SMIDNasdaqConcrete Products, Except Block & BrickFiscal year ends December 31

SMITH MIDLAND CORP

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 14, 2026

$22.05−0.60 (-2.65%)

Close on Oct 19, 2026

Market cap: $117.02M
P/E (TTM): 9.3
Dividend yield: –

SMITH MIDLAND CORP income statement

Annual Quarterly TTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31
Revenue	93	79	60	50	51	44	47	40	42	40	29	22	28	25	27
Cost of Revenue	67	58	49	41	36	33	37	30	30	30	22	19	21	19	22
Gross Profit	26	20	11	9.47	14	11	9.97	10	11	10	7.11	3.85	6.57	5.45	4.60
Selling, General & Admin	–	–	9.53	8.62	8.25	7.28	7.42	8.27	7.75	6.01	5.53	5.20	5.41	4.87	5.21
Selling & Marketing	–	–	3.54	3.06	2.84	2.29	2.54	2.60	2.50	2.12	2.17	2.22	2.32	2.21	2.34
General & Administrative	5.67	6.55	5.99	5.55	5.42	4.99	4.89	5.68	5.25	3.89	3.37	2.98	3.09	2.66	2.87
Advertising Expenses	0.31	0.37	0.49	0.42	0.46	0.46	0.39	0.38	0.40	0.40	0.40	0.51	0.53	0.40	0.35
Operating Expenses	9.04	10	9.53	8.62	8.25	7.28	7.42	8.27	7.75	6.01	5.53	5.20	5.41	4.87	5.21
Operating Income	17	9.90	1.12	0.85	6.17	3.76	2.55	2.22	3.72	4.34	1.58	-1.19	1.28	0.69	-0.36
Interest Expense	0.23	0.23	0.26	0.26	0.19	0.22	0.18	0.18	0.18	0.16	0.10	0.12	0.13	0.13	0.14
Interest & Investment Income	0.17	0.05	–	–	–	–	–	–	–	–	–	–	–	–	–
Other Non-Operating Income	0.03	-0.08	0.21	0.09	2.93	0.03	-0.05	0.04	0.03	-0.04	0.02	–	–	–	–
Gain (Loss) on Sale of Assets	0.02	0.02	0.35	0.11	-0.31	-0.13	0.05	0.13	0.05	0.03	0.02	0.00	0.06	0.11	0.08
Pretax Income	17	9.82	1.32	0.95	9.09	3.79	2.50	2.26	3.74	4.30	1.60	-1.30	1.08	0.56	-0.49
Income Tax Expense	4.52	2.14	0.53	0.15	1.52	1.13	0.55	0.57	1.06	1.46	0.56	-0.50	0.39	0.18	-0.14
Net Income incl. Noncontrolling Interests	13	7.68	0.80	–	–	–	–	–	–	–	–	–	–	–	–
Net Income	13	7.68	0.80	0.80	7.57	2.67	1.95	1.69	2.68	2.84	1.04	-0.80	0.69	0.38	-0.35
Net Income to Common	13	7.68	0.80	0.80	7.57	2.67	1.96	1.69	2.68	–	–	-0.80	0.69	0.38	-0.35
EPS (Basic)(per share)	2.36	1.45	0.15	0.15	1.45	0.51	0.38	0.33	0.53	0.57	0.21	-0.16	0.14	0.08	-0.07
EPS (Diluted)(per share)	2.36	1.45	0.15	0.15	1.45	0.51	0.38	0.33	0.53	0.56	0.21	-0.16	0.14	0.08	-0.07
Shares Outstanding (Basic, Weighted)(shares)	5.31	5.29	5.26	5.23	0.01	5.19	0.01	0.01	0.01	4.93	4.90	4.88	4.84	4.83	4.79
Shares Outstanding (Diluted, Weighted)(shares)	5.31	5.29	5.29	5.25	0.01	5.19	0.01	0.01	0.01	5.07	4.95	4.88	4.88	4.87	4.79
EBITDA	20	13	3.52	3.74	9.06	6.17	4.34	3.46	4.64	5.16	2.24	-0.56	1.91	1.36	0.35

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: 23.5%
Operating margin: 12.1%
Net margin: 8.6%
Return on equity, FY2025: 26.0%

Financial strength

Current ratio: 4.06
Debt to equity: 0.06
Debt to assets: 4.0%
Cash to current liabilities: 93.9%

Valuation

P/E ratio: 9.3
Price to sales: 1.31
Price to book: 2.05
Dividend yield: –