SDHC · Smith Douglas Homes Corp.
Price & Indicators
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Metrics snapshot
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AI Brief
Q2 FY26 earnings call · Aug 6, 2026TL;DR. Smith Douglas Homes posted strong volume growth in Q2 2026 with home closings up 25% to 839, net new orders up 32% to 970, active communities up 20% to 110 and backlog up 17% to 1,000, but profitability collapsed as home closing gross margin fell to 17.6% from 23.2%, pretax income fell to $1.9M from $17.2M and EPS dropped to $0.03 from $0.26, prompting a 16-16.5% Q3 gross margin guide while management is no longer providing full-year guidance.
- + Net new home orders grew 32% year-over-year to 970 in Q2 2026
- + Active community count increased 20% to 110, expanding the platform for future growth
- + Construction cycle time averaged 55 days, supporting working capital efficiency
- + Repurchased 312,351 shares for $4.4 million in Q2 as a disciplined capital allocation move
- − Home closing gross margin compressed sharply to 17.6% in Q2 2026 from 23.2% in Q2 2025
- − Pretax income fell to $1.9 million from $17.2 million, including $7.6M of impairment and abandonment charges
- − Diluted EPS dropped to $0.03 from $0.26 and net income fell to $1.8M from $16.4M
- − Incentive/discount usage expanded to 780 bps in Q2 2026 from 480 bps a year ago, pressuring margins
- − Q3 2026 gross margin guided to 16-16.5%, a step down from 17.6% in Q2, and full-year guidance has been withdrawn
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
Real Estate - Development — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
SDHC
this stock
Smith Douglas Homes Corp.
|
$510.32M | -40.1% | -0.4% | 13.9 | 2.0% |
|
CNGKY
Cheung Kong Property Holdings Limited/ADR
|
$22.29B | +15.5% | — | — | 0.0% |
|
HHH
Howard Hughes Holdings Inc.
|
$3.68B | -24.5% | -15.8% | — | 5.9% |
|
CCS
Century Communities, Inc.
|
$1.76B | +2.0% | -6.4% | 13.6 | 6.6% |
|
FOR
Forestar Group Inc.
|
$1.33B | +5.6% | +10.1% | 7.9 | 1.3% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| SDHC | -5.1% | -19.6% | -16.3% | -16.9% | -40.1% |
| SPY | -0.3% | -0.1% | +20.1% | -0.7% | +11.7% |
| vs SPY | -4.8% | -19.4% | -36.5% | -16.2% | -51.8% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.