Smith Douglas Homes Corp. (SDHC) Financial Statements
$10.44NYSE: SDHCMarket Cap $87.62M
Smith Douglas Homes Corp. most recently reported annual revenue of $971.0M, net profit of $11.0M. Revenue grew at an average annual rate of 17.0% over the last 4 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.
Smith Douglas Homes Corp.: Revenue rose from $519.0M in 2021 to $971.0M in 2025, a change of +87.1% over 4 years; net profit was positive in all 5 reported years; operating margin moved from 11.3% to 7.5%, a shift of -3.9 percentage points; the most recent year shows net profit of $11.0M.
Income Statement — 5 Years (USD millions)
Metric
2021
2022
2023
2024
2025
Revenue
$519.0M
$755.0M
$765.0M
$975.0M
$971.0M
Operating Expenses
$460.0M
$616.0M
$641.0M
$856.0M
$899.0M
Operating Profit
$59.0M
$140.0M
$124.0M
$119.0M
$72.0M
Operating Margin
11.3%
18.5%
16.2%
12.2%
7.5%
Other Income
$4.0M
$6.0M
$-1.0M
$-2.0M
$-1.0M
Interest
$2.0M
$1.0M
$2.0M
$2.0M
$3.0M
Depreciation
$1.0M
$1.0M
$1.0M
$2.0M
$3.0M
Profit Before Tax
$63.0M
$146.0M
$123.0M
$117.0M
$71.0M
Tax
$0
$3.8M
$0
$4.3M
$3.5M
Net Profit
$63.0M
$140.0M
$123.0M
$16.0M
$11.0M
EPS
$1.43
$3.22
$2.40
$1.81
$1.16
Dividend Payout
0.0%
0.0%
0.0%
0.0%
0.0%
Quarterly Results — Last 12 Quarters (USD millions)
6 duplicate period labels in the source data were collapsed.
Metric
Sep '23
Dec '23
Mar '24
Jun '24
Sep '24
Dec '24
Mar '25
Jun '25
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
$198.0M
$217.0M
$189.0M
$221.0M
$278.0M
$287.0M
$225.0M
$224.0M
$262.0M
$260.0M
$206.0M
$273.0M
Operating Expenses
$198.0M
$187.0M
$167.0M
$194.0M
$238.0M
$257.0M
$204.0M
$207.0M
$243.0M
$245.0M
$202.0M
$267.0M
Operating Profit
$0
$30.0M
$22.0M
$27.0M
$40.0M
$30.0M
$21.0M
$17.0M
$19.0M
$16.0M
$5.0M
$6.0M
Operating Margin
0.0%
14.0%
11.6%
12.3%
14.2%
10.6%
9.1%
7.7%
7.2%
6.0%
2.2%
2.2%
Interest
$0
$1.0M
$1.0M
$1.0M
$1.0M
$1.0M
$1.0M
$1.0M
$1.0M
$1.0M
$1.0M
$1.0M
Profit Before Tax
$34.0M
$30.0M
$21.0M
$26.0M
$40.0M
$30.0M
$20.0M
$17.0M
$17.0M
$17.0M
$4.0M
$2.0M
Tax
$0
$0
$4.3M
$4.4M
$4.5M
$4.2M
$4.4M
$4.3M
$5.9M
$-770,000
$5.9M
$5.3M
Net Profit
$34.0M
$30.0M
$3.0M
$4.0M
$5.0M
$4.0M
$3.0M
$2.0M
$2.0M
$4.0M
$1.0M
$0
EPS
$0.66
$0.58
$0.06
$0.07
$0.60
$0.46
$0.30
$0.26
$0.24
$0.39
$0.06
$0.03
Over the 5 years reported for Smith Douglas Homes Corp., borrowings increased from $74.0M in 2021 to $74.0M in 2025, cash stood at $13.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 18.84 times.
Balance Sheet — 5 Years (USD millions)
Metric
2021
2022
2023
2024
2025
Total Assets
$201.0M
$223.0M
$353.0M
$476.0M
$558.0M
Current Assets
$168.0M
$172.0M
$304.0M
$421.0M
$471.0M
Cash
$25.0M
$30.0M
$20.0M
$22.0M
$13.0M
Inventory
$139.0M
$142.0M
$213.0M
$278.0M
$299.0M
Receivables
$0
$0
$11.0M
$15.0M
$16.0M
Fixed Assets
$2.0M
$3.0M
$3.0M
$13.0M
$40.0M
Capital Work in Progress
$0
$0
$0
$0
$0
Investments
$2.0M
$9.0M
$11.0M
$0
$2.0M
Other Assets
$0
$0
$26.0M
$26.0M
$26.0M
Total Liabilities
$106.0M
$59.0M
$144.0M
$74.0M
$113.0M
Current Liabilities
$91.0M
$37.0M
$31.0M
$48.0M
$25.0M
Borrowings
$74.0M
$18.0M
$79.0M
$12.0M
$74.0M
Other Liabilities
$31.0M
$40.0M
$65.0M
$62.0M
$39.0M
Equity
$96.0M
$165.0M
$209.0M
$0
$0
Reserves
$96.0M
$165.0M
$209.0M
$74.0M
$87.0M
For Smith Douglas Homes Corp., operating cash flow was positive in 4 of 5 reported years; free cash flow in the latest year was negative at $37.0M; free cash flow was positive in 4 of 5 years.
Cash Flow Statement — 5 Years (USD millions)
Metric
2021
2022
2023
2024
2025
Operating Cash Flow
$31.0M
$132.0M
$76.0M
$19.0M
$-31.0M
Investing Cash Flow
$0
$-1.0M
$-78.0M
$-9.0M
$-12.0M
Financing Cash Flow
$-2.0M
$-1.0M
$0
$-69.0M
$21.0M
Net Cash Flow
$-7.0M
$4.0M
$-10.0M
$3.0M
$-10.0M
Free Cash Flow
$30.0M
$131.0M
$75.0M
$15.0M
$-37.0M
Valuation & Return Ratios
Metric
Value
PEG Ratio
-0.26
EV / EBITDA
2.93
FCF Yield
39.64%
Quick Ratio
0.24
Interest Coverage
13.92
Return 1Y
-23.90%
Return 3Y
—
Return 5Y
—
Smith Douglas Homes Corp. (SDHC) financials — frequently asked questions
What is Smith Douglas Homes Corp.'s annual revenue?
Smith Douglas Homes Corp. (SDHC) reported annual revenue of $971.0M in its most recent fiscal year.
What is Smith Douglas Homes Corp.'s net profit?
Smith Douglas Homes Corp. (SDHC) reported net profit of $11.0M in its most recent fiscal year.
What is SDHC EV/EBITDA?
Smith Douglas Homes Corp.'s enterprise value to EBITDA (EV/EBITDA) ratio is 2.93.