SM Energy Co (SM)

Net profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	817,880	829,232	1,088,129	1,261,740	1,111,952	1,278,389	882,742	336,262	36,229	-553,846	-737,731	-603,988	-764,614	-701,494	-560,968	-421,328	-187,001	224,786	46,629	13,438
Revenue (ttm)	US$ in thousands	2,373,886	2,436,478	2,631,028	3,072,376	3,358,647	3,542,289	3,467,077	3,038,824	2,622,894	2,088,226	1,609,002	1,214,785	1,126,673	1,258,067	1,367,369	1,604,909	1,590,105	1,532,611	1,601,663	1,638,407
Net profit margin		34.45%	34.03%	41.36%	41.07%	33.11%	36.09%	25.46%	11.07%	1.38%	-26.52%	-45.85%	-49.72%	-67.86%	-55.76%	-41.03%	-26.25%	-11.76%	14.67%	2.91%	0.82%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $817,880K ÷ $2,373,886K
= 34.45%

The net profit margin of SM Energy Co has shown fluctuations over the past eight quarters, ranging from a low of 11.07% in Q1 2022 to a high of 41.36% in Q2 2023. The company's profitability peaked in Q2 and Q3 of 2023, indicating strong performance during that period. However, there was a notable decline in Q1 2022 compared to the previous quarters. Overall, the trend suggests that SM Energy Co has been able to maintain relatively healthy levels of profitability, with some fluctuations in performance.