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SM Energy SM Total debt

Discontinued — last reported Q4 '25

Total debt at other companies

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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 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
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

Computed from long term debt + current portion long term debt + short term borrowings + operating lease liabilities + finance lease liabilities + financing obligations: $138M.

The source filing: SM Energy’s 10-K, filed February 26, 2026. Open the filing →

Filed
Feb 26, 2026, 8:56 AM EST
Fiscal year
FY2025
Accession
0000893538-26-000032

FAQ

What is SM Energy's total debt?
SM Energy (SM) reported total debt of $138M in Q4 2025.
How has SM Energy's total debt changed year-over-year?
SM Energy's total debt increased by 111.3% year-over-year, from $65.32M to $138M.
What is the long-term trend for SM Energy's total debt?
Over 5 years (2020 to 2025), SM Energy's total debt has grown at a -22.2% compound annual growth rate (CAGR), from $484.21M to $138M.
What does total debt mean?
Total debt represents the aggregate sum of all interest-bearing financial obligations, including short-term borrowings, the current portion of long-term debt, and long-term debt instruments. It also encompasses capitalized lease liabilities and other debt-like financing arrangements that require fixed repayment schedules. This metric serves as a comprehensive indicator of a company's total financial leverage and its reliance on external capital providers.

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