SM Energy annual return on equity
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
SM Energy Return on Equity (ROE) Growth & History (SM)
SM Energy's return on equity was 14.33% for fiscal 2025.
View full SM Energy company overviewSM Energy annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 14.33% | −5.29 pp |
| 2024 | 2024-12-31 | 19.61% | −4.80 pp |
| 2023 | 2023-12-31 | 24.41% | −18.78 pp |
| 2022 | 2022-12-31 | 43.20% | +41.42 pp |
| 2021 | 2021-12-31 | 1.78% | +33.87 pp |
| 2020 | 2020-12-31 | −32.09% | −25.49 pp |
| 2019 | 2019-12-31 | −6.60% | −25.73 pp |
| 2018 | 2018-12-31 | 19.13% | +25.71 pp |
| 2017 | 2017-12-31 | −6.58% | +28.27 pp |
| 2016 | 2016-12-31 | −34.84% | −13.21 pp |
| 2015 | 2015-12-31 | −21.63% | −55.85 pp |
| 2014 | 2014-12-31 | 34.21% | +22.90 pp |
| 2013 | 2013-12-31 | 11.32% | +15.09 pp |
| 2012 | 2012-12-31 | −3.77% | −19.84 pp |
| 2011 | 2011-12-31 | 16.07% | −1.89 pp |
| 2010 | 2010-12-31 | 17.96% | +27.26 pp |
| 2009 | 2009-12-31 | −9.30% | — |
SM Energy quarterly return on equity
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Q2.25
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 14.59% | +10.10 pp |
| Q1 2026 | 2026-03-31 | −5.74% | −9.95 pp |
| Q4 2025 | 2025-12-31 | 2.29% | −2.24 pp |
| Q3 2025 | 2025-09-30 | 3.33% | −2.75 pp |
| Q2 2025 | 2025-06-30 | 4.49% | −1.08 pp |
| Q1 2025 | 2025-03-31 | 4.21% | +0.62 pp |
| Q4 2024 | 2024-12-31 | 4.53% | −2.51 pp |
| Q3 2024 | 2024-09-30 | 6.08% | −0.55 pp |
| Q2 2024 | 2024-06-30 | 5.58% | +0.98 pp |
| Q1 2024 | 2024-03-31 | 3.59% | −2.70 pp |
| Q4 2023 | 2023-12-31 | 7.04% | −1.64 pp |
| Q3 2023 | 2023-09-30 | 6.63% | −11.48 pp |
| Q2 2023 | 2023-06-30 | 4.59% | −9.60 pp |
| Q1 2023 | 2023-03-31 | 6.29% | +3.95 pp |
| Q4 2022 | 2022-12-31 | 8.68% | −14.28 pp |
| Q3 2022 | 2022-09-30 | 18.12% | +12.75 pp |
| Q2 2022 | 2022-06-30 | 14.19% | +27.61 pp |
| Q1 2022 | 2022-03-31 | 2.33% | +15.61 pp |
| Q4 2021 | 2021-12-31 | 22.97% | +30.83 pp |
| Q3 2021 | 2021-09-30 | 5.37% | +9.77 pp |
| Q2 2021 | 2021-06-30 | −13.42% | −9.56 pp |
| Q1 2021 | 2021-03-31 | −13.27% | +2.91 pp |
| Q4 2020 | 2020-12-31 | −7.86% | −4.21 pp |
| Q3 2020 | 2020-09-30 | −4.40% | −5.90 pp |
| Q2 2020 | 2020-06-30 | −3.86% | −5.68 pp |
| Q1 2020 | 2020-03-31 | −16.18% | −9.91 pp |
| Q4 2019 | 2019-12-31 | −3.65% | −14.87 pp |
| Q3 2019 | 2019-09-30 | 1.50% | +6.59 pp |
| Q2 2019 | 2019-06-30 | 1.82% | +1.19 pp |
| Q1 2019 | 2019-03-31 | −6.27% | −18.70 pp |
| Q4 2018 | 2018-12-31 | 11.22% | +12.32 pp |
| Q3 2018 | 2018-09-30 | −5.09% | −1.47 pp |
| Q2 2018 | 2018-06-30 | 0.63% | +5.32 pp |
| Q1 2018 | 2018-03-31 | 12.43% | +9.52 pp |
| Q4 2017 | 2017-12-31 | −1.09% | +8.16 pp |
| Q3 2017 | 2017-09-30 | −3.63% | −1.07 pp |
| Q2 2017 | 2017-06-30 | −4.69% | +7.12 pp |
| Q1 2017 | 2017-03-31 | 2.91% | +23.57 pp |
| Q4 2016 | 2016-12-31 | −9.25% | +7.60 pp |
| Q3 2016 | 2016-09-30 | −2.56% | −2.70 pp |
| Q2 2016 | 2016-06-30 | −11.81% | −9.21 pp |
| Q1 2016 | 2016-03-31 | −20.66% | −18.32 pp |
| Q4 2015 | 2015-12-31 | −16.85% | −32.50 pp |
| Q3 2015 | 2015-09-30 | 0.14% | −11.16 pp |
| Q2 2015 | 2015-06-30 | −2.60% | −6.09 pp |
| Q1 2015 | 2015-03-31 | −2.35% | −6.34 pp |
| Q4 2014 | 2014-12-31 | 15.65% | +15.21 pp |
| Q3 2014 | 2014-09-30 | 11.30% | +6.76 pp |
| Q2 2014 | 2014-06-30 | 3.49% | −1.67 pp |
| Q1 2014 | 2014-03-31 | 4.00% | +2.82 pp |
| Q4 2013 | 2013-12-31 | 0.44% | +5.09 pp |
| Q3 2013 | 2013-09-30 | 4.54% | +7.09 pp |
| Q2 2013 | 2013-06-30 | 5.16% | +3.51 pp |
| Q1 2013 | 2013-03-31 | 1.17% | −0.61 pp |
| Q4 2012 | 2012-12-31 | −4.65% | +3.27 pp |
| Q3 2012 | 2012-09-30 | −2.55% | −18.22 pp |
| Q2 2012 | 2012-06-30 | 1.65% | −8.07 pp |
| Q1 2012 | 2012-03-31 | 1.78% | +3.31 pp |
| Q4 2011 | 2011-12-31 | −7.91% | −10.98 pp |
| Q3 2011 | 2011-09-30 | 15.67% | +14.37 pp |
| Q2 2011 | 2011-06-30 | 9.72% | +8.05 pp |
| Q1 2011 | 2011-03-31 | −1.52% | — |
| Q4 2010 | 2010-12-31 | 3.07% | — |
| Q3 2010 | 2010-09-30 | 1.30% | — |
| Q2 2010 | 2010-06-30 | 1.68% | — |
SM Energy return on equity trends
Over the last five fiscal years, SM Energy's return on equity increased from −32.09% to 14.33%, a change of +46.42 percentage points. The latest reported quarter, Q2 2026, shows 14.59%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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