Smart Sand Inc (SND) - Net Assets
Based on the latest financial reports, Smart Sand Inc (SND) has net assets worth $239.70 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($340.01 Million) and total liabilities ($100.32 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Smart Sand Inc liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $239.70 Million |
| % of Total Assets | 70.5% |
| Annual Growth Rate | N/A |
| 5-Year Change | -0.61% |
| 10-Year Change | 68.28% |
| Growth Volatility | 1113.98 |
Smart Sand Inc - Net Assets Trend (2014–2025)
This chart illustrates how Smart Sand Inc's net assets have evolved over time, based on quarterly financial data. Also explore SND asset base for the complete picture of this company's asset base.
Annual Net Assets for Smart Sand Inc (2014–2025)
The table below shows the annual net assets of Smart Sand Inc from 2014 to 2025. For live valuation and market cap data, see SND company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $239.70 Million | -1.69% |
| 2024-12-31 | $243.81 Million | +0.64% |
| 2023-12-31 | $242.27 Million | -0.49% |
| 2022-12-31 | $243.47 Million | +0.96% |
| 2021-12-31 | $241.16 Million | -16.50% |
| 2020-12-31 | $288.81 Million | +18.29% |
| 2019-12-31 | $244.14 Million | +16.61% |
| 2018-12-31 | $209.36 Million | +10.18% |
| 2017-12-31 | $190.02 Million | +33.40% |
| 2016-12-31 | $142.44 Million | +3719.84% |
| 2015-12-31 | $3.73 Million | +290.55% |
| 2014-12-31 | $-1.96 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Smart Sand Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 7337900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $68.07 Million | 28.40% |
| Common Stock | $39.00K | 0.02% |
| Other Comprehensive Income | $-53.00K | -0.02% |
| Other Components | $171.64 Million | 71.61% |
| Total Equity | $239.70 Million | 100.00% |
Smart Sand Inc Competitors by Market Cap
The table below lists competitors of Smart Sand Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Invesco Pennsylvania Value Municipal Income Trust
NYSE:VPV
|
$193.02 Million |
|
Korea Alcohol Industrial Co. Ltd
KQ:017890
|
$193.07 Million |
|
E-Data Teknoloji Pazarlama AS
IS:EDATA
|
$193.12 Million |
|
Naturelgaz Sanayi ve Ticaret AS
IS:NTGAZ
|
$193.18 Million |
|
Stalexport Autostrady SA
WAR:STX
|
$192.92 Million |
|
Yuan High-Tech Development Co Ltd
TWO:5474
|
$192.89 Million |
|
STILLFRONT GRP AB SK-07
F:1YS0
|
$192.76 Million |
|
Orient Group Inc
SHG:600811
|
$192.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Smart Sand Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 243,810,000 to 239,697,000, a change of -4,113,000 (-1.7%).
- Net income of 1,345,000 contributed positively to equity growth.
- Dividend payments of 5,948,000 reduced retained earnings.
- Share repurchases of 2,723,000 reduced equity.
- Other comprehensive income increased equity by 7,000.
- Other factors increased equity by 3,206,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.34 Million | +0.56% |
| Dividends Paid | $5.95 Million | -2.48% |
| Share Repurchases | $2.72 Million | -1.14% |
| Other Comprehensive Income | $7.00K | +0.0% |
| Other Changes | $3.21 Million | +1.34% |
| Total Change | $- | -1.69% |
Book Value vs Market Value Analysis
This analysis compares Smart Sand Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.89x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | $-0.09 | $5.39 | x |
| 2015-12-31 | $0.11 | $5.39 | x |
| 2016-12-31 | $5.80 | $5.39 | x |
| 2017-12-31 | $4.71 | $5.39 | x |
| 2018-12-31 | $5.18 | $5.39 | x |
| 2019-12-31 | $6.05 | $5.39 | x |
| 2020-12-31 | $7.17 | $5.39 | x |
| 2021-12-31 | $5.77 | $5.39 | x |
| 2022-12-31 | $5.74 | $5.39 | x |
| 2023-12-31 | $6.20 | $5.39 | x |
| 2024-12-31 | $6.24 | $5.39 | x |
| 2025-12-31 | $6.05 | $5.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Smart Sand Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.56%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.41%
- • Asset Turnover: 0.97x
- • Equity Multiplier: 1.42x
- Recent ROE (0.56%) is below the historical average (14.15%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 0.00% | 11.08% | 0.62x | 0.00x | $7.75 Million |
| 2015 | 133.82% | 10.46% | 0.36x | 35.68x | $4.62 Million |
| 2016 | 7.29% | 17.52% | 0.34x | 1.22x | $-3.87 Million |
| 2017 | 11.33% | 15.69% | 0.56x | 1.30x | $2.52 Million |
| 2018 | 8.93% | 8.80% | 0.66x | 1.53x | $-2.25 Million |
| 2019 | 12.95% | 13.57% | 0.64x | 1.48x | $7.21 Million |
| 2020 | 13.14% | 31.02% | 0.29x | 1.48x | $9.07 Million |
| 2021 | -21.01% | -40.01% | 0.34x | 1.55x | $-74.79 Million |
| 2022 | -0.29% | -0.27% | 0.71x | 1.48x | $-25.05 Million |
| 2023 | 1.92% | 1.57% | 0.85x | 1.43x | $-19.58 Million |
| 2024 | 1.23% | 0.96% | 0.91x | 1.40x | $-21.39 Million |
| 2025 | 0.56% | 0.41% | 0.97x | 1.42x | $-22.62 Million |
Industry Comparison
This section compares Smart Sand Inc's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $4,027,366,900
- Average return on equity (ROE) among peers: 0.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Smart Sand Inc (SND) | $239.70 Million | 0.00% | 0.42x | $193.00 Million |
| ProFrac Holding Corp. (ACDC) | $176.81 Million | -1.24% | 2.26x | $980.32 Million |
| Atlas Energy Solutions Inc. (AESI) | $338.70 Million | 1.26% | 0.61x | $1.64 Billion |
| Archrock Inc (AROC) | $722.86 Million | 4.64% | 1.69x | $6.33 Billion |
| Baker Hughes Co (BKR) | $35.01 Billion | 0.56% | 0.50x | $62.90 Billion |
| ChampionX Corporation (CHX) | $1.64 Billion | 6.75% | 0.16x | $4.94 Billion |
| Core Laboratories NV (CLB) | $47.60 Million | 16.18% | 0.67x | $655.15 Million |
| Drilling Tools International Corp. (DTI) | $49.10 Million | 42.93% | 1.14x | $76.38 Million |
| Dawson Geophysical Company (DWSN) | $48.80 Million | -38.20% | 0.41x | $62.41 Million |
| Enerflex Ltd. (EFXT) | $1.21 Billion | 8.14% | 0.88x | $2.57 Billion |
| Forum Energy Technologies Inc (FET) | $1.03 Billion | -36.31% | 0.78x | $597.54 Million |
About Smart Sand Inc
Smart Sand, Inc., a fully integrated frac and industrial sand supply and services company, provides mine to wellsite proppant supply and logistics solutions to its frac sand customers in the United States and Canada. The company operates in two segments, Sand and SmartSystems. The Sand segment offers frac sand and industrial products solutions. The SmartSystems segment rents its patented SmartSys… Read more