Smith Midland Corp
SMID Nasdaq· Concrete Products, Except Block & Brick
Last close · Oct 23, 2026
$21.29
KIRA · Stoqly’s AI analyst, in plain words
- Smith Midland Corp had $93.4M of revenue in fiscal 2025, up 19.0% on the year before. Over five years, revenue changed +16.3% a year on average.
- Its operating margin was 18.2%, up 5.6 pts: of every 100 in sales, about 18 is left after running the business.
- Smith Midland Corp made $12.5M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 17.3% a year.
- Free cash flow was $5.0M in fiscal 2025, 5.3% of revenue.
Market cap
$113M
P/E
14.6x
Revenue
$93.4M
Net income
$12.5M
Free cash flow
$5.0M
Operating margin
18.2%
Smith Midland Corp in 30 seconds · fiscal 2025
Are sales growing?
+19.0%
Yes. Sales grew 19.0% last year.
Does it make a profit?
13.4%
Yes. It keeps 13.4% of every sale as profit.
Does profit turn into cash?
5.3%
Partly. 5.3% of sales ends up as free cash.
How healthy are the accounts?
6 / 8
Mixed. It passes 6 of 8 health tests.
How is the share priced?
14.6x
One share costs 14.6 times its yearly profit per share.
What Smith Midland Corp does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Apr 14, 2026
- Legal name
- SMITH MIDLAND CORP
- CIK
- 0000924719
Smith Midland Corp · SMID
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $50.6M | $50.1M | $59.6M | $78.5M | $93.4M |
| Revenue growth | 15.5% | −1.0% | 18.8% | 31.8% | 19.0% |
| Gross margin | 28.5% | 18.9% | 17.9% | 25.5% | 27.9% |
| Operating margin | 12.2% | 1.7% | 1.9% | 12.6% | 18.2% |
| Net income | $7.6M | $0.8M | $0.8M | $7.7M | $12.5M |
| Net margin | 14.9% | 1.6% | 1.3% | 9.8% | 13.4% |
| Diluted EPS | $1.45 | $0.15 | $0.15 | $1.45 | $2.36 |
| Cash | |||||
| Cash from operations | $9.1M | −$6.3M | $7.7M | $5.2M | $14.3M |
| Capital expenditure | $5.4M | $2.7M | $5.0M | $6.2M | $9.3M |
| Free cash flow | $3.8M | −$9.1M | $2.7M | −$1.0M | $5.0M |
| FCF margin | 7.4% | −18.1% | 4.6% | −1.3% | 5.3% |
| Dividends paid | $0.0M | — | — | — | — |
| Share count change | −99.9% | 100,919.2% | 0.7% | −0.1% | 0.3% |
| Debt and strength | |||||
| Cash and short-term investments | $13.5M | $6.7M | $9.2M | $7.5M | $11.9M |
| Shareholders' equity | $31.8M | $33.1M | $34.2M | $41.7M | $54.3M |
| Current ratio | 2.0x | 2.6x | 2.1x | 2.4x | 3.4x |
| Interest coverage | 32.5x | 3.3x | 4.4x | 42.9x | 75.5x |
| Returns and quality | |||||
| Return on equity | 27.3% | 2.5% | 2.4% | 20.2% | 26.0% |
| Return on tangible equity | 23.8% | 2.4% | 2.3% | 18.4% | 23.0% |
| Piotroski F-score | 7 | 2 | 4 | 7 | 6 |
| Altman Z'' | 5.6 | 5.4 | 4.7 | 6.3 | 7.3 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
1 insider
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Smith Midland Corp · SMID
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $21.29 a share, the company is worth $113M: 14.6 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0000924719). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.