KPIs & Operating Metrics(New)
Growth Metrics

SM Energy (SM) Free Cash Flow (2016 - 2025)

SM Energy (SM) has disclosed Free Cash Flow for 17 consecutive years, with -$964.6 million as the latest value for Q4 2025.

  • On a quarterly basis, Free Cash Flow fell 529.64% to -$964.6 million in Q4 2025 year-over-year; TTM through Dec 2025 was $573.0 million, a 21.4% increase, with the full-year FY2025 number at $573.0 million, up 21.4% from a year prior.
  • Free Cash Flow was -$964.6 million for Q4 2025 at SM Energy, down from $1.3 billion in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $1.3 billion in Q3 2025 to a low of -$964.6 million in Q4 2025.
  • A 5-year average of $146.1 million and a median of $125.9 million in 2023 define the central range for Free Cash Flow.
  • Peak YoY movement for Free Cash Flow: soared 994.13% in 2024, then tumbled 529.64% in 2025.
  • SM Energy's Free Cash Flow stood at -$236.3 million in 2021, then plummeted by 150.31% to -$591.6 million in 2022, then soared by 142.92% to $253.9 million in 2023, then fell by 11.57% to $224.5 million in 2024, then crashed by 529.64% to -$964.6 million in 2025.
  • Per Business Quant, the three most recent readings for SM's Free Cash Flow are -$964.6 million (Q4 2025), $1.3 billion (Q3 2025), and $161.0 million (Q2 2025).