SM Energy Co (SM) — Financial Flexibility Index
SM Energy Co (SM) has a Financial Flexibility Index of 0.21x as of September 2025. Free cash flow of $909.24 Million (operating CF $504.96 Million minus capex $404.28 Million) represents 0% of total liabilities ($4.38 Billion). Also explore SM Energy Co (SM) equity growth momentum to track the company's year-over-year net asset growth rate.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
SM Energy Co Financial Flexibility Index (1990–2024)
Historical Financial Flexibility Index trend for SM Energy Co across 35 annual periods. Check SM PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Annual Financial Flexibility Index for SM Energy Co (1990–2024)
Year-by-year free cash flow to debt coverage for SM Energy Co. For the full company profile including market capitalisation, see SM Energy Co market cap and net worth.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 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 | — |