Eagle Materials vs Smart Sand
Eagle Materials is the larger business, with $2.31bn of revenue in fiscal 2026 against $330m for Smart Sand (7.0 times as much). Smart Sand grew faster (6.0% against 2.1%). Eagle Materials kept more of each dollar of sales as profit: a net margin of 18.4% against 0.4%. Smart Sand carries less debt relative to equity (6.3% against 120.8%).
| Latest fiscal year | Eagle MaterialsEXP, 2026 | Smart SandSND, 2025 |
|---|---|---|
| Revenue | $2.31bn | $330m |
| Revenue growth | 2.1% | 6.0% |
| Net income | $424m | $1.3m |
| Operating margin | — | -1.4% |
| Net margin | 18.4% | 0.4% |
| Return on equity | 28.9% | 0.6% |
| Free cash flow | $197m | $32.5m |
| Cash | $298m | $22.6m |
| Total debt | $1.78bn | $15.0m |
| Debt to equity | 120.8% | 6.3% |
| Dividend per share | $1.00 | $0.15 |
| Dividend yield | 0.5% | 5.6% |
| Share buybacks | $382m | $628,000 |
| Employees | 2,800 | 318 |
| Market value | $5.94bn | $183m |
| Price vs our value range | Above our value range | Below our value range |
| Moat score | 82 (Strong) | 31 (Weak) |
| Insider trades, 12 months | 1 buys, 5 sales | 3 buys, 15 sales |