SM Energy (SM) Debt Ratio (2009 - 2026)

SM Energy's (SM) quarterly Debt Ratio came in at 0.06 in Q1 2026, down 79.08% year-on-year from 0.31 in Q1 2025, and down 80.95% on a QoQ basis from 0.34 in Q4 2025.

SM Energy (SM) Debt Ratio (2009 - 2026) Analysis & Trends

SM Energy (SM) has 18 years of Debt Ratio data on file, last reported at 0.06 in Q1 2026.

  • On a quarterly basis, Debt Ratio fell 79.08% year-over-year to 0.06 in Q1 2026; TTM through Mar 2026 was 0.06, a 79.08% decrease from a year earlier, with the FY2025 full-year figure at 0.34, up 4108.86% from the prior year.
  • Debt Ratio for Q1 2026 stood at 0.06, down from 0.34 in the prior quarter.
  • Over the last five years, Debt Ratio for SM reached as high as 0.34 in Q4 2025 and fell as low as 0.01 in Q4 2024.
  • Historically, Debt Ratio has averaged 0.25 across 5 years, with a median of 0.28 in 2022.
  • Across the five-year window, Debt Ratio surged 4108.86% in 2025 and plunged 79.08% in 2026, its largest moves.
  • Year by year, Debt Ratio stood at 0.28 in 2022, then slipped by 5.55% to 0.26 in 2023, then slumped by 96.94% to 0.01 in 2024, then jumped by 4108.86% to 0.34 in 2025, then sank by 80.95% to 0.06 in 2026.
  • Per Business Quant data, the three most recent Debt Ratio figures were 0.06 in Q1 2026, 0.34 in Q4 2025, and 0.3 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Conocophillips 141.43 Bn 135.06 Bn 9.48 Bn 0.19
2 Eog Resources 74.61 Bn 70.76 Bn - 0.15
3 Diamondback Energy 55.39 Bn 55.39 Bn 4.22 Bn 0.20
4 Woodside Energy 41.28 Bn 35.34 Bn 2.71 Bn -
5 Occidental Petroleum 32.80 Bn 28.99 Bn 4.87 Bn 0.19
6 Eqt 32.48 Bn 32.37 Bn 1.42 Bn 0.14
7 Texas Pacific Land 27.36 Bn 27.11 Bn - -
8 Devon Energy 26.53 Bn 24.72 Bn 3.61 Bn 0.26
9 Expand Energy 21.67 Bn 19.37 Bn 4.21 Bn 0.20
10 SM Energy 6.05 Bn 5.40 Bn 1.05 Bn 0.06

Historic Data

Download Data
DateValue
Mar 31, 2026 0.06
Dec 31, 2025 0.34
Sep 30, 2025 0.30
Mar 31, 2025 0.31
Dec 31, 2024 0.01
Sep 30, 2024 0.34
Mar 31, 2024 0.25
Jun 30, 2023 0.26
Mar 31, 2023 0.27
Sep 30, 2022 0.28
Jun 30, 2022 0.29
Jun 30, 2021 0.01
Mar 31, 2021 0.03
Dec 31, 2020 0.02
Sep 30, 2020 0.42
Jun 30, 2020 0.43
Mar 31, 2020 0.01
Dec 31, 2019 0.41
Sep 30, 2019 0.02
Jun 30, 2019 0.02