• SM Energy average net profit margin for 2023 was 37.72%, a 42.72% decline from 2022.
• SM Energy average net profit margin for 2022 was 26.43%, a 187.72% increase from 2021.
• SM Energy average net profit margin for 2021 was -30.13%, a 36.82% decline from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.