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Side-by-side financial comparison of Douglas Elliman Inc. (DOUG) and Smith Douglas Homes Corp. (SDHC). Click either name above to swap in a different company.

Smith Douglas Homes Corp. is the larger business by last-quarter revenue ($260.4M vs $245.4M, roughly 1.1× Douglas Elliman Inc.). Douglas Elliman Inc. runs the higher net margin — 27.9% vs 1.4%, a 26.6% gap on every dollar of revenue. On growth, Douglas Elliman Inc. posted the faster year-over-year revenue change (0.9% vs -9.4%). Smith Douglas Homes Corp. produced more free cash flow last quarter ($8.7M vs $-14.7M). Over the past eight quarters, Smith Douglas Homes Corp.'s revenue compounded faster (17.3% CAGR vs 10.7%).

Douglas Elliman Inc. is a leading U.S.-based residential real estate brokerage firm. It offers luxury property sales, rentals, property management, and advisory solutions, serving high-net-worth clients across key metro markets including New York, California, Florida, and Texas.

Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.

DOUG vs SDHC — Head-to-Head

Bigger by revenue
SDHC
SDHC
1.1× larger
SDHC
$260.4M
$245.4M
DOUG
Growing faster (revenue YoY)
DOUG
DOUG
+10.3% gap
DOUG
0.9%
-9.4%
SDHC
Higher net margin
DOUG
DOUG
26.6% more per $
DOUG
27.9%
1.4%
SDHC
More free cash flow
SDHC
SDHC
$23.4M more FCF
SDHC
$8.7M
$-14.7M
DOUG
Faster 2-yr revenue CAGR
SDHC
SDHC
Annualised
SDHC
17.3%
10.7%
DOUG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DOUG
DOUG
SDHC
SDHC
Revenue
$245.4M
$260.4M
Net Profit
$68.6M
$3.5M
Gross Margin
19.9%
Operating Margin
27.3%
6.5%
Net Margin
27.9%
1.4%
Revenue YoY
0.9%
-9.4%
Net Profit YoY
1243.4%
-14.3%
EPS (diluted)
$0.80
$0.39

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
DOUG
DOUG
SDHC
SDHC
Q4 25
$245.4M
$260.4M
Q3 25
$262.8M
$262.0M
Q2 25
$271.4M
$223.9M
Q1 25
$253.4M
$224.7M
Q4 24
$243.3M
$287.5M
Q3 24
$266.3M
$277.8M
Q2 24
$285.8M
$220.9M
Q1 24
$200.2M
$189.2M
Net Profit
DOUG
DOUG
SDHC
SDHC
Q4 25
$68.6M
$3.5M
Q3 25
$-24.7M
$2.1M
Q2 25
$-22.7M
$2.4M
Q1 25
$-6.0M
$2.7M
Q4 24
$-6.0M
$4.1M
Q3 24
$-27.2M
$5.3M
Q2 24
$-1.7M
$3.6M
Q1 24
$-41.5M
$3.0M
Gross Margin
DOUG
DOUG
SDHC
SDHC
Q4 25
19.9%
Q3 25
21.0%
Q2 25
23.2%
Q1 25
23.8%
Q4 24
25.5%
Q3 24
26.5%
Q2 24
26.7%
Q1 24
26.1%
Operating Margin
DOUG
DOUG
SDHC
SDHC
Q4 25
27.3%
6.5%
Q3 25
-4.1%
6.6%
Q2 25
-2.0%
7.7%
Q1 25
-2.1%
8.7%
Q4 24
-6.7%
10.4%
Q3 24
-2.8%
14.2%
Q2 24
-1.3%
11.7%
Q1 24
-20.7%
11.3%
Net Margin
DOUG
DOUG
SDHC
SDHC
Q4 25
27.9%
1.4%
Q3 25
-9.4%
0.8%
Q2 25
-8.4%
1.1%
Q1 25
-2.4%
1.2%
Q4 24
-2.5%
1.4%
Q3 24
-10.2%
1.9%
Q2 24
-0.6%
1.7%
Q1 24
-20.7%
1.6%
EPS (diluted)
DOUG
DOUG
SDHC
SDHC
Q4 25
$0.80
$0.39
Q3 25
$-0.29
$0.24
Q2 25
$-0.27
$0.26
Q1 25
$-0.07
$0.30
Q4 24
$-0.06
$0.50
Q3 24
$-0.33
$0.58
Q2 24
$-0.02
$0.40
Q1 24
$-0.50
$0.33

Balance Sheet & Financial Strength

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

Metric
DOUG
DOUG
SDHC
SDHC
Cash + ST InvestmentsLiquidity on hand
$115.5M
$12.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$183.9M
$86.7M
Total Assets
$444.4M
$557.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOUG
DOUG
SDHC
SDHC
Q4 25
$115.5M
$12.7M
Q3 25
$143.0M
$14.8M
Q2 25
$136.3M
$16.8M
Q1 25
$136.8M
$12.7M
Q4 24
$145.5M
$22.4M
Q3 24
$151.4M
$23.7M
Q2 24
$92.9M
$17.3M
Q1 24
$91.5M
$32.8M
Stockholders' Equity
DOUG
DOUG
SDHC
SDHC
Q4 25
$183.9M
$86.7M
Q3 25
$115.1M
$82.2M
Q2 25
$137.6M
$80.0M
Q1 25
$158.2M
$76.9M
Q4 24
$162.2M
$73.6M
Q3 24
$173.6M
$68.4M
Q2 24
$196.9M
$62.1M
Q1 24
$195.1M
$59.7M
Total Assets
DOUG
DOUG
SDHC
SDHC
Q4 25
$444.4M
$557.6M
Q3 25
$480.6M
$571.6M
Q2 25
$489.0M
$570.2M
Q1 25
$493.9M
$513.9M
Q4 24
$493.9M
$475.9M
Q3 24
$502.7M
$460.1M
Q2 24
$463.9M
$429.3M
Q1 24
$461.1M
$401.3M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DOUG
DOUG
SDHC
SDHC
Operating Cash FlowLast quarter
$-14.4M
$9.8M
Free Cash FlowOCF − Capex
$-14.7M
$8.7M
FCF MarginFCF / Revenue
-6.0%
3.4%
Capex IntensityCapex / Revenue
0.1%
0.4%
Cash ConversionOCF / Net Profit
-0.21×
2.77×
TTM Free Cash FlowTrailing 4 quarters
$-17.2M
$-36.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOUG
DOUG
SDHC
SDHC
Q4 25
$-14.4M
$9.8M
Q3 25
$5.5M
$22.8M
Q2 25
$642.0K
$-28.9M
Q1 25
$-5.6M
$-34.9M
Q4 24
$-9.0M
$5.5M
Q3 24
$9.0M
$22.9M
Q2 24
$1.3M
$39.0K
Q1 24
$-27.3M
$-9.3M
Free Cash Flow
DOUG
DOUG
SDHC
SDHC
Q4 25
$-14.7M
$8.7M
Q3 25
$4.7M
$21.4M
Q2 25
$-575.0K
$-31.1M
Q1 25
$-6.7M
$-35.9M
Q4 24
$-10.2M
$4.8M
Q3 24
$7.7M
$22.3M
Q2 24
$432.0K
$-2.1M
Q1 24
$-29.4M
$-9.7M
FCF Margin
DOUG
DOUG
SDHC
SDHC
Q4 25
-6.0%
3.4%
Q3 25
1.8%
8.2%
Q2 25
-0.2%
-13.9%
Q1 25
-2.6%
-16.0%
Q4 24
-4.2%
1.7%
Q3 24
2.9%
8.0%
Q2 24
0.2%
-1.0%
Q1 24
-14.7%
-5.1%
Capex Intensity
DOUG
DOUG
SDHC
SDHC
Q4 25
0.1%
0.4%
Q3 25
0.3%
0.5%
Q2 25
0.4%
0.9%
Q1 25
0.4%
0.5%
Q4 24
0.5%
0.2%
Q3 24
0.5%
0.2%
Q2 24
0.3%
1.0%
Q1 24
1.0%
0.2%
Cash Conversion
DOUG
DOUG
SDHC
SDHC
Q4 25
-0.21×
2.77×
Q3 25
10.70×
Q2 25
-12.24×
Q1 25
-13.01×
Q4 24
1.33×
Q3 24
4.28×
Q2 24
0.01×
Q1 24
-3.12×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DOUG
DOUG

Commissions And Other Brokerage Income$240.3M98%
Property Management Income$2.8M1%
Property Management$2.2M1%

SDHC
SDHC

Southeast$164.7M63%
Central$95.8M37%

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