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Side-by-side financial comparison of CareTrust REIT, Inc. (CTRE) and Smart Sand, Inc. (SND). Click either name above to swap in a different company.

CareTrust REIT, Inc. is the larger business by last-quarter revenue ($134.9M vs $86.0M, roughly 1.6× Smart Sand, Inc.). CareTrust REIT, Inc. runs the higher net margin — 82.5% vs 1.4%, a 81.2% gap on every dollar of revenue. On growth, CareTrust REIT, Inc. posted the faster year-over-year revenue change (55.1% vs -5.8%). Over the past eight quarters, CareTrust REIT, Inc.'s revenue compounded faster (46.2% CAGR vs 1.8%).

Target Healthcare REIT is a British property investment company which invests in healthcare properties and holds a large portfolio of care homes. It is structured as a real estate investment trust (REIT) and is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

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.

CTRE vs SND — Head-to-Head

Bigger by revenue
CTRE
CTRE
1.6× larger
CTRE
$134.9M
$86.0M
SND
Growing faster (revenue YoY)
CTRE
CTRE
+60.9% gap
CTRE
55.1%
-5.8%
SND
Higher net margin
CTRE
CTRE
81.2% more per $
CTRE
82.5%
1.4%
SND
Faster 2-yr revenue CAGR
CTRE
CTRE
Annualised
CTRE
46.2%
1.8%
SND

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CTRE
CTRE
SND
SND
Revenue
$134.9M
$86.0M
Net Profit
$111.3M
$1.2M
Gross Margin
13.0%
Operating Margin
-3.1%
Net Margin
82.5%
1.4%
Revenue YoY
55.1%
-5.8%
Net Profit YoY
113.5%
-68.5%
EPS (diluted)
$0.52
$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.

Revenue
CTRE
CTRE
SND
SND
Q4 25
$134.9M
$86.0M
Q3 25
$132.4M
$92.8M
Q2 25
$112.5M
$85.8M
Q1 25
$96.6M
$65.6M
Q4 24
$86.9M
$91.4M
Q3 24
$77.4M
$63.2M
Q2 24
$68.9M
$73.8M
Q1 24
$63.1M
$83.1M
Net Profit
CTRE
CTRE
SND
SND
Q4 25
$111.3M
$1.2M
Q3 25
$74.9M
$3.0M
Q2 25
$68.5M
$21.4M
Q1 25
$65.8M
$-24.2M
Q4 24
$52.1M
$3.7M
Q3 24
$33.4M
$-98.0K
Q2 24
$10.8M
$-430.0K
Q1 24
$28.7M
$-216.0K
Gross Margin
CTRE
CTRE
SND
SND
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 24
14.2%
Operating Margin
CTRE
CTRE
SND
SND
Q4 25
-3.1%
Q3 25
58.1%
5.8%
Q2 25
61.3%
-0.1%
Q1 25
-10.8%
Q4 24
3.9%
Q3 24
43.0%
-7.8%
Q2 24
15.1%
4.8%
Q1 24
0.9%
Net Margin
CTRE
CTRE
SND
SND
Q4 25
82.5%
1.4%
Q3 25
56.6%
3.2%
Q2 25
60.9%
24.9%
Q1 25
68.1%
-37.0%
Q4 24
60.0%
4.1%
Q3 24
43.2%
-0.2%
Q2 24
15.6%
-0.6%
Q1 24
45.6%
-0.3%
EPS (diluted)
CTRE
CTRE
SND
SND
Q4 25
$0.52
$0.03
Q3 25
$0.35
$0.08
Q2 25
$0.35
$0.54
Q1 25
$0.35
$-0.62
Q4 24
$0.30
$0.10
Q3 24
$0.21
$0.00
Q2 24
$0.07
$-0.01
Q1 24
$0.22
$-0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CTRE
CTRE
SND
SND
Cash + ST InvestmentsLiquidity on hand
$198.0M
$22.6M
Total DebtLower is stronger
$894.2M
$15.0M
Stockholders' EquityBook value
$4.0B
$239.7M
Total Assets
$5.1B
$340.0M
Debt / EquityLower = less leverage
0.22×
0.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTRE
CTRE
SND
SND
Q4 25
$198.0M
$22.6M
Q3 25
$712.5M
$5.1M
Q2 25
$306.1M
$4.3M
Q1 25
$26.5M
$5.1M
Q4 24
$213.8M
$1.6M
Q3 24
$377.1M
$7.2M
Q2 24
$495.1M
$6.3M
Q1 24
$451.2M
$4.6M
Total Debt
CTRE
CTRE
SND
SND
Q4 25
$894.2M
$15.0M
Q3 25
$893.8M
$14.3M
Q2 25
$1.2B
$23.5M
Q1 25
$822.1M
$13.7M
Q4 24
$396.9M
$14.7M
Q3 24
$396.7M
$15.7M
Q2 24
$671.1M
$17.1M
Q1 24
$595.9M
$25.5M
Stockholders' Equity
CTRE
CTRE
SND
SND
Q4 25
$4.0B
$239.7M
Q3 25
$4.0B
$239.9M
Q2 25
$3.3B
$240.5M
Q1 25
$2.9B
$219.9M
Q4 24
$2.9B
$243.8M
Q3 24
$2.4B
$243.6M
Q2 24
$1.9B
$242.9M
Q1 24
$1.7B
$242.5M
Total Assets
CTRE
CTRE
SND
SND
Q4 25
$5.1B
$340.0M
Q3 25
$5.1B
$343.1M
Q2 25
$4.7B
$345.8M
Q1 25
$3.9B
$326.9M
Q4 24
$3.4B
$341.5M
Q3 24
$2.9B
$335.8M
Q2 24
$2.7B
$341.8M
Q1 24
$2.3B
$349.3M
Debt / Equity
CTRE
CTRE
SND
SND
Q4 25
0.22×
0.06×
Q3 25
0.22×
0.06×
Q2 25
0.35×
0.10×
Q1 25
0.28×
0.06×
Q4 24
0.14×
0.06×
Q3 24
0.16×
0.06×
Q2 24
0.35×
0.07×
Q1 24
0.36×
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
CTRE
CTRE
SND
SND
Operating Cash FlowLast quarter
$394.0M
$22.4M
Free Cash FlowOCF − Capex
$20.4M
FCF MarginFCF / Revenue
23.7%
Capex IntensityCapex / Revenue
2.3%
Cash ConversionOCF / Net Profit
3.54×
18.99×
TTM Free Cash FlowTrailing 4 quarters
$32.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTRE
CTRE
SND
SND
Q4 25
$394.0M
$22.4M
Q3 25
$100.9M
$18.2M
Q2 25
$100.8M
$-5.1M
Q1 25
$71.4M
$8.7M
Q4 24
$244.3M
$1.0M
Q3 24
$67.2M
$5.8M
Q2 24
$53.0M
$14.9M
Q1 24
$48.8M
$-3.9M
Free Cash Flow
CTRE
CTRE
SND
SND
Q4 25
$20.4M
Q3 25
$14.8M
Q2 25
$-7.8M
Q1 25
$5.2M
Q4 24
$-840.0K
Q3 24
$3.7M
Q2 24
$13.5M
Q1 24
$-5.5M
FCF Margin
CTRE
CTRE
SND
SND
Q4 25
23.7%
Q3 25
15.9%
Q2 25
-9.1%
Q1 25
7.9%
Q4 24
-0.9%
Q3 24
5.8%
Q2 24
18.3%
Q1 24
-6.6%
Capex Intensity
CTRE
CTRE
SND
SND
Q4 25
2.3%
Q3 25
3.6%
Q2 25
3.1%
Q1 25
5.4%
Q4 24
2.1%
Q3 24
3.4%
Q2 24
1.8%
Q1 24
2.0%
Cash Conversion
CTRE
CTRE
SND
SND
Q4 25
3.54×
18.99×
Q3 25
1.35×
6.05×
Q2 25
1.47×
-0.24×
Q1 25
1.08×
Q4 24
4.68×
0.28×
Q3 24
2.01×
Q2 24
4.92×
Q1 24
1.70×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CTRE
CTRE

Segment breakdown not available.

SND
SND

Sand$85.1M99%
Smart Systems Segment$980.0K1%

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