SM Energy (SM) Return on Assets [ROA] (2010 - 2026)
SM Energy's Return on Assets [ROA] was 5.26% in Q2 2026, down 3.88 percentage points from 9.14% a year earlier but up 4.34 percentage points from the prior quarter.
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Analysis
SM Energy (SM) Return on Assets [ROA] (2010 - 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 -10.95% (Q3 2021) and 23.26% (Q3 2022) over five years.
- Compared with a year earlier, Return on Assets [ROA] has declined for 12 straight quarters, with an average year-over-year change of -3.72 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 Q2 2026 was 0.92% (Q1 2026), 7.07% (Q4 2025) and 8.04% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 540.77 Bn | 451.32 Bn | 30.13 Bn | 6.87% |
| 2 | Chevron | 403.83 Bn | 381.62 Bn | 33.45 Bn | 6.36% |
| 3 | TotalEnergies SE | 188.75 Bn | 71.88 Bn | - | 5.76% |
| 4 | Eni Spa | 170.81 Bn | 120.33 Bn | - | 29.79% |
| 5 | Conocophillips | 150.42 Bn | 123.13 Bn | 12.81 Bn | 7.52% |
| 6 | Equinor Asa | 104.06 Bn | 50.12 Bn | - | 658.73% |
| 7 | Phillips 66 | 101.90 Bn | 90.89 Bn | 8.38 Bn | 8.67% |
| 8 | Canadian Natural Resources | 97.96 Bn | 94.91 Bn | - | - |
| 9 | Suncor Energy | 80.99 Bn | 66.79 Bn | - | 11.88% |
| 10 | SM Energy | 8.03 Bn | 6.43 Bn | 1.94 Bn | 5.26% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | -10.95% |
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();