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Smith Douglas Homes Corp. (SDHC)

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Smith Douglas Homes Corp. (SDHC) reported revenue of $273 million for Q2 FY2026, the quarter ended 30 June 2026, up 21.9% on the same quarter a year earlier. Net income was $246,000, down 89.6% on the year, and diluted earnings per share $0.03. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$273 millionup 21.9%
Net income$246,000down 89.6%
Diluted EPS$0.03
QuarterQ2 FY2026ended 30 June 2026

Smith Douglas Homes (SDHC) in brief

Smith Douglas Homes (SDHC) reported revenue of $971 million for fiscal 2025, the year ended 31 December 2025, down 0.4% on the year before.
Read moreNet income was $11 million and diluted earnings per share $1.19. Revenue was $975 million in fiscal 2024 and $765 million in fiscal 2023. Net income in the same years was $16 million and $123 million. Over the twelve months to 30 June 2026, Smith Douglas Homes reported revenue of $1.0 billion and net income of $6 million. Smith Douglas Homes had 51 million shares outstanding at the latest filed count. At 30 June 2026 it carried $66 million of debt and $14 million of cash. At the close of 30 October 2026 the market cap of Smith Douglas Homes was $520 million, 14.2 times its earnings over the last twelve months.

Ratios

From the filings

ROE8.1%
ROCEn/a
Operating marginn/a
Net margin0.6%
FCF margin3.4%
Interest covern/a
Debt to equity0.83
Cash conversion5.79
Share count, last 12 months-1.2%
Sales CAGR, 3 yearsn/a
Profit CAGR, 3 yearsn/a
EPS, TTM$0.72

At the close of 30 October 2026

Price$10.24
Market cap$520 million
Stock P/E14.22
Price to book6.55
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales0.52
52-week high$22.16
52-week low$9.79
Price, 1 year-42.2%
Price CAGR, 3 yearsn/a
Price CAGR, 5 yearsn/a
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowings Smith Douglas Homes Corp. reports under its own heading, which is the only one it files; lease liabilities are separate lines. Nothing here is a valuation or a view.
SDHCgreeksoup.ai
Daily prices to 30 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on SDHC

Dividendsno dividend in its filings for fiscal 2023 onward
Filings12 in twelve months: 5 current reports (8-K), about 4 results of operations; 1 shareholder vote
Planned insider salesno Form 144 notice in twelve months
Options tapeno listed options
13F holders62 funds reported a position for the quarter to 30 June 2026; largest Conifer Management, L.L.C.
Insider trading0 sales and 10 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest1.0 million shares short, 22.92 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 14 quarters

Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue168182198217189221278287225224262260206273
Cost of revenue120129141159140162204214171172207209166225
Gross profit48.552.757.158.049.559.173.773.353.551.955.051.740.547.9
Gross margin29%29%29%27%26%27%27%26%24%23%21%20%20%18%
SG&A19.821.923.027.827.531.834.142.933.034.736.136.035.941.9
Interest expense0.20.30.50.60.70.60.60.60.70.80.90.90.80.6
Pre-tax income28.830.733.929.721.425.939.630.019.617.217.216.94.31.9
Tax rate0%0%0%0%4%4%4%4%4%4%6%-1%6%5%
Net income28.830.733.929.73.03.65.34.12.72.42.13.50.60.2
Net margin17%17%17%14%2%2%2%1%1%1%1%1%0%0%
Diluted EPSn/an/an/an/a$0.33$0.40$0.58$0.46$0.30$0.26$0.24$0.39$0.06$0.03
Operating cash flow26.69.319.121.3-9.30.022.95.5-34.9-28.922.89.80.34.5
Capital expenditure0.20.30.60.20.42.10.60.71.02.11.41.00.50.6
Free cash flow26.49.118.421.1-9.7-2.122.34.8-35.9-31.121.48.7-0.23.9
Shares outstandingn/an/an/an/an/an/a51m51m51m51m51m51m51m51m
Filing10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 3 fiscal years and the trailing twelve months

FY2023FY2024FY2025TTM
Revenue7659759711,002
Cost of revenue548720759807
Gross profit216256212195
Gross margin28.3%26.2%21.8%19.5%
Selling, general and administrative92.4136140150
Interest expense1.72.53.23.2
Pre-tax income12311770.940.3
Income tax0.05.12.51.2
Effective tax rate0.0%4.4%3.5%3.1%
Net income12316.110.76.5
Net margin16.1%1.6%1.1%0.6%
Diluted EPSn/a$1.81$1.19$0.72
Filing10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

FY2023FY2024FY2025TTM
Operating cash flow76.319.1-31.337.4
Capital expenditure1.33.95.53.5
Free cash flow74.915.2-36.933.9
Free cash flow margin9.8%1.6%-3.8%3.4%
Cash from investing-76.8-4.7-6.6-3.6
Cash from financing-9.2-11.828.3-36.4
Depreciation1.11.82.53.3
Share-based compensation0.04.43.74.8
Diluted shares, weightedn/a9m9m8m
Shares outstanding at period endn/an/an/a51m
Filing10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2023FY2024FY2025TTM
Funded by
Shareholders' equityn/a73.686.779.5
Non-controlling interest0.0328357353
Debt75.63.144.166.0
Other liabilities27771.169.493.1
Total liabilities and equity353476558592
Owned
Fixed assets1.53.89.79.2
Goodwill25.725.725.725.7
Cash and equivalents19.822.412.714.2
Other assets306424509543
Total assets353476558592
Filing10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/an/an/a-1.2%
Profit growth, compoundedn/an/an/a-55.5%
Return on equity, averagen/an/a17.1%12.3%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Smith Douglas Homes' revenue in fiscal 2025?

Smith Douglas Homes (SDHC) reported revenue of $971 million for fiscal 2025, the year ended 31 December 2025, down 0.4% on the year before.

How much did Smith Douglas Homes earn in fiscal 2025?

Net income was $11 million for fiscal 2025, and diluted earnings per share $1.19.

What is Smith Douglas Homes' P/E ratio?

At the close of 30 October 2026, Smith Douglas Homes traded at 14.2 times its earnings over the twelve months to 30 June 2026.

What is Smith Douglas Homes' market cap?

The market cap of Smith Douglas Homes was $520 million at the close of 30 October 2026.

How much debt does Smith Douglas Homes have?

At 30 June 2026 Smith Douglas Homes carried $66 million of debt and $14 million of cash.

Peers: Construction

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
D.R. Horton, Inc. DHI$41.0 billion13.8912.8%n/a-3.5%0.301.2%
PulteGroup Inc. PHM$23.0 billion13.3313.7%n/a-9.3%0.170.8%
NVR Inc. NVR$15.9 billion15.4733.7%n/a-9.9%0.27n/a
Toll Brothers, Inc. TOL$13.5 billion11.7214.0%13.8%-1.1%0.320.7%
Everus Construction Group, Inc. ECG$5.2 billion20.6632.9%7.8%30.5%0.35n/a
M/I Homes, Inc. MHO$3.2 billion12.218.5%8.2%-6.0%0.16n/a
KB Home KBH$2.9 billion13.516.0%n/a-20.8%0.552.1%
Green Brick Partners, Inc. GRBK$2.6 billion9.7913.5%n/a-6.9%0.14n/a
Century Communities, Inc. CCS$1.5 billion14.014.3%n/a-8.2%0.71n/a
LGI Homes, Inc. LGIH$1.0 billion15.593.1%n/a-16.7%0.74n/a
Dream Finders Homes, Inc. DFH$887 million6.8410.2%n/a-12.2%1.27n/a
Smith Douglas Homes Corp. SDHC$520 million14.228.1%n/a-1.2%0.83n/a
All 43 in Construction
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Quanta Services, Inc. PWR$93.5 billion56.2316.0%6.8%37.1%0.660.1%
Comfort Systems USA Inc. FIX$43.1 billion26.6048.9%16.7%50.7%0.010.2%
D.R. Horton, Inc. DHI$41.0 billion13.8912.8%n/a-3.5%0.301.2%
Emcor Group, Inc. EME$29.9 billion19.6236.1%10.4%22.1%0.000.2%
PulteGroup Inc. PHM$23.0 billion13.3313.7%n/a-9.3%0.170.8%
Lennar Corp. LEN$20.7 billion16.436.1%5.4%-8.0%0.27n/a
Jacobs Solutions Inc. J$18.1 billion54.2410.4%4.6%20.1%1.100.9%
NVR Inc. NVR$15.9 billion15.4733.7%n/a-9.9%0.27n/a
Mastec Inc. MTZ$14.9 billion30.4011.9%n/a25.7%1.03n/a
Toll Brothers, Inc. TOL$13.5 billion11.7214.0%13.8%-1.1%0.320.7%
Sterling Infrastructure, Inc. STRL$10.6 billion19.4236.8%18.2%93.1%0.06n/a
Dycom Industries Inc. DY$6.9 billion20.7216.0%7.8%37.8%1.37n/a
Fluor Corp. FLR$6.4 billionn/a-74.3%-1.4%-4.8%0.40n/a
Installed Building Products, Inc. IBP$5.7 billion22.9739.2%12.4%0.3%1.661.6%
Granite Construction Inc. GVA$5.5 billionn/a-28.0%7.5%25.1%1.640.4%
Everus Construction Group, Inc. ECG$5.2 billion20.6632.9%7.8%30.5%0.35n/a
Construction Partners, Inc. ROAD$5.1 billion35.2613.7%8.6%41.9%1.72n/a
Kbr, Inc. KBR$4.9 billion11.1225.1%9.4%-3.0%1.441.7%
Argan Inc. AGX$4.8 billion27.2135.4%15.4%29.0%0.000.6%
Solv Energy, Inc. MWH$4.7 billionn/an/an/an/a0.00n/a
MYR Group Inc. MYRG$4.4 billion22.9623.6%6.1%22.8%0.26n/a
Legence Corp. LGN$4.2 billionn/a-7.5%0.8%n/a1.72n/a
Tutor Perini Corp. TPC$4.2 billion34.389.8%4.5%24.7%0.310.1%
IES Holdings, Inc. IESC$4.1 billion9.1637.1%12.4%22.7%0.00n/a
Primoris Services Corp. PRIM$3.9 billion28.528.7%2.9%5.1%0.500.4%
GEO Group Inc. GEO$3.8 billion13.4619.2%11.2%15.4%1.02n/a
M/I Homes, Inc. MHO$3.2 billion12.218.5%8.2%-6.0%0.16n/a
KB Home KBH$2.9 billion13.516.0%n/a-20.8%0.552.1%
Green Brick Partners, Inc. GRBK$2.6 billion9.7913.5%n/a-6.9%0.14n/a
Sunrun Inc. RUN$1.8 billion5.0611.5%2.7%63.2%4.34n/a
Century Communities, Inc. CCS$1.5 billion14.014.3%n/a-8.2%0.71n/a
Preformed Line Products Co. PLPC$1.4 billion24.4211.4%10.1%16.3%0.110.3%
Ameresco, Inc. AMRC$1.1 billionn/an/an/an/a1.58n/a
LGI Homes, Inc. LGIH$1.0 billion15.593.1%n/a-16.7%0.74n/a
Dream Finders Homes, Inc. DFH$887 million6.8410.2%n/a-12.2%1.27n/a
Cardinal Infrastructure Group Inc. CDNL$724 millionn/an/an/an/a0.80n/a
Limbach Holdings, Inc. LMB$577 million19.3814.9%5.7%23.7%0.20n/a
Smith Douglas Homes Corp. SDHC$520 million14.228.1%n/a-1.2%0.83n/a
Concrete Pumping Holdings, Inc. BBCP$516 million64.003.9%11.5%6.9%1.56n/a
Orion Group Holdings Inc. ORN$342 million56.133.3%1.2%11.0%0.63n/a
Matrix Service Co. MTRX$258 millionn/a-1.8%-1.1%13.6%0.00n/a
Energy Services of America Corp. ESOA$175 million15.44n/a3.9%21.2%0.541.4%
Shimmick Corp. SHIM$104 millionn/an/a-1.9%-16.0%n/an/a
11 companies share its SEC industry code (Operative Builders); the rest are the names nearest in size in its wider industry, Construction, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20266 August 2026EDGAR
10-Q31 March 202630 April 2026EDGAR
10-K31 December 202512 March 2026EDGAR
10-Q30 September 20255 November 2025EDGAR
10-Q30 June 20256 August 2025EDGAR
10-Q31 March 202514 May 2025EDGAR
10-K31 December 202421 March 2025EDGAR
10-Q30 September 202412 November 2024EDGAR
10-Q30 June 202414 August 2024EDGAR
10-Q31 March 202415 May 2024EDGAR