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

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	71.3%-4.4pp	71.9%-4.4pp	73%-4.1pp	74.1%-3.4pp	75.6%-0.7pp
Operating margin	11.2%-28.2pp	31.7%-8.3pp	33.5%-11.4pp	37.9%-1.5pp	39.4%+1.6pp
Net margin	3.5%-24.1pp	20.5%-8.1pp	22%-11.9pp	25.9%-7.3pp	27.6%-4.2pp
Returns
Return on equity	2.3%-17.9pp	14.3%-5.3pp	16.6%-5.6pp	19.3%-3.5pp	20.3%-1.4pp
Return on assets	0.9%-9.9pp	7.3%-3.0pp	8.5%-3.3pp	10.4%-2.4pp	10.8%-1.4pp
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×-0.2×	0.7×+0.1×	0.6×-3.0×	0.7×-0.6×	0.6×-0.9×
Quick ratio	0.4×-0.2×	0.7×+0.1×	0.6×-3.0×	0.7×-0.6×	0.6×-0.9×
Cash ratio	0.1×+0.1×	0.3×—	0.1×-2.8×	0.1×-0.7×	0×-0.9×
Leverage
Interest coverage	1.8×-5.4×	5.8×-1.8×	6.3×-3.0×	6.5×-4.1×	7.2×-2.6×
Per Share
Book value per share	$34.51-9.9%	$41.83+14.5%	$40.90+15.8%	$39.99+20.4%	$38.30+20.6%
Valuation
Market capitalization	$7.43B+117%	$2.14B-51.7%	$2.87B-37.4%	$2.87B-42.7%	$3.43B-40.5%
Price / earnings	56.8×+52.7×	3.3×-2.5×	3.9×-1.6×	3.5×-2.6×	4.2×-3.5×
Price / sales	2×+0.8×	0.7×-1.0×	0.9×-1.0×	0.9×-1.1×	1.2×-1.3×
Price / book	1.1×+0.3×	0.4×-0.6×	0.6×-0.5×	0.6×-0.7×	0.8×-0.8×
Earnings yield	1.8%-22.2pp	30.2%+12.9pp	25.3%+7.2pp	28.3%+12.1pp	23.9%+10.9pp
Dividend yield	2%-0.5pp	4.3%+2.4pp	3.2%+1.4pp	3.1%+1.6pp	2.5%+1.2pp

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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.