SM Energy (SM) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

SM Energy

NYSE•Energy•Oil & Gas E&P

$38.16-3.13(-0.08%)Pre-market

Market Cap

$8.84B

P/E

8.8x

P/S

1.6x

P/B

1.1x

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the United States. The company holds working interests in oil and gas producing wells in the Midland Basin, South Texas, Uinta Basin, and DJ Basin. The company was formerly known as St. Mary Land & Exploration Company and changed its name to SM Energy Company in May 2010. SM Energy Company was founded in 1908 and is headquartered in Denver, Colorado.

How this company scores

GoodMetricSide Score: 78/100

Strongest: Growth (22/25); weakest: Balance Sheet & Red Flags (15/25).

Profitability20/25

Growth22/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality21/25

Strengths

Growing revenueRising free cash flowStrong marginsRising earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 8.8x5y range 2.7x – 99.4x

Currently above its 19-quarter median.

P/S · 1.6x5y range 0.7x – 2.5x

Currently near its 20-quarter median.

P/B · 1.1x5y range 0.5x – 2.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 38.1% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

FCF consistently trails net income (avg 0.7x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $8.84B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $5.50B
Q. Revenue: $2.50B
TTM EBITDA: $1.63B
TTM Op. Income: $1.63B
Q. Op. Income: $1.50B
TTM Net Income: $1.00B
Q. Net Income: $1.07B
EPS: $4.48
Shares Out.: $239.00M

$5.50B in TTM revenue grew 75.4% YoY, reaching $2.50B last quarter. TTM EBITDA of $1.63B and TTM operating income of $1.63B show growth is flowing through to the bottom line. TTM net income of $1.00B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 59.8%
Op. Margin: 59.8%
Net Margin: 42.8%

Op. margin of 59.8% is up 22.6% YoY — cost efficiency is improving. Net margin at 42.8% Over the past year, operating margin is up 61% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 8.8x
P/S Ratio: 1.6x
P/B Ratio: 1.1x

At 8.8x P/E, the stock trades below typical market levels. P/S of 1.6x and P/B of 1.1x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is up 154% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $18.86B
Cash: $620.00M
Long-Term Debt: N/A
Book Value: $7.81B
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $1.10B
TTM Free Cash Flow: $776.91M
FCF Margin: 14.1%
FCF / Net Income: 0.8

TTM FCF of $776.91M on $1.10B in operating cash flow. The FCF / Net Income ratio of 0.8x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.