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Smart Sand, Inc.(SND)Earnings, Financials & Key Ratios
SND•NASDAQ
$4.76
158.7× P/E·Price updated Jul 7, 2026
AboutSmart Sand, Inc., an integrated frac sand supply and services company, engages in the excavation, processing, and sale of sands or proppant for use in hydraulic fracturing operations in the oil and gas industry in the United States. It also provides logistics services; and SmartSystems, a wellsite proppant storage solution. The company sells its products primarily to oil and natural gas exploration and production companies, oilfield service companies, and industrial manufacturers. As of December 31, 2021, it had approximately 250 million tons of proven and probable recoverable sand reserves. Smart Sand, Inc. was incorporated in 2011 and is headquartered in The Woodlands, Texas.Show more
- Revenue$330M+6.0%
- EBITDA$25M-24.0%
- Net Income$1M-55.0%
- EPS (Diluted)0.03-60.8%
- Gross Margin10.75%-25.3%
- EBITDA Margin7.53%-28.4%
- Operating Margin-1.52%-257.8%
- Net Margin0.41%-57.6%
- ROE0.56%-54.8%
SND Price & Volume
Smart Sand, Inc. (SND) stock price & volume — 10-year historical chart
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Persistent Margin Volatility Challenges Operational Scalability
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Strained
Financial:Healthy
Cash Flow:Mixed
Primary Risk:High fixed cost sensitivity
Key Thesis Takeaways
- Smart Sand faces a challenging outlook characterized by inconsistent revenue growth and structural margin compression, as evidenced by the 2026Q1 operating loss of $5.2 million.
- While the company maintains a conservative balance sheet with a 0.17 debt-to-equity ratio, its reliance on a logistics-heavy model in a competitive proppant market creates significant earnings volatility.
- Investors should monitor the company's ability to achieve consistent operating leverage, as current performance suggests that fixed costs are not scaling efficiently with business volume.
Verdict Logic
the company's inability to maintain positive operating margins, evidenced by the -5.6% operating margin in 2026Q1, suggests that the current business model lacks the necessary efficiency to generate sustainable shareholder value.
SND Growth Metrics
Smart Sand, Inc. (SND) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years21.34%
5 Years21.96%
3 Years8.89%
TTM21.72%
Profit CAGR
10 Years-12.29%
5 Years-48.73%
3 Years-
TTM203.3%
EPS CAGR
10 Years-14.87%
5 Years-49.79%
3 Years-
TTM202.04%
Return on Capital
10 Years2.75%
5 Years-3.98%
3 Years-0.4%
Last Year-1.71%
SND Recent Earnings
Smart Sand, Inc. (SND) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (55%)●Beat Revenue 9/12 qtrs (82%)
Q2 2026Latest
May 12, 2026Metric
Actual
Est
EPS
$0.10
—
Rev
$93M
—
Q1 2026
Feb 26, 2026Metric
Actual
Est
EPS
$0.03+200.0%
$0.03
Rev
$86M+43.4%
$60M
Q4 2025
Nov 12, 2025Metric
Actual
Est
EPS
$0.08+366.7%
$0.03
Rev
$93M+54.6%
$60M
Q3 2025
Aug 12, 2025Metric
Actual
Est
EPS
$0.01+66.7%
$0.03
Rev
$86M+43.0%
$60M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 12, 2026 | $0.10 | $93M |
| Q1 2026 | Feb 26, 2026 | $0.03vs $0.03+200.0% | $86Mvs $60M+43.4% |
| Q4 2025 | Nov 12, 2025 | $0.08vs $0.03+366.7% | $93Mvs $60M+54.6% |
| Q3 2025 | Aug 12, 2025 | $0.01vs $0.03+66.7% | $86Mvs $60M+43.0% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Smart Sand, Inc. (SND)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $4.76 | $204.61M | 158.67 | 6.03% | 0.41% | 0.56% | 3.16% | |
| $20.74 | $4.33B | 22.30 | 6.66% | 10.48% | 6.8% | — | |
| $594.17 | $35.84B | 31.60 | 0.12% | 38.67% | 25.07% | — | |
| $299.90 | $38.91B | 36.93 | 6.94% | 13.88% | 13.07% | — | |
| $106.21 | $70.97B | 19.28 | 9.01% | 9.04% | 22.18% | — | |
| $33.79 | $28.23B | 22.53 | -3.31% | 6.95% | 14.59% | — |
Compare SND vs Peers
Smart Sand, Inc. (SND) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SND SEC Filings & Documents
Smart Sand, Inc. (SND) SEC filings — annual & quarterly reports (10-K, 10-Q)
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SND Frequently Asked Questions
Smart Sand, Inc. (SND) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Smart Sand, Inc.'s revenue?
Smart Sand, Inc. (SND) reported $357.7M in revenue for fiscal year 2025. This represents a 425% increase from $68.2M in 2014.
How fast is Smart Sand, Inc. growing?
Smart Sand, Inc. (SND) grew revenue by 6.0% over the past year. This is steady growth.
Is SND profitable?
Yes, Smart Sand, Inc. (SND) is profitable, generating $21.7M in net income for fiscal year 2025 (0.4% net margin).
Dividend & Returns
Does SND pay dividends?
Yes, Smart Sand, Inc. (SND) pays a dividend with a yield of 3.16%. This makes it attractive for income-focused investors.
What is SND's return on equity?
Smart Sand, Inc. (SND) has a return on equity (ROE) of 0.6%. This is below average, suggesting room for improvement.
What is Smart Sand, Inc.'s free cash flow?
Smart Sand, Inc. (SND) generated $28.2M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.