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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

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

SM Energy (SM) has disclosed Gross Margin for 17 consecutive years, with 70.54% as the latest value for Q4 2025.

  • Quarterly Gross Margin fell 377.0% to 70.54% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 71.87% through Dec 2025, down 428.0% year-over-year, with the annual reading at 71.8% for FY2025, 435.0% down from the prior year.
  • Gross Margin for Q4 2025 was 70.54% at SM Energy, down from 71.76% in the prior quarter.
  • The five-year high for Gross Margin was 83.31% in Q2 2022, with the low at 70.54% in Q4 2025.
  • Average Gross Margin over 5 years is 77.0%, with a median of 77.13% recorded in 2023.
  • The sharpest move saw Gross Margin skyrocketed 2513bps in 2021, then tumbled -995bps in 2023.
  • Over 5 years, Gross Margin stood at 82.74% in 2021, then decreased by -6bps to 77.49% in 2022, then dropped by 0bps to 77.37% in 2023, then decreased by -4bps to 74.31% in 2024, then fell by -5bps to 70.54% in 2025.
  • According to Business Quant data, Gross Margin over the past three periods came in at 70.54%, 71.76%, and 71.75% for Q4 2025, Q3 2025, and Q2 2025 respectively.