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SM Energy SM Net margin

Net margin at other companies

EOG Resources logo
EOG ResourcesEOG
25.4%+0.2pp
Devon Energy logo
Devon EnergyDVN
16.7%+0.1pp
FAN
Diamondback EnergyFANG
27.3%-6.3pp
Chord Energy logo
Chord EnergyCHRD
13.4%+8.4pp
MGY
Magnolia Oil & Gas CorporationMGY
28.8%+1.2pp
Murphy Oil logo
Murphy OilMUR
9.8%-0.4pp

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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Gross margin74.2%+0.1pp
Operating margin29.6%-8.3pp
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 net margin?
SM Energy (SM) reported net margin of 18.2% in Q2 2026.
How has SM Energy's net margin changed year-over-year?
SM Energy's net margin decreased by 29.8% year-over-year, from 25.9% to 18.2%.
What is the long-term trend for SM Energy's net margin?
Over 5 years (2020 to 2025), SM Energy's net margin has grown at a -21.3% compound annual growth rate (CAGR), from -67.9% to 20.5%.
What does net margin mean?
Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

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