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Smart Sand, Inc. SND Operating margin

Operating margin at other companies

Atlas Energy Solutions logo
Atlas Energy SolutionsAESI
-5.5%-13.2pp
Liberty Energy logo
Liberty EnergyLBRT
1.9%-5.0pp
Forum Energy Technologies logo
Forum Energy TechnologiesFET
4%+2.3pp
ProFrac Holding Corp. logo
ProFrac Holding Corp.ACDC
-15.9%-23.2pp
SandRidge Energy logo
SandRidge EnergySD
40.7%+13.9pp
Mammoth Energy Services, Inc. logo
Mammoth Energy Services, Inc.TUSK
-105.7%+282pp

Other financials

Income statement

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Revenue$93.1M+42.0%
Gross profit$6.1M+120%
Operating income-$4.9M+30.9%
Net income-$3.9M+84.1%
EPS (diluted)-$0.10+83.9%

Balance sheet

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Cash & equivalents$19.5M+281%
Total debt$39.1M+18.2%
Total equity$234.1M+6.5%
Total assets$335.7M+2.7%

Cash flow

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Operating cash flow$3.0M-65.1%
CapEx$2.2M-37.8%
Free cash flow$842.0K-83.8%

Valuation

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Market cap$215.36M+121%
Enterprise value$235.02M+62.5%
P/E9.9×-111×
P/S0.6×+0.3×

Profitability

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Gross margin11.5%-0.7pp
Net margin6.1%+3.9pp
FCF margin7.9%+0.3pp

Returns & leverage

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Return on equity9.6%+6.4pp
Debt / equity0.2×0.0×
Current ratio1.7×-0.1×

Where this comes from

Calculated from Smart Sand, Inc.’s reported figures.

Based on trailing twelve months.

The official record: Smart Sand, Inc.’s 10-Q, filed May 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Smart Sand, Inc.'s operating margin?
Smart Sand, Inc. (SND) reported operating margin of -0.6% in Q1 2026.
How has Smart Sand, Inc.'s operating margin changed year-over-year?
Smart Sand, Inc.'s operating margin increased by 61.2% year-over-year, from -1.6% to -0.6%.
What is the long-term trend for Smart Sand, Inc.'s operating margin?
Over 4 years (2020 to 2025), Smart Sand, Inc.'s operating margin has grown at a -40.3% compound annual growth rate (CAGR), from -10.6% to -1.4%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.