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

SM Energy Co is the larger business by last-quarter revenue ($704.9M vs $382.8M, roughly 1.8× Gentherm Inc). On growth, Gentherm Inc posted the faster year-over-year revenue change (8.5% vs -17.3%). Over the past eight quarters, SM Energy Co's revenue compounded faster (12.2% CAGR vs 3.7%).

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

Gentherm Incorporated, formerly Amerigon, is an American thermal management technologies company. Gentherm created the first thermoelectrically heated and cooled seat system for the automotive industry. Called the "Climate Control Seat" system, it was first adopted by the Ford Motor Company and introduced as an option on the model year 2000 Lincoln Navigator in 1999. Today it is available on more than 50 vehicles sold by Ford, General Motors, Toyota (Lexus), Kia, Hyundai, Nissan (Infiniti), R...

SM vs THRM — Head-to-Head

Bigger by revenue
SM
SM
1.8× larger
SM
$704.9M
$382.8M
THRM
Growing faster (revenue YoY)
THRM
THRM
+25.7% gap
THRM
8.5%
-17.3%
SM
Faster 2-yr revenue CAGR
SM
SM
Annualised
SM
12.2%
3.7%
THRM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SM
SM
THRM
THRM
Revenue
$704.9M
$382.8M
Net Profit
$3.0M
Gross Margin
23.7%
Operating Margin
25.9%
4.6%
Net Margin
0.8%
Revenue YoY
-17.3%
8.5%
Net Profit YoY
-80.5%
EPS (diluted)
$0.94
$0.08

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
THRM
THRM
Q4 25
$704.9M
$382.8M
Q3 25
$811.6M
$386.9M
Q2 25
$792.9M
$375.1M
Q1 25
$844.5M
$353.9M
Q4 24
$852.0M
$352.9M
Q3 24
$643.6M
$371.5M
Q2 24
$634.6M
$375.7M
Q1 24
$559.9M
$356.0M
Net Profit
SM
SM
THRM
THRM
Q4 25
$3.0M
Q3 25
$155.1M
$14.9M
Q2 25
$201.7M
$477.0K
Q1 25
$182.3M
$-128.0K
Q4 24
$15.3M
Q3 24
$240.5M
$16.0M
Q2 24
$210.3M
$18.9M
Q1 24
$131.2M
$14.8M
Gross Margin
SM
SM
THRM
THRM
Q4 25
23.7%
Q3 25
24.6%
Q2 25
23.9%
Q1 25
24.4%
Q4 24
24.4%
Q3 24
25.5%
Q2 24
25.7%
Q1 24
24.9%
Operating Margin
SM
SM
THRM
THRM
Q4 25
25.9%
4.6%
Q3 25
30.4%
6.2%
Q2 25
37.2%
6.4%
Q1 25
32.7%
4.8%
Q4 24
33.7%
6.7%
Q3 24
51.4%
8.7%
Q2 24
44.0%
8.8%
Q1 24
31.9%
5.1%
Net Margin
SM
SM
THRM
THRM
Q4 25
0.8%
Q3 25
19.1%
3.9%
Q2 25
25.4%
0.1%
Q1 25
21.6%
-0.0%
Q4 24
4.3%
Q3 24
37.4%
4.3%
Q2 24
33.1%
5.0%
Q1 24
23.4%
4.2%
EPS (diluted)
SM
SM
THRM
THRM
Q4 25
$0.94
$0.08
Q3 25
$1.35
$0.49
Q2 25
$1.76
$0.02
Q1 25
$1.59
$0.00
Q4 24
$1.63
$0.48
Q3 24
$2.09
$0.51
Q2 24
$1.82
$0.60
Q1 24
$1.13
$0.47

Balance Sheet & Financial Strength

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

Metric
SM
SM
THRM
THRM
Cash + ST InvestmentsLiquidity on hand
$368.0M
$160.8M
Total DebtLower is stronger
$189.0M
Stockholders' EquityBook value
$4.8B
$720.3M
Total Assets
$9.3B
$1.4B
Debt / EquityLower = less leverage
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SM
SM
THRM
THRM
Q4 25
$368.0M
$160.8M
Q3 25
$162.3M
$154.3M
Q2 25
$101.9M
$128.3M
Q1 25
$54.0K
$163.1M
Q4 24
$134.1M
Q3 24
$1.7B
$150.6M
Q2 24
$487.9M
$123.5M
Q1 24
$506.3M
$125.1M
Total Debt
SM
SM
THRM
THRM
Q4 25
$189.0M
Q3 25
$189.0M
Q2 25
$209.0M
Q1 25
$262.0M
Q4 24
$220.1M
Q3 24
$222.1M
Q2 24
$222.1M
Q1 24
$222.2M
Stockholders' Equity
SM
SM
THRM
THRM
Q4 25
$4.8B
$720.3M
Q3 25
$4.7B
$717.9M
Q2 25
$4.6B
$699.7M
Q1 25
$4.4B
$646.5M
Q4 24
$4.2B
$616.9M
Q3 24
$4.1B
$660.7M
Q2 24
$3.8B
$640.3M
Q1 24
$3.7B
$647.1M
Total Assets
SM
SM
THRM
THRM
Q4 25
$9.3B
$1.4B
Q3 25
$9.1B
$1.4B
Q2 25
$9.0B
$1.4B
Q1 25
$8.8B
$1.3B
Q4 24
$8.6B
$1.2B
Q3 24
$8.0B
$1.3B
Q2 24
$6.7B
$1.2B
Q1 24
$6.4B
$1.3B
Debt / Equity
SM
SM
THRM
THRM
Q4 25
0.26×
Q3 25
0.26×
Q2 25
0.30×
Q1 25
0.41×
Q4 24
0.36×
Q3 24
0.34×
Q2 24
0.35×
Q1 24
0.34×

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
THRM
THRM
Operating Cash FlowLast quarter
$451.9M
$29.0M
Free Cash FlowOCF − Capex
$6.7M
FCF MarginFCF / Revenue
1.7%
Capex IntensityCapex / Revenue
5.8%
Cash ConversionOCF / Net Profit
9.70×
TTM Free Cash FlowTrailing 4 quarters
$61.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SM
SM
THRM
THRM
Q4 25
$451.9M
$29.0M
Q3 25
$505.0M
$56.1M
Q2 25
$571.1M
$45.0M
Q1 25
$483.0M
$-13.3M
Q4 24
$578.4M
$36.6M
Q3 24
$452.3M
$46.3M
Q2 24
$476.4M
$37.1M
Q1 24
$276.0M
$-10.3M
Free Cash Flow
SM
SM
THRM
THRM
Q4 25
$6.7M
Q3 25
$46.5M
Q2 25
$36.2M
Q1 25
$-28.2M
Q4 24
$13.6M
Q3 24
$26.6M
Q2 24
$17.8M
Q1 24
$-21.6M
FCF Margin
SM
SM
THRM
THRM
Q4 25
1.7%
Q3 25
12.0%
Q2 25
9.6%
Q1 25
-8.0%
Q4 24
3.9%
Q3 24
7.2%
Q2 24
4.7%
Q1 24
-6.1%
Capex Intensity
SM
SM
THRM
THRM
Q4 25
5.8%
Q3 25
2.5%
Q2 25
2.4%
Q1 25
4.2%
Q4 24
6.5%
Q3 24
5.3%
Q2 24
5.2%
Q1 24
3.2%
Cash Conversion
SM
SM
THRM
THRM
Q4 25
9.70×
Q3 25
3.26×
3.75×
Q2 25
2.83×
94.43×
Q1 25
2.65×
Q4 24
2.39×
Q3 24
1.88×
2.90×
Q2 24
2.27×
1.97×
Q1 24
2.10×
-0.70×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SM
SM

Segment breakdown not available.

THRM
THRM

Climate Control Seats$200.9M52%
Lumbar And Massage Comfort Solutions$58.5M15%
Climate Control Interiors$50.3M13%
Other Automotive$27.6M7%
Valve Systems$24.1M6%
Medical Segments$13.9M4%
Climate And Comfort Electronics$7.4M2%

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