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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 - 2025)

SM Energy (SM) has disclosed Net Margin for 17 consecutive years, with 15.53% as the latest value for Q4 2025.

  • On a quarterly basis, Net Margin fell 647.0% to 15.53% in Q4 2025 year-over-year; TTM through Dec 2025 was 20.65%, a 798.0% decrease, with the full-year FY2025 number at 20.65%, down 797.0% from a year prior.
  • Net Margin was 15.53% for Q4 2025 at SM Energy, down from 19.11% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 58.15% in Q3 2022 to a low of 56.61% in Q1 2021.
  • A 5-year average of 21.77% and a median of 26.55% in 2023 define the central range for Net Margin.
  • Peak YoY movement for Net Margin: skyrocketed 10271bps in 2021, then tumbled -2339bps in 2023.
  • SM Energy's Net Margin stood at 51.19% in 2021, then dropped by -26bps to 37.9% in 2022, then increased by 9bps to 41.28% in 2023, then tumbled by -47bps to 22.0% in 2024, then decreased by -29bps to 15.53% in 2025.
  • Per Business Quant, the three most recent readings for SM's Net Margin are 15.53% (Q4 2025), 19.11% (Q3 2025), and 25.69% (Q2 2025).