Isotropic liquid droplets are formed by different mechanisms near the smectic−isotropic phase transition in smectic freely suspended films. Because of the layered structure of the smectic films, the interplay of tensions that determines the droplet geometry is essentially different from that of liquid droplets on solid or isotropic liquid surfaces. By means of interferometric measurements, the three-dimensional droplet geometry is determined. A model is proposed that describes the droplet shapes, and the relevant parameters are discussed on the basis of experimental data. We derive surface and interface tensions of low molecular mass and polymeric mesogens and provide a molecular interpretation. In particular, the small difference between surface tensions in the smectic and isotropic phases is accessible with the method; it can be related to the structure of the isotropic liquid to air interface of smectogens. Capillary forces causing a lateral motion of droplets in inhomogeneously thick films are discuss...