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Side-by-side financial comparison of SANDRIDGE ENERGY INC (SD) and SMITH MIDLAND CORP (SMID). Click either name above to swap in a different company.

SANDRIDGE ENERGY INC is the larger business by last-quarter revenue ($39.4M vs $23.1M, roughly 1.7× SMITH MIDLAND CORP). SANDRIDGE ENERGY INC runs the higher net margin — 54.9% vs 9.2%, a 45.7% gap on every dollar of revenue. On growth, SMITH MIDLAND CORP posted the faster year-over-year revenue change (24.7% vs 1.1%). Over the past eight quarters, SMITH MIDLAND CORP's revenue compounded faster (17.4% CAGR vs 14.1%).

SandRidge Energy, Inc. is a company engaged in hydrocarbon exploration in the Mid-Continent region of the United States. It is organized in Delaware and headquartered in Oklahoma City, Oklahoma.

Smith Midland Corp is a specialized manufacturer of precast concrete products for infrastructure, commercial, residential and industrial construction uses. Its key product lines include highway safety barriers, acoustic sound walls, architectural precast panels, and stormwater management systems, serving primarily the North American market with durable, sustainable construction solutions.

SD vs SMID — Head-to-Head

Bigger by revenue
SD
SD
1.7× larger
SD
$39.4M
$23.1M
SMID
Growing faster (revenue YoY)
SMID
SMID
+23.6% gap
SMID
24.7%
1.1%
SD
Higher net margin
SD
SD
45.7% more per $
SD
54.9%
9.2%
SMID
Faster 2-yr revenue CAGR
SMID
SMID
Annualised
SMID
17.4%
14.1%
SD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SD
SD
SMID
SMID
Revenue
$39.4M
$23.1M
Net Profit
$21.6M
$2.1M
Gross Margin
57.5%
Operating Margin
38.5%
37.8%
Net Margin
54.9%
9.2%
Revenue YoY
1.1%
24.7%
Net Profit YoY
23.1%
52.5%
EPS (diluted)
$0.59
$0.41

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
SD
SD
SMID
SMID
Q4 25
$39.4M
$23.1M
Q3 25
$39.8M
$21.5M
Q2 25
$34.5M
$26.2M
Q1 25
$42.6M
$22.7M
Q4 24
$39.0M
$18.5M
Q3 24
$30.1M
$23.6M
Q2 24
$26.0M
$19.6M
Q1 24
$30.3M
$16.8M
Net Profit
SD
SD
SMID
SMID
Q4 25
$21.6M
$2.1M
Q3 25
$16.0M
$2.9M
Q2 25
$19.6M
$4.2M
Q1 25
$13.0M
$3.3M
Q4 24
$17.6M
$1.4M
Q3 24
$25.5M
$3.1M
Q2 24
$8.8M
$2.0M
Q1 24
$11.1M
$1.1M
Gross Margin
SD
SD
SMID
SMID
Q4 25
57.5%
Q3 25
26.8%
Q2 25
0.0%
Q1 25
30.7%
Q4 24
51.4%
Q3 24
27.9%
Q2 24
0.0%
Q1 24
23.3%
Operating Margin
SD
SD
SMID
SMID
Q4 25
38.5%
37.8%
Q3 25
37.8%
18.0%
Q2 25
53.7%
0.0%
Q1 25
28.6%
19.3%
Q4 24
25.9%
24.5%
Q3 24
28.3%
16.3%
Q2 24
23.9%
0.0%
Q1 24
27.8%
9.0%
Net Margin
SD
SD
SMID
SMID
Q4 25
54.9%
9.2%
Q3 25
40.1%
13.4%
Q2 25
56.6%
15.9%
Q1 25
30.6%
14.7%
Q4 24
45.1%
7.5%
Q3 24
84.8%
13.4%
Q2 24
33.9%
10.1%
Q1 24
36.7%
6.8%
EPS (diluted)
SD
SD
SMID
SMID
Q4 25
$0.59
$0.41
Q3 25
$0.43
$0.54
Q2 25
$0.53
$0.79
Q1 25
$0.35
$0.62
Q4 24
$0.46
$0.28
Q3 24
$0.69
$0.59
Q2 24
$0.24
$0.37
Q1 24
$0.30
$0.21

Balance Sheet & Financial Strength

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

Metric
SD
SD
SMID
SMID
Cash + ST InvestmentsLiquidity on hand
$111.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$510.9M
$54.3M
Total Assets
$644.0M
$87.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SD
SD
SMID
SMID
Q4 25
$111.0M
Q3 25
$101.2M
Q2 25
$102.8M
Q1 25
$99.7M
Q4 24
$98.1M
Q3 24
$92.7M
Q2 24
$209.9M
Q1 24
$207.0M
Stockholders' Equity
SD
SD
SMID
SMID
Q4 25
$510.9M
$54.3M
Q3 25
$492.4M
$52.1M
Q2 25
$480.2M
$49.2M
Q1 25
$464.9M
$45.1M
Q4 24
$460.5M
$41.7M
Q3 24
$446.8M
$40.3M
Q2 24
$424.8M
$37.2M
Q1 24
$419.7M
$35.3M
Total Assets
SD
SD
SMID
SMID
Q4 25
$644.0M
$87.7M
Q3 25
$619.0M
$85.4M
Q2 25
$602.3M
$81.2K
Q1 25
$588.3M
$74.7M
Q4 24
$581.5M
$68.0M
Q3 24
$565.2M
$66.6M
Q2 24
$529.6M
$64.0M
Q1 24
$527.4M
$64.9M

Cash Flow & Capital Efficiency

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

Metric
SD
SD
SMID
SMID
Operating Cash FlowLast quarter
$31.7M
Free Cash FlowOCF − Capex
$14.4M
FCF MarginFCF / Revenue
36.6%
Capex IntensityCapex / Revenue
43.8%
Cash ConversionOCF / Net Profit
1.46×
TTM Free Cash FlowTrailing 4 quarters
$41.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SD
SD
SMID
SMID
Q4 25
$31.7M
Q3 25
$25.3M
$11.7M
Q2 25
$22.9M
Q1 25
$20.3M
$2.2M
Q4 24
$26.0M
$-645.0K
Q3 24
$20.8M
$3.9M
Q2 24
$11.4M
$2.7M
Q1 24
$15.7M
$-777.0K
Free Cash Flow
SD
SD
SMID
SMID
Q4 25
$14.4M
Q3 25
$5.9M
$6.3M
Q2 25
$7.3M
Q1 25
$13.9M
$1.6M
Q4 24
$13.2M
$-1.3M
Q3 24
$10.8M
$1.8M
Q2 24
$9.0M
$998.0K
Q1 24
$14.6M
$-2.6M
FCF Margin
SD
SD
SMID
SMID
Q4 25
36.6%
Q3 25
14.9%
29.5%
Q2 25
21.0%
Q1 25
32.7%
7.1%
Q4 24
33.8%
-7.0%
Q3 24
36.1%
7.8%
Q2 24
34.5%
5.1%
Q1 24
48.1%
-15.3%
Capex Intensity
SD
SD
SMID
SMID
Q4 25
43.8%
Q3 25
48.6%
25.1%
Q2 25
45.2%
Q1 25
15.0%
2.6%
Q4 24
32.9%
3.6%
Q3 24
33.3%
8.6%
Q2 24
9.4%
8.7%
Q1 24
3.7%
10.7%
Cash Conversion
SD
SD
SMID
SMID
Q4 25
1.46×
Q3 25
1.58×
4.07×
Q2 25
1.17×
Q1 25
1.56×
0.67×
Q4 24
1.48×
-0.46×
Q3 24
0.82×
1.23×
Q2 24
1.30×
1.37×
Q1 24
1.41×
-0.68×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SD
SD

Oil Reserves$19.0M48%
Natural Gas Reserves$11.6M30%
Natural Gas Liquids Reserves$8.7M22%

SMID
SMID

Product Sales$13.8M60%
Service Revenue$9.3M40%

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