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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 70.52% as the latest value for Q4 2025.

  • On a quarterly basis, Gross Margin fell 437.0% to 70.52% in Q4 2025 year-over-year; TTM through Dec 2025 was 71.8%, a 452.0% decrease, with the full-year FY2025 number at 71.8%, down 452.0% from a year prior.
  • Gross Margin was 70.52% for Q4 2025 at SM Energy, down from 71.78% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 83.28% in Q2 2022 to a low of 70.52% in Q4 2025.
  • A 5-year average of 77.02% and a median of 76.92% in 2024 define the central range for Gross Margin.
  • Peak YoY movement for Gross Margin: soared 2465bps in 2021, then plummeted -992bps in 2023.
  • SM Energy's Gross Margin stood at 82.74% in 2021, then decreased by -6bps to 77.91% in 2022, then decreased by -1bps to 76.99% in 2023, then decreased by -3bps to 74.89% in 2024, then decreased by -6bps to 70.52% in 2025.
  • Per Business Quant, the three most recent readings for SM's Gross Margin are 70.52% (Q4 2025), 71.78% (Q3 2025), and 71.47% (Q2 2025).