SM Energy Co.
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 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 | — | -94.9% | -67.9% |
| FY2021 | — | 8.0% | 1.4% |
| FY2022 | — | 47.0% | 33.1% |
| FY2023 | — | 41.6% | 34.5% |
| FY2024 | — | 40.0% | 28.6% |
| FY2025 | — | 31.7% | 20.5% |