Range Resources vs SM Energy
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The short version
- SM Energy is the larger business, with $3.2B of revenue in fiscal 2025 against $3.1B for Range Resources.
- Range Resources grew revenue faster (28.9%, against 17.3%).
- Range Resources earned a higher return on the capital invested in it (13.7%, against 11.1%).
| Latest fiscal year | RRC Β· FY25 | SM Β· FY25 |
|---|---|---|
| Size | ||
| Market cap | $10.8B | $9.6B |
| Revenue | $3.1B | $3.2B |
| Free cash flow | $590M | β |
| Net income | $658M | $648M |
| Growth | ||
| Revenue growth | 28.9% | 17.3% |
| 5-year growth | 9.6% | 22.9% |
| Share count change | β1.2% | β0.9% |
| Profitability | ||
| Gross margin | β | β |
| Operating margin | β | 31.7% |
| Net margin | 21.1% | 20.6% |
| FCF margin | 18.9% | β |
| Return on capital | 13.7% | 11.1% |
| Return on equity | 15.9% | 14.3% |
| Balance sheet | ||
| Net debt | $1.2B | $2.3B |
| Net debt / EBITDA | 0.9x | β |
| Dividends and buybacks | $85.7M | $105M |
| Valuation & quality | ||
| P/E | 12.6x | β |
| Piotroski F-score | 8 | 6 |
Revenue
FY16
RRC $1.1B
SM $1.2B
FY17
RRC $2.6B
SM $1.1B
FY18
RRC $3.3B
SM $2.1B
FY19
RRC $2.8B
SM $1.6B
FY20
RRC $2.0B
SM $1.1B
FY21
RRC $2.9B
SM $2.6B
FY22
RRC $4.1B
SM $3.4B
FY23
RRC $3.4B
SM $2.4B
FY24
RRC $2.4B
SM $2.7B
FY25
RRC $3.1B
SM $3.2B
RRC
SM
Operating margin
FY16
RRC β
SM β86.8%
FY17
RRC β
SM β14.5%
FY18
RRC β
SM 40.5%
FY19
RRC β
SM β4.4%
FY20
RRC β
SM β94.9%
FY21
RRC β
SM 8.0%
FY22
RRC β
SM 47.0%
FY23
RRC β
SM 41.6%
FY24
RRC β
SM 40.0%
FY25
RRC β
SM 31.7%
RRC
SM
Free cash flow
FY16
RRC β$79.2M
SM β
FY17
RRC β$332M
SM β
FY18
RRC $29.8M
SM β
FY19
RRC β$5.4M
SM β
FY20
RRC β$137M
SM β
FY21
RRC $399M
SM β
FY22
RRC $1.4B
SM β
FY23
RRC $406M
SM β
FY24
RRC $374M
SM β
FY25
RRC $590M
SM β
RRC
SM
Return on capital
FY16
RRC β6.9%
SM β37.4%
FY17
RRC 2.9%
SM β5.4%
FY18
RRC β13.9%
SM 25.0%
FY19
RRC β23.8%
SM β1.9%
FY20
RRC β8.4%
SM β23.7%
FY21
RRC 13.2%
SM 4.1%
FY22
RRC 27.8%
SM 31.4%
FY23
RRC 19.3%
SM 20.1%
FY24
RRC 6.9%
SM 14.9%
FY25
RRC 13.7%
SM 11.1%
RRC
SM
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.