SM Energy Company
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
2.792.772.912.74
Price/Sales ratio
0.980.960.960.95
Earnings per Share (EPS)
$9.15$9.20$8.78$9.32

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
3.89-2.97-3.48-15.293.40-6.76-0.9196.863.835.615.213.40
Price/Sales ratio
1.020.872.231.951.050.790.611.351.271.931.761.05
Price/Book Value ratio
1.130.711.051.020.590.460.341.701.381.271.060.59
Price/Cash Flow ratio
1.781.364.774.772.401.530.873.022.522.912.572.40
Price/Free Cash Flow ratio
-2.44-2.54-1.16-5.31-2.81-6.232.957.285.289.678.65-2.81
Price/Earnings Growth ratio
0.010.01-0.060.17-0.000.04-0.00-0.920.00-0.23-0.010.04
Dividend Yield
0.25%0.50%0.29%0.45%0.64%0.88%0.32%0.06%0.46%1.55%1.95%0.64%
Profitability Indicator Ratios
Gross Profit Margin
40.20%-9.55%-17.61%15.50%29.72%16.65%-4.40%50.73%63.39%47.17%45.46%29.72%
Operating Profit Margin
46.23%-38.23%-89.74%-13.36%50.99%3.68%-19.39%44.08%47.20%41.57%45.59%45.59%
Pretax Profit Margin
42.22%-47.74%-101.82%-27.27%39.73%-14.53%-84.92%1.77%41.71%38.51%41.58%39.73%
Net Profit Margin
26.41%-29.57%-64.19%-12.76%30.99%-11.76%-67.87%1.39%33.23%34.45%33.91%30.99%
Effective Tax Rate
37.44%38.06%36.95%53.21%21.99%19.06%20.07%21.52%20.33%10.53%18.44%19.06%
Return on Assets
10.22%-7.96%-11.85%-2.60%8.00%-2.97%-15.36%0.69%19.45%12.81%10.32%8.00%
Return On Equity
29.12%-24.16%-30.34%-6.71%17.40%-6.80%-37.92%1.75%36.03%22.61%21.79%17.40%
Return on Capital Employed
20.33%-10.88%-17.71%-2.99%14.20%1.00%-4.97%26.36%30.86%17.17%14.96%14.20%
Liquidity Ratios
Current Ratio
0.941.710.540.980.920.530.34N/AN/AN/A3.510.92
Quick Ratio
0.380.500.400.860.540.410.290.661.151.443.510.54
Cash ratio
0.000.000.020.560.160.000.000.370.740.972.980.16
Days of Sales Outstanding
40.9332.3346.9846.3737.2842.4252.6334.7325.4535.5433.8242.42
Days of Inventory outstanding
107.1080.9214.3322.0255.4515.209.686.8714.50N/AN/A15.20
Operating Cycle
148.04113.2561.3268.4092.7357.6362.3141.6039.9535.5433.8257.63
Days of Payables Outstanding
N/AN/AN/A26.5817.7414.3519.557.1513.0831.23153.5317.74
Cash Conversion Cycle
148.04113.2561.3241.8174.9943.2742.7634.4526.874.30-119.7043.27
Debt Ratios
Debt Ratio
0.350.440.450.470.400.430.440.390.270.240.330.43
Debt Equity Ratio
1.021.351.161.210.880.991.091.000.500.430.660.99
Long-term Debt to Capitalization
0.500.570.530.540.470.490.520.500.330.300.390.49
Total Debt to Capitalization
0.500.570.530.540.470.490.520.500.330.300.390.49
Interest Coverage Ratio
7.52-3.38-2.580.021.840.38-1.30N/AN/AN/A9.421.84
Cash Flow to Debt Ratio
0.620.380.190.170.270.300.350.551.070.990.620.27
Company Equity Multiplier
2.843.032.562.572.172.282.462.531.851.761.972.28
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.570.640.460.400.430.510.700.440.500.660.680.43
Free Cash Flow / Operating Cash Flow Ratio
-0.72-0.53-4.08-0.89-0.85-0.240.290.410.470.300.29-0.85
Cash Flow Coverage Ratio
0.620.380.190.170.270.300.350.551.070.990.620.27
Short Term Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Dividend Payout Ratio
1.00%-1.51%-1.02%-6.92%2.20%-6.01%-0.29%6.60%1.76%8.75%9.59%2.20%