Company / Operating Margin
SM Energy Company Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
31.7%
FY2025
5-year range
-4.4% / 47.0%
FY2021-FY2025
Trend
-20.7%
vs FY2024
Sector context
#16 of 81
Energy
What the data says
SM Energy Company's operating margin of 31.7% is higher than 80% of companies in the Energy sector (FY2025). Operating Margin has declined for 3 consecutive years, from 47.0% in FY2022 to 31.7% in FY2025.
Based on SEC 10-K filings.
31.7% in FY2025 with a 5-year CAGR of +126.6%. Top quartile in the Energy sector.
Declined from 41.6% to 31.7% over the past 2 years.
Energy sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- -15.3pp
- 5-Year Change
- +126.6pp
- 10-Year Change
- -
Sector benchmark
Top 20% in EnergyTop 20% of 81This company 31.7% Sector average 16.0%
▼
+97.8% above sector average
Key checks
Key Insights
- SM Energy Company's operating margin has declined for 3 consecutive years.
- In FY2025, operating margin decreased 20.7% year-over-year.
- Currently 15.7pp above the Energy sector average.
- Peak operating margin was recorded in FY2022.
Company context
Key Data Points
- Strong profit margin: 22.0%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 31.7% | -20.7% |
| FY2024 | 40.0% | -3.8% |
| FY2023 | 41.6% | -11.6% |
| FY2022 | 47.0% | +1168.9% |
| FY2021 | -4.4% | +95.4% |
| FY2020 | -94.9% | -2056.4% |
| FY2019 | -4.4% | -110.9% |
| FY2018 | 40.5% | +379.0% |
| FY2017 | -14.5% | +83.3% |
| FY2016 | -87.0% | -641.8% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026