Friday 6 November 2026 Export SM’s income statement to Excel — free account

SM Energy Company

SM Energy Oil & Gas E&P

SM Energy Company’s revenue for fiscal 2025 (year ended December 2025) was $3.2 billion, up 17.2% from fiscal 2024.

Revenue: +167.4%
EPS: −70.9%
Free cash flow: +369.4%
Total debt: +188.3%

Quarter to September 2026, against a year earlier

Dividend growth 5 yrs

30.82 1.19 +4.02%

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Market cap: $7.1B
P/E: 7.2×
Fwd P/E: 5.5×
Dividend yield: 2.89%
F-score: 6/9
Altman Z: 1.44
Beneish M: −2.98
Dividend safety: 78/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	0.00	0.00	3.41	0.00	0.00	226.77	3.53	5.64	5.78	3.31
Piotroski F-Score Full definition →	2	6	7	2	3	7	8	6	5	6
Altman Z-Score Full definition →	0.19	0.63	1.31	0.60	(0.38)	1.30	2.82	2.39	1.74	1.44
P/S ratio Full definition →	2.16	2.29	0.84	0.80	0.62	1.34	1.17	1.95	1.66	0.68
P/FCF ratio Full definition →	0.00	8.26	13.06	0.00	2.86	7.29	4.85	9.76	0.00	3.99
Altman Z″-Score (non-manufacturers) Full definition →	(0.23)	0.83	2.34	1.01	(1.10)	0.75	3.99	3.75	2.64	2.77
Beneish M-Score Full definition →	(3.37)	(3.03)	(2.23)	(3.12)	(4.00)	(2.80)	(2.38)	(3.02)	(2.50)	(2.98)
P/Operating CF Full definition →	19.06	17.90	9.65	5.23	2.71	8.17	13.57	9.74	7.71	4.76
Dividend Safety Score Full definition →	—	—	—	—	—	—	—	—	—	78
P/B ratio Full definition →	1.05	1.08	0.59	0.46	0.35	1.70	1.27	1.28	1.05	0.45
Price to Tangible BV Full definition →	1.05	1.08	0.59	0.46	0.35	1.70	1.27	1.28	1.05	0.45
EV/Sales Full definition →	4.53	4.59	2.22	2.73	2.89	2.14	1.60	2.50	2.17	1.43
EV/EBITDA Full definition →	0.00	12.66	3.03	5.64	0.00	5.60	2.45	3.53	3.09	2.03
EV/Operating CF Full definition →	9.98	10.06	6.37	5.27	4.11	4.83	3.19	3.77	3.28	2.24
EV/FCF Full definition →	(4.19)	16.53	34.61	(22.88)	13.38	11.63	6.67	12.50	(3.58)	8.34
Quick Ratio Full definition →	0.39	0.85	0.53	0.39	0.28	0.65	1.13	1.34	0.46	0.60
Current Ratio Full definition →	0.54	0.98	0.92	0.54	0.35	0.69	1.23	1.45	0.55	0.69
Net Debt/EBITDA Full definition →	(11.27)	6.34	1.66	3.58	(8.36)	1.75	0.52	0.57	1.47	1.06
Debt/Assets Full definition →	45.32%	47.09%	40.87%	43.73%	44.74%	39.90%	27.68%	24.69%	32.38%	29.34%
Debt/Equity Full definition →	1.16	1.21	0.89	1.00	1.10	1.01	0.51	0.44	0.66	0.56
Asset Turnover Full definition →	0.20	0.18	0.33	0.25	0.20	0.51	0.61	0.39	0.36	0.35
Operating CF/Net income Full definition →	(0.73)	(3.20)	1.42	(4.40)	(1.03)	32.01	1.52	1.92	2.32	3.10
Capex/Depreciation Full definition →	(2.33)	(0.35)	(0.86)	(1.21)	(0.68)	(0.86)	(1.43)	(1.58)	(4.18)	(1.21)
Interest Coverage Full definition →	(6.66)	(0.91)	5.20	(0.44)	(6.52)	1.30	13.12	10.73	7.63	5.78
ROE Full definition →	(34.84%)	(6.58%)	19.13%	(6.60%)	(32.09%)	1.78%	43.19%	24.41%	19.61%	14.33%
ROA Full definition →	(12.61%)	(2.56%)	8.12%	(2.96%)	(13.57%)	0.71%	20.31%	13.53%	10.30%	7.27%
ROIC Full definition →	(12.27%)	(2.05%)	9.61%	(0.79%)	(15.75%)	3.42%	23.38%	13.48%	9.59%	8.73%
Return on Tangible Assets Full definition →	(12.86%)	(2.90%)	8.77%	(3.26%)	(17.69%)	0.84%	22.14%	14.45%	10.08%	8.26%
Average Days of Receivables Full definition →	45.56	51.76	29.58	42.40	52.63	34.40	25.35	35.54	48.98	38.31
Research and Development Expense of Revenue Full definition →	5.34%	4.84%	2.67%	3.24%	3.64%	1.50%	1.64%	2.49%	2.38%	1.81%
Selling, General and Administrative Expense of Revenue Full definition →	10.25%	10.38%	5.64%	8.35%	8.80%	4.27%	3.41%	5.10%	5.13%	5.10%
Intangible Assets out of Total Assets Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Share Based Compensation of Revenue Full definition →	2.21%	2.01%	1.16%	1.53%	1.33%	0.72%	0.56%	0.84%	0.93%	0.92%
Graham Net Nets Full definition →	(1.40)	(1.25)	(1.73)	(2.60)	(3.96)	(0.73)	(0.48)	(0.40)	(0.88)	(1.69)
Graham Number Full definition →	0.00	0.00	51.63	0.00	0.00	7.12	71.74	68.73	74.58	72.92
Earnings Yield Full definition →	(30.03%)	(6.23%)	29.33%	(14.77%)	(109.97%)	0.44%	28.36%	17.74%	17.31%	30.21%
Free Cash Flow Yield Full definition →	(50.06%)	12.11%	7.66%	(15.00%)	34.94%	13.72%	20.61%	10.25%	(36.61%)	25.06%
Revenue per Share Full definition →	15.90	10.14	18.47	14.13	9.91	22.03	27.45	19.95	23.39	27.43
Operating CF per Share Full definition →	7.22	4.63	6.44	7.32	6.95	9.74	13.78	13.23	15.50	17.49
Capex per Share Full definition →	(24.39)	(1.81)	(5.25)	(9.00)	(4.82)	(5.70)	(7.19)	(9.24)	(29.70)	(12.80)
Free Cash Flow per Share Full definition →	(17.17)	2.82	1.19	(1.69)	2.14	4.05	6.59	3.99	(14.19)	4.69
Cash per Share Full definition →	0.12	2.82	0.70	0.00	0.00	2.79	3.64	5.18	0.00	3.20
Shareholders Equity per Share Full definition →	32.61	21.49	26.09	24.43	17.73	17.33	25.22	30.39	36.84	41.83
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	32.61	21.49	26.09	24.43	17.73	17.33	25.22	30.39	36.84	41.83
Free Cash Flow Full definition →	(1,314.83)	313.86	132.70	(189.72)	243.16	481.61	806.47	475.00	(1,632.00)	539.00
Working Capital Full definition →	(190.53)	(10.10)	(36.79)	(219.41)	(380.07)	(276.14)	138.62	282.63	(355.00)	(358.00)
Capital Expenditures Full definition →	(1,867.64)	(201.53)	(587.93)	(1,013.29)	(547.78)	(678.16)	(879.94)	(1,099.00)	(3,415.00)	(1,472.00)
Net Current Asset Value Full definition →	(3,671.74)	(3,233.05)	(3,003.28)	(3,290.60)	(2,756.60)	(2,557.66)	(1,893.38)	(1,847.70)	(3,905.00)	(3,632.00)
EV/EBIT Full definition →	0.00	0.00	5.49	0.00	0.00	26.78	3.41	6.01	5.43	4.50
Capex to Sales Full definition →	1.53	0.18	0.28	0.64	0.49	0.26	0.26	0.46	1.27	0.47
Price to Operating Income Full definition →	0.00	0.00	2.07	0.00	0.00	16.78	2.48	4.70	4.14	2.15
Other line items
Depreciation/Fixed assets Full definition →	0.13	0.10	0.12	0.14	0.17	0.17	0.13	0.13	0.10	0.15
Cash ROIC Full definition →	(24.33%)	5.59%	2.37%	(3.45%)	5.73%	10.74%	15.77%	8.18%	(23.27%)	6.83%
Accounts Receivable Turnover Full definition →	8.51	7.24	12.62	9.03	6.49	12.81	13.98	10.22	9.09	9.12
Accounts Payable Turnover Full definition →	1.98	1.48	1.23	1.24	1.01	1.08	1.13	0.99	0.93	1.22
Inventory Turnover Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Days of Payables Full definition →	183.07	277.85	301.96	293.05	346.76	406.81	312.90	395.80	435.48	284.58
Days of Inventory on Hand Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Receivables Full definition →	143.04	156.05	163.85	176.13	173.59	204.83	240.25	232.23	296.08	346.00
Average Payables Full definition →	301.11	343.17	394.91	402.60	386.84	467.49	547.80	571.94	685.80	725.00
Average Assets Full definition →	6,007.58	6,285.14	6,264.82	6,322.55	5,634.33	5,105.20	5,475.01	6,048.01	7,478.49	8,915.00
Average Common Equity Full definition →	2,174.77	2,445.87	2,657.47	2,834.66	2,382.58	2,039.65	2,574.29	3,350.65	3,926.43	4,523.50

Show all line items

Columns are period end dates · fundamentals updated 5 Nov 2026

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