SM Energy (SM) EBT Margin (2009 - 2026)
SM Energy (SM) posted quarterly EBT Margin of 27.72% for Q1 2026, down 5518.0% year-over-year from 0.51% in Q1 2025, and down 241.02% quarter-over-quarter from 19.66% in Q4 2025.
SM Energy (SM) EBT Margin (2009 - 2026) Analysis & Trends
SM Energy (SM) has reported EBT Margin for 18 consecutive years, with 27.72% the latest figure, recorded in Q1 2026.
- In Q1 2026, EBT Margin fell 5518.0% year-over-year to 27.72%; the TTM figure through Mar 2026 stood at 4.94% (down 3009.0% YoY), while the FY2025 annual figure was 26.32%, down 985.0% from the prior year.
- EBT Margin eased to 27.72% in Q1 2026 per SM's latest filing, from 19.66% in the prior quarter.
- Across five years, EBT Margin topped out at 72.58% in Q3 2022 and bottomed at 27.72% in Q1 2026.
- Historically, EBT Margin has averaged 32.21% across 5 years, with a median of 31.84% in 2025.
- Annual changes were most pronounced in 2022 — EBT Margin soared 8109 bps — and 2026, when it plunged 5518 bps.
- SM Energy's EBT Margin stood at 48.31% in 2022, then rose by 1 bps to 48.7% in 2023, then plunged by 41 bps to 28.96% in 2024, then sank by 32 bps to 19.66% in 2025, then sank by 241 bps to 27.72% in 2026.
- Business Quant data shows SM's EBT Margin at 27.72% in Q1 2026, 19.66% in Q4 2025, and 25.17% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 31.15% |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 34.20% |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 40.59% |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 47.38% |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 28.52% |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | 32.93% |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 48.54% |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 20.24% |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 78.72% |
| 10 | SM Energy | 8.96 Bn | 8.19 Bn | 1.94 Bn | 55.56% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 55.56% |
| Mar 31, 2026 | -27.72% |
| Dec 31, 2025 | 19.66% |
| Sep 30, 2025 | 25.17% |
| Jun 30, 2025 | 31.84% |
| Mar 31, 2025 | 27.46% |
| Dec 31, 2024 | 28.96% |
| Sep 30, 2024 | 46.34% |
| Jun 30, 2024 | 41.66% |
| Mar 31, 2024 | 29.18% |
| Dec 31, 2023 | 48.70% |
| Sep 30, 2023 | 27.57% |
| Jun 30, 2023 | 34.86% |
| Mar 31, 2023 | 44.51% |
| Dec 31, 2022 | 48.31% |
| Sep 30, 2022 | 72.58% |
| Jun 30, 2022 | 41.42% |
| Mar 31, 2022 | 7.17% |
| Dec 31, 2021 | 49.57% |
| Sep 30, 2021 | 11.26% |