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Side-by-side financial comparison of Regency Centers (REG) 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 $404.2M, roughly 1.7× Regency Centers). On growth, Regency Centers posted the faster year-over-year revenue change (8.5% vs -17.3%). Over the past eight quarters, SM Energy Co's revenue compounded faster (12.2% CAGR vs 5.4%).

Regency Centers Corporation is a real estate investment trust based in Jacksonville, Florida, and is one of the largest operators of shopping centers with grocery stores as anchor tenants. As of October 21, 2020, the company owned 415 properties comprising 56-million-square feet of space. Notable properties owned by the company include Serramonte Center and a 30% interest in Village District.

SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.

REG vs SM — Head-to-Head

Bigger by revenue
SM
SM
1.7× larger
SM
$704.9M
$404.2M
REG
Growing faster (revenue YoY)
REG
REG
+25.8% gap
REG
8.5%
-17.3%
SM
Faster 2-yr revenue CAGR
SM
SM
Annualised
SM
12.2%
5.4%
REG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
REG
REG
SM
SM
Revenue
$404.2M
$704.9M
Net Profit
$202.5M
Gross Margin
Operating Margin
71.0%
25.9%
Net Margin
50.1%
Revenue YoY
8.5%
-17.3%
Net Profit YoY
134.1%
EPS (diluted)
$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.

Revenue
REG
REG
SM
SM
Q4 25
$404.2M
$704.9M
Q3 25
$387.6M
$811.6M
Q2 25
$380.8M
$792.9M
Q1 25
$380.9M
$844.5M
Q4 24
$372.5M
$852.0M
Q3 24
$360.3M
$643.6M
Q2 24
$357.3M
$634.6M
Q1 24
$363.9M
$559.9M
Net Profit
REG
REG
SM
SM
Q4 25
$202.5M
Q3 25
$109.4M
$155.1M
Q2 25
$106.0M
$201.7M
Q1 25
$109.6M
$182.3M
Q4 24
$86.5M
Q3 24
$101.5M
$240.5M
Q2 24
$102.7M
$210.3M
Q1 24
$109.8M
$131.2M
Operating Margin
REG
REG
SM
SM
Q4 25
71.0%
25.9%
Q3 25
72.7%
30.4%
Q2 25
73.8%
37.2%
Q1 25
71.8%
32.7%
Q4 24
71.1%
33.7%
Q3 24
72.5%
51.4%
Q2 24
72.3%
44.0%
Q1 24
72.3%
31.9%
Net Margin
REG
REG
SM
SM
Q4 25
50.1%
Q3 25
28.2%
19.1%
Q2 25
27.8%
25.4%
Q1 25
28.8%
21.6%
Q4 24
23.2%
Q3 24
28.2%
37.4%
Q2 24
28.7%
33.1%
Q1 24
30.2%
23.4%
EPS (diluted)
REG
REG
SM
SM
Q4 25
$0.94
Q3 25
$1.35
Q2 25
$1.76
Q1 25
$1.59
Q4 24
$1.63
Q3 24
$2.09
Q2 24
$1.82
Q1 24
$1.13

Balance Sheet & Financial Strength

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

Metric
REG
REG
SM
SM
Cash + ST InvestmentsLiquidity on hand
$368.0M
Total DebtLower is stronger
$4.7B
Stockholders' EquityBook value
$6.9B
$4.8B
Total Assets
$13.0B
$9.3B
Debt / EquityLower = less leverage
0.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
REG
REG
SM
SM
Q4 25
$368.0M
Q3 25
$162.3M
Q2 25
$101.9M
Q1 25
$54.0K
Q4 24
Q3 24
$1.7B
Q2 24
$487.9M
Q1 24
$506.3M
Total Debt
REG
REG
SM
SM
Q4 25
$4.7B
Q3 25
$4.9B
Q2 25
$4.8B
Q1 25
$4.6B
Q4 24
$4.4B
Q3 24
$4.4B
Q2 24
$4.4B
Q1 24
$4.4B
Stockholders' Equity
REG
REG
SM
SM
Q4 25
$6.9B
$4.8B
Q3 25
$6.8B
$4.7B
Q2 25
$6.7B
$4.6B
Q1 25
$6.7B
$4.4B
Q4 24
$6.7B
$4.2B
Q3 24
$6.8B
$4.1B
Q2 24
$6.8B
$3.8B
Q1 24
$7.0B
$3.7B
Total Assets
REG
REG
SM
SM
Q4 25
$13.0B
$9.3B
Q3 25
$13.1B
$9.1B
Q2 25
$12.7B
$9.0B
Q1 25
$12.6B
$8.8B
Q4 24
$12.4B
$8.6B
Q3 24
$12.4B
$8.0B
Q2 24
$12.4B
$6.7B
Q1 24
$12.7B
$6.4B
Debt / Equity
REG
REG
SM
SM
Q4 25
0.69×
Q3 25
0.72×
Q2 25
0.72×
Q1 25
0.69×
Q4 24
0.66×
Q3 24
0.65×
Q2 24
0.64×
Q1 24
0.63×

Cash Flow & Capital Efficiency

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

Metric
REG
REG
SM
SM
Operating Cash FlowLast quarter
$203.9M
$451.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.01×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
REG
REG
SM
SM
Q4 25
$203.9M
$451.9M
Q3 25
$218.7M
$505.0M
Q2 25
$244.0M
$571.1M
Q1 25
$161.0M
$483.0M
Q4 24
$191.4M
$578.4M
Q3 24
$227.6M
$452.3M
Q2 24
$203.5M
$476.4M
Q1 24
$167.8M
$276.0M
Cash Conversion
REG
REG
SM
SM
Q4 25
1.01×
Q3 25
2.00×
3.26×
Q2 25
2.30×
2.83×
Q1 25
1.47×
2.65×
Q4 24
2.21×
Q3 24
2.24×
1.88×
Q2 24
1.98×
2.27×
Q1 24
1.53×
2.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

REG
REG

Shopping Centers$418.0M103%
Propertymanagementservices$4.1M1%
Assetmanagementservices$1.7M0%

SM
SM

Segment breakdown not available.

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