Filing Flows › Smith Douglas Homes (SDHC) › Q2 2026 › vs Q2 2025
Smith Douglas Homes (SDHC) Q2 2026 vs Q2 2025 (year over year)
Smith Douglas Homes's revenue rose $49.1M (+22%) from $224M in Q2 2025 to $273M in Q2 2026. Gross margin 17.6% against 23.2% (-5.6 pts).
Smith Douglas Homes, Q2 2026: revenue $273M (+22% year over year), operating margin 0.7%, net earnings $246K, operating cash flow $4.5M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 17.6% | 23.2% | -5.6 pts |
| Operating margin | 0.7% | 7.7% | -7.0 pts |
| Net margin | 0.1% | 1.1% | -1.0 pts |
| Free cash flow margin | 1.4% | -13.9% | +15.3 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $273M | $224M | $49.1M | +22% |
| Gross profit | $47.9M | $51.9M | −$4.0M | -8% |
| Cost of revenue | $225M | $172M | $53.1M | +31% |
| Operating profit | $1.9M | $17.2M | −$15.3M | -89% |
| Operating expenses | $46.1M | $34.8M | $11.3M | +32% |
| Pre-tax earnings | $1.9M | $17.2M | −$15.3M | -89% |
| Net earnings | $246K | $2.4M | −$2.1M | -90% |
| Minority interests | $1.5M | $14.1M | −$12.5M | -89% |
| Income tax | $100K | $744K | −$644K | -87% |
| Depreciation | $915K | $580K | $335K | +58% |
| Share-based compensation | $1.6M | $969K | $609K | +63% |
| Working capital & other | $1.8M | −$32.9M | $34.6M | — |
| Operating cash flow | $4.5M | −$28.9M | $33.5M | — |
| Free cash flow (OCF − capex) | $3.9M | −$31.1M | $35.0M | — |
| Capital expenditures | $599K | $2.1M | −$1.5M | -72% |
Questions
How much did Smith Douglas Homes's revenue grow year over year in Q2 2026?
Smith Douglas Homes's revenue rose $49.1M (+22%) from $224M in Q2 2025 to $273M in Q2 2026. Gross margin 17.6% against 23.2% (-5.6 pts).