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SM Energy Co's gross profit for the
three
months ended in Jun. 2026 was $1,008 Mil. SM Energy Co's gross profit for the trailing twelve months (TTM) ended in Jun. 2026 was $2,058 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. SM Energy Co's gross profit for the
three
months ended in Jun. 2026 was $1,008 Mil. SM Energy Co's Revenue for the
three
months ended in Jun. 2026 was $2,156 Mil. Therefore, SM Energy Co's Gross Margin % for the quarter that ended in Jun. 2026 was 46.75%.
SM Energy Co had a gross margin of 46.75% for the quarter that ended in Jun. 2026 => Durable competitive advantage
During the past 13 years, the highestGross Margin % of SM Energy Co was 63.40%. The lowest was -17.62%. And the median was 31.53%.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
SM Energy Co had a gross margin of 46.75% for the quarter that ended in Jun. 2026 => Durable competitive advantage
SM Energy Co Gross Profit Related Terms
SM Energy Co Gross Profit Historical Data
* Premium members only.
The historical data trend for SM Energy Co's Gross Profit 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.
For the Oil & Gas E&P subindustry, SM Energy Co's Gross Profit, along with its competitors' market caps and Gross Profit 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 Gross Profit vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, SM Energy Co's Gross Profit distribution charts can be found below:
* The bar in red indicates where SM Energy Co's Gross Profit falls into.
Gross Profit for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,058 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
SM Energy Co (SM) has a Gross Profit of $2,058 Mil as of Jun. 2026. Gross Profit equals net sales less total cost of goods sold. View historical data on SM Energy Co and its competitors.
Is SM Energy Co's Gross Profit too high?
SM Energy Co's current Gross Profit is $2,058 Mil. Overall, SM Energy Co has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SM Energy Co's Gross Profit compare to CHRD and RRC?
SM Energy Co's Gross Profit of $2,058 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 Gross Profit for an Oil & Gas company?
A good Gross Profit depends on the Oil & Gas industry context. However, Gross Profit 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 Gross Profit mean?
A high Gross Profit can signal that a stock is expensive relative to its fundamentals. Gross Profit equals net sales less total cost of goods sold. View historical data on SM Energy Co and its competitors. SM Energy Co's current Gross Profit is $2,058 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 (SM) is currently considered Modestly Undervalued. The stock's GF Value™ is $49.85, compared to a current price of $37.64 — trading 24.5% below its estimated fair value. The current Gross Profit is $2,058 Mil. SM Energy Co's overall GF Score™ is 67/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Profit calculated?
Gross Profit is calculated from a company's financial statements. For SM Energy Co (SM), the current Gross Profit is $2,058 Mil as of Jun. 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 (SM) Overvalued in 2026?
Based on GuruFocus' analysis, SM Energy Co stock appears to be undervalued.
The current stock price of $37.64 is trading 24.5% below its estimated GF Value™ of $49.85.
GuruFocus considers SM Energy Co to be Modestly Undervalued.
Key valuation signals for SM:
Gross Profit: $2,058 Mil
GF Value™: $49.85 vs. price of $37.64 (24.5% below fair value)
No single metric tells the full story. See the SM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
67GF Score
Get the complete analysis for SM
Gross Profit is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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