SM Energy (SM) EBITDA Margin (2009 - 2026)
SM Energy's EBITDA Margin came in at 37.79% for Q3 2026, down 32.90 percentage points from 70.69% a year earlier and down 45.53 percentage points from the prior quarter.
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Analysis
SM Energy (SM) EBITDA Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, SM Energy reported EBITDA Margin of 51.58%, down 16.95 percentage points year-over-year; for FY2025, it came in at 70.29%, down 0.04 percentage points from FY2024.
- EBITDA Margin carries a five-year change of +93.92 percentage points (FY2020 to FY2025).
- Going back by year, EBITDA Margin was 70.33% in FY2024 (-0.52 pp), 70.85% in FY2023 (+5.54 pp), 65.31% in FY2022 (+27.15 pp) and 38.16% in FY2021 (+61.79 pp).
- The five-year range for quarterly EBITDA Margin is 8.72% (Q1 2026) to 92.10% (Q3 2022).
- Year-over-year, EBITDA Margin increased in four of the last eight quarters, with an average year-over-year change of -12.31 percentage points.
- The fastest year-over-year change in EBITDA Margin over five years came in Q4 2021 (a gain of 72.63 percentage points), and the weakest in Q1 2026 (a drop of 56.25 percentage points).
- Business Quant data shows SM's EBITDA Margin at 83.32% (Q2 2026), 8.72% (Q1 2026) and 71.35% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 24.94% |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | 1,326.59% |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 29.80% |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | 46.16% |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | 13.16% |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 65.81% |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | 45.38% |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | 91.50% |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 15.42% |
| 10 | SM Energy | 7.71 Bn | 5.83 Bn | 1.60 Bn | 37.79% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 37.79% |
| Jun 30, 2026 | 83.32% |
| Mar 31, 2026 | 8.72% |
| Dec 31, 2025 | 71.35% |
| Sep 30, 2025 | 70.69% |
| Jun 30, 2025 | 74.40% |
| Mar 31, 2025 | 64.97% |
| Dec 31, 2024 | 64.51% |
| Sep 30, 2024 | 83.29% |
| Jun 30, 2024 | 72.56% |
| Mar 31, 2024 | 61.79% |
| Dec 31, 2023 | 82.04% |
| Sep 30, 2023 | 60.28% |
| Jun 30, 2023 | 66.92% |
| Mar 31, 2023 | 74.56% |
| Dec 31, 2022 | 72.64% |
| Sep 30, 2022 | 92.10% |
| Jun 30, 2022 | 67.66% |
| Mar 31, 2022 | 30.85% |
| Dec 31, 2021 | 79.34% |
API Access
SM Energy EBITDA 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=ebitda-margin&ticker=SM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-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=ebitda-margin&ticker=SM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();