All three tenses have at least two readings, so the archetype blend applies as printed.
All nine metrics read as filed from the record.
What did they actually do?
Has it survived what it has been through?
2 warning events since 2017; the latest 2026-02-09.
From the record
SM Energy Company's filings since 2017 show 2 warning events of 2 kinds: a debt default or acceleration notice (8-K item 2.04, the latest 2018-06-19); an auditor change (8-K item 4.01, the latest 2026-02-09) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+11.2% a year over 10 filed years; profitable in 6 of 10.
From the record
SM Energy Company's 10 filed years say what it did: revenue went from $1.2 billion in fiscal 2016 to $3.2 billion in fiscal 2025, up 11.2% a year; it rose in 5 of 9 years; the deepest fall was 45% from fiscal 2018 to fiscal 2020; net income was positive in 6 of 10 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
Share count shrank 2.5% a year. 11% of cash flow returned. Insiders: 3 sales, 0 purchases.
From the record
Over the 3 fiscal years to 2025-12-31, SM Energy Company's diluted share count shrank about 2.5% a year, and dividends and buybacks returned about 11% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 3 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they doing right now?
Is it financially healthy right now?
ROE 13%: 13¢ of profit per shareholder dollar. Leverage 48%: owes 48¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, SM Energy Company earned about 13 cents of profit for every dollar of shareholders' money. Leverage: it owed about 48 cents per dollar of assets, and net share issuance: its share count shrank 0.9% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
top 31% of 76 in its family; net margin 20.5%.
From the record
SM Energy Company's standing among 76 graded names in its industry family: revenue of $3.2 billion in fiscal 2025 ranks in the top 29% by size; a net margin of 20.5% ranks in the top 19%; revenue growth of -2.1% a year over the last 3 filed years ranks in the top 44% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
bottom 14% of 51 in its family for leadership; chief executive since 2026.
From the record
SM Energy Company's leadership, from its insiders' filings and its current reports: the chief executive on the record is Mcdonald, Elizabeth Anne (President & CEO, as filed), filing under that title since 2026-07-02, 4 months (bottom 5% of its family); the 15 officers and directors filing in the last fifteen months have been on the record a median of 1.9 years (bottom 8%); 10 officer or director changes were reported on Form 8-K since 2023-11-13, against the 15 people in charge now (bottom 27%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
top 13% of 74 in its family for room to expand.
From the record
SM Energy Company's room to grow, from the newest filed statements (fiscal 2025): cash of $368 million against no long-term debt tagged leaves 4% of its assets as net cash, top 18% of its family; cash from operations less capital spending is 63.8% of revenue (top 9%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
top 32% of 72 in its family for growth drivers.
From the record
SM Energy Company's growth drivers, from the filed years to fiscal 2025: revenue grew -2.1% a year over the last three filed years against 11.2% over all 10, slowing (top 38% of its family); the newest year grew 17.3% (top 27%) (its annual reports). SM Energy Company reported 3 product lines in fiscal 2025: Crude Oil at $2.6 billion (82%), Natural Gas Reserves at $353 million (11%), Natural Gas Liquids Reserves at $224 million (7%); 2 of 3 grew against the year before (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
top 40% of 69 in its family for expectations against reality.
From the record
SM Energy Company's newest year against its own record: revenue of $3.2 billion in fiscal 2025 came in 31% above the $2.4 billion its prior three years' pace pointed to (top 22% of its family); net income of $648 million against a prior three-year average of $900 million (top 41%); a net margin of 20.5% against 32.1% before (bottom 43%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made