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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) Net Margin (2016 - 2026)

SM Energy has reported Net Margin over the past 17 years, most recently at 15.17% for Q4 2025.

  • Quarterly Net Margin fell 689.0% to 15.17% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 20.54% through Dec 2025, down 809.0% year-over-year, with the annual reading at 20.55% for FY2025, 808.0% down from the prior year.
  • Net Margin was 15.17% for Q4 2025 at SM Energy, down from 19.11% in the prior quarter.
  • Over five years, Net Margin peaked at 57.6% in Q3 2022 and troughed at 56.61% in Q1 2021.
  • The 5-year median for Net Margin is 26.55% (2023), against an average of 21.73%.
  • Year-over-year, Net Margin surged 10129bps in 2021 and then crashed -2291bps in 2023.
  • A 5-year view of Net Margin shows it stood at 49.7% in 2021, then decreased by -22bps to 38.62% in 2022, then increased by 5bps to 40.73% in 2023, then crashed by -46bps to 22.06% in 2024, then plummeted by -31bps to 15.17% in 2025.
  • Per Business Quant, the three most recent readings for SM's Net Margin are 15.17% (Q4 2025), 19.11% (Q3 2025), and 25.69% (Q2 2025).