Smith-Midland financials
$23.50−2.53%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 |
|---|---|---|---|---|---|---|
| Revenue | $93.4M | $78.5M | $59.6M | $50.1M | $50.6M | $43.9M |
| Gross profit | $26.0M | $20.0M | $10.7M | $9.5M | $14.4M | $11.0M |
| Gross margin | 27.9% | 25.5% | 17.9% | 18.9% | 28.5% | 25.2% |
| Operating income | $17.0M | $9.9M | $1.1M | $854.0K | $6.2M | $3.8M |
| Net income | $12.5M | $7.7M | $795.0K | $800.0K | $7.6M | $2.7M |
| Net margin | 13.4% | 9.8% | 1.3% | 1.6% | 14.9% | 6.1% |
| Diluted EPS | $2.36 | $1.45 | $0.15 | $0.15 | $1.45 | $0.51 |
| EBITDA | $19.9M | $12.6M | $3.2M | $3.7M | $8.8M | $6.2M |
| Operating cash flow | $14.3M | $5.2M | $7.7M | -$6.3M | $9.1M | $7.5M |
| Free cash flow | $5.0M | -$1.0M | $2.7M | -$9.1M | $3.8M | $4.9M |
| Diluted shares | 5.3M | 5.3M | 5.3M | 5.2M | 5.2M | 5.2M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $11.9M | $7.5M | $9.2M | $6.7M | $13.5M | $8.8M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | $1.2M |
| Total debt | $4.4M | $5.1M | $5.7M | $6.3M | $4.1M | $8.8M |
| Total assets | $87.7M | $68.0M | $61.3M | $54.3M | $53.3M | $46.5M |
| Total liabilities | $33.4M | $26.3M | $27.2M | $21.3M | $21.5M | $22.9M |
| Shareholders' equity | $54.3M | $41.7M | $34.2M | $33.1M | $31.8M | $23.6M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology