SMITH MIDLAND CORP (SMID)
Q2-CY2026Q1-CY2026Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014
Balance Sheet Date2025-Dec-312025-Sep-302025-Jun-302025-Mar-312024-Dec-312024-Sep-302024-Jun-302024-Mar-312023-Dec-312023-Sep-302023-Jun-302023-Mar-312022-Dec-312022-Sep-302022-Jun-302022-Mar-312021-Dec-312021-Sep-302021-Jun-302021-Mar-312020-Dec-312020-Sep-302020-Jun-302020-Mar-312019-Dec-312019-Sep-302019-Jun-302019-Mar-312018-Dec-312018-Sep-302018-Jun-302018-Mar-312017-Dec-312017-Sep-302017-Jun-302017-Mar-312016-Dec-312016-Sep-302016-Jun-302016-Mar-312015-Dec-312015-Sep-302015-Jun-302015-Mar-312014-Dec-312014-Sep-302014-Jun-30
Fiscal PeriodQ4-FY2025Q3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016Q1-FY2016Q4-FY2015Q3-FY2015Q2-FY2015Q1-FY2015Q4-FY2014Q3-FY2014Q2-FY2014
Total Revenue23,111,000$21,451,000$26,186,000$22,698,000$18,531,000$23,582,000$19,639,000$16,756,000$16,389,000$15,651,000$14,698,000$12,842,000$14,487,000$11,956,000$13,253,000$10,435,000$10,017,000$13,100,000$12,307,000$15,218,000$11,073,000$12,515,000$10,450,000$9,825,000$12,442,000$13,209,000$10,852,000$10,189,000$11,718,000$9,544,000$9,833,000$9,125,000$10,010,901$11,481,000$10,728,053$9,497,242$9,958,896$9,497,000$9,640,019$8,055,084$7,703,132$10,403,417$6,897,565$4,200,125$4,430,018$5,975,095$6,428,316$
QoQ%7.74%(18.08%)15.37%22.49%(21.42%)20.08%17.21%2.24%4.72%6.48%14.45%(11.36%)21.17%(9.79%)27.01%4.17%(23.53%)6.44%(19.13%)37.43%(11.52%)19.76%6.36%(21.03%)(5.81%)21.72%6.51%(13.05%)22.78%(2.94%)7.76%(8.85%)(12.81%)7.02%12.96%(4.64%)4.86%(1.48%)19.68%4.57%(25.96%)50.83%64.22%(5.19%)(25.86%)(7.05%)14.03%
YoY%24.72%(9.04%)33.34%35.46%13.07%50.67%33.62%30.48%13.13%30.91%10.90%23.07%44.62%(8.73%)7.69%(31.43%)(9.54%)4.67%17.77%54.89%(11.00%)(5.25%)(3.70%)(3.57%)6.18%38.40%10.36%11.66%17.05%(16.87%)(8.34%)(3.92%).52%20.89%11.29%17.90%29.28%(8.71%)39.76%91.78%73.89%74.11%7.30%(25.50%)(43.03%)(13.48%)4.79%
Cost Of Revenue17,593,000$15,692,000$26,178,214$15,723,000$14,145,000$17,004,000$19,633,867$12,845,000$13,266,000$12,074,000$12,912,000$10,676,000$11,979,000$9,874,000$10,023,000$8,787,000$7,834,000$9,898,000$8,993,000$9,496,000$7,849,000$8,674,000$8,073,000$8,225,000$9,444,000$10,616,000$8,696,000$7,967,000$8,222,000$6,951,000$6,857,000$7,534,000$7,891,901$8,303,000$7,851,053$6,180,954$7,079,195$6,181,000$7,571,093$6,777,091$5,913,242$7,280,467$5,229,992$3,670,133$4,240,034$4,454,689$5,022,910$
Gross Profit5,518,000$5,759,000$7,786$6,975,000$4,386,000$6,578,000$5,133$3,911,000$3,123,000$3,577,000$1,786,000$2,166,000$2,508,000$2,082,000$3,230,000$1,648,000$2,183,000$3,202,000$3,314,000$5,722,000$3,224,000$3,841,000$2,377,000$1,600,000$2,998,000$2,593,000$2,156,000$2,222,000$3,496,000$2,593,000$2,976,000$1,591,000$2,119,000$3,178,000$2,877,000$3,316,288$2,879,701$3,316,000$2,068,926$1,277,993$1,789,890$3,122,950$1,667,573$529,992$189,984$1,520,406$1,405,406$
Gross Margin23.88%26.85%.03%30.73%23.67%27.89%.03%23.34%19.06%22.86%12.15%16.87%17.31%17.41%24.37%15.79%21.79%24.44%26.93%37.60%29.12%30.69%22.75%16.29%24.10%19.63%19.87%21.81%29.83%27.17%30.27%17.44%21.17%27.68%26.82%34.92%28.92%34.92%21.46%15.87%23.24%30.02%24.18%12.62%4.29%25.45%21.86%
Operating Expenses2,283,000$1,905,000$2,268$2,588,000$2,518,000$2,730,000$2,460$2,402,000$2,581,000$2,075,000$2,767,000$2,112,000$2,582,000$2,078,000$2,134,000$1,821,000$2,362,000$1,934,000$2,036,000$1,920,000$2,046,000$1,792,000$1,804,000$1,642,000$2,025,000$1,840,000$1,783,000$1,775,000$2,302,000$1,929,000$2,065,000$2,144,000$2,084,000$1,947,000$1,784,000$1,959,849$1,685,100$1,960,000$1,435,312$1,424,617$1,527,260$1,366,428$1,261,117$1,378,721$1,224,692$1,311,041$1,353,820$
Operating Income3,235,000$3,854,000$5,518$4,387,000$1,868,000$3,848,000$2,673$1,509,000$542,000$1,502,000$(981,000$)54,000$(74,000$)4,000$1,096,000$(173,000$)(179,000$)1,268,000$1,278,000$3,802,000$1,178,000$2,049,000$573,000$(42,000$)973,000$753,000$373,000$447,000$1,194,000$664,000$911,000$(553,000$)35,000$1,231,000$1,093,000$1,356,439$1,194,601$1,356,000$633,614$(146,624$)223,372$1,769,597$416,778$(832,868$)(971,501$)216,772$96,284$
Operating Margin14.00%17.97%.02%19.33%10.08%16.32%.01%9.01%3.31%9.60%(6.67%).42%(.51%).03%8.27%(1.66%)(1.79%)9.68%10.38%24.98%10.64%16.37%5.48%(.43%)7.82%5.70%3.44%4.39%10.19%6.96%9.27%(6.06%).35%10.72%10.19%14.28%12.00%14.28%6.57%(1.82%)2.90%17.01%6.04%(19.83%)(21.93%)3.63%1.50%
Interest Income
Interest Expenses64,000$44,000$62$55,000$56,000$56,000$59$60,000$63,000$64,000$64,000$64,000$73,000$69,000$71,000$48,000$45,000$47,000$56,000$42,000$51,000$53,000$57,000$56,000$52,000$43,000$40,000$44,000$41,000$44,000$44,000$46,000$49,000$44,000$45,000$46,427$50,325$46,000$35,580$28,149$74,937$(22,581$)23,737$26,993$28,632$28,993$29,847$
Income Before Tax3,326,000$3,871,000$5,482$4,348,000$1,857,000$3,844,000$2,613$1,504,000$598,000$1,513,000$(892,000$)103,000$(107,000$)(7,000$)1,217,000$(159,000$)(163,000$)4,136,000$1,313,000$3,808,000$1,252,000$2,018,000$571,000$(49,000$)927,000$758,000$374,000$430,000$1,207,000$692,000$916,000$(557,000$)101,000$1,222,000$1,074,000$1,343,201$1,166,545$1,343,000$637,924$(152,777$)304,760$1,762,056$393,857$(859,369$)(998,773$)187,490$67,981$
Tax Expenses1,195,000$994,000$1,311$1,020,000$460,000$694,000$632$357,000$368,000$247,000$(110,000$)23,000$(111,000$)(12,000$)307,000$(40,000$)(187,000$)442,000$328,000$941,000$539,000$469,000$130,000$(11,000$)185,000$179,000$86,000$99,000$310,000$172,000$225,000$(135,000$)(266,000$)474,000$363,000$486,000$352,000$486,000$219,000$(63,000$)620,000$123,000$149,000$(335,000$)(380,000$)75,000$38,000$
Net Income2,131,000$10,367,502$(3,319,502$)3,327,000$1,397,000$6,274,871$(1,143,871$)1,147,000$1,360,000$1,266,000$621,000$80,000$4,000$(1,587,000$)910,000$(119,000$)24,000$(11,398,000$)6,719,000$(2,867,000$)713,000$1,549,000$441,000$(38,000$)742,000$579,000$288,000$340,000$897,000$520,000$692,000$(422,000$)367,000$748,000$711,000$857,000$814,545$857,000$418,924$418,924$171,760$1,152,056$244,857$(524,369$)(618,773$)112,490$29,981$
Profit Margin9.22%48.33%(12.68%)14.66%7.54%26.61%(5.82%)6.85%8.30%8.09%4.23%.62%.03%(13.27%)6.87%(1.14%).24%(87.01%)54.60%(18.84%)6.44%12.38%4.22%(.39%)5.96%4.38%2.65%3.34%7.66%5.45%7.04%(4.63%)3.67%6.52%6.63%9.02%8.18%9.02%4.35%5.20%2.23%11.07%3.55%(12.49%)(13.97%)1.88%.47%
TTM13.38%13.25%8.44%11.67%9.78%10.00%3.84%6.92%5.58%3.42%(1.63%)(1.13%)(1.58%)(1.69%)(22.61%)(10.41%)(14.85%)(13.22%)11.96%(.33%)6.08%5.96%3.75%3.39%4.17%4.58%4.83%5.93%4.19%3.00%3.42%3.40%6.43%7.51%8.16%7.64%6.76%5.35%6.04%6.01%3.58%.98%(3.65%)(4.76%)(3.58%).57%1.15%
Earnings to Minority7,490,502$(7,490,502$)12,556,000$3,124,871$(3,124,871$)1,130,000$1,403,000$(160,000$)(1,592,000$)(238,000$)238,000$4,703,000$(15,092,000$)5,734,000$(5,734,000$)(10,000$)9,000$1,000$
Earnings to Common Shareholders2,131,000$2,877,000$4,171,000$3,327,000$1,397,000$3,150,000$1,981,000$1,147,000$230,000$1,266,000$(782,000$)80,000$4,000$5,000$910,000$(119,000$)24,000$3,694,000$985,000$2,867,000$713,000$1,549,000$441,000$(38,000$)752,000$579,000$288,000$331,000$897,000$520,000$691,000$(422,000$)367,000$748,000$711,000$857,000$814,545$857,000$418,924$418,924$171,760$1,152,056$244,857$(524,369$)(618,773$)112,490$29,981$
QoQ%(25.93%)(31.02%)25.37%138.15%(55.65%)59.01%72.71%398.70%(81.83%)261.89%(1,077.50%)1,900.00%(20.00%)(99.45%)864.71%(595.83%)(99.35%)275.03%(65.64%)302.10%(53.97%)251.25%1,260.53%(105.05%)29.88%101.04%(12.99%)(63.10%)72.50%(24.75%)263.74%(214.99%)(50.94%)5.20%(17.04%)5.21%(4.95%)104.57%.00%143.90%(85.09%)370.50%146.70%15.26%(650.07%)275.20%109.13%
YoY%52.54%(8.67%)110.55%190.06%507.39%148.82%353.33%1,333.75%5,650.00%25,220.00%(185.93%)167.23%(83.33%)(99.87%)(7.61%)(104.15%)(96.63%)138.48%123.36%7,644.74%(5.19%)167.53%53.13%(111.48%)(16.17%)11.35%(58.32%)178.44%144.41%(30.48%)(2.81%)(149.24%)(54.94%)(12.72%)69.72%104.57%374.23%(25.61%)71.09%179.89%127.76%924.14%716.71%(59.61%)(285.57%)(58.63%)113.45%
Earnings Per Share, Basic0.20$542.32$0.79$0.63$0.13$593.89$0.37$0.22$0.02$0.24$(148.78$)0.02$0.00$0.00$0.17$(0.02$)0.00$0.71$0.19$0.55$0.07$0.30$0.09$(7.33$)145.57$112.78$56.10$64.47$177.76$102.36$136.02$(82.52$)(0.02$)0.15$0.14$0.17$0.17$0.17$0.09$0.09$0.04$0.24$0.05$(0.11$)(0.13$)0.02$0.01$
Earnings Per Share, Diluted0.20$542.32$0.79$0.63$0.13$593.89$0.37$0.21$0.02$0.24$(148.78$)0.02$0.00$0.00$0.17$(0.02$)0.00$0.71$0.19$0.55$0.07$0.30$0.09$(7.33$)145.60$112.69$56.00$64.37$177.03$101.98$135.38$(82.52$)(0.02$)0.15$0.14$0.17$0.15$0.17$0.08$0.09$0.03$0.23$0.05$(0.11$)(0.13$)0.02$0.01$
Unlevered FCF Per Share, Basic(0.13$)1,193.61$(0.31$)0.31$(0.12$)345.78$0.48$(0.48$)0.32$0.23$157.34$(0.52$)(0.38$)(0.46$)(0.62$)(0.27$)0.17$0.30$0.16$0.75$0.13$0.62$(0.06$)113.25$(34.65$)(105.57$)(247.37$)274.64$(147.25$)1,255.31$369.49$(251.66$)(0.07$)0.00$(0.34$)0.17$0.54$(0.19$)0.04$(0.34$)0.16$(0.20$)(0.05$)(0.25$)(0.08$)0.30$0.01$
Unlevered FCF Per Share, Diluted(0.13$)1,193.61$(0.31$)0.31$(0.12$)345.78$0.48$(0.48$)0.32$0.23$157.34$(0.51$)(0.38$)(0.46$)(0.62$)(0.27$)0.17$0.30$0.16$0.75$0.13$0.62$(0.06$)113.25$(34.66$)(105.49$)(246.94$)274.21$(146.64$)1,250.64$367.75$(251.66$)(0.07$)0.00$(0.34$)0.17$0.50$(0.19$)0.04$(0.34$)0.16$(0.19$)(0.05$)(0.25$)(0.08$)0.30$0.01$
Average Shares, Basic10,605,6955,3055,305,0005,304,00010,519,6965,3045,322,0005,309,00010,514,7445,256,0005,2565,256,0005,241,0005,231,0005,230,0005,230,000-15,585,1805,202,0005,202,0005,202,00010,366,8175,184,0005,184,0005,1835,1665,1345,1345,1345,0465,0805,0805,114-15,087,7405,054,0005,045,0005,008,9084,887,9045,009,0004,919,5484,919,5484,903,4194,893,5484,892,6864,891,8154,881,5484,881,5484,881,548
Average Shares, Diluted10,604,6955,3055,305,0005,305,00010,477,6965,3045,323,0005,350,00010,574,7445,298,0005,2565,290,0005,230,0005,286,0005,266,0005,230,000-15,609,0725,202,0005,218,0005,210,00010,374,8175,184,0005,184,0005,1835,1655,1385,1435,1425,0675,0995,1045,114-15,225,5325,099,0005,095,0005,051,8485,325,3935,052,0004,967,0594,919,5485,009,7064,945,7454,938,2344,891,8154,790,9284,925,0644,928,652
EBIT3,390,000$3,915,000$5,544$4,403,000$1,913,000$3,900,000$2,672$1,564,000$661,000$1,577,000$(828,000$)167,000$(34,000$)62,000$1,288,000$(111,000$)(118,000$)4,183,000$1,369,000$3,850,000$1,303,000$2,071,000$628,000$7,000$979,000$801,000$414,000$474,000$1,248,000$736,000$960,000$(511,000$)150,000$1,266,000$1,119,000$1,389,628$1,216,870$1,389,000$673,504$(124,628$)379,697$1,739,475$417,594$(832,376$)(970,141$)216,483$97,828$
EBITDA4,362,000$5,828,698$(664,154$)5,074,000$2,581,000$4,602,000$(637,034$)2,205,000$1,265,000$2,196,000$(246,000$)761,000$731,000$62,000$1,985,000$592,000$577,000$4,841,000$2,041,000$4,496,000$1,924,000$2,682,000$1,236,000$579,000$1,451,000$1,249,000$861,000$900,000$1,655,000$1,072,000$1,216,000$(263,000$)382,000$1,500,000$1,354,000$1,614,628$1,467,973$1,577,886$865,387$64,500$548,043$1,905,098$582,340$(663,191$)(808,241$)379,161$258,575$