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Side-by-side financial comparison of Portillo's Inc. (PTLO) and Summit Midstream Corp (SMC). Click either name above to swap in a different company.

Portillo's Inc. is the larger business by last-quarter revenue ($185.7M vs $142.3M, roughly 1.3× Summit Midstream Corp). Portillo's Inc. runs the higher net margin — 3.4% vs -5.1%, a 8.5% gap on every dollar of revenue. Summit Midstream Corp produced more free cash flow last quarter ($34.5M vs $-9.2M).

Portillo's Restaurant Group, Inc. is an American fast casual restaurant chain based in the Chicago area that specializes in serving Chicago-style food such as hot dogs, Maxwell Street Polish, and Italian beef. The company was founded by Dick Portillo on April 9, 1963, in Villa Park, Illinois, under the name "The Dog House".

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.

PTLO vs SMC — Head-to-Head

Bigger by revenue
PTLO
PTLO
1.3× larger
PTLO
$185.7M
$142.3M
SMC
Higher net margin
PTLO
PTLO
8.5% more per $
PTLO
3.4%
-5.1%
SMC
More free cash flow
SMC
SMC
$43.7M more FCF
SMC
$34.5M
$-9.2M
PTLO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PTLO
PTLO
SMC
SMC
Revenue
$185.7M
$142.3M
Net Profit
$6.3M
$-7.3M
Gross Margin
72.1%
Operating Margin
5.6%
-5.5%
Net Margin
3.4%
-5.1%
Revenue YoY
0.6%
Net Profit YoY
-49.5%
EPS (diluted)
$0.08
$-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
PTLO
PTLO
SMC
SMC
Q4 25
$185.7M
$142.3M
Q3 25
$181.4M
$146.9M
Q2 25
$188.5M
$140.2M
Q1 25
$176.4M
$132.7M
Q4 24
$184.6M
Q3 24
$178.3M
$102.4M
Q2 24
$181.9M
Q1 24
$165.8M
Net Profit
PTLO
PTLO
SMC
SMC
Q4 25
$6.3M
$-7.3M
Q3 25
$1.2M
$-1.6M
Q2 25
$8.7M
$-8.0M
Q1 25
$3.3M
$2.0M
Q4 24
$12.4M
Q3 24
$7.2M
$-204.9M
Q2 24
$6.5M
Q1 24
$4.6M
Gross Margin
PTLO
PTLO
SMC
SMC
Q4 25
72.1%
Q3 25
74.0%
Q2 25
74.4%
Q1 25
73.3%
Q4 24
Q3 24
72.4%
Q2 24
Q1 24
Operating Margin
PTLO
PTLO
SMC
SMC
Q4 25
5.6%
-5.5%
Q3 25
3.0%
3.8%
Q2 25
9.3%
-3.6%
Q1 25
5.9%
3.7%
Q4 24
7.5%
Q3 24
9.0%
-53.7%
Q2 24
10.0%
Q1 24
6.1%
Net Margin
PTLO
PTLO
SMC
SMC
Q4 25
3.4%
-5.1%
Q3 25
0.7%
-1.1%
Q2 25
4.6%
-5.7%
Q1 25
1.9%
1.5%
Q4 24
6.7%
Q3 24
4.1%
-200.1%
Q2 24
3.6%
Q1 24
2.8%
EPS (diluted)
PTLO
PTLO
SMC
SMC
Q4 25
$0.08
$-0.66
Q3 25
$0.02
$-0.13
Q2 25
$0.12
$-0.66
Q1 25
$0.05
$-0.16
Q4 24
$0.17
Q3 24
$0.11
$-19.25
Q2 24
$0.10
Q1 24
$0.08

Balance Sheet & Financial Strength

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

Metric
PTLO
PTLO
SMC
SMC
Cash + ST InvestmentsLiquidity on hand
$9.3M
Total DebtLower is stronger
$334.2M
$1.0B
Stockholders' EquityBook value
$467.8M
$546.2M
Total Assets
$1.6B
$2.4B
Debt / EquityLower = less leverage
0.71×
1.91×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PTLO
PTLO
SMC
SMC
Q4 25
$9.3M
Q3 25
$24.6M
Q2 25
$20.9M
Q1 25
$26.2M
Q4 24
Q3 24
$17.8M
Q2 24
Q1 24
Total Debt
PTLO
PTLO
SMC
SMC
Q4 25
$334.2M
$1.0B
Q3 25
$322.6M
$1.1B
Q2 25
$317.0M
$1.1B
Q1 25
$319.8M
$1.1B
Q4 24
$311.7M
Q3 24
$302.2M
$957.0M
Q2 24
$305.1M
Q1 24
$321.7M
Stockholders' Equity
PTLO
PTLO
SMC
SMC
Q4 25
$467.8M
$546.2M
Q3 25
$459.4M
$551.9M
Q2 25
$458.9M
$552.0M
Q1 25
$406.9M
$558.1M
Q4 24
$401.1M
Q3 24
$382.4M
$651.5M
Q2 24
$370.2M
Q1 24
$360.5M
Total Assets
PTLO
PTLO
SMC
SMC
Q4 25
$1.6B
$2.4B
Q3 25
$1.6B
$2.4B
Q2 25
$1.6B
$2.4B
Q1 25
$1.5B
$2.4B
Q4 24
$1.5B
Q3 24
$1.5B
$2.0B
Q2 24
$1.4B
Q1 24
$1.4B
Debt / Equity
PTLO
PTLO
SMC
SMC
Q4 25
0.71×
1.91×
Q3 25
0.70×
1.96×
Q2 25
0.69×
1.95×
Q1 25
0.79×
1.94×
Q4 24
0.78×
Q3 24
0.79×
1.47×
Q2 24
0.82×
Q1 24
0.89×

Cash Flow & Capital Efficiency

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

Metric
PTLO
PTLO
SMC
SMC
Operating Cash FlowLast quarter
$23.2M
$53.7M
Free Cash FlowOCF − Capex
$-9.2M
$34.5M
FCF MarginFCF / Revenue
-4.9%
24.3%
Capex IntensityCapex / Revenue
17.4%
13.4%
Cash ConversionOCF / Net Profit
3.69×
TTM Free Cash FlowTrailing 4 quarters
$-18.5M
$44.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PTLO
PTLO
SMC
SMC
Q4 25
$23.2M
$53.7M
Q3 25
$20.0M
$26.7M
Q2 25
$19.2M
$37.2M
Q1 25
$9.4M
$16.0M
Q4 24
$26.1M
Q3 24
$30.3M
Q2 24
$32.6M
Q1 24
$9.1M
Free Cash Flow
PTLO
PTLO
SMC
SMC
Q4 25
$-9.2M
$34.5M
Q3 25
$-5.0M
$3.8M
Q2 25
$5.2M
$10.8M
Q1 25
$-9.6M
$-4.6M
Q4 24
$-5.6M
Q3 24
$7.7M
Q2 24
$15.6M
Q1 24
$-7.9M
FCF Margin
PTLO
PTLO
SMC
SMC
Q4 25
-4.9%
24.3%
Q3 25
-2.7%
2.6%
Q2 25
2.8%
7.7%
Q1 25
-5.4%
-3.4%
Q4 24
-3.0%
Q3 24
4.3%
Q2 24
8.6%
Q1 24
-4.7%
Capex Intensity
PTLO
PTLO
SMC
SMC
Q4 25
17.4%
13.4%
Q3 25
13.8%
15.6%
Q2 25
7.5%
18.8%
Q1 25
10.8%
15.5%
Q4 24
17.2%
Q3 24
12.7%
Q2 24
9.3%
Q1 24
10.2%
Cash Conversion
PTLO
PTLO
SMC
SMC
Q4 25
3.69×
Q3 25
16.51×
Q2 25
2.21×
Q1 25
2.85×
7.89×
Q4 24
2.10×
Q3 24
4.20×
Q2 24
5.03×
Q1 24
1.99×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PTLO
PTLO

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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