Matador Resources
MTDR Β· Oil & Gas Exploration & Production
$59.96
5.6%SM Energy
SM Β· Oil & Gas Exploration & Production
$40.11
4.4%The short version
- Matador Resources is the larger business, with $3.7B of revenue in fiscal 2025 against $3.2B for SM Energy.
- SM Energy grew revenue faster (17.3%, against 5.5%).
- Matador Resources kept more of each dollar of sales as operating profit (33.2% operating margin, against 31.7% operating margin).
| Latest fiscal year | MTDR Β· FY25 | SM Β· FY25 |
|---|---|---|
| Size | ||
| Market cap | $7.4B | $9.6B |
| Revenue | $3.7B | $3.2B |
| Free cash flow | $270M | β |
| Net income | $759M | $648M |
| Growth | ||
| Revenue growth | 5.5% | 17.3% |
| 5-year growth | 33.8% | 22.9% |
| Share count change | 0.4% | β0.9% |
| Profitability | ||
| Gross margin | β | β |
| Operating margin | 33.2% | 31.7% |
| Net margin | 20.5% | 20.6% |
| FCF margin | 7.3% | β |
| Return on capital | β | 11.1% |
| Return on equity | 14.1% | 14.3% |
| Balance sheet | ||
| Net debt | β | $2.3B |
| Net debt / EBITDA | β | β |
| Dividends and buybacks | $219M | $105M |
| Valuation & quality | ||
| P/E | 10.3x | β |
| Piotroski F-score | β | 6 |
FY16
MTDR $264M
SM $1.2B
FY17
MTDR $544M
SM $1.1B
FY18
MTDR $900M
SM $2.1B
FY19
MTDR $984M
SM $1.6B
FY20
MTDR $862M
SM $1.1B
FY21
MTDR $1.7B
SM $2.6B
FY22
MTDR $3.1B
SM $3.4B
FY23
MTDR $2.8B
SM $2.4B
FY24
MTDR $3.5B
SM $2.7B
FY25
MTDR $3.7B
SM $3.2B
MTDR
SM
FY16
MTDR β67.0%
SM β86.8%
FY17
MTDR 29.6%
SM β14.5%
FY18
MTDR 40.4%
SM 40.5%
FY19
MTDR 23.9%
SM β4.4%
FY20
MTDR β60.5%
SM β94.9%
FY21
MTDR 47.7%
SM 8.0%
FY22
MTDR 57.5%
SM 47.0%
FY23
MTDR 43.1%
SM 41.6%
FY24
MTDR 40.9%
SM 40.0%
FY25
MTDR 33.2%
SM 31.7%
MTDR
SM
FY16
MTDR β$320M
SM β
FY17
MTDR β$574M
SM β
FY18
MTDR β$896M
SM β
FY19
MTDR β$394M
SM β
FY20
MTDR β$244M
SM β
FY21
MTDR $215M
SM β
FY22
MTDR $915M
SM β
FY23
MTDR β$1.4B
SM β
FY24
MTDR β$1.7B
SM β
FY25
MTDR $270M
SM β
MTDR
SM
FY16
MTDR β
SM β37.4%
FY17
MTDR β
SM β5.4%
FY18
MTDR β
SM 25.0%
FY19
MTDR β
SM β1.9%
FY20
MTDR β
SM β23.7%
FY21
MTDR β
SM 4.1%
FY22
MTDR β
SM 31.4%
FY23
MTDR β
SM 20.1%
FY24
MTDR β
SM 14.9%
FY25
MTDR β
SM 11.1%
MTDR
SM
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