SMITH MIDLAND CORP
SMITH MIDLAND CORP
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Financial Statements
Values in Millions ($) | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 11 | 13 | 12 | 13 | 7 | 9 | 8 | 9 | 0 | 7 | 9 | 6 | |||||
Accounts Receivable Net | |||||||||||||||||
Cash | - | - | - | - | - | - | - | - | - | - | - | 6 | |||||
Accounts Receivable Net Current | 23 | 28 | 27 | 25 | 0 | 23 | 19 | 18 | 17 | 20 | 17 | 17 | |||||
Accounts Receivable Gross Current | - | - | - | - | - | - | - | - | - | - | 17 | - | |||||
Unbilled Receivables Current | 2 | 2 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Inventory Net | |||||||||||||||||
Inventory Raw Materials | 2 | 2 | 2 | 2 | 0 | 2 | 2 | 2 | 3 | 3 | 2 | 2 | |||||
Inventory Finished Goods | 7 | 5 | 5 | 5 | 0 | 5 | 5 | 4 | 4 | 4 | 3 | 2 | |||||
Prepaid Expense Current | 1 | 1 | 2 | 2 | 0 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | |||||
Income Taxes Receivable | - | - | - | - | - | - | - | - | - | - | - | 0 | |||||
Assets Current | 46 | 52 | 49 | 50 | 0 | 42 | 36 | 35 | 34 | 36 | 33 | 30 | |||||
Prepaid Taxes | - | - | - | - | - | - | - | - | - | - | 0 | - | |||||
Property Plant And Equipment Net | 40 | 40 | 38 | 35 | 0 | 33 | 32 | 31 | 30 | 29 | 28 | 27 | |||||
Other Assets | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Assets | 87 | 92 | 88 | 85 | 0 | 75 | 68 | 67 | 64 | 65 | 61 | 58 | |||||
Liabilities Current | |||||||||||||||||
Liabilities And Stockhold… | |||||||||||||||||
Accounts Payable Current | - | 8 | 5 | 6 | 0 | 6 | 5 | 5 | 5 | 7 | 7 | 5 | |||||
Accrued Liabilities Current | 2 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 1 | 1 | |||||
Deferred Revenue Current | 2 | 1 | 1 | 4 | 0 | 4 | 4 | 3 | 3 | 3 | 3 | 2 | |||||
Employee Related Liabilities Current | - | - | - | - | - | - | - | - | - | - | - | 1 | |||||
Accrued Bonuses Current | - | - | - | 2 | 0 | 1 | - | - | - | - | - | - | |||||
Accrued Income Taxes Current | - | - | - | 3 | 0 | 3 | - | - | - | - | - | - | |||||
Accrued Income Taxes | - | 2 | 2 | - | - | - | 2 | 0 | 1 | 1 | 0 | 0 | |||||
Operating Lease Liability Current | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Notes Payable Current | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Operating Lease Liability | - | - | - | - | - | - | - | - | - | - | 0 | - | |||||
Customer Deposits Current | 1 | 2 | 2 | 3 | 0 | 2 | 2 | 1 | 3 | 3 | 3 | 2 | |||||
Liabilities Current | 11 | 17 | 14 | 18 | 0 | 17 | 15 | 13 | 15 | 17 | 16 | 13 | |||||
Deferred Revenue Noncurrent | 13 | 15 | 14 | 11 | 0 | 7 | 6 | 7 | 6 | 6 | 4 | 4 | |||||
Operating Lease Liability Noncurrent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Long Term Notes Payable | 3 | 4 | 4 | 4 | 0 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | |||||
Deferred Income Tax Liabilities | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 2 | 2 | 2 | 2 | - | |||||
Liabilities | 30 | 37 | 33 | 33 | 0 | 30 | 26 | 26 | 27 | 30 | 27 | 24 | |||||
Deferred Income Tax Liabilities Net | - | - | - | - | - | - | - | - | - | - | 2 | 2 | |||||
Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Additional Paid In Capital | 8 | 8 | 8 | 8 | 0 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | |||||
Treasury Stock Common Value | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | - | |||||
Retained Earnings Accumulated Deficit | 49 | 48 | 47 | 44 | 0 | 37 | 34 | 33 | 30 | 28 | 26 | 26 | |||||
Treasury Stock Value | - | - | - | - | - | - | - | - | - | - | -0 | - | |||||
Stockholders Equity | 57 | 56 | 54 | - | 49 | 45 | 42 | 40 | 0 | 35 | 34 | 34 | |||||
Liabilities And Stockholders Equity | 87 | 92 | 88 | 85 | 0 | 75 | 68 | 67 | 64 | 65 | 61 | 58 | |||||
Allowance For Doubtful Accounts Receivable | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Stockholders Equity Note | |||||||||||||||||
Stockholders Equity | |||||||||||||||||
Preferred Stock Par Or Stated Value Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |||||
Preferred Stock Shares Authorized | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Preferred Stock Shares Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Par Or Stated Value Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |||||
Common Stock Shares Authorized | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | |||||
Common Stock Shares Issued | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | |||||
Shares Outstanding | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | |||||
Treasury Stock Common Shares | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | 0 | |||||
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Interactive Financial Visualizations
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.68% | -3.53% | - | - | - | - | - | - | - | - | - | - |
| 2025 | -0.51% | 21.30% | 0.87% | -1.81% | -15.10% | -14.35% | -9.87% | -1.08% | -7.28% | 8.51% | -6.74% | -7.39% |
| 2024 | -22.62% | -1.26% | 3.86% | 7.05% | 14.46% | 19.89% | 43.70% | 29.68% | 17.39% | -1.20% | 24.36% | 40.71% |
| 2023 | - | - | - | 3.64% | 67.79% | 102.56% | 44.65% | 74.62% | 81.21% | 4.09% | -14.64% | -17.31% |
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Performance and Valuation Metrics
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Metrics | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 4.06 | 3.11 | 3.40 | 2.76 | 2.88 | 2.41 | 2.39 | 2.78 | 2.27 | 2.05 | 2.08 | 2.31 | |||||
| Quick Ratio | 3.38 | 2.71 | 2.93 | 2.37 | 2.47 | 2.04 | 2.03 | 2.38 | 1.89 | 1.75 | 1.83 | 2.04 | |||||
| Working Capital | 34.73M | 35.04M | 34.42M | 31.78M | 30.96K | 24.32M | 20.84M | 22.39M | 18.83M | 18.30M | 17.31M | 16.97M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 0.52 | 0.66 | 0.62 | 0.64 | 0.00 | 0.66 | 0.63 | 0.65 | 722.50 | 0.84 | 0.80 | 0.70 | |||||
| Interest Coverage TTM | 48.88 | 66.06 | 75.53 | 66.31 | 63.53 | 56.54 | 42.85 | 32.96 | 19.01 | 10.25 | 4.38 | 1.90 | |||||
| Debt Ratio | 0.34 | 0.40 | 0.38 | 0.39 | 0.39 | 0.40 | 0.39 | 0.39 | 0.42 | 0.46 | 0.44 | 0.41 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 2.06 | 1.11 | 1.20 | 1.17 | 2.84 | 1.21 | 1.21 | 1.23 | 1.14 | 1.05 | 1.03 | 1.03 | |||||
| Days Sales Outstanding TTM | 46.52 | 100.68 | 91.10 | 88.89 | 34.51 | 92.78 | 85.15 | 82.84 | 89.96 | 109.00 | 102.41 | 94.98 | |||||
| Receivables Turnover TTM | 7.85 | 3.63 | 4.01 | 4.11 | 10.58 | 3.93 | 4.29 | 4.41 | 4.06 | 3.35 | 3.56 | 3.84 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 1.46 | 1.98 | - | 2.59 | 2.64 | 1.86 | - | 0.85 | 0.50 | 0.35 | - | 0.11 | |||||
| Free Cash Flow Per Share TTM | 0.78 | 0.91 | 0.93 | 0.95 | -0.22 | -0.08 | -0.87 | 0.01 | 0.19 | 0.54 | 0.51 | -0.89 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 23.46% | 25.31% | 27.86% | 33.80% | 33.91% | 27.32% | 25.49% | 17.83% | 15.51% | 19.52% | 17.88% | 17.40% | |||||
| Operating Profit Margin TTM | 12.07% | 15.53% | 18.19% | 20.59% | 20.10% | 15.13% | 12.61% | 7.73% | 5.20% | 4.05% | 1.88% | 0.87% | |||||
| Net Profit Margin TTM | 8.63% | 11.39% | 13.38% | 15.47% | 15.41% | 11.67% | 9.78% | 5.93% | 3.87% | 2.93% | 1.33% | 0.98% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | -1.65% | 9.32% | 19.03% | 16.37% | 32.97% | 33.00% | 31.77% | 32.40% | 26.77% | 20.85% | 18.85% | 26.32% | |||||
| Net Income Growth (1Y) | -44.89% | 6.73% | 62.94% | 203.56% | 430.01% | 429.27% | 865.41% | 697.53% | -481.82% | 86.39% | -0.62% | -30.73% | |||||
| EPS Growth (1Y) | -45.34% | 6.67% | 62.92% | 203.50% | 431.71% | 429.77% | 865.96% | 690.31% | -477.08% | 84.53% | -0.71% | -31.06% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 20.07 | 16.41 | 15.54 | 14.24 | 12.70 | 16.72 | 30.97 | 39.10 | 55.69 | 133.95 | 265.80 | 175.91 | |||||
| P/B TTM | 2.72 | 3.10 | 3.58 | 3.76 | 3.62 | 3.66 | 5.70 | 4.39 | 3,963.37 | 7.06 | 6.19 | 2.95 | |||||
| P/S TTM | 1.73 | 1.87 | 2.08 | 2.20 | 1.96 | 1.95 | 3.03 | 2.32 | 2.15 | 3.93 | 3.55 | 1.73 | |||||
| Market Cap | 155.09M | 172.64M | 194.33M | 195.75M | 178.04M | 164.80M | 237.71M | 177.10M | 147.37M | 249.42M | 211.31M | 99.92M | |||||
| Enterprise Value | 148.56M | 163.70M | 186.89M | 186.97M | 170.94M | 160.72M | 235.25M | 173.37M | 152.77M | 248.19M | 207.86M | 99.95M | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 4.17M | 4.84M | 4.96M | 5.03M | -1.16M | -433.99K | -4.63M | 67.01K | 1.03M | 2.87M | 2.72M | -4.66M | |||||
| Net Debt | -6.53M | -8.94M | -7.44M | -8.79M | -7.10M | -4.08M | -2.45M | -3.73M | 5.40M | -1.23M | -3.45M | 38.00K | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
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| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
SMITH MIDLAND CORP (SMID) — SEC Financial Statements & Analysis
SMITH MIDLAND CORP (SMID) is a concrete products, except block & brick company, incorporated in DE. SMITH MIDLAND CORP trades on Nasdaq as: SMID. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), SMITH MIDLAND CORP reported a -1.65% year-over-year revenue growth, a Gross Profit Margin of 23.46% (TTM), a Debt-to-Equity ratio of 0.52x, a Price-to-Sales (P/S) ratio of 1.73x (TTM), a Price-to-Book (P/B) ratio of 2.72x (TTM), at a market cap of $155.09M. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- -1.65%
- Gross Profit Margin TTM
- 23.46%
- Debt To Equity
- 0.52x
- P/S TTM
- 1.73x
- P/B TTM
- 2.72x
- Market Cap
- $155.09M
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is SMITH MIDLAND CORP in?
SMITH MIDLAND CORP (SMID) operates in the Concrete Products, Except Block & Brick industry.
What is SMID's market cap?
SMITH MIDLAND CORP (SMID) has a market capitalization of $155.09M as of 2026-06-30.
What is SMID's P/E ratio?
SMITH MIDLAND CORP (SMID)'s trailing twelve month P/E ratio is 20.07x as of 2026-06-30.
What exchange does SMID trade on?
SMITH MIDLAND CORP (SMID) trades on the Nasdaq.
Where is SMITH MIDLAND CORP incorporated?
SMITH MIDLAND CORP is incorporated in DE.