Saturday 17 October 2026 Export SM’s income statement to Excel — free account

SM Energy Company

SM Energy Company’s revenue for fiscal 2025 (year ended December 2025) was $3.2 billion, up 17.2% from fiscal 2024. In the quarter to June 2026, revenue grew 215.3%, EPS grew 154.6%, free cash flow grew 673.9% and total debt rose 144.2%, each against the same quarter a year earlier. Dividend growth for five consecutive years.

39.49 1.97 +5.25%

Follow SM

Alert me

Market cap: $8.9B
P/E: 7.7×
Fwd P/E: 6.5×
Dividend yield: 2.18%
F-score: 6/9
Altman Z: 1.44
Beneish M: −2.98
Dividend safety: 78/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

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

Fold the line items

Columns are period end dates

Stockrow Weekly