SM Energy Co
SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas. It has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St. Mary Land & Exploration Company and changed its name to SM Energy Company in May 2010. S… Read more
SM Energy Co (SM) - Net Assets
Latest net assets as of September 2025: $4.71 Billion USD
Based on the latest financial reports, SM Energy Co (SM) has net assets worth $4.71 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($9.09 Billion) and total liabilities ($4.38 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.71 Billion |
| % of Total Assets | 51.85% |
| Annual Growth Rate | 15.97% |
| 5-Year Change | 110.16% |
| 10-Year Change | 128.74% |
| Growth Volatility | 26.27 |
SM Energy Co - Net Assets Trend (1990–2024)
This chart illustrates how SM Energy Co's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SM Energy Co (1990–2024)
The table below shows the annual net assets of SM Energy Co from 1990 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $4.24 Billion | +17.19% |
| 2023-12-31 | $3.62 Billion | +17.19% |
| 2022-12-31 | $3.09 Billion | +49.55% |
| 2021-12-31 | $2.06 Billion | +2.33% |
| 2020-12-31 | $2.02 Billion | -26.66% |
| 2019-12-31 | $2.75 Billion | -5.87% |
| 2018-12-31 | $2.92 Billion | +21.95% |
| 2017-12-31 | $2.39 Billion | -4.11% |
| 2016-12-31 | $2.50 Billion | +34.81% |
| 2015-12-31 | $1.85 Billion | -18.99% |
| 2014-12-31 | $2.29 Billion | +42.31% |
| 2013-12-31 | $1.61 Billion | +13.60% |
| 2012-12-31 | $1.41 Billion | -3.31% |
| 2011-12-31 | $1.46 Billion | +20.06% |
| 2010-12-31 | $1.22 Billion | +25.16% |
| 2009-12-31 | $973.57 Million | -13.65% |
| 2008-12-31 | $1.13 Billion | +30.59% |
| 2007-12-31 | $863.35 Million | +16.14% |
| 2006-12-31 | $743.37 Million | +30.57% |
| 2005-12-31 | $569.32 Million | +17.52% |
| 2004-12-31 | $484.45 Million | +24.01% |
| 2003-12-31 | $390.65 Million | +30.15% |
| 2002-12-31 | $300.16 Million | +4.65% |
| 2001-12-31 | $286.83 Million | +14.39% |
| 2000-12-31 | $250.74 Million | +32.60% |
| 1999-12-31 | $189.10 Million | +40.39% |
| 1998-12-31 | $134.70 Million | -8.92% |
| 1997-12-31 | $147.90 Million | +96.68% |
| 1996-12-31 | $75.20 Million | +13.42% |
| 1995-12-31 | $66.30 Million | +0.45% |
| 1994-12-31 | $66.00 Million | +3.77% |
| 1993-12-31 | $63.60 Million | +3.58% |
| 1992-12-31 | $61.40 Million | +97.43% |
| 1991-12-31 | $31.10 Million | +13.09% |
| 1990-12-31 | $27.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SM Energy Co's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 9365.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.74 Billion | 64.56% |
| Common Stock | $1.15 Million | 0.03% |
| Other Comprehensive Income | $-1.16 Million | -0.03% |
| Other Components | $1.50 Billion | 35.44% |
| Total Equity | $4.24 Billion | 100.00% |
SM Energy Co Competitors by Market Cap
The table below lists competitors of SM Energy Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ADT Inc
NYSE:ADT
|
$3.04 Billion |
|
Chongqing Rural Commercial Bank Co. Ltd
OTCGREY:COGQF
|
$3.04 Billion |
|
Standex International Corporation
NYSE:SXI
|
$3.04 Billion |
|
Acciona S.A
PINK:ACXIF
|
$3.04 Billion |
|
HUAQIN TECHNOLOGY LTD A
SHG:603296
|
$3.03 Billion |
|
LandMark Optoelectronics
TWO:3081
|
$3.03 Billion |
|
Boyd Group Services Inc
PINK:BYDGF
|
$3.03 Billion |
|
Bosch Limited
NSE:BOSCHLTD
|
$3.03 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SM Energy Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,615,850,000 to 4,237,257,000, a change of 621,407,000 (17.2%).
- Net income of 770,293,000 contributed positively to equity growth.
- Dividend payments of 85,020,000 reduced retained earnings.
- Share repurchases of 86,056,000 reduced equity.
- New share issuances of 3,201,000 increased equity.
- Other comprehensive income increased equity by 1,446,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $770.29 Million | +18.18% |
| Dividends Paid | $85.02 Million | -2.01% |
| Share Repurchases | $86.06 Million | -2.03% |
| Share Issuances | $3.20 Million | +0.08% |
| Other Comprehensive Income | $1.45 Million | +0.03% |
| Other Changes | $17.54 Million | +0.41% |
| Total Change | $- | 17.19% |
Book Value vs Market Value Analysis
This analysis compares SM Energy Co's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.73x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 28.77x to 0.73x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1990-12-31 | $0.93 | $26.76 | x |
| 1991-12-31 | $1.12 | $26.76 | x |
| 1992-12-31 | $2.13 | $26.76 | x |
| 1993-12-31 | $1.89 | $26.76 | x |
| 1994-12-31 | $1.96 | $26.76 | x |
| 1995-12-31 | $1.95 | $26.76 | x |
| 1996-12-31 | $2.13 | $26.76 | x |
| 1997-12-31 | $3.46 | $26.76 | x |
| 1998-12-31 | $3.08 | $26.76 | x |
| 1999-12-31 | $4.23 | $26.76 | x |
| 2000-12-31 | $4.42 | $26.76 | x |
| 2001-12-31 | $5.01 | $26.76 | x |
| 2002-12-31 | $5.27 | $26.76 | x |
| 2003-12-31 | $5.50 | $26.76 | x |
| 2004-12-31 | $7.24 | $26.76 | x |
| 2005-12-31 | $8.51 | $26.76 | x |
| 2006-12-31 | $11.27 | $26.76 | x |
| 2007-12-31 | $13.31 | $26.76 | x |
| 2008-12-31 | $17.86 | $26.76 | x |
| 2009-12-31 | $15.59 | $26.76 | x |
| 2010-12-31 | $18.84 | $26.76 | x |
| 2011-12-31 | $21.65 | $26.76 | x |
| 2012-12-31 | $21.71 | $26.76 | x |
| 2013-12-31 | $23.63 | $26.76 | x |
| 2014-12-31 | $33.61 | $26.76 | x |
| 2015-12-31 | $27.35 | $26.76 | x |
| 2016-12-31 | $32.61 | $26.76 | x |
| 2017-12-31 | $21.49 | $26.76 | x |
| 2018-12-31 | $25.73 | $26.76 | x |
| 2019-12-31 | $24.43 | $26.76 | x |
| 2020-12-31 | $17.73 | $26.76 | x |
| 2021-12-31 | $16.68 | $26.76 | x |
| 2022-12-31 | $24.87 | $26.76 | x |
| 2023-12-31 | $30.32 | $26.76 | x |
| 2024-12-31 | $36.68 | $26.76 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SM Energy Co utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 18.18%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 28.84%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 2.02x
- Recent ROE (18.18%) is above the historical average (8.65%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1990 | 12.36% | 12.32% | 0.68x | 1.47x | $650.00K |
| 1991 | 10.29% | 11.51% | 0.52x | 1.73x | $90.00K |
| 1992 | 25.41% | 30.77% | 0.67x | 1.24x | $9.46 Million |
| 1993 | 5.82% | 9.59% | 0.47x | 1.29x | $-2.66 Million |
| 1994 | 5.61% | 8.26% | 0.50x | 1.35x | $-2.90 Million |
| 1995 | 2.56% | 4.39% | 0.40x | 1.45x | $-4.93 Million |
| 1996 | 13.83% | 17.45% | 0.41x | 1.92x | $2.88 Million |
| 1997 | 15.62% | 25.38% | 0.43x | 1.43x | $8.31 Million |
| 1998 | -6.53% | -11.06% | 0.43x | 1.37x | $-22.27 Million |
| 1999 | 0.04% | 0.11% | 0.33x | 1.22x | $-18.80 Million |
| 2000 | 22.24% | 28.43% | 0.61x | 1.29x | $30.61 Million |
| 2001 | 14.14% | 19.50% | 0.47x | 1.53x | $11.85 Million |
| 2002 | 9.20% | 14.04% | 0.37x | 1.79x | $-2.39 Million |
| 2003 | 24.47% | 24.28% | 0.54x | 1.88x | $56.51 Million |
| 2004 | 19.09% | 21.35% | 0.46x | 1.95x | $44.03 Million |
| 2005 | 26.69% | 20.54% | 0.58x | 2.23x | $95.00 Million |
| 2006 | 25.56% | 24.12% | 0.41x | 2.55x | $115.68 Million |
| 2007 | 21.97% | 19.16% | 0.38x | 2.98x | $103.38 Million |
| 2008 | 7.75% | 6.71% | 0.48x | 2.39x | $-25.40 Million |
| 2009 | -10.21% | -11.94% | 0.35x | 2.43x | $-196.73 Million |
| 2010 | 16.15% | 21.53% | 0.33x | 2.25x | $74.98 Million |
| 2011 | 14.72% | 15.35% | 0.37x | 2.60x | $69.12 Million |
| 2012 | -3.84% | -3.54% | 0.36x | 2.97x | $-195.70 Million |
| 2013 | 10.64% | 7.55% | 0.48x | 2.93x | $10.25 Million |
| 2014 | 29.13% | 26.41% | 0.39x | 2.85x | $437.39 Million |
| 2015 | -24.17% | -29.57% | 0.27x | 3.03x | $-632.95 Million |
| 2016 | -30.34% | -64.20% | 0.18x | 2.56x | $-1.01 Billion |
| 2017 | -6.72% | -12.76% | 0.20x | 2.58x | $-400.30 Million |
| 2018 | 17.41% | 31.00% | 0.26x | 2.18x | $216.37 Million |
| 2019 | -6.80% | -11.79% | 0.25x | 2.29x | $-461.90 Million |
| 2020 | -37.92% | -67.89% | 0.23x | 2.47x | $-966.23 Million |
| 2021 | 1.76% | 1.39% | 0.50x | 2.54x | $-170.08 Million |
| 2022 | 36.04% | 33.23% | 0.59x | 1.85x | $803.41 Million |
| 2023 | 22.62% | 34.60% | 0.37x | 1.76x | $456.30 Million |
| 2024 | 18.18% | 28.84% | 0.31x | 2.02x | $346.57 Million |
Industry Comparison
This section compares SM Energy Co's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $1,645,633,110
- Average return on equity (ROE) among peers: 4.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SM Energy Co (SM) | $4.71 Billion | 12.36% | 0.93x | $3.04 Billion |
| Advantage Energy Ltd. (AAVVF) | $1.09 Billion | 1.43% | 0.33x | $922.80 Million |
| ADX Energy Ltd (ADXRF) | $9.63 Million | -5.93% | 0.01x | $9.58 Million |
| ARC Resources Ltd. (AETUF) | $2.79 Billion | -19.61% | 0.78x | $10.30 Billion |
| Aminex PLC (AEXFF) | $20.47 Million | 6.02% | 0.33x | $77.17 Million |
| Aker BP ASA (AKRBF) | $12.43 Billion | 12.90% | 2.02x | $6.29 Billion |
| Arkanova Energy Corporation (AKVA) | $13.10 Million | -11.45% | 0.01x | $4.92K |
| Allied Resources Inc (ALOD) | $3.69 Million | 0.65% | 0.05x | $428.76K |
| Altex Industries Inc (ALTX) | $3.22 Million | -10.59% | 0.04x | $1.08 Million |
| Alvopetro Energy Ltd (ALVOF) | $88.21 Million | 32.34% | 0.25x | $117.02 Million |
| AMEN Properties Inc (AMEN) | $5.59 Million | 38.29% | 0.11x | $5.00 Million |