Smith Douglas Homes (SDHC) Cash Flow: Operating & Free Cash Flow

Smith Douglas Homes Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Cash flow statement showing operating, investing, and financing activities for Smith Douglas Homes Corp. (SDHC) - 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
Operating Activities
Net Income	10.69	111.83	123.18	140.44	62.53
Depreciation & Amortization	2.55	1.83	1.08	0.86	0.99
Deferred Income Tax	1.24	0.35	0.00	0.00	0.00
Stock Based Compensation	3.67	3.02	0.00	0.00	0.00
Change in Working Capital	-113.87	-103.78	-51.49	-12.73	-30.39
Change in Inventory	-46.23	-53.75	-33.69	-3.50	-16.60
Change in Accounts Payable	-15.30	-0.08	5.53	2.11	-0.65
Change in Other Working Capital	1.06	-49.95	-21.20	-11.34	-13.13
Other Operating Activities	1.06	5.88	3.49	3.51	-2.26
Net Cash from Operating Activities	-31.34	19.13	76.26	132.10	30.87
Investing Activities
Capital Expenditures	-5.52	-3.89	-1.31	-1.00	-0.73
Acquisitions	-1.14	0.00	-75.87	0.00	-0.84
Purchases of Investments	0.00	0.00	0.32	0.00	0.00
Sales/Maturities of Investments	0.00	0.00	0.32	0.00	0.00
Other Investing Activities	-1.11	-0.82	0.02	1.36	2.42
Net Cash from Investing Activities	-6.63	-4.71	-76.83	0.36	0.85
Financing Activities
Debt Repayment	-188.11	-75.36	-0.37	-56.23	4.44
Common Stock Issued	0.00	172.77	0.00	0.00	0.00
Common Stock Repurchased	0.00	-2.60	0.00	0.00	0.00
Dividends Paid	-28.40	-39.95	-78.79	-71.45	-40.99
Other Financing Activities	-3.49	-66.70	14.28	-0.52	-2.00
Net Cash from Financing Activities	28.35	-11.84	-9.25	-128.20	-38.54
Summary
Net Change in Cash	-9.62	2.59	-9.82	4.26	-6.82
Cash at Beginning of Period	22.36	19.78	29.60	25.34	32.16
Cash at End of Period	12.74	22.36	19.78	29.60	25.34
Free Cash Flow	-36.86	15.25	74.95	131.10	30.14
Supplemental Disclosures
Interest Paid	-	1.74	0.67	0.40	0.99
Income Taxes Paid	-	4.30	-	-	-

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 Cash Flow

What is Smith Douglas Homes's free cash flow?

Smith Douglas Homes had negative free cash flow of $36.86M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of −$31.34M minus $5.52M of capital expenditures.

How much does Smith Douglas Homes spend on capital expenditures?

Smith Douglas Homes spent $5.52M on capital expenditures in fiscal 2025, compared with $3.89M a year earlier.

Does Smith Douglas Homes pay dividends or buy back shares?

Yes. In fiscal 2025 Smith Douglas Homes returned $28.40M in dividends to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition