Growth Metrics

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

Smart Sand has reported Operating Margin over the past 11 years, most recently at 3.14% for Q4 2025.

  • Quarterly results put Operating Margin at 3.14% for Q4 2025, down 709.0% from a year ago — trailing twelve months through Dec 2025 was 1.35% (down 232.0% YoY), and the annual figure for FY2025 was 1.35%, down 232.0%.
  • Operating Margin for Q4 2025 was 3.14% at Smart Sand, down from 5.79% in the prior quarter.
  • Over the last five years, Operating Margin for SND hit a ceiling of 6.41% in Q3 2023 and a floor of 96.73% in Q2 2021.
  • Median Operating Margin over the past 5 years was 1.02% (2023), compared with a mean of 11.5%.
  • Biggest five-year swings in Operating Margin: plummeted -12988bps in 2021 and later skyrocketed 9875bps in 2022.
  • Smart Sand's Operating Margin stood at 42.74% in 2021, then surged by 105bps to 2.24% in 2022, then plummeted by -669bps to 12.76% in 2023, then skyrocketed by 131bps to 3.94% in 2024, then tumbled by -180bps to 3.14% in 2025.
  • The last three reported values for Operating Margin were 3.14% (Q4 2025), 5.79% (Q3 2025), and 0.09% (Q2 2025) per Business Quant data.