Smith-Midland Corporation (SMID)

Smith-Midland Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	78.51	59.58	50.13	50.64	43.86
Revenue Growth (YoY)	31.77%	18.85%	-1.01%	15.46%	-6.06%
Cost of Revenue	58.5	48.93	40.66	36.22	32.82
Gross Profit	20.01	10.65	9.47	14.42	11.04
Selling, General & Admin	10.11	9.53	8.62	8.25	7.28
Operating Expenses	10.11	9.53	8.62	8.25	7.28
Operating Income	9.9	1.12	0.85	6.17	3.76
Interest Expense	-0.23	-0.26	-0.26	-0.19	-0.22
Interest & Investment Income	0.05	0.02	0.01	0.04	0.04
Other Non Operating Income (Expenses)	0.08	0.09	0.23	0.07	0.08
EBT Excluding Unusual Items	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	9.82	1.32	0.95	9.09	3.79
Income Tax Expense	2.14	0.53	0.15	1.52	1.13
Net Income	7.68	0.8	0.8	7.57	2.67
Net Income to Common	7.68	0.8	0.8	7.57	2.67
Net Income Growth	865.41%	-0.63%	-89.43%	184.05%	36.74%
Shares Outstanding (Basic)	5	5	5	5	5
Shares Outstanding (Diluted)	5	5	5	5	5
Shares Change (YoY)	-0.06%	0.74%	0.40%	0.87%	0.78%
EPS (Basic)	1.45	0.15	0.15	1.45	0.51
EPS (Diluted)	1.45	0.15	0.15	1.45	0.51
EPS Growth	866.67%	-	-89.66%	184.31%	34.55%
Free Cash Flow	-1.05	2.72	-9.08	3.76	4.86
Free Cash Flow Per Share	-0.20	0.51	-1.73	0.72	0.94
Gross Margin	25.49%	17.88%	18.89%	28.47%	25.17%
Operating Margin	12.61%	1.88%	1.70%	12.18%	8.57%
Profit Margin	9.78%	1.33%	1.60%	14.95%	6.08%
Free Cash Flow Margin	-1.33%	4.57%	-18.12%	7.42%	11.08%
EBITDA	12.56	3.52	3.74	8.84	6.17
EBITDA Margin	16.00%	5.90%	7.45%	17.45%	14.07%
D&A For EBITDA	2.66	2.4	2.88	2.67	2.41
EBIT	9.9	1.12	0.85	6.17	3.76
EBIT Margin	12.61%	1.88%	1.70%	12.18%	8.57%
Effective Tax Rate	21.83%	39.91%	15.34%	16.76%	29.72%
Revenue as Reported	78.51	59.58	50.13	50.64	43.86
Advertising Expenses	0.37	0.49	0.42	0.46	0.38

Updated May 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q