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) Free cash flow margin

Alert me on Free cash flow margin

SM Energy Company's free cash flow margin over the twelve months to 30 September 2026 was 28.6%, up 11.5 percentage points from fiscal 2025 (17.1%). Over the past ten years it has ranged from −108.0% (fiscal 2016) to 27.8% (fiscal 2017); the current reading is higher than 55% of that period. That is above the Oil & Gas E&P industry median of 7.72% and above the Energy sector median of 6.87%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 17.1% 77.76
FY2024 −60.7% (80.68)
FY2023 20.0% (4.00)
FY2022 24.0% 5.65
FY2021 18.4% (3.22)
FY2020 21.6% 33.51
FY2019 −11.9% (18.35)
FY2018 6.42% (21.37)
FY2017 27.8% 135.79
FY2016 −108.0% (98.18)

Against its own ten years

Low −108.0% High 27.8%
Ten-year median 17.1%
Current reading's percentile 55

Free cash flow margin against peers

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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