SM Energy (SM) FCF Margin (2009 - 2026)
SM Energy (SM) recorded FCF Margin of 18.94% in Q3 2026, up 5.76 percentage points from 13.18% a year earlier and up 4.98 percentage points from the prior quarter.
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Analysis
SM Energy (SM) FCF Margin (2009 - 2026) Analysis & Trends
On a TTM basis, SM Energy's FCF Margin came in at 15.28% as of Sep 30, 2026, up 61.96 percentage points year-over-year; for FY2025, it was 17.09%, up 77.76 percentage points from FY2024.
- Annual FCF Margin has a five-year change of -4.49 percentage points (FY2020 to FY2025).
- Across earlier years, FCF Margin came in at -60.67% in FY2024 (-80.68 pp), 20.01% in FY2023 (-4.00 pp), 24.01% in FY2022 (+5.65 pp) and 18.36% in FY2021 (-3.22 pp).
- Quarterly FCF Margin has ranged from -220.51% in Q4 2024 to 41.59% in Q4 2023 over the past five years.
- On a year-over-year basis, FCF Margin rose in three of the last eight quarters, with an average year-over-year change of -1.46 percentage points.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 249.16 percentage points in Q4 2025, against a drop of 262.10 percentage points in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 13.96% (Q2 2026), 5.75% (Q1 2026) and 28.65% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 16.32% |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | 1,144.26% |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 17.70% |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | 29.69% |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | 16.74% |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 20.25% |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | 31.39% |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | 56.76% |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 12.82% |
| 10 | SM Energy | 7.71 Bn | 5.83 Bn | 1.60 Bn | 18.94% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 18.94% |
| Jun 30, 2026 | 13.96% |
| Mar 31, 2026 | 5.75% |
| Dec 31, 2025 | 28.65% |
| Sep 30, 2025 | 13.18% |
| Jun 30, 2025 | 20.30% |
| Mar 31, 2025 | 8.17% |
| Dec 31, 2024 | -220.51% |
| Sep 30, 2024 | 23.20% |
| Jun 30, 2024 | 24.22% |
| Mar 31, 2024 | -10.07% |
| Dec 31, 2023 | 41.59% |
| Sep 30, 2023 | 22.75% |
| Jun 30, 2023 | -2.71% |
| Mar 31, 2023 | 15.85% |
| Dec 31, 2022 | 0.04% |
| Sep 30, 2022 | 34.38% |
| Jun 30, 2022 | 32.96% |
| Mar 31, 2022 | 22.33% |
| Dec 31, 2021 | 35.29% |
API Access
SM Energy FCF 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=fcf-margin&ticker=SM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=SM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();