Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data Smith Douglas Homes Corp. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2024
FY2024
FY2025
Revenue
765
975
971
Cost of revenue
548
720
759
Gross profit
216
256
212
Selling, general and administrative
92.4
136
140
Interest expense
1.66
2.49
3.19
Other non-operating income
0.02
-0.94
-0.37
Pre-tax income
123
117
70.9
Income tax
0
5.07
2.49
Net income to minority interests
95.8
57.7
Net income
123
16.1
10.7
EPS, basic
1.82
1.19
EPS, diluted
1.81
1.19
Shares, basic (weighted)
8.85
9
Shares, diluted (weighted)
9.06
9.21
Balance sheet
FY2024
FY2024
FY2025
Cash and equivalents
19.8
22.4
12.7
Property, plant and equipment
1.54
3.78
9.72
Lease right-of-use assets
1.79
3.07
1.9
Goodwill
25.7
25.7
25.7
Total assets
353
476
558
Total liabilities
144
74.2
113
Paid-in capital
0
58.2
60.6
Retained earnings
0
15.4
26.1
Treasury stock
0
Shareholders' equity
0
73.6
86.7
Minority interests
0
328
357
Total equity
209
402
444
Total liabilities and equity
353
476
558
Cash flow statement
FY2024
FY2024
FY2025
Net income
123
112
68.4
Depreciation and amortization
1.08
1.83
2.55
Stock-based compensation
0
4.36
3.67
Deferred income tax
0
0.35
1.24
Change in payables
5.53
-0.08
-15.3
Cash from operations
76.3
19.1
-31.3
Capital expenditures
-1.31
-3.89
-5.52
Acquisitions
-75.9
0
Cash from investing
-76.8
-4.71
-6.63
Stock issued
0
0
0
Cash from financing
-9.25
-11.8
28.3
Net change in cash
-9.82
2.59
-9.62
Free cash flow
74.9
15.2
-36.9
Interest paid
0.67
1.74
1.96
Income taxes paid
0
4.3
3.59
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $10.28 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
19.5%
Gross profit / revenue.
Pre-tax margin
4.0%
Pre-tax income / revenue.
Net margin
0.6%
Net income / revenue.
FCF margin
3.4%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
3.7%
Cash from operations / revenue.
Effective tax rate
3.1%
Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)
8.1%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
1.1%
Net income / average total assets.
SG&A / revenue
15.0%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
0.5%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
0.4%
Capital expenditures / revenue.
D&A / revenue
0.3%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-0.4%
Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y
-17.0%
Gross profit vs the same period a year earlier. Only from a positive base.
Net income growth, 1y
-33.5%
Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y
-34.3%
EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
-263.8%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y
-341.8%
Free cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
17.8%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
17.2%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
1.7%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Free cash flow / net income, when net income is positive.
Capex / operating cash flow
9.4%
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
$0.77
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$119.55
Revenue / diluted weighted shares.
FCF per share
$4.04
Free cash flow / diluted weighted shares.
Operating cash flow per share
$4.46
Cash from operations / diluted weighted shares.
Book value per share
$9.48
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/E
80.9x
Market cap / net income. Only when net income is positive.
P/S
0.52x
Market cap / revenue.
P/B
6.58x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
9.72x
Market cap / tangible book value, when positive.
P/FCF
15.4x
Market cap / free cash flow. Only when free cash flow is positive.
P/OCF
14.0x
Market cap / cash from operations, when positive.
EV/Sales
0.51x
Enterprise value / revenue.
EV/FCF
15.0x
Enterprise value / free cash flow, when both are positive.
FCF yield
6.5%
Free cash flow / market cap.
Earnings yield
1.2%
Net income / market cap (the inverse of P/E).
What was Smith Douglas Homes Corp.'s revenue in fiscal 2025?
Smith Douglas Homes Corp. reported revenue of $971.1M for fiscal 2025, 0.4% lower than the year before.
Was Smith Douglas Homes Corp. profitable in fiscal 2025?
Yes. Net income was $10.7M, a net margin of 1.1%.
How much free cash flow did Smith Douglas Homes Corp. generate in fiscal 2025?
Cash from operations of $31.3M minus capital expenditures of $5.5M left free cash flow of -$36.9M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.