Smith-Midland Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	88.87	78.51	59.58	50.13	50.64	43.86
Revenue Growth (YoY)	16.37%	31.77%	18.85%	-1.01%	15.46%	-6.06%
Cost of Revenue	63.96	58.5	48.93	40.66	36.22	32.82
Gross Profit	24.91	20.01	10.65	9.47	14.42	11.04
Selling, General & Admin	9.28	10.11	9.53	8.62	8.25	7.28
Total Operating Expenses	9.28	10.11	9.53	8.62	8.25	7.28
Operating Income	15.63	9.9	1.12	0.85	6.17	3.76
Interest Income	0.1	0.05	0.02	0.01	0.04	0.04
Interest Expense	-0.22	-0.23	-0.26	-0.26	-0.19	-0.22
Other Non-Operating Income (Expense)	0.04	0.02	0.35	0.11	3.08	0.22
Total Non-Operating Income (Expense)	-0.09	-0.17	0.12	-0.14	2.93	0.03
Pretax Income	15.56	9.82	1.32	0.95	9.09	3.79
Provision for Income Taxes	3.79	2.14	0.53	0.15	1.52	1.13
Net Income	11.77	7.68	0.8	0.8	7.57	2.67
Net Income to Common	11.77	7.68	0.8	0.8	7.57	2.67
Net Income Growth	80.88%	865.41%	-0.63%	-89.43%	184.05%	36.74%
Shares Outstanding (Basic)	5	5	5	5	5	5
Shares Outstanding (Diluted)	5	5	5	5	5	5
Shares Change (YoY)	-0.21%	-0.06%	0.74%	0.04%	1.00%	1.01%
EPS (Basic)	2.23	1.45	0.15	0.15	1.45	0.51
EPS (Diluted)	2.22	1.45	0.15	0.15	1.45	0.51
EPS Growth	83.47%	866.67%	-	-89.66%	184.31%	34.21%
Free Cash Flow	5.03	-1.05	2.72	-9.08	3.76	4.86
Free Cash Flow Growth	-	-	-	-	-22.65%	-
Free Cash Flow Per Share	0.95	-0.20	0.51	-1.73	0.72	0.93
Gross Margin	28.03%	25.49%	17.88%	18.89%	28.47%	25.17%
Operating Margin	17.58%	12.61%	1.88%	1.70%	12.18%	8.57%
Profit Margin	13.25%	9.78%	1.33%	1.60%	14.95%	6.08%
FCF Margin	5.66%	-1.33%	4.57%	-18.12%	7.42%	11.08%
EBITDA	18.21	12.56	3.52	3.74	8.84	6.17
EBITDA Margin	20.49%	16.00%	5.90%	7.45%	17.45%	14.07%
EBIT	15.63	9.9	1.12	0.85	6.17	3.76
EBIT Margin	17.58%	12.61%	1.88%	1.70%	12.18%	8.57%
Effective Tax Rate	19.02%	21.83%	39.91%	15.34%	16.76%	29.72%

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

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