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Smart Sand Valuation Multiples
Discover revenue and EBITDA valuation multiples for Smart Sand and similar public comparables like Jadestone Energy, AFC Energy, NET Power, Kolibri Global Energy and more.
Smart Sand Overview
About Smart Sand
Smart Sand Inc. is a fully integrated frac sand company providing mine-to-well site proppant supply and logistics. It produces Northern White frac sand for enhanced hydrocarbon recovery in oil and gas wells. The company offers products like Smart System, SmartBelt, SmartDepot Silo, and SmartPath Loader. It is expanding into industrial markets, including glass, ceramics, and renewable energy, while its main revenue comes from sand sales and logistics.
Founded
2011
HQ
Employees
285
Website
Sectors
Financials (LTM)
EV
$200M
Smart Sand Financials
Smart Sand reported last 12-month revenue of $330M.
In the same LTM period, Smart Sand generated $1M in net income.
Revenue (LTM)
Smart Sand P&L
In the most recent fiscal year, Smart Sand reported revenue of $330M and EBITDA of $26M.
Smart Sand expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $330M | XXX | $330M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $38M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 11% | XXX | XXX | XXX |
| EBITDA | — | XXX | $26M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 8% | XXX | XXX | XXX |
| EBIT Margin | — | XXX | (2%) | XXX | XXX | XXX |
| Net Profit | $1M | XXX | $1M | XXX | XXX | XXX |
| Net Margin | 0% | XXX | 0% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Smart Sand Stock Performance
Smart Sand has current market cap of $167M, and enterprise value of $200M.
Market Cap Evolution
Smart Sand's stock price is $4.20.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $200M | $167M | — | XXX | XXX | XXX | $0.03 |
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Start Free TrialSmart Sand Valuation Multiples
Smart Sand trades at 0.6x EV/Revenue multiple, and 7.7x EV/EBITDA.
EV / Revenue (LTM)
Smart Sand Financial Valuation Multiples
As of April 3, 2026, Smart Sand has market cap of $167M and EV of $200M.
Equity research analysts estimate Smart Sand's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Smart Sand has a P/E ratio of 124.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $167M | XXX | $167M | XXX | XXX | XXX |
| EV (current) | $200M | XXX | $200M | XXX | XXX | XXX |
| EV/Revenue | 0.6x | XXX | 0.6x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 7.7x | XXX | XXX | XXX |
| EV/EBIT | — | XXX | (39.9x) | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 5.3x | XXX | XXX | XXX |
| P/E | 124.0x | XXX | 124.0x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 6.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Smart Sand Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Smart Sand Margins & Growth Rates
Smart Sand's revenue in the last fiscal year grew by 6%.
Smart Sand's revenue per employee in the last FY averaged $1.2M, while opex per employee averaged $0.2M for the same period.
Smart Sand Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | 6% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 8% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | (18%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 13% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Smart Sand Public Comps
See public comps and valuation multiples for other Energy Equipment and Oil & Gas comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Jadestone Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| AFC Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| NET Power | XXX | XXX | XXX | XXX | XXX | XXX |
| Kolibri Global Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Conpet | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Smart Sand M&A Activity
Smart Sand acquired XXX companies to date.
Last acquisition by Smart Sand was on XXXXXXXX, XXXXX. Smart Sand acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Smart Sand
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialSmart Sand Investment Activity
Smart Sand invested in XXX companies to date.
Smart Sand made its latest investment on XXXXXXXX, XXXXX. Smart Sand invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Smart Sand
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Smart Sand
| When was Smart Sand founded? | Smart Sand was founded in 2011. |
| Where is Smart Sand headquartered? | Smart Sand is headquartered in United States. |
| How many employees does Smart Sand have? | As of today, Smart Sand has over 285 employees. |
| Who is the CEO of Smart Sand? | Smart Sand's CEO is Charles E. Young. |
| Is Smart Sand publicly listed? | Yes, Smart Sand is a public company listed on Nasdaq. |
| What is the stock symbol of Smart Sand? | Smart Sand trades under SND ticker. |
| When did Smart Sand go public? | Smart Sand went public in 2016. |
| Who are competitors of Smart Sand? | Smart Sand main competitors are Jadestone Energy, AFC Energy, NET Power, Kolibri Global Energy. |
| What is the current market cap of Smart Sand? | Smart Sand's current market cap is $167M. |
| What is the current revenue of Smart Sand? | Smart Sand's last 12 months revenue is $330M. |
| What is the current EV/Revenue multiple of Smart Sand? | Current revenue multiple of Smart Sand is 0.6x. |
| Is Smart Sand profitable? | Yes, Smart Sand is net-income-positive (as of the last 12 months). |
| What is the current net income of Smart Sand? | Smart Sand's last 12 months net income is $1M. |
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