SM Energy (SM) FCF Margin (2009 - 2026)
SM Energy (SM) posted quarterly FCF Margin of 5.75% for Q1 2026, down 242.0% year-over-year from 4.05% in Q1 2025, and down 90.61% quarter-over-quarter from 61.17% in Q4 2025.
SM Energy (SM) FCF Margin (2009 - 2026) Analysis & Trends
SM Energy (SM) has reported FCF Margin for 18 consecutive years, with 5.75% the latest figure, recorded in Q1 2026.
- In Q1 2026, FCF Margin fell 242.0% year-over-year to 5.75%; the TTM figure through Mar 2026 stood at 52.42% (up 4345.0% YoY), while the FY2025 annual figure was 62.68%, up 4501.0% from the prior year.
- FCF Margin eased to 5.75% in Q1 2026 per SM's latest filing, from 61.17% in the prior quarter.
- Across five years, FCF Margin topped out at 131.52% in Q4 2022 and bottomed at 87.86% in Q4 2024.
- Historically, FCF Margin has averaged 49.21% across 5 years, with a median of 56.67% in 2023.
- Annual changes were most pronounced in 2024 — FCF Margin tumbled 16725 bps — and 2025, when it jumped 14903 bps.
- SM Energy's 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 jumped by 170 bps to 61.17% in 2025, then slumped by 91 bps to 5.75% in 2026.
- Business Quant data shows SM's FCF Margin at 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 | 163.55 Bn | 155.86 Bn | 12.81 Bn | 22.59% |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 13.83% |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 35.16% |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 46.62% |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 31.76% |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 43.36% |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 21.98% |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 28.47% |
| 10 | SM Energy | 8.96 Bn | 8.19 Bn | 1.94 Bn | 13.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 13.96% |
| 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% |