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Side-by-side financial comparison of SM Energy Co (SM) and W. P. Carey Inc. (WPC). Click either name above to swap in a different company.

SM Energy Co is the larger business by last-quarter revenue ($704.9M vs $444.5M, roughly 1.6× W. P. Carey Inc.). On growth, W. P. Carey Inc. posted the faster year-over-year revenue change (9.4% vs -17.3%). Over the past eight quarters, SM Energy Co's revenue compounded faster (12.2% CAGR vs 6.8%).

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

W. P. Carey is a real estate investment trust that invests in properties leased to single tenants via NNN leases. The company is organized in Maryland, with its primary office in New York City.

SM vs WPC — Head-to-Head

Bigger by revenue
SM
SM
1.6× larger
SM
$704.9M
$444.5M
WPC
Growing faster (revenue YoY)
WPC
WPC
+26.7% gap
WPC
9.4%
-17.3%
SM
Faster 2-yr revenue CAGR
SM
SM
Annualised
SM
12.2%
6.8%
WPC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SM
SM
WPC
WPC
Revenue
$704.9M
$444.5M
Net Profit
$148.3M
Gross Margin
Operating Margin
25.9%
34.5%
Net Margin
33.4%
Revenue YoY
-17.3%
9.4%
Net Profit YoY
215.4%
EPS (diluted)
$0.94

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
WPC
WPC
Q4 25
$704.9M
$444.5M
Q3 25
$811.6M
$431.3M
Q2 25
$792.9M
$430.8M
Q1 25
$844.5M
$409.9M
Q4 24
$852.0M
$406.2M
Q3 24
$643.6M
$397.4M
Q2 24
$634.6M
$389.7M
Q1 24
$559.9M
$389.8M
Net Profit
SM
SM
WPC
WPC
Q4 25
$148.3M
Q3 25
$155.1M
$141.0M
Q2 25
$201.7M
$51.2M
Q1 25
$182.3M
$125.8M
Q4 24
$47.0M
Q3 24
$240.5M
$111.7M
Q2 24
$210.3M
$142.9M
Q1 24
$131.2M
$159.2M
Operating Margin
SM
SM
WPC
WPC
Q4 25
25.9%
34.5%
Q3 25
30.4%
34.7%
Q2 25
37.2%
15.0%
Q1 25
32.7%
33.5%
Q4 24
33.7%
13.5%
Q3 24
51.4%
30.4%
Q2 24
44.0%
38.3%
Q1 24
31.9%
43.0%
Net Margin
SM
SM
WPC
WPC
Q4 25
33.4%
Q3 25
19.1%
32.7%
Q2 25
25.4%
11.9%
Q1 25
21.6%
30.7%
Q4 24
11.6%
Q3 24
37.4%
28.1%
Q2 24
33.1%
36.7%
Q1 24
23.4%
40.8%
EPS (diluted)
SM
SM
WPC
WPC
Q4 25
$0.94
Q3 25
$1.35
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
WPC
WPC
Cash + ST InvestmentsLiquidity on hand
$368.0M
$155.3M
Total DebtLower is stronger
$8.7B
Stockholders' EquityBook value
$4.8B
$8.1B
Total Assets
$9.3B
$18.0B
Debt / EquityLower = less leverage
1.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SM
SM
WPC
WPC
Q4 25
$368.0M
$155.3M
Q3 25
$162.3M
$249.0M
Q2 25
$101.9M
$244.8M
Q1 25
$54.0K
$187.8M
Q4 24
$640.4M
Q3 24
$1.7B
$818.2M
Q2 24
$487.9M
$1.1B
Q1 24
$506.3M
$777.0M
Total Debt
SM
SM
WPC
WPC
Q4 25
$8.7B
Q3 25
$8.7B
Q2 25
$8.6B
Q1 25
$7.9B
Q4 24
$8.0B
Q3 24
$8.0B
Q2 24
$8.1B
Q1 24
$7.9B
Stockholders' Equity
SM
SM
WPC
WPC
Q4 25
$4.8B
$8.1B
Q3 25
$4.7B
$8.2B
Q2 25
$4.6B
$8.2B
Q1 25
$4.4B
$8.4B
Q4 24
$4.2B
$8.4B
Q3 24
$4.1B
$8.6B
Q2 24
$3.8B
$8.6B
Q1 24
$3.7B
$8.7B
Total Assets
SM
SM
WPC
WPC
Q4 25
$9.3B
$18.0B
Q3 25
$9.1B
$18.0B
Q2 25
$9.0B
$18.0B
Q1 25
$8.8B
$17.3B
Q4 24
$8.6B
$17.5B
Q3 24
$8.0B
$17.6B
Q2 24
$6.7B
$17.8B
Q1 24
$6.4B
$17.6B
Debt / Equity
SM
SM
WPC
WPC
Q4 25
1.07×
Q3 25
1.06×
Q2 25
1.05×
Q1 25
0.94×
Q4 24
0.95×
Q3 24
0.93×
Q2 24
0.94×
Q1 24
0.91×

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
WPC
WPC
Operating Cash FlowLast quarter
$451.9M
$304.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.05×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SM
SM
WPC
WPC
Q4 25
$451.9M
$304.6M
Q3 25
$505.0M
$300.5M
Q2 25
$571.1M
$404.0M
Q1 25
$483.0M
$273.2M
Q4 24
$578.4M
$296.3M
Q3 24
$452.3M
$280.2M
Q2 24
$476.4M
$221.0M
Q1 24
$276.0M
$1.0B
Cash Conversion
SM
SM
WPC
WPC
Q4 25
2.05×
Q3 25
3.26×
2.13×
Q2 25
2.83×
7.89×
Q1 25
2.65×
2.17×
Q4 24
6.30×
Q3 24
1.88×
2.51×
Q2 24
2.27×
1.55×
Q1 24
2.10×
6.50×

Financial Flow Comparison

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

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