Smith Douglas Homes (SDHC) Income Statement

Smith Douglas Homes reported revenue of $971.12M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 0.4% from $975.46M a year earlier. Net income was $10.69M, down 33.5% year over year, a net margin of 1.1%. Gross margin was 21.8% and operating margin 7.5%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $273.03M, up 21.9% from the same quarter a year earlier.

Smith Douglas Homes Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Smith Douglas Homes Corp. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Revenue & Gross Profit
Revenue	971.12	975.46	764.63	755.35	518.86
Cost of Revenue	758.95	720.02	548.30	532.60	395.92
Gross Profit	212.17	255.54	216.33	222.75	122.95
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	139.77	136.28	92.44	83.01	64.23
Operating Expenses	139.78	136.38	92.44	83.01	64.23
Operating Income	72.39	119.16	123.89	139.75	58.72
Other Income/Expense
Interest Income	2.08	1.16	0.93	0.00	0.00
Interest Expense	3.19	-2.49	-1.66	1.00	1.73
Other Income/Expense	-1.49	-2.27	-0.71	1.69	3.82
Income
Income Before Tax	70.90	116.89	123.18	140.44	62.53
Income Tax Expense	2.49	5.07	0.00	5.60	0.00
Net Income	10.69	16.07	123.18	140.44	62.53
Net Income - Continuous Operations	68.41	111.83	123.18	140.44	62.53
Net Income - Discontinued Operations	-	-	-	-	-
EBITDA	74.94	120.99	124.97	142.31	65.72
EBIT	72.39	119.16	123.89	141.44	58.72
Depreciation & Amortization	2.55	1.83	1.08	0.86	1.45
Earnings Per Share
Basic EPS	1.00	2.00	1083.00	18.00	7.00
Diluted EPS	1.00	2.00	1231800.00	18.00	1.00
Basic Shares Outstanding	9.00	8.85	0.11	7.89	8.85
Diluted Shares Outstanding	9.21	9.06	0.11	7.89	43.59

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Smith Douglas Homes Financial Statements

What was Smith Douglas Homes's revenue in fiscal 2025?

Smith Douglas Homes reported revenue of $971.12M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 0.4% from $975.46M a year earlier.

Is Smith Douglas Homes profitable?

Yes. Smith Douglas Homes earned net income of $10.69M in fiscal 2025, a net margin of 1.1%. In fiscal 2024 it earned $16.07M.

What is Smith Douglas Homes's operating margin?

Smith Douglas Homes's operating income was $72.39M on revenue of $971.12M in fiscal 2025, an operating margin of 7.5%, compared with 12.2% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition