M
$9.3M
Q3 25
$94.4M
$24.6M
Q2 25
$96.0M
$20.9M
Q1 25
$93.2M
$26.2M
Q4 24
$101.0M
Q3 24
$96.7M
$17.8M
Q2 24
$96.8M
Q1 24
$107.2M
Total Debt
PBYI
PBYI
SMC
SMC
Q4 25
$22.7M
$1.0B
Q3 25
$34.0M
$1.1B
Q2 25
$45.3M
$1.1B
Q1 25
$56.7M
$1.1B
Q4 24
$68.0M
Q3 24
$79.3M
$957.0M
Q2 24
$90.7M
Q1 24
$102.0M
Stockholders' Equity
PBYI
PBYI
SMC
SMC
Q4 25
$130.3M
$546.2M
Q3 25
$115.3M
$551.9M
Q2 25
$104.7M
$552.0M
Q1 25
$97.1M
$558.1M
Q4 24
$92.1M
Q3 24
$71.1M
$651.5M
Q2 24
$48.5M
Q1 24
$51.0M
Total Assets
PBYI
PBYI
SMC
SMC
Q4 25
$216.3M
$2.4B
Q3 25
$202.9M
$2.4B
Q2 25
$194.9M
$2.4B
Q1 25
$196.2M
$2.4B
Q4 24
$213.3M
Q3 24
$220.7M
$2.0B
Q2 24
$205.0M
Q1 24
$214.1M
Debt / Equity
PBYI
PBYI
SMC
SMC
Q4 25
0.17×
1.91×
Q3 25
0.30×
1.96×
Q2 25
0.43×
1.95×
Q1 25
0.58×
1.94×
Q4 24
0.74×
Q3 24
1.12×
1.47×
Q2 24
1.87×
Q1 24
2.00×

Cash Flow & Capital Efficiency

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

Metric
PBYI
PBYI
SMC
SMC
Operating Cash FlowLast quarter
$14.4M
$53.7M
Free Cash FlowOCF − Capex
$14.4M
$34.5M
FCF MarginFCF / Revenue
19.1%
24.3%
Capex IntensityCapex / Revenue
0.0%
13.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$41.7M
$44.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PBYI
PBYI
SMC
SMC
Q4 25
$14.4M
$53.7M
Q3 25
$9.7M
$26.7M
Q2 25
$14.1M
$37.2M
Q1 25
$3.6M
$16.0M
Q4 24
$15.6M
Q3 24
$11.0M
Q2 24
$1.0M
Q1 24
$11.2M
Free Cash Flow
PBYI
PBYI
SMC
SMC
Q4 25
$14.4M
$34.5M
Q3 25
$9.7M
$3.8M
Q2 25
$14.1M
$10.8M
Q1 25
$3.6M
$-4.6M
Q4 24
$15.6M
Q3 24
$11.0M
Q2 24
$1.0M
Q1 24
FCF Margin
PBYI
PBYI
SMC
SMC
Q4 25
19.1%
24.3%
Q3 25
17.7%
2.6%
Q2 25
26.8%
7.7%
Q1 25
7.7%
-3.4%
Q4 24
26.4%
Q3 24
13.7%
Q2 24
2.1%
Q1 24
Capex Intensity
PBYI
PBYI
SMC
SMC
Q4 25
0.0%
13.4%
Q3 25
0.0%
15.6%
Q2 25
0.0%
18.8%
Q1 25
0.1%
15.5%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
PBYI
PBYI
SMC
SMC
Q4 25
Q3 25
1.10×
Q2 25
2.41×
Q1 25
1.21×
7.89×
Q4 24
Q3 24
0.54×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

PBYI
PBYI

Segment breakdown not available.

SMC
SMC

Rockies Segment$86.2M61%
Mid Con Barnett Shale Segment$39.4M28%
Piceance Basin Segment$15.8M11%

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