SM Energy Co (SM)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 770,293 | 817,880 | 1,111,950 | 36,229 | -764,614 |
| Revenue | US$ in thousands | 2,671,280 | 2,373,890 | 3,345,910 | 2,597,920 | 1,126,580 |
| Net profit margin | 28.84% | 34.45% | 33.23% | 1.39% | -67.87% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $770,293K ÷ $2,671,280K
= 28.84%
The net profit margin of SM Energy Co has shown a significant improvement over the years based on the provided data. It was notably negative at -67.87% as of December 31, 2020, indicating that the company experienced a net loss in that period. However, this trend reversed in subsequent years, with the net profit margin increasing to 1.39% as of December 31, 2021, and further expanding to 33.23% as of December 31, 2022.
The company's profitability continued to strengthen with a net profit margin of 34.45% as of December 31, 2023, indicating an efficient management of expenses relative to revenue. Although there was a slight decrease to 28.84% as of December 31, 2024, the overall trend showcases a positive trajectory in the company's ability to generate profit from its operations. This improvement in net profit margin reflects positively on the company's financial performance and indicates a potential enhancement in its overall profitability and operational efficiency.
Peer comparison
Dec 31, 2024