SM Energy Co (SM) — Capital Reinvestment Ratio
Latest as of March 2026:
0.87x
SM Energy Co (SM) has a Capital Reinvestment Ratio of 0.87x as of March 2026, meaning it reinvests 1% of its operating cash flow ($640.00 Million) in capital expenditures ($555.00 Million). See how much free cash does SM Energy Co generate to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.87x
Capex / Operating Cash Flow
Operating Cash Flow
$640.00 Million
USD
Capital Expenditures
$555.00 Million
USD
Data as of
Mar 2026
Most recent filing
SM Energy Co Capital Reinvestment Ratio (1990–2025)
This chart tracks SM Energy Co's Capital Reinvestment Ratio across 36 annual periods.
Annual Capital Reinvestment Ratio for SM Energy Co (1990–2025)
Year-by-year Capital Reinvestment Ratio for SM Energy Co from 1990 to 2025. For live market cap and broader valuation context, see how much is SM Energy Co worth.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.72x | $2.01 Billion | $1.44 Billion | ▼ -62.7% |
| 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 | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow