Smart Sand, Inc. (SND) Revenue History
Annual and quarterly revenue from 2014 to 2024
Compound Annual Growth Rate (CAGR)
Loading revenue history...
SND Revenue Growth
Revenue Breakdown (FY 2024)
SND's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
SND Revenue Analysis (2014–2024)
As of May 8, 2026, Smart Sand, Inc. (SND) generated trailing twelve-month (TTM) revenue of $335.5 million, reflecting explosive growth of +46.9% year-over-year. The most recent quarter (Q3 2025) recorded $92.8 million in revenue, up 8.2% sequentially.
Looking at the longer-term picture, SND's 5-year compound annual growth rate (CAGR) stands at +6.0%, indicating steady revenue expansion. The company achieved its highest annual revenue of $311.4 million in 2024, representing a new all-time high.
Revenue diversification analysis shows SND's business is primarily driven by Sand (100%). With over half of revenue concentrated in Sand, the company maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including MDU (-2.1% YoY), MLM (-1.3% YoY), and VMC (+7.3% YoY), SND has underperformed the peer group in terms of revenue growth. Compare SND vs MDU →
SND Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SNDCurrent | $335M | +46.9% | +6.0% | 1.0% | |
 MDU | $1.9B | -2.1% | -19.5% | 15.5% | |
 MLM | $6.5B | -1.3% | +6.7% | 23.3% | |
 VMC | $7.9B | +7.3% | +10.3% | 20.1% | |
 CRH | $37.4B | +50.3% | +10.7% | 14.2% | |
 HAL | $22.2B | -1.7% | +9.0% | 10.2% |
SND Historical Revenue Data (2014–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $311.4M | +5.2% | $44.8M | 14.4% | $3.0M | 1.0% |
| 2023 | $296.0M | +15.7% | $41.6M | 14.0% | $-1,504,000 | -0.5% |
| 2022 | $255.7M | +101.9% | $29.6M | 11.6% | $-3,128,000 | -1.2% |
| 2021 | $126.6M | +3.5% | $-15,906,000 | -12.6% | $-63,485,000 | -50.1% |
| 2020 | $122.3M | -47.5% | $18.1M | 14.8% | $-13,017,000 | -10.6% |
| 2019 | $233.1M | +9.7% | $81.1M | 34.8% | $43.5M | 18.7% |
| 2018 | $212.5M | +54.8% | $67.6M | 31.8% | $25.9M | 12.2% |
| 2017 | $137.2M | +131.7% | $36.9M | 26.9% | $18.7M | 13.6% |
| 2016 | $59.2M | +24.2% | $32.7M | 55.1% | $20.4M | 34.4% |
| 2015 | $47.7M | -30.0% | $26.7M | 56.0% | $16.6M | 34.8% |
See SND's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs SND Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare SND vs SOC
Side-by-side business, growth, and profitability comparison vs Sable Offshore Corp..
Start ComparisonSND — Frequently Asked Questions
Quick answers to the most common questions about buying SND stock.
Is SND's revenue growth accelerating or slowing?
SND revenue is accelerating at +46.9% year-over-year, exceeding the 5-year CAGR of +6.0%. TTM revenue reached $335M. Growth momentum has increased versus prior periods.
What is SND's long-term revenue growth rate?
Smart Sand, Inc.'s 5-year revenue CAGR of +6.0% reflects the sustained expansion pattern. Current YoY growth of +46.9% is above this long-term average.
How is SND's revenue distributed by segment?
SND reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2024 are available for download. Segment mix reveals concentration and diversification trends.