15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $3.2B | $648M | 0.0% | 31.7% | — | — | $368M |
| 2024 | $2.7B | $770M | 0.0% | 40.0% | — | — | $0 |
| 2023 | $2.4B | $818M | 0.0% | 41.6% | — | — | $616M |
| 2022 | $3.4B | $1.1B | 0.0% | 47.0% | — | — | $445M |
| 2021 | $2.6B | $36M | 0.0% | 8.0% | — | $2.1B | $333M |
| 2020 | $1.1B | -$765M | 0.0% | -94.9% | — | $2.2B | $10000 |
| 2019 | $1.6B | -$187M | 68.5% | -4.4% | — | $2.6B | $10000 |
| 2018 | $2.1B | $508M | 76.4% | 40.5% | — | — | $78M |
| 2017 | $1.1B | -$161M | 55.0% | -14.5% | — | — | $314M |
| 2016 | $1.2B | -$758M | 50.9% | -86.8% | — | — | $9M |
| 2015 | $1.6B | -$448M | 0.0% | -37.2% | — | — | $18000 |
| 2014 | $2.5B | — | 0.0% | 46.2% | — | — | $120000 |
| 2013 | $2.3B | — | 0.0% | 16.1% | — | $1.6B | $282M |
| 2012 | $1.5B | — | 0.0% | -1.3% | — | $1.1B | $6M |
| 2011 | $1.6B | — | 0.0% | 24.0% | — | — | $119M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $1.5B | -$335M | 0.0% | -20.1% | — | — | $449M |
| Dec '25 | $705M | $109M | 0.0% | 25.9% | — | — | $368M |
| Sep '25 | $812M | $155M | 0.0% | 30.4% | — | — | $162M |
| Jun '25 | $793M | $202M | 0.0% | 37.2% | — | — | $102M |
| Mar '25 | $845M | $182M | 0.0% | 32.7% | — | — | $54000 |
| Dec '24 | $852M | $188M | 0.0% | 33.7% | — | — | $0 |
| Sep '24 | $644M | $241M | 0.0% | 51.4% | — | — | $1.7B |
| Jun '24 | $635M | $210M | 0.0% | 44.0% | — | — | $488M |
| Mar '24 | $560M | $131M | 0.0% | 31.9% | — | — | $506M |
| Dec '23 | $609M | $247M | 0.0% | 50.9% | — | — | $616M |
| Sep '23 | $641M | $222M | 0.0% | 30.5% | — | — | $402M |
| Jun '23 | $551M | $150M | 0.0% | 38.0% | — | — | $378M |
| Mar '23 | $574M | $199M | 0.0% | 47.4% | — | — | $478M |
| Dec '22 | $671M | $258M | 0.0% | 51.0% | — | — | $445M |
| Sep '22 | $835M | $481M | 0.0% | 74.5% | — | — | $498M |
| Jun '22 | $992M | $323M | 0.0% | 51.7% | — | $1.6B | $267M |
| Mar '22 | $860M | $49M | 0.0% | 11.8% | — | $2.0B | $420M |
| Dec '21 | $855M | $425M | 0.0% | 55.5% | — | $2.1B | $333M |
| Sep '21 | $760M | $86M | 0.0% | 16.6% | — | $2.1B | $30M |
| Jun '21 | $564M | -$223M | 0.0% | -32.0% | — | $2.2B | $0 |
How the market has priced SM against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Sm Energy Co's revenue has grown 22.9% per year. These are computed facts, not advice.
As of FY2025, Sm Energy Co reported — of total debt against $368M of cash; operating income covered interest expense 5.8×.
In FY2025, gross margin was —, operating margin 31.7%, and net margin 20.5%.
As of Jun '26, Sm Energy Co traded at a price-to-earnings ratio of about 9.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.