SM Energy Company (SM) Earnings History
Annual and quarterly earnings data from 1990 to 2025
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SM EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
SM Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 31.9% | 26.1% | 20.5% |
| 2024 | 45.9% | 40.3% | 28.8% |
| 2023 | 47.0% | 41.7% | 34.6% |
| 2022 | 63.4% | 47.2% | 33.2% |
| 2021 | 50.7% | 8.0% | 1.4% |
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SM Energy Company (SM) Earnings Overview
As of May 8, 2026, SM Energy Company (SM) reported trailing twelve-month net income of $131M, reflecting -15.4% year-over-year growth. The company earned $0.66 per diluted share over the past four quarters, with a net profit margin of 20.5%.
Looking at the long-term picture, SM's historical earnings data spans multiple years. The company achieved its highest annual net income of $1.11B in fiscal 2022.
SM Energy Company maintains industry-leading profitability with a gross margin of 31.9%, operating margin of 26.1%, and net margin of 20.5%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including CIVI ($638M net income, 16.1% margin), MTDR ($483M net income, 20.8% margin), CRGY (-$285M net income, 3.7% margin), SM has outperformed on profitability metrics. Compare SM vs CIVI →
SM Earnings vs Peers
Earnings metrics vs comparable public companies
SM Historical Earnings Data (1990–2025)
36 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $648M | -15.9% | $822M | $5.64 | 20.5% | 26.1% |
| 2024 | $770M | -5.8% | $1.08B | $6.67 | 28.8% | 40.3% |
| 2023 | $818M | -26.4% | $987M | $6.86 | 34.6% | 41.7% |
| 2022 | $1.11B | +2969.2% | $1.58B | $8.96 | 33.2% | 47.2% |
| 2021 | $36M | +104.7% | $209M | $0.29 | 1.4% | 8.0% |
| 2020 | -$765M | -308.9% | -$1.07B | $-6.72 | -67.9% | -94.9% |
| 2019 | -$187M | -136.8% | -$70M | $-1.66 | -11.8% | -4.4% |
| 2018 | $508M | +416.1% | $836M | $4.48 | 31.0% | 51.0% |
| 2017 | -$161M | +78.8% | -$164M | $-1.44 | -12.8% | -13.0% |
| 2016 | -$758M | -69.2% | -$1.06B | $-9.90 | -64.2% | -89.6% |
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Start ComparisonSM — Frequently Asked Questions
Quick answers to the most common questions about buying SM stock.
Is SM growing earnings?
SM EPS fell to $0.66, with earnings declining -15.4%. This contrasts with the 5-year CAGR of N/A. TTM net income dropped to $131M.
What are SM's profit margins?
SM Energy Company net margin is +20.5%, with operating margin at +26.1%. Above-average margins indicate pricing power.
How consistent are SM's earnings?
SM earnings data spans 1990-2025. The declining earnings trend is -15.4% YoY. Historical data enables comparison across business cycles.