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Side-by-side financial comparison of RH (RH) and SM Energy Co (SM). Click either name above to swap in a different company.
RH is the larger business by last-quarter revenue ($883.8M vs $704.9M, roughly 1.3× SM Energy Co). On growth, RH posted the faster year-over-year revenue change (8.9% vs -17.3%). Over the past eight quarters, SM Energy Co's revenue compounded faster (12.2% CAGR vs 9.4%).
RH is an upscale American home-furnishings company headquartered in Corte Madera, California. The company sells its merchandise through its retail stores, catalog, and online. As of August 2018, the company operated a total of 70 galleries, 18 full-line design galleries, and 3 baby-and-child galleries. The company also has 36 outlet stores in the United States and Canada.
SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.
RH vs SM — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $883.8M | $704.9M |
| Net Profit | $36.3M | — |
| Gross Margin | 44.1% | — |
| Operating Margin | 12.0% | 25.9% |
| Net Margin | 4.1% | — |
| Revenue YoY | 8.9% | -17.3% |
| Net Profit YoY | 9.3% | — |
| EPS (diluted) | $1.83 | $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.
| Q4 25 | $883.8M | $704.9M | ||
| Q3 25 | $899.2M | $811.6M | ||
| Q2 25 | $814.0M | $792.9M | ||
| Q1 25 | $812.4M | $844.5M | ||
| Q4 24 | $811.7M | $852.0M | ||
| Q3 24 | $829.7M | $643.6M | ||
| Q2 24 | $727.0M | $634.6M | ||
| Q1 24 | $738.3M | $559.9M |
| Q4 25 | $36.3M | — | ||
| Q3 25 | $51.7M | $155.1M | ||
| Q2 25 | $8.0M | $201.7M | ||
| Q1 25 | $13.9M | $182.3M | ||
| Q4 24 | $33.2M | — | ||
| Q3 24 | $29.0M | $240.5M | ||
| Q2 24 | $-3.6M | $210.3M | ||
| Q1 24 | $11.4M | $131.2M |
| Q4 25 | 44.1% | — | ||
| Q3 25 | 45.5% | — | ||
| Q2 25 | 43.7% | — | ||
| Q1 25 | 44.7% | — | ||
| Q4 24 | 44.5% | — | ||
| Q3 24 | 45.2% | — | ||
| Q2 24 | 43.5% | — | ||
| Q1 24 | 43.5% | — |
| Q4 25 | 12.0% | 25.9% | ||
| Q3 25 | 14.3% | 30.4% | ||
| Q2 25 | 6.9% | 37.2% | ||
| Q1 25 | 8.7% | 32.7% | ||
| Q4 24 | 12.5% | 33.7% | ||
| Q3 24 | 11.6% | 51.4% | ||
| Q2 24 | 7.5% | 44.0% | ||
| Q1 24 | 8.7% | 31.9% |
| Q4 25 | 4.1% | — | ||
| Q3 25 | 5.8% | 19.1% | ||
| Q2 25 | 1.0% | 25.4% | ||
| Q1 25 | 1.7% | 21.6% | ||
| Q4 24 | 4.1% | — | ||
| Q3 24 | 3.5% | 37.4% | ||
| Q2 24 | -0.5% | 33.1% | ||
| Q1 24 | 1.5% | 23.4% |
| Q4 25 | $1.83 | $0.94 | ||
| Q3 25 | $2.62 | $1.35 | ||
| Q2 25 | $0.40 | $1.76 | ||
| Q1 25 | $0.71 | $1.59 | ||
| Q4 24 | $1.66 | $1.63 | ||
| Q3 24 | $1.45 | $2.09 | ||
| Q2 24 | $-0.20 | $1.82 | ||
| Q1 24 | $0.91 | $1.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $43.1M | $368.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.3M | $4.8B |
| Total Assets | $4.8B | $9.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $43.1M | $368.0M | ||
| Q3 25 | $34.6M | $162.3M | ||
| Q2 25 | $46.1M | $101.9M | ||
| Q1 25 | $30.4M | $54.0K | ||
| Q4 24 | $87.0M | — | ||
| Q3 24 | $78.3M | $1.7B | ||
| Q2 24 | $101.8M | $487.9M | ||
| Q1 24 | $123.7M | $506.3M |
| Q4 25 | $3.3M | $4.8B | ||
| Q3 25 | $-40.9M | $4.7B | ||
| Q2 25 | $-110.8M | $4.6B | ||
| Q1 25 | $-163.6M | $4.4B | ||
| Q4 24 | $-183.0M | $4.2B | ||
| Q3 24 | $-234.7M | $4.1B | ||
| Q2 24 | $-289.9M | $3.8B | ||
| Q1 24 | $-297.4M | $3.7B |
| Q4 25 | $4.8B | $9.3B | ||
| Q3 25 | $4.7B | $9.1B | ||
| Q2 25 | $4.7B | $9.0B | ||
| Q1 25 | $4.6B | $8.8B | ||
| Q4 24 | $4.5B | $8.6B | ||
| Q3 24 | $4.4B | $8.0B | ||
| Q2 24 | $4.2B | $6.7B | ||
| Q1 24 | $4.1B | $6.4B |
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 | $131.9M | $451.9M |
| Free Cash FlowOCF − Capex | $83.0M | — |
| FCF MarginFCF / Revenue | 9.4% | — |
| Capex IntensityCapex / Revenue | 5.5% | — |
| Cash ConversionOCF / Net Profit | 3.64× | — |
| TTM Free Cash FlowTrailing 4 quarters | $128.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $131.9M | $451.9M | ||
| Q3 25 | $137.7M | $505.0M | ||
| Q2 25 | $86.6M | $571.1M | ||
| Q1 25 | $-18.8M | $483.0M | ||
| Q4 24 | $-31.4M | $578.4M | ||
| Q3 24 | $11.2M | $452.3M | ||
| Q2 24 | $56.1M | $476.4M | ||
| Q1 24 | $-114.0M | $276.0M |
| Q4 25 | $83.0M | — | ||
| Q3 25 | $80.7M | — | ||
| Q2 25 | $34.1M | — | ||
| Q1 25 | $-69.7M | — | ||
| Q4 24 | $-96.0M | — | ||
| Q3 24 | $-37.9M | — | ||
| Q2 24 | $-10.1M | — | ||
| Q1 24 | $-251.5M | — |
| Q4 25 | 9.4% | — | ||
| Q3 25 | 9.0% | — | ||
| Q2 25 | 4.2% | — | ||
| Q1 25 | -8.6% | — | ||
| Q4 24 | -11.8% | — | ||
| Q3 24 | -4.6% | — | ||
| Q2 24 | -1.4% | — | ||
| Q1 24 | -34.1% | — |
| Q4 25 | 5.5% | — | ||
| Q3 25 | 6.3% | — | ||
| Q2 25 | 6.5% | — | ||
| Q1 25 | 6.3% | — | ||
| Q4 24 | 8.0% | — | ||
| Q3 24 | 5.9% | — | ||
| Q2 24 | 9.1% | — | ||
| Q1 24 | 18.6% | — |
| Q4 25 | 3.64× | — | ||
| Q3 25 | 2.66× | 3.26× | ||
| Q2 25 | 10.78× | 2.83× | ||
| Q1 25 | -1.35× | 2.65× | ||
| Q4 24 | -0.95× | — | ||
| Q3 24 | 0.39× | 1.88× | ||
| Q2 24 | — | 2.27× | ||
| Q1 24 | -10.01× | 2.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
SM
Segment breakdown not available.
