Growth Metrics

Smart Sand (SND) Gross Margin (2016 - 2025)

Smart Sand has reported Gross Margin over the past 11 years, most recently at 13.04% for Q4 2025.

  • Quarterly results put Gross Margin at 13.04% for Q4 2025, down 168.0% from a year ago — trailing twelve months through Dec 2025 was 11.48% (down 292.0% YoY), and the annual figure for FY2025 was 11.48%, down 292.0%.
  • Gross Margin for Q4 2025 was 13.04% at Smart Sand, down from 16.1% in the prior quarter.
  • Over the last five years, Gross Margin for SND hit a ceiling of 18.72% in Q3 2023 and a floor of 18.59% in Q4 2021.
  • Median Gross Margin over the past 5 years was 13.05% (2025), compared with a mean of 7.2%.
  • Biggest five-year swings in Gross Margin: tumbled -6236bps in 2021 and later soared 3372bps in 2022.
  • Smart Sand's Gross Margin stood at 18.59% in 2021, then soared by 181bps to 15.13% in 2022, then crashed by -70bps to 4.57% in 2023, then skyrocketed by 222bps to 14.72% in 2024, then dropped by -11bps to 13.04% in 2025.
  • The last three reported values for Gross Margin were 13.04% (Q4 2025), 16.1% (Q3 2025), and 10.44% (Q2 2025) per Business Quant data.