Smith Douglas Homes
Builds value-oriented new homes for entry-level and empty-nest buyers across the Southeastern and Southern United States.
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Profile
Builds value-oriented new homes for entry-level and empty-nest buyers through a land-light, option-based approach to lot control. The public holding company manages Smith Douglas Holdings LLC, the operating business that conducts homebuilding operations.
Builds value-oriented new homes for entry-level and empty-nest buyers across the Southeastern and Southern United States. A land-light, option-based approach to lot control underpins the operating model.
Entered Texas by acquiring the assets of Houston-based Devon Street Homes, and later recorded expansions to Chattanooga, Gulf Shores, and Dallas–Fort Worth. The company links its disciplined operating philosophy and SMART Builder ERP system to the earlier work of founder Tom Bradbury and CEO Gregory S. Bennett at Colony Homes.
Founded in Atlanta in 2008, the operating business predates the Delaware public holding company formed in 2023 for the IPO. Smith Douglas Homes Corp. is the sole managing member of Smith Douglas Holdings LLC, which conducts the homebuilding operations.
Company facts
Key statistics
Year to date −26.5% · Average volume (30d) 46.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Target |
|---|---|---|---|---|---|
| Mar 12, 2026 | Wells Fargo | Reiterate | Equal Weight | $14 | |
| Nov 25, 2024 | JP Morgan | Downgrade | Overweight | Neutral |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.11 | $0.03 | −73.2% | $258.1M | $273.0M | +5.8% | −9.65% |
| Apr 29, 2026Q1 FY26 | $0.05 | −$0.04 | −180.0% | $200.7M | $206.4M | +2.9% | +6.38% |
| Mar 11, 2026Q4 FY25 | $0.12 | −$0.08 | −166.7% | $251.1M | $260.4M | +3.7% | −4.12% |
| Nov 5, 2025Q3 FY25 | $0.26 | −$0.12 | −145.9% | $251.4M | $262.0M | +4.2% | −6.42% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $224.7M | $223.9M | $262.0M | $260.4M | $206.4M | $273.0M | |
| Gross profit | $53.5M | $51.9M | $55.0M | $51.7M | $40.5M | $47.9M | |
| Operating income | $20.5M | $17.2M | $18.9M | $15.7M | $4.5M | $6.0M | |
| Net income | $2.7M | $2.4M | $2.1M | $3.5M | $565.0K | $246.0K | |
| Diluted EPS | $0.30 | $0.26 | $0.24 | $0.39 | $0.06 | $0.03 | |
| Gross margin | 23.8% | 23.2% | 21.0% | 19.9% | 19.6% | 17.6% | |
| Operating margin | 9.1% | 7.7% | 7.2% | 6.0% | 2.2% | 2.2% |
Fiscal years (4-quarter sums)FY22 $762.9M · FY23 $764.6M · FY24 $975.5M · FY25 $971.1M
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $14.2M · Total debt $68.7M · Total assets $592.1M · Shareholders' equity $79.5M
Dividends
No dividends on record.
Ownership
Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.
Shares outstanding 8.35M · Float 7.69M · 92.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Bradbury Family Trust II A, U/A/D December 29, 2015 | 38.19M | 81.20% | 13G | Nov 13, 2024 |
| GSB Holdings LLC | 4.24M | 32.40% | 13G | Nov 13, 2024 |
| Conifer Management, L.L.C. | 1.43M | 17.17% | 13F | May 15, 2026 |
| Kayne Anderson Rudnick Investment Management LLC | 1.34M | 14.80% | 13G | May 14, 2026 |
| Wellington Management Group LLP | 1.21M | 13.50% | 13G | Apr 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 25, 2026 | Russell Devendorf | officer: See Remarks | +1,000 | $12.34 |
| Aug 20, 2026 | Russell Devendorf | officer: See Remarks | +1,000 | $12.68 |
| May 20, 2026 | Russell Devendorf | officer: See Remarks | +2,000 | $10.88 |
| Mar 13, 2026 | George Ervin III Perdue | director | +20,300 | $12.27 |
| Mar 13, 2026 | Thomas L. Bradbury | director, 10 percent owner: | +22,618 | $11.36 |
Peers
- D.R. Horton
Entry-level homes across SDHC's Southeast and Texas footprint
- Meritage Homes
Entry-level and first move-up homes in the Southeast and Texas
- LGI Homes
First-time homebuilding in Houston and Southeastern markets
- PulteGroup
First-time, move-up, and active-adult homes in shared states
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Smith Douglas Homes | $12.34 | −0.40% | $103.0M | 17.2 | 43.6 | 0.1 | +21.9% |
| D.R. Horton | $147.39 | 0.00% | $41.23B | 14.1 | 13.1 | 1.2 | +0.0% |
| Meritage Homes | $71.02 | −0.14% | $4.74B | 14.9 | 12.9 | 0.9 | −14.3% |
| LGI Homes | $57.50 | +0.03% | $1.34B | 20.2 | 17.4 | 0.8 | +6.7% |
| PulteGroup | $128.55 | +0.02% | $24.81B | 13.2 | 12.0 | 1.5 | −9.6% |
| Median | 14.5 | 13.0 | 1.1 | −4.8% |