SmartRent (SMRT) Stock Analysis & Winston Score

SmartRent is a technology company that builds smart home software and hardware for apartment buildings and rental properties. Its products include smart locks, thermostats, sensors, and a software platform that lets landlords and property managers control and monitor units remotely. The main customers are large residential real estate companies and property management firms across the United States.

The company makes money by selling hardware devices and charging recurring software subscription fees to property managers. SmartRent operates almost entirely in the U.S. and has installed its systems in hundreds of thousands of units, giving it a base of recurring revenue as properties stay on the platform long-term. However, the company is not yet profitable, and its biggest challenge is converting its installed base into enough subscription revenue to cover costs while competing against larger technology vendors that could enter the property management space.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-6.4% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+89.0% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

11.3%ownership

→ Flat

Insiders holding steady — not selling despite ability to

Cash Runway

~5 years

$99M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

$99M cash & investments at current burn rate

Revenue declining

SmartRent's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

39.1%

Modest — 39.1% gross margin

Operating Margin

-13.2%

Losing money on operations — -13.2%

ROCE

-2.2%

Weak — -2.2% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

-9.7%

Shrinking sales (-9.7% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-10.9%

Burning cash (-10.9%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

N/A

Data not available

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

no trend

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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