Summit Midstream Corporation (SMC) Key Metrics
SMC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $423.2M
- Enterprise value
- $1.71B
- P/E (TTM)
- —
- Forward P/E
- 26.1
- PEG ratio
- —
- Price / sales
- 0.7 10-yr median 0.5
- Price / book
- 0.8 10-yr median 0.3
- EV / EBITDA
- 8.2 10-yr median 7.3
- Dividend yield
- —
- Beta
- 0.80
SMC key metrics, 2019–2025
Fiscal year ended December 31, 2025 · U.S. dollarsSMC valuation Price multiples at each fiscal year-end price.
SMC returns How much profit the business earns on the capital it uses.
SMC per-share figures Results divided by the shares outstanding at year-end.
SMC financial health Debt, liquidity and how easily interest is covered.
SMC efficiency & capital use Working capital cycle and where the cash goes.
SMC valuation history
SMC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
SMC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
SMC cash returned to shareholders
SMC price vs earnings per share
SMC key metrics
2019–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Valuation | |||||||
| Market capitalization | $323.7M | $400.5M | $185.1M | $167.6M | $149.7M | $58.8M | $272.6M |
| Enterprise value | $1.37B | $1.37B | $1.65B | $1.66B | $1.50B | $1.40B | $1.89B |
| P/E ratio | — | — | — | — | — | 0.3 | — |
| Price / sales | 0.6 | 0.9 | 0.4 | 0.5 | 0.4 | 0.2 | 0.6 |
| Price / book | 0.5 | 0.9 | 0.3 | 0.2 | 0.2 | 0.1 | 0.5 |
| Price / free cash flow | 7.3 | 49.1 | 3.2 | 2.5 | 1.1 | 0.4 | — |
| Price / operating cash flow | 2.4 | 6.5 | 1.5 | 1.7 | 0.9 | 0.3 | 1.7 |
| EV / sales | 2.4 | 3.2 | 3.6 | 4.5 | 3.7 | 3.6 | 4.3 |
| EV / EBITDA | 6.6 | 5.5 | 7.3 | 20.4 | 8.0 | 3.7 | 8.2 |
| EV / free cash flow | 30.7 | 168.0 | 28.5 | 24.3 | 10.7 | 9.0 | — |
| Earnings yield | −0.6% | −28.3% | −21.0% | −73.7% | −13.3% | 327.0% | −78.1% |
| Free cash flow yield | 13.8% | 2.0% | 31.3% | 40.7% | 93.6% | 264.3% | −7.5% |
| Dividend yield | 4.1% | 1.6% | 3.5% | 1.9% | 0.0% | 0.0% | 54.7% |
| Shareholder yield (dividends + buybacks) | 4.1% | 1.6% | 3.5% | 1.9% | 0.0% | 113.5% | 54.7% |
| Share price at fiscal year-end | $26.68 | $37.78 | $17.91 | $16.68 | $22.20 | $12.49 | $49.65 |
| Per share | |||||||
| Revenue per share | $46.33 | $40.53 | $44.41 | $36.78 | $59.57 | $81.42 | $81.00 |
| Earnings per share | −$0.16 | −$10.68 | −$3.77 | −$12.29 | −$2.96 | $40.84 | −$38.79 |
| Operating cash flow per share | $11.01 | $5.83 | $12.28 | $9.83 | $24.49 | $42.16 | $29.46 |
| Free cash flow per share | $3.67 | $0.77 | $5.61 | $6.79 | $20.78 | $33.01 | −$3.74 |
| Cash per share | $0.76 | $2.15 | $1.36 | $1.18 | $1.09 | $3.30 | $1.74 |
| Book value per share | $56.66 | $44.13 | $69.53 | $76.12 | $134.16 | $214.98 | $109.12 |
| Tangible book value per share | $44.00 | $29.58 | $52.54 | $56.34 | $108.51 | $172.61 | $66.82 |
| Dividends per share | $1.10 | $0.61 | $0.63 | $0.32 | $0.00 | $0.00 | $27.18 |
| Capex per share | $7.34 | $5.06 | $6.67 | $3.03 | $3.71 | $9.16 | $33.20 |
| Debt per share | $86.83 | $93.73 | $143.55 | $149.65 | $201.58 | $287.38 | $297.03 |
| Shares outstanding | 12.1M | 10.6M | 10.3M | 10.0M | 6.7M | 4.7M | 5.5M |
| Change in shares outstanding | +14.5% | +2.6% | +2.8% | +49.1% | +43.1% | −14.2% | — |
| Returns & profitability | |||||||
| Return on equity (ROE) | −0.3% | −19.1% | −5.3% | −14.8% | −2.1% | 23.9% | −35.6% |
| Return on invested capital (ROIC) | 4.4% | 1.6% | 2.9% | 1.6% | 6.4% | 3.0% | 4.3% |
| Return on assets (ROA) | −0.1% | −4.7% | −1.5% | −4.9% | −0.8% | 7.6% | −8.3% |
| Return on tangible assets | −0.1% | −5.1% | −1.7% | −5.2% | −0.8% | 8.4% | −9.1% |
| Free cash flow margin | 7.9% | 1.9% | 12.6% | 18.5% | 34.9% | 40.5% | −4.6% |
| Income quality (OCF / net income) | — | — | — | — | — | 1.03 | — |
| Financial health | |||||||
| Total debt | $1.05B | $993.6M | $1.48B | $1.50B | $1.36B | $1.35B | $1.63B |
| Cash & short-term investments | $9.3M | $22.8M | $14.0M | $11.8M | $7.3M | $15.5M | $9.5M |
| Net debt | $1.04B | $970.8M | $1.47B | $1.49B | $1.35B | $1.34B | $1.62B |
| Debt / equity | 1.53 | 2.12 | 2.06 | 1.97 | 1.50 | 1.34 | 2.72 |
| Debt / assets | 0.44 | 0.42 | 0.59 | 0.59 | 0.54 | 0.54 | 0.63 |
| Net debt / EBITDA | 5.03 | 3.87 | 6.51 | 18.38 | 7.22 | 3.56 | 7.00 |
| Current ratio | 0.55 | 0.68 | 0.73 | 0.83 | 1.10 | 1.20 | 25.22 |
| Quick ratio | 0.55 | 0.68 | 0.73 | 0.81 | 0.95 | 1.20 | 25.22 |
| Interest coverage | 0.9 | 0.5 | 0.6 | 0.4 | 2.8 | 0.9 | 1.3 |
| Working capital | −$79.9M | −$56.5M | −$35.6M | −$20.3M | $8.1M | $13.7M | $134.3M |
| Invested capital | $1.73B | $1.44B | $2.19B | $2.26B | $2.26B | $2.35B | $2.22B |
| Tangible asset value | $934.3M | $810.8M | $667.6M | $684.7M | $837.8M | $813.0M | $2.34B |
| Net current asset value | −$1.20B | −$1.28B | −$1.55B | −$1.58B | −$1.42B | −$1.41B | $134.3M |
| Graham number | — | — | — | — | — | $444.45 | — |
| Graham net-net per share | −$102.05 | −$123.94 | −$152.87 | −$159.97 | −$215.36 | −$302.61 | $14.03 |
| Capital allocation | |||||||
| Dividends paid | $13.4M | $6.5M | $6.5M | $3.3M | $0 | $0 | $149.2M |
| Share buybacks (net) | — | — | — | — | $0 | $66.8M | $0 |
| Dividend payout ratio | — | — | — | — | — | 0.0% | — |
| Dividends + buybacks / free cash flow | 30.1% | 79.8% | 11.2% | 4.8% | 0.0% | 43.0% | — |
| Capex / revenue | 15.8% | 12.5% | 15.0% | 8.2% | 6.2% | 11.2% | 41.0% |
| Capex / operating cash flow | 66.7% | 86.8% | 54.3% | 30.9% | 15.2% | 21.7% | 112.7% |
| Capex / depreciation | 0.77 | 0.53 | 0.56 | 0.25 | 0.21 | 0.36 | 1.63 |
| Stock-based compensation / revenue | 1.4% | 2.0% | 1.4% | 1.0% | 1.2% | 2.1% | 1.8% |
| SG&A / revenue | 10.9% | 12.9% | 9.2% | 12.2% | 14.7% | 19.2% | 11.5% |
| Efficiency | |||||||
| Days sales outstanding | 47.7 | 65.1 | 60.3 | 67.9 | 56.4 | 75.8 | 79.9 |
| Days of inventory on hand | — | — | 0.9 | 9.1 | 28.6 | — | 0.0 |
| Days payables outstanding | 25.1 | 27.6 | 20.0 | 16.0 | 26.2 | 27.5 | 55.0 |
| Cash conversion cycle (days) | 22.5 | 37.5 | 41.2 | 60.9 | 58.8 | 48.3 | 25.0 |
| Receivables turnover | 7.66 | 5.60 | 6.06 | 5.38 | 6.47 | 4.81 | 4.57 |
| Payables turnover | 14.52 | 13.23 | 18.28 | 22.81 | 13.96 | 13.27 | 6.64 |
| Inventory turnover | — | — | 389.98 | 40.16 | 12.77 | — | 162,157,000.00 |
| Asset turnover | 0.24 | 0.18 | 0.18 | 0.15 | 0.16 | 0.15 | 0.17 |
| Average receivables | $73.4M | $76.7M | $75.8M | $68.7M | $62.0M | $79.7M | $97.4M |
| Average payables | $28.4M | $23.9M | $18.4M | $12.3M | $11.2M | $18.1M | $24.4M |
| Average inventory | — | — | $861,500 | $7.0M | $12.2M | — | $1 |
| Intangibles / total assets | 6.4% | 6.5% | 7.0% | 7.8% | 6.9% | 8.0% | 9.0% |
Computed from SMC's annual financial statements (latest annual report filed March 16, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
SMC valuation and financial ratios
Summit Midstream earned a return on equity of −0.3% and a return on invested capital of 4.4% in fiscal 2025. It ended the year with $1.1 billion of debt and $9.3 million in cash and short-term investments, net debt of $1.0 billion. It returned $13.4 million to shareholders: $13.4 million in dividends and $0 in share buybacks, 30% of free cash flow. The share count rose 121.0% from 5.5M to 12.1M over 6 years.
See the SMC income statement, the SMC chart for price history, or the SMC stock overview for the latest quote and news.
SMC key metrics FAQ
What is Summit Midstream's EV/EBITDA?
Summit Midstream's enterprise value was 6.6 times EBITDA at the end of fiscal 2025 (enterprise value $1.4 billion, EBITDA $207.4 million); the current EV/EBITDA is 8.2.
What is Summit Midstream's return on equity?
Summit Midstream's return on equity (ROE) was −0.3% in fiscal 2025: net income of -$1.9 million on average shareholders' equity of $577.6 million.
What is Summit Midstream's ROIC?
Summit Midstream's return on invested capital was 4.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Summit Midstream have?
Summit Midstream had total debt of $1.1 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.53 and $1.0 billion of net debt (5.03 times EBITDA).
What is Summit Midstream's dividend yield?
Summit Midstream paid $13.4 million in dividends in fiscal 2025 ($1.10 per share), a payout ratio of —.
What is Summit Midstream's free cash flow yield?
Summit Midstream generated $44.6 million of free cash flow in fiscal 2025, a free cash flow yield of 13.8% on its market value at year-end ($323.7 million).
What is Summit Midstream's current ratio?
Summit Midstream's current ratio was 0.55 at the end of fiscal 2025: current assets were 0.55 times current liabilities.