Smart Sand Inc (SND)
NASDAQ:SND
Want to see SND full AI Analyst Report?
Top Page
Smart Sand
(NASDAQ:SND)
Select Model
Select Model
Rating:61Neutral
Price Target:
$5.00
▲(70.65% Upside)
Action:Reiterated
Date:05/16/26
The score is driven primarily by improving fundamentals (revenue growth, low leverage, and solid recent free cash flow). It is held back by thin/uneven profitability and mixed near-term technical momentum, while valuation is penalized by the negative P/E. Corporate events modestly support the outlook via active buybacks and a special dividend.
Positive Factors
Revenue Growth
Sustained top-line growth since 2021 indicates the business has been able to expand volumes and/or pricing over multiple years. Durable revenue expansion supports scale economics, better utilization of plants and logistics, and provides a stronger base to fund reinvestment or returns over the next several quarters.
Negative Factors
Thin/Inconsistent Profitability
Persistently thin and variable margins mean profitability is sensitive to input costs, freight and pricing pressure. Even with recent recovery, inconsistent operating profit history implies limited structural pricing power and risk that margins compress again if costs rise or pricing weakens over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained top-line growth since 2021 indicates the business has been able to expand volumes and/or pricing over multiple years. Durable revenue expansion supports scale economics, better utilization of plants and logistics, and provides a stronger base to fund reinvestment or returns over the next several quarters.
Read all positive factors
Smart Sand (SND) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$209.77M
Dividend YieldN/A
Average Volume (3M)287.35K
Price to Earnings (P/E)―
Beta (1Y)0.46
Revenue Growth21.72%
EPS GrowthN/A
CountryUS
Employees285
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)0.56
Shares Outstanding42,985,680
10 Day Avg. Volume303,136
30 Day Avg. Volume287,354
Financial Highlights & Ratios
PEG Ratio-1.90
Price to Book (P/B)0.65
Price to Sales (P/S)0.47
P/FCF Ratio4.80
Enterprise Value/Market Cap1.09
Enterprise Value/Revenue0.64
Enterprise Value/Gross Profit5.73
Enterprise Value/Ebitda8.48
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Smart Sand Business Overview & Revenue Model
Company Description
Smart Sand, Inc., an integrated frac sand supply and services company, engages in the excavation, processing, and sale of sands or proppant for use in hydraulic fracturing operations in the oil and gas industry in the United States. It also provid...
How the Company Makes Money
Smart Sand makes money primarily by selling frac sand (proppant) used in hydraulic fracturing. Its core revenue stream is product sales under supply agreements and purchase orders with customers such as exploration and production companies and wel...
Smart Sand Earnings Call Summary
Earnings Call Date:Nov 12, 2024
(Q3-2024)
| % Change Since: |
Next Earnings Date:Aug 11, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mixed outlook. Positive aspects included a focus on free cash flow, shareholder returns, and strategic growth initiatives. However, challenges such as decreased sales volumes and revenue, alongside lower contribution margins and EBITDA, highlighted operational pressures. The company remains optimistic about future demand and pricing improvements, particularly in natural gas markets.Positive Updates
Positive Free Cash Flow
Smart Sand reported positive free cash flow of $3.7 million for the third quarter and $11.7 million year-to-date. The company remains cash flow positive for 2024.
Negative Updates
Decrease in Sales Volumes and Revenue
Third quarter sales volumes decreased by 7% from the second quarter, with total revenues dropping from $73.8 million to $63.2 million.
Read all updates
Q3-2024 Updates
Positive
Negative
Positive Free Cash Flow
Smart Sand reported positive free cash flow of $3.7 million for the third quarter and $11.7 million year-to-date. The company remains cash flow positive for 2024.
Read all positive updates
Company Guidance
During Smart Sand's Q3 2024 earnings call, the company provided several financial metrics and guidance reflecting its performance and strategic initiatives. The company reported sales volumes of just under 1.2 million tons and an adjusted EBITDA of $5.7 million for the quarter. Positive free cash flow was reported at $3.7 million, contributing to a year-to-date free cash flow of $11.7 million. Despite a 7% decrease from the previous quarter, total revenues were $63.2 million, with a contribution margin of $13.2 million or $11.09 per ton sold. Smart Sand also highlighted a decrease in capital expenditures, down to $5.1 million year-to-date compared to $16.1 million in 2023, and anticipated total capital expenditures to remain under $10 million for 2024. The company announced a share buyback plan of up to $10 million and recently paid a special dividend of $0.10 per share, demonstrating a commitment to returning capital to shareholders. Looking forward, Smart Sand expects a pickup in activity, especially in natural gas markets, and anticipates continued demand for Northern White Sand. They foresee fourth-quarter sand sales volumes ranging from 1.1 to 1.4 million tons and anticipate positive free cash flow for the year despite increased capital expenditures in the fourth quarter.Smart Sand Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
69
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 357.71M | 330.15M | 311.37M | 295.97M | 255.74M | 126.65M |
| Gross Profit | 40.08M | 35.50M | 44.82M | 41.55M | 29.59M | -15.91M |
| EBITDA | 27.09M | 24.86M | 31.75M | 27.29M | 24.98M | -31.61M |
| Net Income | 21.72M | 1.34M | 2.99M | 4.65M | -703.00K | -50.67M |
Balance Sheet | ||||||
| Total Assets | 335.67M | 340.01M | 341.55M | 346.30M | 360.00M | 374.02M |
| Cash, Cash Equivalents and Short-Term Investments | 19.45M | 22.55M | 1.55M | 6.07M | 5.51M | 25.59M |
| Total Debt | 38.86M | 36.18M | 37.22M | 43.75M | 44.54M | 55.20M |
| Total Liabilities | 101.55M | 100.32M | 97.74M | 104.03M | 116.53M | 132.86M |
| Stockholders Equity | 234.12M | 239.70M | 243.81M | 242.27M | 243.47M | 241.16M |
Cash Flow | ||||||
| Free Cash Flow | 28.18M | 32.52M | 10.85M | 7.96M | -7.31M | 21.22M |
| Operating Cash Flow | 38.44M | 44.12M | 17.86M | 30.99M | 5.42M | 32.44M |
| Investing Cash Flow | -9.52M | -10.86M | -6.92M | -22.90M | -18.21M | -11.14M |
| Financing Cash Flow | -14.57M | -12.26M | -15.46M | -7.53M | -7.29M | -7.43M |
Smart Sand Technical Analysis
Positive
2.93
Price Trends
4.82
Positive
4.60
Positive
3.48
Positive
Market Momentum
-0.03
Positive
48.21
Neutral
67.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SND, the sentiment is Positive. The current price of 2.93 is below the 20-day moving average (MA) of 5.08, below the 50-day MA of 4.82, and below the 200-day MA of 3.48, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 48.21 is Neutral, neither overbought nor oversold. The STOCH value of 67.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SND.
Smart Sand Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $131.97M | 3.51 | 26.73% | ― | 64.11% | ― | |
67 Neutral | $114.64M | -109.55 | 16.53% | ― | 6.81% | 122.00% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
61 Neutral | $209.77M | -12.99 | 9.10% | ― | 21.72% | ― | |
56 Neutral | $68.10M | -0.53 | 105.06% | ― | -8.92% | -7.64% | |
51 Neutral | $102.96M | -24.68 | -2.98% | ― | -3.52% | -117.16% | |
47 Neutral | $455.29K | 0.83 | ― | ― | -3.74% | ― |
* Energy Sector Average
SND
Smart Sand
4.88
3.19
188.93%
DWSN
Dawson Geophysical Company
4.25
2.99
237.30%
NCSM
Ncs Multistage Holdings
43.68
11.70
36.59%
NINE
Nine Energy Service, Inc.
10.48
2.28
27.80%
KLXE
KLX Energy Services Holdings
3.42
1.56
83.87%
DTI
Drilling Tools International
2.93
0.41
16.27%
Smart Sand Corporate Events
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Smart Sand Adopts Rule 10b5-1 Share Repurchase Plan
Positive
May 15, 2026
On May 15, 2026, Smart Sand, Inc. adopted a Rule 10b5-1 trading plan to execute its previously announced share repurchase programs, authorizing up to $2.5 million in common stock buybacks, with daily purchases capped by Rule 10b-18 limits. The bro...
Business Operations and StrategyDividends
Smart Sand Declares Special Cash Dividend to Shareholders
Positive
Apr 9, 2026
On April 9, 2026, Smart Sand, Inc. announced that its board of directors declared a special cash dividend of $0.10 per share on its common stock, payable on May 5, 2026, to shareholders of record as of the close of business on April 22, 2026. The ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Smart Sand Adopts 10b5-1 Plan for Share Buybacks
Positive
Mar 3, 2026
On March 3, 2026, Smart Sand, Inc. adopted a Rule 10b5-1 trading plan to facilitate share repurchases under its previously announced buyback programs, authorizing up to $2.5 million in common stock purchases, including commissions. The plan, which...
Business Operations and StrategyStock BuybackFinancial Disclosures
Smart Sand Authorizes New Share Repurchase Program
Positive
Feb 26, 2026
On February 23, 2026, Smart Sand’s board approved a new two-year share repurchase program of up to $20 million in ordinary shares, effective April 4, 2026, following the expiration of its current buyback plan. This adds to an ongoing capital...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.