KPIs & Operating Metrics(New)
Growth Metrics

SM Energy (SM) Tax Rate (2016 - 2025)

SM Energy (SM) has disclosed Tax Rate for 17 consecutive years, with 22.82% as the latest value for Q4 2025.

  • On a quarterly basis, Tax Rate rose 76.0% to 22.82% in Q4 2025 year-over-year; TTM through Dec 2025 was 21.93%, a 164.0% increase, with the full-year FY2025 number at 21.93%, up 164.0% from a year prior.
  • Tax Rate was 22.82% for Q4 2025 at SM Energy, down from 24.09% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 24.09% in Q3 2025 to a low of 26.07% in Q3 2023.
  • A 5-year average of 14.34% and a median of 20.1% in 2022 define the central range for Tax Rate.
  • Peak YoY movement for Tax Rate: tumbled -4595bps in 2023, then skyrocketed 4526bps in 2024.
  • SM Energy's Tax Rate stood at 2.31% in 2021, then surged by 770bps to 20.06% in 2022, then fell by -24bps to 15.22% in 2023, then soared by 45bps to 22.06% in 2024, then increased by 3bps to 22.82% in 2025.
  • Per Business Quant, the three most recent readings for SM's Tax Rate are 22.82% (Q4 2025), 24.09% (Q3 2025), and 20.13% (Q2 2025).