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.
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SM Energy Company (SM) P/E ratio
As of 16 October 2026, SM Energy Company (SM) trades at a P/E ratio of 7.7×. Over the past ten years it has ranged from 0.0× (December 2021) to 327× (March 2022); the current reading is higher than 81% of that period. That is below the Oil & Gas E&P industry median of 11.0× and below the Energy sector median of 13.9×.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 3.3× | (42.70%) |
| FY2024 | 5.8× | 2.48% |
| FY2023 | 5.6× | 59.87% |
| FY2022 | 3.5× | (98.45%) |
| FY2021 | 227× | — |
| FY2020 | 0.0× | — |
| FY2019 | 0.0× | — |
| FY2018 | 3.4× | — |
| FY2017 | 0.0× | — |
| FY2016 | 0.0× | — |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 5.1× | (60.94%) |
| Mar 2026 | 13.1× | 295.83% |
| Dec 2025 | 3.3× | (15.83%) |
| Sep 2025 | 3.9× | 12.99% |
| 42 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| SM SM Energy Company | 7.7× |
| VIST Vista Energy, S.A.B. de C.V. - Sponsored ADR compare | 9.1× |
| MTDR Matador Resources Company compare | 9.9× |
| CHRD Chord Energy Corporation compare | 10.4× |
| AR Antero Resources Corporation compare | 11.0× |
| MGY Magnolia Oil & Gas Corp compare | 11.1× |
| RRC Range Resources Corporation compare | 11.8× |
| MUR Murphy Oil Corporation compare | 20.4× |
| CRGY Crescent Energy Company compare | 98.4× |
| Oil & Gas E&P industry median | 11.0× |
| Energy sector median | 13.9× |
| Market median | 18.1× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)