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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 - 2026)

SM Energy has reported Return on Capital Employed over the past 16 years, most recently at 12.5% for Q4 2025.

  • Quarterly Return on Capital Employed fell 183.0% to 12.5% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 12.5% through Dec 2025, down 183.0% year-over-year, with the annual reading at 12.91% for FY2025, 318.0% down from the prior year.
  • Return on Capital Employed was 12.5% for Q4 2025 at SM Energy, down from 13.98% in the prior quarter.
  • Over five years, Return on Capital Employed peaked at 36.55% in Q3 2022 and troughed at 18.93% in Q1 2021.
  • The 5-year median for Return on Capital Employed is 15.1% (2025), against an average of 14.05%.
  • Year-over-year, Return on Capital Employed soared 4762bps in 2022 and then tumbled -1819bps in 2024.
  • A 5-year view of Return on Capital Employed shows it stood at 4.91% in 2021, then skyrocketed by 533bps to 31.06% in 2022, then crashed by -43bps to 17.64% in 2023, then dropped by -19bps to 14.32% in 2024, then fell by -13bps to 12.5% in 2025.
  • Per Business Quant, the three most recent readings for SM's Return on Capital Employed are 12.5% (Q4 2025), 13.98% (Q3 2025), and 14.77% (Q2 2025).