Smith-Midland Corporation (SMID)

Smith-Midland Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	93.45	78.51	59.58	50.13	50.64
Revenue Growth (YoY)	19.03%	31.77%	18.85%	-1.01%	15.46%
Cost of Revenue	67.41	58.5	48.93	40.66	36.22
Gross Profit	26.04	20.01	10.65	9.47	14.42
Selling, General & Admin	9.04	10.11	9.53	8.62	8.25
Total Operating Expenses	9.04	10.11	9.53	8.62	8.25
Operating Income	16.99	9.9	1.12	0.85	6.17
Interest Income	0.17	0.05	0.02	0.01	0.04
Interest Expense	-0.23	-0.23	-0.26	-0.26	-0.19
Other Non-Operating Income (Expense)	0.02	0.02	0.35	0.11	3.08
Total Non-Operating Income (Expense)	-0.04	-0.17	0.12	-0.14	2.93
Pretax Income	17.03	9.82	1.32	0.95	9.09
Provision for Income Taxes	4.52	2.14	0.53	0.15	1.52
Net Income	12.51	7.68	0.8	0.8	7.57
Net Income to Common	12.51	7.68	0.8	0.8	7.57
Net Income Growth	62.94%	865.41%	-0.63%	-89.43%	184.05%
Shares Outstanding (Basic)	5	5	5	5	5
Shares Outstanding (Diluted)	5	5	5	5	5
Shares Change (YoY)	0.30%	-0.06%	0.74%	0.62%	-0.09%
EPS (Basic)	2.36	1.45	0.15	0.15	1.45
EPS (Diluted)	2.36	1.45	0.15	0.15	1.45
EPS Growth	62.76%	866.67%	-1.51%	-89.50%	184.31%
Shares Outstanding	5.31	5.3	5.31	5.26	5.23
Free Cash Flow	4.96	-1.05	2.72	-9.08	3.76
Free Cash Flow Growth	-	-	-	-	-22.65%
Free Cash Flow Per Share	0.94	-0.20	0.51	-1.73	0.72
Gross Margin	27.86%	25.49%	17.88%	18.89%	28.47%
Operating Margin	18.19%	12.61%	1.88%	1.70%	12.18%
Profit Margin	13.38%	9.78%	1.33%	1.60%	14.95%
FCF Margin	5.31%	-1.33%	4.57%	-18.12%	7.42%
EBITDA	19.88	12.56	3.52	3.74	8.84
EBITDA Margin	21.28%	16.00%	5.90%	7.45%	17.45%
EBIT	16.99	9.9	1.12	0.85	6.17
EBIT Margin	18.19%	12.61%	1.88%	1.70%	12.18%
Effective Tax Rate	26.55%	21.83%	39.91%	15.34%	16.76%

Updated Apr 14, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q