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Side-by-side financial comparison of KINGSTONE COMPANIES, INC. (KINS) 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 $56.4M, roughly 1.5× KINGSTONE COMPANIES, INC.). KINGSTONE COMPANIES, INC. runs the higher net margin — 26.2% vs 1.4%, a 24.8% gap on every dollar of revenue. On growth, KINGSTONE COMPANIES, INC. posted the faster year-over-year revenue change (34.0% vs -5.8%). KINGSTONE COMPANIES, INC. produced more free cash flow last quarter ($73.1M vs $20.4M). Over the past eight quarters, KINGSTONE COMPANIES, INC.'s revenue compounded faster (25.6% CAGR vs 1.8%).
Kingstone Companies, Inc., headquartered in Kingston, New York, provides property and casualty insurance products through its subsidiary, Kingstone Insurance Company. It places contracts with the third-party licensed premium finance company through its subsidiary Payments, Inc., a NYS licensed Insurance Premium Finance Company. Kingstone Insurance Company was ranked #1 of the 81 insurers rated by the Professional Insurance Agents Association in its 2010 Company Performance Survey. The company...
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.
KINS vs SND — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $56.4M | $86.0M |
| Net Profit | $14.8M | $1.2M |
| Gross Margin | — | 13.0% |
| Operating Margin | 32.7% | -3.1% |
| Net Margin | 26.2% | 1.4% |
| Revenue YoY | 34.0% | -5.8% |
| Net Profit YoY | 171.4% | -68.5% |
| EPS (diluted) | $1.09 | $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 | $56.4M | $86.0M | ||
| Q3 25 | $55.7M | $92.8M | ||
| Q2 25 | $52.3M | $85.8M | ||
| Q1 25 | $50.5M | $65.6M | ||
| Q4 24 | $42.1M | $91.4M | ||
| Q3 24 | $40.8M | $63.2M | ||
| Q2 24 | $36.5M | $73.8M | ||
| Q1 24 | $35.8M | $83.1M |
| Q4 25 | $14.8M | $1.2M | ||
| Q3 25 | $10.9M | $3.0M | ||
| Q2 25 | $11.3M | $21.4M | ||
| Q1 25 | $3.9M | $-24.2M | ||
| Q4 24 | $5.4M | $3.7M | ||
| Q3 24 | $7.0M | $-98.0K | ||
| Q2 24 | $4.5M | $-430.0K | ||
| Q1 24 | $1.4M | $-216.0K |
| 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% |
| Q4 25 | 32.7% | -3.1% | ||
| Q3 25 | 24.6% | 5.8% | ||
| Q2 25 | 27.1% | -0.1% | ||
| Q1 25 | 9.3% | -10.8% | ||
| Q4 24 | 15.9% | 3.9% | ||
| Q3 24 | 22.3% | -7.8% | ||
| Q2 24 | 15.7% | 4.8% | ||
| Q1 24 | 5.0% | 0.9% |
| Q4 25 | 26.2% | 1.4% | ||
| Q3 25 | 19.5% | 3.2% | ||
| Q2 25 | 21.5% | 24.9% | ||
| Q1 25 | 7.7% | -37.0% | ||
| Q4 24 | 12.9% | 4.1% | ||
| Q3 24 | 17.1% | -0.2% | ||
| Q2 24 | 12.4% | -0.6% | ||
| Q1 24 | 4.0% | -0.3% |
| Q4 25 | $1.09 | $0.03 | ||
| Q3 25 | $0.74 | $0.08 | ||
| Q2 25 | $0.78 | $0.54 | ||
| Q1 25 | $0.27 | $-0.62 | ||
| Q4 24 | $0.44 | $0.10 | ||
| Q3 24 | $0.55 | $0.00 | ||
| Q2 24 | $0.37 | $-0.01 | ||
| Q1 24 | $0.12 | $-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 | $4.4M | $15.0M |
| Stockholders' EquityBook value | $122.7M | $239.7M |
| Total Assets | $453.4M | $340.0M |
| Debt / EquityLower = less leverage | 0.04× | 0.06× |
8-quarter trend — quarters aligned by calendar period.
| 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 24 | — | $4.6M |
| Q4 25 | $4.4M | $15.0M | ||
| Q3 25 | $4.8M | $14.3M | ||
| Q2 25 | $5.1M | $23.5M | ||
| Q1 25 | $5.4M | $13.7M | ||
| Q4 24 | $11.2M | $14.7M | ||
| Q3 24 | $17.3M | $15.7M | ||
| Q2 24 | $25.3M | $17.1M | ||
| Q1 24 | $25.3M | $25.5M |
| Q4 25 | $122.7M | $239.7M | ||
| Q3 25 | $107.7M | $239.9M | ||
| Q2 25 | $94.9M | $240.5M | ||
| Q1 25 | $82.2M | $219.9M | ||
| Q4 24 | $66.7M | $243.8M | ||
| Q3 24 | $59.7M | $243.6M | ||
| Q2 24 | $40.8M | $242.9M | ||
| Q1 24 | $35.7M | $242.5M |
| Q4 25 | $453.4M | $340.0M | ||
| Q3 25 | $428.6M | $343.1M | ||
| Q2 25 | $393.4M | $345.8M | ||
| Q1 25 | $385.4M | $326.9M | ||
| Q4 24 | $374.9M | $341.5M | ||
| Q3 24 | $347.0M | $335.8M | ||
| Q2 24 | $319.8M | $341.8M | ||
| Q1 24 | $318.3M | $349.3M |
| Q4 25 | 0.04× | 0.06× | ||
| Q3 25 | 0.04× | 0.06× | ||
| Q2 25 | 0.05× | 0.10× | ||
| Q1 25 | 0.07× | 0.06× | ||
| Q4 24 | 0.17× | 0.06× | ||
| Q3 24 | 0.29× | 0.06× | ||
| Q2 24 | 0.62× | 0.07× | ||
| Q1 24 | 0.71× | 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 | $75.9M | $22.4M |
| Free Cash FlowOCF − Capex | $73.1M | $20.4M |
| FCF MarginFCF / Revenue | 129.5% | 23.7% |
| Capex IntensityCapex / Revenue | 5.0% | 2.3% |
| Cash ConversionOCF / Net Profit | 5.14× | 18.99× |
| TTM Free Cash FlowTrailing 4 quarters | $124.0M | $32.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.9M | $22.4M | ||
| Q3 25 | $25.9M | $18.2M | ||
| Q2 25 | $9.3M | $-5.1M | ||
| Q1 25 | $17.9M | $8.7M | ||
| Q4 24 | $57.9M | $1.0M | ||
| Q3 24 | $21.7M | $5.8M | ||
| Q2 24 | $7.1M | $14.9M | ||
| Q1 24 | $6.1M | $-3.9M |
| Q4 25 | $73.1M | $20.4M | ||
| Q3 25 | $25.3M | $14.8M | ||
| Q2 25 | $8.7M | $-7.8M | ||
| Q1 25 | $17.0M | $5.2M | ||
| Q4 24 | $55.6M | $-840.0K | ||
| Q3 24 | $21.0M | $3.7M | ||
| Q2 24 | $6.6M | $13.5M | ||
| Q1 24 | $5.6M | $-5.5M |
| Q4 25 | 129.5% | 23.7% | ||
| Q3 25 | 45.4% | 15.9% | ||
| Q2 25 | 16.6% | -9.1% | ||
| Q1 25 | 33.7% | 7.9% | ||
| Q4 24 | 132.1% | -0.9% | ||
| Q3 24 | 51.6% | 5.8% | ||
| Q2 24 | 18.1% | 18.3% | ||
| Q1 24 | 15.5% | -6.6% |
| Q4 25 | 5.0% | 2.3% | ||
| Q3 25 | 1.2% | 3.6% | ||
| Q2 25 | 1.1% | 3.1% | ||
| Q1 25 | 1.7% | 5.4% | ||
| Q4 24 | 5.6% | 2.1% | ||
| Q3 24 | 1.7% | 3.4% | ||
| Q2 24 | 1.4% | 1.8% | ||
| Q1 24 | 1.5% | 2.0% |
| Q4 25 | 5.14× | 18.99× | ||
| Q3 25 | 2.38× | 6.05× | ||
| Q2 25 | 0.82× | -0.24× | ||
| Q1 25 | 4.60× | — | ||
| Q4 24 | 10.65× | 0.28× | ||
| Q3 24 | 3.12× | — | ||
| Q2 24 | 1.58× | — | ||
| Q1 24 | 4.27× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KINS
Segment breakdown not available.
SND
| Sand | $85.1M | 99% |
| Smart Systems Segment | $980.0K | 1% |
