Smith Douglas Homes Corp. SDHC

Industrials SIC 1531 - Operative Builders NAICS Construction › Construction of Buildings › Residential Building Construction derived NYSE

We are engaged in the design, construction, and sale of single-family homes in some of the highest growth and most desirable markets in the Southeastern and Southern United States. We employ an efficient land-light, production focused, and conservatively leveraged business model, which we believe results in a compelling combination of strong home closing gross margins, construction cycle times, and returns. Our communities are primarily targeted to entry-level and empty-nest homebuyers. We offer our homebuyers an attractive value proposition by providing a personalized home buying experience at affordable price points. With the goal of becoming one of the most dominant homebuilders in the Southeastern and Southern United States, we intend to grow operations within our existing footprint and to expand into new markets where we can most effectively implement our business strategy and maximize our profit and returns.

Last close 10.44 2026-10-23
Market cap $87.5M estimated share count
52-week range 9.71 - 23.49

Valuation FY2025 figures against the last close

P/S0.1x
P/E8.8x
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS1.19

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022
Revenue $971.1M$975.5M$764.6M—
Cost of revenue $758.9M$719.9M$548.3M—
Gross profit $212.2M$255.5M$216.3M—
SG&A $139.8M$136.4M$92.4M—
Interest expense $3.2M$2.5M$1.7M—
Pre-tax income $70.9M$116.9M$123.2M—
Income tax $2.5M$5.1M$0—
Net income $10.7M$16.1M$123.2M—
EPS, basic 1.191.82——
EPS, diluted 1.191.81——
Shares, diluted (wtd. avg.) 9.2M9.1M——

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022
Cash and equivalents $12.7M$22.4M$19.8M$29.6M
Property, plant and equipment $9.7M$3.8M$1.5M—
Goodwill $25.7M$25.7M$25.7M—
Total assets $557.6M$475.9M$352.7M—
Total liabilities $113.5M$74.2M$143.8M—
Retained earnings $26.1M$15.4M——
Total equity $86.7M$73.6M$208.9M$164.5M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022
Operating cash flow -$31.3M$19.1M$76.3M—
Depreciation and amortisation $2.5M$1.8M$1.1M—
Stock-based compensation $3.7M$4.4M$0—
Capital expenditure $5.5M$3.9M$1.3M—
Investing cash flow -$6.6M-$4.7M-$76.8M—
Financing cash flow $28.3M-$11.8M-$9.2M—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-017245.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 250M 500M 750M 1B Revenue, FY2023: 764.6M Gross profit, FY2023: 216.3M Net income, FY2023: 123.2M Revenue, FY2024: 975.5M Gross profit, FY2024: 255.5M Net income, FY2024: 16.1M Revenue, FY2025: 971.1M Gross profit, FY2025: 212.2M Net income, FY2025: 10.7M FY2022 FY2023 FY2024 FY2025
Fiscal year FY2022FY2023FY2024FY2025
Revenue — $764.6M $975.5M $971.1M
Gross profit — $216.3M $255.5M $212.2M
Net income — $123.2M $16.1M $10.7M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Shareholder vote Item 5.07
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 1531

TickerCompanyMarket capP/ERevenue growth
DHI HORTON D R INC /DE/ $41.25B 12.7x -6.9%
PHM PULTEGROUP INC/MI/ $22.72B 10.9x -3.5%
NVR NVR INC $15.95B 13.7x -1.9%
TOL Toll Brothers, Inc. $12.89B 10.4x 1.1%
ECG Everus Construction Group, Inc. $4.85B 24.0x 31.5%
MTH Meritage Homes CORP $4.18B 10.1x —
MHO M/I HOMES, INC. $3.13B 8.4x -1.9%
KBH KB HOME $2.88B 7.7x -10.0%