vs
Side-by-side financial comparison of Phathom Pharmaceuticals, Inc. (PHAT) and SANDRIDGE ENERGY INC (SD). Click either name above to swap in a different company.
Phathom Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($57.6M vs $39.4M, roughly 1.5× SANDRIDGE ENERGY INC). On growth, Phathom Pharmaceuticals, Inc. posted the faster year-over-year revenue change (94.1% vs 1.1%). SANDRIDGE ENERGY INC produced more free cash flow last quarter ($14.4M vs $-167.0M).
Phathom Pharmaceuticals is a clinical-stage biopharmaceutical firm focused on developing and commercializing innovative therapies for gastrointestinal diseases. Its lead product candidates address acid-related disorders, inflammatory bowel disease, and other GI conditions, serving patients mainly across North America and Europe.
SandRidge Energy, Inc. is a company engaged in hydrocarbon exploration in the Mid-Continent region of the United States. It is organized in Delaware and headquartered in Oklahoma City, Oklahoma.
PHAT vs SD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $57.6M | $39.4M |
| Net Profit | — | $21.6M |
| Gross Margin | 86.7% | — |
| Operating Margin | — | 38.5% |
| Net Margin | — | 54.9% |
| Revenue YoY | 94.1% | 1.1% |
| Net Profit YoY | 71.6% | 23.1% |
| EPS (diluted) | — | $0.59 |
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 | $57.6M | $39.4M | ||
| Q3 25 | $49.5M | $39.8M | ||
| Q2 25 | $39.5M | $34.5M | ||
| Q1 25 | $28.5M | $42.6M | ||
| Q4 24 | $29.7M | $39.0M | ||
| Q3 24 | $16.4M | $30.1M | ||
| Q2 24 | $7.3M | $26.0M | ||
| Q1 24 | — | $30.3M |
| Q4 25 | — | $21.6M | ||
| Q3 25 | $-30.0M | $16.0M | ||
| Q2 25 | $-75.8M | $19.6M | ||
| Q1 25 | $-94.3M | $13.0M | ||
| Q4 24 | — | $17.6M | ||
| Q3 24 | $-85.6M | $25.5M | ||
| Q2 24 | $-91.4M | $8.8M | ||
| Q1 24 | — | $11.1M |
| Q4 25 | 86.7% | — | ||
| Q3 25 | 87.5% | — | ||
| Q2 25 | 87.2% | — | ||
| Q1 25 | 86.9% | — | ||
| Q4 24 | 87.1% | — | ||
| Q3 24 | 85.6% | — | ||
| Q2 24 | 81.2% | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 38.5% | ||
| Q3 25 | -30.8% | 37.8% | ||
| Q2 25 | -151.7% | 53.7% | ||
| Q1 25 | -276.5% | 28.6% | ||
| Q4 24 | — | 25.9% | ||
| Q3 24 | -433.0% | 28.3% | ||
| Q2 24 | -1055.4% | 23.9% | ||
| Q1 24 | — | 27.8% |
| Q4 25 | — | 54.9% | ||
| Q3 25 | -60.5% | 40.1% | ||
| Q2 25 | -191.9% | 56.6% | ||
| Q1 25 | -330.7% | 30.6% | ||
| Q4 24 | — | 45.1% | ||
| Q3 24 | -523.3% | 84.8% | ||
| Q2 24 | -1248.6% | 33.9% | ||
| Q1 24 | — | 36.7% |
| Q4 25 | — | $0.59 | ||
| Q3 25 | $-0.41 | $0.43 | ||
| Q2 25 | $-1.05 | $0.53 | ||
| Q1 25 | $-1.31 | $0.35 | ||
| Q4 24 | — | $0.46 | ||
| Q3 24 | $-1.32 | $0.69 | ||
| Q2 24 | $-1.56 | $0.24 | ||
| Q1 24 | — | $0.30 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $130.0M | $111.0M |
| Total DebtLower is stronger | $209.1M | — |
| Stockholders' EquityBook value | $-438.2M | $510.9M |
| Total Assets | $259.1M | $644.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $130.0M | $111.0M | ||
| Q3 25 | $135.2M | $101.2M | ||
| Q2 25 | $149.6M | $102.8M | ||
| Q1 25 | $212.3M | $99.7M | ||
| Q4 24 | $297.3M | $98.1M | ||
| Q3 24 | $334.7M | $92.7M | ||
| Q2 24 | $276.2M | $209.9M | ||
| Q1 24 | — | $207.0M |
| Q4 25 | $209.1M | — | ||
| Q3 25 | $207.1M | — | ||
| Q2 25 | $205.1M | — | ||
| Q1 25 | $203.2M | — | ||
| Q4 24 | $201.4M | — | ||
| Q3 24 | $175.7M | — | ||
| Q2 24 | $174.4M | — | ||
| Q1 24 | — | — |
| Q4 25 | $-438.2M | $510.9M | ||
| Q3 25 | $-422.5M | $492.4M | ||
| Q2 25 | $-405.8M | $480.2M | ||
| Q1 25 | $-338.4M | $464.9M | ||
| Q4 24 | $-253.6M | $460.5M | ||
| Q3 24 | $-187.1M | $446.8M | ||
| Q2 24 | $-233.8M | $424.8M | ||
| Q1 24 | — | $419.7M |
| Q4 25 | $259.1M | $644.0M | ||
| Q3 25 | $240.3M | $619.0M | ||
| Q2 25 | $250.2M | $602.3M | ||
| Q1 25 | $294.2M | $588.3M | ||
| Q4 24 | $378.3M | $581.5M | ||
| Q3 24 | $387.0M | $565.2M | ||
| Q2 24 | $319.4M | $529.6M | ||
| Q1 24 | — | $527.4M |
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 | $-166.8M | $31.7M |
| Free Cash FlowOCF − Capex | $-167.0M | $14.4M |
| FCF MarginFCF / Revenue | -290.0% | 36.6% |
| Capex IntensityCapex / Revenue | 0.4% | 43.8% |
| Cash ConversionOCF / Net Profit | — | 1.46× |
| TTM Free Cash FlowTrailing 4 quarters | $-328.9M | $41.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-166.8M | $31.7M | ||
| Q3 25 | $-14.1M | $25.3M | ||
| Q2 25 | $-62.7M | $22.9M | ||
| Q1 25 | $-84.9M | $20.3M | ||
| Q4 24 | $-266.8M | $26.0M | ||
| Q3 24 | $-63.6M | $20.8M | ||
| Q2 24 | $-70.7M | $11.4M | ||
| Q1 24 | — | $15.7M |
| Q4 25 | $-167.0M | $14.4M | ||
| Q3 25 | $-14.1M | $5.9M | ||
| Q2 25 | $-62.8M | $7.3M | ||
| Q1 25 | $-84.9M | $13.9M | ||
| Q4 24 | $-266.9M | $13.2M | ||
| Q3 24 | $-63.6M | $10.8M | ||
| Q2 24 | $-70.8M | $9.0M | ||
| Q1 24 | — | $14.6M |
| Q4 25 | -290.0% | 36.6% | ||
| Q3 25 | -28.6% | 14.9% | ||
| Q2 25 | -159.0% | 21.0% | ||
| Q1 25 | -297.9% | 32.7% | ||
| Q4 24 | -899.8% | 33.8% | ||
| Q3 24 | -389.0% | 36.1% | ||
| Q2 24 | -966.2% | 34.5% | ||
| Q1 24 | — | 48.1% |
| Q4 25 | 0.4% | 43.8% | ||
| Q3 25 | 0.1% | 48.6% | ||
| Q2 25 | 0.2% | 45.2% | ||
| Q1 25 | 0.1% | 15.0% | ||
| Q4 24 | 0.5% | 32.9% | ||
| Q3 24 | 0.3% | 33.3% | ||
| Q2 24 | 0.6% | 9.4% | ||
| Q1 24 | — | 3.7% |
| Q4 25 | — | 1.46× | ||
| Q3 25 | — | 1.58× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | — | 0.82× | ||
| Q2 24 | — | 1.30× | ||
| Q1 24 | — | 1.41× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PHAT
Segment breakdown not available.
SD
| Oil Reserves | $19.0M | 48% |
| Natural Gas Reserves | $11.6M | 30% |
| Natural Gas Liquids Reserves | $8.7M | 22% |
