SM Energy (SM) EBIT Margin (2009 - 2026)
SM Energy (SM) posted quarterly EBIT Margin of 20.15% for Q1 2026, down 5281.0% year-over-year from 0.39% in Q1 2025, and down 179.38% quarter-over-quarter from 25.38% in Q4 2025.
SM Energy (SM) EBIT Margin (2009 - 2026) Analysis & Trends
SM Energy (SM) has reported EBIT Margin for 18 consecutive years, with 20.15% the latest figure, recorded in Q1 2026.
- In Q1 2026, EBIT Margin fell 5281.0% year-over-year to 20.15%; the TTM figure through Mar 2026 stood at 11.2% (down 2853.0% YoY), while the FY2025 annual figure was 31.71%, down 858.0% from the prior year.
- EBIT Margin retreated to 20.15% in Q1 2026 per SM's latest filing, from 25.38% in the prior quarter.
- Across five years, EBIT Margin topped out at 75.19% in Q3 2022 and bottomed at 20.15% in Q1 2026.
- Historically, EBIT Margin has averaged 36.79% across 5 years, with a median of 37.19% in 2025.
- Annual changes were most pronounced in 2022 — EBIT Margin soared 8389 bps — and 2026, when it slumped 5281 bps.
- SM Energy's EBIT Margin stood at 51.2% in 2022, then rose by 1 bps to 51.77% in 2023, then plunged by 33 bps to 34.49% in 2024, then fell by 26 bps to 25.38% in 2025, then tumbled by 179 bps to 20.15% in 2026.
- Business Quant data shows SM's EBIT Margin at 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 | 164.06 Bn | 156.37 Bn | 12.81 Bn | 53.17% |
| 2 | Canadian Natural Resources | 106.89 Bn | 105.00 Bn | 10.66 Bn | 84.71% |
| 3 | Eog Resources | 80.08 Bn | 75.18 Bn | - | 40.93% |
| 4 | Diamondback Energy | 59.29 Bn | 58.83 Bn | 5.55 Bn | 45.16% |
| 5 | Woodside Energy | 46.14 Bn | 40.20 Bn | 6.02 Bn | 91.41% |
| 6 | Devon Energy | 45.92 Bn | 44.91 Bn | 6.02 Bn | 32.14% |
| 7 | Occidental Petroleum | 39.32 Bn | 35.17 Bn | 7.73 Bn | 39.52% |
| 8 | Eqt | 33.73 Bn | 33.61 Bn | 1.42 Bn | 21.77% |
| 9 | Texas Pacific Land | 26.25 Bn | 26.00 Bn | - | 77.96% |
| 10 | SM Energy | 8.87 Bn | 8.10 Bn | 1.94 Bn | 59.84% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 59.84% |
| 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% |