SM Energy (SM) EBT Margin (2009 - 2026)
SM Energy's (SM) quarterly EBT Margin came in at 27.72% in Q1 2026, down 5518.0% year-on-year from 0.51% in Q1 2025, and down 241.02% on a QoQ basis from 19.66% in Q4 2025.
SM Energy (SM) EBT Margin (2009 - 2026) Analysis & Trends
SM Energy (SM) has 18 years of EBT Margin data on file, last reported at 27.72% in Q1 2026.
- On a quarterly basis, EBT Margin fell 5518.0% year-over-year to 27.72% in Q1 2026; TTM through Mar 2026 was 4.94%, a 3009.0% decrease from a year earlier, with the FY2025 full-year figure at 26.32%, down 985.0% from the prior year.
- EBT Margin for Q1 2026 stood at 27.72%, down from 19.66% in the prior quarter.
- Over the last five years, EBT Margin for SM reached as high as 72.58% in Q3 2022 and fell as low as 27.72% in Q1 2026.
- Historically, EBT Margin has averaged 32.21% across 5 years, with a median of 31.84% in 2025.
- Across the five-year window, EBT Margin jumped 8109 bps in 2022 and slumped 5518 bps in 2026, its largest moves.
- Year by year, EBT Margin stood at 48.31% in 2022, then advanced 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.
- Per Business Quant data, the three most recent EBT Margin figures were 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 | 141.43 Bn | 135.06 Bn | 9.48 Bn | 21.34% |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 36.92% |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 4.15% |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | 62.57% |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 7.46% |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 20.24% |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | 77.51% |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 0.62% |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 33.86% |
| 10 | SM Energy | 6.05 Bn | 5.40 Bn | 1.05 Bn | -27.72% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | -39.67% |