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SM Energy Valuation Multiples
Discover revenue and EBITDA valuation multiples for SM Energy and similar public comparables like South Bow, Guangdong Investment, Nakilat, Shenergy Group and more.
SM Energy Overview
About SM Energy
SM Energy Co is an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas, and NGLs in Texas and Utah. Its portfolio is comprised of assets in the Midland Basin of West Texas, the Maverick Basin of South Texas, and the Uinta Basin of northeastern Utah.
Founded
1915
HQ
Employees
663
Website
Sectors
Financials (LTM)
EV
$9B
SM Energy Financials
SM Energy reported last 12-month revenue of $4B and EBITDA of $3B.
In the same LTM period, SM Energy generated $3B in EBITDA and $824M in net income.
Revenue (LTM)
SM Energy P&L
In the most recent fiscal year, SM Energy reported revenue of $3B and EBITDA of $2B.
SM Energy expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $4B | XXX | $3B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 33% | XXX | XXX | XXX |
| EBITDA | $3B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 69% | XXX | 72% | XXX | XXX | XXX |
| EBIT Margin | 31% | XXX | 31% | XXX | XXX | XXX |
| Net Profit | $824M | XXX | $648M | XXX | XXX | XXX |
| Net Margin | 19% | XXX | 21% | XXX | XXX | XXX |
| Net Debt | — | — | $2B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
SM Energy Stock Performance
SM Energy has current market cap of $7B, and enterprise value of $9B.
Market Cap Evolution
SM Energy's stock price is $28.08.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $9B | $7B | 2.7% | XXX | XXX | XXX | $2.70 |
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Start Free TrialSM Energy Valuation Multiples
SM Energy trades at 2.1x EV/Revenue multiple, and 3.1x EV/EBITDA.
EV / Revenue (LTM)
SM Energy Financial Valuation Multiples
As of April 17, 2026, SM Energy has market cap of $7B and EV of $9B.
Equity research analysts estimate SM Energy's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
SM Energy has a P/E ratio of 8.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV (current) | $9B | XXX | $9B | XXX | XXX | XXX |
| EV/Revenue | 2.1x | XXX | 2.9x | XXX | XXX | XXX |
| EV/EBITDA | 3.1x | XXX | 4.0x | XXX | XXX | XXX |
| EV/EBIT | 6.9x | XXX | 9.2x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 8.7x | XXX | XXX | XXX |
| P/E | 8.2x | XXX | 10.4x | XXX | XXX | XXX |
| EV/FCF | 12.6x | XXX | 15.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified SM Energy Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
SM Energy Margins & Growth Rates
SM Energy's revenue in the last 12 month grew by 64%.
SM Energy's revenue per employee in the last FY averaged $4.8M, while opex per employee averaged $0.3M for the same period.
SM Energy's rule of 40 is 187% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
SM Energy's rule of X is 368% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
SM Energy Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 64% | XXX | 120% | XXX | XXX | XXX |
| EBITDA Margin | 69% | XXX | 72% | XXX | XXX | XXX |
| EBITDA Growth | 59% | XXX | 104% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 187% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 368% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $4.8M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 5% | XXX | 5% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 7% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
SM Energy Public Comps
See public comps and valuation multiples for other Energy Production and Oil & Gas comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| SM Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| South Bow | XXX | XXX | XXX | XXX | XXX | XXX |
| Guangdong Investment | XXX | XXX | XXX | XXX | XXX | XXX |
| Nakilat | XXX | XXX | XXX | XXX | XXX | XXX |
| Shenergy Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Grupo Ultra | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
SM Energy M&A Activity
SM Energy acquired XXX companies to date.
Last acquisition by SM Energy was on XXXXXXXX, XXXXX. SM Energy acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by SM Energy
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialSM Energy Investment Activity
SM Energy invested in XXX companies to date.
SM Energy made its latest investment on XXXXXXXX, XXXXX. SM Energy invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by SM Energy
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout SM Energy
| When was SM Energy founded? | SM Energy was founded in 1915. |
| Where is SM Energy headquartered? | SM Energy is headquartered in United States. |
| How many employees does SM Energy have? | As of today, SM Energy has over 663 employees. |
| Who is the CEO of SM Energy? | SM Energy's CEO is Herbert S. Vogel. |
| Is SM Energy publicly listed? | Yes, SM Energy is a public company listed on NYSE. |
| What is the stock symbol of SM Energy? | SM Energy trades under SM ticker. |
| When did SM Energy go public? | SM Energy went public in 1992. |
| Who are competitors of SM Energy? | SM Energy main competitors are South Bow, Guangdong Investment, Nakilat, Shenergy Group. |
| What is the current market cap of SM Energy? | SM Energy's current market cap is $7B. |
| What is the current revenue of SM Energy? | SM Energy's last 12 months revenue is $4B. |
| What is the current revenue growth of SM Energy? | SM Energy revenue growth (NTM/LTM) is 64%. |
| What is the current EV/Revenue multiple of SM Energy? | Current revenue multiple of SM Energy is 2.1x. |
| Is SM Energy profitable? | Yes, SM Energy is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of SM Energy? | SM Energy's last 12 months EBITDA is $3B. |
| What is SM Energy's EBITDA margin? | SM Energy's last 12 months EBITDA margin is 69%. |
| What is the current EV/EBITDA multiple of SM Energy? | Current EBITDA multiple of SM Energy is 3.1x. |
| What is the current FCF of SM Energy? | SM Energy's last 12 months FCF is $722M. |
| What is SM Energy's FCF margin? | SM Energy's last 12 months FCF margin is 17%. |
| What is the current EV/FCF multiple of SM Energy? | Current FCF multiple of SM Energy is 12.6x. |
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