5 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $562M | $3M | 73.5% | 0.0% | $45M | $1.0B | $9M |
| 2024 | $430M | -$113M | 73.2% | 0.0% | $8M | $994M | $23M |
| 2023 | $459M | -$63M | 75.5% | 0.0% | $58M | $1.5B | $14M |
| 2022 | — | -$123M | — | — | — | — | — |
| 2021 | — | -$20M | — | — | — | — | — |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $139M | -$5M | 71.7% | 0.0% | -$12M | $1.3B | $43M |
| Dec '25 | $142M | $6M | 72.1% | 0.0% | $35M | $1.0B | $9M |
| Sep '25 | $147M | -$2M | 74.0% | 0.0% | $4M | $1.1B | $25M |
| Jun '25 | $140M | -$8M | 74.4% | 0.0% | $11M | $1.1B | $21M |
| Mar '25 | $133M | -$2M | 73.3% | 0.0% | -$5M | $1.1B | $26M |
| Dec '24 | $107M | -$12M | 74.8% | 0.0% | $6M | $994M | $23M |
| Sep '24 | $102M | -$205M | 72.4% | 0.0% | -$2M | $957M | $18M |
| Jun '24 | $101M | -$31M | 70.8% | 0.0% | -$23M | — | — |
| Mar '24 | $119M | $129M | 74.6% | 0.0% | $27M | — | — |
| Dec '23 | $127M | -$19M | 72.9% | 0.0% | -$3M | $1.5B | $14M |
| Sep '23 | $121M | $251000 | 77.6% | 0.0% | — | — | — |
How the market has priced SMC against its own fundamentals since 2024-08 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 4 years, Summit Midstream Corp's revenue has grown 10.7% per year. These are computed facts, not advice.
As of FY2025, Summit Midstream Corp reported $1.0B of total debt against $9M of cash.
In FY2025, gross margin was 73.5%, operating margin —, and net margin 0.5%.
As of Jun '26, Summit Midstream Corp traded at a price-to-earnings ratio of about 121.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.