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Side-by-side financial comparison of SM Energy Co (SM) and StubHub Holdings, Inc. (STUB). Click either name above to swap in a different company.

SM Energy Co is the larger business by last-quarter revenue ($704.9M vs $468.1M, roughly 1.5× StubHub Holdings, Inc.). On growth, StubHub Holdings, Inc. posted the faster year-over-year revenue change (7.9% vs -17.3%).

SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.

StubHub Holdings operates a leading global online ticket marketplace for live entertainment events. It facilitates secure resale and direct purchase of tickets for concerts, sports matches, theater performances and other live experiences, serving consumers, event organizers and sellers across North America, Europe and Asia-Pacific.

SM vs STUB — Head-to-Head

Bigger by revenue
SM
SM
1.5× larger
SM
$704.9M
$468.1M
STUB
Growing faster (revenue YoY)
STUB
STUB
+25.2% gap
STUB
7.9%
-17.3%
SM

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
SM
SM
STUB
STUB
Revenue
$704.9M
$468.1M
Net Profit
$-1.3B
Gross Margin
Operating Margin
25.9%
-292.3%
Net Margin
-276.6%
Revenue YoY
-17.3%
7.9%
Net Profit YoY
-3821.6%
EPS (diluted)
$0.94
$-4.27

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
SM
SM
STUB
STUB
Q4 25
$704.9M
Q3 25
$811.6M
$468.1M
Q2 25
$792.9M
Q1 25
$844.5M
Q4 24
$852.0M
Q3 24
$643.6M
$433.8M
Q2 24
$634.6M
Q1 24
$559.9M
Net Profit
SM
SM
STUB
STUB
Q4 25
Q3 25
$155.1M
$-1.3B
Q2 25
$201.7M
Q1 25
$182.3M
Q4 24
Q3 24
$240.5M
$-33.0M
Q2 24
$210.3M
Q1 24
$131.2M
Operating Margin
SM
SM
STUB
STUB
Q4 25
25.9%
Q3 25
30.4%
-292.3%
Q2 25
37.2%
Q1 25
32.7%
Q4 24
33.7%
Q3 24
51.4%
2.8%
Q2 24
44.0%
Q1 24
31.9%
Net Margin
SM
SM
STUB
STUB
Q4 25
Q3 25
19.1%
-276.6%
Q2 25
25.4%
Q1 25
21.6%
Q4 24
Q3 24
37.4%
-7.6%
Q2 24
33.1%
Q1 24
23.4%
EPS (diluted)
SM
SM
STUB
STUB
Q4 25
$0.94
Q3 25
$1.35
$-4.27
Q2 25
$1.76
Q1 25
$1.59
Q4 24
$1.63
Q3 24
$2.09
$-0.15
Q2 24
$1.82
Q1 24
$1.13

Balance Sheet & Financial Strength

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

Metric
SM
SM
STUB
STUB
Cash + ST InvestmentsLiquidity on hand
$368.0M
$1.4B
Total DebtLower is stronger
$1.7B
Stockholders' EquityBook value
$4.8B
$1.7B
Total Assets
$9.3B
$5.6B
Debt / EquityLower = less leverage
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SM
SM
STUB
STUB
Q4 25
$368.0M
Q3 25
$162.3M
$1.4B
Q2 25
$101.9M
Q1 25
$54.0K
Q4 24
Q3 24
$1.7B
$1.1B
Q2 24
$487.9M
Q1 24
$506.3M
Total Debt
SM
SM
STUB
STUB
Q4 25
Q3 25
$1.7B
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
SM
SM
STUB
STUB
Q4 25
$4.8B
Q3 25
$4.7B
$1.7B
Q2 25
$4.6B
Q1 25
$4.4B
Q4 24
$4.2B
Q3 24
$4.1B
$815.9M
Q2 24
$3.8B
Q1 24
$3.7B
Total Assets
SM
SM
STUB
STUB
Q4 25
$9.3B
Q3 25
$9.1B
$5.6B
Q2 25
$9.0B
Q1 25
$8.8B
Q4 24
$8.6B
Q3 24
$8.0B
Q2 24
$6.7B
Q1 24
$6.4B
Debt / Equity
SM
SM
STUB
STUB
Q4 25
Q3 25
0.98×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
SM
SM
STUB
STUB
Operating Cash FlowLast quarter
$451.9M
$181.4M
Free Cash FlowOCF − Capex
$180.3M
FCF MarginFCF / Revenue
38.5%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SM
SM
STUB
STUB
Q4 25
$451.9M
Q3 25
$505.0M
$181.4M
Q2 25
$571.1M
Q1 25
$483.0M
Q4 24
$578.4M
Q3 24
$452.3M
Q2 24
$476.4M
Q1 24
$276.0M
Free Cash Flow
SM
SM
STUB
STUB
Q4 25
Q3 25
$180.3M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
SM
SM
STUB
STUB
Q4 25
Q3 25
38.5%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
SM
SM
STUB
STUB
Q4 25
Q3 25
0.2%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
SM
SM
STUB
STUB
Q4 25
Q3 25
3.26×
Q2 25
2.83×
Q1 25
2.65×
Q4 24
Q3 24
1.88×
Q2 24
2.27×
Q1 24
2.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SM
SM

Segment breakdown not available.

STUB
STUB

Transaction Fees$453.4M97%
Other$14.7M3%

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