Smith-Midland Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	92.32	93.45	78.51	59.58	50.13	50.64
Revenue Growth (YoY)	9.32%	19.03%	31.77%	18.85%	-1.01%	15.46%
Cost of Revenue	68.95	67.41	58.5	48.93	40.66	36.22
Gross Profit	23.37	26.04	20.01	10.65	9.47	14.42
Selling, General & Admin	9.03	9.04	10.11	9.53	8.62	8.25
Total Operating Expenses	9.03	9.04	10.11	9.53	8.62	8.25
Operating Income	14.34	16.99	9.9	1.12	0.85	6.17
Interest Income	0.22	0.17	0.05	0.02	0.01	0.04
Interest Expense	-0.22	-0.23	-0.23	-0.26	-0.26	-0.19
Other Non-Operating Income (Expense)	0.06	0.02	0.02	0.35	0.11	3.08
Total Non-Operating Income (Expense)	0.06	-0.04	-0.17	0.12	-0.14	2.93
Pretax Income	14.44	17.03	9.82	1.32	0.95	9.09
Provision for Income Taxes	3.92	4.52	2.14	0.53	0.15	1.52
Net Income	10.52	12.51	7.68	0.8	0.8	7.57
Net Income to Common	10.52	12.51	7.68	0.8	0.8	7.57
Net Income Growth	6.73%	62.94%	865.41%	-0.63%	-89.43%	184.05%
Shares Outstanding (Basic)	5	5	5	5	5	5
Shares Outstanding (Diluted)	5	5	5	5	5	5
Shares Change (YoY)	-0.07%	0.30%	-0.06%	0.74%	0.62%	-0.09%
EPS (Basic)	1.98	2.36	1.45	0.15	0.15	1.45
EPS (Diluted)	1.98	2.36	1.45	0.15	0.15	1.45
EPS Growth	7.61%	62.76%	866.67%	-1.51%	-89.50%	184.31%
Free Cash Flow	4.84	4.96	-1.05	2.72	-9.08	3.76
Free Cash Flow Growth	-2.46%	-	-	-	-	-22.65%
Free Cash Flow Per Share	0.91	0.94	-0.20	0.51	-1.73	0.72
Gross Margin	25.31%	27.86%	25.49%	17.88%	18.89%	28.47%
Operating Margin	15.53%	18.19%	12.61%	1.88%	1.70%	12.18%
Profit Margin	11.39%	13.38%	9.78%	1.33%	1.60%	14.95%
FCF Margin	5.24%	5.31%	-1.33%	4.57%	-18.12%	7.42%
EBITDA	17.5	19.88	12.56	3.52	3.74	8.84
EBITDA Margin	18.96%	21.28%	16.00%	5.90%	7.45%	17.45%
EBIT	14.34	16.99	9.9	1.12	0.85	6.17
EBIT Margin	15.53%	18.19%	12.61%	1.88%	1.70%	12.18%
Effective Tax Rate	27.16%	26.55%	21.83%	39.91%	15.34%	16.76%

SEC Filings: 10-K · 10-Q