KPIs & Operating Metrics(New)
Growth Metrics

SM Energy (SM) FCF Margin (2016 - 2025)

SM Energy (SM) has disclosed FCF Margin for 17 consecutive years, with 137.46% as the latest value for Q4 2025.

  • On a quarterly basis, FCF Margin fell 16373.0% to 137.46% in Q4 2025 year-over-year; TTM through Dec 2025 was 18.26%, a 71.0% increase, with the full-year FY2025 number at 18.26%, up 71.0% from a year prior.
  • FCF Margin was 137.46% for Q4 2025 at SM Energy, down from 161.1% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 161.1% in Q3 2025 to a low of 137.46% in Q4 2025.
  • A 5-year average of 17.46% and a median of 18.22% in 2023 define the central range for FCF Margin.
  • Biggest YoY gain for FCF Margin was 23987bps in 2025; the steepest drop was -16373bps in 2025.
  • SM Energy's FCF Margin stood at 28.47% in 2021, then crashed by -205bps to 86.74% in 2022, then soared by 149bps to 42.39% in 2023, then plummeted by -38bps to 26.27% in 2024, then plummeted by -623bps to 137.46% in 2025.
  • Per Business Quant, the three most recent readings for SM's FCF Margin are 137.46% (Q4 2025), 161.1% (Q3 2025), and 20.5% (Q2 2025).