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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) Return on Capital Employed (2016 - 2025)

SM Energy (SM) has disclosed Return on Capital Employed for 16 consecutive years, with 0.12% as the latest value for Q4 2025.

  • On a quarterly basis, Return on Capital Employed fell 2.0% to 0.12% in Q4 2025 year-over-year; TTM through Dec 2025 was 0.12%, a 2.0% decrease, with the full-year FY2025 number at 0.13%, down 3.0% from a year prior.
  • Return on Capital Employed was 0.12% for Q4 2025 at SM Energy, down from 0.14% in the prior quarter.
  • In the past five years, Return on Capital Employed ranged from a high of 0.37% in Q3 2022 to a low of 0.19% in Q1 2021.
  • A 5-year average of 0.14% and a median of 0.15% in 2025 define the central range for Return on Capital Employed.
  • Peak YoY movement for Return on Capital Employed: skyrocketed 48bps in 2022, then fell -18bps in 2023.
  • SM Energy's Return on Capital Employed stood at 0.05% in 2021, then surged by 533bps to 0.31% in 2022, then crashed by -43bps to 0.18% in 2023, then fell by -19bps to 0.14% in 2024, then dropped by -13bps to 0.12% in 2025.
  • Per Business Quant, the three most recent readings for SM's Return on Capital Employed are 0.12% (Q4 2025), 0.14% (Q3 2025), and 0.15% (Q2 2025).