SM Energy (SM) Net Margin (2009 - 2026)
SM Energy (SM) recorded Net Margin of 4.29% in Q3 2026, down 14.80 percentage points from 19.09% a year earlier and down 38.55 percentage points from the prior quarter.
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Analysis
SM Energy (SM) Net Margin (2009 - 2026) Analysis & Trends
On a TTM basis, SM Energy's Net Margin came in at 13.69% as of Sep 30, 2026, down 8.33 percentage points year-over-year; for FY2025, it was 20.55%, down 8.08 percentage points from FY2024.
- Annual Net Margin has a five-year change of +88.41 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at 28.62% in FY2024 (-5.83 pp), 34.46% in FY2023 (+1.35 pp), 33.11% in FY2022 (+31.73 pp) and 1.38% in FY2021 (+69.25 pp).
- Quarterly Net Margin has ranged from -22.65% in Q1 2026 to 57.60% in Q3 2022 over the past five years.
- On a year-over-year basis, Net Margin rose in 1 of the last eight quarters, with an average year-over-year change of -11.83 percentage points.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 101.27 percentage points in Q4 2021, against a drop of 44.19 percentage points in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 42.84% (Q2 2026), -22.65% (Q1 2026) and 15.46% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 13.62% |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | 588.80% |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 14.64% |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | 12.37% |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | 13.41% |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 19.95% |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | 8.61% |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | 19.16% |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 10.90% |
| 10 | SM Energy | 7.71 Bn | 5.83 Bn | 1.60 Bn | 4.29% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 4.29% |
| Jun 30, 2026 | 42.84% |
| Mar 31, 2026 | -22.65% |
| Dec 31, 2025 | 15.46% |
| Sep 30, 2025 | 19.09% |
| Jun 30, 2025 | 25.47% |
| Mar 31, 2025 | 21.54% |
| Dec 31, 2024 | 22.06% |
| Sep 30, 2024 | 37.37% |
| Jun 30, 2024 | 33.14% |
| Mar 31, 2024 | 23.43% |
| Dec 31, 2023 | 40.61% |
| Sep 30, 2023 | 34.69% |
| Jun 30, 2023 | 27.21% |
| Mar 31, 2023 | 34.62% |
| Dec 31, 2022 | 38.50% |
| Sep 30, 2022 | 57.60% |
| Jun 30, 2022 | 32.61% |
| Mar 31, 2022 | 5.67% |
| Dec 31, 2021 | 49.70% |
API Access
SM Energy Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=SM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "SM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=SM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();