The Filing Desk

Matador Resources vs SM Energy

Matador Resources MTDR · SM Energy SM · Oil & Gas Exploration & Production

Matador Resources reported revenue of $3.7 billion in fiscal 2025, 1.2 times SM Energy's $3.2 billion in fiscal 2025. Matador Resources' revenue grew 5.5% in its latest year, and SM Energy's grew 17.2%. Matador Resources had an operating margin of 33.2%, against 31.7% at SM Energy.

Side by side

Matador ResourcesSM Energy
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$3.7B$3.2B
Revenue growth5.5%17.2%
Revenue growth a year, last 5 years33.8%22.9%
Gross margin——
Operating margin33.2%31.7%
Net margin20.5%20.6%
Free cash flow$270M—
Free cash flow margin7.3%—
Return on capital—11.1%
Net debt to EBITDA——
Dividends and buybacks$219M$105M
Change in diluted share count0.4%−0.9%
Last close$60.09$40.15
P/E at the last close10.3×—
Insider trades, last 12 monthsbought $3.5 million, sold $0sold $1.6 million
Piotroski F-score—6 of 8
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
Matador ResourcesSM Energy
Operating margin
Percent of revenue
Matador ResourcesSM Energy
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Matador ResourcesSM Energy

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Matador Resources and SM Energy pages.