Smith Douglas Homes Corp.
Smith Douglas Homes Corp. (NYSE: SDH) is a homebuilder engaged in the design, construction, and sale of single-family homes across the Southeastern and Southern United States. The company operates through two reportable segments: the Southeast segment, which includes operations in Atlanta, Central Georgia, Charlotte,… From the company’s description.
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: SDH) is a homebuilder engaged in the design, construction, and sale of single-family homes across the Southeastern and Southern United States. The company operates through two reportable segments: the Southeast segment, which includes operations in Atlanta, Central Georgia, Charlotte, Greenville, and Raleigh, and the Central segment, comprising Alabama, Dallas-Fort Worth, Houston, Nashville, and the Alabama Gulf Coast divisions. The company website is www.smithdouglashomes.com.
Smith Douglas employs an efficient land-light business model, acquiring finished lots primarily through option contracts from third-party developers rather than owning land outright. This strategy reduces capital requirements and operational risk while enabling just-in-time lot delivery aligned with home orders and starts. The company targets entry-level and empty-nest homebuyers, offering homes with an average sales price of approximately $334,000 and providing personalized buying experiences through value-engineered floor plans and customizable options.
The company's competitive advantages center on operational efficiency and production scheduling. Smith Douglas utilizes a proprietary enterprise resource planning system called SMART Builder, which manages the entire construction ecosystem in real-time. The company's Rteam partnership philosophy emphasizes collaboration among employees, developers, suppliers, and trade partners, resulting in construction cycle times of approximately 52 business days, among the lowest in the public homebuilding sector. For the year ended December 31, 2025, the company closed 2,908 homes and achieved inventory turnover of 2.6 times.
Smith Douglas was founded in 2008 and has grown through organic expansion and strategic acquisitions, including the 2023 acquisition of Devon Street Homes, which provided entry into the Houston market. The company completed its initial public offering in January 2024 at $21.00 per share, raising approximately $185.8 million in gross proceeds. The company maintains a conservative balance sheet with significant liquidity and operates with a dual-class share structure that provides voting control to the Continuing Equity Owners, including founder Tom Bradbury and Chief Executive Officer Greg Bennett.
Company details
- Sector
- Industrials
- Industry
- Construction
- Headquarters
- WOODSTOCK, GA
- Fiscal year end
- December
- CIK
- 1982518
- SIC
- 1531
Financial performance, year by year
Fiscal 2024–2025 · USDThe 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.
Who owns Smith Douglas Homes Corp. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Superinvestors in Smith Douglas Homes Corp. · what they did last quarter
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
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.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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