SM Energy Company (SM) Financial Statements
Historical financial data — 41 statements covering FY2016–FY2025
SM Energy Co is an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas, and NGLs in Texas and Utah. The Company operates in the oil and gas e...
SM Energy Company's revenue increased 17.2% year over year, from $2.69B to $3.15B.
Net income decreased 15.9% over the same period, from $770.3M to $648.0M.
Over the 9-year period from FY2016 to FY2025, revenue grew by 159% in total.
Total debt decreased by 100.0% to $0.
The debt-to-equity ratio stands at 0.00, indicating a conservative leverage profile.
Operating cash flow grew 12.8% to $2.01B.
SM Energy Company maintains a strong net profit margin of 20.5%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q2 FY2024 | $634.6M+13.3% | $210.3M | $279.4M | $279.4M | $476.4M | $6.66B | $0 | $3.84B |
| Q3 FY2024 | $643.6M+1.4% | $240.5M | $331.0M | $331.0M | $452.3M | $8.03B | $0 | $4.06B |
| Q4 FY2024 | $852.2M+32.4% | $188.3M | $287.0M | $287.0M | $577.9M | $8.58B | $68.5M | $4.24B |
| Q1 FY2025 | $844.5M-0.9% | $182.3M | $276.3M | $276.3M | $483.0M | $8.79B | $37.5M | $4.40B |
| Q2 FY2025 | $792.9M-6.1% | $201.7M | $294.9M | $294.9M | $571.1M | $8.99B | $0 | $4.59B |
| Q3 FY2025 | $811.6M+2.4% | $155.1M | $246.5M | $246.5M | $505.0M | $9.09B | $0 | $4.71B |
| Q4 FY2025 | $704.9M-13.1% | $109.0M | $182.3M | $182.3M | $451.9M | $9.25B | $0 | $4.81B |
| Q1 FY2026 | $1.48B+109.8% | $-335.0M | $-298.0M | $-298.0M | $640.0M | $19.14B | $0 | $6.87B |
Balance Sheet Summary (Latest Period)
SM Energy Company (SM) Financial Statements & Revenue History
SM Energy Company (SM) is a US-listed stock operating in the Energy sector, specifically the Crude Petroleum & Natural Gas industry trading at $33.91 with a market capitalization of $8. This page provides 41 historical financial statements for SM Energy Company, including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, SM Energy Company reported revenue of $3.2 billion, representing 17.2% year-over-year growth. The net profit margin of 20.5% reflects strong profitability. The debt-to-equity ratio of 0.00 shows conservative leverage.
SM Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows SM Energy Company's revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether SM is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track SM's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently SM Energy Company converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of SM's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use SM Financial Data
Investors use SM Energy Company's financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare SM's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how SM's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View SM's financial health score, earnings, and pre-market pricing.
Financial data is sourced from SM Energy Company's SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.SM trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.