📊 SND Key Takeaways
Is Smart Sand, Inc. (SND) a Good Investment?
Smart Sand's core operations are unprofitable with negative operating margins (-1.4%), and the company has experienced severe earnings deterioration with a 55% decline in net income and 62.5% decline in diluted EPS year-over-year. While the strong balance sheet and positive free cash flow of $32.5M provide near-term financial cushion, the collapsing profitability and abysmal returns on capital (ROE 0.6%, ROA 0.4%) indicate fundamental operational deterioration in the core business.
Why Buy Smart Sand, Inc. Stock? SND Key Strengths
- Strong free cash flow generation of $32.5M with 9.9% FCF margin, indicating the business generates cash despite profitability challenges
- Excellent balance sheet with minimal leverage (0.06x debt/equity ratio), substantial equity base of $239.7M, and solid liquidity (1.76x current ratio)
- Modest revenue growth of 6.0% year-over-year shows some market demand and top-line momentum
SND Stock Risks: Smart Sand, Inc. Investment Risks
- Negative operating margin (-1.4%) indicates core operations are not covering operating expenses; the business is operationally unprofitable
- Severe profitability collapse with 55% YoY decline in net income and 62.5% decline in diluted EPS, demonstrating rapid deterioration in earnings power
- Critically poor returns on capital (ROE 0.6%, ROA 0.4%) and razor-thin net margin (0.4%) suggest the company cannot efficiently deploy its $340M asset base
- Thin gross margin of 11.5% in commodity mining business indicates limited pricing power and vulnerability to cost pressures
Key Metrics to Watch
- Operating margin trajectory - critical to assess whether core operations can return to profitability
- Return on equity and return on assets improvement - need substantial recovery from current depressed levels
- Free cash flow sustainability relative to operating income - verify FCF is not being driven by working capital swings
Smart Sand, Inc. (SND) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Smart Sand, Inc. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.
SND Profit Margin, ROE & Profitability Analysis
SND vs Materials Sector: How Smart Sand, Inc. Compares
How Smart Sand, Inc. compares to Materials sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Smart Sand, Inc. Stock Overvalued? SND Valuation Analysis 2026
Based on fundamental analysis, Smart Sand, Inc. has mixed fundamental signals relative to the Materials sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Smart Sand, Inc. Balance Sheet: SND Debt, Cash & Liquidity
SND Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Smart Sand, Inc.'s revenue has grown significantly by 27% over the 5-year period, indicating strong business expansion. The most recent EPS of $0.12 reflects profitable operations.
SND Revenue Growth, EPS Growth & YoY Performance
SND Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $63.2M | -$98.0K | $0.00 |
| Q2 2025 | $73.8M | -$216.0K | $-0.01 |
| Q1 2025 | $65.6M | -$216.0K | $-0.01 |
| Q3 2024 | $63.2M | -$98.0K | $0.00 |
| Q2 2024 | $73.8M | -$216.0K | $-0.01 |
| Q1 2024 | $82.4M | -$216.0K | $-0.01 |
| Q3 2023 | $71.6M | -$90.0K | $0.06 |
| Q2 2023 | $68.7M | -$90.0K | $0.00 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Smart Sand, Inc. Dividends, Buybacks & Capital Allocation
SND SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Smart Sand, Inc. (CIK: 0001529628)
📋 Recent SEC Filings
❓ Frequently Asked Questions about SND
What is the AI rating for SND?
Smart Sand, Inc. (SND) has an AI rating of SELL with 60% confidence, based on fundamental analysis of SEC EDGAR filings.
What are SND's key strengths?
Claude: Strong free cash flow generation of $32.5M with 9.9% FCF margin, indicating the business generates cash despite profitability challenges. Excellent balance sheet with minimal leverage (0.06x debt/equity ratio), substantial equity base of $239.7M, and solid liquidity (1.76x current ratio).
What are the risks of investing in SND?
Claude: Negative operating margin (-1.4%) indicates core operations are not covering operating expenses; the business is operationally unprofitable. Severe profitability collapse with 55% YoY decline in net income and 62.5% decline in diluted EPS, demonstrating rapid deterioration in earnings power.
What is SND's revenue and growth?
Smart Sand, Inc. reported revenue of $330.2M.
Does SND pay dividends?
Smart Sand, Inc. pays dividends, with $5.9M distributed to shareholders in the trailing twelve months.
Where can I find SND SEC filings?
Official SEC filings for Smart Sand, Inc. (CIK: 0001529628) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is SND's EPS?
Smart Sand, Inc. has a diluted EPS of $0.03.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is SND a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Smart Sand, Inc. has a SELL rating with 60% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is SND stock overvalued or undervalued?
Valuation metrics for SND: ROE of 0.6% (sector avg: 14%), net margin of 0.4% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.
Should I buy SND stock in 2026?
Our dual AI analysis gives Smart Sand, Inc. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is SND's free cash flow?
Smart Sand, Inc.'s operating cash flow is $44.1M, with capital expenditures of $11.6M. FCF margin is 9.9%.
How does SND compare to other Materials stocks?
Vs Materials sector averages: Net margin 0.4% (avg: 10%), ROE 0.6% (avg: 14%), current ratio 1.76 (avg: 1.6).