Smart Sand, Inc. Financial Ratios — SND Stock

Profitability (USD)

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	14.2	12.95	10.07	13.9	14.21	-19.12	-0.29	1.91	1.23	0.56
Return on Assets (%)	- -	4.12	6.78	10.24	7.09	9.25	9.6	-12.64	-0.19	1.32	0.87	0.39
Return on Capital (%)	- -	14.32	13.81	- -	9.75	12.19	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	14.52	9.82	- -	15.26	15.73	- -	- -	- -	- -	- -	- -
Gross Margin (%)	56.09	55.97	55.14	26.9	32.65	34.78	14.81	-12.56	11.57	14.04	14.4	11.48
EBITDA Margin (%)	43.14	45.92	45.37	19.41	29.09	35.86	11.13	-13.61	9.33	9.65	10.85	7.58
Operating Margin (%)	37.8	34.77	34.43	13.63	20.55	23.92	-7.61	-34.22	-1.34	0.1	1.31	-1.52
Incremental Operating Margin (%)	- -	44.86	33.02	-2.16	33.15	58.71	- -	- -	- -	9.25	24.47	- -
Pretax Margin (%)	25.05	19.12	33.38	13.64	12.05	16.92	20.41	-47.13	-1.53	-0.76	0.08	-1.69
Profit Margin (%)	11.08	10.46	17.52	15.69	9.46	13.57	31.02	-40.01	-0.27	1.57	0.96	0.41
Net Income to Common Margin (%)	11.08	10.46	17.52	15.69	9.46	13.57	31.02	-40.01	-0.27	1.57	0.96	0.41
Effective Tax Rate (%)	55.75	45.28	47.51	- -	21.51	19.8	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	0.07	0.1	0.04	- -	- -	- -	- -	- -	- -	- -	130.41	442.23
Sustainable Growth Rate (%)	- -	- -	14.2	12.95	10.07	13.9	14.21	-19.12	-0.29	1.91	-0.37	-1.9

Credit (USD)

Credit Ratios API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	61	66	2	1	49	63	63	55	45	44	37	36
ST Debt	- -	2	1	1	1	19	14	16	17	26	14	13
LT Debt	61	65	1	- -	48	44	49	39	27	18	24	23
Total Debt/EBITDA	2.09	3.03	0.07	0.03	0.79	0.75	4.66	-3.2	1.87	1.53	1.1	1.45
Net Debt/EBITDA	1.99	2.78	-1.71	-1.29	0.75	0.37	1.26	0.2	0.4	0.43	0.31	-0.39
Total Debt/EBIT	2.38	4	0.09	0.05	1.12	1.13	-6.81	-1.27	-13.02	146.82	9.15	-7.2
Net Debt/EBIT	2.27	3.67	-2.26	-1.84	1.07	0.56	-1.84	0.08	-2.82	41.3	2.6	1.96
EBITDA to Interest Expense	3.75	2.8	3.19	59.18	27.28	23.08	6.51	-8.71	14.84	22.46	19.1	17.04
EBITDA-CapEx/Interest Expense	-0.19	-0.96	2.89	-54.51	-15.12	16.03	2.39	-14.38	6.92	4.35	15.14	9.15
EBIT to Interest Expense	3.29	2.12	2.42	41.57	19.27	15.4	-4.45	-21.9	-2.13	0.23	2.3	-3.42
Interest Expense	8	8	8	- -	2	4	2	2	2	1	2	1
Common Equity/Total Assets	-1.79	2.81	82.12	76.99	65.37	67.57	67.53	64.48	67.63	69.96	71.38	70.5
Long-Term Debt/Equity (%)	- -	1,731.91	0.6	- -	22.88	17.8	17.13	16.19	11.27	7.23	9.69	9.62
Long-Term Debt/Capital (%)	102.47	92.14	0.6	- -	18.56	14.17	14.04	13.17	9.53	6.12	8.4	8.35
Long-Term Debt/Total Assets (%)	55.5	48.72	0.5	- -	14.95	12.03	11.57	10.44	7.62	5.05	6.91	6.78
Total Debt/Equity (%)	-3,134.13	1,779.59	1.27	0.45	23.27	25.65	21.97	22.89	18.29	18.06	15.27	15.09
Total Debt/Capital (%)	103.3	94.68	1.26	0.45	18.88	20.42	18.01	18.63	15.47	15.3	13.25	13.11
Total Debt/Total Assets (%)	55.95	50.06	1.05	0.35	15.21	17.33	14.83	14.76	12.37	12.63	10.9	10.64
Net Debt to Equity	-2,988.71	1,630.73	-32.29	-18.13	22.27	12.7	5.94	-1.43	3.97	5.08	4.34	-4.11
Net Debt/Capital (%)	99.85	91.87	-47.08	-22.06	18.17	10.19	5.04	-1.28	3.42	4.4	3.79	-3.88
EBITDA	29	22	27	27	62	84	14	-17	24	29	34	25
EBITDA-CapEx	-1	-7	24	-25	-34	58	5	-28	11	6	27	13
Operating Income (Loss)	26	17	20	19	44	56	-9	-43	-3	- -	4	-5

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.09	0.08	3.39	1.01	0.06	0.07	0.31	0.53	0.11	0.11	0.04	0.45
Current Ratio	2.49	0.34	4.74	2.12	2.03	2.3	3.01	1.52	1.31	1.14	1.75	1.76
Quick Ratio	1.08	0.2	3.81	1.72	1.15	1.66	2.2	1.03	0.84	0.6	1.12	1.09
CFO/Avg Current Liab	- -	1.07	0.86	0.65	1.72	1.38	0.66	0.76	0.11	0.58	0.37	0.95
Common Equity/Total Assets	-1.79	2.81	82.12	76.99	65.37	67.57	67.53	64.48	67.63	69.96	71.38	70.5
Long-Term Debt/Equity (%)	- -	1,731.91	0.6	- -	22.88	17.8	17.13	16.19	11.27	7.23	9.69	9.62
Long-Term Debt/Capital (%)	102.47	92.14	0.6	- -	18.56	14.17	14.04	13.17	9.53	6.12	8.4	8.35
Long-Term Debt/Total Assets (%)	55.5	48.72	0.5	- -	14.95	12.03	11.57	10.44	7.62	5.05	6.91	6.78
Total Debt/Equity (%)	-3,134.13	1,779.59	1.27	0.45	23.27	25.65	21.97	22.89	18.29	18.06	15.27	15.09
Total Debt/Capital (%)	103.3	94.68	1.26	0.45	18.88	20.42	18.01	18.63	15.47	15.3	13.25	13.11
Total Debt/Total Assets (%)	55.95	50.06	1.05	0.35	15.21	17.33	14.83	14.76	12.37	12.63	10.9	10.64
CFO/Total Liabilities	19.84	23.83	86.11	27.52	45.89	37.87	18.39	24.42	4.65	29.79	18.28	43.98
CFO/CapEx	0.72	1.05	10.6	0.31	0.53	1.75	2.96	2.89	0.43	1.35	2.55	3.8
Altman's Z-Score	1.47	0.48	13.6	4.87	1.99	2.2	1.15	0.64	1.42	1.63	1.92	2.29

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	9	16.1	9.56	10.03	5.98	1.9	2.9	9.61	10.04	9.7	9.24
Days Sales Outstanding	- -	40.55	22.67	38.19	36.39	61.01	191.91	125.66	37.98	36.37	37.64	39.52
Inventory Turnover	- -	3.08	3.46	10.09	10.18	7.6	5.14	8.35	12.85	10.82	10.28	10.41
Days Inventory Outstanding	- -	118.65	105.57	36.16	35.85	48.01	71.01	43.73	28.41	33.72	35.51	35.05
Accounts Payable Turnover	- -	10.82	22.51	7.16	8.12	20.25	28.2	23.57	20.19	17.13	16.03	22.59
Accounts Payable Turnover Days	- -	33.75	16.21	50.97	44.93	18.03	12.94	15.49	18.08	21.31	22.77	16.16
Cash Conversion Cycle	- -	125.46	112.03	23.39	27.3	90.99	249.97	153.9	48.32	48.78	50.38	58.41
Inventory to Cash Days	- -	-78.1	-82.89	2.03	0.55	13	120.9	81.92	9.57	2.65	2.12	4.48
Inventories	9	5	10	10	19	21	19	15	20	27	25	31
Raw Materials	- -	- -	- -	1	3	3	4	5	6	9	12	14
Work In Process	- -	- -	13	8	11	14	10	3	6	9	7	9
Finished Goods	- -	- -	- -	1	5	4	4	7	8	8	7	8
Other Inventory	9	5	7	9	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	642	350	89	101	72	74	77	74	88	156
- Cash & Cash Equivalents	1	4	47	35	1	3	12	26	6	6	2	23
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	61	66	2	1	49	63	63	55	45	44	37	36
Enterprise Value	61	62	598	316	136	162	123	104	116	112	124	169
Total Capital	59	70	144	191	258	309	352	296	288	286	281	276
Total Debt/Capital (%)	103.3	94.68	1.26	0.45	18.88	20.42	18.01	18.63	15.47	15.3	13.25	13.11
Total Debt / EV	1.01	1.06	- -	- -	0.36	0.39	0.51	0.53	0.38	0.39	0.3	0.21
EV/Sales	0.89	1.31	10.09	2.3	0.64	0.69	1.01	0.82	0.45	0.38	0.4	0.51
EV/EBITDA	2.06	2.85	22.24	11.86	2.2	1.94	9.05	- -	4.87	3.92	3.66	6.77
EV/EBIT	2.35	3.77	29.31	16.89	3.12	2.9	- -	- -	- -	375.7	30.39	- -
EV/Cash Flow to Firm	2.36	1.79	19.2	19.57	2.58	3.4	4.29	3.05	20.35	3.95	3.18	3.87
EV/Free Cash Flow to Firm	1.07	0.97	17.76	4.69	0.91	2.21	3.3	2.29	6.3	2.18	2.69	3.06
Diluted Market Cap	- -	- -	647	349	90	102	69	74	76	75	87	158
Diluted Enterprise Value	61	62	602	315	137	162	121	104	115	113	123	172
EV per Share	1.91	1.97	15.4	7.82	3.4	4.02	2.96	2.49	2.7	2.91	3.16	4.35
TTM Sales	68	48	59	137	212	233	122	127	256	296	311	330
TTM EBITDA	29	22	27	27	62	84	14	-17	24	29	34	25
TTM Operating Income	26	17	20	19	44	56	-9	-43	-3	- -	4	-5
TTM Cash Flow to Firm	26	35	31	16	53	48	29	34	6	28	39	44
TTM Free Cash Flow to Firm	56	64	34	67	149	73	37	45	18	51	46	55

Multiples (USD)

Valuation Multiples API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	22.13	5.23	0.61	1.45	2.03	1.7	4.18	1.39	3.51	2.84
EV/EBIT	2.35	3.77	29.31	16.89	3.12	2.9	- -	- -	- -	375.7	30.39	- -
Enterprise Value	61	62	598	316	136	162	123	104	116	112	124	169
Low Price	- -	- -	10.3	4.81	1.92	2.01	0.55	1.73	1.37	1.44	1.65	1.76
EV/Sales	0.89	1.31	10.09	2.3	0.64	0.69	1.01	0.82	0.45	0.38	0.4	0.51
EV/EBITDA	2.06	2.85	22.24	11.86	2.2	1.94	9.05	- -	4.87	3.92	3.66	6.77
Price/Earnings	- -	- -	61.89	16.18	4.46	3.2	1.82	- -	- -	16.17	29.18	116.13
Price/Earnings Average	- -	- -	58.29	19.85	11.51	3.66	1.47	-2.03	-148.61	15.75	27.03	66.66
Price/Earnings High	- -	- -	226.64	41.07	22.24	5.94	2.72	-3.43	-298.61	22.2	36.32	130.94
Price/Earnings Low	- -	- -	38.52	8.98	3.86	2.55	0.58	-1.43	-82.64	12.06	21.4	51.1
Price/Book Value	- -	- -	4.51	1.84	0.42	0.41	0.25	0.31	0.32	0.31	0.36	0.65
Price/Book Value Average	- -	- -	4.25	2.26	1.09	0.47	0.2	0.43	0.44	0.3	0.33	0.37
Price/Book Value High	- -	- -	16.51	4.67	2.11	0.77	0.37	0.72	0.88	0.42	0.45	0.73
Price/Book Value Low	- -	- -	2.81	1.02	0.37	0.33	0.08	0.3	0.24	0.23	0.26	0.29
Price/Tangible Book Value	- -	- -	4.51	1.84	0.46	0.43	0.25	0.32	0.33	0.31	0.37	0.66
Price/Tangible Book Value Average	- -	- -	4.25	2.26	1.2	0.49	0.2	0.44	0.45	0.31	0.34	0.38
Price/Tangible Book Value High	- -	- -	16.51	4.67	2.31	0.8	0.38	0.74	0.9	0.43	0.46	0.75
Price/Tangible Book Value Low	- -	- -	2.81	1.02	0.4	0.34	0.08	0.31	0.25	0.23	0.27	0.29
Price/Sales	- -	- -	10.85	2.54	0.42	0.43	0.57	0.59	0.3	0.25	0.28	0.47
Price/Sales Average	- -	- -	10.21	3.11	1.09	0.5	0.45	0.81	0.41	0.25	0.26	0.27
Price/Sales High	- -	- -	39.71	6.44	2.1	0.81	0.84	1.37	0.82	0.35	0.35	0.53
Price/Sales Low	- -	- -	6.75	1.41	0.37	0.35	0.18	0.57	0.23	0.19	0.21	0.21
Price/Cash Flow	- -	- -	24.06	22.28	1.76	2.27	2.71	2.29	14.01	2.43	4.89	3.54
Price/Cash Flow Average	- -	- -	22.66	27.35	4.54	2.59	2.18	3.16	19.28	2.36	4.53	2.03
Price/Cash Flow High	- -	- -	88.09	56.58	8.78	4.21	4.04	5.36	38.73	3.33	6.08	3.99
Price/Cash Flow Low	- -	- -	14.97	12.38	1.52	1.81	0.87	2.23	10.72	1.81	3.58	1.56
Price/Free Cash Flow Average	- -	- -	20.84	6.41	1.57	1.66	1.63	2.35	5.76	1.36	3.25	1.63
Price/Free Cash Flow High	- -	- -	81.03	13.27	3.04	2.69	3.02	3.98	11.57	1.92	4.37	3.2
Price/Free Cash Flow Low	- -	- -	13.77	2.9	0.53	1.16	0.65	1.66	3.2	1.04	2.57	1.25
EV/Sales Average	0.89	1.31	9.46	2.88	1.3	0.76	0.89	1.04	0.57	0.37	0.38	0.31
EV/Sales High	0.89	1.31	38.96	6.23	2.3	1.07	1.29	1.61	0.99	0.47	0.47	0.57
EV/Sales Low	0.89	1.31	5.99	1.17	0.58	0.61	0.61	0.8	0.38	0.31	0.32	0.25
EV/EBITDA Average	2.06	2.85	20.85	14.85	4.47	2.11	8.02	-7.67	6.09	3.85	3.46	4.12
EV/EBITDA High	2.06	2.85	85.87	32.08	7.92	2.98	11.62	-11.8	10.58	4.89	4.29	7.56
EV/EBITDA Low	2.06	2.85	13.21	6.02	2.01	1.69	5.48	-5.91	4.11	3.26	2.96	3.28
EV/EBIT Average	2.35	3.77	27.48	21.14	6.32	3.16	-11.72	-3.05	-42.43	369.26	28.79	-20.5
EV/EBIT High	2.35	3.77	113.16	45.68	11.21	4.46	-16.98	-4.69	-73.73	468.69	35.68	-37.66
EV/EBIT Low	2.35	3.77	17.41	8.58	2.84	2.53	-8.01	-2.35	-28.66	312.42	24.63	-16.35
Last Price	- -	- -	16.55	8.66	2.22	2.52	1.72	1.78	1.79	1.93	2.25	4
High Price	- -	- -	60.6	21.99	11.06	4.68	2.56	4.16	4.95	2.65	2.8	4.51
Enterprise Value Average	61	62	560	395	276	176	109	132	145	110	117	103
Enterprise Value High	61	62	2,308	854	489	249	158	203	252	140	145	189
Enterprise Value Low	61	62	355	160	124	141	75	102	98	93	100	82

Shares Outstanding	32	32	39	40	40	40	42	42	43	38	39	39
Diluted Weighted Avg Shares	34	34	39	40	40	40	40	42	42	39	39	40
Basic Weighted Avg Shares	34	34	39	40	40	40	40	42	42	39	39	39
Revenue per Share	1.99	1.39	1.53	3.41	5.26	5.81	3.04	3.03	6.03	7.6	8.02	8.45
EBITDA per Share	0.86	0.64	0.69	0.66	1.53	2.08	0.34	-0.41	0.56	0.73	0.87	0.64
Operating Income per Share	0.75	0.48	0.53	0.47	1.08	1.39	-0.23	-1.04	-0.08	0.01	0.1	-0.13
Basic EPS, GAAP	0.22	0.15	0.27	0.54	0.5	0.79	0.94	-1.21	-0.02	0.12	0.08	0.03
Basic EPS from Cont Ops	0.22	0.15	0.27	0.54	0.5	0.79	0.94	-1.21	-0.02	0.12	0.08	0.03
Diluted EPS, GAAP	0.22	0.15	0.27	0.53	0.5	0.78	0.94	-1.21	-0.02	0.12	0.08	0.03
Diluted EPS from Cont Ops	0.22	0.15	0.27	0.53	0.5	0.78	0.94	-1.21	-0.02	0.12	0.08	0.03
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.1	0.15
Cash Flow per Share	0.65	0.9	0.69	0.39	1.26	1.11	0.63	0.78	0.13	0.8	0.46	1.13
Free Cash Flow per Basic Share	-0.26	0.04	0.62	-0.88	-1.12	0.48	0.42	0.51	-0.17	0.2	0.28	0.83
Cash & Equivalents per Share	0.03	0.12	1.2	0.86	0.04	0.07	0.28	0.61	0.13	0.16	0.04	0.58
Book Value per Share	-0.06	0.12	3.67	4.7	5.24	6.1	6.95	5.77	5.65	6.29	6.24	6.15
Tangible Book Value per Share	-0.06	0.12	3.67	4.7	4.79	5.88	6.75	5.59	5.5	6.14	6.11	6.04

Smart Sand, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)