Smith Douglas Homes Corp. · Operative Builders

SDHC

Low riskNext report: Around Nov 4 (est.)

View price ↗

The short version

A profitable company with growing sales.

Going well

Sales up 22% in the latest quarter vs a year ago
Profitable

Money moves

No insider buying or selling in the last 30 days
Institutions cut 5.2% from their holdings in the quarter ending June 2026 (37 bought, 29 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$10.52+0.9% that day

Company value: $88M; Share price times all shares
Price vs profit (P/E): 14.2x; You pay about $14 for each $1 of yearly profit
Price vs sales: 0.09x; Company value is 0.09 times a year of sales
Cash vs value: 16%; Cash as a share of company value
Debt vs value: 50%; Debt as a share of company value

From SDHC's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$273.0M+22% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $1.0B, down 1.2% from the 12 months before.

What the price assumes

Your guesses, our math

Move the sliders to your own view of SDHC. Starting points are the company's recent numbers.

Sales growth-1% a yearRecently: -1.2% a yearProfit margin1%Last 12 months: 0.6%P/E at the end14xToday: 14.2x. Many steady companies trade at 12x to 25xShare count change0% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$953M

Profit in 5 years$10M

Price these guesses point to$15.92+51% vs $10.52 todayAbout +8.6% a year, before dividends

What today's price needs: with a 1% margin and a 14x P/E, sales could shrink about 8.9% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

0/5Weak

MissReturn on equity 15%+Earns a lot on the money owners have in the business.13.3%
MissDebt under half of equityNot relying on borrowed money.0.51x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.1.1%
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$36.9M
MissGross margin 40%+Pricing power: sells for well above what it costs to make.21.8%

Revenue: $971.1M; -0.4% vs prior year
Total debt: $44.1M; 0.51x equity
Free cash flow: -$36.9M; -3.8% of revenue

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: profitable every year, share count not growing. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Aug 6

Revenue: $273.0M; +21.9% YoY
EPS: $0.03; vs $0.26
Gross margin: 17.6%; -5.6 pts
Free cash flow: $3.9M
Share count: -6.9%; vs a year ago

Insider rating

Last 90 days

No open-market insider buys or sells in the last 90 days.

Weekly insider trend

No trades to chart yet.

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 0.9
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Steady-5.2%

Institutions cut 5.2% from their holdings. 37 bought, 29 sold. 2 quarters of net selling in a row.

Shares held by institutions7.4M

Sep '24Jun '26

Safety check

From SEC filings

Cash runwayAt last year's cash burn

5 months

Debt to equityLatest balance sheet: debt compared with what owners have

0.8x · $66.0M debt

Shares outstandingLatest reported

Earnings reports

Last 11

Next reportAround Nov 4 (est.)Estimated from the same quarter last year

Results filedAug 6
Results filedApr 29
Results filedMar 11
Results filedNov 5, 2025
Results filedAug 6, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

5%+ holder update (passive)Oct 13 · View filing ↗Big holder 5%+ holder update (passive)Aug 13 · View filing ↗Big holder

Insider trades

Open-market buys and sells, last 90 days

No open-market buys or sells in 90 days. Grants and option exercises are left out.

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.

Latest filings

Straight from SEC EDGAR

5%+ holder update (passive)Oct 13 · Form SCHEDULE 13G/A ↗

Stock awardNeill B FaucettDirector

2,466 shares at $10.14 · $25K

+7% of holdings
Now owns 36,879 shares
Filed 4 days after trade

Oct 1Form 4 ↗

Stock awardJeffrey T JacksonDirector

3,082 shares at $10.14 · $31K

+7% of holdings
Now owns 49,511 shares
Filed 4 days after trade

Oct 1Form 4 ↗

Stock awardJulie BradburyDirector

2,096 shares at $10.14 · $21K

+8% of holdings
Now owns 29,724 shares
Filed 4 days after trade

Oct 1Form 4 ↗

BoughtThomas L BradburyDirector, 10% owner

19,360 shares at $10.31 · $200K

+33% of holdings
Now owns 78,278 shares
Filed 4 days after trade

Sep 10Form 4 ↗

BoughtGregory S BennettSee Remarks, Director

2,000 shares at $11.85 avg ($11.50 to $12.20) · $24K

+1% of holdings
Now owns 219,526 shares
2 transactions
Filed 1 day after trade

Sep 2Form 4 ↗

BoughtRussell DevendorfSee Remarks

1,000 shares at $12.34 · $12K

+0% of holdings
Now owns 317,461 shares
Filed 1 day after trade

Aug 25Form 4 ↗

Insider tradeAug 24 · Form 4 ↗5%+ holder update (passive)Aug 13 · Form SCHEDULE 13G/A ↗Earnings resultsAug 6 · Form 8-K ↗Quarterly reportAug 6 · Form 10-Q ↗Insider tradeJul 2 · Form 4 ↗Insider tradeJul 2 · Form 4 ↗Shareholder vote resultsJun 10 · Form 8-K ↗Insider tradeJun 8 · Form 4 ↗

Source: SEC EDGAR filings. For informational purposes. Not investment advice.

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