Smart Sand (SND) Gross Margin (2015 - 2026)

Smart Sand's Gross Margin history runs 12 years deep, the most recent figure standing at 6.56% for Q1 2026.

• On a quarterly basis, Gross Margin rose 233.0% year-over-year to 6.56% in Q1 2026; TTM through Mar 2026 was 11.52%, a 65.0% decrease from a year earlier, with the FY2025 full-year figure at 11.48%, down 292.0% from the prior year.
• Gross Margin eased to 6.56% in Q1 2026 per SND's latest filing, from 13.04% in the prior quarter.
• Across five years, Gross Margin topped out at 18.72% in Q3 2023 and bottomed at 4.76% in Q1 2022.
• The 5-year median for Gross Margin is 14.13% (2023), against an average of 11.83%.
• Across the five-year window, Gross Margin soared 3372 bps in 2022 and tumbled 1056 bps in 2023, its largest moves.
• Year by year, Gross Margin stood at 15.13% in 2022, then tumbled by 70 bps to 4.57% in 2023, then soared by 222 bps to 14.72% in 2024, then fell by 11 bps to 13.04% in 2025, then plunged by 50 bps to 6.56% in 2026.
• Per Business Quant, the three latest SND Gross Margin figures stand at 6.56% (Q1 2026), 13.04% (Q4 2025), and 16.1% (Q3 2025).