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

SM Energy Co is the larger business by last-quarter revenue ($704.9M vs $503.1M, roughly 1.4× Unity Software Inc.). On growth, Unity Software Inc. posted the faster year-over-year revenue change (10.1% vs -17.3%). Over the past eight quarters, SM Energy Co's revenue compounded faster (12.2% CAGR vs 4.5%).

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

Unity Software Inc. is an American video game software development company based in San Francisco. It was founded in Denmark in 2004 as Over the Edge Entertainment and changed its name in 2007. Unity Technologies is best known for the development of Unity, a licensed game engine used to create video games and other applications.

SM vs U — Head-to-Head

Bigger by revenue
SM
SM
1.4× larger
SM
$704.9M
$503.1M
U
Growing faster (revenue YoY)
U
U
+27.3% gap
U
10.1%
-17.3%
SM
Faster 2-yr revenue CAGR
SM
SM
Annualised
SM
12.2%
4.5%
U

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SM
SM
U
U
Revenue
$704.9M
$503.1M
Net Profit
$-90.0M
Gross Margin
74.3%
Operating Margin
25.9%
-21.2%
Net Margin
-17.9%
Revenue YoY
-17.3%
10.1%
Net Profit YoY
26.7%
EPS (diluted)
$0.94
$-0.21

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
U
U
Q4 25
$704.9M
$503.1M
Q3 25
$811.6M
$470.6M
Q2 25
$792.9M
$440.9M
Q1 25
$844.5M
$435.0M
Q4 24
$852.0M
$457.1M
Q3 24
$643.6M
$446.5M
Q2 24
$634.6M
$449.3M
Q1 24
$559.9M
$460.4M
Net Profit
SM
SM
U
U
Q4 25
$-90.0M
Q3 25
$155.1M
$-126.4M
Q2 25
$201.7M
$-108.8M
Q1 25
$182.3M
$-77.6M
Q4 24
$-122.7M
Q3 24
$240.5M
$-124.7M
Q2 24
$210.3M
$-125.6M
Q1 24
$131.2M
$-291.1M
Gross Margin
SM
SM
U
U
Q4 25
74.3%
Q3 25
74.4%
Q2 25
74.1%
Q1 25
73.8%
Q4 24
74.7%
Q3 24
74.9%
Q2 24
75.8%
Q1 24
68.6%
Operating Margin
SM
SM
U
U
Q4 25
25.9%
-21.2%
Q3 25
30.4%
-26.7%
Q2 25
37.2%
-26.9%
Q1 25
32.7%
-29.4%
Q4 24
33.7%
-27.1%
Q3 24
51.4%
-28.5%
Q2 24
44.0%
-28.8%
Q1 24
31.9%
-81.4%
Net Margin
SM
SM
U
U
Q4 25
-17.9%
Q3 25
19.1%
-26.9%
Q2 25
25.4%
-24.7%
Q1 25
21.6%
-17.8%
Q4 24
-26.8%
Q3 24
37.4%
-27.9%
Q2 24
33.1%
-28.0%
Q1 24
23.4%
-63.2%
EPS (diluted)
SM
SM
U
U
Q4 25
$0.94
$-0.21
Q3 25
$1.35
$-0.30
Q2 25
$1.76
$-0.26
Q1 25
$1.59
$-0.19
Q4 24
$1.63
$-0.30
Q3 24
$2.09
$-0.31
Q2 24
$1.82
$-0.32
Q1 24
$1.13
$-0.75

Balance Sheet & Financial Strength

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

Metric
SM
SM
U
U
Cash + ST InvestmentsLiquidity on hand
$368.0M
$2.1B
Total DebtLower is stronger
Stockholders' EquityBook value
$4.8B
$3.2B
Total Assets
$9.3B
$6.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SM
SM
U
U
Q4 25
$368.0M
$2.1B
Q3 25
$162.3M
$1.9B
Q2 25
$101.9M
$1.7B
Q1 25
$54.0K
$1.5B
Q4 24
$1.5B
Q3 24
$1.7B
$1.4B
Q2 24
$487.9M
$1.3B
Q1 24
$506.3M
$1.2B
Stockholders' Equity
SM
SM
U
U
Q4 25
$4.8B
$3.2B
Q3 25
$4.7B
$3.2B
Q2 25
$4.6B
$3.2B
Q1 25
$4.4B
$3.2B
Q4 24
$4.2B
$3.2B
Q3 24
$4.1B
$3.2B
Q2 24
$3.8B
$3.2B
Q1 24
$3.7B
$3.2B
Total Assets
SM
SM
U
U
Q4 25
$9.3B
$6.8B
Q3 25
$9.1B
$6.8B
Q2 25
$9.0B
$6.7B
Q1 25
$8.8B
$6.6B
Q4 24
$8.6B
$6.7B
Q3 24
$8.0B
$6.7B
Q2 24
$6.7B
$6.7B
Q1 24
$6.4B
$6.8B

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
U
U
Operating Cash FlowLast quarter
$451.9M
$121.4M
Free Cash FlowOCF − Capex
$118.7M
FCF MarginFCF / Revenue
23.6%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$403.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SM
SM
U
U
Q4 25
$451.9M
$121.4M
Q3 25
$505.0M
$155.4M
Q2 25
$571.1M
$133.1M
Q1 25
$483.0M
$13.0M
Q4 24
$578.4M
$112.2M
Q3 24
$452.3M
$122.4M
Q2 24
$476.4M
$88.4M
Q1 24
$276.0M
$-7.4M
Free Cash Flow
SM
SM
U
U
Q4 25
$118.7M
Q3 25
$151.3M
Q2 25
$126.7M
Q1 25
$7.3M
Q4 24
$105.8M
Q3 24
$115.2M
Q2 24
$79.6M
Q1 24
$-14.6M
FCF Margin
SM
SM
U
U
Q4 25
23.6%
Q3 25
32.1%
Q2 25
28.7%
Q1 25
1.7%
Q4 24
23.1%
Q3 24
25.8%
Q2 24
17.7%
Q1 24
-3.2%
Capex Intensity
SM
SM
U
U
Q4 25
0.5%
Q3 25
0.9%
Q2 25
1.5%
Q1 25
1.3%
Q4 24
1.4%
Q3 24
1.6%
Q2 24
2.0%
Q1 24
1.6%
Cash Conversion
SM
SM
U
U
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.

U
U

Grow Solutions$338.2M67%
Create Solutions$164.9M33%

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