SM Energy Co (LTS:0KZA) EBIT: $430 Mil (TTM As of Mar. 2026)

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LTS:0KZA SM Energy Co LTS:0KZA
68 GF Score
Price $31.10
GF Value $51.24
Valuation Possible Value Trap
! 10 Warning Signs
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What is SM Energy Co EBIT?

SM Energy Co LTS:0KZA +5.18% 68 EBIT is $430 Mil as of Mar. 2026. GuruFocus rates LTS:0KZA with a GF Score™ of 68/100 and a GF Value™ of $51.24 (Possible Value Trap). The stock has 10 warning signs investors should review.

SM Energy Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $-297 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $430 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SM Energy Co's annualized ROC % for the quarter that ended in Mar. 2026 was 9.15%. SM Energy Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -9.64%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SM Energy Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 2.84%.


SM Energy Co  (LTS:0KZA) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

SM Energy Co's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=1596 * ( 1 - 18.29% )/( (8970 + 19532)/ 2 )
=1304.0916/14251
=9.15 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

SM Energy Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1188/( ( (8202 + max(-638, 0)) + (16435 + max(-1823, 0)) )/ 2 )
=-1188/( ( 8202 + 16435 )/ 2 )
=-1188/12318.5
=-9.64 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 112) - (641 + 0 + 109)
=-638

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(915 + 0 + 307) - (2221 + 0 + 824)
=-1823

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

SM Energy Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=429.626/15131.829
=2.84 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


SM Energy Co EBIT Related Terms


SM Energy Co EBIT Historical Data

* Premium members only.

The historical data trend for SM Energy Co's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

SM Energy Co EBIT Chart

SM Energy Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 206.52 1,516.12 1,006.00 1,107.00 1,003.00

SM Energy Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 276.00 295.06 247.23 184.33 -297.00

LTS:0KZA vs CHRD, RRC, MTDR: EBIT Comparison

For the Oil & Gas E&P subindustry, SM Energy Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


SM Energy Co EV-to-EBIT vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, SM Energy Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where SM Energy Co's EV-to-EBIT falls into.


LTS:0KZA
68GF Score
SM Energy Co LTS:0KZA
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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SM Energy Co EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $430 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $430 Mil mean?
SM Energy Co (LTS:0KZA) has a EBIT of $430 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on SM Energy Co.
Is SM Energy Co's EBIT too high?
SM Energy Co's current EBIT is $430 Mil. Overall, SM Energy Co has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does SM Energy Co's EBIT compare to CHRD and RRC?
SM Energy Co's EBIT of $430 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Oil & Gas company?
A good EBIT depends on the Oil & Gas industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on SM Energy Co. SM Energy Co's current EBIT is $430 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SM Energy Co stock overvalued right now?
Based on GuruFocus' analysis, SM Energy Co (LTS:0KZA) is currently considered Possible Value Trap. The stock's GF Value™ is $51.24, compared to a current price of $31.10 — trading 39.3% below its estimated fair value. The current EBIT is $430 Mil. SM Energy Co's overall GF Score™ is 68/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For SM Energy Co (LTS:0KZA), the current EBIT is $430 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is SM Energy Co (LTS:0KZA) Overvalued in 2026?

Based on GuruFocus' analysis, SM Energy Co stock appears to be undervalued. The current stock price of $31.10 is trading 39.3% below its estimated GF Value™ of $51.24. GuruFocus considers SM Energy Co to be Possible Value Trap.

Key valuation signals for LTS:0KZA:

  • EBIT: $430 Mil
  • GF Value™: $51.24 vs. price of $31.10 (39.3% below fair value)
  • GF Score™: 68/100 with 10 warning signs

No single metric tells the full story. See the LTS:0KZA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SM Energy Co Business Description

Industry EnergyOil & Gas
Other Exchanges SM:USASJL:Germany
Address 1700 Lincoln Street, Suite 3200, Denver, CO, USA, 80203
SM Energy Co is an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas, and NGLs in Texas and Utah. The Company operates in the oil and gas extraction industry, focused on exploration and production activities, onshore in the United States. Its portfolio is comprised of assets in the Midland Basin of West Texas, the Maverick Basin of South Texas, and the Uinta Basin of northeastern Utah.
68GF Score

Get the complete analysis for LTS:0KZA

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$31.10
Price
$51.24
GF Value