MARKETS / NYSE / SM
NYSE · CRUDE PETROLEUM & NATURAL GAS · LARGE CAP

SM Energy Co. SM

18 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY4 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$3.1B
▲ 17.5% vs FY2024
Dividend streak
4 yrs
Raised every year since 2022
EPS · FY25
$5.64
Dividend / sh · FY25
$0.80
Payout · FY25
14%
ROE · FY25
14.3%
Net margin · FY25
20.7%
Dividend coverage
7.0×
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Result
USD 3.1B
Revenue, FY2025 · full 18-year series below
Revenue Net income
12343.10.62008201120142017202020232025
12343.10.62016201920222025

21 cents of every revenue dollar became profit this year.

Per share
USD 5.64
Diluted EPS, FY2025
EPS Dividend
48120.805.642008201120142017202020232025
48120.805.642016201920222025

Earnings covered the dividend 7.0 times — the rest stayed in the company.

Profitability
14.3%
Return on equity, FY2025
ROE
20406014.3%2008201120142017202020232025
20406014.3%2016201920222025
Operating margin31.9%
Net margin20.7%
Return on assets7.3%

Each USD of equity produced 14 cents of profit this year.

Returned to shareholders
USD 102.0M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 92.0M
Net buybacksUSD 10.0M
Share of profit15.7%
Consecutive raises4 years

USD 92.0M in dividends and USD 10.0M in buybacks — 16% of the year's profit went back to shareholders.

Growth
+22.7% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−2.1%
+22.7%
+7.3%
+7.3%
Net income
−16.5%
+8.3%
EPS, diluted
−14.3%
Dividend / share
+37.2%
+109.1%
Returned to shareholders
+11.4%
+113.9%
+31.2%
+20.4%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.11B
Shares outstanding, FY2025
0.060.112008201120142017202020232025
0.110.112016201920222025
Change, 5 years−0.1%
Change, 10 years

The share count shrank 0% in five years — the same company, cut into fewer, larger slices.

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Balance sheet
USD 9.3B
total assets, end of FY2025
Total assetsUSD 9.3B
EquityUSD 4.8B
CashUSD 368.0M
Current ratio0.69×

Equity funds 52% of total assets.

History
18 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Revenue $B
3.1
2.7
2.4
3.3
2.6
1.1
1.6
1.6
1.3
1.2
1.6
2.5
2.3
1.5
1.6
1.1
0.8
1.3
Operating income $B
1.0
1.1
1.0
1.6
0.2
−1.1
−0.1
0.8
−0.2
−1.1
−0.6
1.2
0.4
−0.0
0.4
0.3
−0.1
0.2
EBITDA $B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Income tax $B
0.2
0.2
0.1
0.3
0.0
−0.2
−0.0
0.1
−0.2
−0.4
−0.3
0.4
0.1
−0.0
0.1
0.1
−0.1
0.1
Net income $B
0.6
0.8
0.8
1.1
0.0
−0.8
−0.2
0.5
−0.2
−0.8
−0.4
0.7
0.2
−0.1
0.2
0.2
−0.1
0.1
EPS, diluted $
5.64
6.67
6.86
8.96
0.29
−6.72
−1.66
4.48
−1.44
−9.90
−6.61
9.79
2.51
−0.83
3.19
3.04
−1.59
1.38
Dividend / sh $
0.80
0.76
0.63
0.31
0.02
0.02
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
Payout %
14
11
9
2
7
−0
−6
2
−7
−1
−2
1
4
−12
3
3
−6
7
ROE %
14.3
19.6
24.4
43.2
1.8
−32.1
−6.6
19.1
−6.6
−34.8
−21.6
29.1
·
·
·
·
·
·
Shares out B
0.11
0.11
0.12
0.12
0.12
0.11
0.11
0.11
0.11
0.11
0.07
0.07
0.07
0.07
0.06
0.06
0.06
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
52 of 52
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed