Smith Douglas Homes Corp. (SDHC)

Smith Douglas Homes Corp. engages in designing, constructing, and sale of single-family homes. The company offers title insurance and mortgage brokerage services. It targets and markets homes and communities to entry-level and empty-nest homebuyers. Smith Douglas Homes Corp. was founded in 2008 and is headquartered in Woodstock, Georgia

Ticker: SDHC
Exchange: NYSE
Sector: Real Estate
Industry: Real Estate - Development
Market cap: $498.43M
52-week range: $9.60 - $23.49

Valuation

Share price: $9.81 (close of Nov 6, 2026)
P/E (TTM): 17.84x
Price to book: 1.14x
Price to free cash flow: -22.23x
Enterprise value: $495.74M
Book value per share: $8.60

Price performance

Period	Change
1 day	-4.94%
5 days	-4.20%
1 month	-3.73%
3 months	-30.18%
6 months	-24.60%
Year to date	-41.50%
1 year	-41.47%
All time	-59.13%

Short interest

As of: Oct 15, 2026
Short % of float: 25.22%
Shares short: 1.03M
Days to cover: 22.92
Change since prior report: +4.60%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: 2.41%
Return on assets: 1.92%
Gross margin: 21.85%
Net margin: 1.10%
EBITDA margin: 1.95%
Revenue growth: -0.45%
Net income growth: -33.45%

Cash flow and balance sheet

Free cash flow yield (TTM): -4.50%
Net debt to EBITDA: -0.09x

Latest reported year

Period end: Dec 31, 2025
Fiscal year: 2025
Revenue: $971.12M
Cost of revenue: $758.95M
Gross profit: $212.17M
EBITDA: $18.93M
Net income: $10.69M
Earnings per share: $1.19
Interest expense: $3.19M
Shares outstanding: 9.00M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$971.12M	$212.17M	$10.69M	$1.19
2024-12-31	$975.46M	$255.54M	$16.07M	$1.82
2023-12-31	$764.63M	$216.33M	$123.18M	$16.01
2022-12-31	$755.35M	$222.75M	$140.44M	-
2021-12-31	$518.86M	$122.95M	$62.53M	-

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity
2025-12-31	21.85%	1.10%	2.41%
2024-12-31	26.20%	1.65%	4.00%
2023-12-31	28.29%	16.11%	58.97%
2022-12-31	29.49%	18.59%	85.37%
2021-12-31	23.70%	12.05%	65.47%

Cash and debt by year

Period end	Cash
2025-12-31	$12.74M
2024-12-31	$22.36M
2023-12-31	$19.78M
2022-12-31	$29.60M
2021-12-31	$25.34M

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	-$36.86M	$3.67M
2024-12-31	$15.24M	$4.36M
2023-12-31	$74.95M	-
2022-12-31	$131.09M	-
2021-12-31	$30.14M	-

Investor relations

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-11-04	Sep 2026	$0.10
2026-08-06	Jun 2026	$0.12
2026-04-29	Mar 2026	$0.05
2026-03-11	Dec 2025	$0.12
2025-11-05	Sep 2025	$0.26
2025-08-06	Jun 2025	$0.25
2025-05-14	Mar 2025	$0.30
2025-03-12	Dec 2024	$0.46

Filings and sources

Company website: smithdouglas.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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