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Side-by-side financial comparison of Porch Group, Inc. (PRCH) 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 $121.1M, roughly 1.2× Porch Group, Inc.). Porch Group, Inc. runs the higher net margin — -3.9% vs -5.1%, a 1.3% gap on every dollar of revenue.

Porch is a website that tries to connect homeowners with local home improvement contractors. The site features advice articles, cost guide, and online booking for over 160 home projects.

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.

PRCH vs SMC — Head-to-Head

Bigger by revenue
SMC
SMC
1.2× larger
SMC
$142.3M
$121.1M
PRCH
Higher net margin
PRCH
PRCH
1.3% more per $
PRCH
-3.9%
-5.1%
SMC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
PRCH
PRCH
SMC
SMC
Revenue
$121.1M
$142.3M
Net Profit
$-4.7M
$-7.3M
Gross Margin
52.7%
72.1%
Operating Margin
34.7%
-5.5%
Net Margin
-3.9%
-5.1%
Revenue YoY
100.0%
Net Profit YoY
2.0%
EPS (diluted)
$-0.04
$-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
PRCH
PRCH
SMC
SMC
Q1 26
$121.1M
Q4 25
$112.3M
$142.3M
Q3 25
$115.1M
$146.9M
Q2 25
$107.0M
$140.2M
Q1 25
$84.5M
$132.7M
Q4 24
$75.3M
Q3 24
$77.7M
$102.4M
Q2 24
$75.9M
Net Profit
PRCH
PRCH
SMC
SMC
Q1 26
$-4.7M
Q4 25
$-3.5M
$-7.3M
Q3 25
$-10.9M
$-1.6M
Q2 25
$2.6M
$-8.0M
Q1 25
$8.4M
$2.0M
Q4 24
$30.5M
Q3 24
$14.4M
$-204.9M
Q2 24
$-64.3M
Gross Margin
PRCH
PRCH
SMC
SMC
Q1 26
52.7%
Q4 25
99.5%
72.1%
Q3 25
75.6%
74.0%
Q2 25
70.9%
74.4%
Q1 25
77.4%
73.3%
Q4 24
Q3 24
79.4%
72.4%
Q2 24
22.1%
Operating Margin
PRCH
PRCH
SMC
SMC
Q1 26
34.7%
Q4 25
14.7%
-5.5%
Q3 25
14.2%
3.8%
Q2 25
4.7%
-3.6%
Q1 25
-1.5%
3.7%
Q4 24
33.3%
Q3 24
-3.2%
-53.7%
Q2 24
-69.2%
Net Margin
PRCH
PRCH
SMC
SMC
Q1 26
-3.9%
Q4 25
-3.1%
-5.1%
Q3 25
-9.4%
-1.1%
Q2 25
2.4%
-5.7%
Q1 25
9.9%
1.5%
Q4 24
40.5%
Q3 24
18.5%
-200.1%
Q2 24
-84.8%
EPS (diluted)
PRCH
PRCH
SMC
SMC
Q1 26
$-0.04
Q4 25
$0.00
$-0.66
Q3 25
$-0.10
$-0.13
Q2 25
$0.00
$-0.66
Q1 25
$0.07
$-0.16
Q4 24
$0.34
Q3 24
$0.12
$-19.25
Q2 24
$-0.65

Balance Sheet & Financial Strength

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

Metric
PRCH
PRCH
SMC
SMC
Cash + ST InvestmentsLiquidity on hand
$68.4M
$9.3M
Total DebtLower is stronger
$391.3M
$1.0B
Stockholders' EquityBook value
$26.3M
$546.2M
Total Assets
$806.6M
$2.4B
Debt / EquityLower = less leverage
14.87×
1.91×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PRCH
PRCH
SMC
SMC
Q1 26
$68.4M
Q4 25
$57.3M
$9.3M
Q3 25
$85.0M
$24.6M
Q2 25
$79.8M
$20.9M
Q1 25
$70.4M
$26.2M
Q4 24
$191.7M
Q3 24
$238.6M
$17.8M
Q2 24
$308.4M
Total Debt
PRCH
PRCH
SMC
SMC
Q1 26
$391.3M
Q4 25
$392.8M
$1.0B
Q3 25
$387.1M
$1.1B
Q2 25
$394.1M
$1.1B
Q1 25
$409.2M
$1.1B
Q4 24
$403.9M
Q3 24
$399.0M
$957.0M
Q2 24
$436.8M
Stockholders' Equity
PRCH
PRCH
SMC
SMC
Q1 26
$26.3M
Q4 25
$-24.6M
$546.2M
Q3 25
$-27.9M
$551.9M
Q2 25
$-29.3M
$552.0M
Q1 25
$-52.4M
$558.1M
Q4 24
$-43.2M
Q3 24
$-77.0M
$651.5M
Q2 24
$-101.9M
Total Assets
PRCH
PRCH
SMC
SMC
Q1 26
$806.6M
Q4 25
$797.4M
$2.4B
Q3 25
$787.7M
$2.4B
Q2 25
$770.7M
$2.4B
Q1 25
$802.3M
$2.4B
Q4 24
$814.0M
Q3 24
$867.3M
$2.0B
Q2 24
$876.1M
Debt / Equity
PRCH
PRCH
SMC
SMC
Q1 26
14.87×
Q4 25
1.91×
Q3 25
1.96×
Q2 25
1.95×
Q1 25
1.94×
Q4 24
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
PRCH
PRCH
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
PRCH
PRCH
SMC
SMC
Q1 26
Q4 25
$1.2M
$53.7M
Q3 25
$40.8M
$26.7M
Q2 25
$35.6M
$37.2M
Q1 25
$-11.2M
$16.0M
Q4 24
$-26.6M
Q3 24
$12.4M
Q2 24
$-26.0M
Free Cash Flow
PRCH
PRCH
SMC
SMC
Q1 26
Q4 25
$1.1M
$34.5M
Q3 25
$40.7M
$3.8M
Q2 25
$35.4M
$10.8M
Q1 25
$-11.2M
$-4.6M
Q4 24
$-26.8M
Q3 24
$12.2M
Q2 24
$-26.0M
FCF Margin
PRCH
PRCH
SMC
SMC
Q1 26
Q4 25
1.0%
24.3%
Q3 25
35.4%
2.6%
Q2 25
33.0%
7.7%
Q1 25
-13.3%
-3.4%
Q4 24
-35.6%
Q3 24
15.7%
Q2 24
-34.3%
Capex Intensity
PRCH
PRCH
SMC
SMC
Q1 26
Q4 25
0.1%
13.4%
Q3 25
0.1%
15.6%
Q2 25
0.2%
18.8%
Q1 25
0.1%
15.5%
Q4 24
0.3%
Q3 24
0.3%
Q2 24
0.1%
Cash Conversion
PRCH
PRCH
SMC
SMC
Q1 26
Q4 25
Q3 25
Q2 25
13.79×
Q1 25
-1.33×
7.89×
Q4 24
-0.87×
Q3 24
0.86×
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

PRCH
PRCH

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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