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Friday 6 November 2026
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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.
- 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%
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SM Energy Company (SM) Operating margin
SM Energy Company's operating margin over the twelve months to 30 September 2026 was 23.6%, down 8.1 percentage points from fiscal 2025 (31.7%). Over the past ten years it has ranged from −94.9% (fiscal 2020) to 47.0% (fiscal 2022); the current reading is higher than 64% of that period. That is in line with the Oil & Gas E&P industry median of 24.0% and above the Energy sector median of 15.2%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 31.7% | (8.29) |
| FY2024 | 40.0% | (1.58) |
| FY2023 | 41.6% | (5.45) |
| FY2022 | 47.0% | 39.06 |
| FY2021 | 7.97% | 102.85 |
| FY2020 | −94.9% | (90.48) |
| FY2019 | −4.40% | (44.86) |
| FY2018 | 40.5% | 54.96 |
| FY2017 | −14.5% | 72.32 |
| FY2016 | −86.8% | (49.65) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 10.9% | (48.96) |
| Jun 2026 | 59.8% | 79.99 |
| Mar 2026 | −20.2% | (45.92) |
| Dec 2025 | 25.8% | (4.60) |
| 43 more quarters | Free account |
Against its own ten years
Low −94.9%
High 47.0%
Ten-year median
7.97%
Current reading's percentile
58
Operating margin against peers
| Company | Operating margin |
|---|---|
| LB LandBridge Company LLC compare | 63.4% |
| CNX CNX Resources Corporation. compare | 49.4% |
| VIST Vista Energy, S.A.B. de C.V. - Sponsored ADR compare | 38.0% |
| MGY Magnolia Oil & Gas Corp compare | 36.9% |
| MTDR Matador Resources Company compare | 31.6% |
| CRGY Crescent Energy Company compare | 27.8% |
| MUR Murphy Oil Corporation compare | 25.8% |
| SM SM Energy Company | 23.6% |
| CHRD Chord Energy Corporation compare | 22.8% |
| Oil & Gas E&P industry median | 24.0% |
| Energy sector median | 15.2% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on SM
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement