SDHC · Smith Douglas Homes Corp.
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
Cap structure and valuation
| Cap structure | |
|---|---|
| SP | $11.12 |
| SO | 50.8M |
| Options | 0.0M |
| Warrants | 0.0M |
| FD SO | 50.8M |
| MC | $565.5M |
| Cash | $14.2M |
| Total debt | $66.0M ⚠ |
| EV | $617.3M |
| TTM Multiples | |
|---|---|
| EV / Revenue | 0.6x |
| EV / EBITDA | — |
| MC / Net Income | 14.5x |
| EV / FCF | 18.2x |
| MC / FCF | 16.7x |
| Ownership & coverage | |
|---|---|
| Institutional | 85.0% |
| Insiders | 4.6% |
| # Institutions | 75 |
| Analysts | 3 |
| Consensus | — |
| Avg target | $13.17 |
| Short % float | 24.6% |
| Days to cover | 19.90 |
MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-07-31. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-09-15 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest per FINRA bi-monthly reporting, as of 2026-08-31; the float denominator can be unreliable on tiny floats.
Debt figure uncertain — $20.5M of liabilities are neither recognized debt nor a named non-debt item. Verify against the filing before relying on EV.
Financial statements
| 6/30/26 | 3/31/26 | 12/31/25 | 9/30/25 | |
|---|---|---|---|---|
| Total Revenue | 273.03 | 206.44 | 260.43 | 262.04 |
| Revenue YoY % | 21.9% | (8.1%) | (9.4%) | (5.7%) |
| Cost of Revenue | 225.10 | 165.99 | 208.70 | 207.07 |
| Gross Profit | 47.92 | 40.45 | 51.73 | 54.97 |
| Gross Profit YoY % | (7.7%) | (24.4%) | (29.5%) | (25.4%) |
| Gross Margin % | 17.6% | 19.6% | 19.9% | 21.0% |
| SG&A | 41.91 | 35.91 | 35.99 | 36.09 |
| Interest Expense | 0.64 | 0.85 | 0.86 | 0.90 |
| Pretax Income | 1.87 | 4.32 | 16.92 | 17.24 |
| Tax Provision | 0.10 | 0.25 | (0.13) | 1.02 |
| Net Income | 1.77 | 4.06 | 17.05 | 16.21 |
| Net Income to Common | 0.25 | 0.56 | 3.52 | 2.13 |
| Net Margin % | 0.6% | 2.0% | 6.5% | 6.2% |
| Diluted EPS | $0.03 | $0.06 | $0.41 | $0.24 |
| Basic EPS | $0.03 | $0.06 | $0.39 | $0.24 |
| Diluted Avg Shares | 8.4 | 9.1 | — | 9.1 |
| Basic Avg Shares | 8.4 | 9.1 | — | 9.0 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | |
|---|---|---|---|---|
| Total Revenue | 1,001.94 | 971.12 | 975.46 | 764.63 |
| Revenue YoY % | 3.2% | (0.4%) | 27.6% | — |
| Cost of Revenue | 806.87 | 758.95 | 719.92 | 548.30 |
| Gross Profit | 195.07 | 212.17 | 255.54 | 216.33 |
| Gross Profit YoY % | (8.1%) | (17.0%) | 18.1% | — |
| Gross Margin % | 19.5% | 21.8% | 26.2% | 28.3% |
| SG&A | 149.91 | 139.78 | 136.38 | 92.44 |
| Interest Expense | 3.24 | 3.19 | 2.49 | 1.66 |
| Pretax Income | 40.34 | 70.90 | 116.89 | 123.18 |
| Tax Provision | 1.24 | 2.49 | 5.07 | 0.00 |
| Net Income | 39.09 | 68.41 | 111.83 | 123.18 |
| Net Income to Common | 6.46 | 10.69 | 16.07 | — |
| Net Margin % | 3.9% | 7.0% | 11.5% | 16.1% |
| Diluted EPS | $0.74 | $1.19 | $1.81 | — |
| Basic EPS | $0.72 | $1.19 | $1.82 | — |
| Diluted Avg Shares | 8.4 | 9.2 | 9.1 | — |
| Basic Avg Shares | 8.4 | 9.0 | 8.8 | — |
| 6/30/26 | 3/31/26 | 12/31/25 | 9/30/25 | |
|---|---|---|---|---|
| Cash & Equivalents | 14.20 | 27.99 | 12.74 | 14.78 |
| Net PPE | 9.21 | 9.40 | 9.72 | 9.51 |
| Operating Lease ROU | 2.56 | 1.77 | 1.90 | 2.04 |
| Goodwill | 25.73 | 25.73 | 25.73 | 25.73 |
| Long-term Investments | 2.30 | 2.20 | 2.30 | 2.20 |
| Other Assets | 538.11 | 533.10 | 505.20 | 517.31 |
| Total Assets | 592.10 | 600.19 | 557.59 | 571.56 |
| Other Liabilities | 159.15 | 164.30 | 113.46 | 145.12 |
| Total Liabilities | 159.15 | 164.30 | 113.46 | 145.12 |
| Retained Earnings | 26.92 | 26.68 | 26.11 | 22.59 |
| Total Equity | 432.96 | 435.89 | 444.14 | 426.44 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | |
|---|---|---|---|---|
| Cash & Equivalents | 14.20 | 12.74 | 22.36 | 19.78 |
| Net PPE | 9.21 | 9.72 | 3.77 | 1.54 |
| Operating Lease ROU | 2.56 | 1.90 | 3.06 | 1.79 |
| Goodwill | 25.73 | 25.73 | 25.73 | 25.73 |
| Long-term Investments | 2.30 | 2.30 | 1.00 | 0.10 |
| Other Assets | 538.11 | 505.20 | 419.97 | 303.76 |
| Total Assets | 592.10 | 557.59 | 475.90 | 352.69 |
| Other Liabilities | 159.15 | 113.46 | 74.17 | 143.79 |
| Total Liabilities | 159.15 | 113.46 | 74.17 | 143.79 |
| Retained Earnings | 26.92 | 26.11 | 15.42 | 0.00 |
| Total Equity | 432.96 | 444.14 | 401.73 | 208.90 |
| 6/30/26 | 3/31/26 | 12/31/25 | 9/30/25 | |
|---|---|---|---|---|
| Net Income | 1.77 | 4.06 | 17.05 | 16.21 |
| D&A | 0.92 | 0.86 | 0.78 | 0.70 |
| Stock-Based Comp | 1.58 | 1.17 | 1.03 | 1.05 |
| Δ Working Cap & Other | 0.25 | (5.75) | (9.11) | 4.78 |
| Operating Cash Flow | 4.51 | 0.34 | 9.76 | 22.75 |
| CapEx | (0.60) | (0.54) | (1.01) | (1.36) |
| Investing Cash Flow | (0.59) | (0.56) | (1.06) | (1.35) |
| Stock Issuance | — | — | 0.00 | 0.00 |
| Other Financing | (17.71) | 15.47 | (10.73) | (23.41) |
| Financing Cash Flow | (17.71) | 15.47 | (10.73) | (23.41) |
| Free Cash Flow | 3.91 | (0.20) | 8.74 | 21.40 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | |
|---|---|---|---|---|
| Net Income | 39.09 | 68.41 | 111.83 | 123.18 |
| D&A | 3.25 | 2.55 | 1.82 | 1.08 |
| Stock-Based Comp | 4.83 | 3.67 | 4.36 | 0.00 |
| Δ Working Cap & Other | (9.82) | (105.96) | (98.88) | (48.00) |
| Operating Cash Flow | 37.36 | (31.34) | 19.13 | 76.26 |
| CapEx | (3.51) | (5.52) | (3.89) | (1.31) |
| Other Investing | — | (1.11) | (0.82) | (75.52) |
| Investing Cash Flow | (3.56) | (6.63) | (4.71) | (76.83) |
| Stock Issuance | — | 0.00 | 0.00 | 0.00 |
| Other Financing | (36.38) | 28.35 | (11.84) | (9.25) |
| Financing Cash Flow | (36.38) | 28.35 | (11.84) | (9.25) |
| Free Cash Flow | 33.85 | (36.86) | 15.24 | 74.95 |
| 6/30/26 | 3/31/26 | 12/31/25 | 9/30/25 | |
|---|---|---|---|---|
| Current Ratio | — | — | — | — |
| Quick Ratio | — | — | — | — |
| Debt / Equity | — | — | — | — |
| EBITDA Margin % | — | — | — | — |
| Working Capital | — | — | — | — |
| Net Debt | — | — | — | — |
| ROE % | 0.4% | 0.9% | 3.8% | 3.8% |
| ROA % | 0.3% | 0.7% | 3.1% | 2.8% |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | |
|---|---|---|---|---|
| Current Ratio | — | — | — | — |
| Quick Ratio | — | — | — | — |
| Debt / Equity | — | — | — | — |
| EBITDA Margin % | — | — | — | — |
| Working Capital | — | — | — | — |
| Net Debt | — | — | — | — |
| ROE % | 9.0% | 15.4% | 27.8% | 59.0% |
| ROA % | 6.6% | 12.3% | 23.5% | 34.9% |
Insider activity (last 2 years)
| Date Filed | Reporter | Relationship | Trans. Date | Code | Shares | Price | Total Value |
|---|---|---|---|---|---|---|---|
| 2026-09-14 | Bradbury Thomas L | Director, 10% Owner | 2026-09-10 | P | 19,360 | $10.31 | $199,522 |
| 2026-09-03 | Bennett Gregory S | Director, Officer (See Remarks) | 2026-09-02 | P | 1,000 | $11.50 | $11,500 |
| 2026-09-03 | Bennett Gregory S | Director, Officer (See Remarks) | 2026-09-01 | P | 1,000 | $12.20 | $12,197 |
| 2026-08-26 | Devendorf Russell | Officer (See Remarks) | 2026-08-25 | P | 1,000 | $12.34 | $12,340 |
| 2026-08-24 | Devendorf Russell | Officer (See Remarks) | 2026-08-20 | P | 1,000 | $12.68 | $12,680 |
| 2026-07-02 | Faucett Neill B | Director | 2026-07-01 | A | 1,612 | $15.51 | $25,002 |
| 2026-07-02 | Jackson Jeffrey T | Director | 2026-07-01 | A | 2,015 | $15.51 | $31,253 |
| 2026-06-08 | Jackson Jeffrey T | Director | 2026-06-04 | A | 10,008 | — | $0 |
| 2026-06-08 | Bradbury Julie | Director | 2026-06-04 | A | 10,008 | — | $0 |
| 2026-06-08 | Wedewer Neil B | Director | 2026-06-04 | A | 10,008 | — | $0 |
| 2026-06-08 | Perdue George Ervin III | Director | 2026-06-04 | A | 10,008 | — | $0 |
| 2026-06-08 | Faucett Neill B | Director | 2026-06-04 | A | 10,008 | — | $0 |
| 2026-06-08 | WALKER JANICE E. | Director | 2026-06-04 | A | 10,008 | — | $0 |
| 2026-05-22 | Devendorf Russell | Officer (See Remarks) | 2026-05-20 | P | 2,000 | $10.88 | $21,760 |
| 2026-04-09 | Faucett Neill B | Director | 2026-04-08 | A | 1,745 | $14.33 | $25,006 |
| 2026-04-09 | Jackson Jeffrey T | Director | 2026-04-08 | A | 2,181 | $14.33 | $31,254 |
| 2026-03-30 | Steele Brett Allen | Officer (See Remarks) | 2026-03-20 | F | (1,430) | $11.34 | -$16,216 |
| 2026-03-30 | Devendorf Russell | Officer (See Remarks) | 2026-03-20 | F | (3,182) | $11.34 | -$36,084 |
| 2026-03-30 | Bennett Gregory S | Director, Officer (See Remarks) | 2026-03-20 | F | (13,231) | $11.34 | -$150,040 |
| 2026-03-17 | Wedewer Neil B | Director | 2026-03-13 | P | 700 | $11.38 | $7,966 |
| 2026-03-17 | Steele Brett Allen | Officer (See Remarks) | 2026-03-13 | A | 10,817 | — | $0 |
| 2026-03-17 | Devendorf Russell | Officer (See Remarks) | 2026-03-13 | P | 1,000 | $11.56 | $11,560 |
| 2026-03-17 | Devendorf Russell | Officer (See Remarks) | 2026-03-13 | A | 29,715 | — | $0 |
| 2026-03-17 | Bradbury Thomas L | Director, 10% Owner | 2026-03-13 | P | 22,618 | $11.36 | $256,891 |
| 2026-03-17 | Perdue George Ervin III | Director | 2026-03-13 | P | 20,300 | $12.27 | $249,012 |
| 2026-03-17 | Bennett Gregory S | Director, Officer (See Remarks) | 2026-03-13 | A | 133,717 | — | $0 |
| 2026-01-20 | Devendorf Russell | Officer (See Remarks) | 2026-01-16 | F | (14,024) | $20.90 | -$293,102 |
| 2025-06-16 | Perdue George Ervin III | Director | 2025-06-13 | P | 1,400 | $18.25 | $25,550 |
| 2025-06-16 | Perdue George Ervin III | Director | 2025-06-12 | P | 500 | $19.40 | $9,700 |
| 2025-06-16 | Perdue George Ervin III | Director | 2025-06-11 | P | 3,500 | $19.74 | $69,075 |
| 2025-06-11 | Perdue George Ervin III | Director | 2025-06-10 | P | 1,684 | $20.17 | $33,963 |
| 2025-06-09 | Jackson Jeffrey T | Director | 2025-06-05 | A | 6,543 | — | $0 |
| 2025-06-09 | WALKER JANICE E. | Director | 2025-06-05 | A | 6,543 | — | $0 |
| 2025-06-09 | Wedewer Neil B | Director | 2025-06-05 | A | 6,543 | — | $0 |
| 2025-06-09 | Faucett Neill B | Director | 2025-06-05 | A | 6,543 | — | $0 |
| 2025-06-09 | Perdue George Ervin III | Director | 2025-06-05 | A | 6,543 | — | $0 |
| 2025-06-09 | Bradbury Julie | Director | 2025-06-05 | A | 6,543 | — | $0 |
| 2025-06-04 | Perdue George Ervin III | Director | 2025-06-04 | P | 2,412 | $18.83 | $45,407 |
| 2025-06-04 | Perdue George Ervin III | Director | 2025-06-03 | P | 10,000 | $19.09 | $190,920 |
| 2025-06-04 | Perdue George Ervin III | Director | 2025-06-02 | P | 6,840 | $18.34 | $125,470 |
| 2025-05-28 | Faucett Neill B | Director | 2025-05-23 | P | 7,000 | $17.36 | $121,503 |
| 2025-05-22 | Devendorf Russell | Officer (See Remarks) | 2025-05-21 | P | 3,000 | $16.80 | $50,389 |
| 2025-05-20 | Jackson Jeffrey T | Director | 2025-05-16 | P | 6,000 | $18.49 | $110,933 |
| 2025-05-20 | Bradbury Thomas L | Director, 10% Owner | 2025-05-16 | P | 7,800 | $18.78 | $146,490 |
| 2025-05-20 | Bradbury Thomas L | Director, 10% Owner | 2025-05-16 | P | 28,500 | $19.47 | $554,958 |
| 2025-03-24 | Bennett Gregory S | Director, Officer (See Remarks) | 2025-03-20 | A | 97,040 | — | $0 |
| 2025-03-24 | Devendorf Russell | Officer (See Remarks) | 2025-03-20 | A | 24,260 | — | $0 |
| 2025-03-24 | Steele Brett Allen | Officer (See Remarks) | 2025-03-20 | A | 14,556 | — | $0 |
| 2025-03-24 | Devendorf Russell | Officer (See Remarks) | 2025-01-16 | F | (13,022) | $24.73 | -$322,034 |
| 2025-03-24 | Steele Brett Allen | Officer (See Remarks) | 2025-01-16 | F | (2,489) | $24.73 | -$61,553 |
| 2025-03-24 | Faucett Neill B | Director | 2024-06-04 | A | 3,934 | — | $0 |
| 2025-03-24 | WALKER JANICE E. | Director | 2024-06-04 | A | 3,934 | — | $0 |
| 2025-03-24 | Jackson Jeffrey T | Director | 2024-06-04 | A | 3,934 | — | $0 |
| 2025-03-24 | Perdue George Ervin III | Director | 2024-06-04 | A | 3,934 | — | $0 |
| 2025-03-24 | Wedewer Neil B | Director | 2024-06-04 | A | 3,934 | — | $0 |
| 2025-03-24 | Bradbury Julie | Director | 2024-06-04 | A | 3,934 | — | $0 |
| 2024-11-21 | Jackson Jeffrey T | Director | 2024-11-19 | P | 8,605 | $29.77 | $256,182 |