Smart Sand, Inc. (SND) Key Metrics
SND valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $215.0M
- Enterprise value
- $248.1M
- P/E (TTM)
- 19.5 10-yr median 16.2
- Forward P/E
- 48.1
- PEG ratio
- 0.86
- Price / sales
- 0.6 10-yr median 0.5
- Price / book
- 0.9 10-yr median 0.4
- EV / EBITDA
- 6.3 10-yr median 4.1
- Dividend yield
- —
- Beta
- 0.36
SND key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsSND valuation Price multiples at each fiscal year-end price.
SND returns How much profit the business earns on the capital it uses.
SND per-share figures Results divided by the shares outstanding at year-end.
SND financial health Debt, liquidity and how easily interest is covered.
SND efficiency & capital use Working capital cycle and where the cash goes.
SND valuation history
SND returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
SND debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
SND cash returned to shareholders
SND price vs earnings per share
SND key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $158.4M | $87.9M | $75.4M | $75.9M | $74.4M | $69.2M | $101.6M | $89.8M | $349.0M | $406.8M |
| Enterprise value | $172.0M | $123.6M | $113.0M | $114.9M | $104.0M | $121.0M | $162.0M | $137.1M | $315.2M | $362.0M |
| P/E ratio | 117.7 | 29.4 | 16.2 | — | — | 1.8 | 3.2 | 4.8 | 16.2 | 39.2 |
| Price / sales | 0.5 | 0.3 | 0.3 | 0.3 | 0.6 | 0.6 | 0.4 | 0.4 | 2.5 | 6.9 |
| Price / book | 0.7 | 0.4 | 0.3 | 0.3 | 0.3 | 0.2 | 0.4 | 0.4 | 1.8 | 2.9 |
| Price / free cash flow | 4.9 | 8.1 | 9.5 | — | 3.5 | 4.1 | 5.3 | — | — | 16.8 |
| Price / operating cash flow | 3.6 | 4.9 | 2.4 | 14.0 | 2.3 | 2.7 | 2.3 | 1.8 | 22.3 | 15.2 |
| EV / sales | 0.5 | 0.4 | 0.4 | 0.4 | 0.8 | 1.0 | 0.7 | 0.6 | 2.3 | 6.1 |
| EV / EBITDA | 6.6 | 3.9 | 4.1 | 4.6 | — | 2.4 | 2.3 | 3.1 | 11.6 | 13.5 |
| EV / free cash flow | 5.3 | 11.4 | 14.2 | — | 4.9 | 7.1 | 8.5 | — | — | 15.0 |
| Earnings yield | 0.8% | 3.4% | 6.2% | −0.9% | −68.1% | 54.8% | 31.1% | 20.8% | 6.2% | 2.6% |
| Free cash flow yield | 20.5% | 12.3% | 10.6% | −9.6% | 28.5% | 24.4% | 18.8% | −50.3% | −10.2% | 5.9% |
| Dividend yield | 3.8% | 4.4% | 10.4% | 0.0% | — | 10.0% | 82.6% | 93.5% | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 5.5% | 4.9% | 16.7% | 0.7% | 0.5% | 11.7% | 82.7% | 96.0% | 0.0% | 10.0% |
| Share price at fiscal year-end | $4.00 | $2.25 | $1.93 | $1.79 | $1.78 | $1.72 | $2.52 | $2.22 | $8.66 | $16.55 |
| Per share | ||||||||||
| Revenue per share | $8.34 | $7.97 | $7.58 | $6.03 | $3.03 | $3.04 | $5.78 | $5.25 | $3.40 | $2.41 |
| Earnings per share | $0.03 | $0.08 | $0.12 | −$0.02 | −$1.21 | $0.94 | $0.78 | $0.46 | $0.53 | $0.42 |
| Operating cash flow per share | $1.11 | $0.46 | $0.79 | $0.13 | $0.78 | $0.63 | $1.11 | $1.26 | $0.39 | $1.09 |
| Free cash flow per share | $0.82 | $0.28 | $0.20 | −$0.17 | $0.51 | $0.42 | $0.47 | −$1.12 | −$0.88 | $0.98 |
| Cash per share | $0.57 | $0.04 | $0.16 | $0.13 | $0.61 | $0.29 | $0.07 | $0.04 | $0.86 | $1.89 |
| Book value per share | $6.05 | $6.24 | $6.20 | $5.74 | $5.77 | $7.17 | $6.05 | $5.18 | $4.71 | $5.80 |
| Tangible book value per share | $5.95 | $6.11 | $6.05 | $5.58 | $5.59 | $6.97 | $5.83 | $4.73 | $4.71 | $5.80 |
| Dividends per share | $0.15 | $0.10 | $0.20 | $0.00 | — | $0.17 | $2.08 | $2.08 | $0.00 | $0.00 |
| Capex per share | $0.29 | $0.18 | $0.59 | $0.30 | $0.27 | $0.21 | $0.63 | $2.38 | $1.27 | $0.10 |
| Debt per share | $0.91 | $0.95 | $1.12 | $1.05 | $1.32 | $1.58 | $1.56 | $1.20 | $0.02 | $0.07 |
| Shares outstanding | 39.6M | 39.1M | 39.0M | 42.4M | 41.8M | 40.3M | 40.3M | 40.4M | 40.3M | 24.6M |
| Change in shares outstanding | +1.3% | +0.1% | −7.9% | +1.5% | +3.8% | −0.2% | −0.3% | +0.4% | +64.0% | −28.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 0.6% | 1.2% | 1.9% | −0.3% | −19.1% | 14.2% | 13.9% | 9.4% | 12.9% | 14.2% |
| Return on invested capital (ROIC) | −1.5% | 1.1% | −0.4% | −0.9% | −16.4% | −4.0% | 12.4% | 9.8% | 14.7% | 13.0% |
| Return on assets (ROA) | 0.4% | 0.9% | 1.3% | −0.2% | −12.6% | 9.6% | 9.3% | 6.6% | 10.2% | 6.8% |
| Return on tangible assets | 0.4% | 0.9% | 1.4% | −0.2% | −13.8% | 9.0% | 9.0% | 6.2% | 8.7% | 6.0% |
| Free cash flow margin | 9.9% | 3.5% | 2.7% | −2.9% | 16.8% | 13.8% | 8.2% | −21.3% | −25.9% | 40.8% |
| Income quality (OCF / net income) | 32.80 | 5.97 | 6.67 | — | — | 0.67 | 1.41 | 2.72 | 0.73 | 2.57 |
| Financial health | ||||||||||
| Total debt | $36.2M | $37.2M | $43.8M | $44.5M | $55.2M | $63.4M | $63.0M | $48.7M | $860,000 | $1.8M |
| Cash & short-term investments | $22.6M | $1.6M | $6.1M | $5.5M | $25.6M | $11.7M | $2.6M | $1.5M | $34.7M | $46.6M |
| Net debt | $13.6M | $35.7M | $37.7M | $39.0M | $29.6M | $51.7M | $60.4M | $47.3M | −$33.9M | −$44.7M |
| Debt / equity | 0.15 | 0.15 | 0.18 | 0.18 | 0.23 | 0.22 | 0.26 | 0.23 | 0.00 | 0.01 |
| Debt / assets | 0.11 | 0.11 | 0.13 | 0.12 | 0.15 | 0.15 | 0.17 | 0.15 | 0.00 | 0.01 |
| Net debt / EBITDA | 0.53 | 1.12 | 1.38 | 1.56 | — | 1.03 | 0.85 | 1.07 | −1.25 | −1.67 |
| Current ratio | 1.76 | 1.75 | 1.14 | 1.31 | 1.52 | 3.01 | 2.26 | 2.03 | 2.10 | 4.74 |
| Quick ratio | 1.14 | 1.17 | 0.64 | 0.92 | 1.21 | 2.49 | 1.72 | 1.28 | 1.84 | 3.98 |
| Interest coverage | -3.4 | 1.7 | -1.2 | -1.9 | -32.1 | -6.2 | 12.0 | 11.4 | 41.6 | 2.4 |
| Working capital | $38.2M | $32.3M | $7.4M | $16.2M | $25.3M | $74.8M | $50.4M | $25.4M | $38.2M | $51.3M |
| Invested capital | $253.3M | $279.5M | $279.9M | $282.5M | $270.8M | $340.5M | $304.5M | $256.6M | $156.1M | $97.7M |
| Tangible asset value | $235.4M | $238.7M | $236.4M | $236.8M | $233.7M | $280.6M | $235.1M | $191.3M | $190.0M | $142.4M |
| Net current asset value | −$12.2M | −$22.2M | −$42.1M | −$48.4M | −$59.0M | −$26.8M | −$27.1M | −$60.8M | $16.0M | $34.0M |
| Graham number | $2.15 | $3.28 | $4.08 | — | — | $12.34 | $10.33 | $7.34 | $7.53 | $7.42 |
| Graham net-net per share | −$0.99 | −$1.24 | −$1.65 | −$1.70 | −$2.04 | −$1.62 | −$1.40 | −$1.98 | $0.02 | $1.02 |
| Capital allocation | ||||||||||
| Dividends paid | $5.9M | $3.9M | $7.9M | $0 | — | $7.0M | $84.0M | $84.0M | $0 | $4,000 |
| Share buybacks (net) | $2.7M | $422,000 | $4.8M | $540,000 | $402,000 | $1.2M | $140,000 | $2.2M | $127,000 | $40.7M |
| Dividend payout ratio | 442.2% | 130.4% | 169.2% | — | — | 18.3% | 265.5% | 449.5% | 0.0% | 0.0% |
| Dividends + buybacks / free cash flow | 26.7% | 39.8% | 158.6% | — | 1.9% | 47.9% | 440.1% | — | — | 168.5% |
| Capex / revenue | 3.5% | 2.3% | 7.8% | 5.0% | 8.9% | 7.0% | 11.0% | 45.2% | 37.3% | 4.3% |
| Capex / operating cash flow | 26.3% | 39.2% | 74.3% | 234.9% | 34.6% | 33.7% | 57.2% | 188.7% | 327.4% | 9.4% |
| Capex / depreciation | 0.39 | 0.24 | 0.81 | 0.47 | 0.43 | 0.38 | 0.92 | 5.29 | 6.45 | 6.56 |
| Stock-based compensation / revenue | 1.1% | 1.0% | 1.2% | 1.3% | 2.5% | 3.2% | 1.3% | 1.4% | 1.5% | 2.4% |
| R&D / revenue | — | — | 0.3% | 0.3% | 0.6% | — | — | — | — | — |
| SG&A / revenue | 12.3% | 12.3% | 13.1% | 12.0% | 29.0% | 20.9% | 9.8% | 11.2% | 12.9% | 20.1% |
| Efficiency | ||||||||||
| Days sales outstanding | 42.9 | 43.2 | 40.0 | 41.2 | 128.6 | 199.2 | 70.9 | 44.1 | 40.3 | 36.3 |
| Days of inventory on hand | 34.8 | 35.5 | 33.7 | 28.4 | 43.7 | 71.0 | 48.0 | 34.8 | 35.4 | 99.8 |
| Days payables outstanding | 16.4 | 22.6 | 21.9 | 18.5 | 15.0 | 12.7 | 18.4 | 47.2 | 50.6 | 19.5 |
| Cash conversion cycle (days) | 61.3 | 56.1 | 51.9 | 51.1 | 157.2 | 257.6 | 100.5 | 31.8 | 25.1 | 116.6 |
| Receivables turnover | 8.52 | 8.46 | 9.12 | 8.87 | 2.84 | 1.83 | 5.15 | 8.27 | 9.05 | 10.05 |
| Payables turnover | 22.31 | 16.14 | 16.70 | 19.74 | 24.27 | 28.83 | 19.88 | 7.74 | 7.22 | 18.76 |
| Inventory turnover | 10.50 | 10.28 | 10.82 | 12.85 | 8.35 | 5.14 | 7.60 | 10.47 | 10.32 | 3.66 |
| Asset turnover | 0.97 | 0.91 | 0.84 | 0.70 | 0.32 | 0.31 | 0.68 | 0.75 | 0.65 | 0.39 |
| Average receivables | $38.8M | $36.8M | $32.5M | $28.8M | $44.6M | $66.8M | $45.3M | $25.7M | $15.2M | $5.9M |
| Average payables | $13.2M | $16.5M | $15.2M | $11.5M | $5.9M | $3.6M | $7.6M | $18.7M | $13.9M | $1.4M |
| Average inventory | $28.1M | $25.9M | $23.5M | $17.6M | $17.1M | $20.3M | $20.0M | $13.8M | $9.7M | $7.3M |
| Intangibles / total assets | 1.3% | 1.5% | 1.7% | 1.9% | 2.0% | 1.9% | 2.5% | 5.6% | 0.0% | 0.0% |
Computed from SND's annual financial statements (latest annual report filed February 26, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
SND valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Smart Sand traded at 117.7 times earnings, against a 10-year median of 16.2. Based on the latest twelve months, the trailing P/E is 19.5 and the forward P/E is 48.1. Smart Sand earned a return on equity of 0.6% and a return on invested capital of −1.5% in fiscal 2025. It ended the year with $36.2 million of debt and $22.6 million in cash and short-term investments, net debt of $13.6 million. It returned $8.7 million to shareholders: $5.9 million in dividends and $2.7 million in share buybacks, 27% of free cash flow. The share count rose 61.1% from 24.6M to 39.6M over 9 years.
See the SND income statement, the SND chart for price history, or the SND stock overview for the latest quote and news.
SND key metrics FAQ
What is Smart Sand's P/E ratio?
Smart Sand's trailing P/E ratio is 19.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 48.1. At the end of fiscal 2025 it was 117.7, compared with a 10-year median of 16.2.
What is Smart Sand's EV/EBITDA?
Smart Sand's enterprise value was 6.6 times EBITDA at the end of fiscal 2025 (enterprise value $172.0 million, EBITDA $25.9 million); the current EV/EBITDA is 6.3.
What is Smart Sand's return on equity?
Smart Sand's return on equity (ROE) was 0.6% in fiscal 2025: net income of $1.3 million on average shareholders' equity of $241.8 million.
What is Smart Sand's ROIC?
Smart Sand's return on invested capital was −1.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Smart Sand have?
Smart Sand had total debt of $36.2 million at the end of fiscal 2025, a debt-to-equity ratio of 0.15 and $13.6 million of net debt (0.53 times EBITDA).
What is Smart Sand's dividend yield?
Smart Sand paid $5.9 million in dividends in fiscal 2025 ($0.15 per share), a payout ratio of 442.2%.
Does Smart Sand buy back its shares?
Yes. Smart Sand spent $2.7 million on net share repurchases in fiscal 2025 Shares outstanding changed +1.3% over the year, to 39.6M..
What is Smart Sand's free cash flow yield?
Smart Sand generated $32.5 million of free cash flow in fiscal 2025, a free cash flow yield of 20.5% on its market value at year-end ($158.4 million).
What is Smart Sand's current ratio?
Smart Sand's current ratio was 1.76 at the end of fiscal 2025: current assets were 1.76 times current liabilities.