SM Energy (SM) EBT Margin (2009 - 2026)
SM Energy (SM) reported EBT Margin of 27.72% for Q1 2026, down 5534.0% 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 18 years of EBT Margin data on file, last reported at 27.72% in Q1 2026.
- EBT Margin for Q1 2026 came in at 27.72%, down 5534.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 4.95% (down 2989.0% YoY), and the FY2025 annual result was 26.32%, down 959.0% from the prior year.
- EBT Margin fell to 27.72% in Q1 2026 per SM's latest filing, from 19.66% in the prior quarter.
- Over five years, EBT Margin peaked at 71.89% in Q3 2022 and troughed at 27.72% in Q1 2026.
- A 5-year average of 32.08% and a median of 31.84% in 2025 frame the typical range for EBT Margin.
- The sharpest annual moves came in 2022 and 2026: EBT Margin soared 8092 bps in 2022, then tumbled 5534 bps in 2026.
- A 5-year view of EBT Margin shows it stood at 48.31% in 2022, then declined by 1 bps to 48.04% in 2023, then tumbled by 41 bps to 28.31% in 2024, then plunged by 31 bps to 19.66% in 2025, then plunged 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 25.19% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | - |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | 16.00% |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 21.34% |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | 36.92% |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | 7.46% |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | 4.15% |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | 16.59% |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | 58.82% |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | -47.21% |
| 10 | SM Energy | 6.19 Bn | 5.54 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 | 25.19% |
| Jun 30, 2025 | 31.84% |
| Mar 31, 2025 | 27.62% |
| Dec 31, 2024 | 28.31% |
| Sep 30, 2024 | 46.25% |
| Jun 30, 2024 | 41.59% |
| Mar 31, 2024 | 29.18% |
| Dec 31, 2023 | 48.04% |
| Sep 30, 2023 | 27.57% |
| Jun 30, 2023 | 34.86% |
| Mar 31, 2023 | 44.30% |
| Dec 31, 2022 | 48.31% |
| Sep 30, 2022 | 71.89% |
| Jun 30, 2022 | 41.35% |
| Mar 31, 2022 | 7.17% |
| Dec 31, 2021 | 50.87% |
| Sep 30, 2021 | 11.26% |
| Jun 30, 2021 | -39.58% |