What is SMITH DOUGLAS HOMES CORP's earnings per share (EPS)?

SMITH DOUGLAS HOMES CORP (sdhc) reported diluted earnings per share of $1.19 for fiscal year 2025. This represents a -34.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

SMITH DOUGLAS HOMES CORP Financials

SDHC

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows SMITH DOUGLAS HOMES CORP (sdhc) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI sdhc FY2025 2026-04-22

Flat sales are hiding a weaker cash engine as margin compression and a heavier balance sheet absorb funding.

Between FY2024 and FY2025, revenue stayed roughly flat at about $971M while operating cash flow swung negative to -$31.3M. With assets and liabilities both rising and financing cash flow turning positive, the business appears to have tied up more capital in operations, so reported profit no longer translated into internally generated cash.

The business delivered nearly the same sales base, but gross margin compression from 26.2% to 21.9% means direct costs consumed more of each sale. That pressure carried through to the bottom line, with net margin slipping from 1.7% to 1.1%, which shows the company had little cost cushion once gross profit narrowed.

In FY2025, liabilities ran at 5.4x equity while cash was only $12.7M, leaving a thin liquidity buffer relative to the size of the balance sheet. The fall in return on assets from 3.4% to 1.9% suggests the larger asset base is not yet producing proportional earnings.

Financial Health Signals

Financial Profile 21/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of SMITH DOUGLAS HOMES CORP's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

SMITH DOUGLAS HOMES CORP's revenue declined 0.4% year-over-year, from $975.5M to $971.1M. This contraction results in a growth score of 54/100.

Leverage

SMITH DOUGLAS HOMES CORP has elevated debt relative to equity (D/E of 5.43), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Cash Flow

While SMITH DOUGLAS HOMES CORP generated -$31.3M in operating cash flow, capex of $5.5M consumed most of it, leaving -$36.9M in free cash flow. This results in a low score of 26/100, reflecting heavy capital investment rather than weak cash generation.

Returns

SMITH DOUGLAS HOMES CORP's ROE of 12.3% shows moderate profitability relative to equity, earning a score of 46/100. This is down from 21.8% the prior year.

Piotroski F-Score Weak

1/9

SMITH DOUGLAS HOMES CORP passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality

-2.93x

For every $1 of reported earnings, SMITH DOUGLAS HOMES CORP generates $-2.93 in operating cash flow (-$31.3M OCF vs $10.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$971.1M

YoY-0.4%

SMITH DOUGLAS HOMES CORP generated $971.1M in revenue in fiscal year 2025. This represents a decrease of 0.4% from the prior year.

EBITDA

N/A

Net Income

$10.7M

YoY-33.5%

SMITH DOUGLAS HOMES CORP reported $10.7M in net income in fiscal year 2025. This represents a decrease of 33.5% from the prior year.

EPS (Diluted)

$1.19

YoY-34.3%

SMITH DOUGLAS HOMES CORP earned $1.19 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 34.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$36.9M

YoY-341.8%

SMITH DOUGLAS HOMES CORP generated -$36.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 341.8% from the prior year.

Cash & Debt

$12.7M

YoY-43.0%

SMITH DOUGLAS HOMES CORP held $12.7M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

21.9%

YoY-4.4pp

SMITH DOUGLAS HOMES CORP's gross margin was 21.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 4.4 percentage points from the prior year.

Operating Margin

N/A

Net Margin

1.1%

YoY-0.6pp

SMITH DOUGLAS HOMES CORP's net profit margin was 1.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.6 percentage points from the prior year.

Return on Equity

12.3%

YoY-9.5pp

SMITH DOUGLAS HOMES CORP's ROE was 12.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 9.5 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$5.5M

YoY+42.1%

SMITH DOUGLAS HOMES CORP invested $5.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 42.1% from the prior year.

SDHC Income Statement

Metric	FY25	FY24	FY23
Revenue	$971.1M-0.4%	$975.5M+27.6%	$764.6M
Cost of Revenue	$758.9M+5.4%	$719.9M+31.3%	$548.3M
Gross Profit	$212.2M-17.0%	$255.5M+18.1%	$216.3M
R&D Expenses	N/A	N/A	N/A
SG&A Expenses	$139.8M+2.5%	$136.4M+47.5%	$92.4M
Operating Income	N/A	N/A	N/A
Interest Expense	$3.2M+28.3%	$2.5M+50.1%	$1.7M
Income Tax	$2.5M-50.8%	$5.1M	$0
Net Income	$10.7M-33.5%	$16.1M-87.0%	$123.2M
EPS (Diluted)	$1.19-34.3%	$1.81	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$260.4M-0.6%	$262.0M+17.0%	$223.9M-0.4%	$224.7M-21.8%	$287.5M+3.5%	$277.8M+25.8%	$220.9M+16.8%	$189.2M
Cost of Revenue	$208.7M+0.8%	$207.1M+20.4%	$172.0M+0.5%	$171.2M-20.1%	$214.2M+4.9%	$204.1M+26.1%	$161.9M+15.8%	$139.7M
Gross Profit	$51.7M-5.9%	$55.0M+5.8%	$51.9M-3.0%	$53.5M-27.0%	$73.3M-0.5%	$73.7M+24.8%	$59.1M+19.4%	$49.5M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$36.0M-0.3%	$36.1M+4.0%	$34.7M+5.2%	$33.0M-23.1%	$42.9M+25.7%	$34.1M+7.3%	$31.8M+15.5%	$27.5M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$858K-4.5%	$898K+16.3%	$772K+15.9%	$666K+13.7%	$586K-4.6%	$614K+3.9%	$591K-15.3%	$698K
Income Tax	-$130K-112.7%	$1.0M+37.2%	$744K-13.2%	$857K-31.5%	$1.3M-29.0%	$1.8M+55.6%	$1.1M+22.9%	$921K
Net Income	$3.5M+65.6%	$2.1M-10.1%	$2.4M-11.9%	$2.7M-34.6%	$4.1M-23.2%	$5.3M+46.7%	$3.6M+22.7%	$3.0M
EPS (Diluted)	N/A	$0.24-7.7%	$0.26-13.3%	$0.30	N/A	$0.58+45.0%	$0.40+21.2%	$0.33

SDHC Balance Sheet

Metric	FY25	FY24	FY23
Total Assets	$557.6M+17.2%	$475.9M+34.9%	$352.7M
Current Assets	N/A	N/A	N/A
Cash & Equivalents	$12.7M-43.0%	$22.4M+13.1%	$19.8M
Inventory	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A
Goodwill	$25.7M0.0%	$25.7M0.0%	$25.7M
Total Liabilities	$470.9M+17.1%	$402.3M+14.1%	$352.7M
Current Liabilities	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A
Total Equity	$86.7M+17.8%	$73.6M	$0
Retained Earnings	$26.1M+69.4%	$15.4M	$0

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$557.6M-2.4%	$571.6M+0.2%	$570.2M+11.0%	$513.9M+8.0%	$475.9M+3.4%	$460.1M+7.2%	$429.3M+7.0%	$401.3M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$12.7M-13.8%	$14.8M-11.9%	$16.8M+32.6%	$12.7M-43.4%	$22.4M-5.7%	$23.7M+37.1%	$17.3M-47.2%	$32.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$25.7M0.0%	$25.7M0.0%	$25.7M0.0%	$25.7M0.0%	$25.7M0.0%	$25.7M0.0%	$25.7M0.0%	$25.7M
Total Liabilities	$470.9M-3.8%	$489.4M-0.2%	$490.2M+12.2%	$437.1M+8.6%	$402.3M+2.7%	$391.6M+6.7%	$367.2M+7.5%	$341.5M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$86.7M+5.5%	$82.2M+2.7%	$80.0M+4.1%	$76.9M+4.4%	$73.6M+7.6%	$68.4M+10.2%	$62.1M+4.0%	$59.7M
Retained Earnings	$26.1M+15.6%	$22.6M+11.9%	$20.2M+11.9%	$18.0M+17.0%	$15.4M+35.0%	$11.4M+80.7%	$6.3M+112.7%	$3.0M

SDHC Cash Flow Statement

Metric	FY25	FY24	FY23
Operating Cash Flow	-$31.3M-263.8%	$19.1M-74.9%	$76.3M
Capital Expenditures	$5.5M+42.1%	$3.9M+197.2%	$1.3M
Free Cash Flow	-$36.9M-341.8%	$15.2M-79.7%	$74.9M
Investing Cash Flow	-$6.6M-41.0%	-$4.7M+93.9%	-$76.8M
Financing Cash Flow	$28.3M+339.4%	-$11.8M-28.0%	-$9.2M
Dividends Paid	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$9.8M-57.1%	$22.8M+178.6%	-$28.9M+17.1%	-$34.9M-737.3%	$5.5M-76.1%	$22.9M+58589.7%	$39K+100.4%	-$9.3M
Capital Expenditures	$1.0M-25.4%	$1.4M-36.1%	$2.1M+104.9%	$1.0M+53.1%	$676K+6.0%	$638K-70.2%	$2.1M+391.5%	$435K
Free Cash Flow	$8.7M-59.1%	$21.4M+168.9%	-$31.1M+13.6%	-$35.9M-848.6%	$4.8M-78.4%	$22.3M+1160.1%	-$2.1M+78.4%	-$9.7M
Investing Cash Flow	-$1.1M+21.3%	-$1.3M+36.4%	-$2.1M-0.6%	-$2.1M-127.4%	-$926K-47.7%	-$627K+77.0%	-$2.7M-533.3%	-$430K
Financing Cash Flow	-$10.7M+54.2%	-$23.4M-166.5%	$35.2M+28.9%	$27.3M+562.4%	-$5.9M+62.7%	-$15.8M-23.8%	-$12.8M-156.4%	$22.7M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

SDHC Financial Ratios

Metric	FY25	FY24	FY23
Gross Margin	21.9%-4.4pp	26.2%-2.1pp	28.3%
Operating Margin	N/A	N/A	N/A
Net Margin	1.1%-0.6pp	1.7%-14.5pp	16.1%
Return on Equity	12.3%-9.5pp	21.8%	N/A
Return on Assets	1.9%-1.5pp	3.4%-31.6pp	34.9%
Current Ratio	N/A	N/A	N/A
Debt-to-Equity	5.43-0.0	5.46	N/A
FCF Margin	-3.8%-5.4pp	1.6%-8.2pp	9.8%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	19.9%-1.1pp	21.0%-2.2pp	23.2%-0.6pp	23.8%-1.7pp	25.5%-1.0pp	26.5%-0.2pp	26.7%+0.6pp	26.1%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	1.4%+0.5pp	0.8%-0.3pp	1.1%-0.1pp	1.2%-0.2pp	1.4%-0.5pp	1.9%+0.3pp	1.7%+0.1pp	1.6%
Return on Equity	4.1%+1.5pp	2.6%-0.4pp	3.0%-0.5pp	3.5%-2.1pp	5.6%-2.2pp	7.8%+1.9pp	5.9%+0.9pp	5.0%
Return on Assets	0.6%+0.3pp	0.4%-0.0pp	0.4%-0.1pp	0.5%-0.3pp	0.9%-0.3pp	1.2%+0.3pp	0.9%+0.1pp	0.7%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	5.43-0.5	5.96-0.2	6.13+0.4	5.69+0.2	5.46-0.3	5.72-0.2	5.91+0.2	5.72
FCF Margin	3.4%-4.8pp	8.2%+22.0pp	-13.9%+2.1pp	-16.0%-17.7pp	1.7%-6.3pp	8.0%+9.0pp	-0.9%+4.2pp	-5.1%

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Frequently Asked Questions

What is SMITH DOUGLAS HOMES CORP's annual revenue?

SMITH DOUGLAS HOMES CORP (sdhc) reported $971.1M in total revenue for fiscal year 2025. This represents a -0.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is SMITH DOUGLAS HOMES CORP's revenue growing?

SMITH DOUGLAS HOMES CORP (sdhc) revenue declined by 0.4% year-over-year, from $975.5M to $971.1M in fiscal year 2025.

Is SMITH DOUGLAS HOMES CORP profitable?

Yes, SMITH DOUGLAS HOMES CORP (sdhc) reported a net income of $10.7M in fiscal year 2025, with a net profit margin of 1.1%.

What is SMITH DOUGLAS HOMES CORP's gross margin?

SMITH DOUGLAS HOMES CORP (sdhc) had a gross margin of 21.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is SMITH DOUGLAS HOMES CORP's net profit margin?

SMITH DOUGLAS HOMES CORP (sdhc) had a net profit margin of 1.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is SMITH DOUGLAS HOMES CORP's return on equity (ROE)?

SMITH DOUGLAS HOMES CORP (sdhc) has a return on equity of 12.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is SMITH DOUGLAS HOMES CORP's free cash flow?

SMITH DOUGLAS HOMES CORP (sdhc) generated -$36.9M in free cash flow during fiscal year 2025. This represents a -341.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is SMITH DOUGLAS HOMES CORP's operating cash flow?

SMITH DOUGLAS HOMES CORP (sdhc) generated -$31.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are SMITH DOUGLAS HOMES CORP's total assets?

SMITH DOUGLAS HOMES CORP (sdhc) had $557.6M in total assets as of fiscal year 2025, including both current and long-term assets.

What are SMITH DOUGLAS HOMES CORP's capital expenditures?

SMITH DOUGLAS HOMES CORP (sdhc) invested $5.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

What is SMITH DOUGLAS HOMES CORP's debt-to-equity ratio?

SMITH DOUGLAS HOMES CORP (sdhc) had a debt-to-equity ratio of 5.43 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is SMITH DOUGLAS HOMES CORP's return on assets (ROA)?

SMITH DOUGLAS HOMES CORP (sdhc) had a return on assets of 1.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is SMITH DOUGLAS HOMES CORP's cash runway?

Based on fiscal year 2025 data, SMITH DOUGLAS HOMES CORP (sdhc) had $12.7M in cash against an annual operating cash burn of $31.3M. This gives an estimated cash runway of approximately 5 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is SMITH DOUGLAS HOMES CORP's Piotroski F-Score?

SMITH DOUGLAS HOMES CORP (sdhc) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are SMITH DOUGLAS HOMES CORP's earnings high quality?

SMITH DOUGLAS HOMES CORP (sdhc) has an earnings quality ratio of -2.93x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is SMITH DOUGLAS HOMES CORP?

SMITH DOUGLAS HOMES CORP (sdhc) scores 21 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.