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Side-by-side financial comparison of RLI CORP (RLI) 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 $465.7M, roughly 1.5× RLI CORP). On growth, RLI CORP posted the faster year-over-year revenue change (6.1% vs -17.3%). Over the past eight quarters, SM Energy Co's revenue compounded faster (12.2% CAGR vs 2.3%).
RLI Corp. is an American insurance company specializing in property insurance and casualty insurance. It is headquartered in Peoria, Illinois.
SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.
RLI vs SM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $465.7M | $704.9M |
| Net Profit | $91.2M | — |
| Gross Margin | — | — |
| Operating Margin | 24.4% | 25.9% |
| Net Margin | 19.6% | — |
| Revenue YoY | 6.1% | -17.3% |
| Net Profit YoY | 123.1% | — |
| EPS (diluted) | $1.00 | $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 | $465.7M | $704.9M | ||
| Q3 25 | $509.3M | $811.6M | ||
| Q2 25 | $499.8M | $792.9M | ||
| Q1 25 | $407.7M | $844.5M | ||
| Q4 24 | $439.1M | $852.0M | ||
| Q3 24 | $470.0M | $643.6M | ||
| Q2 24 | $416.4M | $634.6M | ||
| Q1 24 | $444.8M | $559.9M |
| Q4 25 | $91.2M | — | ||
| Q3 25 | $124.6M | $155.1M | ||
| Q2 25 | $124.3M | $201.7M | ||
| Q1 25 | $63.2M | $182.3M | ||
| Q4 24 | $40.9M | — | ||
| Q3 24 | $95.0M | $240.5M | ||
| Q2 24 | $82.0M | $210.3M | ||
| Q1 24 | $127.9M | $131.2M |
| Q4 25 | 24.4% | 25.9% | ||
| Q3 25 | 30.9% | 30.4% | ||
| Q2 25 | 31.3% | 37.2% | ||
| Q1 25 | 19.3% | 32.7% | ||
| Q4 24 | 10.8% | 33.7% | ||
| Q3 24 | 24.9% | 51.4% | ||
| Q2 24 | 24.8% | 44.0% | ||
| Q1 24 | 36.0% | 31.9% |
| Q4 25 | 19.6% | — | ||
| Q3 25 | 24.5% | 19.1% | ||
| Q2 25 | 24.9% | 25.4% | ||
| Q1 25 | 15.5% | 21.6% | ||
| Q4 24 | 9.3% | — | ||
| Q3 24 | 20.2% | 37.4% | ||
| Q2 24 | 19.7% | 33.1% | ||
| Q1 24 | 28.8% | 23.4% |
| Q4 25 | $1.00 | $0.94 | ||
| Q3 25 | $1.35 | $1.35 | ||
| Q2 25 | $1.34 | $1.76 | ||
| Q1 25 | $0.68 | $1.59 | ||
| Q4 24 | $-2.87 | $1.63 | ||
| Q3 24 | $2.06 | $2.09 | ||
| Q2 24 | $1.78 | $1.82 | ||
| Q1 24 | $2.77 | $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 | — | $368.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.8B | $4.8B |
| Total Assets | $6.2B | $9.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| 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 |
| Q4 25 | — | — | ||
| Q3 25 | $100.0M | — | ||
| Q2 25 | $100.0M | — | ||
| Q1 25 | $100.0M | — | ||
| Q4 24 | $100.0M | — | ||
| Q3 24 | $100.0M | — | ||
| Q2 24 | $100.0M | — | ||
| Q1 24 | $100.0M | — |
| Q4 25 | $1.8B | $4.8B | ||
| Q3 25 | $1.9B | $4.7B | ||
| Q2 25 | $1.7B | $4.6B | ||
| Q1 25 | $1.6B | $4.4B | ||
| Q4 24 | $1.5B | $4.2B | ||
| Q3 24 | $1.7B | $4.1B | ||
| Q2 24 | $1.6B | $3.8B | ||
| Q1 24 | $1.5B | $3.7B |
| Q4 25 | $6.2B | $9.3B | ||
| Q3 25 | $6.2B | $9.1B | ||
| Q2 25 | $6.0B | $9.0B | ||
| Q1 25 | $5.7B | $8.8B | ||
| Q4 24 | $5.6B | $8.6B | ||
| Q3 24 | $5.8B | $8.0B | ||
| Q2 24 | $5.5B | $6.7B | ||
| Q1 24 | $5.3B | $6.4B |
| Q4 25 | — | — | ||
| Q3 25 | 0.05× | — | ||
| Q2 25 | 0.06× | — | ||
| Q1 25 | 0.06× | — | ||
| Q4 24 | 0.07× | — | ||
| Q3 24 | 0.06× | — | ||
| Q2 24 | 0.06× | — | ||
| Q1 24 | 0.07× | — |
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 | $156.8M | $451.9M |
| Free Cash FlowOCF − Capex | $155.0M | — |
| FCF MarginFCF / Revenue | 33.3% | — |
| Capex IntensityCapex / Revenue | 0.4% | — |
| Cash ConversionOCF / Net Profit | 1.72× | — |
| TTM Free Cash FlowTrailing 4 quarters | $608.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $156.8M | $451.9M | ||
| Q3 25 | $179.2M | $505.0M | ||
| Q2 25 | $174.7M | $571.1M | ||
| Q1 25 | $103.5M | $483.0M | ||
| Q4 24 | $128.1M | $578.4M | ||
| Q3 24 | $219.4M | $452.3M | ||
| Q2 24 | $141.8M | $476.4M | ||
| Q1 24 | $70.9M | $276.0M |
| Q4 25 | $155.0M | — | ||
| Q3 25 | $177.8M | — | ||
| Q2 25 | $173.4M | — | ||
| Q1 25 | $102.5M | — | ||
| Q4 24 | $127.6M | — | ||
| Q3 24 | $219.0M | — | ||
| Q2 24 | $139.1M | — | ||
| Q1 24 | $69.9M | — |
| Q4 25 | 33.3% | — | ||
| Q3 25 | 34.9% | — | ||
| Q2 25 | 34.7% | — | ||
| Q1 25 | 25.1% | — | ||
| Q4 24 | 29.0% | — | ||
| Q3 24 | 46.6% | — | ||
| Q2 24 | 33.4% | — | ||
| Q1 24 | 15.7% | — |
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 0.2% | — |
| Q4 25 | 1.72× | — | ||
| Q3 25 | 1.44× | 3.26× | ||
| Q2 25 | 1.41× | 2.83× | ||
| Q1 25 | 1.64× | 2.65× | ||
| Q4 24 | 3.13× | — | ||
| Q3 24 | 2.31× | 1.88× | ||
| Q2 24 | 1.73× | 2.27× | ||
| Q1 24 | 0.55× | 2.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RLI
| Casualty Segment | $246.8M | 53% |
| Property Insurance Segment | $122.5M | 26% |
| Other | $59.3M | 13% |
| Surety Insurance Segment | $37.1M | 8% |
SM
Segment breakdown not available.
