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

SM Energy (SM) has reported Return on Capital Employed for 17 consecutive years, with 4.29% the latest figure, recorded in Q1 2026.

• In Q1 2026, Return on Capital Employed fell 1064.0% year-over-year to 4.29%; the TTM figure through Mar 2026 stood at 4.29% (down 1064.0% YoY), while the FY2025 annual figure was 12.91%, down 318.0% from the prior year.
• Return on Capital Employed declined to 4.29% in Q1 2026 per SM's latest filing, from 12.49% in the prior quarter.
• Across five years, Return on Capital Employed topped out at 36.55% in Q3 2022 and bottomed at 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.
• Annual changes were most pronounced in 2022 — Return on Capital Employed soared 4762 bps — and 2024, when it sank 1819 bps.
• SM Energy's Return on Capital Employed stood at 31.06% in 2022, then tumbled by 43 bps to 17.64% in 2023, then declined by 19 bps to 14.32% in 2024, then decreased by 13 bps to 12.49% in 2025, then sank by 66 bps to 4.29% in 2026.
• Business Quant data shows SM's Return on Capital Employed at 4.29% in Q1 2026, 12.49% in Q4 2025, and 13.97% in Q3 2025.