Atomic interferometers have been studied as a promising device for precise sensing of external fields. Among various configurations, a particular configuration with a butterfly-shaped geometry has been designed to sensitively probe field gradients. We introduce a Stern-Gerlach (SG) butterfly interferometer by incorporating magnetic field in the conventional butterfly-shaped configuration. Atomic trajectories of the interferometer can be flexibly adjusted by controlling magnetic fields to increase the sensitivity of the interferometer, while the conventional butterfly interferometer using Raman transitions can be understood as a special case. We also show that the SG interferometer can keep high contrast against a misalignment in position and momentum caused by the field gradient.