Financials in USD. Standardized financial statements.
A compact view of how SM Energy Company turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $3.15B | $2.67B | $2.36B | $3.35B | $2.60B | $1.13B | $1.59B | $1.64B | $1.26B | $1.18B |
| Revenue Growth? | +18.1% | +13.0% | -29.3% | +28.8% | +130.7% | -29.0% | -3.3% | +30.1% | +6.8% | 0.0% |
| Cost of Revenue? | $2.15B | $1.45B | $1.25B | $1.22B | $1.28B | $1.18B | $1.32B | $1.15B | $1.06B | $1.39B |
| Gross Profit? | $1.00B | $1.23B | $1.11B | $2.12B | $1.32B | -$50.02M | $261.24M | $487.48M | $195.46M | -$207.93M |
| Gross Margin? | +31.9% | +45.9% | +47.0% | +63.4% | +50.7% | -4.4% | +16.5% | +29.7% | +15.5% | -17.6% |
| Operating Expenses? | $183.00M | $149.31M | $122.96M | $541.73M | $1.11B | $1.02B | $331.21M | -$348.86M | $359.18M | $849.11M |
| Operating Income? | $822.00M | $1.08B | $986.91M | $1.58B | $209.12M | -$1.07B | -$69.97M | $836.34M | -$163.72M | -$1.06B |
| EBITDA? | $2.21B | $1.92B | $1.70B | $2.12B | $980.91M | -$7.83M | $751.86M | $1.48B | $392.48M | -$252.49M |
| Income Before Tax | $830.00M | $966.22M | $914.20M | $1.40B | $46.17M | -$956.71M | -$231.04M | $651.78M | -$343.81M | -$1.20B |
| Income Tax Expense | $182.00M | $195.93M | $96.32M | $283.82M | $9.94M | -$192.09M | -$44.04M | $143.37M | -$182.97M | -$444.17M |
| Net Income? | $648.00M | $770.29M | $817.88M | $1.11B | $36.23M | -$764.61M | -$187.00M | $508.41M | -$160.84M | -$757.74M |
| EPS? | $5.65 | $6.71 | $6.89 | $9.09 | $0.30 | $-6.72 | $-1.66 | $4.54 | $-1.44 | $-9.90 |
| Diluted EPS? | $5.64 | $6.67 | $6.86 | $8.96 | $0.29 | $-6.72 | $-1.66 | $4.48 | $-1.44 | $-9.90 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality