SM Energy Co (SM) — Cash Flow Reinvestment Rate
Latest as of March 2026:
0.87x
SM Energy Co (SM) has a Cash Flow Reinvestment Rate of 0.87x as of March 2026, reinvesting $555.00 Million (capex $555.00 Million ) from operating cash flow of $640.00 Million. Check how high is SM Energy Co's earnings quality to evaluate the quality of earnings relative to operating cash generation.
Reinvestment Rate
0.87x
(Capex + Investments) / Operating CF
Total Reinvested
$555.00 Million
Capex + Investments
Operating Cash Flow
$640.00 Million
USD
Capital Expenditures
$555.00 Million
USD
SM Energy Co Cash Flow Reinvestment Rate (1990–2025)
Historical reinvestment intensity for SM Energy Co across 36 annual periods. Explore SM long-term investment intensity to see how much of total assets are deployed in long-term investments.
Annual Cash Flow Reinvestment Rate for SM Energy Co (1990–2025)
Year-by-year capital reinvestment analysis for SM Energy Co. For live market cap and broader valuation context, see SM market cap overview.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.72x | $1.44 Billion | $2.01 Billion | $1.44 Billion | ▼ -81.3% |
| 2024 | 3.83x | $6.82 Billion | $1.78 Billion | $3.41 Billion | ▲ +166.3% |
| 2023 | 1.44x | $2.26 Billion | $1.57 Billion | $1.10 Billion | ▲ +37.7% |
| 2022 | 1.04x | $1.76 Billion | $1.69 Billion | $879.93 Million | ▼ -10.0% |
| 2021 | 1.16x | $1.35 Billion | $1.16 Billion | $678.16 Million | ▼ -17.4% |
| 2020 | 1.40x | $1.11 Billion | $790.94 Million | $555.66 Million | ▼ -43.3% |
| 2019 | 2.48x | $2.04 Billion | $823.57 Million | $1.03 Billion | ▼ -7.3% |
| 2018 | 2.67x | $1.92 Billion | $720.63 Million | $1.34 Billion | ▲ +16.7% |
| 2017 | 2.29x | $1.18 Billion | $515.39 Million | $978.25 Million | ▼ -73.0% |
| 2016 | 8.47x | $4.68 Billion | $552.80 Million | $2.81 Billion | ▲ +452.1% |
| 2015 | 1.53x | $1.50 Billion | $978.35 Million | $1.50 Billion | ▼ -11.3% |
| 2014 | 1.73x | $2.52 Billion | $1.46 Billion | $2.52 Billion | ▲ +43.3% |
| 2013 | 1.21x | $1.62 Billion | $1.34 Billion | $1.62 Billion | ▼ -26.5% |
| 2012 | 1.64x | $1.51 Billion | $921.97 Million | $1.51 Billion | ▼ -23.5% |
| 2011 | 2.15x | $1.63 Billion | $760.53 Million | $1.63 Billion | ▲ +59.6% |
| 2010 | 1.35x | $668.95 Million | $497.10 Million | $668.95 Million | ▲ +54.7% |
| 2009 | 0.87x | $379.33 Million | $436.11 Million | $379.33 Million | ▼ -28.7% |
| 2008 | 1.22x | $827.44 Million | $678.22 Million | $827.44 Million | ▼ -6.2% |
| 2007 | 1.30x | $820.63 Million | $630.79 Million | $820.63 Million | ▼ -16.2% |
| 2006 | 1.55x | $725.70 Million | $467.70 Million | $725.70 Million | ▲ +134.5% |
| 2005 | 0.66x | $270.88 Million | $409.38 Million | $270.88 Million | ▼ -41.5% |
| 2004 | 1.13x | $268.19 Million | $237.16 Million | $268.19 Million | ▲ +15.4% |
| 2003 | 0.98x | $200.24 Million | $204.32 Million | $200.24 Million | ▼ -24.8% |
| 2002 | 1.30x | $184.72 Million | $141.71 Million | $184.72 Million | ▼ -2.7% |
| 2001 | 1.34x | $170.80 Million | $127.49 Million | $170.80 Million | ▲ +89.5% |
| 2000 | 0.71x | $65.24 Million | $92.27 Million | $65.24 Million | ▼ -28.4% |
| 1999 | 0.99x | $40.30 Million | $40.80 Million | $40.30 Million | ▼ -23.5% |
| 1998 | 1.29x | $58.60 Million | $45.40 Million | $58.60 Million | ▼ -31.7% |
| 1997 | 1.89x | $81.50 Million | $43.10 Million | $81.50 Million | ▲ +66.4% |
| 1996 | 1.14x | $27.50 Million | $24.20 Million | $27.50 Million | ▼ -11.4% |
| 1995 | 1.28x | $22.70 Million | $17.70 Million | $22.70 Million | ▲ +53.1% |
| 1994 | 0.84x | $17.00 Million | $20.30 Million | $17.00 Million | ▲ +22.2% |
| 1993 | 0.69x | $13.50 Million | $19.70 Million | $13.50 Million | ▲ +7.0% |
| 1992 | 0.64x | $17.30 Million | $27.00 Million | $17.30 Million | ▼ -51.0% |
| 1991 | 1.31x | $15.30 Million | $11.70 Million | $15.30 Million | ▲ +150.0% |
| 1990 | 0.52x | $7.90 Million | $15.10 Million | $7.90 Million | — |
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow