Smart Sand (SND) Gross Margin (2015 - 2026)
Smart Sand (SND) posted quarterly Gross Margin of 6.56% for Q1 2026, up 233.0% year-over-year from 1.97% in Q1 2025, and down 49.71% quarter-over-quarter from 13.04% in Q4 2025.
Smart Sand (SND) Gross Margin (2015 - 2026) Analysis & Trends
Smart Sand's Gross Margin history runs 12 years deep, the most recent figure standing at 6.56% for Q1 2026.
- In Q1 2026, Gross Margin rose 233.0% year-over-year to 6.56%; the TTM figure through Mar 2026 stood at 11.52% (down 65.0% YoY), while the FY2025 annual figure was 11.48%, down 292.0% from the prior year.
- Gross Margin for Q1 2026 stood at 6.56%, down from 13.04% in the prior quarter.
- The five-year high for Gross Margin was 18.72% in Q3 2023, with the low at 4.76% in Q1 2022.
- The 5-year median for Gross Margin is 14.13% (2023), against an average of 11.83%.
- The sharpest annual moves came in 2022 and 2023: Gross Margin soared 3372 bps in 2022, then slumped 1056 bps in 2023.
- Smart Sand's Gross Margin stood at 15.13% in 2022, then plunged by 70 bps to 4.57% in 2023, then surged by 222 bps to 14.72% in 2024, then declined by 11 bps to 13.04% in 2025, then sank by 50 bps to 6.56% in 2026.
- Business Quant data shows SND's Gross Margin at 6.56% in Q1 2026, 13.04% in Q4 2025, and 16.1% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 80.33 Bn | 76.25 Bn | 4.63 Bn | 51.63% |
| 2 | Baker Hughes | 61.93 Bn | 46.20 Bn | 1.58 Bn | 23.46% |
| 3 | Tenaris | 53.10 Bn | 44.08 Bn | 984.66 | - |
| 4 | TechnipFMC | 30.78 Bn | 29.54 Bn | 1.40 Bn | 50.62% |
| 5 | Halliburton | 29.58 Bn | 27.53 Bn | 2.10 Bn | 36.80% |
| 6 | Nov | 7.35 Bn | 6.19 Bn | 521.00 Mn | 24.41% |
| 7 | Weatherford International | 6.52 Bn | 5.39 Bn | 662.00 Mn | 59.91% |
| 8 | Kodiak Gas Services | 5.83 Bn | 5.69 Bn | 246.76 Mn | 63.09% |
| 9 | Archrock | 5.52 Bn | 5.52 Bn | 244.51 Mn | 65.86% |
| 10 | Smart Sand | 190.61 Mn | 180.41 Mn | 19.83 Mn | 17.23% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 17.23% |
| Mar 31, 2026 | 6.56% |
| Dec 31, 2025 | 13.04% |
| Sep 30, 2025 | 16.10% |
| Jun 30, 2025 | 10.44% |
| Mar 31, 2025 | 4.23% |
| Dec 31, 2024 | 14.72% |
| Sep 30, 2024 | 10.27% |
| Jun 30, 2024 | 17.71% |
| Mar 31, 2024 | 14.22% |
| Dec 31, 2023 | 4.57% |
| Sep 30, 2023 | 18.72% |
| Jun 30, 2023 | 16.97% |
| Mar 31, 2023 | 14.13% |
| Dec 31, 2022 | 15.13% |
| Sep 30, 2022 | 15.96% |
| Jun 30, 2022 | 13.06% |
| Mar 31, 2022 | -4.76% |
| Dec 31, 2021 | -18.59% |
| Sep 30, 2021 | -5.94% |