SuperworthSM Energy profit margin SM
Gross, operating and net profit as a share of revenue over the last twelve months, from 2010.
- Net margin, 12 months
- 18.2%
- Operating margin, 12 months
- 29.6%
- Net margin on a year earlier
- −7.7 pts
- Peer median
- 18.8%
Over the twelve months to Jun 30, 2026, SM Energy kept 18.2% of its revenue as net profit, with an operating margin of 29.6% and a gross margin of 74.2%.
Five years earlier its net margin was −45.9%.
The median for 10 oil and gas producers of a similar size is 18.8%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 20.5% | 31.7% | 71.9% |
| FY2024 | 28.6% | 40.0% | 76.3% |
| FY2023 | 34.5% | 41.6% | 76.3% |
| FY2022 | 33.1% | 47.0% | 81.5% |
| FY2021 | 1.4% | 8.0% | 80.7% |
| FY2020 | −67.9% | −94.9% | 65.3% |
| FY2019 | −11.8% | −4.4% | 68.5% |
| FY2018 | 24.6% | 40.5% | 76.4% |
| FY2017 | −14.2% | −14.5% | n/a |
| FY2016 | −62.2% | −87.0% | n/a |
| FY2015 | −28.8% | −37.2% | n/a |
| FY2014 | 26.4% | 46.2% | n/a |
| FY2013 | 7.5% | 16.1% | n/a |
| FY2012 | −3.6% | −1.3% | n/a |
| FY2011 | 13.4% | 24.0% | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 18.2% | −7.7 pts | 29.6% | |
| Q1 FY26 | 3.5% | −24.2 pts | 11.2% | |
| Q4 FY25 | 20.5% | −8.1 pts | 31.7% | |
| Q3 FY25 | 22.0% | −11.9 pts | 33.5% | |
| Q2 FY25 | 25.9% | −7.2 pts | 38.0% | |
| Q1 FY25 | 27.6% | −4.2 pts | 39.4% | |
| Q4 FY24 | 28.6% | −5.8 pts | 40.0% | |
| Q3 FY24 | 33.9% | −0.1 pts | 44.9% | |
| Q2 FY24 | 33.2% | −8.2 pts | 39.4% | |
| Q1 FY24 | 31.8% | −9.3 pts | 37.8% | |
| Q4 FY23 | 34.5% | +1.3 pts | 41.6% | |
| Q3 FY23 | 34.0% | −2.1 pts | 41.8% |
Against its peers
Companies in Oil & Gas Exploration & Production nearest SM Energy's size, closest first, today.
| Company | Profit margin |
|---|---|
| SMSM Energy | 18.2% |
| CHRDChord Energy | 13.4% |
| RRCRange Resources | 25.0% |
| MTDRMatador Resources | 19.9% |
| ARANTERO RESOURCES | 17.7% |
| MURMurphy Oil | 9.7% |
| MGYMagnolia Oil & Gas | 28.8% |
| LBLandBridge Co LLC | 16.5% |
| CNXCNX Resources | 36.5% |
| VNOMViper Energy | 2.9% |
| APAAPA | 21.1% |
| Peer median | 18.8% |
Where SM Energy ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on SM Energy
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.