Smith Douglas Homes Corp. key statistics and ratios

In fiscal 2025, Smith Douglas Homes Corp. had return on equity of 13.3%, a net margin of 1.1% and debt equal to 0.0% of equity. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Smith Douglas Homes Corp.: financial ratios, annual
Fiscal year	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Gross margin	28.3%	26.2%	21.8%	19.5%
Net margin	16.1%	1.6%	1.1%	0.6%
Free-cash-flow margin	9.8%	1.6%	−3.8%	3.4%
Return on equity	—	43.6%	13.3%	7.8%
Return on assets	34.9%	3.9%	2.1%	1.1%
Asset turnover	2.17	2.35	1.88	1.74
Debt to equity	—	0.0%	0.0%	0.0%
Effective tax rate	0.0%	4.3%	3.5%	3.1%
SG&A as % of revenue	12.1%	14.0%	14.4%	15.0%
Capital spending as % of revenue	0.2%	0.4%	0.6%	0.3%
Free cash flow ÷ net income	60.8%	94.9%	−344.7%	524.3%

US$ thousands unless shown otherwise. Fiscal quarters.

Smith Douglas Homes Corp.: financial ratios, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Gross margin	26.5%	25.5%	23.8%	23.2%	21.0%	19.9%	19.6%	17.6%
Net margin	1.9%	1.4%	1.2%	1.1%	0.8%	1.4%	0.3%	0.1%
Free-cash-flow margin	8.0%	1.7%	−16.0%	−13.9%	8.2%	3.4%	−0.1%	1.4%
SG&A as % of revenue	12.3%	14.9%	14.7%	15.5%	13.8%	13.8%	17.4%	15.4%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

0 of 0 checks passed · June 30, 2026

Short-term assets cover short-term liabilities The company doesn't report a short-term split. Not assessable.
Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
More cash than debt Cash or debt not separately reported. Not assessable.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Smith Douglas Homes Corp.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

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Figures from Smith Douglas Homes Corp.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Smith Douglas Homes Corp.