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Side-by-side financial comparison of Pacira BioSciences, Inc. (PCRX) and Summit Midstream Corp (SMC). Click either name above to swap in a different company.

Pacira BioSciences, Inc. is the larger business by last-quarter revenue ($177.4M vs $142.3M, roughly 1.2× Summit Midstream Corp). Pacira BioSciences, Inc. runs the higher net margin — 1.6% vs -5.1%, a 6.8% gap on every dollar of revenue.

Pacira BioSciences, Inc. is a specialty pharmaceutical company focused on developing and commercializing non-opioid pain management solutions. Its core product line targets post-surgical pain relief for patients, serving hospitals, ambulatory surgery centers and other healthcare providers primarily in the U.S., with ongoing expansion efforts in select international markets.

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.

PCRX vs SMC — Head-to-Head

Bigger by revenue
PCRX
PCRX
1.2× larger
PCRX
$177.4M
$142.3M
SMC
Higher net margin
PCRX
PCRX
6.8% more per $
PCRX
1.6%
-5.1%
SMC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
PCRX
PCRX
SMC
SMC
Revenue
$177.4M
$142.3M
Net Profit
$2.9M
$-7.3M
Gross Margin
72.1%
Operating Margin
3.9%
-5.5%
Net Margin
1.6%
-5.1%
Revenue YoY
5.0%
Net Profit YoY
EPS (diluted)
$0.07
$-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
PCRX
PCRX
SMC
SMC
Q1 26
$177.4M
Q4 25
$196.9M
$142.3M
Q3 25
$179.5M
$146.9M
Q2 25
$181.1M
$140.2M
Q1 25
$168.9M
$132.7M
Q4 24
$187.3M
Q3 24
$168.6M
$102.4M
Q2 24
$178.0M
Net Profit
PCRX
PCRX
SMC
SMC
Q1 26
$2.9M
Q4 25
$-7.3M
Q3 25
$5.4M
$-1.6M
Q2 25
$-4.8M
$-8.0M
Q1 25
$4.8M
$2.0M
Q4 24
Q3 24
$-143.5M
$-204.9M
Q2 24
$18.9M
Gross Margin
PCRX
PCRX
SMC
SMC
Q1 26
Q4 25
79.5%
72.1%
Q3 25
80.9%
74.0%
Q2 25
77.4%
74.4%
Q1 25
79.7%
73.3%
Q4 24
78.7%
Q3 24
76.9%
72.4%
Q2 24
75.1%
Operating Margin
PCRX
PCRX
SMC
SMC
Q1 26
3.9%
Q4 25
1.2%
-5.5%
Q3 25
3.5%
3.8%
Q2 25
4.7%
-3.6%
Q1 25
1.2%
3.7%
Q4 24
13.2%
Q3 24
-82.8%
-53.7%
Q2 24
15.9%
Net Margin
PCRX
PCRX
SMC
SMC
Q1 26
1.6%
Q4 25
-5.1%
Q3 25
3.0%
-1.1%
Q2 25
-2.7%
-5.7%
Q1 25
2.8%
1.5%
Q4 24
Q3 24
-85.1%
-200.1%
Q2 24
10.6%
EPS (diluted)
PCRX
PCRX
SMC
SMC
Q1 26
$0.07
Q4 25
$0.05
$-0.66
Q3 25
$0.12
$-0.13
Q2 25
$-0.11
$-0.66
Q1 25
$0.10
$-0.16
Q4 24
$0.38
Q3 24
$-3.11
$-19.25
Q2 24
$0.39

Balance Sheet & Financial Strength

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

Metric
PCRX
PCRX
SMC
SMC
Cash + ST InvestmentsLiquidity on hand
$144.3M
$9.3M
Total DebtLower is stronger
$1.0B
Stockholders' EquityBook value
$653.9M
$546.2M
Total Assets
$1.2B
$2.4B
Debt / EquityLower = less leverage
1.91×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PCRX
PCRX
SMC
SMC
Q1 26
$144.3M
Q4 25
$238.4M
$9.3M
Q3 25
$246.3M
$24.6M
Q2 25
$445.9M
$20.9M
Q1 25
$493.6M
$26.2M
Q4 24
$484.6M
Q3 24
$453.8M
$17.8M
Q2 24
$404.2M
Total Debt
PCRX
PCRX
SMC
SMC
Q1 26
Q4 25
$372.2M
$1.0B
Q3 25
$376.7M
$1.1B
Q2 25
$580.5M
$1.1B
Q1 25
$583.4M
$1.1B
Q4 24
$585.3M
Q3 24
$957.0M
Q2 24
Stockholders' Equity
PCRX
PCRX
SMC
SMC
Q1 26
$653.9M
Q4 25
$693.1M
$546.2M
Q3 25
$727.2M
$551.9M
Q2 25
$757.8M
$552.0M
Q1 25
$798.5M
$558.1M
Q4 24
$778.3M
Q3 24
$749.6M
$651.5M
Q2 24
$879.3M
Total Assets
PCRX
PCRX
SMC
SMC
Q1 26
$1.2B
Q4 25
$1.3B
$2.4B
Q3 25
$1.3B
$2.4B
Q2 25
$1.5B
$2.4B
Q1 25
$1.6B
$2.4B
Q4 24
$1.6B
Q3 24
$1.5B
$2.0B
Q2 24
$1.6B
Debt / Equity
PCRX
PCRX
SMC
SMC
Q1 26
Q4 25
0.54×
1.91×
Q3 25
0.52×
1.96×
Q2 25
0.77×
1.95×
Q1 25
0.73×
1.94×
Q4 24
0.75×
Q3 24
1.47×
Q2 24

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PCRX
PCRX
SMC
SMC
Q1 26
Q4 25
$43.7M
$53.7M
Q3 25
$60.8M
$26.7M
Q2 25
$12.0M
$37.2M
Q1 25
$35.5M
$16.0M
Q4 24
$33.1M
Q3 24
$53.9M
Q2 24
$53.2M
Free Cash Flow
PCRX
PCRX
SMC
SMC
Q1 26
Q4 25
$43.5M
$34.5M
Q3 25
$57.0M
$3.8M
Q2 25
$9.3M
$10.8M
Q1 25
$26.9M
$-4.6M
Q4 24
$31.0M
Q3 24
$49.8M
Q2 24
$51.6M
FCF Margin
PCRX
PCRX
SMC
SMC
Q1 26
Q4 25
22.1%
24.3%
Q3 25
31.7%
2.6%
Q2 25
5.1%
7.7%
Q1 25
15.9%
-3.4%
Q4 24
16.6%
Q3 24
29.6%
Q2 24
29.0%
Capex Intensity
PCRX
PCRX
SMC
SMC
Q1 26
Q4 25
0.1%
13.4%
Q3 25
2.2%
15.6%
Q2 25
1.5%
18.8%
Q1 25
5.1%
15.5%
Q4 24
1.1%
Q3 24
2.4%
Q2 24
0.9%
Cash Conversion
PCRX
PCRX
SMC
SMC
Q1 26
Q4 25
Q3 25
11.20×
Q2 25
Q1 25
7.37×
7.89×
Q4 24
Q3 24
Q2 24
2.82×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PCRX
PCRX

EXPAREL$143.3M81%
ZILRETTA$26.8M15%
iovera°$6.2M3%
Bupivacaine liposome injectable suspension$1.2M1%

SMC
SMC

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

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