InsiderClue
Stocks · Materials · Concrete Products, Except Block & Brick

SMITH MIDLAND CORP

SMID Clue Score66
United States Fiscal year ends December CIK 0000924719
$22.39 -0.04% Close, 12 Oct 2026
Alert on the numbers Alert on insider trades
Price $22.39 +31.86% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 17 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue40.1Operating income4.3Net income2.8EPS, diluted0.56Fiscal year 2017Revenue41.7 +4.2%Operating income3.7Net income2.7 −5.3%EPS, diluted0.53Fiscal year 2018Revenue40.2 −3.6%Operating income2.2Net income1.7 −37.1%EPS, diluted0.33Fiscal year 2019Revenue46.7 +16.1%Operating income2.5Net income1.9 +15.5%EPS, diluted0.38Fiscal year 2020Revenue43.9 −6.1%Operating income3.8Net income2.7 +36.7%EPS, diluted0.51Fiscal year 2021Revenue50.6 +15.5%Operating income6.2Net income7.6 +184.1%EPS, diluted1.45Fiscal year 2022Revenue50.1 −1.0%Operating income0.9Net income0.8 −89.4%EPS, diluted0.15Fiscal year 2023Revenue59.6 +18.8%Operating income1.1Net income0.8 −0.6%EPS, diluted0.15Fiscal year 2024Revenue78.5 +31.8%Operating income9.9Net income7.7 +865.4%EPS, diluted1.45Fiscal year 2025Revenue93.4 +19.0%Operating income17.0Net income12.5 +62.9%EPS, diluted2.36
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 40.1 41.7 40.2 46.7 43.9 50.6 50.1 59.6 78.5 93.4
Growth +4.2% −3.6% +16.1% −6.1% +15.5% −1.0% +18.8% +31.8% +19.0%
Operating income 4.3 3.7 2.2 2.5 3.8 6.2 0.9 1.1 9.9 17.0
Net income 2.8 2.7 1.7 1.9 2.7 7.6 0.8 0.8 7.7 12.5
Growth −5.3% −37.1% +15.5% +36.7% +184.1% −89.4% −0.6% +865.4% +62.9%
EPS, diluted 0.56 0.53 0.33 0.38 0.51 1.45 0.15 0.15 1.45 2.36

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin25.8%Operating margin10.8%Net margin7.1%Free cash flow margin0.6%Fiscal year 2017Gross margin27.5%Operating margin8.9%Net margin6.4%Free cash flow margin0.4%Fiscal year 2018Gross margin26.1%Operating margin5.5%Net margin4.2%Free cash flow margin8.1%Fiscal year 2019Gross margin21.4%Operating margin5.5%Net margin4.2%Free cash flow margin−1.2%Fiscal year 2020Gross margin25.2%Operating margin8.6%Net margin6.1%Free cash flow margin11.1%Fiscal year 2021Gross margin28.5%Operating margin12.2%Net margin14.9%Free cash flow margin7.4%Fiscal year 2022Gross margin18.9%Operating margin1.7%Net margin1.6%Free cash flow margin−18.1%Fiscal year 2023Gross margin17.9%Operating margin1.9%Net margin1.3%Free cash flow margin4.6%Fiscal year 2024Gross margin25.5%Operating margin12.6%Net margin9.8%Free cash flow margin−1.3%Fiscal year 2025Gross margin27.9%Operating margin18.2%Net margin13.4%Free cash flow margin5.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 25.8% 27.5% 26.1% 21.4% 25.2% 28.5% 18.9% 17.9% 25.5% 27.9%
Operating margin 10.8% 8.9% 5.5% 5.5% 8.6% 12.2% 1.7% 1.9% 12.6% 18.2%
Net margin 7.1% 6.4% 4.2% 4.2% 6.1% 14.9% 1.6% 1.3% 9.8% 13.4%
Free cash flow margin 0.6% 0.4% 8.1% −1.2% 11.1% 7.4% −18.1% 4.6% −1.3% 5.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow4.0Capital expenditure−3.7Free cash flow0.3Dividends paid0.0Fiscal year 2017Operating cash flow2.9Capital expenditure−2.7Free cash flow0.2 −26.0%Dividends paid−0.0Fiscal year 2018Operating cash flow8.5Capital expenditure−5.2Free cash flow3.2 +1,650.3%Dividends paid−0.3Fiscal year 2019Operating cash flow3.9Capital expenditure−4.5Free cash flow−0.6 −117.9%Dividends paid−0.3Fiscal year 2020Operating cash flow7.5Capital expenditure−2.6Free cash flow4.9Dividends paid−0.3Fiscal year 2021Operating cash flow9.1Capital expenditure−5.4Free cash flow3.8 −22.7%Dividends paid0.0Fiscal year 2022Operating cash flow−6.3Capital expenditure−2.7Free cash flow−9.1 −341.6%Fiscal year 2023Operating cash flow7.7Capital expenditure−5.0Free cash flow2.7Fiscal year 2024Operating cash flow5.2Capital expenditure−6.2Free cash flow−1.0 −138.4%Fiscal year 2025Operating cash flow14.3Capital expenditure−9.3Free cash flow5.0
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 4.0 2.9 8.5 3.9 7.5 9.1 −6.3 7.7 5.2 14.3
Capital expenditure −3.7 −2.7 −5.2 −4.5 −2.6 −5.4 −2.7 −5.0 −6.2 −9.3
Free cash flow 0.3 0.2 3.2 −0.6 4.9 3.8 −9.1 2.7 −1.0 5.0
Growth −26.0% +1,650.3% −117.9% −22.7% −341.6% −138.4%
Dividends paid 0.0 −0.0 −0.3 −0.3 −0.3 0.0 n/a n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash3.5Shareholders’ equity14.2Fiscal year 2017Cash3.4Shareholders’ equity17.2Fiscal year 2018Shareholders’ equity18.9Fiscal year 2019Cash1.4Shareholders’ equity20.8Fiscal year 2020Cash8.8Shareholders’ equity23.6Fiscal year 2021Cash13.5Shareholders’ equity31.8Fiscal year 2022Cash6.7Shareholders’ equity33.1Fiscal year 2023Cash9.2Shareholders’ equity34.2Fiscal year 2024Cash7.5Shareholders’ equity41.7Fiscal year 2025Cash11.9Shareholders’ equity54.3
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 3.5 3.4 n/a 1.4 8.8 13.5 6.7 9.2 7.5 11.9
Shareholders’ equity 14.2 17.2 18.9 20.8 23.6 31.8 33.1 34.2 41.7 54.3

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
25.8% 27.5% 26.1% 21.4% 25.2% 28.5% 18.9% 17.9% 25.5% 27.9%
10.8% 8.9% 5.5% 5.5% 8.6% 12.2% 1.7% 1.9% 12.6% 18.2%
10.7% 9.0% 5.6% 5.4% 8.6% 18.0% 1.9% 2.2% 12.5% 18.2%
7.1% 6.4% 4.2% 4.2% 6.1% 14.9% 1.6% 1.3% 9.8% 13.4%
0.6% 0.4% 8.1% −1.2% 11.1% 7.4% −18.1% 4.6% −1.3% 5.3%
Spending
9.7% 12.6% 14.1% 10.5% 11.4% 10.7% 11.1% 10.1% 8.3% 6.1%
9.4% 6.6% 13.0% 9.7% 6.0% 10.6% 5.5% 8.4% 7.9% 10.0%
34.0% 28.3% 25.3% 22.0% 29.7% 16.8% 15.3% 39.9% 21.8% 26.5%
Returns
19.9% 15.6% 8.9% 9.4% 11.3% 23.8% 2.4% 2.3% 18.4% 23.0%
12.1% 9.2% 4.1% 4.6% 5.7% 14.2% 1.5% 1.3% 11.3% 14.3%
Balance and payout
39.2% 41.1% 54.4% 50.6% 49.1% 40.4% 39.1% 44.3% 38.6% 38.1%
0.0% 1.8% 15.2% 14.4% 10.6% 0.0% n/a n/a n/a n/a
0.0% 26.5% 7.9% n/a 5.8% 0.0% n/a n/a n/a n/a