SM Energy Co Financial Flexibility Index
SM Energy Co financial flexibility index. SM Energy Co (SM) has a Financial Flexibility Index of 0.10x as of March 2026. Free cash flow of $1.20 Billion (operating CF $640.00 Million minus capex $555.00 Million) represents 0% of total liabilities ($12.28 Billion). Explore reinvestment intensity of SM Energy Co to see what proportion of operating cash flow is directed to capital expenditures.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Financial Flexibility Index of SM Energy Co (1990–2025)
Financial flexibility index of SM Energy Co from 1990 to 2025. Historical Financial Flexibility Index trend for SM Energy Co across 36 annual periods. Check SM total capital reinvestment ratio to assess the company's total reinvestment commitment from operating cash flow.
SM Energy Co Financial Flexibility Index by Year (1990–2025)
SM Energy Co financial flexibility index by year from 1990 to 2025. Year-by-year free cash flow to debt coverage for SM Energy Co. For the full cash flow conversion analysis, see cash flow conversion of SM Energy Co.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.78x | $3.45 Billion | $2.01 Billion | $4.44 Billion | ▼ -35.2% |
| 2024 | 1.20x | $5.20 Billion | $1.78 Billion | $4.34 Billion | ▲ +23.8% |
| 2023 | 0.97x | $2.67 Billion | $1.57 Billion | $2.76 Billion | ▼ -0.8% |
| 2022 | 0.98x | $2.57 Billion | $1.69 Billion | $2.63 Billion | ▲ +68.3% |
| 2021 | 0.58x | $1.84 Billion | $1.16 Billion | $3.17 Billion | ▲ +27.4% |
| 2020 | 0.45x | $1.35 Billion | $790.94 Million | $2.96 Billion | ▼ -12.9% |
| 2019 | 0.52x | $1.85 Billion | $823.57 Million | $3.54 Billion | ▼ -12.9% |
| 2018 | 0.60x | $2.06 Billion | $720.63 Million | $3.43 Billion | ▲ +51.8% |
| 2017 | 0.39x | $1.49 Billion | $515.39 Million | $3.78 Billion | ▼ -54.3% |
| 2016 | 0.86x | $3.37 Billion | $552.80 Million | $3.90 Billion | ▲ +31.3% |
| 2015 | 0.66x | $2.48 Billion | $978.35 Million | $3.77 Billion | ▼ -30.0% |
| 2014 | 0.94x | $3.98 Billion | $1.46 Billion | $4.23 Billion | ▼ -1.4% |
| 2013 | 0.95x | $2.95 Billion | $1.34 Billion | $3.10 Billion | ▲ +9.0% |
| 2012 | 0.87x | $2.44 Billion | $921.97 Million | $2.79 Billion | ▼ -14.7% |
| 2011 | 1.02x | $2.39 Billion | $760.53 Million | $2.34 Billion | ▲ +34.1% |
| 2010 | 0.76x | $1.17 Billion | $497.10 Million | $1.53 Billion | ▲ +30.0% |
| 2009 | 0.59x | $815.43 Million | $436.11 Million | $1.39 Billion | ▼ -38.8% |
| 2008 | 0.96x | $1.51 Billion | $678.22 Million | $1.57 Billion | ▲ +13.1% |
| 2007 | 0.85x | $1.45 Billion | $630.79 Million | $1.71 Billion | ▼ -17.7% |
| 2006 | 1.03x | $1.19 Billion | $467.70 Million | $1.16 Billion | ▲ +6.2% |
| 2005 | 0.97x | $680.26 Million | $409.38 Million | $699.43 Million | ▼ -11.3% |
| 2004 | 1.10x | $505.35 Million | $237.16 Million | $461.00 Million | ▼ -6.5% |
| 2003 | 1.17x | $404.56 Million | $204.32 Million | $345.20 Million | ▼ -14.9% |
| 2002 | 1.38x | $326.43 Million | $141.71 Million | $236.98 Million | ▼ -30.7% |
| 2001 | 1.99x | $298.30 Million | $127.49 Million | $150.16 Million | ▼ -10.3% |
| 2000 | 2.21x | $157.51 Million | $92.27 Million | $71.15 Million | ▲ +12.7% |
| 1999 | 1.96x | $81.10 Million | $40.80 Million | $41.30 Million | ▼ -6.0% |
| 1998 | 2.09x | $104.00 Million | $45.40 Million | $49.80 Million | ▲ +5.8% |
| 1997 | 1.97x | $124.60 Million | $43.10 Million | $63.10 Million | ▲ +163.9% |
| 1996 | 0.75x | $51.70 Million | $24.20 Million | $69.10 Million | ▼ -44.8% |
| 1995 | 1.36x | $40.40 Million | $17.70 Million | $29.80 Million | ▼ -15.0% |
| 1994 | 1.59x | $37.30 Million | $20.30 Million | $23.40 Million | ▼ -12.6% |
| 1993 | 1.82x | $33.20 Million | $19.70 Million | $18.20 Million | ▼ -40.3% |
| 1992 | 3.06x | $44.30 Million | $27.00 Million | $14.50 Million | ▲ +156.9% |
| 1991 | 1.19x | $27.00 Million | $11.70 Million | $22.70 Million | ▼ -33.8% |
| 1990 | 1.80x | $23.00 Million | $15.10 Million | $12.80 Million | — |