SM Energy (SM) Return on Capital Employed (2010 - 2026)

SM Energy (SM) has 17 years of Return on Capital Employed data on file, last reported at 4.29% in Q1 2026.

• On a quarterly basis, Return on Capital Employed fell 1064.0% year-over-year to 4.29% in Q1 2026; TTM through Mar 2026 was 4.29%, a 1064.0% decrease from a year earlier, with the FY2025 full-year figure at 12.91%, down 318.0% from the prior year.
• Return on Capital Employed for Q1 2026 stood at 4.29%, down from 12.49% in the prior quarter.
• Over the last five years, Return on Capital Employed for SM reached as high as 36.55% in Q3 2022 and fell as low as 4.29% in Q1 2026.
• Historically, Return on Capital Employed has averaged 19.24% across 5 years, with a median of 16.25% in 2024.
• Across the five-year window, Return on Capital Employed jumped 4762 bps in 2022 and tumbled 1819 bps in 2024, its largest moves.
• Year by year, Return on Capital Employed stood at 31.06% in 2022, then tumbled by 43 bps to 17.64% in 2023, then retreated by 19 bps to 14.32% in 2024, then dropped by 13 bps to 12.49% in 2025, then sank by 66 bps to 4.29% in 2026.
• Per Business Quant data, the three most recent Return on Capital Employed figures were 4.29% in Q1 2026, 12.49% in Q4 2025, and 13.97% in Q3 2025.