The Tip Desk

Smart Sand, Inc.

Company Stats

Market Cap
$217.1M
as of Sep 30, 2026
Shares Outstanding
42.4M
Free Float
39.6%

Income Statement

Revenue
$330.2M
Operating Income
-$4.5M
Net Income
$1.3M
EBITDA
$24.8M
Revenue Growth, 3Y
8.9%
FCF Margin, 3Y Avg
5.3%
FCF Margin, Worst Year
2.7%

Cash Flow

Free Cash Flow
$32.5M
FCF Yield
15.0%
Owner FCF Yield
13.3%

Balance Sheet

Cash & Equivalents
$22.6M

Returns & Capital

Dividends Paid
$5.9M
Dividend Yield
2.7%
Dividend Payout, 3Y Avg
190.9%
Share Repurchases
$628,000
Buyback Yield, 3Y Avg
0.2%
SBC, 3Y Avg
$3.5M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$330.2M$32.5M9.9%
FY2024$311.4M$10.9M3.5%
FY2023$296.0M$8.0M2.7%
FY2022$255.7M-$7.3M-2.9%
FY2021$126.6M$21.2M16.8%

Annual filing data through FY ended December 31, 2025; shares and float as of October 31, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage