SM Energy Co (SM)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 966,223 | 914,202 | 1,395,770 | 46,167 | -956,705 |
| Revenue | US$ in thousands | 2,671,280 | 2,373,890 | 3,345,910 | 2,597,920 | 1,126,580 |
| Pretax margin | 36.17% | 38.51% | 41.72% | 1.78% | -84.92% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $966,223K ÷ $2,671,280K
= 36.17%
The pretax margin of SM Energy Co has displayed significant fluctuations over the past five years. Starting at a concerning negative level of -84.92% in December 2020, the company managed to turn its performance around and achieve a pretax margin of 1.78% by December 2021. Subsequently, there was a notable improvement seen in the following years, with the pretax margin increasing substantially to 41.72% in December 2022, then slightly decreasing to 38.51% by December 2023, and further to 36.17% by December 2024. Overall, these trends indicate a positive trajectory in the company's profitability before taxes, with significant recovery and growth over the analyzed period.
Peer comparison
Dec 31, 2024