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Screener

SM Energy SM Gross margin

Gross margin at other companies

Chord Energy logo
Chord EnergyCHRD
71.3%-8.6pp
Murphy Oil logo
Murphy OilMUR
100.4%+0.5pp
Northern Oil and Gas logo
Northern Oil and GasNOG
74%-8.0pp
ConocoPhillips logo
ConocoPhillipsCOP
62%-1.5pp
EPM
Evolution PetroleumEPM
41.2%-1.3pp
Amplify Energy logo
Amplify EnergyAMPY
93.8%-0.1pp

Other financials

Income statement

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Revenue$2.5B+215%
Gross profit$1.9B+242%
Operating income$1.5B+407%
Net income$1.1B+430%
EPS (diluted)$4.46+153%

Balance sheet

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Cash & equivalents$620.0M+509%
Total debt$138.0M+111%
Total equity$7.8B+70.2%
Total assets$18.9B+110%

Cash flow

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Operating cash flow$1.1B+93.2%
CapEx$12.8M
Free cash flow$500.6M+43.7%

Valuation

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Market cap$6.96B+126%
P/E+3.2×
P/S1.3×+0.3×

Profitability

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Operating margin29.6%-8.3pp
Net margin18.2%-7.7pp
FCF margin50.1%+2.8pp

Returns & leverage

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Return on equity16.1%-3.1pp
Debt / equity0.0×
Current ratio0.6×-0.1×

Where this comes from

Calculated from SM Energy’s reported figures.

Based on trailing twelve months.

The source filing: SM Energy’s 10-Q, filed August 6, 2026. Open the filing →

Filed
Aug 6, 2026, 8:55 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000893538-26-000121

FAQ

What is SM Energy's gross margin?
SM Energy (SM) reported gross margin of 74.2% in Q2 2026.
How has SM Energy's gross margin changed year-over-year?
SM Energy's gross margin increased by 0.1% year-over-year, from 74.1% to 74.2%.
What is the long-term trend for SM Energy's gross margin?
Over 5 years (2020 to 2025), SM Energy's gross margin has grown at a 2.0% compound annual growth rate (CAGR), from 65.3% to 71.9%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

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