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Side-by-side financial comparison of SANDRIDGE ENERGY INC (SD) and TRX GOLD Corp (TRX). Click either name above to swap in a different company.

SANDRIDGE ENERGY INC is the larger business by last-quarter revenue ($39.4M vs $25.1M, roughly 1.6× TRX GOLD Corp). SANDRIDGE ENERGY INC runs the higher net margin — 54.9% vs -2.0%, a 56.9% gap on every dollar of revenue. On growth, TRX GOLD Corp posted the faster year-over-year revenue change (100.5% vs 1.1%). Over the past eight quarters, TRX GOLD Corp's revenue compounded faster (64.2% 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.

TRX Gold Corp is a mineral exploration and development firm primarily engaged in the identification, evaluation, and development of gold resource assets. It conducts most of its operations in East Africa, with core project holdings in Tanzania, targeting high-grade deposits to deliver sustainable production and stakeholder value.

SD vs TRX — Head-to-Head

Bigger by revenue
SD
SD
1.6× larger
SD
$39.4M
$25.1M
TRX
Growing faster (revenue YoY)
TRX
TRX
+99.4% gap
TRX
100.5%
1.1%
SD
Higher net margin
SD
SD
56.9% more per $
SD
54.9%
-2.0%
TRX
Faster 2-yr revenue CAGR
TRX
TRX
Annualised
TRX
64.2%
14.1%
SD

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
SD
SD
TRX
TRX
Revenue
$39.4M
$25.1M
Net Profit
$21.6M
$-496.0K
Gross Margin
56.6%
Operating Margin
38.5%
Net Margin
54.9%
-2.0%
Revenue YoY
1.1%
100.5%
Net Profit YoY
23.1%
-123.2%
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.

Revenue
SD
SD
TRX
TRX
Q4 25
$39.4M
$25.1M
Q3 25
$39.8M
Q2 25
$34.5M
$12.5M
Q1 25
$42.6M
$9.1M
Q4 24
$39.0M
$12.5M
Q3 24
$30.1M
Q2 24
$26.0M
$10.1M
Q1 24
$30.3M
$8.0M
Net Profit
SD
SD
TRX
TRX
Q4 25
$21.6M
$-496.0K
Q3 25
$16.0M
Q2 25
$19.6M
$1.1M
Q1 25
$13.0M
$-1.9M
Q4 24
$17.6M
$2.1M
Q3 24
$25.5M
Q2 24
$8.8M
$-1.7M
Q1 24
$11.1M
$1.9M
Gross Margin
SD
SD
TRX
TRX
Q4 25
56.6%
Q3 25
Q2 25
35.1%
Q1 25
23.5%
Q4 24
38.6%
Q3 24
Q2 24
42.9%
Q1 24
41.0%
Operating Margin
SD
SD
TRX
TRX
Q4 25
38.5%
Q3 25
37.8%
Q2 25
53.7%
Q1 25
28.6%
Q4 24
25.9%
Q3 24
28.3%
Q2 24
23.9%
Q1 24
27.8%
Net Margin
SD
SD
TRX
TRX
Q4 25
54.9%
-2.0%
Q3 25
40.1%
Q2 25
56.6%
8.9%
Q1 25
30.6%
-21.3%
Q4 24
45.1%
17.1%
Q3 24
84.8%
Q2 24
33.9%
-16.3%
Q1 24
36.7%
24.1%
EPS (diluted)
SD
SD
TRX
TRX
Q4 25
$0.59
$-0.01
Q3 25
$0.43
Q2 25
$0.53
$0.00
Q1 25
$0.35
$-0.01
Q4 24
$0.46
$0.00
Q3 24
$0.69
Q2 24
$0.24
$-0.01
Q1 24
$0.30
$0.00

Balance Sheet & Financial Strength

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

Metric
SD
SD
TRX
TRX
Cash + ST InvestmentsLiquidity on hand
$111.0M
$9.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$510.9M
$74.5M
Total Assets
$644.0M
$129.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SD
SD
TRX
TRX
Q4 25
$111.0M
$9.2M
Q3 25
$101.2M
Q2 25
$102.8M
$3.6M
Q1 25
$99.7M
$6.0M
Q4 24
$98.1M
$6.8M
Q3 24
$92.7M
Q2 24
$209.9M
$7.7M
Q1 24
$207.0M
$8.0M
Stockholders' Equity
SD
SD
TRX
TRX
Q4 25
$510.9M
$74.5M
Q3 25
$492.4M
Q2 25
$480.2M
$69.0M
Q1 25
$464.9M
$67.5M
Q4 24
$460.5M
$68.4M
Q3 24
$446.8M
Q2 24
$424.8M
$62.5M
Q1 24
$419.7M
$63.9M
Total Assets
SD
SD
TRX
TRX
Q4 25
$644.0M
$129.6M
Q3 25
$619.0M
Q2 25
$602.3M
$112.3M
Q1 25
$588.3M
$106.7M
Q4 24
$581.5M
$102.6M
Q3 24
$565.2M
Q2 24
$529.6M
$92.6M
Q1 24
$527.4M
$88.2M

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
TRX
TRX
Operating Cash FlowLast quarter
$31.7M
$4.0M
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
TRX
TRX
Q4 25
$31.7M
$4.0M
Q3 25
$25.3M
Q2 25
$22.9M
$3.4M
Q1 25
$20.3M
$2.0M
Q4 24
$26.0M
$2.4M
Q3 24
$20.8M
Q2 24
$11.4M
$3.1M
Q1 24
$15.7M
$1.0M
Free Cash Flow
SD
SD
TRX
TRX
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
FCF Margin
SD
SD
TRX
TRX
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%
Capex Intensity
SD
SD
TRX
TRX
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%
Cash Conversion
SD
SD
TRX
TRX
Q4 25
1.46×
Q3 25
1.58×
Q2 25
1.17×
3.10×
Q1 25
1.56×
Q4 24
1.48×
1.11×
Q3 24
0.82×
Q2 24
1.30×
Q1 24
1.41×
0.54×

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%

TRX
TRX

Segment breakdown not available.

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