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SND · Nasdaq · United States · Mining & Quarrying Of Nonmetallic Minerals (No Fuels)
In shortSmart Sand, Inc. is profitable, generates cash and holds more cash than debt, with revenue growing (+6.0% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | -1.4% | 12/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 0.4% | 22/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 0.6% | 3/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | -1.4% | 0/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.76× | 80/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.05× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | – | n/a |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 3.81 | 69/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 9.9% | 59/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 24.18× | 100/100 |
| Years with positive free cash flow (last 5) | 4 of 5 | 75/100 |
Weight in the score: 20%
| Profitable years (last 5) | 3 of 5 | 60/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 42.4% | 0/100 |
| Operating margin volatility | 22.2% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 8.9% | 66/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 127 | 256 | 296 | 311 | 330 |
| Cost of revenue | 140 | 226 | 254 | 267 | 292 |
| Gross profit | (16) | 30 | 42 | 45 | 38 |
| Selling, general & admin | 14 | 31 | 39 | 38 | 41 |
| Operating income | (63) | (3.1) | (1.5) | 3 | (4.5) |
| Pre-tax income | (60) | (3.9) | (2.3) | 0.3 | (5.6) |
| Income tax | (9) | (3.2) | (6.9) | (2.7) | (6.9) |
| Net income | (51) | (0.7) | 4.6 | 3 | 1.3 |
| Diluted EPS | −$1.21 | −$0.02 | $0.12 | $0.08 | $0.03 |
| Diluted shares (millions) | 42 | 42 | 39 | 39 | 40 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
3.81 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 11, 2026