SM Energy Co (SM) — Free Cash Flow Generation Index
Latest as of March 2026:
0.13x
SM Energy Co (SM) has a Free Cash Flow Generation Index of 0.13x as of March 2026. Free cash flow of $85.00 Million represents 0% of operating cash flow ($640.00 Million). Read SM Energy Co balance sheet liabilities for a breakdown of total debt and financial obligations.
FCF Generation Index
0.13x
Free Cash Flow / Operating CF
Free Cash Flow
$85.00 Million
USD
Operating Cash Flow
$640.00 Million
USD
Capital Expenditures
$555.00 Million
USD
SM Energy Co Free Cash Flow Generation Index (1990–2025)
Historical FCF Generation Index trend for SM Energy Co across 36 annual periods. Explore SM Energy Co capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for SM Energy Co (1990–2025)
Year-by-year Free Cash Flow Generation Index for SM Energy Co. For the full company profile including market capitalisation, see market cap of SM Energy Co.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.28x | $573.00 Million | $2.01 Billion | $1.44 Billion | ▲ +131.1% |
| 2024 | -0.92x | $-1.63 Billion | $1.78 Billion | $3.41 Billion | ▼ -403.4% |
| 2023 | 0.30x | $475.05 Million | $1.57 Billion | $1.10 Billion | ▼ -36.9% |
| 2022 | 0.48x | $806.47 Million | $1.69 Billion | $879.93 Million | ▲ +15.2% |
| 2021 | 0.42x | $481.61 Million | $1.16 Billion | $678.16 Million | ▲ +39.6% |
| 2020 | 0.30x | $235.29 Million | $790.94 Million | $555.66 Million | ▲ +220.8% |
| 2019 | -0.25x | $-202.78 Million | $823.57 Million | $1.03 Billion | ▲ +71.2% |
| 2018 | -0.85x | $-615.81 Million | $720.63 Million | $1.34 Billion | ▲ +4.8% |
| 2017 | -0.90x | $-462.86 Million | $515.39 Million | $978.25 Million | ▲ +78.0% |
| 2016 | -4.09x | $-2.26 Billion | $552.80 Million | $2.81 Billion | ▼ -664.7% |
| 2015 | -0.53x | $-523.24 Million | $978.35 Million | $1.50 Billion | ▲ +26.7% |
| 2014 | -0.73x | $-1.06 Billion | $1.46 Billion | $2.52 Billion | ▼ -253.1% |
| 2013 | -0.21x | $-276.62 Million | $1.34 Billion | $1.62 Billion | ▲ +67.8% |
| 2012 | -0.64x | $-591.63 Million | $921.97 Million | $1.51 Billion | ▲ +44.1% |
| 2011 | -1.15x | $-872.56 Million | $760.53 Million | $1.63 Billion | ▼ -231.9% |
| 2010 | -0.35x | $-171.85 Million | $497.10 Million | $668.95 Million | ▼ -365.5% |
| 2009 | 0.13x | $56.78 Million | $436.11 Million | $379.33 Million | ▲ +159.2% |
| 2008 | -0.22x | $-149.22 Million | $678.22 Million | $827.44 Million | ▲ +26.9% |
| 2007 | -0.30x | $-189.84 Million | $630.79 Million | $820.63 Million | ▲ +45.4% |
| 2006 | -0.55x | $-258.00 Million | $467.70 Million | $725.70 Million | ▼ -263.1% |
| 2005 | 0.34x | $138.50 Million | $409.38 Million | $270.88 Million | ▲ +358.6% |
| 2004 | -0.13x | $-31.03 Million | $237.16 Million | $268.19 Million | ▼ -754.7% |
| 2003 | 0.02x | $4.08 Million | $204.32 Million | $200.24 Million | ▲ +106.6% |
| 2002 | -0.30x | $-43.01 Million | $141.71 Million | $184.72 Million | ▲ +10.7% |
| 2001 | -0.34x | $-43.31 Million | $127.49 Million | $170.80 Million | ▼ -216.0% |
| 2000 | 0.29x | $27.03 Million | $92.27 Million | $65.24 Million | ▲ +2290.2% |
| 1999 | 0.01x | $500.00K | $40.80 Million | $40.30 Million | ▲ +104.2% |
| 1998 | -0.29x | $-13.20 Million | $45.40 Million | $58.60 Million | ▲ +67.4% |
| 1997 | -0.89x | $-38.40 Million | $43.10 Million | $81.50 Million | ▼ -553.4% |
| 1996 | -0.14x | $-3.30 Million | $24.20 Million | $27.50 Million | ▲ +51.7% |
| 1995 | -0.28x | $-5.00 Million | $17.70 Million | $22.70 Million | ▼ -273.8% |
| 1994 | 0.16x | $3.30 Million | $20.30 Million | $17.00 Million | ▼ -48.3% |
| 1993 | 0.31x | $6.20 Million | $19.70 Million | $13.50 Million | ▼ -12.4% |
| 1992 | 0.36x | $9.70 Million | $27.00 Million | $17.30 Million | ▲ +216.8% |
| 1991 | -0.31x | $-3.60 Million | $11.70 Million | $15.30 Million | ▼ -164.5% |
| 1990 | 0.48x | $7.20 Million | $15.10 Million | $7.90 Million | — |
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).