Permian Resources vs SM Energy
Permian Resources is the larger business, with $5.07bn of revenue in fiscal 2025 against $3.15bn for SM Energy (1.6 times as much). SM Energy grew faster (17.2% against 1.3%). SM Energy kept more of each dollar of sales as profit: a net margin of 20.5% against 18.5%. SM Energy carries less debt relative to equity (0.0% against 34.5%).
| Latest fiscal year | Permian ResourcesPR, 2025 | SM EnergySM, 2025 |
|---|---|---|
| Revenue | $5.07bn | $3.15bn |
| Revenue growth | 1.3% | 17.2% |
| Net income | $935m | $648m |
| Operating margin | 28.9% | 31.7% |
| Net margin | 18.5% | 20.5% |
| Return on equity | 9.6% | 14.3% |
| Free cash flow | $2.54bn | $1.98bn |
| Cash | $154m | $368m |
| Total debt | $3.55bn | $0 |
| Debt to equity | 34.5% | 0.0% |
| Dividend per share | $0.60 | $0.80 |
| Dividend yield | 2.7% | 2.0% |
| Share buybacks | — | $13.0m |
| Employees | 515 | 1,241 |
| Market value | $18.15bn | $8.82bn |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 56 (Moderate) | 49 (Moderate) |
| Insider trades, 12 months | 0 buys, 28 sales | 0 buys, 3 sales |