• SM Energy average return on investment for 2023 was 21.25, a 2.48% decline from 2022.
• SM Energy average return on investment for 2022 was 21.79, a 294.9% decline from 2021.
• SM Energy average return on investment for 2021 was -11.18, a 9.4% decline from 2020.

Roi - return on investment can be defined as an indicator of how profitable a company is relative to its assets invested by shareholders and long-term bond holders. Calculated by dividing a company's operating earnings by its long-term debt and shareholders equity.