SM Energy Co (SM) — Cash Flow Quality Index
Latest as of December 2025:
4.15x
SM Energy Co (SM) has a Cash Flow Quality Index of 4.15x as of December 2025. Operating cash flow of $451.91 Million exceeds net income of $108.98 Million, indicating high earnings quality where cash backs reported profits. Explore SM operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
4.15x
Operating CF / Net Income
Operating Cash Flow
$451.91 Million
USD
Net Income
$108.98 Million
USD
Data as of
Dec 2025
Most recent filing
SM Energy Co Cash Flow Quality Index (1990–2025)
Historical Cash Flow Quality Index for SM Energy Co across 28 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see cash efficiency ratio of SM Energy Co.
Annual Cash Flow Quality Index for SM Energy Co (1990–2025)
Year-by-year earnings quality comparison for SM Energy Co.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 3.10x | $2.01 Billion | $648.00 Million | ▲ +34.1% |
| 2024 | 2.31x | $1.78 Billion | $770.29 Million | ▲ +20.2% |
| 2023 | 1.92x | $1.57 Billion | $817.88 Million | ▲ +26.9% |
| 2022 | 1.52x | $1.69 Billion | $1.11 Billion | ▼ -95.3% |
| 2021 | 32.01x | $1.16 Billion | $36.23 Million | ▲ +2158.5% |
| 2018 | 1.42x | $720.63 Million | $508.41 Million | ▼ -35.2% |
| 2014 | 2.19x | $1.46 Billion | $666.05 Million | ▼ -72.1% |
| 2013 | 7.83x | $1.34 Billion | $170.94 Million | ▲ +121.8% |
| 2011 | 3.53x | $760.53 Million | $215.42 Million | ▲ +39.8% |
| 2010 | 2.53x | $497.10 Million | $196.84 Million | ▼ -65.9% |
| 2008 | 7.41x | $678.22 Million | $91.55 Million | ▲ +122.8% |
| 2007 | 3.32x | $630.79 Million | $189.71 Million | ▲ +35.1% |
| 2006 | 2.46x | $467.70 Million | $190.01 Million | ▼ -8.6% |
| 2005 | 2.69x | $409.38 Million | $151.94 Million | ▲ +5.1% |
| 2004 | 2.56x | $237.16 Million | $92.48 Million | ▲ +20.0% |
| 2003 | 2.14x | $204.32 Million | $95.58 Million | ▼ -58.4% |
| 2002 | 5.14x | $141.71 Million | $27.56 Million | ▲ +63.2% |
| 2001 | 3.15x | $127.49 Million | $40.46 Million | ▲ +90.0% |
| 2000 | 1.66x | $92.27 Million | $55.62 Million | ▼ -99.6% |
| 1999 | 408.00x | $40.80 Million | $100.00K | ▲ +21767.3% |
| 1997 | 1.87x | $43.10 Million | $23.10 Million | ▼ -19.8% |
| 1996 | 2.33x | $24.20 Million | $10.40 Million | ▼ -77.7% |
| 1995 | 10.41x | $17.70 Million | $1.70 Million | ▲ +89.8% |
| 1994 | 5.49x | $20.30 Million | $3.70 Million | ▼ -5.3% |
| 1993 | 5.79x | $19.70 Million | $3.40 Million | ▲ +234.8% |
| 1992 | 1.73x | $27.00 Million | $15.60 Million | ▼ -52.7% |
| 1991 | 3.66x | $11.70 Million | $3.20 Million | ▼ -17.7% |
| 1990 | 4.44x | $15.10 Million | $3.40 Million | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.