What is SM Energy's price / earnings?

SM Energy (SM) reported price / earnings of 56.8× in Q1 2026.

How has SM Energy's price / earnings changed year-over-year?

SM Energy's price / earnings increased by 1261.2% year-over-year, from 4.2× to 56.8×.

What is the long-term trend for SM Energy's price / earnings?

Over 4 years (2021 to 2025), SM Energy's price / earnings has grown at a -57.2% compound annual growth rate (CAGR), from 98.8× to 3.3×.

What does price / earnings mean?

Market capitalization at the quarter end divided by trailing-twelve-month net income. The price the market pays for each dollar of trailing earnings.

SM Energy SM Price / earnings

Price / earnings at other companies

EOG ResourcesEOG

14.1×+2.5×

Devon EnergyDVN

13.8×+5.1×

FAN

Diamondback EnergyFANG

9.9×-5.8×

Chord EnergyCHRD

118.6×+110×

Antero ResourcesAR

13.1×-32.1×

Range ResourcesRRC

11.8×-23.7×

Other financials

Income statement

See full

Revenue$1.5B+75.0%

Gross profit$1.1B+69.5%

Operating income-$298.0M-208%

Net income-$335.0M-284%

EPS (diluted)-$1.68-206%

Balance sheet

See full

Cash & equivalents$449.0M+831,381%

Total debt$138.0M+111%

Total equity$6.9B+55.9%

Total assets$19.1B+118%

Cash flow

See full

Operating cash flow$640.0M+32.5%

CapEx$12.8M—

Free cash flow$500.6M+43.7%

Valuation

See full

Market cap$6.51B+117%

P/S1.7×+0.7×

Profitability

See full

Gross margin71.3%-4.4pp

Operating margin11.2%-28.2pp

Net margin3.5%-24.1pp

FCF margin50.1%+2.8pp

Returns & leverage

See full

Return on equity2.3%-17.9pp

Debt / equity0×0.0×

Current ratio0.4×-0.2×

Where this comes from

Calculated from SM Energy’s reported figures.

market cap/net income=56.8×

Based on the most recent quarter.

The official record: SM Energy’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

Ask your AI about SM Energy's price / earnings.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is SM Energy's price / earnings?: SM Energy (SM) reported price / earnings of 56.8× in Q1 2026.
How has SM Energy's price / earnings changed year-over-year?: SM Energy's price / earnings increased by 1261.2% year-over-year, from 4.2× to 56.8×.
What is the long-term trend for SM Energy's price / earnings?: Over 4 years (2021 to 2025), SM Energy's price / earnings has grown at a -57.2% compound annual growth rate (CAGR), from 98.8× to 3.3×.
What does price / earnings mean?: Market capitalization at the quarter end divided by trailing-twelve-month net income. The price the market pays for each dollar of trailing earnings.