KPIs & Operating Metrics(New)
Growth Metrics

SM Energy (SM) Cost of Revenue (2016 - 2025)

SM Energy (SM) has disclosed Cost of Revenue for 17 consecutive years, with $206.9 million as the latest value for Q4 2025.

  • Quarterly Cost of Revenue fell 3.61% to $206.9 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $885.0 million through Dec 2025, up 38.93% year-over-year, with the annual reading at $885.0 million for FY2025, 38.93% up from the prior year.
  • Cost of Revenue for Q4 2025 was $206.9 million at SM Energy, down from $229.0 million in the prior quarter.
  • The five-year high for Cost of Revenue was $229.0 million in Q3 2025, with the low at $100.9 million in Q1 2021.
  • Average Cost of Revenue over 5 years is $160.6 million, with a median of $145.1 million recorded in 2022.
  • The sharpest move saw Cost of Revenue fell 15.58% in 2021, then skyrocketed 63.96% in 2025.
  • Over 5 years, Cost of Revenue stood at $143.3 million in 2021, then increased by 5.15% to $150.7 million in 2022, then dropped by 8.54% to $137.8 million in 2023, then soared by 55.75% to $214.6 million in 2024, then dropped by 3.61% to $206.9 million in 2025.
  • According to Business Quant data, Cost of Revenue over the past three periods came in at $206.9 million, $229.0 million, and $224.0 million for Q4 2025, Q3 2025, and Q2 2025 respectively.