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Side-by-side financial comparison of Sila Realty Trust, Inc. (SILA) 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 $50.1M, roughly 1.7× Sila Realty Trust, Inc.). Sila Realty Trust, Inc. runs the higher net margin — 10.0% vs 1.4%, a 8.6% gap on every dollar of revenue. On growth, Sila Realty Trust, Inc. posted the faster year-over-year revenue change (7.6% vs -5.8%). Over the past eight quarters, Smart Sand, Inc.'s revenue compounded faster (1.8% CAGR vs -0.6%).

Sila Realty Trust, Inc. is a U.S.-based real estate investment trust that owns, operates, and acquires high-quality income-generating commercial properties. Its core portfolio covers industrial logistics facilities, office assets and mixed-use properties, serving tenants across logistics, corporate and retail segments to deliver stable long-term returns.

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.

SILA vs SND — Head-to-Head

Bigger by revenue
SND
SND
1.7× larger
SND
$86.0M
$50.1M
SILA
Growing faster (revenue YoY)
SILA
SILA
+13.4% gap
SILA
7.6%
-5.8%
SND
Higher net margin
SILA
SILA
8.6% more per $
SILA
10.0%
1.4%
SND
Faster 2-yr revenue CAGR
SND
SND
Annualised
SND
1.8%
-0.6%
SILA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SILA
SILA
SND
SND
Revenue
$50.1M
$86.0M
Net Profit
$5.0M
$1.2M
Gross Margin
88.9%
13.0%
Operating Margin
-3.1%
Net Margin
10.0%
1.4%
Revenue YoY
7.6%
-5.8%
Net Profit YoY
-54.9%
-68.5%
EPS (diluted)
$0.10
$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
SILA
SILA
SND
SND
Q4 25
$50.1M
$86.0M
Q3 25
$49.8M
$92.8M
Q2 25
$48.7M
$85.8M
Q1 25
$48.3M
$65.6M
Q4 24
$46.5M
$91.4M
Q3 24
$46.1M
$63.2M
Q2 24
$43.6M
$73.8M
Q1 24
$50.6M
$83.1M
Net Profit
SILA
SILA
SND
SND
Q4 25
$5.0M
$1.2M
Q3 25
$11.6M
$3.0M
Q2 25
$8.6M
$21.4M
Q1 25
$7.9M
$-24.2M
Q4 24
$11.1M
$3.7M
Q3 24
$11.9M
$-98.0K
Q2 24
$4.6M
$-430.0K
Q1 24
$15.0M
$-216.0K
Gross Margin
SILA
SILA
SND
SND
Q4 25
88.9%
13.0%
Q3 25
88.1%
16.1%
Q2 25
87.7%
10.4%
Q1 25
86.9%
4.2%
Q4 24
87.3%
14.7%
Q3 24
87.4%
10.3%
Q2 24
86.6%
17.7%
Q1 24
89.0%
14.2%
Operating Margin
SILA
SILA
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
SILA
SILA
SND
SND
Q4 25
10.0%
1.4%
Q3 25
23.3%
3.2%
Q2 25
17.6%
24.9%
Q1 25
16.4%
-37.0%
Q4 24
23.9%
4.1%
Q3 24
25.9%
-0.2%
Q2 24
10.6%
-0.6%
Q1 24
29.6%
-0.3%
EPS (diluted)
SILA
SILA
SND
SND
Q4 25
$0.10
$0.03
Q3 25
$0.21
$0.08
Q2 25
$0.15
$0.54
Q1 25
$0.14
$-0.62
Q4 24
$0.20
$0.10
Q3 24
$0.21
$0.00
Q2 24
$0.08
$-0.01
Q1 24
$0.26
$-0.01

Balance Sheet & Financial Strength

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

Metric
SILA
SILA
SND
SND
Cash + ST InvestmentsLiquidity on hand
$32.3M
$22.6M
Total DebtLower is stronger
$15.0M
Stockholders' EquityBook value
$1.3B
$239.7M
Total Assets
$2.1B
$340.0M
Debt / EquityLower = less leverage
0.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SILA
SILA
SND
SND
Q4 25
$32.3M
$22.6M
Q3 25
$27.7M
$5.1M
Q2 25
$24.8M
$4.3M
Q1 25
$30.5M
$5.1M
Q4 24
$39.8M
$1.6M
Q3 24
$28.6M
$7.2M
Q2 24
$87.0M
$6.3M
Q1 24
$90.2M
$4.6M
Total Debt
SILA
SILA
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
SILA
SILA
SND
SND
Q4 25
$1.3B
$239.7M
Q3 25
$1.3B
$239.9M
Q2 25
$1.4B
$240.5M
Q1 25
$1.4B
$219.9M
Q4 24
$1.4B
$243.8M
Q3 24
$1.4B
$243.6M
Q2 24
$1.5B
$242.9M
Q1 24
$1.5B
$242.5M
Total Assets
SILA
SILA
SND
SND
Q4 25
$2.1B
$340.0M
Q3 25
$2.1B
$343.1M
Q2 25
$2.0B
$345.8M
Q1 25
$2.0B
$326.9M
Q4 24
$2.0B
$341.5M
Q3 24
$2.0B
$335.8M
Q2 24
$2.1B
$341.8M
Q1 24
$2.1B
$349.3M
Debt / Equity
SILA
SILA
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
SILA
SILA
SND
SND
Operating Cash FlowLast quarter
$119.1M
$22.4M
Free Cash FlowOCF − Capex
$20.4M
FCF MarginFCF / Revenue
23.7%
Capex IntensityCapex / Revenue
2.3%
Cash ConversionOCF / Net Profit
23.76×
18.99×
TTM Free Cash FlowTrailing 4 quarters
$32.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SILA
SILA
SND
SND
Q4 25
$119.1M
$22.4M
Q3 25
$30.0M
$18.2M
Q2 25
$31.9M
$-5.1M
Q1 25
$24.1M
$8.7M
Q4 24
$132.8M
$1.0M
Q3 24
$29.1M
$5.8M
Q2 24
$31.6M
$14.9M
Q1 24
$36.6M
$-3.9M
Free Cash Flow
SILA
SILA
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
SILA
SILA
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
SILA
SILA
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
SILA
SILA
SND
SND
Q4 25
23.76×
18.99×
Q3 25
2.59×
6.05×
Q2 25
3.71×
-0.24×
Q1 25
3.06×
Q4 24
11.95×
0.28×
Q3 24
2.43×
Q2 24
6.84×
Q1 24
2.44×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SILA
SILA

Segment breakdown not available.

SND
SND

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

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