SM Energy (SM) EBIT Margin (2009 - 2026)
SM Energy's (SM) quarterly EBIT Margin came in at 20.15% in Q1 2026, down 5281.0% year-on-year from 0.39% in Q1 2025, and down 179.38% on a QoQ basis from 25.38% in Q4 2025.
SM Energy (SM) EBIT Margin (2009 - 2026) Analysis & Trends
SM Energy (SM) has 18 years of EBIT Margin data on file, last reported at 20.15% in Q1 2026.
- On a quarterly basis, EBIT Margin fell 5281.0% year-over-year to 20.15% in Q1 2026; TTM through Mar 2026 was 11.2%, a 2853.0% decrease from a year earlier, with the FY2025 full-year figure at 31.71%, down 858.0% from the prior year.
- EBIT Margin for Q1 2026 stood at 20.15%, down from 25.38% in the prior quarter.
- Over the last five years, EBIT Margin for SM reached as high as 75.19% in Q3 2022 and fell as low as 20.15% in Q1 2026.
- Historically, EBIT Margin has averaged 36.79% across 5 years, with a median of 37.19% in 2025.
- Across the five-year window, EBIT Margin jumped 8389 bps in 2022 and plunged 5281 bps in 2026, its largest moves.
- Year by year, EBIT Margin stood at 51.2% in 2022, then advanced by 1 bps to 51.77% in 2023, then plunged by 33 bps to 34.49% in 2024, then decreased by 26 bps to 25.38% in 2025, then tumbled by 179 bps to 20.15% in 2026.
- Per Business Quant data, the three most recent EBIT Margin figures were 20.15% in Q1 2026, 25.38% in Q4 2025, and 30.37% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 45.70% |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 37.54% |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 2.74% |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | 89.26% |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 0.36% |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 21.77% |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | 76.99% |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 3.68% |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 34.82% |
| 10 | SM Energy | 6.05 Bn | 5.40 Bn | 1.05 Bn | -20.15% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -20.15% |
| Dec 31, 2025 | 25.38% |
| Sep 30, 2025 | 30.37% |
| Jun 30, 2025 | 37.19% |
| Mar 31, 2025 | 32.66% |
| Dec 31, 2024 | 34.49% |
| Sep 30, 2024 | 51.52% |
| Jun 30, 2024 | 44.10% |
| Mar 31, 2024 | 31.88% |
| Dec 31, 2023 | 51.77% |
| Sep 30, 2023 | 30.58% |
| Jun 30, 2023 | 38.01% |
| Mar 31, 2023 | 47.66% |
| Dec 31, 2022 | 51.20% |
| Sep 30, 2022 | 75.19% |
| Jun 30, 2022 | 51.78% |
| Mar 31, 2022 | 11.83% |
| Dec 31, 2021 | 54.07% |
| Sep 30, 2021 | 16.62% |
| Jun 30, 2021 | -32.11% |