SMID

+ Watchlist + Portfolio

Smith-Midland Corp.

GridBrain — Sign in

GridSentinel — Sign in

GridAegis — Sign in

Key Metrics

Previous Close: $28.01
52-Week Range: $25.60 – $43.62
Market Cap: $147.79M
P/E (TTM): 19.35
EPS (TTM): 1.44
Dividend Yield: —

Advanced Metrics

Price/Book: 2.66
PEG Ratio: 1.20
Return on Equity: 14.54%
Return on Assets: 8.04%
Gross Margin: 23.46%
Operating Margin: 8.50%
Profit Margin: 8.63%
Current Ratio: 4.06
Debt/Equity: 0.07
Total Debt: $4.22M
Free Cash Flow: $-336.88K
Revenue Growth: -10.80%
Earnings Growth: -66.90%
Enterprise Value: $141.34M

SMID Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$50.13M	$59.58M	$78.51M	$93.45M
Cost of Revenue	$40.66M	$48.93M	$58.50M	$67.41M
Gross Profit	$9.47M	$10.65M	$20.01M	$26.04M
Selling, General & Admin	$8.62M	$9.53M	$10.11M	$9.04M
Operating Expenses	$8.62M	$9.53M	$10.11M	$9.04M
Operating Income	$854.00K	$1.12M	$9.90M	$16.99M
EBITDA	$4.09M	$3.98M	$12.71M	$20.14M
Pretax Income	$945.00K	$1.32M	$9.82M	$17.03M
Income Tax	$145.00K	$528.00K	$2.14M	$4.52M
Net Income	$800.00K	$795.00K	$7.67M	$12.51M
Diluted EPS	0.15	0.15	1.45	2.36
Diluted Shares	5.25M	5.29M	5.29M	5.30M

SMID Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$6.73M	$9.18M	$7.55M	$11.88M
Receivables	$17.69M	$17.73M	$20.77M	$28.42M
Inventory	$3.82M	$5.15M	$6.68M	$6.93M
Current Assets	$28.94M	$33.33M	$35.85M	$48.75M
Total Assets	$54.31M	$61.35M	$67.99M	$87.73M
Current Liabilities	$11.22M	$16.02M	$15.01M	$14.33M
Long-Term Debt	$5.73M	$5.09M	$4.44M	$3.80M
Total Debt	$6.47M	$5.77M	$5.21M	$4.54M
Total Liabilities	$21.26M	$27.19M	$26.25M	$33.42M
Retained Earnings	$25.66M	$26.39M	$34.07M	$46.58M
Shareholders' Equity	$33.05M	$34.16M	$41.74M	$54.30M
Working Capital	$17.72M	$17.31M	$20.84M	$34.41M

SMID Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$6.33M	$7.73M	$5.16M	$14.30M
Capital Expenditure	-$2.75M	-$5.01M	-$6.20M	-$9.34M
Free Cash Flow	-$9.08M	$2.72M	-$1.04M	$4.96M
Depreciation & Amortisation	$2.88M	$2.40M	$2.66M	$2.89M
Stock-Based Compensation	$505.00K	$375.00K	$45.00K	$59.00K
Investing Cash Flow	-$2.63M	-$4.66M	-$6.15M	-$9.32M
Financing Cash Flow	$2.20M	-$619.00K	-$635.00K	-$647.00K
Net Change in Cash	-$6.77M	$2.45M	-$1.63M	$4.34M

SMID Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$22.70M	$26.19M	$21.45M	$23.11M	$21.57M
Cost of Revenue	$15.72M	$18.40M	$15.69M	$17.59M	$17.27M
Gross Profit	$6.97M	$7.79M	$5.76M	$5.52M	$4.30M
Selling, General & Admin	$2.59M	$2.27M	$1.91M	$2.28M	$2.58M
Operating Expenses	$2.59M	$2.27M	$1.91M	$2.28M	$2.58M
Operating Income	$4.39M	$5.52M	$3.85M	$3.23M	$1.73M
EBITDA	$5.07M	$6.17M	$4.53M	$4.36M	$2.76M
Pretax Income	$4.35M	$5.48M	$3.87M	$3.33M	$1.76M
Income Tax	$1.02M	$1.31M	$994.00K	$1.20M	$422.00K
Net Income	$3.33M	$4.17M	$2.88M	$2.13M	$1.34M
Diluted EPS	0.62	0.79	0.54	—	0.25
Diluted Shares	5.30M	5.30M	5.30M	—	5.31M

SMID Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$9.01M	$7.10M	$13.38M	$11.88M	$13.22M
Receivables	$23.83M	$31.55M	$26.86M	$28.42M	$29.91M
Inventory	$7.49M	$7.18M	$7.89M	$6.93M	$7.22M
Current Assets	$41.57M	$47.45M	$49.81M	$48.75M	$51.62M
Total Assets	$74.66M	$81.18M	$85.44M	$87.73M	$92.19M
Current Liabilities	$17.25M	$16.48M	$18.03M	$14.33M	$16.58M
Long-Term Debt	$4.27M	$4.10M	$3.93M	$3.80M	$3.63M
Total Debt	$5.03M	$4.86M	$4.69M	$4.54M	$4.37M
Total Liabilities	$29.59M	$31.93M	$33.31M	$33.42M	$36.54M
Retained Earnings	$37.40M	$41.57M	$44.45M	$46.58M	$47.91M
Shareholders' Equity	$45.07M	$49.24M	$52.13M	$54.30M	$55.66M
Working Capital	$24.32M	$30.96M	$31.78M	$34.41M	$35.04M

SMID Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$2.22M	$183.00K	$9.31M	$2.59M	$3.13M
Capital Expenditure	-$595.00K	-$1.92M	-$2.87M	-$3.96M	-$1.63M
Free Cash Flow	$1.62M	-$1.74M	$6.45M	-$1.37M	$1.50M
Depreciation & Amortisation	$671.00K	$631.00K	$613.00K	$972.00K	$951.00K
Stock-Based Compensation	$4.00K	$6.00K	$3.00K	$46.00K	$15.00K
Investing Cash Flow	-$595.00K	-$1.92M	-$2.87M	-$3.94M	-$1.63M
Financing Cash Flow	-$164.00K	-$168.00K	-$172.00K	-$143.00K	-$166.00K
Net Change in Cash	$1.46M	-$1.91M	$6.28M	-$1.49M	$1.33M

Market Snapshot

About

Smith-Midland Corp. is a precast concrete manufacturer specializing in proprietary and custom products for transportation, utilities, and building construction. The company produces architectural and structural precast concrete, utility vaults, highway sound barriers, and safety barriers. Smith-Midland operates manufacturing facilities serving markets along the eastern United States.