SM Energy (SM) Return on Equity [ROE] (2009 - 2026)
SM Energy's Return on Equity [ROE] came in at 12.03% for Q3 2026, down 3.60 percentage points from 15.63% a year earlier and down 1.59 percentage points from the prior quarter.
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Analysis
SM Energy (SM) Return on Equity [ROE] (2009 - 2026) Analysis & Trends
For FY2025, SM Energy's Return on Equity [ROE] was 14.33%, down 5.29 percentage points from FY2024.
- Return on Equity [ROE] has declined in each of the last three years, though with a five-year change of +46.42 percentage points (FY2020 to FY2025).
- Going back by year, Return on Equity [ROE] was 19.61% in FY2024 (-4.80 pp), 24.41% in FY2023 (-18.78 pp), 43.20% in FY2022 (+41.42 pp) and 1.78% in FY2021 (+33.87 pp).
- The five-year range for quarterly Return on Equity [ROE] is 1.96% (Q4 2021) to 48.13% (Q3 2022).
- Year-over-year, Return on Equity [ROE] has declined for 14 consecutive quarters, with an average year-over-year change of -5.60 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Equity [ROE] over five years came in Q2 2022 (a gain of 83.13 percentage points), and the weakest in Q3 2023 (a drop of 23.38 percentage points).
- Business Quant data shows SM's Return on Equity [ROE] at 13.62% (Q2 2026), 2.24% (Q1 2026) and 13.61% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 15.59% |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | 8.83% |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 13.85% |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | 14.76% |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | 14.72% |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 17.60% |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | 26.83% |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | - |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 37.13% |
| 10 | SM Energy | 7.71 Bn | 5.83 Bn | 1.60 Bn | 12.03% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 12.03% |
| Jun 30, 2026 | 13.62% |
| Mar 31, 2026 | 2.24% |
| Dec 31, 2025 | 13.61% |
| Sep 30, 2025 | 15.63% |
| Jun 30, 2025 | 18.07% |
| Mar 31, 2025 | 19.00% |
| Dec 31, 2024 | 18.56% |
| Sep 30, 2024 | 20.98% |
| Jun 30, 2024 | 21.51% |
| Mar 31, 2024 | 20.53% |
| Dec 31, 2023 | 23.30% |
| Sep 30, 2023 | 24.74% |
| Jun 30, 2023 | 33.34% |
| Mar 31, 2023 | 39.96% |
| Dec 31, 2022 | 37.36% |
| Sep 30, 2022 | 48.13% |
| Jun 30, 2022 | 38.72% |
| Mar 31, 2022 | 16.10% |
| Dec 31, 2021 | 1.96% |
API Access
SM Energy Return on Equity [ROE] 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-equity-%5Broe%5D&ticker=SM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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-equity-%5Broe%5D&ticker=SM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();