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Side-by-side financial comparison of BEYOND MEAT, INC. (BYND) and Smart Sand, Inc. (SND). Click either name above to swap in a different company.
Smart Sand, Inc. is the larger business by last-quarter revenue ($86.0M vs $61.6M, roughly 1.4× BEYOND MEAT, INC.). On growth, Smart Sand, Inc. posted the faster year-over-year revenue change (-5.8% vs -19.7%). Smart Sand, Inc. produced more free cash flow last quarter ($20.4M vs $-49.8M). Over the past eight quarters, Smart Sand, Inc.'s revenue compounded faster (1.8% CAGR vs -9.7%).
Beyond Meat, Inc., branded as Beyond, is a producer of plant-based meat alternatives founded in 2009 by Ethan Brown. The company's products were first launched in the United States in 2012.
Sand 9 is a fabless Micro-electromechanical system (MEMS) company based in Cambridge, Massachusetts. Sand 9 developed a piezoelectric MEMS resonator to serve as an alternative for quartz timing devices in applications such as smart phones, low-power wireless devices, and communications infrastructure equipment.
BYND vs SND — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.6M | $86.0M |
| Net Profit | — | $1.2M |
| Gross Margin | -11.5% | 13.0% |
| Operating Margin | -211.4% | -3.1% |
| Net Margin | — | 1.4% |
| Revenue YoY | -19.7% | -5.8% |
| Net Profit YoY | — | -68.5% |
| EPS (diluted) | $0.68 | $0.03 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $61.6M | $86.0M | ||
| Q3 25 | $70.2M | $92.8M | ||
| Q2 25 | $75.0M | $85.8M | ||
| Q1 25 | $68.7M | $65.6M | ||
| Q4 24 | $76.7M | $91.4M | ||
| Q3 24 | $81.0M | $63.2M | ||
| Q2 24 | $93.2M | $73.8M | ||
| Q1 24 | $75.6M | $83.1M |
| Q4 25 | — | $1.2M | ||
| Q3 25 | $-110.7M | $3.0M | ||
| Q2 25 | $-29.2M | $21.4M | ||
| Q1 25 | $-52.9M | $-24.2M | ||
| Q4 24 | — | $3.7M | ||
| Q3 24 | $-26.6M | $-98.0K | ||
| Q2 24 | $-34.5M | $-430.0K | ||
| Q1 24 | $-54.4M | $-216.0K |
| Q4 25 | -11.5% | 13.0% | ||
| Q3 25 | 10.3% | 16.1% | ||
| Q2 25 | 11.5% | 10.4% | ||
| Q1 25 | -1.5% | 4.2% | ||
| Q4 24 | 13.1% | 14.7% | ||
| Q3 24 | 17.7% | 10.3% | ||
| Q2 24 | 14.7% | 17.7% | ||
| Q1 24 | 4.9% | 14.2% |
| Q4 25 | -211.4% | -3.1% | ||
| Q3 25 | -160.0% | 5.8% | ||
| Q2 25 | -46.6% | -0.1% | ||
| Q1 25 | -81.8% | -10.8% | ||
| Q4 24 | -49.3% | 3.9% | ||
| Q3 24 | -38.2% | -7.8% | ||
| Q2 24 | -36.4% | 4.8% | ||
| Q1 24 | -70.7% | 0.9% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | -157.6% | 3.2% | ||
| Q2 25 | -39.0% | 24.9% | ||
| Q1 25 | -77.0% | -37.0% | ||
| Q4 24 | — | 4.1% | ||
| Q3 24 | -32.8% | -0.2% | ||
| Q2 24 | -37.0% | -0.6% | ||
| Q1 24 | -71.9% | -0.3% |
| Q4 25 | $0.68 | $0.03 | ||
| Q3 25 | $-1.44 | $0.08 | ||
| Q2 25 | $-0.38 | $0.54 | ||
| Q1 25 | $-0.69 | $-0.62 | ||
| Q4 24 | $-0.65 | $0.10 | ||
| Q3 24 | $-0.41 | $0.00 | ||
| Q2 24 | $-0.53 | $-0.01 | ||
| Q1 24 | $-0.84 | $-0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $203.9M | $22.6M |
| Total DebtLower is stronger | $415.7M | $15.0M |
| Stockholders' EquityBook value | $-997.0K | $239.7M |
| Total Assets | $614.7M | $340.0M |
| Debt / EquityLower = less leverage | — | 0.06× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $203.9M | $22.6M | ||
| Q3 25 | $117.3M | $5.1M | ||
| Q2 25 | $103.5M | $4.3M | ||
| Q1 25 | $102.1M | $5.1M | ||
| Q4 24 | $131.9M | $1.6M | ||
| Q3 24 | $121.7M | $7.2M | ||
| Q2 24 | $144.9M | $6.3M | ||
| Q1 24 | $157.9M | $4.6M |
| Q4 25 | $415.7M | $15.0M | ||
| Q3 25 | $1.2B | $14.3M | ||
| Q2 25 | $1.2B | $23.5M | ||
| Q1 25 | $1.1B | $13.7M | ||
| Q4 24 | $1.1B | $14.7M | ||
| Q3 24 | $1.1B | $15.7M | ||
| Q2 24 | $1.1B | $17.1M | ||
| Q1 24 | $1.1B | $25.5M |
| Q4 25 | $-997.0K | $239.7M | ||
| Q3 25 | $-784.1M | $239.9M | ||
| Q2 25 | $-677.0M | $240.5M | ||
| Q1 25 | $-649.5M | $219.9M | ||
| Q4 24 | $-601.2M | $243.8M | ||
| Q3 24 | $-611.9M | $243.6M | ||
| Q2 24 | $-590.0M | $242.9M | ||
| Q1 24 | $-561.4M | $242.5M |
| Q4 25 | $614.7M | $340.0M | ||
| Q3 25 | $599.7M | $343.1M | ||
| Q2 25 | $691.7M | $345.8M | ||
| Q1 25 | $643.8M | $326.9M | ||
| Q4 24 | $678.1M | $341.5M | ||
| Q3 24 | $692.9M | $335.8M | ||
| Q2 24 | $711.2M | $341.8M | ||
| Q1 24 | $735.0M | $349.3M |
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.06× | ||
| Q2 25 | — | 0.10× | ||
| Q1 25 | — | 0.06× | ||
| Q4 24 | — | 0.06× | ||
| Q3 24 | — | 0.06× | ||
| Q2 24 | — | 0.07× | ||
| Q1 24 | — | 0.11× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-46.8M | $22.4M |
| Free Cash FlowOCF − Capex | $-49.8M | $20.4M |
| FCF MarginFCF / Revenue | -80.8% | 23.7% |
| Capex IntensityCapex / Revenue | 4.8% | 2.3% |
| Cash ConversionOCF / Net Profit | — | 18.99× |
| TTM Free Cash FlowTrailing 4 quarters | $-157.2M | $32.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-46.8M | $22.4M | ||
| Q3 25 | $-38.8M | $18.2M | ||
| Q2 25 | $-33.2M | $-5.1M | ||
| Q1 25 | $-26.1M | $8.7M | ||
| Q4 24 | $-29.0M | $1.0M | ||
| Q3 24 | $-22.0M | $5.8M | ||
| Q2 24 | $-16.0M | $14.9M | ||
| Q1 24 | $-31.8M | $-3.9M |
| Q4 25 | $-49.8M | $20.4M | ||
| Q3 25 | $-41.7M | $14.8M | ||
| Q2 25 | $-35.1M | $-7.8M | ||
| Q1 25 | $-30.6M | $5.2M | ||
| Q4 24 | $-35.4M | $-840.0K | ||
| Q3 24 | $-24.1M | $3.7M | ||
| Q2 24 | $-17.3M | $13.5M | ||
| Q1 24 | $-33.0M | $-5.5M |
| Q4 25 | -80.8% | 23.7% | ||
| Q3 25 | -59.4% | 15.9% | ||
| Q2 25 | -46.9% | -9.1% | ||
| Q1 25 | -44.6% | 7.9% | ||
| Q4 24 | -46.2% | -0.9% | ||
| Q3 24 | -29.7% | 5.8% | ||
| Q2 24 | -18.6% | 18.3% | ||
| Q1 24 | -43.7% | -6.6% |
| Q4 25 | 4.8% | 2.3% | ||
| Q3 25 | 4.1% | 3.6% | ||
| Q2 25 | 2.6% | 3.1% | ||
| Q1 25 | 6.5% | 5.4% | ||
| Q4 24 | 8.4% | 2.1% | ||
| Q3 24 | 2.5% | 3.4% | ||
| Q2 24 | 1.4% | 1.8% | ||
| Q1 24 | 1.6% | 2.0% |
| Q4 25 | — | 18.99× | ||
| Q3 25 | — | 6.05× | ||
| Q2 25 | — | -0.24× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.28× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BYND
Segment breakdown not available.
SND
| Sand | $85.1M | 99% |
| Smart Systems Segment | $980.0K | 1% |
