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

Veralto is the larger business by last-quarter revenue ($1.4B vs $704.9M, roughly 2.0× SM Energy Co). On growth, Veralto posted the faster year-over-year revenue change (4.4% vs -17.3%). Over the past eight quarters, SM Energy Co's revenue compounded faster (12.2% CAGR vs 5.8%).

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

Veralto Corporation is an American technology company headquartered in Waltham, Massachusetts. It produces products related to water analytics, water treatment, marking and coding, and packaging and color.

SM vs VLTO — Head-to-Head

Bigger by revenue
VLTO
VLTO
2.0× larger
VLTO
$1.4B
$704.9M
SM
Growing faster (revenue YoY)
VLTO
VLTO
+21.6% gap
VLTO
4.4%
-17.3%
SM
Faster 2-yr revenue CAGR
SM
SM
Annualised
SM
12.2%
5.8%
VLTO

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
SM
SM
VLTO
VLTO
Revenue
$704.9M
$1.4B
Net Profit
$239.0M
Gross Margin
60.1%
Operating Margin
25.9%
23.2%
Net Margin
17.0%
Revenue YoY
-17.3%
4.4%
Net Profit YoY
5.3%
EPS (diluted)
$0.94
$0.95

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
VLTO
VLTO
Q4 25
$704.9M
$1.4B
Q3 25
$811.6M
$1.4B
Q2 25
$792.9M
$1.3B
Q1 25
$844.5M
Q4 24
$852.0M
$1.3B
Q3 24
$643.6M
$1.3B
Q2 24
$634.6M
$1.3B
Q1 24
$559.9M
$1.2B
Net Profit
SM
SM
VLTO
VLTO
Q4 25
$239.0M
Q3 25
$155.1M
$222.0M
Q2 25
$201.7M
$225.0M
Q1 25
$182.3M
Q4 24
$227.0M
Q3 24
$240.5M
$219.0M
Q2 24
$210.3M
$203.0M
Q1 24
$131.2M
$184.0M
Gross Margin
SM
SM
VLTO
VLTO
Q4 25
60.1%
Q3 25
60.0%
Q2 25
60.4%
Q1 25
Q4 24
59.6%
Q3 24
59.6%
Q2 24
60.1%
Q1 24
60.0%
Operating Margin
SM
SM
VLTO
VLTO
Q4 25
25.9%
23.2%
Q3 25
30.4%
22.8%
Q2 25
37.2%
24.2%
Q1 25
32.7%
Q4 24
33.7%
22.9%
Q3 24
51.4%
23.4%
Q2 24
44.0%
23.2%
Q1 24
31.9%
23.5%
Net Margin
SM
SM
VLTO
VLTO
Q4 25
17.0%
Q3 25
19.1%
16.2%
Q2 25
25.4%
16.9%
Q1 25
21.6%
Q4 24
16.9%
Q3 24
37.4%
16.7%
Q2 24
33.1%
15.8%
Q1 24
23.4%
14.8%
EPS (diluted)
SM
SM
VLTO
VLTO
Q4 25
$0.94
$0.95
Q3 25
$1.35
$0.89
Q2 25
$1.76
$0.90
Q1 25
$1.59
Q4 24
$1.63
$0.91
Q3 24
$2.09
$0.88
Q2 24
$1.82
$0.81
Q1 24
$1.13
$0.74

Balance Sheet & Financial Strength

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

Metric
SM
SM
VLTO
VLTO
Cash + ST InvestmentsLiquidity on hand
$368.0M
$1.8B
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$4.8B
$2.8B
Total Assets
$9.3B
$7.4B
Debt / EquityLower = less leverage
0.94×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SM
SM
VLTO
VLTO
Q4 25
$368.0M
$1.8B
Q3 25
$162.3M
$1.6B
Q2 25
$101.9M
$1.2B
Q1 25
$54.0K
Q4 24
$1.1B
Q3 24
$1.7B
$1.3B
Q2 24
$487.9M
$1.0B
Q1 24
$506.3M
$827.0M
Total Debt
SM
SM
VLTO
VLTO
Q4 25
$2.7B
Q3 25
$2.7B
Q2 25
$2.6B
Q1 25
Q4 24
$2.6B
Q3 24
$2.6B
Q2 24
$2.6B
Q1 24
$2.6B
Stockholders' Equity
SM
SM
VLTO
VLTO
Q4 25
$4.8B
$2.8B
Q3 25
$4.7B
$2.7B
Q2 25
$4.6B
$2.3B
Q1 25
$4.4B
Q4 24
$4.2B
$2.0B
Q3 24
$4.1B
$2.0B
Q2 24
$3.8B
$1.7B
Q1 24
$3.7B
$1.5B
Total Assets
SM
SM
VLTO
VLTO
Q4 25
$9.3B
$7.4B
Q3 25
$9.1B
$7.2B
Q2 25
$9.0B
$6.6B
Q1 25
$8.8B
Q4 24
$8.6B
$6.4B
Q3 24
$8.0B
$6.3B
Q2 24
$6.7B
$5.9B
Q1 24
$6.4B
$5.7B
Debt / Equity
SM
SM
VLTO
VLTO
Q4 25
0.94×
Q3 25
1.01×
Q2 25
1.14×
Q1 25
Q4 24
1.28×
Q3 24
1.35×
Q2 24
1.57×
Q1 24
1.77×

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
VLTO
VLTO
Operating Cash FlowLast quarter
$451.9M
$270.0M
Free Cash FlowOCF − Capex
$258.0M
FCF MarginFCF / Revenue
18.4%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
1.13×
TTM Free Cash FlowTrailing 4 quarters
$986.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SM
SM
VLTO
VLTO
Q4 25
$451.9M
$270.0M
Q3 25
$505.0M
$339.0M
Q2 25
$571.1M
$157.0M
Q1 25
$483.0M
Q4 24
$578.4M
$285.0M
Q3 24
$452.3M
$224.0M
Q2 24
$476.4M
$251.0M
Q1 24
$276.0M
$115.0M
Free Cash Flow
SM
SM
VLTO
VLTO
Q4 25
$258.0M
Q3 25
$323.0M
Q2 25
$142.0M
Q1 25
Q4 24
$263.0M
Q3 24
$215.0M
Q2 24
$240.0M
Q1 24
$102.0M
FCF Margin
SM
SM
VLTO
VLTO
Q4 25
18.4%
Q3 25
23.6%
Q2 25
10.7%
Q1 25
Q4 24
19.6%
Q3 24
16.4%
Q2 24
18.6%
Q1 24
8.2%
Capex Intensity
SM
SM
VLTO
VLTO
Q4 25
0.9%
Q3 25
1.2%
Q2 25
1.1%
Q1 25
Q4 24
1.6%
Q3 24
0.7%
Q2 24
0.9%
Q1 24
1.0%
Cash Conversion
SM
SM
VLTO
VLTO
Q4 25
1.13×
Q3 25
3.26×
1.53×
Q2 25
2.83×
0.70×
Q1 25
2.65×
Q4 24
1.26×
Q3 24
1.88×
1.02×
Q2 24
2.27×
1.24×
Q1 24
2.10×
0.63×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SM
SM

Segment breakdown not available.

VLTO
VLTO

Product Quality And Innovation Segment$548.0M39%
Revenuefrom Contractwith Customer Measurement Recurring$521.0M37%
Revenuefrom Contractwith Customer Measurement Nonrecurring$335.0M24%

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