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Smith Douglas Homes Corp.(SDHC)Earnings, Financials & Key Ratios
SDHC•NYSE•REIT / Real Estate
$13.01
$109M mkt cap·11.2× P/E·Price updated May 6, 2026
AboutSmith Douglas Homes Corp. engages in the design, construction, and sale of single-family homes in the southeastern United States. The company operates in metropolitan Atlanta, Birmingham, Charlotte, Huntsville, Nashville, Raleigh-Durham, and Houston. It also provides closing, escrow, and title insurance services. The company was founded in 2008 and is headquartered in Woodstock, Georgia.Show more
- Revenue$971M-0.4%
- FFO$13M-26.0%
- FFO/Share1.44-28.9%
- FFO Payout214.47%-3.9%
- FFO per Share1.44-28.9%
- NOI Margin21.85%-16.6%
- FFO Margin1.36%-25.7%
- ROE2.53%-52.0%
- ROA2.07%-46.6%
- Debt/Assets7.9%+211.6%
- Net Debt/EBITDA0.42+591.6%
- Book Value/Share48.21+6.2%
SDHC Key Insights
Smith Douglas Homes Corp. (SDHC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Excellent 3Y average ROE of 24.6%
- ✓Trading at only 0.3x book value
✗Weaknesses
- ✗Weak Piotroski F-Score: 2/9
- ✗FFO declining 35.2% TTM
- ✗Dividend exceeds FFO - may not be sustainable
- ✗Low NOI margin of 21.8%
- ✗Dividend payout exceeds 100% of earnings
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
SDHC Price & Volume
Smith Douglas Homes Corp. (SDHC) stock price & volume — 10-year historical chart
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SDHC Growth Metrics
Smith Douglas Homes Corp. (SDHC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years8.74%
TTM-5.75%
Profit CAGR
10 Years-
5 Years-
3 Years-57.61%
TTM-45.66%
EPS CAGR
10 Years-
5 Years-
3 Years-28.85%
TTM-33.62%
Return on Capital
10 Years48.48%
5 Years48.48%
3 Years31.77%
Last Year14.72%
SDHC Recent Earnings
Smith Douglas Homes Corp. (SDHC) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 5/12 qtrs (50%)●Beat Revenue 7/12 qtrs (70%)
Q2 2026Latest
Apr 29, 2026EPS
$0.06
Est $0.05
+20.0%
Revenue
$206M
Est $201M
+2.9%
Q2 2026
Mar 11, 2026EPS
$0.08
Est $0.12
-166.7%
Revenue
$260M
Est $251M
+3.7%
Q4 2025
Nov 5, 2025EPS
$0.12
Est $0.26
-145.9%
Revenue
$262M
Est $251M
+4.2%
Q3 2025
Aug 6, 2025EPS
$0.13
Est $0.25
-152.0%
Revenue
$224M
Est $252M
-11.1%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 29, 2026 | $0.06vs $0.05+20.0% | $206Mvs $201M+2.9% |
| Q2 2026 | Mar 11, 2026 | $0.08vs $0.12-166.7% | $260Mvs $251M+3.7% |
| Q4 2025 | Nov 5, 2025 | $0.12vs $0.26-145.9% | $262Mvs $251M+4.2% |
| Q3 2025 | Aug 6, 2025 | $0.13vs $0.25-152.0% | $224Mvs $252M-11.1% |
Based on last 12 quarters of dataView full earnings history →
SDHC Peer Comparison
Smith Douglas Homes Corp. (SDHC) competitors in Residential Land and Home Developers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 SKY | 4.2B | 75.92 | 22.20 | 22.65% | 8.1% | 13.41% | 0.08 | |
 LGIH | 1.08B | 46.80 | 15 | -22.57% | 4.22% | 3.39% | 0.79 | |
 CVCO | 4.74B | 500.33 | 24.16 | 12.29% | 12.19% | 24.65% | 0.04 | |
 GRBK | 2.88B | 66.82 | 9.45 | -0.02% | 14.93% | 17.01% | 0.17 | |
 TMHC | 5.64B | 60.35 | 7.77 | -0.57% | 8.83% | 10.84% | 0.37 | |
 DHI | 43.21B | 149.17 | 12.89 | -6.93% | 9.51% | 12.94% | 0.24 | |
 LEN | 19.54B | 90.54 | 11.35 | -3.64% | 6.09% | 9.19% | 0.29 | |
 PHM | 23.08B | 120.10 | 10.80 | -3.54% | 12.14% | 15.92% | 0.19 |
Compare SDHC vs Peers
Smith Douglas Homes Corp. (SDHC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SDHC Income Statement
Smith Douglas Homes Corp. (SDHC) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 518.86M | 755.35M | 764.63M | 975.46M | 971.12M | 952.84M |
| Revenue Growth % | - | 45.58% | 1.23% | 27.57% | -0.45% | -5.75% |
| Property Operating Expenses | 395.92M | 532.6M | 548.3M | 719.92M | 758.95M | 753.75M |
| Net Operating Income (NOI) | 122.95M▲ 0% | 222.75M▲ 81.2% | 216.33M▼ 2.9% | 255.54M▲ 18.1% | 212.17M▼ 17.0% | 199.09M▲ 0% |
| NOI Margin % | 23.7% | 29.49% | 28.29% | 26.2% | 21.85% | 20.89% |
| Operating Expenses | 64.23M | 83.01M | 92.44M | 136.38M | 139.78M | 142.69M |
| G&A Expenses | 64.23M | 83.01M | 92.44M | 136.38M | 139.78M | 142.69M |
| EBITDA | 60.17M | 140.61M | 124.97M | 120.98M | 74.94M | 58.46M |
| EBITDA Margin % | 11.6% | 18.62% | 16.34% | 12.4% | 7.72% | 6.14% |
| Depreciation & Amortization | 1.45M | 864K | 1.08M | 1.82M | 2.55M | 2.06M |
| D&A / Revenue % | 0.28% | 0.11% | 0.14% | 0.19% | 0.26% | 0.22% |
| Operating Income | 58.72M▲ 0% | 139.75M▲ 138.0% | 123.89M▼ 11.4% | 119.16M▼ 3.8% | 72.39M▼ 39.2% | 56.4M▲ 0% |
| Operating Margin % | 11.32% | 18.5% | 16.2% | 12.22% | 7.45% | 5.92% |
| Interest Expense | 1.73M | 997K | 1.66M | 2.49M | 3.19M | 3.38M |
| Interest Coverage | 37.08x | 141.87x | 75.29x | 47.96x | 22.66x | - |
| Non-Operating Income | -5.55M | -1.69M | -953K | -223K | 0 | -2M |
| Pretax Income | 62.53M▲ 0% | 146.05M▲ 133.6% | 123.18M▼ 15.7% | 116.89M▼ 5.1% | 70.9M▼ 39.3% | 55.65M▲ 0% |
| Pretax Margin % | 12.05% | 19.33% | 16.11% | 11.98% | 7.3% | 5.84% |
| Income Tax | 0 | 5.6M | 0 | 5.07M | 2.49M | 1.89M |
| Effective Tax Rate % | 0% | 3.84% | 0% | 4.33% | 3.51% | 3.39% |
| Net Income | 62.53M▲ 0% | 140.44M▲ 124.6% | 123.18M▼ 12.3% | 16.07M▼ 87.0% | 10.69M▼ 33.5% | 8.58M▲ 0% |
| Net Margin % | 12.05% | 18.59% | 16.11% | 1.65% | 1.1% | 0.9% |
| Net Income Growth % | - | 124.6% | -12.29% | -86.95% | -33.45% | -45.66% |
| Funds From Operations (FFO) | 63.98M▲ 0% | 141.31M▲ 120.8% | 124.26M▼ 12.1% | 17.89M▼ 85.6% | 13.24M▼ 26.0% | 11.5M▲ 0% |
| FFO Margin % | 12.33% | 18.71% | 16.25% | 1.83% | 1.36% | 1.21% |
| FFO Growth % | - | 120.85% | -12.06% | -85.6% | -26% | -143.14% |
| FFO per Share | 1.47 | 3.24 | 2.42 | 2.02 | 1.44 | 1.27 |
| FFO Payout Ratio % | 64.06% | 50.56% | 63.41% | 223.25% | 214.47% | 369.97% |
| EPS (Diluted) | 1.43▲ 0% | 3.22▲ 125.2% | 2.40▼ 25.5% | 1.81▼ 24.6% | 1.16▼ 35.9% | 0.95▲ 0% |
| EPS Growth % | - | 125.17% | -25.47% | -24.58% | -35.91% | -33.62% |
| EPS (Basic) | 7.07 | 15.88 | 13.92 | 1.82 | 1.19 | - |
| Diluted Shares Outstanding | 43.59M | 43.59M | 51.28M | 8.85M | 9.21M | 9.05M |
SDHC Balance Sheet
Smith Douglas Homes Corp. (SDHC) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|
| Total Assets | 201.19M | 223.37M | 352.69M | 475.9M | 557.59M | 600.19M |
| Asset Growth % | - | 11.03% | 57.89% | 34.93% | 17.17% | 91.03% |
| Real Estate & Other Assets | 28.35M | 38.91M | 9.08M | 5.71M | 0 | 0 |
| PP&E (Net) | 2.09M | 3.35M | 3.33M | 12.67M | 9.72M | 9.4M |
| Investment Securities | 1000K | 1000K | 1000K | 0 | 0 | 0 |
| Total Current Assets | 168.44M | 171.67M | 304.01M | 420.89M | 311.38M | 342.71M |
| Cash & Equivalents | 25.34M | 29.6M | 19.78M | 22.36M | 12.74M | 27.99M |
| Receivables | 0 | 0 | 1000K | 1000K | 0 | 0 |
| Other Current Assets | 3.61M | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 105.67M | 58.86M | 143.79M | 74.17M | 113.46M | 164.3M |
| Total Debt | 74.41M | 18.39M | 78.98M | 12.07M | 44.08M | 68.5M |
| Net Debt | 49.07M | -11.21M | 59.21M | -10.29M | 31.33M | 40.52M |
| Long-Term Debt | 1.49M | 15M | 75.63M | 3.06M | 44.08M | 68.5M |
| Short-Term Borrowings | 72M | 1.32M | 938K | 0 | 0 | 0 |
| Capital Lease Obligations | 920K | 2.08M | 2.42M | 9.01M | 0 | 28.28M |
| Total Current Liabilities | 90.53M | 36.77M | 31.29M | 48.08M | 1.94M | 23.26M |
| Accounts Payable | 8.82M | 10.94M | 17.32M | 17.23M | 1.94M | 23.26M |
| Deferred Revenue | 0 | 0 | 0 | 5.3M | 0 | 0 |
| Other Liabilities | 12.73M | 5.01M | 35.04M | 14.02M | 67.44M | 72.53M |
| Total Equity | 95.52M▲ 0% | 164.51M▲ 72.2% | 208.9M▲ 27.0% | 401.73M▲ 92.3% | 444.14M▲ 10.6% | 435.89M▲ 0% |
| Equity Growth % | - | 72.23% | 26.98% | 92.3% | 10.56% | 52.53% |
| Shareholders Equity | 95.52M | 164.51M | 208.9M | 73.63M | 86.73M | 82.06M |
| Minority Interest | 0 | 0 | 0 | 328.1M | 357.41M | 353.83M |
| Common Stock | 95.52M | 164.51M | 208.9M | 5K | 5K | 5K |
| Additional Paid-in Capital | 0 | 0 | 0 | 58.21M | 60.61M | 0 |
| Retained Earnings | 0 | 0 | 0 | 15.42M | 26.11M | 26.68M |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 31.08% | 66.16% | 42.77% | 3.88% | 2.07% | 1.49% |
| Return on Equity (ROE) | 65.47% | 108.02% | 65.97% | 5.26% | 2.53% | 1.99% |
| Debt / Assets | 36.99% | 8.23% | 22.39% | 2.54% | 7.9% | 11.41% |
| Debt / Equity | 0.78x | 0.11x | 0.38x | 0.03x | 0.10x | 0.10x |
| Net Debt / EBITDA | 0.82x | -0.08x | 0.47x | -0.09x | 0.42x | 0.42x |
| Book Value per Share | 2.19 | 3.77 | 4.07 | 45.41 | 48.21 | 48.15 |
SDHC Cash Flow Statement
Smith Douglas Homes Corp. (SDHC) cash flow — operating, investing & free cash flow history
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|
| Cash from Operations | 30.87M | 132.09M | 76.26M | 19.13M | -31.34M | -31.34M |
| Operating CF Growth % | - | 327.91% | -42.27% | -74.91% | -263.79% | -74131.74% |
| Operating CF / Revenue % | 5.95% | 17.49% | 9.97% | 1.96% | -3.23% | -3.29% |
| Net Income | 62.53M | 140.44M | 123.18M | 111.83M | 10.69M | 8.58M |
| Depreciation & Amortization | 987K | 864K | 1.08M | 1.82M | 2.55M | 2.92M |
| Stock-Based Compensation | 0 | 0 | 0 | 3.02M | 858K | 4.04M |
| Other Non-Cash Items | -2.26M | 3.51M | 3.48M | 5.88M | 67.19M | 2.51M |
| Working Capital Changes | -30.39M | -12.73M | -51.49M | -103.78M | -113.87M | -56.96M |
| Cash from Investing | 847K | 361K | -76.83M | -4.71M | -6.63M | -5.09M |
| Acquisitions (Net) | -844K | 40K | -75.86M | 0 | 0 | 0 |
| Purchase of Investments | 0 | -9K | 0 | 0 | 0 | 0 |
| Sale of Investments | 0 | 1.33M | 0 | 0 | 0 | 0 |
| Other Investing | 2.42M | 0 | 341K | -819K | -1.11M | -64K |
| Cash from Financing | -38.54M | -128.19M | -9.25M | -11.84M | 28.35M | 1.05M |
| Dividends Paid | -40.99M | -71.45M | -78.79M | -39.95M | -28.4M | -42.53M |
| Common Dividends | -40.99M | -71.45M | -78.79M | -39.95M | -28.4M | -42.53M |
| Debt Issuance (Net) | 1000K | -1000K | 1000K | -1000K | 1000K | -1000K |
| Share Repurchases | 0 | 0 | 0 | -2.6M | 0 | 0 |
| Other Financing | -2M | 287K | -85K | -66.69M | 20.95M | 23.83M |
| Net Change in Cash | -6.82M▲ 0% | 4.26M▲ 162.4% | -9.82M▼ 330.6% | 2.59M▲ 126.3% | -9.62M▼ 472.1% | 90K▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 32.16M | 25.34M | 29.6M | 19.78M | 22.36M | 0 |
| Cash at End | 25.34M | 29.6M | 19.78M | 22.36M | 12.74M | 0 |
| Free Cash Flow | 30.14M▲ 0% | 131.09M▲ 335.0% | 74.95M▼ 42.8% | 15.24M▼ 79.7% | -36.86M▼ 341.8% | -1.12M▲ 0% |
| FCF Growth % | - | 334.95% | -42.83% | -79.66% | -341.79% | 89.78% |
| FCF / Revenue % | 5.81% | 17.36% | 9.8% | 1.56% | -3.8% | -0.12% |
SDHC Key Ratios
Smith Douglas Homes Corp. (SDHC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|
| FFO per Share | 3.24 | 2.42 | 2.02 | 1.44 | 1.27 |
| FFO Payout Ratio | 50.56% | 63.41% | 223.25% | 214.47% | 369.97% |
| NOI Margin | 29.49% | 28.29% | 26.2% | 21.85% | 20.89% |
| Net Debt / EBITDA | -0.08x | 0.47x | -0.09x | 0.42x | 0.42x |
| Debt / Assets | 8.23% | 22.39% | 2.54% | 7.9% | 11.41% |
| Interest Coverage | 141.87x | 75.29x | 47.96x | 22.66x | - |
| Book Value / Share | 3.77 | 4.07 | 45.41 | 48.21 | 48.15 |
| Revenue Growth | 45.58% | 1.23% | 27.57% | -0.45% | -5.75% |
SDHC SEC Filings & Documents
Smith Douglas Homes Corp. (SDHC) SEC filings — annual & quarterly reports (10-K, 10-Q)
SDHC Frequently Asked Questions
Smith Douglas Homes Corp. (SDHC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Smith Douglas Homes Corp. (SDHC) reported $952.8M in revenue for fiscal year 2025. This represents a 84% increase from $518.9M in 2021.
Smith Douglas Homes Corp. (SDHC) saw revenue decline by 0.4% over the past year.
Yes, Smith Douglas Homes Corp. (SDHC) is profitable, generating $8.6M in net income for fiscal year 2025 (1.1% net margin).
Dividend & Returns
Yes, Smith Douglas Homes Corp. (SDHC) pays a dividend with a yield of 23.70%. This makes it attractive for income-focused investors.
Smith Douglas Homes Corp. (SDHC) has a return on equity (ROE) of 2.5%. This is below average, suggesting room for improvement.
Industry Metrics
Smith Douglas Homes Corp. (SDHC) generated Funds From Operations (FFO) of $11.5M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Smith Douglas Homes Corp. (SDHC) offers a 23.70% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
Explore More SDHC
Smith Douglas Homes Corp. (SDHC) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
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Dividend History
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Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates