vs
Side-by-side financial comparison of SM Energy Co (SM) and Virtu Financial, Inc. (VIRT). Click either name above to swap in a different company.
Virtu Financial, Inc. is the larger business by last-quarter revenue ($1.1B vs $704.9M, roughly 1.6× SM Energy Co). On growth, Virtu Financial, Inc. posted the faster year-over-year revenue change (30.7% vs -17.3%). Over the past eight quarters, Virtu Financial, Inc.'s revenue compounded faster (25.7% CAGR vs 12.2%).
SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.
Virtu Financial, Inc. is an American high-frequency trading company. The company went public on the Nasdaq in 2015.
SM vs VIRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $704.9M | $1.1B |
| Net Profit | — | $346.6M |
| Gross Margin | — | — |
| Operating Margin | 25.9% | 37.4% |
| Net Margin | — | 31.6% |
| Revenue YoY | -17.3% | 30.7% |
| Net Profit YoY | — | 82.8% |
| EPS (diluted) | $0.94 | $1.99 |
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.
| Q1 26 | — | $1.1B | ||
| Q4 25 | $704.9M | $969.9M | ||
| Q3 25 | $811.6M | $824.8M | ||
| Q2 25 | $792.9M | $999.6M | ||
| Q1 25 | $844.5M | $837.9M | ||
| Q4 24 | $852.0M | $834.3M | ||
| Q3 24 | $643.6M | $706.8M | ||
| Q2 24 | $634.6M | $693.0M |
| Q1 26 | — | $346.6M | ||
| Q4 25 | — | $139.9M | ||
| Q3 25 | $155.1M | $77.6M | ||
| Q2 25 | $201.7M | $151.2M | ||
| Q1 25 | $182.3M | $99.7M | ||
| Q4 24 | — | $94.1M | ||
| Q3 24 | $240.5M | $60.0M | ||
| Q2 24 | $210.3M | $66.6M |
| Q1 26 | — | 37.4% | ||
| Q4 25 | 25.9% | 35.4% | ||
| Q3 25 | 30.4% | 21.8% | ||
| Q2 25 | 37.2% | 34.7% | ||
| Q1 25 | 32.7% | 26.7% | ||
| Q4 24 | 33.7% | 24.3% | ||
| Q3 24 | 51.4% | 20.8% | ||
| Q2 24 | 44.0% | 22.4% |
| Q1 26 | — | 31.6% | ||
| Q4 25 | — | 14.4% | ||
| Q3 25 | 19.1% | 9.4% | ||
| Q2 25 | 25.4% | 15.1% | ||
| Q1 25 | 21.6% | 11.9% | ||
| Q4 24 | — | 11.3% | ||
| Q3 24 | 37.4% | 8.5% | ||
| Q2 24 | 33.1% | 9.6% |
| Q1 26 | — | $1.99 | ||
| Q4 25 | $0.94 | $1.54 | ||
| Q3 25 | $1.35 | $0.86 | ||
| Q2 25 | $1.76 | $1.65 | ||
| Q1 25 | $1.59 | $1.08 | ||
| Q4 24 | $1.63 | $1.03 | ||
| Q3 24 | $2.09 | $0.64 | ||
| Q2 24 | $1.82 | $0.71 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $368.0M | $973.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.8B | $2.2B |
| Total Assets | $9.3B | $25.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $973.2M | ||
| Q4 25 | $368.0M | $1.1B | ||
| Q3 25 | $162.3M | $707.9M | ||
| Q2 25 | $101.9M | $752.1M | ||
| Q1 25 | $54.0K | $723.6M | ||
| Q4 24 | — | $872.5M | ||
| Q3 24 | $1.7B | $701.4M | ||
| Q2 24 | $487.9M | $684.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.7B |
| Q1 26 | — | $2.2B | ||
| Q4 25 | $4.8B | $1.6B | ||
| Q3 25 | $4.7B | $1.5B | ||
| Q2 25 | $4.6B | $1.4B | ||
| Q1 25 | $4.4B | $1.3B | ||
| Q4 24 | $4.2B | $1.3B | ||
| Q3 24 | $4.1B | $1.2B | ||
| Q2 24 | $3.8B | $1.2B |
| Q1 26 | — | $25.1B | ||
| Q4 25 | $9.3B | $20.2B | ||
| Q3 25 | $9.1B | $21.3B | ||
| Q2 25 | $9.0B | $19.3B | ||
| Q1 25 | $8.8B | $17.5B | ||
| Q4 24 | $8.6B | $15.4B | ||
| Q3 24 | $8.0B | $14.4B | ||
| Q2 24 | $6.7B | $13.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.29× | ||
| Q3 25 | — | 1.40× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | — | 1.33× | ||
| Q4 24 | — | 1.39× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 1.41× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $451.9M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $451.9M | $518.4M | ||
| Q3 25 | $505.0M | $-68.7M | ||
| Q2 25 | $571.1M | $62.8M | ||
| Q1 25 | $483.0M | $15.0M | ||
| Q4 24 | $578.4M | $599.0M | ||
| Q3 24 | $452.3M | $112.1M | ||
| Q2 24 | $476.4M | $490.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $495.6M | ||
| Q3 25 | — | $-76.7M | ||
| Q2 25 | — | $57.6M | ||
| Q1 25 | — | $9.2M | ||
| Q4 24 | — | $586.6M | ||
| Q3 24 | — | $106.2M | ||
| Q2 24 | — | $486.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 51.1% | ||
| Q3 25 | — | -9.3% | ||
| Q2 25 | — | 5.8% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 70.3% | ||
| Q3 24 | — | 15.0% | ||
| Q2 24 | — | 70.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.71× | ||
| Q3 25 | 3.26× | -0.89× | ||
| Q2 25 | 2.83× | 0.42× | ||
| Q1 25 | 2.65× | 0.15× | ||
| Q4 24 | — | 6.37× | ||
| Q3 24 | 1.88× | 1.87× | ||
| Q2 24 | 2.27× | 7.37× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SM
Segment breakdown not available.
VIRT
| Trading income, net | $789.1M | 72% |
| Commissions, net and technology services | $186.6M | 17% |
| Other | $119.6M | 11% |
