SM Energy Gross Margin 2010-2024 | SM
- SM Energy average gross margin for 2023 was 77.41%, a 5.93% decline from 2022.
- SM Energy average gross margin for 2022 was 82.29%, a 8.98% decline from 2021.
- SM Energy average gross margin for 2021 was 75.51%, a 13.16% increase from 2020.
Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.