Smith-Midland Corporation logo

Smith-Midland Corporation

SMID

NASDAQBasic MaterialsConstruction Materials

Previous close

$27.69

−$0.17 · -0.61%

Aug 21, 4:00 PM ET

SMID company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

80

Undervalued

Momentum

34

Weakening

Sentiment

58

Mixed

Risk resilience

31

High Risk

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Company profile

Company website

Smith-Midland Corporation, operating through its subsidiaries, specializes in the comprehensive provision of precast concrete solutions. This involves the invention, development, manufacturing, marketing, leasing, licensing, selling, and installation of these products, primarily serving the construction, highway, utilities, and agricultural industries. Among its key offerings is SlenderWall, a patented, lightweight, and energy-efficient concrete-and-steel exterior wall panel designed for building construction. The company also manufactures Sierra Wall, which serves as a sound and sight barrier along highways, as well as for residential, industrial, and commercial areas. J-J Hooks are another product, acting as highway safety barriers crucial for separating traffic lanes in construction zones or for general traffic control on roadways. Additionally, SMC provides Easi-Set precast buildings and Easi-Span expandable precast buildings, ideal for housing communication equipment, traffic control systems, and mechanical or electrical stations. Easi-Set utility vaults are available for containing equipment like cable, telephone, or traffic signals, and for underground storage; custom versions can also be provided to meet specific requirements. Other specialized products include SoftSound panels for highway noise absorption, Beach Prisms erosion control modules used in seawalls and jetties, and H2Out secondary drainage systems for exterior cladding. SMC further extends its reach by licensing its proprietary technologies across several international markets, including Canada, Australia, Belgium, Mexico, New Zealand, and Trinidad. Its products are distributed through both an in-house sales team and independent representatives. The clientele primarily consists of contractors engaged in public and private construction projects—encompassing commercial buildings, roads, airports, and municipal utilities—as well as federal, state, and local transportation authorities. Established in 1960, Smith-Midland Corporation maintains its headquarters in Midland, Virginia.

Industry
Construction Materials
Sector
Basic Materials
Headquarters
US
CEO
Ashley Smith
Listed since
Dec 13, 1995
Employees
184

Market position

Day range

Current $27.69

52-week range

Current $27.69

Open
$27.55
Previous close
$27.86
Volume
12.87K
0.97× average
Average volume
13.29K
Average daily volume
Market cap
146.94M USD
Beta
1.75
Market reference 1
50-day average
$29.0562
-4.70% below average
200-day average
$32.5334
-14.89% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
185.44M USD
P/E (TTM)
19.1×
P/B (TTM)
2.58×
P/S (TTM)
1.64×
EV / EBITDA
9.21×
Earnings yield
6.49%
Free cash flow yield
2.57%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
23.46%
Operating margin
12.07%
Net margin
8.63%
Return on equity
23.03%
Return on assets
14.26%
Return on invested capital
16.85%

Financial health

Debt / equity
0.07×
Current ratio
3.4×
Altman Z-score
5.7
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends31%20%9%-1%Gross margin, FY2021: 28.47%Gross margin, FY2022: 18.89%Gross margin, FY2023: 17.88%Gross margin, FY2024: 25.49%Gross margin, FY2025: 27.86%Operating margin, FY2021: 12.18%Operating margin, FY2022: 1.70%Operating margin, FY2023: 1.88%Operating margin, FY2024: 12.61%Operating margin, FY2025: 18.19%Net margin, FY2021: 14.95%Net margin, FY2022: 1.60%Net margin, FY2023: 1.33%Net margin, FY2024: 9.78%Net margin, FY2025: 13.38%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 28.47%. Gross margin FY2022 18.89%. Gross margin FY2023 17.88%. Gross margin FY2024 25.49%. Gross margin FY2025 27.86%. Operating margin FY2021 12.18%. Operating margin FY2022 1.70%. Operating margin FY2023 1.88%. Operating margin FY2024 12.61%. Operating margin FY2025 18.19%. Net margin FY2021 14.95%. Net margin FY2022 1.60%. Net margin FY2023 1.33%. Net margin FY2024 9.78%. Net margin FY2025 13.38%.

Income trends

Revenue

93.45M USD+19.03%

Operating income

16.99M USD+71.67%

Net income

12.51M USD+62.94%
Income trends across reported periods102.71M USD65.65M USD28.59M USD−8.47M USDRevenue, FY2021: 50.64M USDRevenue, FY2022: 50.13M USDRevenue, FY2023: 59.58M USDRevenue, FY2024: 78.51M USDRevenue, FY2025: 93.45M USDOperating income, FY2021: 6.17M USDOperating income, FY2022: 854K USDOperating income, FY2023: 1.12M USDOperating income, FY2024: 9.9M USDOperating income, FY2025: 16.99M USDNet income, FY2021: 7.57M USDNet income, FY2022: 800K USDNet income, FY2023: 795K USDNet income, FY2024: 7.68M USDNet income, FY2025: 12.51M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 50.64M USD. Revenue FY2022 50.13M USD. Revenue FY2023 59.58M USD. Revenue FY2024 78.51M USD. Revenue FY2025 93.45M USD. Operating income FY2021 6.17M USD. Operating income FY2022 854K USD. Operating income FY2023 1.12M USD. Operating income FY2024 9.9M USD. Operating income FY2025 16.99M USD. Net income FY2021 7.57M USD. Net income FY2022 800K USD. Net income FY2023 795K USD. Net income FY2024 7.68M USD. Net income FY2025 12.51M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue93.45M USD78.51M USD59.58M USD50.13M USD50.64M USD
Cost of goods sold67.41M USD58.5M USD48.93M USD40.66M USD36.22M USD
Gross profit26.04M USD20.01M USD10.65M USD9.47M USD14.42M USD
Selling, general, and administrative9.04M USD10.11M USD9.53M USD8.62M USD8.25M USD
Operating expenses9.04M USD10.11M USD9.53M USD8.62M USD8.25M USD
Interest income166K USD47K USD24K USD14K USD35K USD
Interest expense225K USD231K USD255K USD260K USD190K USD
Depreciation and amortization2.89M USD2.66M USD2.38M USD2.89M USD2.67M USD
Operating income16.99M USD9.9M USD1.12M USD854K USD6.17M USD
Net income12.51M USD7.68M USD795K USD800K USD7.57M USD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.26

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.830.630.420.21Q4 '24Q3 '25Q3 '25Q3 '25Q4 '25Q2 '26Q2 '26Q3 '26
Q4 2024, reported Nov 14, 2024: actual 0.59, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 10, 2025: actual 0.27, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 14, 2025: actual 0.79, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 20, 2025: actual 0.27, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 13, 2025: actual 0.54, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 14, 2026: actual 0.4, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Jun 9, 2026: actual 0.25, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 14, 2026: actual 0.26, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates27.23M23.98M20.73M17.48MQ4 '24No estimateQ3 '25No estimateQ3 '25No estimateQ3 '25MissQ4 '25No estimateQ2 '26No estimateQ2 '26No estimateQ3 '26No estimate
Q4 2024, reported Nov 14, 2024: actual 23.58M USD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 10, 2025: actual 22.7M USD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 14, 2025: actual 26.19M USD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 20, 2025: actual 18.53M USD, estimate 21.45M USD, surprise -13.61%, Miss. Q4 2025, reported Nov 13, 2025: actual 21.45M USD, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 14, 2026: actual 23.11M USD, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Jun 9, 2026: actual 21.57M USD, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 14, 2026: actual 23.36M USD, estimate —, surprise —, Comparison unavailable.

SMID news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.055

2019 complete year+37.5% since 2015

Corporate action history

Dividend

Ex-dividend Dec 19, 2019

$0.055

Special

Record Dec 20, 2019 · Payment Jan 3, 2020

Dividend

Ex-dividend Dec 18, 2018

$0.055

Annual

Record Dec 19, 2018 · Payment Jan 2, 2019

Dividend

Ex-dividend Dec 26, 2017

$0.05

Annual

Dividend

Ex-dividend Dec 28, 2016

$0.01

Annual

Record Dec 30, 2016 · Payment Jan 13, 2017

Dividend

Ex-dividend Dec 16, 2015

$0.04

Annual

Record Dec 18, 2015 · Payment Dec 30, 2015

Dividend

Ex-dividend Dec 23, 2014

$0.035

Annual

Record Dec 17, 2014 · Payment Dec 30, 2014

SMID peers

ETFs holding SMID

Funds reporting this stock among their holdings, ordered by reported position size.

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