SM Energy (SM) FCF Margin (2009 - 2026)
SM Energy's (SM) quarterly FCF Margin came in at 5.75% in Q1 2026, down 242.0% year-on-year from 4.05% in Q1 2025, and down 90.61% on a QoQ basis from 61.17% in Q4 2025.
SM Energy (SM) FCF Margin (2009 - 2026) Analysis & Trends
SM Energy (SM) has 18 years of FCF Margin data on file, last reported at 5.75% in Q1 2026.
- On a quarterly basis, FCF Margin fell 242.0% year-over-year to 5.75% in Q1 2026; TTM through Mar 2026 was 52.42%, a 4345.0% increase from a year earlier, with the FY2025 full-year figure at 62.68%, up 4501.0% from the prior year.
- FCF Margin for Q1 2026 stood at 5.75%, down from 61.17% in the prior quarter.
- Over the last five years, FCF Margin for SM reached as high as 131.52% in Q4 2022 and fell as low as 87.86% in Q4 2024.
- Historically, FCF Margin has averaged 49.21% across 5 years, with a median of 56.67% in 2023.
- Across the five-year window, FCF Margin sank 16725 bps in 2024 and surged 14903 bps in 2025, its largest moves.
- Year by year, FCF Margin stood at 131.52% in 2022, then plunged by 40 bps to 79.39% in 2023, then slumped by 211 bps to 87.86% in 2024, then soared by 170 bps to 61.17% in 2025, then slumped by 91 bps to 5.75% in 2026.
- Per Business Quant data, the three most recent FCF Margin figures were 5.75% in Q1 2026, 61.17% in Q4 2025, and 61.41% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 8.55% |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 40.64% |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 21.11% |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | - |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | -5.22% |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 21.98% |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | 68.41% |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 18.10% |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 38.55% |
| 10 | SM Energy | 6.05 Bn | 5.40 Bn | 1.05 Bn | 5.75% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 5.75% |
| Dec 31, 2025 | 61.17% |
| Sep 30, 2025 | 61.41% |
| Jun 30, 2025 | 122.36% |
| Mar 31, 2025 | 8.17% |
| Dec 31, 2024 | -87.86% |
| Sep 30, 2024 | 70.27% |
| Jun 30, 2024 | 75.21% |
| Mar 31, 2024 | 49.32% |
| Dec 31, 2023 | 79.39% |
| Sep 30, 2023 | 56.67% |
| Jun 30, 2023 | 97.16% |
| Mar 31, 2023 | 15.93% |
| Dec 31, 2022 | 131.52% |
| Sep 30, 2022 | 34.71% |
| Jun 30, 2022 | 33.01% |
| Mar 31, 2022 | 22.33% |
| Dec 31, 2021 | 111.31% |
| Sep 30, 2021 | 19.48% |
| Jun 30, 2021 | -6.46% |