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Side-by-side financial comparison of SANDRIDGE ENERGY INC (SD) and TPG RE Finance Trust, Inc. (TRTX). Click either name above to swap in a different company.
SANDRIDGE ENERGY INC is the larger business by last-quarter revenue ($39.4M vs $35.0M, roughly 1.1× TPG RE Finance Trust, Inc.). SANDRIDGE ENERGY INC runs the higher net margin — 54.9% vs 15.6%, a 39.3% gap on every dollar of revenue. On growth, SANDRIDGE ENERGY INC posted the faster year-over-year revenue change (1.1% vs 0.9%). Over the past eight quarters, SANDRIDGE ENERGY INC's revenue compounded faster (14.1% CAGR vs -5.1%).
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.
TPG RE Finance Trust, Inc. is a commercial real estate finance firm primarily operating in the United States. It originates, underwrites and manages a portfolio of senior commercial mortgage loans and other real estate-linked debt instruments, serving commercial property owners and investors across multifamily, industrial, office and retail property segments.
SD vs TRTX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $39.4M | $35.0M |
| Net Profit | $21.6M | $4.0M |
| Gross Margin | — | — |
| Operating Margin | 38.5% | 11.6% |
| Net Margin | 54.9% | 15.6% |
| Revenue YoY | 1.1% | 0.9% |
| Net Profit YoY | 23.1% | -62.8% |
| EPS (diluted) | $0.59 | $0.01 |
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 | $39.4M | $35.0M | ||
| Q3 25 | $39.8M | $37.8M | ||
| Q2 25 | $34.5M | $36.2M | ||
| Q1 25 | $42.6M | $37.0M | ||
| Q4 24 | $39.0M | $34.7M | ||
| Q3 24 | $30.1M | $40.1M | ||
| Q2 24 | $26.0M | $39.3M | ||
| Q1 24 | $30.3M | $38.9M |
| Q4 25 | $21.6M | $4.0M | ||
| Q3 25 | $16.0M | $22.0M | ||
| Q2 25 | $19.6M | $20.6M | ||
| Q1 25 | $13.0M | $13.7M | ||
| Q4 24 | $17.6M | $10.7M | ||
| Q3 24 | $25.5M | $22.2M | ||
| Q2 24 | $8.8M | $24.7M | ||
| Q1 24 | $11.1M | $16.7M |
| Q4 25 | 38.5% | 11.6% | ||
| Q3 25 | 37.8% | 58.4% | ||
| Q2 25 | 53.7% | 57.3% | ||
| Q1 25 | 28.6% | 37.2% | ||
| Q4 24 | 25.9% | 30.3% | ||
| Q3 24 | 28.3% | 55.4% | ||
| Q2 24 | 23.9% | 63.1% | ||
| Q1 24 | 27.8% | 44.0% |
| Q4 25 | 54.9% | 15.6% | ||
| Q3 25 | 40.1% | 58.1% | ||
| Q2 25 | 56.6% | 57.0% | ||
| Q1 25 | 30.6% | 37.0% | ||
| Q4 24 | 45.1% | 43.3% | ||
| Q3 24 | 84.8% | 55.3% | ||
| Q2 24 | 33.9% | 62.9% | ||
| Q1 24 | 36.7% | 43.0% |
| Q4 25 | $0.59 | $0.01 | ||
| Q3 25 | $0.43 | $0.23 | ||
| Q2 25 | $0.53 | $0.21 | ||
| Q1 25 | $0.35 | $0.12 | ||
| Q4 24 | $0.46 | $0.09 | ||
| Q3 24 | $0.69 | $0.23 | ||
| Q2 24 | $0.24 | $0.26 | ||
| Q1 24 | $0.30 | $0.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $111.0M | $87.6M |
| Total DebtLower is stronger | — | $3.3B |
| Stockholders' EquityBook value | $510.9M | $1.1B |
| Total Assets | $644.0M | $4.4B |
| Debt / EquityLower = less leverage | — | 3.10× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $111.0M | $87.6M | ||
| Q3 25 | $101.2M | $93.6M | ||
| Q2 25 | $102.8M | $165.8M | ||
| Q1 25 | $99.7M | $363.0M | ||
| Q4 24 | $98.1M | $190.2M | ||
| Q3 24 | $92.7M | $226.3M | ||
| Q2 24 | $209.9M | $259.2M | ||
| Q1 24 | $207.0M | $203.1M |
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.5B | ||
| Q2 24 | — | $2.5B | ||
| Q1 24 | — | $2.7B |
| Q4 25 | $510.9M | $1.1B | ||
| Q3 25 | $492.4M | $1.1B | ||
| Q2 25 | $480.2M | $1.1B | ||
| Q1 25 | $464.9M | $1.1B | ||
| Q4 24 | $460.5M | $1.1B | ||
| Q3 24 | $446.8M | $1.1B | ||
| Q2 24 | $424.8M | $1.1B | ||
| Q1 24 | $419.7M | $1.1B |
| Q4 25 | $644.0M | $4.4B | ||
| Q3 25 | $619.0M | $4.1B | ||
| Q2 25 | $602.3M | $4.2B | ||
| Q1 25 | $588.3M | $4.0B | ||
| Q4 24 | $581.5M | $3.7B | ||
| Q3 24 | $565.2M | $3.7B | ||
| Q2 24 | $529.6M | $3.7B | ||
| Q1 24 | $527.4M | $3.8B |
| Q4 25 | — | 3.10× | ||
| Q3 25 | — | 2.72× | ||
| Q2 25 | — | 2.78× | ||
| Q1 25 | — | 2.56× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | — | 2.22× | ||
| Q2 24 | — | 2.25× | ||
| Q1 24 | — | 2.38× |
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 | $31.7M | $90.4M |
| Free Cash FlowOCF − Capex | $14.4M | — |
| FCF MarginFCF / Revenue | 36.6% | — |
| Capex IntensityCapex / Revenue | 43.8% | — |
| Cash ConversionOCF / Net Profit | 1.46× | 22.73× |
| TTM Free Cash FlowTrailing 4 quarters | $41.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.7M | $90.4M | ||
| Q3 25 | $25.3M | $21.8M | ||
| Q2 25 | $22.9M | $24.7M | ||
| Q1 25 | $20.3M | $19.1M | ||
| Q4 24 | $26.0M | $112.1M | ||
| Q3 24 | $20.8M | $23.7M | ||
| Q2 24 | $11.4M | $25.6M | ||
| Q1 24 | $15.7M | $37.4M |
| Q4 25 | $14.4M | — | ||
| Q3 25 | $5.9M | — | ||
| Q2 25 | $7.3M | — | ||
| Q1 25 | $13.9M | — | ||
| Q4 24 | $13.2M | — | ||
| Q3 24 | $10.8M | — | ||
| Q2 24 | $9.0M | — | ||
| Q1 24 | $14.6M | — |
| Q4 25 | 36.6% | — | ||
| Q3 25 | 14.9% | — | ||
| Q2 25 | 21.0% | — | ||
| Q1 25 | 32.7% | — | ||
| Q4 24 | 33.8% | — | ||
| Q3 24 | 36.1% | — | ||
| Q2 24 | 34.5% | — | ||
| Q1 24 | 48.1% | — |
| Q4 25 | 43.8% | — | ||
| Q3 25 | 48.6% | — | ||
| Q2 25 | 45.2% | — | ||
| Q1 25 | 15.0% | — | ||
| Q4 24 | 32.9% | — | ||
| Q3 24 | 33.3% | — | ||
| Q2 24 | 9.4% | — | ||
| Q1 24 | 3.7% | — |
| Q4 25 | 1.46× | 22.73× | ||
| Q3 25 | 1.58× | 0.99× | ||
| Q2 25 | 1.17× | 1.20× | ||
| Q1 25 | 1.56× | 1.39× | ||
| Q4 24 | 1.48× | 10.50× | ||
| Q3 24 | 0.82× | 1.07× | ||
| Q2 24 | 1.30× | 1.03× | ||
| Q1 24 | 1.41× | 2.23× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SD
| Oil Reserves | $19.0M | 48% |
| Natural Gas Reserves | $11.6M | 30% |
| Natural Gas Liquids Reserves | $8.7M | 22% |
TRTX
Segment breakdown not available.
