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Side-by-side financial comparison of New Gold Inc. (NGD) 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 $44.1M, roughly 1.9× New Gold Inc.).

JB Hi-Fi Limited is an Australian consumer electronics retail company. It is publicly listed on the Australian Securities Exchange. Its headquarters are located in Southbank, Melbourne, Victoria.

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.

NGD vs SND — Head-to-Head

Bigger by revenue
SND
SND
1.9× larger
SND
$86.0M
$44.1M
NGD

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
NGD
NGD
SND
SND
Revenue
$44.1M
$86.0M
Net Profit
$1.2M
Gross Margin
13.0%
Operating Margin
-3.1%
Net Margin
1.4%
Revenue YoY
-5.8%
Net Profit YoY
-68.5%
EPS (diluted)
$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
NGD
NGD
SND
SND
Q4 25
$86.0M
Q3 25
$44.1M
$92.8M
Q2 25
$85.8M
Q1 25
$65.6M
Q4 24
$91.4M
Q3 24
$63.2M
Q2 24
$73.8M
Q1 24
$83.1M
Net Profit
NGD
NGD
SND
SND
Q4 25
$1.2M
Q3 25
$3.0M
Q2 25
$21.4M
Q1 25
$-24.2M
Q4 24
$3.7M
Q3 24
$-98.0K
Q2 24
$-430.0K
Q1 24
$-216.0K
Gross Margin
NGD
NGD
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
NGD
NGD
SND
SND
Q4 25
-3.1%
Q3 25
5.8%
Q2 25
-0.1%
Q1 25
-10.8%
Q4 24
3.9%
Q3 24
-7.8%
Q2 24
4.8%
Q1 24
0.9%
Net Margin
NGD
NGD
SND
SND
Q4 25
1.4%
Q3 25
3.2%
Q2 25
24.9%
Q1 25
-37.0%
Q4 24
4.1%
Q3 24
-0.2%
Q2 24
-0.6%
Q1 24
-0.3%
EPS (diluted)
NGD
NGD
SND
SND
Q4 25
$0.03
Q3 25
$0.08
Q2 25
$0.54
Q1 25
$-0.62
Q4 24
$0.10
Q3 24
$0.00
Q2 24
$-0.01
Q1 24
$-0.01

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NGD
NGD
SND
SND
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
Total Debt
NGD
NGD
SND
SND
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 24
$25.5M
Stockholders' Equity
NGD
NGD
SND
SND
Q4 25
$239.7M
Q3 25
$239.9M
Q2 25
$240.5M
Q1 25
$219.9M
Q4 24
$243.8M
Q3 24
$243.6M
Q2 24
$242.9M
Q1 24
$242.5M
Total Assets
NGD
NGD
SND
SND
Q4 25
$340.0M
Q3 25
$343.1M
Q2 25
$345.8M
Q1 25
$326.9M
Q4 24
$341.5M
Q3 24
$335.8M
Q2 24
$341.8M
Q1 24
$349.3M
Debt / Equity
NGD
NGD
SND
SND
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×
Q1 24
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
NGD
NGD
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
NGD
NGD
SND
SND
Q4 25
$22.4M
Q3 25
$18.2M
Q2 25
$-5.1M
Q1 25
$8.7M
Q4 24
$1.0M
Q3 24
$5.8M
Q2 24
$14.9M
Q1 24
$-3.9M
Free Cash Flow
NGD
NGD
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
NGD
NGD
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
NGD
NGD
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
NGD
NGD
SND
SND
Q4 25
18.99×
Q3 25
6.05×
Q2 25
-0.24×
Q1 25
Q4 24
0.28×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

NGD
NGD

Segment breakdown not available.

SND
SND

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

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