SM Energy (SM) EBIT Margin (2009 - 2026)
SM Energy (SM) reported EBIT Margin of 20.15% for Q1 2026, down 5301.0% 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 18 years of EBIT Margin data on file, last reported at 20.15% in Q1 2026.
- EBIT Margin for Q1 2026 came in at 20.15%, down 5301.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 11.2% (down 2831.0% YoY), and the FY2025 annual result was 31.71%, down 829.0% from the prior year.
- EBIT Margin eased to 20.15% in Q1 2026 per SM's latest filing, from 25.38% in the prior quarter.
- Over five years, EBIT Margin peaked at 74.48% in Q3 2022 and troughed at 20.15% in Q1 2026.
- A 5-year average of 36.65% and a median of 37.19% in 2025 frame the typical range for EBIT Margin.
- The sharpest annual moves came in 2022 and 2026: EBIT Margin soared 8372 bps in 2022, then sank 5301 bps in 2026.
- A 5-year view of EBIT Margin shows it stood at 51.2% in 2022, then slipped by 0 bps to 51.07% in 2023, then tumbled by 34 bps to 33.72% in 2024, then retreated by 25 bps to 25.38% in 2025, then slumped 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 30.39% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | - |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | 72.10% |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 45.70% |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | 37.54% |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | 71.82% |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | 2.74% |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | 24.92% |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | 60.26% |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | 71.27% |
| 10 | SM Energy | 6.19 Bn | 5.54 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 | 30.39% |
| Jun 30, 2025 | 37.19% |
| Mar 31, 2025 | 32.86% |
| Dec 31, 2024 | 33.72% |
| Sep 30, 2024 | 51.42% |
| Jun 30, 2024 | 44.03% |
| Mar 31, 2024 | 31.88% |
| Dec 31, 2023 | 51.07% |
| Sep 30, 2023 | 30.58% |
| Jun 30, 2023 | 38.01% |
| Mar 31, 2023 | 47.44% |
| Dec 31, 2022 | 51.20% |
| Sep 30, 2022 | 74.48% |
| Jun 30, 2022 | 51.69% |
| Mar 31, 2022 | 11.83% |
| Dec 31, 2021 | 55.49% |
| Sep 30, 2021 | 16.62% |
| Jun 30, 2021 | -32.03% |