What are SM Energy's profit margins?

SM Energy (SM) runs a 71.3% gross margin and a 11.2% operating margin, with a 3.5% net margin.

Where do SM Energy's ratios come from?

Every ratio is computed from SM Energy's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

SM Energy SM Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	71.3%-0.7pp	71.9%-1.0pp	73%-1.1pp	74.1%-1.6pp	75.6%-0.7pp
Operating margin	11.2%-20.5pp	31.7%-1.8pp	33.5%-4.5pp	37.9%-1.5pp	39.4%-0.6pp
Net margin	3.5%-17.1pp	20.5%-1.5pp	22%-3.9pp	25.9%-1.7pp	27.6%-1.0pp
Returns
Return on equity	2.3%-12.0pp	14.3%-2.2pp	16.6%-2.7pp	19.3%-1.0pp	20.3%+0.7pp
Return on assets	0.9%-6.3pp	7.3%-1.2pp	8.5%-1.9pp	10.4%-0.4pp	10.8%+0.5pp
Efficiency
Asset turnover	0.3×-0.1×	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×
Liquidity
Current ratio	0.4×-0.3×	0.7×+0.1×	0.6×-0.1×	0.7×+0.1×	0.6×0.0×
Quick ratio	0.4×-0.3×	0.7×+0.1×	0.6×-0.1×	0.7×+0.1×	0.6×0.0×
Cash ratio	0.1×-0.2×	0.3×+0.2×	0.1×0.0×	0.1×+0.1×	0×—
Leverage
Interest coverage	1.8×-4.0×	5.8×-0.5×	6.3×-0.2×	6.5×-0.7×	7.2×-0.4×
Per Share
Book value per share	$34.51-17.5%	$41.83+2.3%	$40.90+2.3%	$39.99+4.4%	$38.30+4.8%
Valuation
Market capitalization	$7.43B+247%	$2.14B-25.4%	$2.87B+0.1%	$2.87B-16.4%	$3.43B-22.7%
Price / earnings	56.8×+53.5×	3.3×-0.6×	3.9×+0.4×	3.5×-0.6×	4.2×-1.6×
Price / sales	2×+1.3×	0.7×-0.2×	0.9×0.0×	0.9×-0.2×	1.2×-0.5×
Price / book	1.1×+0.6×	0.4×-0.2×	0.6×0.0×	0.6×-0.2×	0.8×-0.3×
Earnings yield	1.8%-28.5pp	30.2%+4.9pp	25.3%-3.0pp	28.3%+4.4pp	23.9%+6.6pp
Dividend yield	2%-2.3pp	4.3%+1.1pp	3.2%+0.1pp	3.1%+0.6pp	2.5%+0.6pp

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about SM Energy.

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

Questions, answered.

What are SM Energy's profit margins?: SM Energy (SM) runs a 71.3% gross margin and a 11.2% operating margin, with a 3.5% net margin.
Where do SM Energy's ratios come from?: Every ratio is computed from SM Energy's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.