SM Energy Financial Ratios
NYSE: SMEnergyOil & Gas ProductionUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
SM Energy ratio analysis
SM Energy earned a net margin of 20.5% in FY 2025, down from 28.6% a year earlier. Gross margin was 71.9% compared with a median of 76.2% over the prior 9 years. Return on equity reached 13.5%, meaning SM Energy generated 0.13 dollars of profit for every dollar of shareholders' equity.
Debt-to-equity stood at 0.48 versus 0.64 the year before, and the current ratio was 0.69. At the end of FY 2025, SM traded at 3.4 times earnings; across the 6 fiscal years shown, its year-end P/E ranged from 3.4 to 101.7, with a median of 4.8. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
SM Energy financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 3.39 | 6.08 | 5.64 | 3.89 | 101.66 | — | — | 3.71 | — | — |
| Price / sales | 0.70 | 1.73 | 1.94 | 1.27 | 1.34 | 0.62 | 0.84 | 0.90 | 2.18 | 2.17 |
| Price / book | 0.46 | 1.10 | 1.27 | 1.38 | 1.70 | 0.35 | 0.48 | 0.64 | 1.03 | 1.06 |
| Gross margin | 71.9% | 76.3% | 76.2% | 81.5% | 80.7% | 65.3% | 68.5% | 76.4% | 55.0% | 50.9% |
| Operating margin | 31.7% | 40.0% | 41.6% | 47.0% | 8.0% | -94.9% | -4.4% | 40.5% | -14.5% | -86.8% |
| Net margin | 20.5% | 28.6% | 34.5% | 33.1% | 1.4% | -67.9% | -11.8% | 24.6% | -14.2% | -62.2% |
| Free cash flow margin | 62.7% | -11.9% | 61.7% | 50.2% | 44.1% | 69.5% | 51.6% | 33.3% | 37.7% | -134.0% |
| Return on equity (ROE) | 13.5% | 18.2% | 22.6% | 36.0% | 1.8% | -37.9% | -6.8% | 17.4% | -6.7% | -30.3% |
| Return on assets (ROA) | 7.0% | 9.0% | 12.8% | 19.5% | 0.7% | -15.4% | -3.0% | 8.0% | -2.6% | -11.9% |
| Debt / equity | 0.48 | 0.64 | 0.44 | 0.51 | 1.01 | 1.05 | 0.95 | 0.84 | 1.16 | 1.11 |
| Current ratio | 0.69 | 0.55 | 1.45 | 1.23 | 0.69 | 0.35 | 0.54 | 0.92 | 0.98 | 0.54 |
| Revenue growth | 17.2% | 13.3% | -29.3% | 28.1% | 132.8% | -29.1% | -23.1% | 83.0% | -7.2% | -21.8% |
| EPS growth | -15.4% | -2.8% | -23.4% | 2,989.7% | — | — | -137.1% | — | — | — |