Smart Sand (SND)


Market Price (10/7/2026): $5.19 | Market Cap: $203.8 MilSector: Energy | Industry: Oil & Gas Equipment & Services

Smart Sand (SND)


Market Price (10/7/2026): $5.19
Market Cap: $203.8 Mil
Sector: Energy
Industry: Oil & Gas Equipment & Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.8%, Dividend Yield is 4.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.0%, FCF Yield is 17%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 27%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%

Megatrend and thematic drivers
Megatrends include US Energy Independence, and Industrial Resource Supply. Themes include US Oilfield Technologies, and Specialty Minerals & Aggregates.

Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 11.4

Stock price has recently run up significantly
12M Rtn12 month market price return is 157%

Key risks
SND key risks include [1] financial health concerns, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.8%, Dividend Yield is 4.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.0%, FCF Yield is 17%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 27%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%
3 Megatrend and thematic drivers
Megatrends include US Energy Independence, and Industrial Resource Supply. Themes include US Oilfield Technologies, and Specialty Minerals & Aggregates.
4 Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 11.4
5 Stock price has recently run up significantly
12M Rtn12 month market price return is 157%
6 Key risks
SND key risks include [1] financial health concerns, Show more.

SND in ETFs

Weight = SND's share of each fund

VTI0.00%
IWM0.00%
AVUV0.01%
VTWO0.00%
ONEQ0.00%
DFAS0.00%
IWN0.00%
DFAC0.00%
+1 more covered ETF

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 10/1/2026

Smart Sand (SND) stock has gained about 10% since 6/30/2026 because of the following key factors:

1. Smart Sand reported strong financial results for fiscal Q2 2026, which ended on June 30, 2026, driving investor confidence. The company announced record quarterly sales volumes of approximately 1.86 million tons, representing a 31% increase year-over-year, and reported revenue of $115.1 million, a 34% increase from fiscal Q2 2025. This robust performance also resulted in a gross profit of $19.8 million and a significant 140.6% increase in Adjusted EBITDA to $18.7 million. The company's CEO noted that fiscal Q2 2026 was "one of the best quarters in Smart Sand's history".

2. The company enhanced shareholder returns through a special dividend declaration. On July 16, 2026, Smart Sand's board of directors declared a special dividend of $0.10 per share, which was subsequently paid on August 12, 2026. This action returned approximately $4.2 million to shareholders and was seen as a positive signal of the company's strong cash position and commitment to capital allocation.

Show more
Updated on 10/1/2026

Smart Sand (SND) stock has gained about 10% since 6/30/2026 because of the following key factors:

1. Smart Sand reported strong financial results for fiscal Q2 2026, which ended on June 30, 2026, driving investor confidence. The company announced record quarterly sales volumes of approximately 1.86 million tons, representing a 31% increase year-over-year, and reported revenue of $115.1 million, a 34% increase from fiscal Q2 2025. This robust performance also resulted in a gross profit of $19.8 million and a significant 140.6% increase in Adjusted EBITDA to $18.7 million. The company's CEO noted that fiscal Q2 2026 was "one of the best quarters in Smart Sand's history".

2. The company enhanced shareholder returns through a special dividend declaration. On July 16, 2026, Smart Sand's board of directors declared a special dividend of $0.10 per share, which was subsequently paid on August 12, 2026. This action returned approximately $4.2 million to shareholders and was seen as a positive signal of the company's strong cash position and commitment to capital allocation.

3. Favorable industry dynamics, including robust frac sand demand and expanded oil and gas activity, provided a positive macroeconomic tailwind. Smart Sand noted strong demand across its key operating basins, anticipating this trend to persist into the second half of 2026, fueled by expected growth in North American natural gas demand and increasing LNG export capacity. Concurrently, the broader oil and gas sector in key producing regions showed expanded activity in fiscal Q3 2026, with both oil and natural gas production increasing. The global frac sand market is projected to grow from $8.57 billion in 2025 to $9.4 billion in 2026, at a compound annual growth rate (CAGR) of 9.7%, indicating sustained market strength.

Show less
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →

Stock Movement Drivers

Fundamental Drivers

The 8.5% change in SND stock from 6/30/2026 to 10/6/2026 was primarily driven by a 125.1% change in the company's P/E Multiple.
(LTM values as of)630202610062026Change
Stock Price ($)4.905.328.5%
Change Contribution By: 
Total Revenues ($ Mil)3583878.2%
Net Income Margin (%)6.1%2.7%-55.4%
P/E Multiple8.819.9125.1%
Shares Outstanding (Mil)3939-0.2%
Cumulative Contribution8.5%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2026 to 10/6/2026
ReturnCorrelation
SND8.5% 
Market (SPY)4.3%11.5%
Sector (XLE)20.0%34.4%

Fundamental Drivers

The 8.3% change in SND stock from 3/31/2026 to 10/6/2026 was primarily driven by a 565.3% change in the company's Net Income Margin (%).
(LTM values as of)331202610062026Change
Stock Price ($)4.915.328.3%
Change Contribution By: 
Total Revenues ($ Mil)33038717.2%
Net Income Margin (%)0.4%2.7%565.3%
P/E Multiple142.119.9-86.0%
Shares Outstanding (Mil)3939-0.9%
Cumulative Contribution8.3%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 10/6/2026
ReturnCorrelation
SND8.3% 
Market (SPY)20.1%-2.3%
Sector (XLE)4.8%41.1%

Fundamental Drivers

The 163.2% change in SND stock from 9/30/2025 to 10/6/2026 was primarily driven by a 932.3% change in the company's Net Income Margin (%).
(LTM values as of)930202510062026Change
Stock Price ($)2.025.32163.2%
Change Contribution By: 
Total Revenues ($ Mil)30638726.5%
Net Income Margin (%)0.3%2.7%932.3%
P/E Multiple98.719.9-79.8%
Shares Outstanding (Mil)3939-0.1%
Cumulative Contribution163.2%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 10/6/2026
ReturnCorrelation
SND163.2% 
Market (SPY)17.9%-0.9%
Sector (XLE)45.9%29.2%

Fundamental Drivers

The 167.3% change in SND stock from 9/30/2023 to 10/6/2026 was primarily driven by a 111.3% change in the company's P/E Multiple.
(LTM values as of)930202310062026Change
Stock Price ($)1.995.32167.3%
Change Contribution By: 
Total Revenues ($ Mil)30338727.9%
Net Income Margin (%)2.6%2.7%2.3%
P/E Multiple9.419.9111.3%
Shares Outstanding (Mil)3839-3.3%
Cumulative Contribution167.3%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2023 to 10/6/2026
ReturnCorrelation
SND167.3% 
Market (SPY)88.5%21.7%
Sector (XLE)54.1%38.5%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
SND Return3%1%8%22%90%39%263%
Peers Return-17%81%16%39%27%70%416%
S&P 500 Return27%-19%24%23%16%14%107%

Monthly Win Rates [3]
SND Win Rate42%50%42%50%67%60% 
Peers Win Rate46%65%54%44%60%80% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
SND Max Drawdown-52%-70%-41%-25%-33%-32% 
Peers Max Drawdown-54%-44%-35%-28%-34%-25% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: FTI, HLX, FTK, GOW, SLB.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/6/2026 (YTD)

How Low Can It Go

EventSNDS&P 500
2025 US Tariff Shock
  % Loss-21.8%-18.8%
  % Gain to Breakeven27.9%23.1%
  Time to Breakeven132 days79 days
2024 Yen Carry Trade Unwind
  % Loss-16.5%-7.8%
  % Gain to Breakeven19.8%8.5%
  Time to Breakeven19 days18 days
2023 SVB Regional Banking Crisis
  % Loss-14.4%-6.7%
  % Gain to Breakeven16.9%7.1%
  Time to Breakeven37 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-27.4%-24.5%
  % Gain to Breakeven37.7%32.4%
  Time to Breakeven32 days427 days
2020 COVID-19 Crash
  % Loss-69.1%-33.7%
  % Gain to Breakeven223.2%50.9%
  Time to Breakeven252 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-55.8%-19.2%
  % Gain to Breakeven126.1%23.8%
  Time to Breakeven84 days105 days

Compare to FTI, HLX, FTK, GOW, SLB

In The Past

Smart Sand's stock fell -21.8% during the 2025 US Tariff Shock. Such a loss loss requires a 27.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventSNDS&P 500
2025 US Tariff Shock
  % Loss-21.8%-18.8%
  % Gain to Breakeven27.9%23.1%
  Time to Breakeven132 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-27.4%-24.5%
  % Gain to Breakeven37.7%32.4%
  Time to Breakeven32 days427 days
2020 COVID-19 Crash
  % Loss-69.1%-33.7%
  % Gain to Breakeven223.2%50.9%
  Time to Breakeven252 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-55.8%-19.2%
  % Gain to Breakeven126.1%23.8%
  Time to Breakeven84 days105 days

Compare to FTI, HLX, FTK, GOW, SLB

In The Past

Smart Sand's stock fell -21.8% during the 2025 US Tariff Shock. Such a loss loss requires a 27.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Smart Sand (SND)

```html

Smart Sand, Inc. (SND) is an integrated supply and services company primarily focused on supporting the oil and natural gas industry. The company specializes in the excavation, processing, and sale of high-quality frac sand, also known as proppant. This specialized sand is a critical component used in hydraulic fracturing operations, where it is injected into wells to prop open fractures in rock formations, facilitating the flow of oil and natural gas.

Beyond its core frac sand offerings, Smart Sand provides essential logistics services to ensure the efficient delivery of its products. The company also offers SmartSystems, an innovative wellsite proppant storage solution designed to optimize field operations for its clients. Smart Sand's primary customers include oil and natural gas exploration and production companies, various oilfield service companies, and industrial manufacturers.

```

AI Analysis | Feedback

Here are 1-2 brief analogies for Smart Sand (SND):

  • They're like a specialized version of a major aggregates supplier such as Vulcan Materials, but focused solely on providing frac sand and its delivery systems for the oil and gas industry.
  • Think of them as the integrated supply chain for specialized industrial sand, similar to how companies like Air Products and Chemicals manage the supply and delivery of crucial industrial gases and chemicals.

AI Analysis | Feedback

  • Frac Sand (Proppant): Smart Sand excavates, processes, and sells specialized sand used as proppant in hydraulic fracturing operations.
  • Logistics Services: The company provides services related to the transportation and delivery of its frac sand products.
  • SmartSystems: This is a wellsite proppant storage solution offered by Smart Sand to its customers.

AI Analysis | Feedback

Smart Sand (SND) sells its products primarily to other companies. While specific major customer names are not publicly identified in the provided information or typically disclosed by the company in its general descriptions (unless a single customer constitutes a significant portion of revenue), Smart Sand has indicated that it sells its products primarily to the following categories of customers:

  • Oil and natural gas exploration and production companies
  • Oilfield service companies
  • Industrial manufacturers

AI Analysis | Feedback

  • Canadian National Railway Company (CNI)
  • Union Pacific Corporation (UNP)

AI Analysis | Feedback

Charles E. Young, Chief Executive Officer

Charles E. Young was named Chief Executive Officer in July 2014 and has served as a director since September 2011. He founded Smart Sand, LLC, the predecessor to Smart Sand, Inc., and served as its President from November 2009 to August 2011. Mr. Young also founded and served as President of Premier Building Systems, a construction, solar, geothermal, and energy audit company, from 2006 to 2011. Smart Sand, Inc. received early backing from Clearlake Capital prior to its initial public offering.

Lee E. Beckelman, Chief Financial Officer

Lee E. Beckelman has served as Chief Financial Officer since August 2014. Previously, he served as Executive Vice President and Chief Financial Officer of Price Gregory Services, Inc., a crude oil and natural gas pipeline construction firm, until its sale to Quanta Services. From December 2009 to February 2014, he was the Executive Vice President and Chief Financial Officer of Hilcorp Energy Company, a private oil and gas exploration and production company. Prior to that, Mr. Beckelman held various finance roles at Hanover Compressor Company (which later merged to form Exterran Holdings) from 2002 to 2007.

William John Young, Chief Operating Officer

William John Young serves as the Chief Operating Officer of Smart Sand, Inc. He previously held the position of Executive Vice President of Sales and Logistics for the company.

James D. Young, Executive Vice President, General Counsel and Secretary

James D. Young holds the roles of Executive Vice President, General Counsel, and Secretary for Smart Sand, Inc.

Ronald P. Whelan, Executive Vice President of Last Mile Solutions

Ronald P. Whelan is the Executive Vice President of Last Mile Solutions at Smart Sand, Inc. He was previously listed as Executive Vice President of Sales.

AI Analysis | Feedback

The key risks to Smart Sand's business, an integrated frac sand supply and services company, are primarily driven by its close ties to the volatile oil and gas industry and the competitive dynamics within the frac sand market.

  1. Reliance on the Volatile Oil and Gas Industry: Smart Sand's business is heavily dependent on the activity levels and financial health of the oil and natural gas industry, particularly the demand for frac sand in hydraulic fracturing operations. Any slowdown in drilling activity, fluctuations in commodity prices, or shifts in exploration and production strategies by oil and gas companies can directly and significantly impact the demand for Smart Sand's products and services.
  2. Intense Competition and Pricing Pressure from Regional Sand: The frac sand industry is highly competitive. Smart Sand faces significant pricing pressure and competition, particularly from the emergence of regional sand suppliers. Regional sand, found closer to oil and gas basins, can be a cheaper alternative to Smart Sand's "Northern White Sand" due to lower transportation costs, which can erode Smart Sand's market share and profitability.
  3. Operational Challenges and Rising Costs: Smart Sand is exposed to various operational risks that can impact its profitability and efficiency. These include rising costs associated with logistics, mining, and energy consumption. Furthermore, transportation disruptions, such as those caused by weather events or issues with railway infrastructure, can create bottlenecks in the supply chain, increase delivery costs, and negatively affect the company's ability to consistently supply customers. The industry also faces regulatory and health concerns related to silica dust exposure, which can lead to increased operational costs and potential liabilities.

AI Analysis | Feedback

null

AI Analysis | Feedback

Smart Sand, Inc. operates within the frac sand and oil and gas logistics markets, primarily serving the United States. The addressable market sizes for its main products and services are as follows:

Frac Sand (Proppant)

The North America frac sand market was valued at approximately USD 1.699 billion in 2024 and is anticipated to reach USD 1.811 billion in 2025. This market is projected to grow to USD 3.012 billion by 2033, exhibiting a Compound Annual Growth Rate (CAGR) of 6.57% from 2025 to 2033. The United States is a significant contributor to this market, holding an expected share of 85.4% in 2024. Another report states the North America frac sand market was valued at USD 2 billion in 2023.

More broadly, the U.S. proppants market, which includes frac sand, was valued at USD 3.47 billion in 2024 and is projected to reach approximately USD 7.80 billion by 2034, with a CAGR of 8.44% from 2025 to 2034. North America's proppants market as a whole was valued at USD 4.96 billion in 2024. Frac sand held the largest share by type in the global proppants market in 2024.

Logistics Services

The global oil and gas logistics market was valued at USD 1.38 billion in 2024 and is expected to grow at a CAGR of 6.7% from 2025 to 2032, reaching nearly USD 2.33 billion. North America is expected to grow at a CAGR of 7.4% within this market during the forecast period.

A more specific market, the retail oil and gas logistics market, was estimated at USD 24.22 billion in 2025 and is expected to reach USD 29.88 billion by 2030, growing at a CAGR of 4.29% during the forecast period of 2025-2030. Transportation accounted for 53% of the revenue in this market in 2024. The midstream sector of the U.S. oil and gas market, which encompasses logistics, is anticipated to grow at a CAGR of 6.8% from 2025 to 2033.

SmartSystems (Wellsite Proppant Storage Solution)

A specific addressable market size for wellsite proppant storage solutions, such as SmartSystems, is not readily available in the provided information.

AI Analysis | Feedback

Smart Sand, Inc. (NASDAQ: SND) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:

  1. Increased Sales Volumes in Core and New Markets: Smart Sand anticipates higher sales volumes stemming from strong market activity and customer demand in its primary operating regions, such as the Bakken and Marcellus formations. The company also projects increased sales volumes into new geographic markets, including the Utica formation in the United States and Canada.
  2. Growth in Industrial Products Solutions (IPS) Business: Smart Sand is focusing on expanding its Industrial Products Solutions segment. This diversification beyond frac sand, into various industrial markets like glass, foundry, building products, and filtration, is expected to contribute significantly to future revenue, as evidenced by record-breaking quarters in this segment.
  3. Higher Average Selling Prices: Improvements in the average selling prices of its sand products have historically contributed to revenue growth and are expected to continue to be a factor when market conditions allow.
  4. Increased Utilization of SmartSystems and Logistics Services: The company's integrated logistics services, including its SmartSystems wellsite proppant storage solutions and in-basin transloading terminals, enhance its value proposition to customers. Increased utilization of these services is a driver for improved revenues and operational efficiency.
  5. Strategic Investments in Infrastructure and Technology: Smart Sand plans to increase capital expenditures to support mining expansion and terminal investments, particularly to bolster future sales growth and market presence in key basins like the Utica Shale, while also focusing on continuous improvement in efficiency and technology adoption.

AI Analysis | Feedback

Share Repurchases

  • In 2025, Smart Sand repurchased $2.1 million in ordinary shares. The company collectively returned approximately $8 million to shareholders in 2025 through dividends and stock buybacks.
  • An eighteen-month share repurchase program, authorizing up to $10.0 million in ordinary share repurchases, was approved on October 3, 2024, with $7.9 million remaining as of September 30, 2025.
  • A new two-year share repurchase program, effective April 4, 2026, was approved on February 23, 2026, authorizing the repurchase of up to $20.0 million of the company's common stock.

Inbound Investments

  • Smart Sand secured a new $30 million asset-based credit facility on October 3, 2024, which provides non-amortizing revolving loans to enhance financial flexibility and support operational needs.

Capital Expenditures

  • Capital expenditures for the full year 2025 amounted to $11.6 million.
  • For 2026, Smart Sand anticipates capital expenditures to be in the range of $15.0 million to $20.0 million.
  • Approximately $12.0 million of the 2026 budgeted capital expenditures are designated for mining expansion and potential terminal investments to support future sales growth.

Better Bets vs. Smart Sand (SND)

Peer Outperformance in Oil & Gas Equipment & Services

SND has outperformed 58% of its 33 Oil & Gas Equipment & Services peers over 5Y. Among the peers that beat it is EFXT. Oil & Gas Equipment & Services ranks 4th of 7 industries in Energy by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Oil & Gas Equipment & Services constituents that SND has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
95%
of 39 industry peers · 157.2% return
3Y
81%
of 37 industry peers · 202.5% return
5Y
58%
of 33 industry peers · 139.5% return
Oil & Gas Equipment & Services peers with revenue growth within 4pp of SND's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
SND Smart Sand 9.2% 19.9x 157.2%202.5%139.5% —
EFXT Enerflex 9.3% 56.1x 114.7%486.0%536.6% +397pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Energy sector, ranked by 5Y. Oil & Gas Equipment & Services is SND's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Oil & Gas Refining & Marketing 11 126.9%148.3%380.5% MPC 661% · VLO 545% · PBF 545%
Integrated Oil & Gas 7 38.5%69.4%223.1% IMO 315% · SU 279% · CVE 226%
Oil & Gas Storage & Transportation 18 26.4%127.3%180.7% INSW 1016% · LPG 867% · TRGP 507%
Oil & Gas Equipment & Services ← 34 34.4%24.6%86.5% SEI 1041% · FTI 816% · TDW 544%
Coal & Consumable Fuels 14 -17.8%23.9%80.0% EU 1043% · CCJ 321% · LEU 287%
Oil & Gas Drilling 7 57.4%5.9%57.7% VAL 131% · PDS 96% · NE 77%
Oil & Gas Exploration & Production 51 19.0%10.0%47.7% KGEI 9239% · OBE 6415% · EP 2683%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

SNDFTIHLXFTKGOWSLBMedian
NameSmart Sa.TechnipF.Helix En.Flotek I.GOWell E.SLB  
Mkt Price5.1868.35-27.283.9848.1327.28
Mkt Cap0.227.11.61.0-71.71.6
Rev LTM38710,4201,303293-36,3661,303
Op Inc LTM81,56710038-4,984100
FCF LTM351,572235-4-4,554235
FCF 3Y Avg131,233168-4-4,516168
CFO LTM471,859253-2-6,533253
CFO 3Y Avg261,510188-2-6,545188

Growth & Margins

SNDFTIHLXFTKGOWSLBMedian
NameSmart Sa.TechnipF.Helix En.Flotek I.GOWell E.SLB  
Rev Chg LTM26.5%9.9%6.2%36.8%-2.5%9.9%
Rev Chg 3Y Avg9.2%13.6%6.2%16.6%-5.4%9.2%
Rev Chg Q34.1%9.0%20.8%70.3%-5.0%20.8%
QoQ Delta Rev Chg LTM8.2%2.2%4.2%16.3%-1.2%4.2%
Op Inc Chg LTM193.1%33.3%23.4%90.2%--17.2%33.3%
Op Inc Chg 3Y Avg-217.3%73.3%47.2%119.2%-1.0%47.2%
Op Mgn LTM1.9%15.0%7.7%13.1%-13.7%13.1%
Op Mgn 3Y Avg-0.1%12.2%7.9%9.1%-15.9%9.1%
QoQ Delta Op Mgn LTM2.8%0.5%2.7%1.1%--0.7%1.1%
CFO/Rev LTM12.1%17.8%19.4%-0.8%-18.0%17.8%
CFO/Rev 3Y Avg7.5%15.7%14.4%-1.0%-18.4%14.4%
FCF/Rev LTM8.9%15.1%18.1%-1.4%-12.5%12.5%
FCF/Rev 3Y Avg3.5%12.8%12.8%-1.9%-12.7%12.7%

Valuation

SNDFTIHLXFTKGOWSLBMedian
NameSmart Sa.TechnipF.Helix En.Flotek I.GOWell E.SLB  
Mkt Cap0.227.11.61.0-71.71.6
P/S0.52.61.23.4-2.02.0
P/Op Inc27.017.315.625.8-14.417.3
P/EBIT23.817.318.126.2-16.218.1
P/E19.423.039.326.0-23.123.1
P/CFO4.314.66.2-448.7-11.06.2
Total Yield9.8%4.5%2.5%3.5%-6.4%4.5%
Dividend Yield4.8%0.3%0.0%0.0%-2.3%0.3%
FCF Yield 3Y Avg7.6%7.0%12.9%-2.1%-7.7%7.6%
D/E0.20.00.40.1-0.20.2
Net D/E0.20.0-0.00.1-0.10.1

Returns

SNDFTIHLXFTKGOWSLBMedian
NameSmart Sa.TechnipF.Helix En.Flotek I.GOWell E.SLB  
1M Rtn-2.6%-14.4%-15.9%100.0%-16.3%-2.6%
3M Rtn11.2%0.4%22.0%21.8%100.0%4.2%16.5%
6M Rtn9.7%-6.5%7.5%80.4%100.0%-3.4%8.6%
12M Rtn150.4%80.4%58.9%54.4%100.0%42.5%69.7%
3Y Rtn194.6%263.6%5.6%541.9%100.0%-6.7%147.3%
1M Excs Rtn-3.9%-15.7%-14.7%98.7%-17.6%-3.9%
3M Excs Rtn0.6%-7.2%11.9%14.1%95.5%-2.3%6.2%
6M Excs Rtn-7.9%-24.3%-10.7%63.9%82.0%-20.9%-9.3%
12M Excs Rtn141.4%64.2%42.5%56.4%83.7%28.1%60.3%
3Y Excs Rtn80.1%161.6%-87.4%440.8%18.3%-90.1%49.2%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Sand326304287249 
SmartSystems4886 
Logistics revenue    5
Sand sales revenue    117
Shortfall revenue    4
Total330311296256127


Price Behavior

Price Behavior
Market Price$5.32 
Market Cap ($ Bil)0.2 
First Trading Date11/04/2016 
Distance from 52W High-6.6% 
   50 Days200 Days
DMA Price$4.95$4.66
DMA Trendupup
Distance from DMA7.4%14.1%
 3M1YR
Volatility51.8%69.2%
Downside Capture32.76-35.79
Upside Capture93.3779.51
Correlation (SPY)12.2%-0.5%
SND Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta0.861.040.50-0.13-0.050.79
Up Beta-0.940.061.06-1.08-0.210.82
Down Beta-1.17-0.14-1.28-0.06-0.721.08
Up Capture126%206%73%15%70%42%
Bmk +ve Days6162766132424
Stock +ve Days13273770143385
Down Capture131%61%59%17%-60%73%
Bmk -ve Days16263760120328
Stock -ve Days9142553102320

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SND
SND165.4%69.1%1.70-
Sector ETF (XLE)46.8%21.9%1.6629.1%
Equity (SPY)17.5%13.0%0.96-0.8%
Gold (GLD)6.9%29.6%0.236.6%
Commodities (DBC)46.1%20.8%1.7115.9%
Real Estate (VNQ)2.1%13.7%-0.10-9.3%
Bitcoin (BTCUSD)-29.8%44.3%-0.67-3.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SND
SND20.9%62.3%0.56-
Sector ETF (XLE)23.4%25.5%0.8048.2%
Equity (SPY)13.9%17.1%0.6223.6%
Gold (GLD)18.7%18.9%0.8011.3%
Commodities (DBC)10.3%19.5%0.4034.8%
Real Estate (VNQ)1.2%18.8%-0.0417.6%
Bitcoin (BTCUSD)16.0%52.2%0.477.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SND
SND-5.6%71.8%0.24-
Sector ETF (XLE)10.9%29.6%0.4047.7%
Equity (SPY)15.6%17.9%0.7427.6%
Gold (GLD)11.6%16.4%0.586.5%
Commodities (DBC)8.3%18.1%0.3733.6%
Real Estate (VNQ)4.2%20.7%0.1620.6%
Bitcoin (BTCUSD)64.1%66.2%1.043.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date9152026
Short Interest: Shares Quantity2.1 Mil
Short Interest: % Change Since 83120263.0%
Average Daily Volume0.2 Mil
Days-to-Cover Short Interest11.4 days
Basic Shares Quantity39.3 Mil
Short % of Basic Shares5.3%

Earnings Returns History

Updated 9/14/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/11/20266.7%6.9%11.8%
5/12/2026-11.0%-3.5%0.2%
2/26/20262.2%-19.3%7.7%
11/12/2025-0.9%16.7%77.0%
8/12/2025-1.6%3.7%1.1%
5/13/2025-7.9%-14.4%-2.3%
3/4/2025-1.9%4.3%18.5%
11/12/2024-17.5%-12.5%-11.8%
...
SUMMARY STATS   
# Positive6811
# Negative161411
Median Positive6.6%7.2%11.8%
Median Negative-8.8%-13.4%-16.3%
Max Positive7.9%16.7%77.0%
Max Negative-19.8%-34.5%-34.2%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/11/20266.7%6.9%11.8%
5/12/2026-11.0%-3.5%0.2%
2/26/20262.2%-19.3%7.7%
11/12/2025-0.9%16.7%77.0%
8/12/2025-1.6%3.7%1.1%
5/13/2025-7.9%-14.4%-2.3%
3/4/2025-1.9%4.3%18.5%
11/12/2024-17.5%-12.5%-11.8%
8/13/20246.4%12.9%7.5%
5/13/2024-4.3%-2.6%-10.0%
3/11/2024-4.0%-7.4%4.9%
8/8/20237.9%12.4%20.8%
5/9/2023-11.1%-21.1%-16.3%
11/8/2022-12.3%-18.1%-34.2%
8/9/2022-16.9%-23.2%-33.9%
5/11/2022-9.7%-5.1%-16.6%
3/8/2022-19.8%-34.5%-8.4%
11/9/2021-6.1%-8.7%-20.0%
8/4/20215.0%7.5%-0.4%
5/4/2021-3.3%-4.2%14.1%
3/2/2021-18.3%-21.3%-30.9%
11/9/20206.9%2.8%36.8%
SUMMARY STATS   
# Positive6811
# Negative161411
Median Positive6.6%7.2%11.8%
Median Negative-8.8%-13.4%-16.3%
Max Positive7.9%16.7%77.0%
Max Negative-19.8%-34.5%-34.2%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/11/202610-Q
03/31/202605/12/202610-Q
12/31/202502/26/202610-K
09/30/202511/12/202510-Q
06/30/202508/12/202510-Q
03/31/202505/13/202510-Q
12/31/202403/04/202510-K
09/30/202411/12/202410-Q
06/30/202408/13/202410-Q
03/31/202405/13/202410-Q
12/31/202303/11/202410-K
09/30/202311/07/202310-Q
06/30/202308/08/202310-Q
03/31/202305/09/202310-Q
12/31/202202/28/202310-K
09/30/202211/08/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/11/202610-Q
03/31/202605/12/202610-Q
12/31/202502/26/202610-K
09/30/202511/12/202510-Q
06/30/202508/12/202510-Q
03/31/202505/13/202510-Q
12/31/202403/04/202510-K
09/30/202411/12/202410-Q
06/30/202408/13/202410-Q
03/31/202405/13/202410-Q
12/31/202303/11/202410-K
09/30/202311/07/202310-Q
06/30/202308/08/202310-Q
03/31/202305/09/202310-Q
12/31/202202/28/202310-K
09/30/202211/08/202210-Q
06/30/202208/09/202210-Q
03/31/202205/11/202210-Q
12/31/202103/08/202210-K
09/30/202111/09/202110-Q
06/30/202108/04/202110-Q
03/31/202105/04/202110-Q
12/31/202003/03/202110-K
09/30/202011/09/202010-Q
06/30/202008/05/202010-Q
03/31/202005/06/202010-Q
12/31/201902/26/202010-K
09/30/201911/06/201910-Q

Recent Forward Guidance

Updated 10/4/2026

Latest: Q2 2026 Earnings Reported 8/11/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Sales Volume GrowthReported10.0%15.0%20.0% 7.5%RaisedGuidance: 7.5% for 2026
2026 Capital ExpendituresReported15.00 Mil17.50 Mil20.00 Mil0 AffirmedGuidance: 17.50 Mil for 2026


Prior: Q1 2026 Earnings Reported 5/12/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Sales Volume GrowthReported5.0%7.5%10.0% 0AffirmedGuidance: 7.5% for 2026
2026 Capital ExpendituresReported15.00 Mil17.50 Mil20.00 Mil0 AffirmedGuidance: 17.50 Mil for 2026

Q4 2025 Earnings Reported 2/26/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Sales Volumes GrowthReported5.0%7.5%10.0%   
2026 Capital ExpendituresReported15.00 Mil17.50 Mil20.00 Mil9.4% Higher NewGuidance: 16.00 Mil for 2025

Q3 2025 Earnings Reported 11/12/2025

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2025 Sales VolumesReported5.10 Mil5.25 Mil5.40 Mil   
2025 Capital ExpendituresReported15.00 Mil16.00 Mil17.00 Mil6.7% RaisedGuidance: 15.00 Mil for 2025

Insider Activity

Updated 8/24/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Young, James DouglasSEE REMARKSDirectSell82420264.702,23610,5091,695,859Form
2Young, James DouglasSEE REMARKSDirectSell82420264.8319,07892,1471,753,565Form
3Young, James DouglasSEE REMARKSDirectSell82420264.8325,716124,2081,845,712Form
4Young, James DouglasSEE REMARKSDirectSell81920264.8411,66956,4781,669,597Form
5Beckelman, Lee EChief Financial OfficerDirectSell81920264.7950,000239,5003,457,638Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Young, James DouglasSEE REMARKSDirectSell82420264.702,23610,5091,695,859Form
2Young, James DouglasSEE REMARKSDirectSell82420264.8319,07892,1471,753,565Form
3Young, James DouglasSEE REMARKSDirectSell82420264.8325,716124,2081,845,712Form
4Young, James DouglasSEE REMARKSDirectSell81920264.8411,66956,4781,669,597Form
5Beckelman, Lee EChief Financial OfficerDirectSell81920264.7950,000239,5003,457,638Form
6Young, James DouglasSEE REMARKSDirectSell81920264.9316,30180,3641,758,171Form
7Spurlin, Sharon DirectSell81720265.102,70013,770878,531Form
8Spurlin, Sharon DirectSell81720265.0615,00075,900885,303Form
9Green, Christopher MVice President of AccountingDirectSell81720265.0613,87470,202173,523Form
10Whelan, Ronald PSEE REMARKSDirectBuy60120264.504,44419,9982,128,234Form
11Spurlin, Sharon DirectSell52820264.9350,000246,500936,508Form
12Porcelli, Francis Michael DirectSell31020263.8775,000290,2502,879,512Form
13Porcelli, Francis Michael DirectSell31020263.7850,000189,0003,096,047Form
14Porcelli, Francis Michael DirectSell30520264.02150,000603,0003,493,621Form
15Porcelli, Francis Michael DirectSell30520264.03100,000403,0004,106,812Form
16Whelan, Ronald PSEE REMARKSDirectBuy120120252.914,32512,5861,330,644Form
17Whelan, Ronald PSEE REMARKSDirectBuy120120252.943,3339,7991,331,647Form
18Young, Charles EdwinCEODirectBuy90520251.9120,00038,2002,822,269Form
19Young, Charles EdwinCEODirectBuy90520251.928,40116,1302,798,646Form
20Young, Charles EdwinCEODirectBuy90520251.8910,63020,0912,739,039Form
21Green, Christopher MVice President of AccountingDirectSell90220251.9511,50022,425105,220Form
22Young, Charles EdwinCEODirectBuy81920251.968,91017,4642,819,650Form
23Young, Charles EdwinCEODirectBuy81920251.8711,49821,5012,673,515Form
24Young, Charles EdwinCEODirectBuy81920251.9229,59256,8172,722,923Form
Core Cache Last Updated: 10/6/2026