Smart Sand (SND) Operating Margin (2015 - 2026)
Smart Sand (SND) recorded quarterly Operating Margin of 5.23% in Q1 2026, down 66.6% quarter-over-quarter from 3.14% in Q4 2025, and up 552.0% on a YoY basis from 0.8% in Q1 2025.
Smart Sand (SND) Operating Margin (2015 - 2026) Analysis & Trends
Smart Sand's Operating Margin history runs 12 years deep, the most recent figure standing at 5.23% for Q1 2026.
- In Q1 2026, Operating Margin rose 552.0% year-over-year to 5.23%; the TTM figure through Mar 2026 stood at 0.64% (up 101.0% YoY), while the FY2025 annual figure was 1.35%, down 232.0% from the prior year.
- Operating Margin was 5.23% for Q1 2026 at Smart Sand, down from 3.14% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 6.41% in Q3 2023 to a low of 23.91% in Q1 2022.
- Historically, Operating Margin has averaged 1.77% across 5 years, with a median of 0.94% in 2024.
- The sharpest annual moves came in 2022 and 2023: Operating Margin surged 9875 bps in 2022, then sank 1500 bps in 2023.
- A 5-year view of Operating Margin shows it stood at 2.24% in 2022, then slumped by 669 bps to 12.76% in 2023, then soared by 131 bps to 3.94% in 2024, then tumbled by 180 bps to 3.14% in 2025, then slumped by 67 bps to 5.23% in 2026.
- The last three Operating Margin figures came in at 5.23% (Q1 2026), 3.14% (Q4 2025), and 5.79% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 82.25 Bn | 80.04 Bn | 4.67 Bn | 50.58% |
| 2 | Baker Hughes | 61.96 Bn | 47.38 Bn | 1.51 Bn | 11.87% |
| 3 | Halliburton | 32.79 Bn | 30.84 Bn | 2.04 Bn | 12.57% |
| 4 | TechnipFMC | 26.73 Bn | 25.47 Bn | 1.49 Bn | 14.51% |
| 5 | Enerflex | 8.62 Bn | 8.57 Bn | - | 15.64% |
| 6 | Nov | 7.27 Bn | 5.98 Bn | 119.00 Mn | 2.29% |
| 7 | Weatherford International | 6.99 Bn | 5.94 Bn | 876.00 Mn | 10.68% |
| 8 | Archrock | 5.95 Bn | 5.95 Bn | 247.42 Mn | 53.94% |
| 9 | Kodiak Gas Services | 5.60 Bn | 5.50 Bn | 222.88 Mn | 30.89% |
| 10 | Smart Sand | 213.49 Mn | 194.04 Mn | 6.11 Mn | -5.23% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -5.23% |
| Dec 31, 2025 | -3.14% |
| Sep 30, 2025 | 5.79% |
| Jun 30, 2025 | -0.09% |
| Mar 31, 2025 | -10.75% |
| Dec 31, 2024 | 3.94% |
| Sep 30, 2024 | -7.78% |
| Jun 30, 2024 | 4.78% |
| Mar 31, 2024 | 0.94% |
| Dec 31, 2023 | -12.76% |
| Sep 30, 2023 | 6.41% |
| Jun 30, 2023 | 4.12% |
| Mar 31, 2023 | -1.95% |
| Dec 31, 2022 | 2.24% |
| Sep 30, 2022 | 5.28% |
| Jun 30, 2022 | 2.02% |
| Mar 31, 2022 | -23.91% |
| Dec 31, 2021 | -42.74% |
| Sep 30, 2021 | -25.40% |
| Jun 30, 2021 | -96.73% |