Financial Snapshot

Revenue
$905.3M
TTM
Gross Margin
26.52%
TTM
Net Earnings
$41.65M
TTM
Current Assets
$305.7M
Q3 2024
Current Liabilities
$56.77M
Q3 2024
Current Ratio
538.51%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$372.4M
Q3 2024
Cash
Q3 2024
P/E
40.01
Dec 04, 2024 EST
Free Cash Flow
$31.54M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021
Revenue $764.6M $755.4M $518.9M
YoY Change 1.23% 45.58%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021
Revenue $764.6M $755.4M $518.9M
Cost Of Revenue $548.3M $532.6M $395.9M
Gross Profit $216.3M $222.8M $122.9M
Gross Profit Margin 28.29% 29.49% 23.7%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021
Selling, General & Admin $92.44M $83.27M $64.23M
YoY Change 11.02% 29.64%
% of Gross Profit 42.73% 37.38% 52.24%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.081M $864.0K $987.0K
YoY Change 25.12% -12.46%
% of Gross Profit 0.5% 0.39% 0.8%
Operating Expenses $92.44M $83.27M $64.23M
YoY Change 11.02% 29.64%
Operating Profit $123.9M $139.5M $58.71M
YoY Change -11.18% 137.56%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021
Interest Expense -$724.0K $386.0K -$1.138M
YoY Change -287.56% -133.92%
% of Operating Profit -0.58% 0.28% -1.94%
Other Income/Expense, Net $19.00K $573.0K -$188.0K
YoY Change -96.68% -404.79%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021
Pretax Income $123.2M $140.4M $62.53M
YoY Change -12.29% 124.6%
Income Tax
% Of Pretax Income
Net Earnings $123.2M $140.4M $62.53M
YoY Change -12.29% 124.6%
Net Earnings / Revenue 16.11% 18.59% 12.05%
Basic Earnings Per Share
Diluted Earnings Per Share $13.92 $18.26 $8.13

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021
Cash & Short-Term Investments $19.78M $29.60M $25.34M
YoY Change -33.19% 16.82%
Cash & Equivalents $19.78M $29.60M $25.34M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $213.1M $142.1M $138.9M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $232.9M $171.7M $164.3M
YoY Change 35.66% 4.5%
Property, Plant & Equipment $20.15M $5.800M $3.560M
YoY Change 247.36% 62.92%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $57.10M $33.48M $27.11M
YoY Change 70.56% 23.46%
Other Assets $3.481M $995.0K $558.0K
YoY Change 249.85% 78.32%
Total Long-Term Assets $119.8M $51.71M $36.92M
YoY Change 131.72% 40.06%
Total Assets $352.7M $223.4M $201.2M
YoY Change
Accounts Payable $17.32M $10.94M $8.822M
YoY Change 58.37% 23.95%
Accrued Expenses $19.80M $17.65M $10.50M
YoY Change 12.17% 68.12%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.567M
YoY Change
Total Short-Term Liabilities $39.63M $29.90M $20.82M
YoY Change 32.5% 43.66%
Long-Term Debt $74.06M $15.00M $72.00M
YoY Change 393.73% -79.17%
Other Long-Term Liabilities $30.10M $13.96M $12.86M
YoY Change 115.71% 8.56%
Total Long-Term Liabilities $104.2M $28.96M $84.86M
YoY Change 259.73% -65.88%
Total Liabilities $143.8M $58.86M $105.7M
YoY Change 144.29% -44.3%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $1.6661 Billion

About Smith Douglas Homes Corp.

Smith Douglas Homes Corp. engages in the business of designing, construction and sale of single-family homes. The company is headquartered in Woodstock, Georgia and currently employs 364 full-time employees. The company went IPO on 2024-01-11. The firm is a private home builder engaged in the design, construction, and sale of single-family homes in communities in certain markets in the southeastern United States. The firm operates through six segments: Alabama, Atlanta, Charlotte, Houston, Nashville, and Raleigh. The firm operates a land-light business model whereby the Company typically purchases finished lots via lot-option contracts from various third-party land developers or land bankers. The company designs, sells, and builds a range of single-family homes in each of its markets, with a core focus on the entry-level and empty-nest homebuyer segments. The company also offers a variety of floor plans ranging from 1,100 square feet to over 3,000 square feet. The company also offers title insurance services. Its plan library includes open-concept homes with single-level living, modern villas, and townhomes, and functional two and three-story homes, with extra space for conveniences.

Industry: Operative Builders Peers: BEAZER HOMES USA INC Green Brick Partners, Inc. CAVCO INDUSTRIES INC. Century Communities, Inc. Dream Finders Homes, Inc. HORTON D R INC /DE/ HOVNANIAN ENTERPRISES INC Landsea Homes Corp Legacy Housing Corp LGI Homes, Inc.