KPIs & Operating Metrics(New)
Growth Metrics

SM Energy (SM) EBT Margin (2016 - 2025)

SM Energy (SM) has disclosed EBT Margin for 17 consecutive years, with 20.12% as the latest value for Q4 2025.

  • On a quarterly basis, EBT Margin fell 810.0% to 20.12% in Q4 2025 year-over-year; TTM through Dec 2025 was 26.45%, a 946.0% decrease, with the full-year FY2025 number at 26.45%, down 946.0% from a year prior.
  • EBT Margin was 20.12% for Q4 2025 at SM Energy, down from 25.17% in the prior quarter.
  • In the past five years, EBT Margin ranged from a high of 72.58% in Q3 2022 to a low of 56.59% in Q1 2021.
  • A 5-year average of 27.04% and a median of 30.67% in 2024 define the central range for EBT Margin.
  • Peak YoY movement for EBT Margin: skyrocketed 11434bps in 2021, then tumbled -4501bps in 2023.
  • SM Energy's EBT Margin stood at 52.4% in 2021, then decreased by -10bps to 47.41% in 2022, then rose by 3bps to 48.7% in 2023, then plummeted by -42bps to 28.22% in 2024, then fell by -29bps to 20.12% in 2025.
  • Per Business Quant, the three most recent readings for SM's EBT Margin are 20.12% (Q4 2025), 25.17% (Q3 2025), and 32.16% (Q2 2025).