SM ENERGY CO (SM) Return on equity 2016–2025
SM ENERGY CO (SM) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
13.5%FY2025 · since FY2016: -30.3% → 13.5%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 13.5% | -4.7 pp |
| FY2024 | 18.2% | -4.4 pp |
| FY2023 | 22.6% | -13.4 pp |
| FY2022 | 36.0% | +34.3 pp |
| FY2021 | 1.8% | +39.7 pp |
| FY2020 | -37.9% | -31.1 pp |
| FY2019 | -6.8% | -24.2 pp |
| FY2018 | 17.4% | +24.1 pp |
| FY2017 | -6.7% | +23.6 pp |
| FY2016 | -30.3% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice