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Employees: 296
Size Summit Midstream (SMC) is a United States Energy company (Oil & Gas Pipelines) with a market value of $551M, the 2629th largest of 3,117 United States companies the cockpit tracks. Shares closed at $27.13 on 6 Nov 2026.
Performance Over six months the shares fell 8.9%, against -14.5% for the median peer and -1.1% for the United States market (cap-weighted) — 4th highest of 7 in its peer set.
Growth Revenue grew 20.9% over the last twelve months (peer median -1.6%); the operating margin is 15.9% (peer median 12.0%).
Valuation It trades at 147.3× forward earnings against a peer median of 11.5× (most expensive of 5).
Price implies For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is +3 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.2 points below its cost of capital (6.6% WACC).
Short interest Short interest is 1.2% of the free float (15 Oct 2026).
Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $583M | $562M | $430M | $459M | $370M |
| Revenue growth | — | +31% | -6% | +24% | — |
| Gross profit | $154M | $150M | $113M | $123M | $89.6M |
| EBITDA | $203M | $204M | $159M | $206M | $179M |
| Net income | $7.77M | $8.93M | -$107M | -$38.9M | -$102M |
| Free cash flow | $44.8M | $44.6M | $8.16M | $58.0M | $68.3M |
| Capital expenditure | $86.3M | $89.0M | $53.6M | $68.9M | $30.5M |
| Total debt | $1.24B | $1.05B | $1.01B | $1.48B | $1.50B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SMC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -17.0% | -9.3% | 3rd lowest of 8 |
| 6-month return | -8.9% | -14.5% | 4th highest of 7 |
| Distance from 52-week high | -25.6% | -34.9% | 3rd highest of 8 |
| Revenue growth (TTM) | +20.9% | -1.6% | 2nd highest of 7 |
| Operating margin | 15.9% | 12.0% | 4th highest of 8 |
| Forward P/E | 147.3× | 11.5× | most expensive of 5 |
| Growth the price implies (Req g, 7 yrs) | 10.9% | 3.8% | most demanding of 7 |
| Growth delivered (Del g) | +7.9% | +1.8% | 3rd highest of 6 |
| Hurdle (Req g minus delivered) | +2.9 pp | +5.9 pp | 3rd least demanding of 6 |
| ROIC minus cost of capital | -3.2 pp | +2.4 pp | 4th lowest of 8 |
| EV / EBITDA | 10.6× | 7.7× | 2nd most expensive of 5 |
| Net debt / EBITDA | 6.0× | -0.9× | most indebted of 5 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Summit Midstream SMC | United States | $551M | -9% | +21% | 16% | 147.3× | 10.9% | +7.9% |
| Sichuan Shudao Equipment and Technology 300540.SZ | China | $742M | -41% | -14% | 8% | 48.0× | n/a | n/a |
| GSPL Transmission GSPLTRANS.NS | India | $351M | n/a | n/a | 38% | n/a | 7.4% | n/a |
| Jinhong 000669.SZ | China | $340M | -21% | 0% | 3% | n/a | 6.4% | -11.5% |
| Xinjiang Wanjing Energy 002700.SZ | China | $328M | -22% | -3% | 11% | n/a | -6.8% | +10.6% |
| Sinopec Kantons 0934.HK | Hong Kong | $1.31B | +3% | +10% | 27% | 9.2× | 7.7% | +1.8% |
| Friedrich Vorwerk VH2.DE | Germany | $1.50B | -5% | +22% | 19% | 11.1× | -8.0% | +19.3% |
| NGL Energy Partners LP NGL | United States | $1.87B | -8% | -22% | 12% | 11.9× | 1.2% | -9.6% |