SM Energy Co.
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2015 | — | -48.5% | -37.5% |
| FY2016 | 9.2% | -160.6% | -115.2% |
| FY2017 | 52.9% | -15.2% | -14.9% |
| FY2018 | 66.8% | 57.0% | 34.6% |
| FY2019 | 65.5% | -4.8% | -12.9% |
| FY2020 | — | -88.5% | -63.3% |
| FY2021 | — | 15.3% | 2.7% |
| FY2022 | — | 64.4% | 45.3% |
| FY2023 | — | 41.7% | 34.5% |
| FY2024 | — | 54.5% | 39.0% |