← Back to All US Stocks

SM Energy Co (SM) Stock Fundamental Analysis & AI Rating 2026

SM NYSE Crude Petroleum & Natural Gas DE CIK: 0000893538
Recently Updated • Analysis: Apr 16, 2026 • SEC Data: 2025-12-31
HOLD
68% Conf
Pending
Analysis scheduled

📊 SM Key Takeaways

Revenue: $3.2B
Net Margin: 20.5%
Free Cash Flow: $2.0B
Current Ratio: 0.69x
Debt/Equity: 0.33x
EPS: $5.64
AI Rating: HOLD with 68% confidence
SM Energy Co (SM) receives a HOLD rating with 68% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $3.2B, net profit margin of 20.5%, and return on equity (ROE) of 13.5%, SM Energy Co demonstrates mixed fundamentals in the Energy sector. Below is our complete SM stock analysis for 2026.

Is SM Energy Co (SM) a Good Investment?

Claude

SM Energy demonstrates exceptional profitability margins (31.7% operating, 20.5% net) and outstanding free cash flow generation (63.8% FCF margin), supported by conservative leverage (0.33x debt/equity). However, fundamental growth is stalled (0.5% revenue growth), EPS is declining (-15.4% YoY), and the current ratio of 0.69x signals liquidity pressure that warrants monitoring despite strong cash generation.

Why Buy SM Energy Co Stock? SM Key Strengths

Claude
  • + Exceptional cash generation with $2.0B operating cash flow and 63.8% FCF margin on $3.2B revenue
  • + Highly profitable with 31.7% operating margin and 20.5% net margin demonstrating operational efficiency
  • + Conservative capital structure with 0.33x debt/equity ratio and healthy 5.8x interest coverage providing financial flexibility

SM Stock Risks: SM Energy Co Investment Risks

Claude
  • ! Severe revenue growth stagnation at 0.5% YoY indicates inability to expand in commodity markets
  • ! Diluted EPS declining 15.4% YoY despite positive net income signals shareholder value erosion or operational headwinds
  • ! Liquidity stress with current ratio of 0.69x below critical 1.0x threshold poses short-term cash flow risks
  • ! Cyclical commodity exposure creates earnings and cash flow volatility dependent on oil/gas price cycles

Key Metrics to Watch

Claude
  • * Revenue growth trajectory and ability to stabilize amid commodity price weakness
  • * Current ratio improvement toward 1.0x+ to validate working capital management
  • * Free cash flow consistency and capital allocation strategy (dividends/buybacks/debt reduction)

SM Energy Co (SM) Financial Metrics & Key Ratios

Revenue
$3.2B
Net Income
$648.0M
EPS (Diluted)
$5.64
Free Cash Flow
$2.0B
Total Assets
$9.3B
Cash Position
$368.0M

💡 AI Analyst Insight

The 63.8% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. The current ratio below 1.0x warrants monitoring of short-term liquidity.

SM Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin 31.7%
Net Margin 20.5%
ROE 13.5%
ROA 7.0%
FCF Margin 63.8%

SM vs Energy Sector: How SM Energy Co Compares

How SM Energy Co compares to Energy sector averages

Net Margin
SM 20.5%
vs
Sector Avg 12.0%
SM Sector
ROE
SM 13.5%
vs
Sector Avg 14.0%
SM Sector
Current Ratio
SM 0.7x
vs
Sector Avg 1.3x
SM Sector
Debt/Equity
SM 0.3x
vs
Sector Avg 0.6x
SM Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is SM Energy Co Stock Overvalued? SM Valuation Analysis 2026

Based on fundamental analysis, SM Energy Co appears fundamentally strong relative to the Energy sector in 2026.

Return on Equity
13.5%
Sector avg: 14%
Net Profit Margin
20.5%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.33x
Sector avg: 0.6x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

SM Energy Co Balance Sheet: SM Debt, Cash & Liquidity

Current Ratio
0.69x
Quick Ratio
0.69x
Debt/Equity
0.33x
Debt/Assets
0.0%
Interest Coverage
5.78x
Long-term Debt
$1.6B

SM Revenue & Earnings Growth: 5-Year Financial Trend

SM 5-year financial data: Year 2021: Revenue $2.6B, Net Income -$187.0M, EPS $-1.66. Year 2022: Revenue $3.3B, Net Income -$764.6M, EPS $-6.72. Year 2023: Revenue $3.3B, Net Income $36.2M, EPS $0.29. Year 2024: Revenue $3.3B, Net Income $1.1B, EPS $8.96. Year 2025: Revenue $3.1B, Net Income $818.0M, EPS $6.86.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: SM Energy Co's revenue has grown significantly by 21% over the 5-year period, indicating strong business expansion. The most recent EPS of $6.86 reflects profitable operations.

SM Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
63.8%
Free cash flow / Revenue

SM Quarterly Earnings & Performance

Quarterly financial performance data for SM Energy Co including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $642.4M $131.2M $1.35
Q2 2025 $633.5M $131.2M $1.76
Q1 2025 $559.6M $131.2M $1.13
Q3 2024 $639.7M $131.2M $1.88
Q2 2024 $546.6M $131.2M $1.25
Q1 2024 $559.6M $131.2M $1.13
Q3 2023 $639.7M $48.8M $1.88
Q2 2023 $546.6M $48.8M $1.25

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

SM Energy Co Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$2.0B
Cash generated from operations
Stock Buybacks
$13.0M
Shares repurchased (TTM)
Dividends Paid
$92.0M
Returned to shareholders

SM SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for SM Energy Co (CIK: 0000893538)

📋 Recent SEC Filings

Date Form Document Action
Apr 8, 2026 DEF 14A sm-20260407.htm View →
Apr 2, 2026 8-K sm-20260402.htm View →
Mar 18, 2026 8-K sm-20260318.htm View →
Mar 13, 2026 4 xslF345X05/wk-form4_1773433789.xml View →
Mar 9, 2026 8-K tm267946d3_8k.htm View →

Frequently Asked Questions about SM

What is the AI rating for SM?

SM Energy Co (SM) has an AI rating of HOLD with 68% confidence, based on fundamental analysis of SEC EDGAR filings.

What are SM's key strengths?

Claude: Exceptional cash generation with $2.0B operating cash flow and 63.8% FCF margin on $3.2B revenue. Highly profitable with 31.7% operating margin and 20.5% net margin demonstrating operational efficiency.

What are the risks of investing in SM?

Claude: Severe revenue growth stagnation at 0.5% YoY indicates inability to expand in commodity markets. Diluted EPS declining 15.4% YoY despite positive net income signals shareholder value erosion or operational headwinds.

What is SM's revenue and growth?

SM Energy Co reported revenue of $3.2B.

Does SM pay dividends?

SM Energy Co pays dividends, with $92.0M distributed to shareholders in the trailing twelve months.

Where can I find SM SEC filings?

Official SEC filings for SM Energy Co (CIK: 0000893538) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is SM's EPS?

SM Energy Co has a diluted EPS of $5.64.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is SM a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, SM Energy Co has a HOLD rating with 68% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is SM stock overvalued or undervalued?

Valuation metrics for SM: ROE of 13.5% (sector avg: 14%), net margin of 20.5% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

Should I buy SM stock in 2026?

Our dual AI analysis gives SM Energy Co a combined HOLD rating for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.

What is SM's free cash flow?

SM Energy Co's operating cash flow is $2.0B, with capital expenditures of N/A. FCF margin is 63.8%.

How does SM compare to other Energy stocks?

Vs Energy sector averages: Net margin 20.5% (avg: 12%), ROE 13.5% (avg: 14%), current ratio 0.69 (avg: 1.3).

Top Rated Stocks
NSSC 92% MLI 92% MELI 92% MDXG 92% MANH 92% INVA 92% GGG 92% GCT 92% FTNT 92% FSLR 92%
Sector: All Energy Stocks →
Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 16, 2026 | Data as of: 2025-12-31 | Powered by Claude AI