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Side-by-side financial comparison of READING INTERNATIONAL INC (RDI) 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 $50.3M, roughly 1.7× READING INTERNATIONAL INC). Smart Sand, Inc. runs the higher net margin — 1.4% vs -5.1%, a 6.5% gap on every dollar of revenue. On growth, Smart Sand, Inc. posted the faster year-over-year revenue change (-5.8% vs -14.2%). Smart Sand, Inc. produced more free cash flow last quarter ($20.4M vs $4.1M). Over the past eight quarters, READING INTERNATIONAL INC's revenue compounded faster (5.6% CAGR vs 1.8%).
The Reading Company was a Philadelphia-headquartered railroad that provided passenger and freight transport in eastern Pennsylvania and neighboring states from 1924 until its acquisition by Conrail in 1976.
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.
RDI vs SND — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.3M | $86.0M |
| Net Profit | $-2.6M | $1.2M |
| Gross Margin | — | 13.0% |
| Operating Margin | -1.9% | -3.1% |
| Net Margin | -5.1% | 1.4% |
| Revenue YoY | -14.2% | -5.8% |
| Net Profit YoY | -14.5% | -68.5% |
| EPS (diluted) | $-0.11 | $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 | $50.3M | $86.0M | ||
| Q3 25 | $52.2M | $92.8M | ||
| Q2 25 | $60.4M | $85.8M | ||
| Q1 25 | $40.2M | $65.6M | ||
| Q4 24 | $58.6M | $91.4M | ||
| Q3 24 | $60.1M | $63.2M | ||
| Q2 24 | $46.8M | $73.8M | ||
| Q1 24 | $45.1M | $83.1M |
| Q4 25 | $-2.6M | $1.2M | ||
| Q3 25 | $-4.2M | $3.0M | ||
| Q2 25 | $-2.7M | $21.4M | ||
| Q1 25 | $-4.8M | $-24.2M | ||
| Q4 24 | $-2.2M | $3.7M | ||
| Q3 24 | $-7.0M | $-98.0K | ||
| Q2 24 | $-12.8M | $-430.0K | ||
| Q1 24 | $-13.2M | $-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 | -1.9% | -3.1% | ||
| Q3 25 | -0.6% | 5.8% | ||
| Q2 25 | 4.8% | -0.1% | ||
| Q1 25 | -17.2% | -10.8% | ||
| Q4 24 | 2.6% | 3.9% | ||
| Q3 24 | -0.6% | -7.8% | ||
| Q2 24 | -16.4% | 4.8% | ||
| Q1 24 | -16.7% | 0.9% |
| Q4 25 | -5.1% | 1.4% | ||
| Q3 25 | -8.0% | 3.2% | ||
| Q2 25 | -4.4% | 24.9% | ||
| Q1 25 | -11.8% | -37.0% | ||
| Q4 24 | -3.8% | 4.1% | ||
| Q3 24 | -11.7% | -0.2% | ||
| Q2 24 | -27.4% | -0.6% | ||
| Q1 24 | -29.4% | -0.3% |
| Q4 25 | $-0.11 | $0.03 | ||
| Q3 25 | $-0.18 | $0.08 | ||
| Q2 25 | $-0.12 | $0.54 | ||
| Q1 25 | $-0.21 | $-0.62 | ||
| Q4 24 | $-0.11 | $0.10 | ||
| Q3 24 | $-0.31 | $0.00 | ||
| Q2 24 | $-0.57 | $-0.01 | ||
| Q1 24 | $-0.59 | $-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 | $10.5M | $22.6M |
| Total DebtLower is stronger | $185.1M | $15.0M |
| Stockholders' EquityBook value | $-18.2M | $239.7M |
| Total Assets | $434.9M | $340.0M |
| Debt / EquityLower = less leverage | — | 0.06× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.5M | $22.6M | ||
| Q3 25 | $8.1M | $5.1M | ||
| Q2 25 | $9.1M | $4.3M | ||
| Q1 25 | $5.9M | $5.1M | ||
| Q4 24 | $12.4M | $1.6M | ||
| Q3 24 | $10.1M | $7.2M | ||
| Q2 24 | $9.3M | $6.3M | ||
| Q1 24 | $7.5M | $4.6M |
| Q4 25 | $185.1M | $15.0M | ||
| Q3 25 | — | $14.3M | ||
| Q2 25 | — | $23.5M | ||
| Q1 25 | — | $13.7M | ||
| Q4 24 | $202.7M | $14.7M | ||
| Q3 24 | — | $15.7M | ||
| Q2 24 | — | $17.1M | ||
| Q1 24 | — | $25.5M |
| Q4 25 | $-18.2M | $239.7M | ||
| Q3 25 | $-12.1M | $239.9M | ||
| Q2 25 | $-7.7M | $240.5M | ||
| Q1 25 | $-8.1M | $219.9M | ||
| Q4 24 | $-4.4M | $243.8M | ||
| Q3 24 | $1.6M | $243.6M | ||
| Q2 24 | $6.5M | $242.9M | ||
| Q1 24 | $18.0M | $242.5M |
| Q4 25 | $434.9M | $340.0M | ||
| Q3 25 | $435.2M | $343.1M | ||
| Q2 25 | $438.1M | $345.8M | ||
| Q1 25 | $441.0M | $326.9M | ||
| Q4 24 | $471.0M | $341.5M | ||
| Q3 24 | $495.7M | $335.8M | ||
| Q2 24 | $494.9M | $341.8M | ||
| Q1 24 | $494.9M | $349.3M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $4.3M | $22.4M |
| Free Cash FlowOCF − Capex | $4.1M | $20.4M |
| FCF MarginFCF / Revenue | 8.2% | 23.7% |
| Capex IntensityCapex / Revenue | 0.3% | 2.3% |
| Cash ConversionOCF / Net Profit | — | 18.99× |
| TTM Free Cash FlowTrailing 4 quarters | $-2.9M | $32.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.3M | $22.4M | ||
| Q3 25 | $295.0K | $18.2M | ||
| Q2 25 | $1.6M | $-5.1M | ||
| Q1 25 | $-7.7M | $8.7M | ||
| Q4 24 | $8.0M | $1.0M | ||
| Q3 24 | $1.3M | $5.8M | ||
| Q2 24 | $-10.4M | $14.9M | ||
| Q1 24 | $-2.8M | $-3.9M |
| Q4 25 | $4.1M | $20.4M | ||
| Q3 25 | $-246.0K | $14.8M | ||
| Q2 25 | $1.2M | $-7.8M | ||
| Q1 25 | $-8.0M | $5.2M | ||
| Q4 24 | $7.0M | $-840.0K | ||
| Q3 24 | $-1.1M | $3.7M | ||
| Q2 24 | $-10.6M | $13.5M | ||
| Q1 24 | $-4.7M | $-5.5M |
| Q4 25 | 8.2% | 23.7% | ||
| Q3 25 | -0.5% | 15.9% | ||
| Q2 25 | 1.9% | -9.1% | ||
| Q1 25 | -19.8% | 7.9% | ||
| Q4 24 | 12.0% | -0.9% | ||
| Q3 24 | -1.8% | 5.8% | ||
| Q2 24 | -22.7% | 18.3% | ||
| Q1 24 | -10.4% | -6.6% |
| Q4 25 | 0.3% | 2.3% | ||
| Q3 25 | 1.0% | 3.6% | ||
| Q2 25 | 0.6% | 3.1% | ||
| Q1 25 | 0.6% | 5.4% | ||
| Q4 24 | 1.7% | 2.1% | ||
| Q3 24 | 4.0% | 3.4% | ||
| Q2 24 | 0.5% | 1.8% | ||
| Q1 24 | 4.3% | 2.0% |
| 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
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
SND
| Sand | $85.1M | 99% |
| Smart Systems Segment | $980.0K | 1% |
