SM Energy (SM) EBT Margin (2009 - 2026)
SM Energy (SM) reported EBT Margin of 55.56% for Q2 2026, up 23.66 percentage points from 31.90% a year earlier and up 83.28 percentage points from the prior quarter.
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Analysis
SM Energy (SM) EBT Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, SM Energy's EBT Margin came in at 24.10%, down 8.57 percentage points year-over-year; for FY2025, it was 26.32%, down 9.59 percentage points from FY2024.
- EBT Margin has declined for three consecutive years, though with a five-year change of +111.23 percentage points (FY2020 to FY2025).
- By year, EBT Margin came in at 35.91% in FY2024 (-2.59 pp), 38.50% in FY2023 (-3.06 pp), 41.56% in FY2022 (+39.80 pp) and 1.76% in FY2021 (+86.67 pp).
- The Q2 2026 figure ranks as the highest quarterly EBT Margin since Q3 2022.
- Year over year, EBT Margin gained in two of the last eight quarters, with an average year-over-year change of -9.14 percentage points.
- The high point for year-over-year EBT Margin in five years was Q4 2021 (a gain of 112.88 percentage points); the low point was Q1 2026 (a drop of 55.18 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -27.72% (Q1 2026), 20.03% (Q4 2025) and 25.17% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 548.90 Bn | 459.45 Bn | 30.13 Bn | 16.64% |
| 2 | Chevron | 407.58 Bn | 385.38 Bn | 33.45 Bn | 23.84% |
| 3 | TotalEnergies SE | 199.37 Bn | 82.49 Bn | - | - |
| 4 | Eni Spa | 174.90 Bn | 124.42 Bn | - | 17.58% |
| 5 | Conocophillips | 151.32 Bn | 124.03 Bn | 12.81 Bn | 31.15% |
| 6 | Equinor Asa | 105.71 Bn | 51.77 Bn | - | 37.04% |
| 7 | Phillips 66 | 101.18 Bn | 90.17 Bn | 8.38 Bn | 9.55% |
| 8 | Canadian Natural Resources | 99.04 Bn | 95.99 Bn | - | 39.94% |
| 9 | Suncor Energy | 82.08 Bn | 67.87 Bn | - | 28.46% |
| 10 | SM Energy | 7.97 Bn | 6.37 Bn | 1.94 Bn | 55.56% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 55.56% |
| Mar 31, 2026 | -27.72% |
| Dec 31, 2025 | 20.03% |
| Sep 30, 2025 | 25.17% |
| Jun 30, 2025 | 31.90% |
| Mar 31, 2025 | 27.46% |
| Dec 31, 2024 | 28.31% |
| Sep 30, 2024 | 46.25% |
| Jun 30, 2024 | 41.59% |
| Mar 31, 2024 | 29.16% |
| Dec 31, 2023 | 47.90% |
| Sep 30, 2023 | 27.52% |
| Jun 30, 2023 | 34.86% |
| Mar 31, 2023 | 44.30% |
| Dec 31, 2022 | 48.16% |
| Sep 30, 2022 | 71.89% |
| Jun 30, 2022 | 41.35% |
| Mar 31, 2022 | 7.17% |
| Dec 31, 2021 | 50.87% |
| Sep 30, 2021 | 11.25% |
API Access
SM Energy EBT 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=ebt-margin&ticker=SM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=SM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();