KPIs & Operating Metrics(New)
Growth Metrics

SM Energy (SM) FCF Margin (2016 - 2026)

SM Energy has reported FCF Margin over the past 17 years, most recently at 32.81% for Q4 2025.

  • Quarterly FCF Margin rose 11870.0% to 32.81% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 18.16% through Dec 2025, up 61.0% year-over-year, with the annual reading at 18.17% for FY2025, 62.0% up from the prior year.
  • FCF Margin was 32.81% for Q4 2025 at SM Energy, up from 13.22% in the prior quarter.
  • Over five years, FCF Margin peaked at 131.52% in Q4 2022 and troughed at 85.9% in Q4 2024.
  • The 5-year median for FCF Margin is 27.58% (2022), against an average of 36.11%.
  • Year-over-year, FCF Margin soared 15916bps in 2022 and then crashed -16423bps in 2024.
  • A 5-year view of FCF Margin shows it stood at 27.64% in 2021, then surged by 576bps to 131.52% in 2022, then plummeted by -40bps to 78.33% in 2023, then tumbled by -210bps to 85.9% in 2024, then soared by 138bps to 32.81% in 2025.
  • Per Business Quant, the three most recent readings for SM's FCF Margin are 32.81% (Q4 2025), 13.22% (Q3 2025), and 20.5% (Q2 2025).