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Companies / Industrials / Smith Douglas Homes Corp.
SDHC

Smith Douglas Homes Corp.

IndustrialsConstruction
Ticker SDHCWOODSTOCK, GAFiscal year ends DecemberBook value per share $9.46Diluted shares 8.6M

Smith Douglas Homes Corp. (NYSE: SDHC) designs, constructs and sells single-family homes, primarily to entry-level and empty-nest buyers, in markets across the Southeastern and Southern United States. Its homes offer buyers a selection of floor plans and design options, and the company typically builds on a pre-sold… From the company’s description.

Over the twelve months to Sep 30, 2026, Smith Douglas Homes Corp. reported revenue of $1.00B, up 0.4% from a year earlier, and net income of $25.91M. Its operating margin was 2.9%, and operations used $18.73M in cash. In fiscal 2025, it reported revenue of $971.12M, down 0.4% from fiscal 2024, and net income of $68.41M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$971.12MFY2025
−0.4% year over year
Last 12 mo $1.00B
7.45%FY2025
−4.8 percentage points
Last 12 mo 2.86%
$68.41MFY2025
−38.8% year over year
Last 12 mo $25.91M
12.33%FY2025
−9.5 percentage points
Last 12 mo 6.04%
Cash & financing
$-31.34MFY2025
−263.8% year over year
Last 12 mo $-18.73M
$-36.86MFY2025
−341.8% year over year
Last 12 mo $-22.42M
0.54FY2025
Was 0.11× a year earlier
Last 12 mo 1.34
9.2MFY2025
Last 12 mo 8.6M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Smith Douglas Homes Corp. does

In the company’s own words

Smith Douglas Homes Corp. (NYSE: SDHC) designs, constructs and sells single-family homes, primarily to entry-level and empty-nest buyers, in markets across the Southeastern and Southern United States. Its homes offer buyers a selection of floor plans and design options, and the company typically builds on a pre-sold basis. Operations are organized into two reportable segments: Southeast, covering Atlanta, Central Georgia, Charlotte, Greenville and Raleigh; and Central, covering Alabama, Dallas-Fort Worth, Houston, Nashville and the Alabama Gulf Coast. In 2025, Smith Douglas closed 2,908 homes and recorded approximately $334,000 in average sales price per home. The company uses a land-light model, typically obtaining finished lots through option contracts with third-party developers and land bankers. Founded in Atlanta in 2008, it expanded organically into additional markets and entered Houston through its 2023 acquisition of Devon Street Homes. Its website is https://www.smithdouglas.com.

Company details
Sector
Industrials
Industry (SIC)
Construction
Headquarters
WOODSTOCK, GA
Fiscal year end
December
CIK
1982518
SIC
1531

Financial performance, year by year

Fiscal 2024–2025 · USD
$-100.24M$200.48M$501.20M$801.93M$1.10B20242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Smith Douglas Homes Corp. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

37
funds hold it
1 of 35
superinvestors hold it
$35.74M
held by funds, at market
29.0%
of shares held by funds

Superinvestors in Smith Douglas Homes Corp. · what they did last quarter

Ruane CunniffINCREASED +88.2%
Ruane, Cunniff & Goldfarb (Sequoia)
<0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Smith Douglas Homes Corp.’s weight in each

Wasatch Micro Cap Fund
WMICX · WASATCH FUNDS TRUST
—of fund net assets
Virtus KAR Small-Cap Growth Fund
PSGAX · Virtus Equity Trust
1.15%of fund net assets
First Eagle Small Cap Opportunity Fund
FESRX · First Eagle Funds
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
Federated Hermes Kaufmann Small Cap Fund
FKASX · Federated Hermes Equity Funds
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Smith Douglas Homes Corp. and its peers compare on margins and cash generation over ten years?”
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  • “What changed in Smith Douglas Homes Corp.'s last four quarterly filings that the numbers alone won't show?”
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