Is SM Energy (SM) overvalued or fairly valued?

MarketChacha shows SM Energy's valuation in context — a trailing P/E of about 6.2, a forward P/E of about 4.9, a price-to-book of about 1.1 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does SM Energy's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (2.40×) from reported figures — education, not a rating.

What is SM Energy's revenue?

SM Energy reported revenue of $3.2B for FY2025, with net profit of $648.0M, per official filings.

What is the share price of SM Energy (SM)?

SM Energy last traded at $36.44 (-3.1% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

SM Energy

SM · NYSE · Energy · United States

Snapshot

TickerSM

ExchangeNYSE

SectorEnergy

IndustryOil & Gas E&P

CountryUnited States

Employees1,241

HeadquartersDenver, United States

Websitewww.sm-energy.com

Filings tracked25

About SM Energy

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.

Who owns it

Insiders0.9%
Institutions99.1%
Public & other0.0%

635 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.16.51%
Vanguard Portfolio Management LLC6.49%
Canada Pension Plan Investment Board6.09%
Aristeia Capital, LLC5.47%
State Street Corporation4.92%
Vanguard Capital Management LLC4.48%
American Century Companies Inc3.76%
Dimensional Fund Advisors LP3.44%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Margin has compressed by about 13.9 points over the period — profitability is trending down.

Cash conversion2.40×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend34.5% → 20.5%

Margin has compressed by about 13.9 points over the period — profitability is trending down.

Growth qualityrev 15% · PAT -11%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $1.9B · EPS 1.73

Est. earnings growth +107.9%

Next fiscal year

Rev $7.5B · EPS 7.46

Est. earnings growth +4.3%

Analyst consensus estimates — not the company's own guidance.

New to these terms?

P/E ROE ROCE Margins Market cap

Browse the Learn hub →

Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$3.2B

Net margin

20.5%

ROE

13.5%

Revenue CAGR (2y)

+15.3%

Profit CAGR (2y)

-11.0%

EPS (FY2025)

5.64

Net profit (FY2025)

$648.0M

Ask MarketChacha about SM

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$3.2B	$648.0M	5.64	20.5%	13.5%
FY2024	$2.7B	$770.0M	6.67	28.6%	18.2%
FY2023	$2.4B	$818.0M	6.86	34.5%	22.6%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$2.5B	$1.1B	4.46	42.8%
2026Q1	$1.5B	$-335.0M	-1.68	-22.7%
2025Q3	$811.6M	$155.1M	1.35	19.1%
2025Q2	$793.0M	$202.0M	1.76	25.5%
2025Q1	$845.0M	$182.0M	1.59	21.5%
2024Q3	$643.6M	$240.5M	2.09	37.4%
2024Q2	$634.6M	$210.3M	1.82	33.1%
2024Q1	$559.9M	$131.2M	1.13	23.4%
2023Q3	$640.9M	$222.3M	1.88	34.7%
2023Q2	$550.8M	$149.9M	1.25	27.2%
2023Q1	$573.5M	$198.6M	1.62	34.6%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC8/6/2026
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC8/5/2026material
8-K — Results of operations
SEC7/16/2026material
8-K — Termination of agreement
SEC6/1/2026material
8-K — Executive/director change, Shareholder vote results, Exhibits
SEC5/22/2026material
8-K — Termination of agreement
SEC5/12/2026material
10-Q filing
SEC5/7/2026
8-K — Results of operations, Exhibits
SEC5/6/2026material
8-K — Completion of acquisition/disposition, Reg FD disclosure, Exhibits
SEC4/30/2026material
8-K — Results of operations
SEC4/17/2026material
8-K — Reg FD disclosure, Exhibits
SEC4/2/2026material
8-K — Reg FD disclosure, Exhibits
SEC3/18/2026material
8-K — Material agreement, Material financial obligation, Exhibits
SEC3/9/2026material
8-K — Other events, Exhibits
SEC3/5/2026material
8-K — Other events, Exhibits
SEC3/4/2026material
10-K filing
SEC2/26/2026
8-K — Results of operations, Other events, Exhibits
SEC2/25/2026material
8-K — Material agreement, Reg FD disclosure, Exhibits
SEC2/18/2026material
8-K — Auditor change, Exhibits
SEC2/9/2026material
8-K — Material agreement, Completion of acquisition/disposition, Material financial obligation, Bylaw/charter change, Reg FD disclosure, Exhibits
SEC1/30/2026material
8-K — Shareholder vote results, Reg FD disclosure, Exhibits
SEC1/27/2026material
8-K — Executive/director change
SEC1/26/2026material
8-K — Other events
SEC1/20/2026material

2025

8-K — Executive/director change, Reg FD disclosure
SEC12/19/2025material
8-K — Reg FD disclosure, Exhibits
SEC11/17/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.