SM Energy Co (SM) — 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). Check SM Energy Co (SM) strategic investment index to assess the company's strategic physical and investment asset allocation.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
SM Energy Co Financial Flexibility Index (1990–2025)
Historical Financial Flexibility Index trend for SM Energy Co across 36 annual periods. See SM working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for SM Energy Co (1990–2025)
Year-by-year free cash flow to debt coverage for SM Energy Co. For the full company profile including market capitalisation, see market cap 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 | — |