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). Explore capital reinvestment ratio of SM Energy Co to see what proportion of operating cash flow is directed to capital expenditures.
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. For the full cash flow conversion analysis, see SM cash flow metrics.
Annual Free Cash Flow Generation for SM Energy Co (1990–2025)
Year-by-year Free Cash Flow Generation Index for SM Energy Co. Check SM cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
| 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).