Chord Energy vs SM Energy
Chord Energy is the larger business, with $4.88bn of revenue in fiscal 2025 against $3.15bn for SM Energy (1.5 times as much). SM Energy grew faster (17.2% against -7.1%). SM Energy kept more of each dollar of sales as profit: a net margin of 20.5% against 0.9%. SM Energy carries less debt relative to equity (0.0% against 18.3%).
| Latest fiscal year | Chord EnergyCHRD, 2025 | SM EnergySM, 2025 |
|---|---|---|
| Revenue | $4.88bn | $3.15bn |
| Revenue growth | -7.1% | 17.2% |
| Net income | $44.5m | $648m |
| Operating margin | 4.0% | 31.7% |
| Net margin | 0.9% | 20.5% |
| Return on equity | 0.5% | 14.3% |
| Free cash flow | $2.04bn | $1.98bn |
| Cash | $190m | $368m |
| Total debt | $1.48bn | $0 |
| Debt to equity | 18.3% | 0.0% |
| Dividend per share | $5.20 | $0.80 |
| Dividend yield | 3.6% | 2.0% |
| Share buybacks | $365m | $13.0m |
| Employees | — | 1,241 |
| Market value | $8.02bn | $8.82bn |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 55 (Moderate) | 49 (Moderate) |
| Insider trades, 12 months | 1 buys, 21 sales | 0 buys, 3 sales |