SM Energy (SM) Return on Assets [ROA] (2009 - 2026)
SM Energy's Return on Assets [ROA] was 4.96% in Q3 2026, down 3.08 percentage points from 8.04% a year earlier and down 0.30 percentage points from the prior quarter.
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Analysis
SM Energy (SM) Return on Assets [ROA] (2009 - 2026) Analysis & Trends
For FY2025, Return on Assets [ROA] at SM Energy came in at 7.27%, down 3.03 percentage points from FY2024.
- Return on Assets [ROA] has now declined for three consecutive years, though with a five-year change of +20.84 percentage points (FY2020 to FY2025).
- In earlier years, Return on Assets [ROA] was 10.30% in FY2024 (-3.23 pp), 13.53% in FY2023 (-6.78 pp), 20.31% in FY2022 (+19.60 pp) and 0.71% in FY2021 (+14.28 pp).
- Quarterly Return on Assets [ROA] has moved between 0.70% (Q4 2021) and 23.26% (Q3 2022) over five years.
- Compared with a year earlier, Return on Assets [ROA] has declined for 13 straight quarters, with an average year-over-year change of -3.80 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Assets [ROA] over five years was Q3 2022 (a gain of 34.21 percentage points); the worst was Q1 2024 (a drop of 10.03 percentage points).
- Per Business Quant data, SM's Return on Assets [ROA] in the three quarters before Q3 2026 was 5.26% (Q2 2026), 0.92% (Q1 2026) and 7.07% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 8.98% |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | 4.18% |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 8.25% |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | 6.03% |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | 5.60% |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 9.23% |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | 834.81% |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | - |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 15.10% |
| 10 | SM Energy | 7.71 Bn | 5.83 Bn | 1.60 Bn | 4.96% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 4.96% |
| Jun 30, 2026 | 5.26% |
| Mar 31, 2026 | 0.92% |
| Dec 31, 2025 | 7.07% |
| Sep 30, 2025 | 8.04% |
| Jun 30, 2025 | 9.14% |
| Mar 31, 2025 | 9.45% |
| Dec 31, 2024 | 9.27% |
| Sep 30, 2024 | 11.29% |
| Jun 30, 2024 | 12.42% |
| Mar 31, 2024 | 11.75% |
| Dec 31, 2023 | 13.13% |
| Sep 30, 2023 | 13.74% |
| Jun 30, 2023 | 18.35% |
| Mar 31, 2023 | 21.78% |
| Dec 31, 2022 | 19.56% |
| Sep 30, 2022 | 23.26% |
| Jun 30, 2022 | 16.45% |
| Mar 31, 2022 | 6.33% |
| Dec 31, 2021 | 0.70% |
API Access
SM Energy Return on Assets [ROA] 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=return-on-assets-%5Broa%5D&ticker=SM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "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=return-on-assets-%5Broa%5D&ticker=SM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();