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Side-by-side financial comparison of FIRSTSUN CAPITAL BANCORP (FSUN) and Smart Sand, Inc. (SND). Click either name above to swap in a different company.

FIRSTSUN CAPITAL BANCORP is the larger business by last-quarter revenue ($110.0M vs $86.0M, roughly 1.3× Smart Sand, Inc.). FIRSTSUN CAPITAL BANCORP runs the higher net margin — 19.6% vs 1.4%, a 18.3% gap on every dollar of revenue. Over the past eight quarters, FIRSTSUN CAPITAL BANCORP's revenue compounded faster (6.9% CAGR vs 1.8%).

FirstSun Capital Bancorp is a U.S.-headquartered financial holding company that offers a comprehensive range of banking and financial services, including commercial and consumer lending, deposit products, wealth management, and treasury solutions. It mainly serves individual customers, small and medium-sized enterprises, and corporate clients across U.S. regional markets.

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.

FSUN vs SND — Head-to-Head

Bigger by revenue
FSUN
FSUN
1.3× larger
FSUN
$110.0M
$86.0M
SND
Higher net margin
FSUN
FSUN
18.3% more per $
FSUN
19.6%
1.4%
SND
Faster 2-yr revenue CAGR
FSUN
FSUN
Annualised
FSUN
6.9%
1.8%
SND

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FSUN
FSUN
SND
SND
Revenue
$110.0M
$86.0M
Net Profit
$21.6M
$1.2M
Gross Margin
13.0%
Operating Margin
-3.1%
Net Margin
19.6%
1.4%
Revenue YoY
-5.8%
Net Profit YoY
-8.4%
-68.5%
EPS (diluted)
$0.76
$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
FSUN
FSUN
SND
SND
Q1 26
$110.0M
Q4 25
$110.2M
$86.0M
Q3 25
$107.3M
$92.8M
Q2 25
$105.6M
$85.8M
Q1 25
$96.2M
$65.6M
Q4 24
$98.7M
$91.4M
Q3 24
$98.2M
$63.2M
Q2 24
$96.2M
$73.8M
Net Profit
FSUN
FSUN
SND
SND
Q1 26
$21.6M
Q4 25
$24.8M
$1.2M
Q3 25
$23.2M
$3.0M
Q2 25
$26.4M
$21.4M
Q1 25
$23.6M
$-24.2M
Q4 24
$16.4M
$3.7M
Q3 24
$22.4M
$-98.0K
Q2 24
$24.6M
$-430.0K
Gross Margin
FSUN
FSUN
SND
SND
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%
Operating Margin
FSUN
FSUN
SND
SND
Q1 26
Q4 25
29.0%
-3.1%
Q3 25
26.4%
5.8%
Q2 25
31.2%
-0.1%
Q1 25
30.9%
-10.8%
Q4 24
20.4%
3.9%
Q3 24
29.1%
-7.8%
Q2 24
32.3%
4.8%
Net Margin
FSUN
FSUN
SND
SND
Q1 26
19.6%
Q4 25
22.5%
1.4%
Q3 25
21.6%
3.2%
Q2 25
25.0%
24.9%
Q1 25
24.5%
-37.0%
Q4 24
16.6%
4.1%
Q3 24
22.8%
-0.2%
Q2 24
25.5%
-0.6%
EPS (diluted)
FSUN
FSUN
SND
SND
Q1 26
$0.76
Q4 25
$0.89
$0.03
Q3 25
$0.82
$0.08
Q2 25
$0.93
$0.54
Q1 25
$0.83
$-0.62
Q4 24
$0.57
$0.10
Q3 24
$0.79
$0.00
Q2 24
$0.88
$-0.01

Balance Sheet & Financial Strength

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

Metric
FSUN
FSUN
SND
SND
Cash + ST InvestmentsLiquidity on hand
$413.7M
$22.6M
Total DebtLower is stronger
$15.0M
Stockholders' EquityBook value
$1.2B
$239.7M
Total Assets
$8.6B
$340.0M
Debt / EquityLower = less leverage
0.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSUN
FSUN
SND
SND
Q1 26
$413.7M
Q4 25
$652.6M
$22.6M
Q3 25
$659.9M
$5.1M
Q2 25
$785.1M
$4.3M
Q1 25
$621.4M
$5.1M
Q4 24
$615.9M
$1.6M
Q3 24
$573.7M
$7.2M
Q2 24
$535.8M
$6.3M
Total Debt
FSUN
FSUN
SND
SND
Q1 26
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
Stockholders' Equity
FSUN
FSUN
SND
SND
Q1 26
$1.2B
Q4 25
$1.2B
$239.7M
Q3 25
$1.1B
$239.9M
Q2 25
$1.1B
$240.5M
Q1 25
$1.1B
$219.9M
Q4 24
$1.0B
$243.8M
Q3 24
$1.0B
$243.6M
Q2 24
$996.6M
$242.9M
Total Assets
FSUN
FSUN
SND
SND
Q1 26
$8.6B
Q4 25
$8.5B
$340.0M
Q3 25
$8.5B
$343.1M
Q2 25
$8.4B
$345.8M
Q1 25
$8.2B
$326.9M
Q4 24
$8.1B
$341.5M
Q3 24
$8.1B
$335.8M
Q2 24
$8.0B
$341.8M
Debt / Equity
FSUN
FSUN
SND
SND
Q1 26
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
FSUN
FSUN
SND
SND
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.

Operating Cash Flow
FSUN
FSUN
SND
SND
Q1 26
Q4 25
$111.5M
$22.4M
Q3 25
$49.4M
$18.2M
Q2 25
$15.0M
$-5.1M
Q1 25
$26.4M
$8.7M
Q4 24
$101.1M
$1.0M
Q3 24
$48.1M
$5.8M
Q2 24
$20.9M
$14.9M
Free Cash Flow
FSUN
FSUN
SND
SND
Q1 26
Q4 25
$104.0M
$20.4M
Q3 25
$47.6M
$14.8M
Q2 25
$13.0M
$-7.8M
Q1 25
$24.3M
$5.2M
Q4 24
$95.7M
$-840.0K
Q3 24
$47.1M
$3.7M
Q2 24
$19.9M
$13.5M
FCF Margin
FSUN
FSUN
SND
SND
Q1 26
Q4 25
94.3%
23.7%
Q3 25
44.4%
15.9%
Q2 25
12.3%
-9.1%
Q1 25
25.3%
7.9%
Q4 24
97.0%
-0.9%
Q3 24
47.9%
5.8%
Q2 24
20.6%
18.3%
Capex Intensity
FSUN
FSUN
SND
SND
Q1 26
Q4 25
6.8%
2.3%
Q3 25
1.6%
3.6%
Q2 25
1.9%
3.1%
Q1 25
2.1%
5.4%
Q4 24
5.5%
2.1%
Q3 24
1.1%
3.4%
Q2 24
1.1%
1.8%
Cash Conversion
FSUN
FSUN
SND
SND
Q1 26
Q4 25
4.49×
18.99×
Q3 25
2.13×
6.05×
Q2 25
0.57×
-0.24×
Q1 25
1.12×
Q4 24
6.18×
0.28×
Q3 24
2.15×
Q2 24
0.85×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FSUN
FSUN

Net Interest Income$82.8M75%
Noninterest Income$27.2M25%

SND
SND

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

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