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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 Invested Capital (2016 - 2025)

SM Energy (SM) has disclosed Return on Invested Capital for 16 consecutive years, with 0.16% as the latest value for Q4 2025.

  • On a quarterly basis, Return on Invested Capital fell 5.0% to 0.16% in Q4 2025 year-over-year; TTM through Dec 2025 was 0.16%, a 5.0% decrease, with the full-year FY2025 number at 0.16%, down 5.0% from a year prior.
  • Return on Invested Capital was 0.16% for Q4 2025 at SM Energy, down from 0.19% in the prior quarter.
  • In the past five years, Return on Invested Capital ranged from a high of 0.49% in Q3 2022 to a low of 0.32% in Q1 2021.
  • A 5-year average of 0.19% and a median of 0.22% in 2024 define the central range for Return on Invested Capital.
  • Peak YoY movement for Return on Invested Capital: fell -24bps in 2021, then surged 68bps in 2022.
  • SM Energy's Return on Invested Capital stood at 0.07% in 2021, then surged by 467bps to 0.41% in 2022, then plummeted by -39bps to 0.25% in 2023, then fell by -17bps to 0.21% in 2024, then decreased by -24bps to 0.16% in 2025.
  • Per Business Quant, the three most recent readings for SM's Return on Invested Capital are 0.16% (Q4 2025), 0.19% (Q3 2025), and 0.21% (Q2 2025).