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Side-by-side financial comparison of SM Energy Co (SM) and TRINET GROUP, INC. (TNET). Click either name above to swap in a different company.

TRINET GROUP, INC. is the larger business by last-quarter revenue ($1.2B vs $704.9M, roughly 1.8× SM Energy Co). On growth, TRINET GROUP, INC. posted the faster year-over-year revenue change (-2.2% vs -17.3%). Over the past eight quarters, SM Energy Co's revenue compounded faster (12.2% CAGR vs -0.6%).

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

TriNet Group, Inc. is a professional employer organization for small and medium-sized businesses. TriNet administers payroll and health benefits and advises clients on employment law compliance and risk reduction, acting in some cases as an outsourced human resources department. TriNet is headquartered in Dublin, California. TriNet partners with organizations between 3 and 2,500 employees.

SM vs TNET — Head-to-Head

Bigger by revenue
TNET
TNET
1.8× larger
TNET
$1.2B
$704.9M
SM
Growing faster (revenue YoY)
TNET
TNET
+15.1% gap
TNET
-2.2%
-17.3%
SM
Faster 2-yr revenue CAGR
SM
SM
Annualised
SM
12.2%
-0.6%
TNET

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SM
SM
TNET
TNET
Revenue
$704.9M
$1.2B
Net Profit
Gross Margin
Operating Margin
25.9%
0.1%
Net Margin
Revenue YoY
-17.3%
-2.2%
Net Profit YoY
EPS (diluted)
$0.94
$0.02

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
TNET
TNET
Q4 25
$704.9M
$1.2B
Q3 25
$811.6M
$1.2B
Q2 25
$792.9M
$1.2B
Q1 25
$844.5M
$1.3B
Q4 24
$852.0M
$1.3B
Q3 24
$643.6M
$1.2B
Q2 24
$634.6M
$1.2B
Q1 24
$559.9M
$1.3B
Net Profit
SM
SM
TNET
TNET
Q4 25
Q3 25
$155.1M
$34.0M
Q2 25
$201.7M
$37.0M
Q1 25
$182.3M
$85.0M
Q4 24
Q3 24
$240.5M
$45.0M
Q2 24
$210.3M
$60.0M
Q1 24
$131.2M
$91.0M
Operating Margin
SM
SM
TNET
TNET
Q4 25
25.9%
0.1%
Q3 25
30.4%
4.1%
Q2 25
37.2%
4.1%
Q1 25
32.7%
8.9%
Q4 24
33.7%
-2.9%
Q3 24
51.4%
4.7%
Q2 24
44.0%
6.5%
Q1 24
31.9%
9.7%
Net Margin
SM
SM
TNET
TNET
Q4 25
Q3 25
19.1%
2.8%
Q2 25
25.4%
3.0%
Q1 25
21.6%
6.6%
Q4 24
Q3 24
37.4%
3.6%
Q2 24
33.1%
4.9%
Q1 24
23.4%
7.2%
EPS (diluted)
SM
SM
TNET
TNET
Q4 25
$0.94
$0.02
Q3 25
$1.35
$0.70
Q2 25
$1.76
$0.77
Q1 25
$1.59
$1.71
Q4 24
$1.63
$-0.44
Q3 24
$2.09
$0.89
Q2 24
$1.82
$1.20
Q1 24
$1.13
$1.78

Balance Sheet & Financial Strength

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

Metric
SM
SM
TNET
TNET
Cash + ST InvestmentsLiquidity on hand
$368.0M
$287.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.8B
$54.0M
Total Assets
$9.3B
$3.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SM
SM
TNET
TNET
Q4 25
$368.0M
$287.0M
Q3 25
$162.3M
$321.0M
Q2 25
$101.9M
$407.0M
Q1 25
$54.0K
$349.0M
Q4 24
$360.0M
Q3 24
$1.7B
$301.0M
Q2 24
$487.9M
$249.0M
Q1 24
$506.3M
$383.0M
Stockholders' Equity
SM
SM
TNET
TNET
Q4 25
$4.8B
$54.0M
Q3 25
$4.7B
$110.0M
Q2 25
$4.6B
$107.0M
Q1 25
$4.4B
$63.0M
Q4 24
$4.2B
$69.0M
Q3 24
$4.1B
$129.0M
Q2 24
$3.8B
$100.0M
Q1 24
$3.7B
$143.0M
Total Assets
SM
SM
TNET
TNET
Q4 25
$9.3B
$3.8B
Q3 25
$9.1B
$3.4B
Q2 25
$9.0B
$3.7B
Q1 25
$8.8B
$3.8B
Q4 24
$8.6B
$4.1B
Q3 24
$8.0B
$3.7B
Q2 24
$6.7B
$3.7B
Q1 24
$6.4B
$4.0B

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
TNET
TNET
Operating Cash FlowLast quarter
$451.9M
$61.0M
Free Cash FlowOCF − Capex
$43.0M
FCF MarginFCF / Revenue
3.4%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$234.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SM
SM
TNET
TNET
Q4 25
$451.9M
$61.0M
Q3 25
$505.0M
$72.0M
Q2 25
$571.1M
$75.0M
Q1 25
$483.0M
$95.0M
Q4 24
$578.4M
$65.0M
Q3 24
$452.3M
$84.0M
Q2 24
$476.4M
$39.0M
Q1 24
$276.0M
$91.0M
Free Cash Flow
SM
SM
TNET
TNET
Q4 25
$43.0M
Q3 25
$55.0M
Q2 25
$57.0M
Q1 25
$79.0M
Q4 24
$47.0M
Q3 24
$59.0M
Q2 24
$22.0M
Q1 24
$73.0M
FCF Margin
SM
SM
TNET
TNET
Q4 25
3.4%
Q3 25
4.5%
Q2 25
4.6%
Q1 25
6.1%
Q4 24
3.7%
Q3 24
4.8%
Q2 24
1.8%
Q1 24
5.8%
Capex Intensity
SM
SM
TNET
TNET
Q4 25
1.4%
Q3 25
1.4%
Q2 25
1.5%
Q1 25
1.2%
Q4 24
1.4%
Q3 24
2.0%
Q2 24
1.4%
Q1 24
1.4%
Cash Conversion
SM
SM
TNET
TNET
Q4 25
Q3 25
3.26×
2.12×
Q2 25
2.83×
2.03×
Q1 25
2.65×
1.12×
Q4 24
Q3 24
1.88×
1.87×
Q2 24
2.27×
0.65×
Q1 24
2.10×
1.00×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SM
SM

Segment breakdown not available.

TNET
TNET

Insurance Services$1.1B85%
Professional Services$169.0M14%

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