SM Energy
SM
35.25
+0.15
+0.43%
SM Energy
US · SM
#1631 by market cap
Listed 1970
35.25
+0.15
+0.43%
Live - 5344 symbols - heartbeat 472s ago
· 2026-10-08 08:23
Pre-market
36.57
+3.74%
After-hours
35.25
0.00%
Overnight
35.94
+1.96%
- Market cap
- 8.38B
- P/E (TTM)i
- 6.25
- P/Bi
- 1.07
- EPSi
- 5.64
- Div yieldi
- 2.95%
- 52W posi
- 74%
Reader sentiment
Are you bullish or bearish on SM?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Fair
- Altman Z-Score is 2.22, in the 1.8-3.0 "grey zone".
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +17.25% YoY
Margins
- Gross margin
- 33.33%
- Operating margin
- 26.20%
- Net margin
- 20.65%
Key ratios & quality
- Enterprise valuei
- 10.73B
- Altman Z-Scorei
- 2.22
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.07B | 1.59B | 1.13B | 2.62B | 3.35B | 2.37B | 2.69B | 3.15B |
| Gross profit | 487.48M | 261.24M | -50.02M | 1.32B | 2.12B | 1.11B | 1.23B | 1.05B |
| Selling & admin expenses | 116.50M | 132.80M | 99.16M | 111.95M | 114.56M | 121.00M | 138.00M | 161.00M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 297.48M | 61.41M | -214.51M | 1.15B | 1.95B | 919.00M | 1.03B | 822.00M |
| Pretax profit | 651.78M | -231.04M | -956.71M | 46.17M | 1.40B | 914.00M | 966.00M | 830.00M |
| Tax | 143.37M | -44.04M | -192.09M | 9.94M | 283.82M | 96.00M | 196.00M | 182.00M |
| Net profit | 508.41M | -187.00M | -764.61M | 36.23M | 1.11B | 818.00M | 770.00M | 648.00M |
| Basic EPS | 5 | -2 | -7 | 0 | 9 | 7 | 7 | 6 |
| Diluted EPS | 4.48 | -1.66 | -6.72 | 0.29 | 8.96 | 6.86 | 6.67 | 5.64 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 845.00M | 785.00M | 811.01M | 718.30M | 1.48B | 2.16B |
| Gross profit | 345.00M | 268.00M | 256.60M | 176.67M | 617.00M | 1.01B |
| Selling & admin expenses | 39.00M | 42.00M | 39.32M | 40.25M | 174.00M | 79.00M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 294.00M | 217.00M | 201.00M | 110.89M | 399.00M | 962.00M |
| Pretax profit | 232.00M | 253.00M | 204.29M | 141.20M | -410.00M | 1.39B |
| Tax | 50.00M | 51.00M | 49.21M | 32.23M | -75.00M | 318.00M |
| Net profit | 182.00M | 202.00M | 155.09M | 108.98M | -335.00M | 1.07B |
| Basic EPS | 2 | 2 | 1 | 1 | -2 | 4 |
| Diluted EPS | 1.59 | 1.76 | 1.35 | 0.95 | -1.68 | 4.46 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 429.26M | 252.63M | 203.67M | 613.19M | 737.20M | 916.44M | 435.00M | 811.00M |
| Cash & ST investments | 77.97M | 10.00K | 10.00K | 332.72M | 445.00M | 616.16M | 0 | 368.00M |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 6.35B | 6.29B | 4.98B | 5.23B | 5.72B | 6.38B | 8.58B | 9.25B |
| Total current liabilities | 466.05M | 472.04M | 583.74M | 889.33M | 598.58M | 633.81M | 790.00M | 1.17B |
| Short-term debt | -- | -- | -- | -- | -- | -- | -- | 419.00M |
| Long-term debt | 2.60B | 2.73B | 2.21B | 2.08B | 1.57B | 1.58B | 2.78B | 2.30B |
| Total liabilities | 3,432,540,000.00 | 3,543,238,000.00 | 2,960,271,000.00 | 3,170,846,000.00 | 2,630,581,000.00 | 2,764,135,000.00 | 4,340,000,000.00 | 4,443,000,000.00 |
| Total equity | 2.92B | 2.75B | 2.02B | 2.06B | 3.09B | 3.62B | 4.24B | 4.81B |
| Retained earnings | 1.17B | 967.59M | 200.70M | 234.53M | 1.31B | 2.05B | 2.74B | 3.29B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 471.82M | 575.09M | 632.96M | 811.00M | 1.67B | 1.90B |
| Cash & ST investments | 54.00K | 101.88M | 162.25M | 368.00M | 449.00M | 620.00M |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 8.79B | 8.99B | 9.09B | 9.25B | 19.14B | 18.86B |
| Total current liabilities | 822.72M | 837.95M | 1.14B | 1.17B | 4.28B | 3.09B |
| Short-term debt | -- | -- | 418.59M | 419.00M | 1.24B | 416.00M |
| Long-term debt | 2.75B | 2.71B | 2.29B | 2.30B | 6.74B | 6.62B |
| Total liabilities | 4,383,932,000.00 | 4,403,137,000.00 | 4,376,413,000.00 | 4,443,000,000.00 | 12,276,000,000.00 | 11,045,000,000.00 |
| Total equity | 4.40B | 4.59B | 4.71B | 4.81B | 6.87B | 7.81B |
| Retained earnings | 2.89B | 3.07B | 3.21B | 3.29B | 2.90B | 3.92B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 720.63M | 823.57M | 790.94M | 1.16B | 1.69B | 1.57B | 1.78B | 2.01B |
| Depreciation & amortization | 665.31M | 823.80M | 784.99M | 774.39M | 603.78M | 690.00M | 809.00M | 1.21B |
| Free cash flow | -615.81M | -202.78M | 235.29M | 481.61M | 806.47M | 475.00M | -1.63B | 539.00M |
| Dividends paid | -11.19M | -11.25M | -2.28M | -2.39M | -19.64M | -72.00M | -85.00M | -92.00M |
| Stock buybacks / issuance | 3.19M | 3.21M | 1.46M | -6.43M | -54.17M | -225.00M | -83.00M | -10.00M |
| Ending cash balance | 77.97M | 10.00K | 10.00K | 332.72M | 445.00M | 616.00M | 0 | 368.00M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 483.00M | 571.00M | 505.09M | 451.91M | 640.00M | 1.10B |
| Depreciation & amortization | 270.00M | 293.00M | 325.26M | 318.74M | 432.00M | 592.00M |
| Free cash flow | 69.00M | 161.00M | 85.85M | 223.15M | 85.00M | 349.00M |
| Dividends paid | -23.00M | -23.00M | -22.78M | -23.22M | -82.00M | -53.00M |
| Stock buybacks / issuance | -- | -- | -9.85M | 849.00K | -- | -- |
| Ending cash balance | 0 | 102.00M | 162.25M | 368.00M | 449.00M | 620.00M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 19.13 | -6.60 | -32.09 | 1.78 | 43.19 | 24.41 | 19.62 | 14.32 |
| ROA %i | 8.12 | -2.96 | -13.57 | 0.71 | 20.31 | 13.52 | 10.30 | 7.27 |
| ROIC %i | 11.72 | -1.06 | -13.05 | 3.87 | 27.45 | 17.91 | 14.04 | 10.44 |
| 5-year avg ROE %i | -1.94 | -10.10 | -12.20 | -4.87 | 5.08 | 6.14 | 11.38 | 20.66 |
| EBIT margin %i | 49.55 | -4.53 | -70.37 | 7.95 | 45.31 | 42.55 | 41.44 | 31.96 |
| FCF / sales %i | -- | -- | 20.88 | 18.54 | 24.10 | 20.10 | -- | 17.18 |
| Current ratioi | 0.92 | 0.54 | 0.35 | 0.69 | 1.23 | 1.45 | 0.55 | 0.69 |
| Quick ratioi | 0.51 | 0.38 | 0.25 | 0.65 | 1.13 | 1.34 | 0.46 | 0.60 |
| Debt / assetsi | 40.87 | 43.43 | 44.50 | 39.76 | 27.51 | 24.69 | 32.38 | 29.34 |
| LT debt / equityi | 88.91 | 99.41 | 109.83 | 100.87 | 50.96 | 43.57 | 65.54 | 47.73 |
| Interest coveragei | 5.05 | -0.45 | -4.84 | 1.29 | 12.60 | 10.98 | 7.87 | 5.80 |
| Revenue CAGR (3Y) %i | 2.71 | 10.34 | -3.68 | 16.57 | 28.26 | 28.04 | 0.93 | -2.12 |
| Net income CAGR (3Y) %i | -- | -- | -- | -58.54 | -- | -- | 177.00 | -16.47 |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | 26.39 | -- | -12.57 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 20.28 | 19.27 | 16.58 | 14.32 | 2.32 | 16.13 |
| ROA %i | 10.82 | 10.39 | 8.50 | 7.27 | 0.94 | 7.18 |
| ROIC %i | 14.98 | 14.83 | 11.82 | 10.44 | 2.58 | 10.94 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 40.60 | 38.91 | 33.82 | 31.96 | 11.39 | 31.75 |
| FCF / sales %i | -- | -- | -- | 17.18 | 14.70 | 14.44 |
| Current ratioi | 0.57 | 0.69 | 0.56 | 0.69 | 0.39 | 0.62 |
| Quick ratioi | 0.47 | 0.56 | 0.47 | 0.60 | 0.32 | 0.52 |
| Debt / assetsi | 31.26 | 30.15 | 29.84 | 29.34 | 41.66 | 37.31 |
| LT debt / equityi | 62.38 | 59.07 | 48.68 | 47.73 | 98.15 | 84.73 |
| Interest coveragei | 7.34 | 6.57 | 6.28 | 5.80 | 1.78 | 5.27 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Oil production revenue is the largest reported line at 93.97% of revenue, across 3 reported segments.
- The next-largest line, Natural gas liquids (NGL) production revenue, is a distant second at 5.33% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Oil production revenue93.97%
Natural gas liquids (NGL) production revenue5.33%
Gas production revenue0.70%
Quote time 2026-10-08 08:23:59 · For reference only, not investment advice and not tailored to your situation.