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Side-by-side financial comparison of PEGASYSTEMS INC (PEGA) and SM Energy Co (SM). Click either name above to swap in a different company.
SM Energy Co is the larger business by last-quarter revenue ($704.9M vs $430.0M, roughly 1.6× PEGASYSTEMS INC). On growth, PEGASYSTEMS INC posted the faster year-over-year revenue change (-9.6% vs -17.3%). Over the past eight quarters, SM Energy Co's revenue compounded faster (12.2% CAGR vs 10.7%).
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.
PEGA vs SM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $430.0M | $704.9M |
| Net Profit | $32.8M | — |
| Gross Margin | 75.2% | — |
| Operating Margin | 8.6% | 25.9% |
| Net Margin | 7.6% | — |
| Revenue YoY | -9.6% | -17.3% |
| Net Profit YoY | — | — |
| EPS (diluted) | $0.18 | $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.
| Q1 26 | $430.0M | — | ||
| Q4 25 | $504.3M | $704.9M | ||
| Q3 25 | $381.4M | $811.6M | ||
| Q2 25 | $384.5M | $792.9M | ||
| Q1 25 | $475.6M | $844.5M | ||
| Q4 24 | $490.8M | $852.0M | ||
| Q3 24 | $325.1M | $643.6M | ||
| Q2 24 | $351.2M | $634.6M |
| Q1 26 | $32.8M | — | ||
| Q4 25 | $234.6M | — | ||
| Q3 25 | $43.4M | $155.1M | ||
| Q2 25 | $30.1M | $201.7M | ||
| Q1 25 | $85.4M | $182.3M | ||
| Q4 24 | $119.1M | — | ||
| Q3 24 | $-14.4M | $240.5M | ||
| Q2 24 | $6.6M | $210.3M |
| Q1 26 | 75.2% | — | ||
| Q4 25 | 79.5% | — | ||
| Q3 25 | 72.2% | — | ||
| Q2 25 | 71.5% | — | ||
| Q1 25 | 78.5% | — | ||
| Q4 24 | 79.1% | — | ||
| Q3 24 | 70.2% | — | ||
| Q2 24 | 72.4% | — |
| Q1 26 | 8.6% | — | ||
| Q4 25 | 20.7% | 25.9% | ||
| Q3 25 | 3.8% | 30.4% | ||
| Q2 25 | 4.5% | 37.2% | ||
| Q1 25 | 26.7% | 32.7% | ||
| Q4 24 | 29.1% | 33.7% | ||
| Q3 24 | -3.6% | 51.4% | ||
| Q2 24 | 3.7% | 44.0% |
| Q1 26 | 7.6% | — | ||
| Q4 25 | 46.5% | — | ||
| Q3 25 | 11.4% | 19.1% | ||
| Q2 25 | 7.8% | 25.4% | ||
| Q1 25 | 18.0% | 21.6% | ||
| Q4 24 | 24.3% | — | ||
| Q3 24 | -4.4% | 37.4% | ||
| Q2 24 | 1.9% | 33.1% |
| Q1 26 | $0.18 | — | ||
| Q4 25 | $0.81 | $0.94 | ||
| Q3 25 | $0.24 | $1.35 | ||
| Q2 25 | $0.17 | $1.76 | ||
| Q1 25 | $0.91 | $1.59 | ||
| Q4 24 | $1.35 | $1.63 | ||
| Q3 24 | $-0.17 | $2.09 | ||
| Q2 24 | $0.07 | $1.82 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $270.0M | $368.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $705.9M | $4.8B |
| Total Assets | $1.6B | $9.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $270.0M | — | ||
| Q4 25 | $425.8M | $368.0M | ||
| Q3 25 | $351.4M | $162.3M | ||
| Q2 25 | $411.6M | $101.9M | ||
| Q1 25 | $371.7M | $54.0K | ||
| Q4 24 | $740.0M | — | ||
| Q3 24 | $703.0M | $1.7B | ||
| Q2 24 | $665.1M | $487.9M |
| Q1 26 | $705.9M | — | ||
| Q4 25 | $787.4M | $4.8B | ||
| Q3 25 | $596.8M | $4.7B | ||
| Q2 25 | $624.5M | $4.6B | ||
| Q1 25 | $611.3M | $4.4B | ||
| Q4 24 | $585.5M | $4.2B | ||
| Q3 24 | $473.0M | $4.1B | ||
| Q2 24 | $435.4M | $3.8B |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $9.3B | ||
| Q3 25 | $1.3B | $9.1B | ||
| Q2 25 | $1.3B | $9.0B | ||
| Q1 25 | $1.3B | $8.8B | ||
| Q4 24 | $1.8B | $8.6B | ||
| Q3 24 | $1.6B | $8.0B | ||
| Q2 24 | $1.5B | $6.7B |
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 | — | $451.9M |
| Free Cash FlowOCF − Capex | $206.5M | — |
| FCF MarginFCF / Revenue | 48.0% | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $494.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $158.4M | $451.9M | ||
| Q3 25 | $56.3M | $505.0M | ||
| Q2 25 | $86.3M | $571.1M | ||
| Q1 25 | $204.2M | $483.0M | ||
| Q4 24 | $95.2M | $578.4M | ||
| Q3 24 | $30.5M | $452.3M | ||
| Q2 24 | $40.1M | $476.4M |
| Q1 26 | $206.5M | — | ||
| Q4 25 | $152.4M | — | ||
| Q3 25 | $51.8M | — | ||
| Q2 25 | $84.1M | — | ||
| Q1 25 | $202.3M | — | ||
| Q4 24 | $92.4M | — | ||
| Q3 24 | $27.4M | — | ||
| Q2 24 | $38.8M | — |
| Q1 26 | 48.0% | — | ||
| Q4 25 | 30.2% | — | ||
| Q3 25 | 13.6% | — | ||
| Q2 25 | 21.9% | — | ||
| Q1 25 | 42.5% | — | ||
| Q4 24 | 18.8% | — | ||
| Q3 24 | 8.4% | — | ||
| Q2 24 | 11.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | — | ||
| Q3 25 | 1.2% | — | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | 0.4% | — | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 0.9% | — | ||
| Q2 24 | 0.4% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.68× | — | ||
| Q3 25 | 1.30× | 3.26× | ||
| Q2 25 | 2.87× | 2.83× | ||
| Q1 25 | 2.39× | 2.65× | ||
| Q4 24 | 0.80× | — | ||
| Q3 24 | — | 1.88× | ||
| Q2 24 | 6.06× | 2.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
SM
Segment breakdown not available.
