SMID
Smith-Midland Corp
NASDAQ: SMID · BASIC MATERIALS · BUILDING MATERIALS
$33.78
+1.90% today
Updated 2026-04-30
Market cap
$176.71M
P/E ratio
14.11
P/S ratio
1.89x
EPS (TTM)
$2.36
Dividend yield
—
52W range
$26 – $44
Volume
0.0M
Smith-Midland Corp (SMID) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $29.36M | $31.52M | $29.86M | $29.52M | $31.71M | $26.70M | $24.89M | $27.71M | $22.47M | $29.20M | $40.05M | $41.72M | $40.22M | $46.69M | $43.86M | $50.64M | $50.13M | $59.58M | $78.51M | $93.45M |
| Revenue growth (YoY) | — | +7.4% | -5.3% | -1.1% | +7.4% | -15.8% | -6.8% | +11.3% | -18.9% | +30.0% | +37.1% | +4.2% | -3.6% | +16.1% | -6.1% | +15.5% | -1.0% | +18.8% | +31.8% | +19.0% |
| Cost of revenue | $24.75M | $23.86M | $23.18M | $20.88M | $22.68M | $22.09M | $19.45M | $21.14M | $18.63M | $22.09M | $29.70M | $30.14M | $29.73M | $36.72M | $32.82M | $36.22M | $40.66M | $48.93M | $58.50M | $67.41M |
| Gross profit | $4.61M | $7.66M | $6.68M | $8.64M | $9.03M | $4.60M | $5.45M | $6.57M | $3.85M | $7.11M | $10.35M | $11.58M | $10.49M | $9.97M | $11.04M | $14.42M | $9.47M | $10.65M | $20.01M | $26.04M |
| Gross margin | 15.7% | 24.3% | 22.4% | 29.3% | 28.5% | 17.2% | 21.9% | 23.7% | 17.1% | 24.3% | 25.8% | 27.8% | 26.1% | 21.4% | 25.2% | 28.5% | 18.9% | 17.9% | 25.5% | 27.9% |
| R&D | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| SG&A | $5.49M | $5.11M | $3.32M | $3.19M | $2.71M | $2.87M | $2.66M | $3.09M | $2.98M | $3.37M | $3.89M | $5.37M | $5.67M | $4.89M | $4.99M | $5.42M | $5.55M | $5.99M | $6.55M | $5.67M |
| Operating income | $-878449.00 | $2.55M | $960572.00 | $3.12M | $3.86M | $-364836.00 | $687762.00 | $1.28M | $-1.19M | $1.67M | $4.34M | $3.71M | $2.22M | $2.55M | $3.76M | $6.17M | $854000.00 | $1.12M | $9.90M | $16.99M |
| Operating margin | -3.0% | 8.1% | 3.2% | 10.6% | 12.2% | -1.4% | 2.8% | 4.6% | -5.3% | 5.7% | 10.8% | 8.9% | 5.5% | 5.5% | 8.6% | 12.2% | 1.7% | 1.9% | 12.6% | 18.2% |
| EBITDA | $-277810.00 | $3.29M | $1.67M | $3.91M | $4.69M | $361221.00 | $1.37M | $1.85M | $-549961.00 | $2.24M | $5.16M | $4.64M | $3.46M | $4.47M | $6.17M | $11.96M | $4.10M | $3.96M | $12.71M | $17.03M |
| EBITDA margin | -0.9% | 10.4% | 5.6% | 13.2% | 14.8% | 1.4% | 5.5% | 6.7% | -2.4% | 7.7% | 12.9% | 11.1% | 8.6% | 9.6% | 14.1% | 23.6% | 8.2% | 6.6% | 16.2% | 18.2% |
| EBIT | $-878449.00 | $2.56M | $1.03M | $3.21M | $3.95M | $-351611.00 | $693524.00 | $1.22M | $-1.19M | $1.58M | $4.34M | $3.71M | $2.22M | $2.68M | $3.76M | $9.28M | $1.21M | $1.58M | $10.05M | — |
| Interest expense | $396509.00 | $430048.00 | $343107.00 | $212192.00 | $155748.00 | $136067.00 | $134828.00 | $132026.00 | $116229.00 | $103086.00 | $162529.00 | $184000.00 | $176000.00 | $179000.00 | $217000.00 | $190000.00 | $260000.00 | $255000.00 | $231000.00 | $225000.00 |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-815812.00 | $1.25M | $420993.00 | $1.81M | $2.41M | $-351680.00 | $376691.00 | $691502.00 | $-804838.00 | $1.04M | $2.84M | $2.68M | $1.69M | $1.95M | $2.67M | $7.57M | $800000.00 | $795000.00 | $7.67M | $12.51M |
| Net income growth (YoY) | — | +253.5% | -66.4% | +329.7% | +33.3% | -114.6% | +207.1% | +83.6% | -216.4% | +229.8% | +171.5% | -5.3% | -37.1% | +15.5% | +36.7% | +184.1% | -89.4% | -0.6% | +865.4% | +62.9% |
| Profit margin | -2.8% | 4.0% | 1.4% | 6.1% | 7.6% | -1.3% | 1.5% | 2.5% | -3.6% | 3.6% | 7.1% | 6.4% | 4.2% | 4.2% | 6.1% | 14.9% | 1.6% | 1.3% | 9.8% | 13.4% |