SM
SM Energy Co
NYSE: SM · ENERGY · OIL & GAS E&P
$31.23
+6.66% today
Updated 2026-04-29
Market cap
$7.49B
P/E ratio
5.54
P/S ratio
2.47x
EPS (TTM)
$5.64
Dividend yield
2.73%
52W range
$17 – $33
Volume
6.6M
SM Energy Co (SM) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $787.70M | $990.09M | $1.30B | $832.20M | $914.09M | $1.40B | $1.53B | $2.27B | $2.52B | $1.51B | $1.18B | $1.26B | $1.64B | $1.59B | $1.13B | $2.60B | $3.35B | $2.36B | $2.67B | $3.15B |
| Revenue growth (YoY) | — | +25.7% | +31.4% | -36.0% | +9.8% | +53.5% | +9.2% | +47.9% | +11.3% | -40.0% | -22.0% | +6.8% | +30.1% | -3.3% | -29.0% | +130.7% | +28.8% | -29.3% | +13.0% | +18.1% |
| Cost of revenue | $228.48M | $319.38M | $403.63M | $326.62M | $597.94M | $865.46M | $1.17B | $1.48B | $1.51B | $1.64B | $1.39B | $1.06B | $1.15B | $1.32B | $1.18B | $1.28B | $1.22B | $1.25B | $1.45B | $2.15B |
| Gross profit | $559.22M | $670.72M | $897.67M | $505.58M | $316.15M | $537.89M | $364.79M | $787.84M | $1.01B | $-130.71M | $-207.93M | $195.46M | $487.48M | $261.24M | $-50.02M | $1.32B | $2.12B | $1.11B | $1.23B | $1.00B |
| Gross margin | 71.0% | 67.7% | 69.0% | 60.8% | 34.6% | 38.3% | 23.8% | 34.8% | 40.2% | -8.6% | -17.6% | 15.5% | 29.7% | 16.5% | -4.4% | 50.7% | 63.4% | 47.0% | 45.9% | 31.9% |
| R&D | — | — | $60.12M | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $38.87M | $60.15M | $79.50M | $76.04M | $106.66M | $118.53M | $119.81M | $149.55M | $167.10M | $157.67M | $124.83M | $117.28M | $116.50M | $132.80M | $99.16M | $111.94M | $114.56M | $121.06M | $138.34M | $161.00M |
| Operating income | $302.27M | $319.41M | $171.20M | $-130.84M | $338.77M | $384.38M | $-20.02M | $368.25M | $1.17B | $-578.78M | $-1.06B | $-163.72M | $836.34M | $-69.97M | $-1.07B | $209.12M | $1.58B | $986.91M | $1.08B | $822.00M |
| Operating margin | 38.4% | 32.3% | 13.2% | -15.7% | 37.1% | 27.4% | -1.3% | 16.3% | 46.2% | -38.2% | -89.6% | -13.0% | 51.0% | -4.4% | -94.9% | 8.0% | 47.2% | 41.7% | 40.3% | 26.1% |
| EBITDA | $464.02M | $547.75M | $486.02M | $173.59M | $675.23M | $895.95M | $708.08M | $1.19B | $1.93B | $326.30M | $-252.49M | $392.48M | $1.48B | $751.86M | $-7.83M | $980.91M | $2.12B | $1.70B | $1.92B | $2.21B |
| EBITDA margin | 58.9% | 55.3% | 37.3% | 20.9% | 73.9% | 63.8% | 46.2% | 52.6% | 76.6% | 21.6% | -21.4% | 31.1% | 90.1% | 47.4% | -0.7% | 37.8% | 63.4% | 71.8% | 71.7% | 70.1% |
| EBIT | $309.50M | $320.16M | $171.69M | $-130.61M | $339.09M | $384.85M | $-19.80M | $368.32M | $1.16B | $-594.71M | $-1.04B | $-164.56M | $812.68M | $-71.94M | $-792.81M | $206.52M | $1.52B | $1.01B | $1.11B | $1.00B |
| Interest expense | $8.52M | $19.89M | $20.27M | $28.86M | $24.20M | $45.85M | $63.72M | $89.71M | $98.55M | $128.15M | $158.69M | $179.26M | $160.91M | $159.10M | $163.89M | $160.35M | $120.35M | $91.63M | $140.66M | $173.00M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $190.01M | $189.71M | $87.35M | $-99.37M | $196.84M | $215.42M | $-54.25M | $170.94M | $666.05M | $-447.71M | $-757.74M | $-160.84M | $508.41M | $-187.00M | $-764.61M | $36.23M | $1.11B | $817.88M | $770.29M | $648.00M |
| Net income growth (YoY) | — | -0.2% | -54.0% | -213.8% | +298.1% | +9.4% | -125.2% | +415.1% | +289.7% | -167.2% | -69.2% | +78.8% | +416.1% | -136.8% | -308.9% | +104.7% | +2969.2% | -26.4% | -5.8% | -15.9% |
| Profit margin | 24.1% | 19.2% | 6.7% | -11.9% | 21.5% | 15.4% | -3.5% | 7.5% | 26.4% | -29.6% | -64.2% | -12.8% | 31.0% | -11.8% | -67.9% | 1.4% | 33.2% | 34.6% | 28.8% | 20.5% |