SM Energy Company
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2008 | — | 13.2% | 6.7% |
| FY2009 | — | -15.7% | -11.9% |
| FY2010 | — | 31.0% | 18.0% |
| FY2011 | — | 24.0% | 13.4% |
| FY2012 | — | -1.3% | -3.6% |
| FY2013 | — | 16.1% | 7.5% |
| FY2014 | — | 46.2% | 26.4% |
| FY2015 | — | -37.2% | -28.8% |
| FY2016 | 50.9% | -86.8% | -62.2% |
| FY2017 | 55.0% | -14.5% | -14.2% |
| FY2018 | 76.4% | 40.5% | 24.6% |
| FY2019 | 68.5% | -4.4% | -11.8% |
| FY2020 | 65.3% | -94.9% | -67.9% |
| FY2021 | 80.7% | 8.0% | 1.4% |
| FY2022 | 81.5% | 47.0% | 33.1% |
| FY2023 | 76.2% | 41.6% | 34.5% |
| FY2024 | 76.3% | 40.0% | 28.6% |
| FY2025 | 71.9% | 31.7% | 20.5% |