🫧 Edgar looked up SM ENERGY CO ($SM). Last filing: 8-K (1.02 Termination of a Material Definitive Agreement), 2026-09-04. 27 event filings (8-K) in the past twelve months. Auditor change (8-K Item 4.01) filed 2026-02-09.
🔖 Exposure: revenue $3.2B (FY2025). Experience: revenue up 17.2% on the year, up 4.7% a year over 4 years; operating margin 31.7%, down from 40.0%. Soundness: equity 52.0% of assets, return on equity 13.5%, payout 14.2% of profit, dividend per share up 4 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $2.7B and $4.0B next year (method v3, set from 4,599 SEC company-years; on a year the method never saw, 83% landed inside). A range, not a forecast. Against peers (45 filers, $50M+ revenue, crude petroleum & natural gas): operating margin 31.7% against a 16.8% median; growth 17.2% against 7.8%.
Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.
| Fiscal year end | 2025-12-31 |
| Revenue | $3.2B |
| Revenue, on the year | 17.2% |
| Revenue, a year over the record | 4.7% |
| Operating margin | 31.7% |
| Operating margin, prior year | 40.0% |
| Net margin | 20.5% |
| Research and development | not filed separately |
| Free cash flow | — |
| Cash | $368M |
| Total debt | — |
| Equity of assets | 52.0% |
| Return on equity | 13.5% |
| Payout of profit | 14.2% |
| Dividend per share | $0.8 · up 4 years running |
| Audited years read | 5 |
Peers: the median of 45 filers with $50M+ revenue in crude petroleum & natural gas.
Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets, no buy or sell views. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company
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