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Side-by-side financial comparison of RCI HOSPITALITY HOLDINGS, INC. (RICK) 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 $70.9M, roughly 1.2× RCI HOSPITALITY HOLDINGS, INC.). Smart Sand, Inc. runs the higher net margin — 1.4% vs -7.8%, a 9.1% gap on every dollar of revenue. On growth, RCI HOSPITALITY HOLDINGS, INC. posted the faster year-over-year revenue change (-3.1% vs -5.8%). Smart Sand, Inc. produced more free cash flow last quarter ($20.4M vs $11.5M). Over the past eight quarters, Smart Sand, Inc.'s revenue compounded faster (1.8% CAGR vs -2.0%).
RCI Hospitality Holdings, Inc., through its subsidiaries, operates strip clubs, nightclubs, sports bars/restaurants, and a media and convention company that serves the adult club industry. RCI went public with an IPO in 1995 is listed on The NASDAQ Global Market under the symbol RICK.
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.
RICK vs SND — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $70.9M | $86.0M |
| Net Profit | $-5.5M | $1.2M |
| Gross Margin | — | 13.0% |
| Operating Margin | -0.7% | -3.1% |
| Net Margin | -7.8% | 1.4% |
| Revenue YoY | -3.1% | -5.8% |
| Net Profit YoY | -2354.9% | -68.5% |
| EPS (diluted) | $-0.60 | $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 | — | $86.0M | ||
| Q3 25 | $70.9M | $92.8M | ||
| Q2 25 | $71.1M | $85.8M | ||
| Q1 25 | $65.9M | $65.6M | ||
| Q4 24 | $71.5M | $91.4M | ||
| Q3 24 | $73.2M | $63.2M | ||
| Q2 24 | $76.2M | $73.8M | ||
| Q1 24 | $72.3M | $83.1M |
| Q4 25 | — | $1.2M | ||
| Q3 25 | $-5.5M | $3.0M | ||
| Q2 25 | $4.1M | $21.4M | ||
| Q1 25 | $3.2M | $-24.2M | ||
| Q4 24 | $9.0M | $3.7M | ||
| Q3 24 | $244.0K | $-98.0K | ||
| Q2 24 | $-5.2M | $-430.0K | ||
| Q1 24 | $774.0K | $-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 | — | -3.1% | ||
| Q3 25 | -0.7% | 5.8% | ||
| Q2 25 | 12.2% | -0.1% | ||
| Q1 25 | 12.4% | -10.8% | ||
| Q4 24 | 19.5% | 3.9% | ||
| Q3 24 | 4.8% | -7.8% | ||
| Q2 24 | -3.3% | 4.8% | ||
| Q1 24 | 6.4% | 0.9% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | -7.8% | 3.2% | ||
| Q2 25 | 5.7% | 24.9% | ||
| Q1 25 | 4.9% | -37.0% | ||
| Q4 24 | 12.6% | 4.1% | ||
| Q3 24 | 0.3% | -0.2% | ||
| Q2 24 | -6.9% | -0.6% | ||
| Q1 24 | 1.1% | -0.3% |
| Q4 25 | — | $0.03 | ||
| Q3 25 | $-0.60 | $0.08 | ||
| Q2 25 | $0.46 | $0.54 | ||
| Q1 25 | $0.36 | $-0.62 | ||
| Q4 24 | $1.01 | $0.10 | ||
| Q3 24 | $0.04 | $0.00 | ||
| Q2 24 | $-0.56 | $-0.01 | ||
| Q1 24 | $0.08 | $-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 | $33.7M | $22.6M |
| Total DebtLower is stronger | $238.2M | $15.0M |
| Stockholders' EquityBook value | $261.1M | $239.7M |
| Total Assets | $596.9M | $340.0M |
| Debt / EquityLower = less leverage | 0.91× | 0.06× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $22.6M | ||
| Q3 25 | $33.7M | $5.1M | ||
| Q2 25 | $29.3M | $4.3M | ||
| Q1 25 | $32.7M | $5.1M | ||
| Q4 24 | $34.7M | $1.6M | ||
| Q3 24 | $32.4M | $7.2M | ||
| Q2 24 | $34.9M | $6.3M | ||
| Q1 24 | $20.0M | $4.6M |
| Q4 25 | — | $15.0M | ||
| Q3 25 | $238.2M | $14.3M | ||
| Q2 25 | $243.8M | $23.5M | ||
| Q1 25 | $244.1M | $13.7M | ||
| Q4 24 | — | $14.7M | ||
| Q3 24 | $241.1M | $15.7M | ||
| Q2 24 | — | $17.1M | ||
| Q1 24 | — | $25.5M |
| Q4 25 | — | $239.7M | ||
| Q3 25 | $261.1M | $239.9M | ||
| Q2 25 | $269.5M | $240.5M | ||
| Q1 25 | $268.8M | $219.9M | ||
| Q4 24 | $269.0M | $243.8M | ||
| Q3 24 | $263.4M | $243.6M | ||
| Q2 24 | $271.2M | $242.9M | ||
| Q1 24 | $285.8M | $242.5M |
| Q4 25 | — | $340.0M | ||
| Q3 25 | $596.9M | $343.1M | ||
| Q2 25 | $597.4M | $345.8M | ||
| Q1 25 | $589.8M | $326.9M | ||
| Q4 24 | $586.2M | $341.5M | ||
| Q3 24 | $584.4M | $335.8M | ||
| Q2 24 | $601.0M | $341.8M | ||
| Q1 24 | $609.9M | $349.3M |
| Q4 25 | — | 0.06× | ||
| Q3 25 | 0.91× | 0.06× | ||
| Q2 25 | 0.90× | 0.10× | ||
| Q1 25 | 0.91× | 0.06× | ||
| Q4 24 | — | 0.06× | ||
| Q3 24 | 0.92× | 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 | $13.7M | $22.4M |
| Free Cash FlowOCF − Capex | $11.5M | $20.4M |
| FCF MarginFCF / Revenue | 16.2% | 23.7% |
| Capex IntensityCapex / Revenue | 3.2% | 2.3% |
| Cash ConversionOCF / Net Profit | — | 18.99× |
| TTM Free Cash FlowTrailing 4 quarters | $34.9M | $32.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $22.4M | ||
| Q3 25 | $13.7M | $18.2M | ||
| Q2 25 | $13.8M | $-5.1M | ||
| Q1 25 | $8.5M | $8.7M | ||
| Q4 24 | $13.3M | $1.0M | ||
| Q3 24 | $15.7M | $5.8M | ||
| Q2 24 | $15.8M | $14.9M | ||
| Q1 24 | $10.8M | $-3.9M |
| Q4 25 | — | $20.4M | ||
| Q3 25 | $11.5M | $14.8M | ||
| Q2 25 | $10.1M | $-7.8M | ||
| Q1 25 | $5.7M | $5.2M | ||
| Q4 24 | $7.6M | $-840.0K | ||
| Q3 24 | $10.3M | $3.7M | ||
| Q2 24 | $9.3M | $13.5M | ||
| Q1 24 | $3.2M | $-5.5M |
| Q4 25 | — | 23.7% | ||
| Q3 25 | 16.2% | 15.9% | ||
| Q2 25 | 14.2% | -9.1% | ||
| Q1 25 | 8.6% | 7.9% | ||
| Q4 24 | 10.6% | -0.9% | ||
| Q3 24 | 14.0% | 5.8% | ||
| Q2 24 | 12.3% | 18.3% | ||
| Q1 24 | 4.4% | -6.6% |
| Q4 25 | — | 2.3% | ||
| Q3 25 | 3.2% | 3.6% | ||
| Q2 25 | 5.2% | 3.1% | ||
| Q1 25 | 4.3% | 5.4% | ||
| Q4 24 | 8.0% | 2.1% | ||
| Q3 24 | 7.3% | 3.4% | ||
| Q2 24 | 8.4% | 1.8% | ||
| Q1 24 | 10.6% | 2.0% |
| Q4 25 | — | 18.99× | ||
| Q3 25 | — | 6.05× | ||
| Q2 25 | 3.40× | -0.24× | ||
| Q1 25 | 2.65× | — | ||
| Q4 24 | 1.48× | 0.28× | ||
| Q3 24 | 64.14× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 14.00× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RICK
| Transferred At Point In Time | $60.8M | 86% |
| Food And Merchandise | $10.4M | 15% |
SND
| Sand | $85.1M | 99% |
| Smart Systems Segment | $980.0K | 1% |
