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Smart Sand

SND Energy Oil & Gas Equipment & Services

Smart Sand’s revenue for fiscal 2025 (year ended December 2025) was $330.2 million, up 6.03% from fiscal 2024.

Revenue
+34.1%
EPS
−52.7%
Free cash flow
+80.9%
Total debt
−32.2%

Quarter to June 2026, against a year earlier

4.67 0.17 −3.51%
Market cap
$205.2M
P/E
17.3×
Fwd P/E
10.4×
Dividend yield
0.00%
F-score
6/9
Altman Z
2.28
Beneish M
−3.28
Dividend safety
45/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.02
Sold, $m 2.60
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — 1 — — — — — —
Sell — — — 3 — 1 — — 5 — — —
Insider Ownership 25.29%

Capital & Financial Ratios $m

Size
Market Cap 205.21
Revenue ttm 386.99
Net income ttm 10.49
Free cash flow ttm 34.63
Net debt Q 4.47
Valuation
P/E 17.30
Forward P/E 10.40
Price / sales 0.47
Forward P/S Powerpack
Price / FCF 5.29
Price / book 0.77
Financial health
Current ratio Q 1.69 (at or above 1.5: strong)
Debt / equity Q 0.06 (at or below 0.5: strong)
Interest coverage Q 33.17
Growth
Revenue growth Q +34.14% (above 0%: growing)
Operating income growth Q +13,153.25% (above 0%: growing)
EPS, this year +137.50% (at or above 15%: strong)
EPS, next year A +171.43% (at or above 15%: strong)
Revenue, next year A −4.04% (below 0%: weak)
EPS, past 5 yrs −49.79% (below 0%: weak)
EPS, next 5 yrs A −2.60% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.5×, against a ten-year median of 0.5×; over the ten years it ranged from 0.3× in 2023 to 10.9× in 2016.
P/E against its own 10 years 66.58%
10-year low 10-year high
P/S against its own 10 years 50.04%
10-year low 10-year high
P/B against its own 10 years 73.35%
10-year low 10-year high
EV/Sales against its own 10 years 42.68%
10-year low 10-year high
EV/FCF against its own 10 years 32.97%
10-year low 10-year high

Dividends

Yield
0.00%
Annual rate
0.00
Payout ratio
0.00%
  1. 0.10 ’24
paid Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 6 2 23 10
Receivables 26 46 31 46
Inventory 27 25 31 32
Other — — — —
62 76 88 93
2023 2024 2025 Q'26
Payables 16 17 9 16
ST’ Debt 16 4 4 6
Other — — — —
54 43 50 55

Compound Annual Growth %

10y 5y 3y
Sales 21.34% 21.96% 8.89%
Cash Flow 3.69% 11.55% 101.16%
Earnings (12.29%) (48.73%) 0.00%
Book Value 51.64% (3.66%) (0.52%)

Earnings Trends EPS, adjusted, against the consensus

Q4 FY24 Estimate 0.09 Actual 0.09

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q1 FY24 0.05 −0.01 Miss by 0.06
Q2 FY24 −0.02 0.02 Beat by 0.04
Q3 FY24 0.01 0.00 Miss by 0.01
Q4 FY24 0.09 0.09 Met by 0.00

EPS $

Mar Jun Sep Dec Year
’26 (0.10) 0.25 — — —
’25 (0.62) 0.54 0.08 0.03 0.03
’24 (0.01) (0.01) 0.00 0.09 0.08
’23 (0.09) 0.17 0.18 (0.12) 0.12
’22 (0.14) 0.00 0.06 0.06 (0.02)
’21 (0.09) (0.65) (0.17) (0.29) (1.21)
’20 0.00 0.12 0.91 (0.07) 0.94
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 93 115 — — —
’25 66 86 93 86 330
’24 83 74 63 91 311
’23 82 75 77 62 296
’22 42 69 72 74 256
’21 27 30 34 35 127
’20 47 26 23 25 122
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 3 3 — — —
’25 9 (5) 18 22 44
’24 (4) 15 6 1 18
’23 5 16 12 (3) 31
’22 (9) (2) 11 6 5
’21 4 33 1 (5) 32
’20 12 14 (4) 3 26
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 1 (1) — — —
’25 5 (7) 15 20 33
’24 (6) 14 4 (1) 11
’23 1 11 6 (10) 8
’22 (12) (4) 7 2 (6)
’21 2 30 (1) (9) 21
’20 8 12 (5) 2 17
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 59 137 212 233 122 127 256 296 311 330 387 +21.0% — — — —
Gross margin, % 55.14 26.90 32.65 34.78 14.81 (12.56) 11.57 14.04 14.40 11.48 13.46 (43.7) pt
EBT 20 19 26 39 25 (60) (4) (2) 0 (6) 7 n/m
EBT margin, % 33.38 13.64 12.05 16.92 20.41 (47.13) (1.53) (0.76) 0.08 (1.69) 1.86 (35.1) pt
Net income 10 22 20 32 38 (51) (1) 5 3 1 10 (20.3%)
Per share, $
Per share, $ Revenue 2.44 3.41 5.26 5.81 3.04 3.03 6.03 7.60 8.02 8.45 9.86 +14.8%
Earnings 0.43 0.54 0.46 0.79 0.94 (1.21) (0.02) 0.12 0.08 0.03 0.27 (25.6%)
Cash flow 1.10 0.39 1.26 1.11 0.63 0.78 0.13 0.80 0.46 1.13 1.20 +0.3%
Capex (0.10) (1.27) (2.38) (0.63) (0.21) (0.27) (0.27) (0.59) (0.18) (0.28) (0.31) +11.8%
Free cash flow 1.00 (0.88) (1.12) 0.48 0.42 0.51 (0.15) 0.21 0.28 0.85 0.88 (1.7%)
Book value 5.86 4.73 5.18 6.12 7.17 5.77 5.74 6.22 6.28 6.14 6.06 +0.5%
Shares, m 24 40 40 40 40 42 42 39 39 39 39 +5.4%
Valuation, ×
Valuation, × P/E 54.79 16.98 4.47 3.19 1.80 0.00 0.00 14.79 27.47 100.00 17.30 22.3
P/S 6.91 2.64 0.42 0.43 0.57 0.59 0.29 0.27 0.28 0.47 0.47 1.3
P/B 2.87 1.90 0.43 0.41 0.24 0.31 0.30 0.33 0.36 0.65 0.77 0.8
EV/Sales 6.12 2.38 0.64 0.57 0.71 0.56 0.33 0.32 0.32 0.44 0.49 1.2
EV/FCF 14.96 (9.20) (3.02) 6.92 5.12 3.35 (13.37) 11.58 9.00 4.41 5.42 3.0
Cash, $m
Cash, $m Operating cash flow 27 16 51 45 26 32 5 31 18 44 47 +5.7%
Capex (2) (51) (96) (25) (9) (11) (12) (23) (7) (11) (12) +17.9%
Free cash flow 24 (36) (45) 19 17 21 (6) 8 11 33 35 +3.6%
Balance, $m
Balance, $m Working capital 51 39 25 52 75 25 16 7 32 38 38 (3.2%)
Net debt (46) (34) 47 32 18 (3) 10 13 11 (10) 4 (16.0%)
Shareholders’ equity 142 190 209 246 289 241 243 242 244 240 238 +6.0%
Returns, %
Returns, % ROA 6.78 10.24 7.09 9.25 9.60 (12.64) (0.19) 1.32 0.87 0.39 3.03 (6.4) pt
ROIC 13.18 7.51 6.74 9.80 (2.65) (16.67) (0.77) (0.37) 0.74 (1.21) 2.02 (14.4) pt
ROE 14.20 12.95 10.07 13.90 14.21 (19.12) (0.29) 1.91 1.23 0.56 4.38 (13.6) pt
People
People Employees 103 198 323 285 228 239 328 378 285 318 — +13.3%
Revenue/emp, $m 0.58 0.69 0.66 0.82 0.54 0.53 0.78 0.78 1.09 1.04 — +6.8%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Smart Sand vs peers in Oil & Gas Equipment & Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
OIS Oil States International, Inc. $579.1M — (loss-making) 24.0× −5.29% (below 0%: shrinking) +100.00% (above 0%: growing) −124.96% (below 0%: shrinking) 24.71% 7.48% Compare
CLB Core Laboratories Inc. $488.2M 20.4× 24.7× −4.26% (below 0%: shrinking) −43.48% (below 0%: shrinking) −65.67% (below 0%: shrinking) 18.65% 7.34% Compare
NGS Natural Gas Services Group, Inc. $417.9M 19.9× 18.6× +24.21% (above 0%: growing) −28.57% (below 0%: shrinking) +144.88% (above 0%: growing) 59.94% 19.30% Compare
RNGR Ranger Energy Services, Inc. $351.5M 24.2× 15.5× +25.53% (above 0%: growing) −12.12% (below 0%: shrinking) +33.55% (above 0%: growing) 19.15% 6.69% Compare
SND Smart Sand $205.2M 17.9× 10.4× +34.14% (above 0%: growing) −52.73% (below 0%: shrinking) +80.86% (above 0%: growing) 17.23% 8.74%
OMSE OMS Energy Technologies Inc. $170.2M — — — — +204.37% (above 0%: growing) — — Compare
KLXE KLX Energy Services Holdings, Inc. $117.3M — (loss-making) — (loss-making) +5.22% (above 0%: growing) n/m −48.75% (below 0%: shrinking) 21.76% 1.26% Compare
NINE Nine Energy Service, Inc. $109.4M 10.1× 1.7× −3.70% (below 0%: shrinking) n/m −515.61% (below 0%: shrinking) 14.06% (2.04%) Compare
LSE Leishen Energy Holding Co., Ltd. $73.6M — — — — −89.33% (below 0%: shrinking) — — Compare
Median of peers $260.9M 20.2× 18.6× +0.76% −20.35% −57.21% 20.46% 7.02%

All 48 Oil & Gas Equipment & Services stocks →

Pay and ownership Proxy statement filed 22 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 2.81m 4.65m 223.00
2024 2.28m 2.35m 126.00
2023 1.59m 1.75m 108.00

Ownership

Directors and executive officers, together 33.50%
Charles E. Young 18.30%
Keystone Cranberry, LLC 13.60%
Tontine Capital Overseas Master Fund II, L.P. 6.20%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Smart Sand (SND) Latest News

2 Oct

Impact 4 · · MarketBeat

11 Aug

Impact 3 ·

12 May

Impact 3 ·

1 Apr

Impact 4 · · MarketBeat

26 Feb

Impact 4 · · Associated Press Finance
Impact 4 · · PR Newswire

11 Feb

Impact 3 · · Simply Wall St.

8 Dec

Impact 4 · · Simply Wall St.Insider MonkeyBarchartSimply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.

5 Dec

Impact 4 · · Barchart

25 Nov

Impact 4 · · Insider Monkey

18 Nov

Impact 3 ·

12 Nov

Impact 4 · · PR NewswireGuruFocus.comAssociated Press FinanceMotley FoolGuruFocus.comGuruFocus.comGuruFocus.comGuruFocus.com
Impact 3 · · Associated Press Finance

19 Sep

Impact 3 ·

14 Aug

Impact 4 ·

12 Aug

Impact 4 · · PR Newswire
Impact 3 ·

31 Jul

Impact 3 ·

23 Jul

Impact 3 · · PR Newswire

18 Jun

Impact 3 ·

13 May

Impact 4 ·
Impact 3 · · Associated Press Finance

7 May

Impact 4 · · Insider Monkey

24 Apr

Impact 3 · · Simply Wall St.

18 Apr

Impact 4 ·

18 Mar

Impact 3 ·

14 Mar

Impact 3 ·

11 Mar

Impact 3 · · Simply Wall St.

5 Mar

Impact 3 ·

3 Mar

Impact 4 · · PR Newswire
stockrow.com/SND · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com