KPIs & Operating Metrics(New)
Growth Metrics

SM Energy (SM) EBT Margin (2016 - 2026)

SM Energy has reported EBT Margin over the past 17 years, most recently at 19.66% for Q4 2025.

  • Quarterly EBT Margin fell 865.0% to 19.66% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 26.31% through Dec 2025, down 961.0% year-over-year, with the annual reading at 26.32% for FY2025, 959.0% down from the prior year.
  • EBT Margin was 19.66% for Q4 2025 at SM Energy, down from 25.17% in the prior quarter.
  • Over five years, EBT Margin peaked at 71.89% in Q3 2022 and troughed at 56.59% in Q1 2021.
  • The 5-year median for EBT Margin is 30.66% (2024), against an average of 26.99%.
  • Year-over-year, EBT Margin skyrocketed 11291bps in 2021 and then plummeted -4437bps in 2023.
  • A 5-year view of EBT Margin shows it stood at 50.87% in 2021, then fell by -5bps to 48.31% in 2022, then decreased by -1bps to 48.04% in 2023, then plummeted by -41bps to 28.31% in 2024, then plummeted by -31bps to 19.66% in 2025.
  • Per Business Quant, the three most recent readings for SM's EBT Margin are 19.66% (Q4 2025), 25.17% (Q3 2025), and 32.16% (Q2 2025).