Sunday 11 October 2026 Export all SND data to Excel Powerpack

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. In the quarter to June 2026, revenue grew 34.1%, EPS fell 52.7%, free cash flow grew 80.9% and total debt fell 32.2%, each against the same quarter a year earlier. Revenue growth for five consecutive years; insiders bought in the last twelve months.

5.28 0.02 −0.38%

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Market cap: $224.7M
P/E: 19.5×
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 Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.04

Total sells 2.60

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	1	—	—	—	—	—	1	—	—	—	—	—
Sell	—	—	—	—	3	—	1	—	—	5	—	—

Insider Ownership 25.29%

Capital & Financial Ratios $m

Market Cap 224.71

Revenue 386.99

Net Income 10.49

Free Cash Flow 34.63

Net Debt 4.47

Current Ratio 1.69

Debt/Equity 0.06

P/E ratio 19.52

Fwd P/E 10.40

P/S ratio 0.53

P/B ratio 0.87

Past 5Y EPS Growth (49.79%)

This Y EPS Growth 137.50%

Next Y EPS Growth 171.43%

Next Y revenue growth (4.04%)

Next 5Y EPS Growth (2.60%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 71.27%

10-year low 10-year high

P/S against its own 10 years 56.12%

10-year low 10-year high

P/B against its own 10 years 79.54%

10-year low 10-year high

EV/Sales against its own 10 years 53.32%

10-year low 10-year high

EV/FCF against its own 10 years 40.33%

10-year low 10-year high

Dividends

Payout Ratio 0.00

Annual Dividend Rate 0.00

Annual Dividend Yield 0.00%

	total	individual payouts
2024	0.10	0.10
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

special payouts not included in total or ratios

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%)

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.

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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	10.30	4.81	1.92	2.01	0.55	1.73	1.37	1.44	1.65	1.76	Analyst estimates 2026–2028 Powerpack
	High	17.00	21.99	11.06	4.68	2.56	4.16	4.95	2.65	2.80	4.51
People
People	Employees	103	198	323	285	228	239	328	378	285	318
	Revenue/emp, $m	0.58	0.69	0.66	0.82	0.54	0.53	0.78	0.78	1.09	1.04
Income, $m
Income, $m	Revenue	59	137	212	233	122	127	256	296	311	330
	Gross margin, %	55.14	26.90	32.65	34.78	14.81	(12.56)	11.57	14.04	14.40	11.48
	EBT	20	19	26	39	25	(60)	(4)	(2)	0	(6)
	EBT margin, %	33.38	13.64	12.05	16.92	20.41	(47.13)	(1.53)	(0.76)	0.08	(1.69)
	Net income	10	22	20	32	38	(51)	(1)	5	3	1
	Depreciation	7	8	37	44	28	29	28	29	30	30
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
	Earnings	0.43	0.54	0.46	0.79	0.94	(1.21)	(0.02)	0.12	0.08	0.03
	Cash flow	1.10	0.39	1.26	1.11	0.63	0.78	0.13	0.80	0.46	1.13
	Capex	(0.10)	(1.27)	(2.38)	(0.63)	(0.21)	(0.27)	(0.27)	(0.59)	(0.18)	(0.28)
	Free cash flow	1.00	(0.88)	(1.12)	0.48	0.42	0.51	(0.15)	0.21	0.28	0.85
	Book value	5.86	4.73	5.18	6.12	7.17	5.77	5.74	6.22	6.28	6.14
	Shares, m	24	40	40	40	40	42	42	39	39	39
Valuation, ×
Valuation, ×	P/E	54.79	16.98	4.47	3.19	1.80	0.00	0.00	14.79	27.47	100.00
	P/S	6.91	2.64	0.42	0.43	0.57	0.59	0.29	0.27	0.28	0.47
	P/B	2.87	1.90	0.43	0.41	0.24	0.31	0.30	0.33	0.36	0.65
	EV/Sales	6.12	2.38	0.64	0.57	0.71	0.56	0.33	0.32	0.32	0.44
	EV/FCF	14.96	(9.20)	(3.02)	6.92	5.12	3.35	(13.37)	11.58	9.00	4.41
Cash, $m
Cash, $m	Operating cash flow	27	16	51	45	26	32	5	31	18	44
	Capex	(2)	(51)	(96)	(25)	(9)	(11)	(12)	(23)	(7)	(11)
	Free cash flow	24	(36)	(45)	19	17	21	(6)	8	11	33
Balance, $m
Balance, $m	Working capital	51	39	25	52	75	25	16	7	32	38
	Total debt	2	1	49	34	29	22	16	19	13	13
	Net debt	(46)	(34)	47	32	18	(3)	10	13	11	(10)
	Shareholders’ equity	142	190	209	246	289	241	243	242	244	240
Returns, %
Returns, %	ROA	6.78	10.24	7.09	9.25	9.60	(12.64)	(0.19)	1.32	0.87	0.39
	ROIC	13.18	7.51	6.74	9.80	(2.65)	(16.67)	(0.77)	(0.37)	0.74	(1.21)
	ROE	14.20	12.95	10.07	13.90	14.21	(19.12)	(0.29)	1.91	1.23	0.56

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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.	$494.7M	— (loss-making)	18.5×	−5.29% (below 0%: shrinking)	+100.00% (above 0%: growing)	−124.96% (below 0%: shrinking)	24.71%	7.48%	Compare
CLB Core Laboratories Inc.	$466.2M	19.4×	28.1×	−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.	$428.0M	20.3×	19.4×	+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.	$361.8M	24.9×	9.2×	+25.53% (above 0%: growing)	−12.12% (below 0%: shrinking)	+33.55% (above 0%: growing)	19.15%	6.69%	Compare
SND Smart Sand	$224.7M	19.5×	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.	$183.4M	—	—	—	—	+204.37% (above 0%: growing)	—	—	Compare
KLXE KLX Energy Services Holdings, Inc.	$133.2M	— (loss-making)	— (loss-making)	+5.22% (above 0%: growing)	n/m	−48.75% (below 0%: shrinking)	21.76%	1.26%	Compare
DWSN Dawson Geophysical Company	$80.4M	21.1×	— (loss-making)	+81.83% (above 0%: growing)	n/m	−56.16% (below 0%: shrinking)	14.56%	(16.91%)	Compare
LSE Leishen Energy Holding Co., Ltd.	$80.0M	—	—	—	—	−89.33% (below 0%: shrinking)	—	—	Compare
Median of peers	$272.6M	20.7×	19.0×	+14.72%	−20.35%	−52.45%	20.46%	7.02%

All 46 Oil & Gas Equipment & Services stocks →

Smart Sand (SND) key facts

Strength: Smart Sand’s revenue for fiscal 2025 (year ended December 2025) was $330.2 million, up 6.03% from fiscal 2024.
Smart Sand (SND) is an Oil & Gas Equipment & Services company in the Energy sector, listed on Nasdaq.
As of October 9, 2026, SND traded at $5.28, a market capitalization of $224.7 million.
Return on equity was 0.56% and debt-to-equity 0.06.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 2.28 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.