Smith-Midland Corporation (SMID)

Smith-Midland Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	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
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 Expense	-0.22	-0.23	-0.26	-0.26	-0.19	-0.22
Interest & Investment Income	0.1	0.05	0.02	0.01	0.04	0.04
Other Non Operating Income (Expenses)	0.05	0.08	0.09	0.23	0.07	0.08
EBT Excluding Unusual Items	15.56	9.8	0.98	0.84	6.09	3.66
Gain (Loss) on Sale of Assets	-	0.02	0.35	0.11	0.32	0.13
Other Unusual Items	-	-	-	-	2.69	-
Pretax Income	15.56	9.82	1.32	0.95	9.09	3.79
Income Tax Expense	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)	0.40%	-0.06%	0.74%	0.40%	0.87%	0.78%
EPS (Basic)	2.22	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	81.92%	866.67%	-	-89.66%	184.31%	34.55%
Free Cash Flow	5.03	-1.05	2.72	-9.08	3.76	4.86
Free Cash Flow Per Share	0.95	-0.20	0.51	-1.73	0.72	0.94
Gross Margin	28.03%	25.49%	17.88%	18.89%	28.47%	25.17%
Operating Margin	17.59%	12.61%	1.88%	1.70%	12.18%	8.57%
Profit Margin	13.25%	9.78%	1.33%	1.60%	14.95%	6.08%
Free Cash Flow 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%
D&A For EBITDA	2.58	2.66	2.4	2.88	2.67	2.41
EBIT	15.63	9.9	1.12	0.85	6.17	3.76
EBIT Margin	17.59%	12.61%	1.88%	1.70%	12.18%	8.57%
Effective Tax Rate	24.33%	21.83%	39.91%	15.34%	16.76%	29.72%
Revenue as Reported	88.87	78.51	59.58	50.13	50.64	43.86
Advertising Expenses	-	0.37	0.49	0.42	0.46	0.38

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q