SND vs. SAND

Last updated Apr 1, 2026

Compare and contrast key facts about Smart Sand, Inc. (SND) and Sandstorm Gold Ltd. (SAND).

Performance

SND vs. SAND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Smart Sand, Inc. (SND) and Sandstorm Gold Ltd. (SAND). The values are adjusted to include any dividend payments, if applicable.

SND vs. SAND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SND Smart Sand, Inc.	28.00%	89.81%	22.13%	7.82%	0.56%	3.49%	-31.75%	13.51%	-74.36%	-47.67%
SAND Sandstorm Gold Ltd.	0.00%	118.72%	12.15%	-3.32%	-14.29%	-13.53%	-3.76%	61.61%	-7.62%	27.95%

Fundamentals

Market Cap SND : $202.69M SAND : $3.64B
EPS SND : $0.03 SAND : $0.11
PE Ratio SND : 149.62 SAND : 105.77
PS Ratio SND : 0.61 SAND : 18.81
PB Ratio SND : 0.85 SAND : 2.55
Total Revenue (TTM) SND : $330.15M SAND : $193.59M
Gross Profit (TTM) SND : $37.89M SAND : $114.43M
EBITDA (TTM) SND : $10.26M SAND : $144.88M

Returns By Period

SND

• 1D: -2.10%
• 1M: -1.35%
• YTD: 28.00%
• 6M: 142.98%
• 1Y: 111.06%
• 3Y*: 48.18%
• 5Y*: 16.93%
• 10Y*: —

SAND

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

SND vs. SAND — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SND

SND Risk / Return Rank: 84
SND Sharpe Ratio Rank: 87
SND Sortino Ratio Rank: 81
SND Omega Ratio Rank: 84
SND Calmar Ratio Rank: 89
SND Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SND vs. SAND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Smart Sand, Inc. (SND) and Sandstorm Gold Ltd. (SAND). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	SND	SAND	Difference
Sharpe ratio Return per unit of total volatility	1.68	—	—
Sortino ratio Return per unit of downside risk	2.17	—	—
Omega ratio Gain probability vs. loss probability	1.32	—	—
Calmar ratio Return relative to maximum drawdown	3.61	—	—
Martin ratio Return relative to average drawdown	6.40	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SND	SAND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.68	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.09	—	—

Correlation

The correlation between SND and SAND is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SND vs. SAND - Dividend Comparison

SND's dividend yield for the trailing twelve months is around 2.93%, more than SAND's 0.36% yield.

	TTM	2025	2024	2023	2022
SND Smart Sand, Inc.	2.93%	3.75%	4.44%	0.00%	0.00%
SAND Sandstorm Gold Ltd.	0.36%	0.47%	1.06%	1.19%	1.17%

Drawdowns

Drawdown Indicators

	SND	SAND	Difference
Max Drawdown Largest peak-to-trough decline	-97.14%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-32.36%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-70.32%	—	—
Current Drawdown Current decline from peak	-72.73%	—	—
Average Drawdown Average peak-to-trough decline	-81.44%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	18.26%	—	—

Volatility

Volatility by Period

	SND	SAND	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.72%	—	—
Volatility (6M) Calculated over the trailing 6-month period	55.82%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	66.45%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.21%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.46%	—	—

Financials

SND vs. SAND - Profitability Comparison

The chart below illustrates the profitability comparison between Smart Sand, Inc. and Sandstorm Gold Ltd. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SND - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Smart Sand, Inc. reported a gross profit of 11.22M and revenue of 86.05M. Therefore, the gross margin over that period was 13.0%.

SAND - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Sandstorm Gold Ltd. reported a gross profit of 33.10M and revenue of 51.42M. Therefore, the gross margin over that period was 64.4%.

SND - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Smart Sand, Inc. reported an operating income of -2.70M and revenue of 86.05M, resulting in an operating margin of -3.1%.

SAND - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Sandstorm Gold Ltd. reported an operating income of 26.02M and revenue of 51.42M, resulting in an operating margin of 50.6%.

SND - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Smart Sand, Inc. reported a net income of 1.18M and revenue of 86.05M, resulting in a net margin of 1.4%.

SAND - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Sandstorm Gold Ltd. reported a net income of 15.46M and revenue of 51.42M, resulting in a net margin of 30.1%.