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

29.75 1.31 −4.22%
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

SM Energy Company (SM) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, SM Energy Company (SM) trades at a EV/EBITDA of 4.4×. Over the past ten years it has ranged from 0.0× (June 2021) to 60.1× (September 2021); the current reading is higher than 61% of that period. That is in line with the Oil & Gas E&P industry median of 4.6× and below the Energy sector median of 6.2×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 2.0× (34.29%)
FY2024 3.1× (12.52%)
FY2023 3.5× 43.84%
FY2022 2.5× (56.15%)
FY2021 5.6× —
FY2020 0.0× —
FY2019 5.6× 86.32%
FY2018 3.0× (76.09%)
FY2017 12.7× —
FY2016 0.0× —

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 4.7× 14.40%
Jun 2026 4.1× (46.42%)
Mar 2026 7.6× 276.90%
Dec 2025 2.0× (14.02%)
43 more quarters

Against its own ten years

Low 0.0× High 60.1×
Ten-year median 3.5×
Current reading's percentile 61

EV/EBITDA against peers

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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