SM Energy (SM) EBIT Margin (2009 - 2026)
SM Energy (SM) reported EBIT Margin of 10.88% for Q3 2026, down 19.42 percentage points from 30.30% a year earlier and down 48.96 percentage points from the prior quarter.
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Analysis
SM Energy (SM) EBIT Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, SM Energy's EBIT Margin came in at 23.58%, down 9.87 percentage points year-over-year; for FY2025, it came in at 31.71%, down 8.29 percentage points from FY2024.
- EBIT Margin has declined for three consecutive years, though with a five-year change of +126.58 percentage points (FY2020 to FY2025).
- By year, EBIT Margin came in at 40.00% in FY2024 (-1.58 pp), 41.58% in FY2023 (-5.45 pp), 47.03% in FY2022 (+39.05 pp) and 7.97% in FY2021 (+102.85 pp).
- Five-year quarterly EBIT Margin spans a low of -20.15% in Q1 2026 and a high of 74.48% in Q3 2022.
- Year over year, EBIT Margin gained in two of the last eight quarters, with an average year-over-year change of -12.73 percentage points.
- The high point for year-over-year EBIT Margin in five years was Q4 2021 (a gain of 109.20 percentage points); the low point was Q1 2026 (a drop of 52.81 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 59.84% (Q2 2026), -20.15% (Q1 2026) and 25.82% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 18.93% |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | 977.98% |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 20.54% |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | 39.66% |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | 7.15% |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 50.83% |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | 36.02% |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | 78.41% |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 14.27% |
| 10 | SM Energy | 7.71 Bn | 5.83 Bn | 1.60 Bn | 10.88% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 10.88% |
| Jun 30, 2026 | 59.84% |
| Mar 31, 2026 | -20.15% |
| Dec 31, 2025 | 25.82% |
| Sep 30, 2025 | 30.30% |
| Jun 30, 2025 | 37.20% |
| Mar 31, 2025 | 32.66% |
| Dec 31, 2024 | 33.72% |
| Sep 30, 2024 | 51.42% |
| Jun 30, 2024 | 44.03% |
| Mar 31, 2024 | 31.86% |
| Dec 31, 2023 | 50.92% |
| Sep 30, 2023 | 30.52% |
| Jun 30, 2023 | 38.01% |
| Mar 31, 2023 | 47.44% |
| Dec 31, 2022 | 51.04% |
| Sep 30, 2022 | 74.48% |
| Jun 30, 2022 | 51.69% |
| Mar 31, 2022 | 11.83% |
| Dec 31, 2021 | 55.49% |
API Access
SM Energy EBIT Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebit-margin&ticker=SM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebit-margin", "ticker": "SM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebit-margin&ticker=SM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();