Summit Midstream Corp. (SMC) Financial Ratios
7 years of historical data (2019–2025) · Energy · Oil & Gas Midstream
EV/EBITDA
↓
7.56
-5% vs avg
5yr avg: 7.96
30Y Low7.3·High8.6
P/FCF
↓
8.36
↓-70% vs avg
5yr avg: 28.17
30Y Low7.3·High49.1
P/B Ratio
↓
0.34
-5% vs avg
5yr avg: 0.36
30Y Low0.3·High0.4
ROE
↑
-1.9%
↓+72% vs avg
5yr avg: -6.8%
30Y Low-27%·High21%
Debt/EBITDA
↑
5.62
↓-14% vs avg
5yr avg: 6.54
30Y Low4.4·High9.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SMC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Summit Midstream Corp. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 8.4x P/FCF, 70% below the 5-year average of 28.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $372M | $324M | $400M | — | — | — | — | — |
| Enterprise Value | $1.4B | $1.4B | $1.4B | — | — | — | — | — |
| P/E Ratio → | -18.86 | — | — | — | — | — | — | — |
| P/S Ratio | 0.66 | 0.58 | 0.93 | — | — | — | — | — |
| P/B Ratio | 0.34 | 0.30 | 0.41 | — | — | — | — | — |
| P/FCF | 8.36 | 7.27 | 49.08 | — | — | — | — | — |
| P/OCF | 2.79 | 2.42 | 6.48 | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
SMC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Summit Midstream Corp.'s enterprise value stands at 7.6x EBITDA, 5% below its 5-year average of 8.0x. The Energy sector median is 8.1x, placing the stock at a 6% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.43 | 3.19 | — | — | — | — | — |
| EV / EBITDA | 7.56 | 7.30 | 8.62 | — | — | — | — | — |
| EV / EBIT | 19.57 | 15.43 | 9.21 | — | — | — | — | — |
| EV / FCF | — | 30.70 | 168.04 | — | — | — | — | — |
SMC Profitability
Margins and return-on-capital ratios measuring operating efficiency
Summit Midstream Corp. earns an operating margin of 12.9%, roughly in line with the Energy sector average. Operating margins have compressed from 17.6% to 12.9% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -1.9% indicates the company is currently destroying shareholder equity. ROIC of 2.7% represents below-average returns on invested capital versus a sector median of 6.3%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 72.6% | 72.6% | 26.3% | 26.8% | 24.2% | 61.1% | 37.2% | 63.5% |
| Operating Margin | 12.9% | 12.9% | 13.4% | 17.6% | 12.1% | 46.4% | 18.1% | 27.0% |
| Net Profit Margin | -3.5% | -3.5% | -26.3% | -8.5% | -33.4% | -5.0% | 50.2% | -47.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | -1.9% | -1.9% | -12.5% | -4.5% | -13.0% | -2.0% | 21.4% | -27.1% |
| ROA | -0.8% | -0.8% | -4.7% | -1.5% | -4.9% | -0.8% | 7.6% | -8.3% |
| ROIC | 2.7% | 2.7% | 2.0% | 2.6% | 1.4% | 5.9% | 2.2% | 3.7% |
| ROCE | 3.3% | 3.3% | 2.5% | 3.4% | 1.8% | 7.6% | 2.8% | 4.7% |
SMC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Summit Midstream Corp. carries a Debt/EBITDA ratio of 5.6x, which is highly leveraged (132% above the sector average of 2.4x). Net debt stands at $1.0B ($1.1B total debt minus $9M cash). Interest coverage of just 0.8x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.97 | 0.97 | 1.03 | 1.76 | 1.70 | 1.34 | 1.34 | 2.08 |
| Debt / EBITDA | 5.62 | 5.62 | 6.25 | 7.25 | 9.13 | 4.44 | 7.19 | 7.04 |
| Net Debt / Equity | — | 0.96 | 1.01 | 1.74 | 1.69 | 1.34 | 1.32 | 2.06 |
| Net Debt / EBITDA | 5.57 | 5.57 | 6.10 | 7.19 | 9.06 | 4.41 | 7.11 | 7.00 |
| Debt / FCF | — | 23.44 | 118.96 | 25.33 | 21.85 | 9.65 | 8.61 | — |
| Interest Coverage | 0.76 | 0.76 | 0.50 | 0.57 | 0.44 | 2.82 | 0.88 | 1.31 |
SMC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.55x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.73x to 0.55x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.55 | 0.55 | 0.68 | 0.73 | 0.83 | 1.10 | 1.20 | 25.22 |
| Quick Ratio | 0.55 | 0.55 | 0.68 | 0.73 | 0.83 | 1.10 | 1.20 | 25.22 |
| Cash Ratio | 0.05 | 0.05 | 0.13 | 0.10 | 0.10 | 0.09 | 0.23 | 1.72 |
| Asset Turnover | — | 0.24 | 0.18 | 0.18 | 0.14 | 0.16 | 0.15 | 0.17 |
| Inventory Turnover | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 45.29 | 65.47 | 60.67 | 74.35 | 56.47 | 58.95 | 79.95 |
SMC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Summit Midstream Corp. returns 3.6% to shareholders annually primarily through dividends.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.6% | 4.1% | 1.6% | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — |
| FCF Yield | 12.0% | 13.8% | 2.0% | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | — | — | — | — | — |
| Total Shareholder Yield | 3.6% | 4.1% | 1.6% | — | — | — | — | — |
| Shares Outstanding | — | $12M | $11M | $10M | $10M | $7M | $5M | $5M |
Peer Comparison
Compare SMC with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 SMCYou | $372M | -18.9 | 7.6 | 8.4 | 72.6% | 12.9% | -1.9% | 2.7% | 5.6 |
 HESM | $8B | 13.5 | 9.7 | 11.0 | 63.9% | 62.2% | 78.1% | 18.6% | 3.1 |
 DKL | $3B | 15.5 | 8.8 | — | 20.9% | 18.0% | 847.5% | 14.1% | 0.1 |
 WES | $18B | 14.4 | 11.2 | 12.1 | 68.5% | 41.3% | 31.0% | 10.5% | 3.9 |
 TRGP | $54B | 29.6 | 14.4 | 92.9 | 26.5% | 20.1% | 48.4% | 13.2% | 3.5 |
 AM | $10B | 24.7 | 15.5 | 13.1 | 65.3% | 51.2% | 20.2% | 9.4% | 3.8 |
 CTRA | $25B | 14.5 | 5.9 | 15.1 | 60.4% | 89.1% | 12.3% | 10.9% | 0.8 |
 DT | $12B | 25.4 | 49.0 | 27.9 | 81.2% | 10.6% | 20.9% | 9.0% | 0.3 |
 MPLX | $57B | 11.7 | 13.3 | 13.9 | 45.2% | 40.3% | 34.4% | 9.9% | 4.3 |
 ET | $69B | 14.8 | 9.4 | 17.8 | 21.8% | 11.4% | 10.2% | 6.3% | 4.9 |
 KMI | $70B | 23.0 | 14.1 | 21.8 | 43.7% | 28.4% | 9.5% | 5.6% | 4.5 |
| Energy Median | — | 16.8 | 8.1 | 14.3 | 31.9% | 14.3% | 7.8% | 6.3% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 7 years · Updated daily
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Start ComparisonSMC — Frequently Asked Questions
Quick answers to the most common questions about buying SMC stock.
What is Summit Midstream Corp.'s P/E ratio?
Summit Midstream Corp.'s current P/E ratio is -18.9x. This places it at the 50th percentile of its historical range.
What is Summit Midstream Corp.'s EV/EBITDA?
Summit Midstream Corp.'s current EV/EBITDA is 7.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.0x.
What is Summit Midstream Corp.'s ROE?
Summit Midstream Corp.'s return on equity (ROE) is -1.9%. The historical average is -5.7%.
Is SMC stock overvalued?
Based on historical data, Summit Midstream Corp. is trading at a P/E of -18.9x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Summit Midstream Corp.'s dividend yield?
Summit Midstream Corp.'s current dividend yield is 3.63%.
What are Summit Midstream Corp.'s profit margins?
Summit Midstream Corp. has 72.6% gross margin and 12.9% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Summit Midstream Corp. have?
Summit Midstream Corp.'s Debt/EBITDA ratio is 5.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.