Smart Sand (SND) Gross Margin (2015 - 2026)
Smart Sand (SND) recorded quarterly Gross Margin of 6.56% in Q1 2026, down 49.71% quarter-over-quarter from 13.04% in Q4 2025, and up 233.0% on a YoY basis from 1.97% in Q1 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 was 6.56% for Q1 2026 at Smart Sand, down from 13.04% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 18.72% in Q3 2023 to a low of 4.76% in Q1 2022.
- Historically, Gross Margin has averaged 11.83% across 5 years, with a median of 14.13% in 2023.
- The sharpest annual moves came in 2022 and 2023: Gross Margin jumped 3372 bps in 2022, then tumbled 1056 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 15.13% in 2022, then sank 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 slumped by 50 bps to 6.56% in 2026.
- The last three Gross Margin figures came in at 6.56% (Q1 2026), 13.04% (Q4 2025), and 16.1% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 82.25 Bn | 80.04 Bn | 4.67 Bn | 53.57% |
| 2 | Baker Hughes | 61.96 Bn | 47.38 Bn | 1.51 Bn | 22.98% |
| 3 | Halliburton | 32.79 Bn | 30.84 Bn | 2.04 Bn | 37.69% |
| 4 | TechnipFMC | 26.73 Bn | 25.47 Bn | 1.49 Bn | 59.67% |
| 5 | Enerflex | 8.62 Bn | 8.57 Bn | - | - |
| 6 | Nov | 7.27 Bn | 5.98 Bn | 119.00 Mn | 5.80% |
| 7 | Weatherford International | 6.99 Bn | 5.94 Bn | 876.00 Mn | 76.04% |
| 8 | Archrock | 5.95 Bn | 5.95 Bn | 247.42 Mn | 66.20% |
| 9 | Kodiak Gas Services | 5.60 Bn | 5.50 Bn | 222.88 Mn | 64.46% |
| 10 | Smart Sand | 213.49 Mn | 194.04 Mn | 6.11 Mn | 6.56% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | -7.96% |