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SM Energy (SM) Invested Capital (2016 - 2025)

SM Energy (SM) has disclosed Invested Capital for 17 consecutive years, with $5.2 billion as the latest value for Q4 2025.

  • On a quarterly basis, Invested Capital rose 23.41% to $5.2 billion in Q4 2025 year-over-year; TTM through Dec 2025 was $5.2 billion, a 23.41% increase, with the full-year FY2025 number at $5.2 billion, up 23.41% from a year prior.
  • Invested Capital was $5.2 billion for Q4 2025 at SM Energy, up from $4.7 billion in the prior quarter.
  • In the past five years, Invested Capital ranged from a high of $5.2 billion in Q4 2025 to a low of $2.1 billion in Q2 2021.
  • A 5-year average of $3.5 billion and a median of $3.4 billion in 2023 define the central range for Invested Capital.
  • Peak YoY movement for Invested Capital: plummeted 53.84% in 2021, then skyrocketed 38.99% in 2022.
  • SM Energy's Invested Capital stood at $2.4 billion in 2021, then surged by 31.84% to $3.1 billion in 2022, then rose by 15.33% to $3.6 billion in 2023, then rose by 16.95% to $4.2 billion in 2024, then grew by 23.41% to $5.2 billion in 2025.
  • Per Business Quant, the three most recent readings for SM's Invested Capital are $5.2 billion (Q4 2025), $4.7 billion (Q3 2025), and $4.6 billion (Q2 2025).