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Stocks · Materials · Mining & Quarrying of Nonmetallic Minerals (No Fuels)

Smart Sand, Inc.

SND Clue Score55
United States Fiscal year ends December CIK 0001529628
$5.28 -0.38% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $5.28 +102.30% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 4 Nov 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue0.1Operating income20.4Net income10.4EPS, diluted0.42Fiscal year 2017Revenue137.2 +232,462.7%Operating income18.7Net income21.5 +107.4%EPS, diluted0.53Fiscal year 2018Revenue212.5 +54.8%Operating income27.7Net income20.1 −6.6%EPS, diluted0.50Fiscal year 2019Revenue233.1 +9.7%Operating income43.5Net income31.6 +57.3%EPS, diluted0.78Fiscal year 2020Revenue122.3 −47.5%Operating income−13.0Net income38.0 +20.0%EPS, diluted0.94Fiscal year 2021Revenue126.6 +3.5%Operating income−63.5Net income−50.7 −233.5%EPS, diluted−1.21Fiscal year 2022Revenue255.7 +101.9%Operating income−3.1Net income−0.7EPS, diluted−0.02Fiscal year 2023Revenue296.0 +15.7%Operating income−1.5Net income4.6EPS, diluted0.12Fiscal year 2024Revenue311.4 +5.2%Operating income3.0Net income3.0 −35.6%EPS, diluted0.08Fiscal year 2025Revenue330.2 +6.0%Operating income−4.5Net income1.3 −55.0%EPS, diluted0.03
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 0.1 137.2 212.5 233.1 122.3 126.6 255.7 296.0 311.4 330.2
Growth +232,462.7% +54.8% +9.7% −47.5% +3.5% +101.9% +15.7% +5.2% +6.0%
Operating income 20.4 18.7 27.7 43.5 −13.0 −63.5 −3.1 −1.5 3.0 −4.5
Net income 10.4 21.5 20.1 31.6 38.0 −50.7 −0.7 4.6 3.0 1.3
Growth +107.4% −6.6% +57.3% +20.0% −233.5% −35.6% −55.0%
EPS, diluted 0.42 0.53 0.50 0.78 0.94 −1.21 −0.02 0.12 0.08 0.03

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin55,359.3%Operating margin34,561.0%Net margin17,591.5%Free cash flow margin40,989.8%Fiscal year 2017Gross margin26.9%Operating margin13.6%Net margin15.7%Free cash flow margin−25.9%Fiscal year 2018Gross margin32.6%Operating margin13.0%Net margin9.5%Free cash flow margin−21.3%Fiscal year 2019Gross margin34.8%Operating margin18.7%Net margin13.6%Free cash flow margin8.2%Fiscal year 2020Gross margin14.8%Operating margin−10.6%Net margin31.0%Free cash flow margin13.8%Fiscal year 2021Gross margin−12.6%Operating margin−50.1%Net margin−40.0%Free cash flow margin16.8%Fiscal year 2022Gross margin11.6%Operating margin−1.2%Net margin−0.3%Free cash flow margin−2.9%Fiscal year 2023Gross margin14.0%Operating margin−0.5%Net margin1.6%Free cash flow margin2.7%Fiscal year 2024Gross margin14.4%Operating margin1.0%Net margin1.0%Free cash flow margin3.5%Fiscal year 2025Gross margin11.5%Operating margin−1.4%Net margin0.4%Free cash flow margin9.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 55,359.3% 26.9% 32.6% 34.8% 14.8% −12.6% 11.6% 14.0% 14.4% 11.5%
Operating margin 34,561.0% 13.6% 13.0% 18.7% −10.6% −50.1% −1.2% −0.5% 1.0% −1.4%
Net margin 17,591.5% 15.7% 9.5% 13.6% 31.0% −40.0% −0.3% 1.6% 1.0% 0.4%
Free cash flow margin 40,989.8% −25.9% −21.3% 8.2% 13.8% 16.8% −2.9% 2.7% 3.5% 9.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow26.7Capital expenditure−2.5Free cash flow24.2Buybacks−0.4Fiscal year 2017Operating cash flow15.6Capital expenditure−51.2Free cash flow−35.5 −246.9%Buybacks−0.1Fiscal year 2018Operating cash flow50.9Capital expenditure−96.1Free cash flow−45.2Buybacks−2.2Fiscal year 2019Operating cash flow44.6Capital expenditure−25.5Free cash flow19.1Buybacks−0.1Fiscal year 2020Operating cash flow25.5Capital expenditure−8.6Free cash flow16.9 −11.4%Buybacks−1.2Fiscal year 2021Operating cash flow32.4Capital expenditure−11.2Free cash flow21.2 +25.4%Buybacks−0.4Fiscal year 2022Operating cash flow5.4Capital expenditure−12.7Free cash flow−7.3 −134.5%Buybacks−0.5Dividends paid0.0Fiscal year 2023Operating cash flow31.0Capital expenditure−23.0Free cash flow8.0Buybacks0.0Dividends paid0.0Fiscal year 2024Operating cash flow17.9Capital expenditure−7.0Free cash flow10.9 +36.4%Buybacks−0.4Dividends paid−3.9Fiscal year 2025Operating cash flow44.1Capital expenditure−11.6Free cash flow32.5 +199.6%Buybacks−0.6Dividends paid−5.9
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 26.7 15.6 50.9 44.6 25.5 32.4 5.4 31.0 17.9 44.1
Capital expenditure −2.5 −51.2 −96.1 −25.5 −8.6 −11.2 −12.7 −23.0 −7.0 −11.6
Free cash flow 24.2 −35.5 −45.2 19.1 16.9 21.2 −7.3 8.0 10.9 32.5
Growth −246.9% −11.4% +25.4% −134.5% +36.4% +199.6%
Buybacks −0.4 −0.1 −2.2 −0.1 −1.2 −0.4 −0.5 0.0 −0.4 −0.6
Dividends paid n/a n/a n/a n/a n/a n/a 0.0 0.0 −3.9 −5.9

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash46.6Total debt0.6Net cash (debt)46.0Shareholders’ equity142.4Debt to equity0.00Fiscal year 2017Cash34.7Total debt0.9Net cash (debt)33.9Shareholders’ equity190.0Debt to equity0.00Fiscal year 2018Cash1.5Total debt48.7Net cash (debt)−47.3Shareholders’ equity210.8Debt to equity0.23Fiscal year 2019Cash2.6Total debt34.4Net cash (debt)−31.8Shareholders’ equity245.6Debt to equity0.14Fiscal year 2020Cash11.7Total debt29.3Net cash (debt)−17.6Shareholders’ equity288.8Debt to equity0.10Fiscal year 2021Cash25.6Total debt22.5Net cash (debt)3.1Shareholders’ equity241.2Debt to equity0.09Fiscal year 2022Cash5.5Total debt16.0Net cash (debt)−10.5Shareholders’ equity243.5Debt to equity0.07Fiscal year 2023Cash6.1Total debt19.2Net cash (debt)−13.1Shareholders’ equity242.3Debt to equity0.08Fiscal year 2024Cash1.6Total debt12.7Net cash (debt)−11.1Shareholders’ equity243.8Debt to equity0.05Fiscal year 2025Cash22.6Total debt13.0Net cash (debt)9.5Shareholders’ equity239.7Debt to equity0.05
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 46.6 34.7 1.5 2.6 11.7 25.6 5.5 6.1 1.6 22.6
Total debt 0.6 0.9 48.7 34.4 29.3 22.5 16.0 19.2 12.7 13.0
Net cash (debt) 46.0 33.9 −47.3 −31.8 −17.6 3.1 −10.5 −13.1 −11.1 9.5
Shareholders’ equity 142.4 190.0 210.8 245.6 288.8 241.2 243.5 242.3 243.8 239.7
Debt to equity 0.00 0.00 0.23 0.14 0.10 0.09 0.07 0.08 0.05 0.05

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017† 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
0.1 137.2 212.5 233.1 122.3 126.6 255.7 296.0 311.4 330.2
Growth +232,462.7% +54.8% +9.7% −47.5% +3.5% +101.9% +15.7% +5.2% +6.0%
n/a 100.3 143.1 152.0 104.2 140.4 226.1 254.4 266.5 292.3
32.7 36.9 69.4 81.1 18.1 −15.9 29.6 41.6 44.8 37.9
Growth +13.0% +87.9% +16.8% −77.6% −187.8% +40.4% +7.9% −15.5%
4.5 9.5 12.8 11.3 15.5 14.2 30.8 38.7 38.2 40.5
20.4 18.7 27.7 43.5 −13.0 −63.5 −3.1 −1.5 3.0 −4.5
Growth −8.3% +48.0% +57.1% −129.9% −248.5%
19.8 18.7 25.6 39.4 25.0 −59.7 −3.9 −2.3 0.3 −5.6
9.4 −2.8 5.5 7.8 −13.0 −9.0 −3.2 −6.9 −2.7 −6.9
10.4 21.5 20.1 31.6 38.0 −50.7 −0.7 4.6 3.0 1.3
Growth +107.4% −6.6% +57.3% +20.0% −233.5% −35.6% −55.0%
Per share
0.43 0.54 0.50 0.79 0.94 −1.21 −0.02 0.12 0.08 0.03
0.42 0.53 0.50 0.78 0.94 −1.21 −0.02 0.12 0.08 0.03
Growth +26.2% −5.7% +56.0% +20.5% −228.7% −33.3% −62.5%
24.3 40.2 40.4 40.1 40.3 41.8 42.4 38.9 38.8 39.0
24.6 40.3 40.4 40.3 40.3 41.8 42.4 39.0 39.1 39.6
Growth +64.0% +0.4% −0.3% −0.2% +3.8% +1.5% −7.9% +0.1% +1.3%

† The diluted share count jumps at 2017, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 22.0% a year over five years.
  • Operating margin is up 9.3 points on five years ago, at -1.4%.
  • A net loss in 2 of 10 years on file.