Sunday 11 October 2026
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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. 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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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
54.79 | 16.98 | 4.47 | 3.19 | 1.80 | 0.00 | 0.00 | 14.79 | 27.47 | 100.00 |
Piotroski F-Score |
6 | 5 | 5 | 8 | 5 | 4 | 6 | 8 | 7 | 6 |
P/S ratio |
6.91 | 2.64 | 0.42 | 0.43 | 0.57 | 0.59 | 0.29 | 0.27 | 0.28 | 0.47 |
Altman Z-Score |
8.95 | 4.85 | 1.75 | 2.04 | 1.09 | 0.46 | 1.40 | 1.60 | 1.89 | 2.28 |
Altman Z″-Score (non-manufacturers) |
7.74 | 5.47 | 3.60 | 4.68 | 4.05 | 1.82 | 3.06 | 3.26 | 4.00 | 3.81 |
P/FCF ratio |
16.88 | 0.00 | 0.00 | 5.27 | 4.08 | 3.49 | 0.00 | 9.97 | 7.98 | 4.70 |
P/Operating CF |
21.99 | 51.19 | 5.22 | 23.50 | 20.88 | (14.56) | 13.05 | (30.32) | 84.37 | 6.98 |
Beneish M-Score |
(2.85) | (0.26) | 0.18 | (1.21) | (1.14) | — | (2.79) | (3.18) | (1.97) | (3.28) |
P/B ratio |
2.87 | 1.90 | 0.43 | 0.41 | 0.24 | 0.31 | 0.30 | 0.33 | 0.36 | 0.65 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 45 |
Price to Tangible BV |
2.87 | 1.90 | 0.47 | 0.43 | 0.25 | 0.32 | 0.31 | 0.34 | 0.37 | 0.66 |
EV/Sales |
6.12 | 2.38 | 0.64 | 0.57 | 0.71 | 0.56 | 0.33 | 0.32 | 0.32 | 0.44 |
EV/EBITDA |
13.28 | 12.06 | 2.12 | 1.52 | 5.67 | 0.00 | 3.41 | 3.46 | 2.99 | 5.67 |
EV/Operating CF |
13.57 | 20.90 | 2.67 | 2.98 | 3.40 | 2.20 | 15.39 | 3.02 | 5.51 | 3.32 |
EV/FCF |
14.96 | (9.20) | (3.02) | 6.92 | 5.12 | 3.35 | (13.37) | 11.58 | 9.00 | 4.41 |
Quick Ratio |
3.88 | 1.73 | 1.15 | 1.66 | 2.19 | 0.93 | 0.80 | 0.59 | 1.11 | 1.06 |
Current Ratio |
4.74 | 2.12 | 2.03 | 2.30 | 3.01 | 1.52 | 1.31 | 1.14 | 1.75 | 1.77 |
Net Debt/EBITDA |
(1.67) | (1.27) | 0.74 | 0.36 | 1.15 | 0.09 | 0.43 | 0.48 | 0.34 | (0.37) |
Debt/Assets |
1.05% | 0.35% | 15.21% | 9.47% | 6.86% | 6.01% | 4.44% | 5.53% | 3.71% | 3.83% |
Debt/Equity |
0.01 | 0.00 | 0.23 | 0.14 | 0.10 | 0.09 | 0.07 | 0.08 | 0.05 | 0.05 |
Asset Turnover |
0.39 | 0.65 | 0.75 | 0.68 | 0.31 | 0.32 | 0.70 | 0.84 | 0.91 | 0.97 |
Operating CF/Net income |
2.57 | 0.73 | 2.53 | 1.41 | 0.67 | (0.64) | (7.71) | 6.67 | 5.97 | 32.80 |
Capex/Depreciation |
(0.36) | (6.10) | (2.63) | (0.57) | (0.30) | (0.39) | (0.42) | (0.80) | (0.23) | (0.36) |
Interest Coverage |
2.42 | 41.57 | 12.21 | 12.01 | (6.23) | (32.08) | (1.95) | (1.18) | 1.70 | (3.04) |
| 14.20% | 12.95% | 10.07% | 13.90% | 14.21% | (19.12%) | (0.29%) | 1.91% | 1.23% | 0.56% | |
| 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%) |
Return on Tangible Assets |
6.68% | 10.23% | 7.34% | 11.19% | 10.86% | (17.61%) | (0.26%) | 1.77% | 1.11% | 0.51% |
Average Days of Receivables |
35.39 | 65.36 | 46.06 | 99.74 | 208.39 | 55.81 | 51.13 | 31.81 | 54.26 | 33.74 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
20.07% | 12.88% | 11.23% | 9.82% | 20.86% | 20.10% | 12.03% | 13.08% | 12.26% | 12.27% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.06 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 |
Share Based Compensation of Revenue |
2.41% | 1.47% | 1.42% | 1.27% | 3.16% | 2.52% | 1.25% | 1.19% | 1.04% | 1.13% |
Graham Net Nets |
0.08 | 0.05 | (0.68) | (0.25) | (0.39) | (0.79) | (0.66) | (0.52) | (0.25) | (0.08) |
Graham Number |
6.36 | 7.51 | 7.61 | 10.43 | 12.43 | 0.00 | 0.00 | 4.43 | 3.40 | 2.35 |
Earnings Yield |
1.83% | 5.89% | 22.37% | 31.35% | 55.69% | (67.42%) | (1.28%) | 6.76% | 3.64% | 1.00% |
Free Cash Flow Yield |
5.92% | (9.82%) | (50.32%) | 18.99% | 24.52% | 28.64% | (8.56%) | 10.03% | 12.53% | 21.29% |
Revenue per Share |
2.44 | 3.41 | 5.26 | 5.81 | 3.04 | 3.03 | 6.03 | 7.60 | 8.02 | 8.45 |
Operating CF per Share |
1.10 | 0.39 | 1.26 | 1.11 | 0.63 | 0.78 | 0.13 | 0.80 | 0.46 | 1.13 |
Capex per Share |
(0.10) | (1.27) | (2.38) | (0.63) | (0.21) | (0.27) | (0.27) | (0.59) | (0.18) | (0.28) |
Free Cash Flow per Share |
1.00 | (0.88) | (1.12) | 0.48 | 0.42 | 0.51 | (0.15) | 0.21 | 0.28 | 0.85 |
Cash per Share |
1.95 | 0.88 | 0.04 | 0.07 | 0.29 | 0.61 | 0.13 | 0.16 | 0.04 | 0.58 |
Shareholders Equity per Share |
5.86 | 4.73 | 5.18 | 6.12 | 7.17 | 5.77 | 5.74 | 6.22 | 6.28 | 6.14 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
5.86 | 4.73 | 5.18 | 6.12 | 7.17 | 5.77 | 5.74 | 6.22 | 6.28 | 6.14 |
Free Cash Flow |
24.23 | (35.52) | (45.16) | 19.21 | 16.98 | 21.30 | (6.24) | 8.09 | 10.94 | 33.26 |
Working Capital |
51.30 | 38.62 | 25.44 | 52.16 | 74.82 | 25.31 | 16.20 | 7.44 | 32.32 | 38.20 |
Capital Expenditures |
(2.47) | (51.15) | (96.07) | (25.42) | (8.56) | (11.14) | (11.66) | (22.90) | (6.92) | (10.85) |
Net Current Asset Value |
34.01 | 16.40 | (60.84) | (25.67) | (26.78) | (59.00) | (48.42) | (42.13) | (22.21) | (12.17) |
EV/EBIT |
17.77 | 17.46 | 4.92 | 3.06 | 0.00 | 0.00 | 0.00 | 0.00 | 32.77 | 0.00 |
Capex to Sales |
0.04 | 0.37 | 0.45 | 0.11 | 0.07 | 0.09 | 0.05 | 0.08 | 0.02 | 0.03 |
Price to Operating Income |
20.06 | 19.35 | 3.24 | 2.33 | 0.00 | 0.00 | 0.00 | 0.00 | 29.07 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.07 | 0.05 | 0.15 | 0.19 | 0.10 | 0.11 | 0.11 | 0.11 | 0.13 | 0.14 |
Cash ROIC |
12.64% | (15.71%) | (17.40%) | 6.80% | 5.15% | 7.36% | (2.36%) | 3.02% | 4.24% | 12.08% |
Accounts Receivable Turnover |
10.05 | 9.05 | 8.27 | 5.15 | 1.83 | 2.84 | 9.27 | 9.61 | 8.64 | 8.60 |
Accounts Payable Turnover |
18.76 | 7.22 | 7.64 | 19.88 | 28.83 | 24.27 | 19.74 | 16.70 | 16.14 | 22.13 |
Inventory Turnover |
3.46 | 10.09 | 10.18 | 7.60 | 5.14 | 8.35 | 12.85 | 10.82 | 10.28 | 10.41 |
Average Days of Payables |
22.85 | 95.06 | 28.91 | 9.51 | 11.45 | 21.71 | 23.30 | 23.01 | 23.26 | 11.77 |
Days of Inventory on Hand |
142.10 | 34.69 | 47.38 | 51.42 | 67.02 | 38.47 | 32.58 | 38.48 | 34.29 | 38.82 |
Average Receivables |
5.89 | 15.16 | 25.69 | 45.25 | 66.77 | 44.61 | 27.60 | 30.81 | 36.04 | 38.41 |
Average Payables |
1.42 | 13.89 | 18.73 | 7.65 | 3.61 | 5.87 | 11.46 | 15.24 | 16.51 | 13.21 |
Average Inventory |
7.68 | 9.94 | 14.05 | 20.00 | 20.28 | 17.08 | 17.60 | 23.50 | 25.93 | 28.06 |
Average Assets |
153.01 | 210.13 | 283.55 | 341.85 | 395.54 | 400.85 | 367.01 | 353.15 | 343.92 | 340.78 |
Average Common Equity |
73.09 | 166.23 | 199.69 | 227.46 | 267.18 | 264.98 | 242.32 | 242.87 | 243.04 | 241.75 |
Columns are period end dates