What is Smith Douglas Homes's net debt?

Smith Douglas Homes (SDHC) reported net debt of -$26.1M in Q1 2026.

How has Smith Douglas Homes's net debt changed year-over-year?

Smith Douglas Homes's net debt decreased by 173.5% year-over-year, from -$9.54M to -$26.1M.

What is the long-term trend for Smith Douglas Homes's net debt?

Over 2 years (2023 to 2025), Smith Douglas Homes's net debt has grown at a -22.7% compound annual growth rate (CAGR), from -$17.94M to -$10.72M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Smith Douglas Homes SDHC Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

Cabot CorporationCBT

1.1×-0.3×

Travel + LeisureTNL

6×+1.6×

HES

Hess MidstreamHESM

3.1×-0.1×

Helen Of TroyHELE

4.8×+2.6×

CorMedixCRMD

-0.9×—

Hyster-Yale Materials Handling, Inc.HY

27.5×+26.1×

Other financials

Income statement

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Revenue$206.4M-8.1%

Gross profit$40.5M-24.4%

Net income$565.0K-78.9%

EPS (diluted)$0.06-80.0%

Balance sheet

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Cash & equivalents$28.0M+121%

Total debt$1.9M-39.3%

Total equity$82.1M+6.8%

Total assets$600.2M+16.8%

Cash flow

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Operating cash flow$338.0K+101%

CapEx$540.0K-47.8%

Free cash flow-$202.0K+99.4%

Valuation

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Market cap$132.8M-19.5%

Enterprise value$106.71M-29.1%

P/E15.5×+4.1×

P/S0.1×0.0×

Profitability

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Gross margin20.9%-4.8pp

Net margin0.9%-0.7pp

FCF margin-3.9%-7.3pp

Returns & leverage

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Return on equity10.8%-12.3pp

Debt / equity0×0.0×

Where this comes from

Calculated from Smith Douglas Homes’s reported figures.

$1.9Mtotal debt−$28.0Mcash and equivalents=-$26.1M

The official record: Smith Douglas Homes’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Smith Douglas Homes's net debt?: Smith Douglas Homes (SDHC) reported net debt of -$26.1M in Q1 2026.
How has Smith Douglas Homes's net debt changed year-over-year?: Smith Douglas Homes's net debt decreased by 173.5% year-over-year, from -$9.54M to -$26.1M.
What is the long-term trend for Smith Douglas Homes's net debt?: Over 2 years (2023 to 2025), Smith Douglas Homes's net debt has grown at a -22.7% compound annual growth rate (CAGR), from -$17.94M to -$10.72M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.