Sm Energy (SM) financials
Sm Energy revenue and earnings by year
Sm Energy's revenue was $3.15 billion in the fiscal year to December 31, 2025, up 17.2% from the year before. Net income was $648 million, 20.5% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 11.2% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.15 | 2.69 | 2.37 | 3.36 | 2.62 | 1.13 | 1.59 | 2.07 | 1.13 | 1.22 |
| Revenue growth | 17.2% | 13.3% | -29.3% | 28.1% | 132.8% | -29.1% | -23.1% | 83.0% | -7.2% | — |
| Gross profit | 2.27 | 2.05 | 1.81 | 2.74 | 2.12 | 0.74 | 1.09 | 1.58 | 0.62 | 0.62 |
| Gross margin | 71.9% | 76.3% | 76.2% | 81.5% | 80.7% | 65.3% | 68.5% | 76.4% | 55.0% | 50.9% |
| Operating income | 1.00 | 1.08 | 0.99 | 1.95 | 1.11 | -1.23 | 0.03 | 0.67 | -0.14 | -0.81 |
| Operating margin | 31.7% | 40.0% | 41.6% | 58.2% | 42.3% | -109.2% | 1.7% | 32.6% | -12.2% | -66.2% |
| Net income | 0.65 | 0.77 | 0.82 | 1.11 | 0.04 | -0.76 | -0.19 | 0.51 | -0.16 | -0.76 |
| Net margin | 20.5% | 28.6% | 34.5% | 33.1% | 1.4% | -67.9% | -11.8% | 24.6% | -14.2% | -62.2% |
| Diluted EPS | $5.64 | $6.67 | $6.86 | $8.96 | $0.29 | -$6.72 | -$1.66 | $4.48 | -$1.44 | -$9.90 |
| Free cash flow | 0.54 | -1.63 | 0.48 | 0.81 | 0.48 | 0.24 | -0.19 | 0.13 | 0.31 | -1.31 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open SM in Markets.
See also: SM valuation and P/E history · SM returns
No forecast, no recommendation. This page describes Sm Energy from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.