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 extraction industry, focused on exploration and production activities, onshore in the United States.
It is a $8.78B energy company. Revenue grew 75.4% over the last year, it keeps 18¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 8.8× earnings — around the middle of its own history.
- Website
- sm-energy.com
- Location
- Denver, CO
- Employees
- 1 241
- Sector
- Energy
- Founded
- 1908
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong valuation and profitability; Quality and Moat lag behind.
Valuation87
- P/E vs own history47th pct · 12/25
- FCF yield30.8% · 25/25
- P/S1.7x · 25/25
- EV/EBITDA4.6x · 25/25
Growth56
- Revenue CAGR4.7% · 6/25
- Net income CAGR105.7% · 25/25
- EPS CAGR ~5Yn/a · 0/25
- Fwd implied growth98.9% · 25/25
Profitability85
- ROIC17.7% · 20/25
- ROE16.5% · 20/25
- Net margin18.2% · 20/25
- Operating margin31.1% · 25/25
Health50
- Altman Zn/a · 0/25
- Current ratio0.62 · 0/25
- Interest coverage17.4x · 25/25
- Net cash / debtNet cash · 25/25
Quality34
- Piotroski F7/9 · 22/25
- Beneish M-1.81 · 12/25
- FCF conversionn/a · 0/25
- Margin stabilityσ 80.6% · 0/25
Moat44
- ROIC >12% years5/10 yrs · 13/25
- Median gross margin35.8% · 13/25
- FCF-positive years4/5 yrs · 18/25
- Worst-year net marginworst -67.9% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2022FinancialBest year on record$1.11B net income
- FY2021FinancialBecame debt-freecash now exceeds total debt
- FY2018FinancialTurned profitable$508M net income after a loss year
- FY2016FinancialRevenue already above $1B$1.22B in first reported year
- 2010MilestoneThe company changed its name from St
- 1992IPOThe company went public via an initial public offering
- 1908FoundedThe company was founded in 1908 as the St
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (72.9%)
- Revenue growing 75.4% year over year
- Strong cash conversion — FCF is 49.1% of revenue
- Net cash position after subtracting debt from cash
- Interest covered 17.4× by operating earnings
Watch-outs
- Loss-making in 4 of the recent years
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+75.4% YoY
- Profitable — makes more than it spends$1.00B TTM
- Profit growing — earnings are higher than last year-14.3% YoY
- Generates cash — cash left after running and investing$2.70B TTM
- Debt under control — could handle its obligationsmore cash than debt
- Established company — not a micro-cap — lower blow-up risk$8.78B market cap
- Not printing shares — share count not ballooning — you keep your slice+1.1% shares over ~5y
- Proven track record — years of profitability behind it6/10 profitable years
- Financially stable — balance sheet not near distresshealth score 18/100
- Pays a dividend — returns cash to shareholdersyield 2.06%
- Valuation not extreme — price not wildly above earningsP/E 8.8
Peer comparisonSM Energy Company vs 6 largest energy peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| SM this company | $8.8B | 8.8 | +75.4% | 18.2% | Strained |
| XOM ExxonMobil Holdings Corporation | $694.0B | 21.1 | +9.1% | 8.9% | Mixed |
| CVX Chevron Corporation | $416.8B | 20.3 | +10.2% | 9.6% | Mixed |
| SHEL Shell plc | $284.6B | 11.0 | -6.1% | 6.7% | Solid |
| TTE TotalEnergies SE | $191.1B | 10.9 | -6.8% | 7.2% | Solid |
| COP ConocoPhillips | $161.5B | 17.4 | +9.6% | 14.7% | Strained |
| MPC Marathon Petroleum Corporation | $127.8B | 14.9 | +15.0% | 5.6% | Strained |
Head-to-head: SM vs XOM · SM vs CVX · SM vs SHEL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/SM
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of SM on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $36.90 · market cap $8.78B.