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

Uniti Group Inc. is the larger business by last-quarter revenue ($722.6M vs $704.9M, roughly 1.0× SM Energy Co).

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

Uniti was an electric vehicle prototype by Uniti Sweden, a Swedish automotive startup. The company was founded in January 2016 by a team of students and engineers under CEO Lewis Horne which aimed at developing an electric microcar in Lund, Sweden. It filed for bankruptcy in April 2022. No products were ever delivered to customers.

SM vs UNIT — Head-to-Head

Bigger by revenue
UNIT
UNIT
1.0× larger
UNIT
$722.6M
$704.9M
SM

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
SM
SM
UNIT
UNIT
Revenue
$704.9M
$722.6M
Net Profit
$1.6B
Gross Margin
Operating Margin
25.9%
-5.9%
Net Margin
222.7%
Revenue YoY
-17.3%
Net Profit YoY
EPS (diluted)
$0.94
$4.92

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
UNIT
UNIT
Q4 25
$704.9M
Q3 25
$811.6M
$722.6M
Q2 25
$792.9M
Q1 25
$844.5M
Q4 24
$852.0M
Q3 24
$643.6M
Q2 24
$634.6M
Q1 24
$559.9M
Net Profit
SM
SM
UNIT
UNIT
Q4 25
Q3 25
$155.1M
$1.6B
Q2 25
$201.7M
Q1 25
$182.3M
Q4 24
Q3 24
$240.5M
Q2 24
$210.3M
Q1 24
$131.2M
Operating Margin
SM
SM
UNIT
UNIT
Q4 25
25.9%
Q3 25
30.4%
-5.9%
Q2 25
37.2%
Q1 25
32.7%
Q4 24
33.7%
Q3 24
51.4%
Q2 24
44.0%
Q1 24
31.9%
Net Margin
SM
SM
UNIT
UNIT
Q4 25
Q3 25
19.1%
222.7%
Q2 25
25.4%
Q1 25
21.6%
Q4 24
Q3 24
37.4%
Q2 24
33.1%
Q1 24
23.4%
EPS (diluted)
SM
SM
UNIT
UNIT
Q4 25
$0.94
Q3 25
$1.35
$4.92
Q2 25
$1.76
Q1 25
$1.59
Q4 24
$1.63
Q3 24
$2.09
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
UNIT
UNIT
Cash + ST InvestmentsLiquidity on hand
$368.0M
$158.0M
Total DebtLower is stronger
$9.3B
Stockholders' EquityBook value
$4.8B
$680.7M
Total Assets
$9.3B
$12.1B
Debt / EquityLower = less leverage
13.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SM
SM
UNIT
UNIT
Q4 25
$368.0M
Q3 25
$162.3M
$158.0M
Q2 25
$101.9M
Q1 25
$54.0K
Q4 24
Q3 24
$1.7B
Q2 24
$487.9M
Q1 24
$506.3M
Total Debt
SM
SM
UNIT
UNIT
Q4 25
Q3 25
$9.3B
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
SM
SM
UNIT
UNIT
Q4 25
$4.8B
Q3 25
$4.7B
$680.7M
Q2 25
$4.6B
Q1 25
$4.4B
Q4 24
$4.2B
Q3 24
$4.1B
Q2 24
$3.8B
Q1 24
$3.7B
Total Assets
SM
SM
UNIT
UNIT
Q4 25
$9.3B
Q3 25
$9.1B
$12.1B
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
UNIT
UNIT
Q4 25
Q3 25
13.64×
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
UNIT
UNIT
Operating Cash FlowLast quarter
$451.9M
$229.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.14×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SM
SM
UNIT
UNIT
Q4 25
$451.9M
Q3 25
$505.0M
$229.8M
Q2 25
$571.1M
Q1 25
$483.0M
Q4 24
$578.4M
Q3 24
$452.3M
Q2 24
$476.4M
Q1 24
$276.0M
Cash Conversion
SM
SM
UNIT
UNIT
Q4 25
Q3 25
3.26×
0.14×
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.

UNIT
UNIT

Revenue And Sales$315.5M44%
DSL Subscriber And Other$102.7M14%
Fiber Subscriber$77.7M11%
Business Services$66.4M9%
Uniti Fiber$55.7M8%
Wholesale$54.8M8%
Sales Revenue$27.3M4%
Time Division Multiplexing$8.7M1%
Switched Access$2.2M0%

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