SM Energy Co (SM) — Capital Reinvestment Ratio
SM Energy Co (SM) has a Capital Reinvestment Ratio of 0.80x as of September 2025, meaning it reinvests 1% of its operating cash flow ($504.96 Million) in capital expenditures ($404.28 Million). See SM Energy Co net asset quality index to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
SM Energy Co Capital Reinvestment Ratio (1990–2024)
This chart tracks SM Energy Co's Capital Reinvestment Ratio across 35 annual periods. Check SM cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for SM Energy Co (1990–2024)
Year-by-year Capital Reinvestment Ratio for SM Energy Co from 1990 to 2024. For live market cap and broader valuation context, see SM company net worth.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2024 | 1.92x | $1.78 Billion | $3.41 Billion | ▲ +174.3% |
| 2023 | 0.70x | $1.57 Billion | $1.10 Billion | ▲ +33.8% |
| 2022 | 0.52x | $1.69 Billion | $879.93 Million | ▼ -10.8% |
| 2021 | 0.58x | $1.16 Billion | $678.16 Million | ▼ -16.8% |
| 2020 | 0.70x | $790.94 Million | $555.66 Million | ▼ -43.6% |
| 2019 | 1.25x | $823.57 Million | $1.03 Billion | ▼ -32.8% |
| 2018 | 1.85x | $720.63 Million | $1.34 Billion | ▼ -2.3% |
| 2017 | 1.90x | $515.39 Million | $978.25 Million | ▼ -62.7% |
| 2016 | 5.09x | $552.80 Million | $2.81 Billion | ▲ +231.6% |
| 2015 | 1.53x | $978.35 Million | $1.50 Billion | ▼ -11.3% |
| 2014 | 1.73x | $1.46 Billion | $2.52 Billion | ▲ +43.3% |
| 2013 | 1.21x | $1.34 Billion | $1.62 Billion | ▼ -26.5% |
| 2012 | 1.64x | $921.97 Million | $1.51 Billion | ▼ -23.5% |
| 2011 | 2.15x | $760.53 Million | $1.63 Billion | ▲ +59.6% |
| 2010 | 1.35x | $497.10 Million | $668.95 Million | ▲ +54.7% |
| 2009 | 0.87x | $436.11 Million | $379.33 Million | ▼ -28.7% |
| 2008 | 1.22x | $678.22 Million | $827.44 Million | ▼ -6.2% |
| 2007 | 1.30x | $630.79 Million | $820.63 Million | ▼ -16.2% |
| 2006 | 1.55x | $467.70 Million | $725.70 Million | ▲ +134.5% |
| 2005 | 0.66x | $409.38 Million | $270.88 Million | ▼ -41.5% |
| 2004 | 1.13x | $237.16 Million | $268.19 Million | ▲ +15.4% |
| 2003 | 0.98x | $204.32 Million | $200.24 Million | ▼ -24.8% |
| 2002 | 1.30x | $141.71 Million | $184.72 Million | ▼ -2.7% |
| 2001 | 1.34x | $127.49 Million | $170.80 Million | ▲ +89.5% |
| 2000 | 0.71x | $92.27 Million | $65.24 Million | ▼ -28.4% |
| 1999 | 0.99x | $40.80 Million | $40.30 Million | ▼ -23.5% |
| 1998 | 1.29x | $45.40 Million | $58.60 Million | ▼ -31.7% |
| 1997 | 1.89x | $43.10 Million | $81.50 Million | ▲ +66.4% |
| 1996 | 1.14x | $24.20 Million | $27.50 Million | ▼ -11.4% |
| 1995 | 1.28x | $17.70 Million | $22.70 Million | ▲ +53.1% |
| 1994 | 0.84x | $20.30 Million | $17.00 Million | ▲ +22.2% |
| 1993 | 0.69x | $19.70 Million | $13.50 Million | ▲ +7.0% |
| 1992 | 0.64x | $27.00 Million | $17.30 Million | ▼ -51.0% |
| 1991 | 1.31x | $11.70 Million | $15.30 Million | ▲ +150.0% |
| 1990 | 0.52x | $15.10 Million | $7.90 Million | — |