vs
Side-by-side financial comparison of CAMDEN NATIONAL CORP (CAC) 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 $64.3M, roughly 1.3× CAMDEN NATIONAL CORP). CAMDEN NATIONAL CORP runs the higher net margin — 34.0% vs 1.4%, a 32.6% gap on every dollar of revenue. Over the past eight quarters, CAMDEN NATIONAL CORP's revenue compounded faster (22.6% CAGR vs 1.8%).
Camden National Bank is a commercial bank headquartered in Camden, Maine, operating as the principal subsidiary of Camden National Corporation, a publicly traded bank holding company. Founded in 1875, the bank became a direct, wholly owned subsidiary of the holding company following a corporate reorganization in 1984. Following the 2025 merger with Northway Financial, the combined institution has approximately $7.0 billion in assets.
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.
CAC vs SND — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $64.3M | $86.0M |
| Net Profit | $21.9M | $1.2M |
| Gross Margin | — | 13.0% |
| Operating Margin | — | -3.1% |
| Net Margin | 34.0% | 1.4% |
| Revenue YoY | — | -5.8% |
| Net Profit YoY | — | -68.5% |
| EPS (diluted) | $1.29 | $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.
| Q1 26 | $64.3M | — | ||
| Q4 25 | $68.1M | $86.0M | ||
| Q3 25 | $65.4M | $92.8M | ||
| Q2 25 | $62.3M | $85.8M | ||
| Q1 25 | $60.1M | $65.6M | ||
| Q4 24 | $47.6M | $91.4M | ||
| Q3 24 | $45.0M | $63.2M | ||
| Q2 24 | $42.8M | $73.8M |
| Q1 26 | $21.9M | — | ||
| Q4 25 | $22.6M | $1.2M | ||
| Q3 25 | $21.2M | $3.0M | ||
| Q2 25 | $14.1M | $21.4M | ||
| Q1 25 | $7.3M | $-24.2M | ||
| Q4 24 | $14.7M | $3.7M | ||
| Q3 24 | $13.1M | $-98.0K | ||
| Q2 24 | $12.0M | $-430.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | 13.0% | ||
| Q3 25 | — | 16.1% | ||
| Q2 25 | — | 10.4% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | — | 10.3% | ||
| Q2 24 | — | 17.7% |
| Q1 26 | — | — | ||
| Q4 25 | 41.5% | -3.1% | ||
| Q3 25 | 40.5% | 5.8% | ||
| Q2 25 | 28.5% | -0.1% | ||
| Q1 25 | 10.3% | -10.8% | ||
| Q4 24 | 38.7% | 3.9% | ||
| Q3 24 | 35.2% | -7.8% | ||
| Q2 24 | 34.7% | 4.8% |
| Q1 26 | 34.0% | — | ||
| Q4 25 | 33.1% | 1.4% | ||
| Q3 25 | 32.4% | 3.2% | ||
| Q2 25 | 22.6% | 24.9% | ||
| Q1 25 | 12.2% | -37.0% | ||
| Q4 24 | 30.8% | 4.1% | ||
| Q3 24 | 29.1% | -0.2% | ||
| Q2 24 | 28.0% | -0.6% |
| Q1 26 | $1.29 | — | ||
| Q4 25 | $1.33 | $0.03 | ||
| Q3 25 | $1.25 | $0.08 | ||
| Q2 25 | $0.83 | $0.54 | ||
| Q1 25 | $0.43 | $-0.62 | ||
| Q4 24 | $1.00 | $0.10 | ||
| Q3 24 | $0.90 | $0.00 | ||
| Q2 24 | $0.81 | $-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 | — | $22.6M |
| Total DebtLower is stronger | $514.4M | $15.0M |
| Stockholders' EquityBook value | $710.0M | $239.7M |
| Total Assets | $7.0B | $340.0M |
| Debt / EquityLower = less leverage | 0.72× | 0.06× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $22.6M | ||
| Q3 25 | — | $5.1M | ||
| Q2 25 | — | $4.3M | ||
| Q1 25 | — | $5.1M | ||
| Q4 24 | — | $1.6M | ||
| Q3 24 | — | $7.2M | ||
| Q2 24 | — | $6.3M |
| Q1 26 | $514.4M | — | ||
| Q4 25 | — | $15.0M | ||
| Q3 25 | — | $14.3M | ||
| Q2 25 | — | $23.5M | ||
| Q1 25 | — | $13.7M | ||
| Q4 24 | — | $14.7M | ||
| Q3 24 | — | $15.7M | ||
| Q2 24 | — | $17.1M |
| Q1 26 | $710.0M | — | ||
| Q4 25 | $696.6M | $239.7M | ||
| Q3 25 | $676.4M | $239.9M | ||
| Q2 25 | $652.1M | $240.5M | ||
| Q1 25 | $640.1M | $219.9M | ||
| Q4 24 | $531.2M | $243.8M | ||
| Q3 24 | $529.9M | $243.6M | ||
| Q2 24 | $508.3M | $242.9M |
| Q1 26 | $7.0B | — | ||
| Q4 25 | $7.0B | $340.0M | ||
| Q3 25 | $7.0B | $343.1M | ||
| Q2 25 | $6.9B | $345.8M | ||
| Q1 25 | $7.0B | $326.9M | ||
| Q4 24 | $5.8B | $341.5M | ||
| Q3 24 | $5.7B | $335.8M | ||
| Q2 24 | $5.7B | $341.8M |
| Q1 26 | 0.72× | — | ||
| 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× |
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 | — | $22.4M |
| Free Cash FlowOCF − Capex | — | $20.4M |
| FCF MarginFCF / Revenue | — | 23.7% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | — | 18.99× |
| TTM Free Cash FlowTrailing 4 quarters | — | $32.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $63.9M | $22.4M | ||
| Q3 25 | $36.1M | $18.2M | ||
| Q2 25 | $6.0M | $-5.1M | ||
| Q1 25 | $1.0M | $8.7M | ||
| Q4 24 | $60.9M | $1.0M | ||
| Q3 24 | $-14.5M | $5.8M | ||
| Q2 24 | $14.5M | $14.9M |
| Q1 26 | — | — | ||
| Q4 25 | $58.2M | $20.4M | ||
| Q3 25 | $35.4M | $14.8M | ||
| Q2 25 | $4.5M | $-7.8M | ||
| Q1 25 | $-727.0K | $5.2M | ||
| Q4 24 | $55.4M | $-840.0K | ||
| Q3 24 | $-16.2M | $3.7M | ||
| Q2 24 | $13.2M | $13.5M |
| Q1 26 | — | — | ||
| Q4 25 | 85.5% | 23.7% | ||
| Q3 25 | 54.1% | 15.9% | ||
| Q2 25 | 7.3% | -9.1% | ||
| Q1 25 | -1.2% | 7.9% | ||
| Q4 24 | 116.4% | -0.9% | ||
| Q3 24 | -36.0% | 5.8% | ||
| Q2 24 | 30.8% | 18.3% |
| Q1 26 | — | — | ||
| Q4 25 | 8.4% | 2.3% | ||
| Q3 25 | 1.1% | 3.6% | ||
| Q2 25 | 2.4% | 3.1% | ||
| Q1 25 | 2.9% | 5.4% | ||
| Q4 24 | 11.7% | 2.1% | ||
| Q3 24 | 3.8% | 3.4% | ||
| Q2 24 | 3.0% | 1.8% |
| Q1 26 | — | — | ||
| Q4 25 | 2.83× | 18.99× | ||
| Q3 25 | 1.70× | 6.05× | ||
| Q2 25 | 0.43× | -0.24× | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 4.15× | 0.28× | ||
| Q3 24 | -1.11× | — | ||
| Q2 24 | 1.21× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CAC
| Net Interest Income | $52.4M | 81% |
| Noninterest Income | $12.0M | 19% |
SND
| Sand | $85.1M | 99% |
| Smart Systems Segment | $980.0K | 1% |
