Smart Sand, Inc. (SND) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does Smart Sand, Inc. Do?
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 provides logistics services; and SmartSystems, a wellsite proppant storage solution. The company sells its products primarily to oil and natural gas exploration and production companies, oilfield service companies, and industrial manufacturers. As of December 31, 2021, it had approximately 250 million tons of proven and probable recoverable sand reserves. Smart Sand, Inc. was incorporated in 2011 and is headquartered in The Woodlands, Texas. Smart Sand, Inc. (SND) is classified as a micro-cap stock in the Materials sector, specifically within the Non-Metallic And Industrial Metal Mining industry. The company is led by CEO Charles E. Young and employs approximately 330 people, headquartered in THE WOODLANDS, Pennsylvania. With a market capitalization of $195M, SND is one of the notable companies in the Materials sector.
Smart Sand, Inc. (SND) Stock Rating — Hold (April 2026)
As of April 2026, Smart Sand, Inc. receives a Hold rating with a composite score of 46.0/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.SND ranks #1,131 out of 4,446 stocks in our coverage universe. Within the Materials sector, Smart Sand, Inc. ranks #70 of 284 stocks, placing it in the top quartile of its Materials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
SND Stock Price and 52-Week Range
Smart Sand, Inc. (SND) currently trades at $4.93. The stock gained $0.07 (1.4%) in the most recent trading session. The 52-week high for SND is $5.59, which means the stock is currently trading -11.8% from its annual peak. The 52-week low is $1.76, putting the stock 180.1% above its annual trough. Recent trading volume was 255K shares, suggesting relatively thin trading activity.
Is SND Overvalued or Undervalued? — Valuation Analysis
Smart Sand, Inc. (SND) carries a value factor score of 34/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The trailing price-to-earnings ratio is 2806.12x, compared to the Materials sector average of 26.50x — a premium of 10487%. The price-to-book ratio stands at 0.81x, versus the sector average of 2.83x. The price-to-sales ratio is 0.63x, compared to 0.74x for the average Materials stock. On an enterprise value basis, SND trades at 6.65x EV/EBITDA, versus 6.01x for the sector.
At current multiples, Smart Sand, Inc. trades at a premium to most Materials peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.
Smart Sand, Inc. Profitability — ROE, Margins, and Quality Score
Smart Sand, Inc. (SND) earns a quality factor score of 37/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 0.0%, compared to the Materials sector average of 3.3%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at 0.0% versus the sector average of 0.6%.
On a margin basis, Smart Sand, Inc. reports gross margins of 10.3%, compared to 29.8% for the sector. The operating margin is -3.2% (sector: 6.0%). Net profit margin stands at -2.2%, versus 3.0% for the average Materials stock. Revenue growth is running at 25.7% on a trailing basis, compared to 1.8% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.
SND Debt, Balance Sheet, and Financial Health
Smart Sand, Inc. has a debt-to-equity ratio of 6.0%, compared to the Materials sector average of 41.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 1.76x, suggesting adequate working capital coverage. Total debt on the balance sheet is $15M. Cash and equivalents stand at $5M.
SND has a beta of 0.93, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for Smart Sand, Inc. is 44/100, reflecting average volatility within the normal range for its sector.
Smart Sand, Inc. Revenue and Earnings History — Quarterly Trend
In TTM 2026, Smart Sand, Inc. reported revenue of $307M and earnings per share (EPS) of $0.03. Net income for the quarter was $69,000. Gross margin was 10.3%. Operating income came in at $-7M.
In FY 2025, Smart Sand, Inc. reported revenue of $330M and earnings per share (EPS) of $0.03. Net income for the quarter was $1M. Gross margin was 11.5%. Revenue grew 6.0% year-over-year compared to FY 2024. Operating income came in at $-4M.
In Q3 2025, Smart Sand, Inc. reported revenue of $93M and earnings per share (EPS) of $0.08. Net income for the quarter was $3M. Gross margin was 16.1%. Revenue grew 46.9% year-over-year compared to Q3 2024. Operating income came in at $5M.
In Q2 2025, Smart Sand, Inc. reported revenue of $86M and earnings per share (EPS) of $0.55. Net income for the quarter was $21M. Gross margin was 10.4%. Revenue grew 16.2% year-over-year compared to Q2 2024. Operating income came in at $-77,000.
Over the past 8 quarters, Smart Sand, Inc. has demonstrated a growth trajectory, with revenue expanding from $74M to $307M. Investors analyzing SND stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
SND Dividend Yield and Income Analysis
Smart Sand, Inc. (SND) currently pays a dividend yield of 9.3%. At this yield, a $10,000 investment in SND stock would generate approximately $$935.00 in annual dividend income. This compares to the Materials sector average dividend yield of 0.5%, meaning SND offers above-average income for its sector.
SND Momentum and Technical Analysis Profile
Smart Sand, Inc. (SND) has a momentum factor score of 73/100, indicating strong price momentum with the stock outperforming the majority of the market over recent periods. Stocks with high momentum scores have historically tended to continue their outperformance in the near term. The investment factor score is 25/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 48/100 reflects moderate short selling activity.
SND vs Competitors — Materials Sector Ranking and Peer Comparison
Within the Materials sector, Smart Sand, Inc. (SND) ranks #70 out of 284 stocks based on the Blank Capital composite score. This places SND in the top quartile of all Materials stocks in our coverage universe. Key competitors and sector peers include CF Industries Holdings, Inc. (CF) with a score of 56.6/100, Nutrien Ltd. (NTR) with a score of 56.6/100, CVR PARTNERS, LP (UAN) with a score of 55.6/100, LSB INDUSTRIES, INC. (LXU) with a score of 53.6/100, and ACME UNITED CORP (ACU) with a score of 51.2/100.
Comparing SND against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full SND vs S&P 500 (SPY) comparison to assess how Smart Sand, Inc. stacks up against the broader market across all factor dimensions.
SND Next Earnings Date
No upcoming earnings date has been announced for Smart Sand, Inc. (SND) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy SND? — Investment Thesis Summary
Smart Sand, Inc. presents a balanced picture with arguments on both sides. The quality score of 37/100 flags below-average profitability. The value score of 34/100 indicates premium valuation. Price momentum is positive at 73/100, suggesting the trend favors buyers.
In summary, Smart Sand, Inc. (SND) earns a Hold rating with a composite score of 46.0/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on SND stock.
Related Resources for SND Investors
Explore more research and tools: SND vs S&P 500 comparison, top Materials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare SND head-to-head with peers: SND vs CF, SND vs NTR, SND vs UAN.