# Smith-Midland Corporation (SMID)

**Exchange:** NASDAQ  
**Sector:** Basic Materials  
**Market cap:** $156M  
**Price:** $29.50 (-8.67%)

> Smith-Midland Corporation is a leading provider of innovative precast concrete products primarily serving the construction industry. Renowned for its pioneering role in the development of saftey and sound walls, Smith-Midland designs, manufactures, and markets a diverse range of products that include architectural precast panels, barriers used on highways, sound barriers, and underground utility products. These precision-engineered solutions benefit infrastructure projects, commercial development, and residential structures by offering enhanced durability, quality, and customizable design possibilities. Furthermore, Smith-Midland’s involvement in both urban and rural infrastructure projects highlights its significant role in shaping sustainable and modern landscapes. Based in Virginia, with a reach extending across the United States, the corporation is instrumental in advancing construction safety and efficiency through its innovative product offerings. Smith-Midland’s position in the market reflects its commitment to quality and engineering excellence, making it a cornerstone in the infrastructure development sector.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $93M | $26M | $17M | $13M | — |
| 2024 | $79M | $20M | $10M | $8M | — |
| 2023 | $60M | $11M | $1M | $795,000 | — |
| 2022 | $50M | $9M | $854,000 | $800,000 | — |
| 2021 | $51M | $14M | $6M | $8M | — |
| 2020 | $44M | $11M | $4M | $3M | — |
| 2019 | $47M | $10M | $3M | $2M | — |
| 2018 | $40M | $10M | $2M | $2M | — |
| 2017 | $42M | $11M | $4M | $3M | — |
| 2016 | $40M | $10M | $4M | $3M | — |
| 2015 | $29M | $7M | $2M | $1M | — |
| 2014 | $22M | $4M | -$1M | -$804,838 | — |
| 2013 | $28M | $7M | $1M | $691,502 | — |
| 2012 | $25M | $5M | $687,762 | $376,691 | — |
| 2011 | $27M | $5M | -$364,836 | -$351,680 | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $88M | $33M | $54M | — | — |
| 2024 | $68M | $26M | $42M | — | — |
| 2023 | $61M | $27M | $34M | — | — |
| 2022 | $54M | $21M | $33M | — | — |
| 2021 | $53M | $22M | $32M | $13M | — |
| 2020 | $46M | $23M | $24M | $9M | — |
| 2019 | $42M | $21M | $21M | — | — |
| 2018 | $41M | $23M | $19M | — | — |
| 2017 | $29M | $12M | $17M | $3M | — |
| 2016 | $23M | $9M | $14M | $4M | — |
| 2015 | $19M | $7M | $11M | $4M | — |
| 2014 | $16M | $6M | $10M | $2M | — |
| 2013 | $19M | $7M | $11M | $3M | — |
| 2012 | $17M | $6M | $11M | $4M | — |
| 2011 | $18M | $7M | $11M | $2M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $14M | $9M | $5M |
| 2024 | $5M | $6M | -$1M |
| 2023 | $8M | $5M | $3M |
| 2022 | -$6M | $3M | -$9M |
| 2021 | $9M | $5M | $4M |
| 2020 | $7M | $3M | $5M |
| 2019 | $4M | $5M | -$581,000 |
| 2018 | $8M | $5M | $3M |
| 2017 | $3M | $3M | $185,000 |
| 2016 | $4M | $4M | $250,000 |
| 2015 | $18,890 | $2M | -$2M |
| 2014 | $1M | $465,826 | $960,525 |
| 2013 | $819,846 | $908,609 | -$88,763 |
| 2012 | $3M | $110,275 | $3M |
| 2011 | -$83,106 | $742,735 | -$825,841 |

Source: [CompaniesByCap](https://companiesbycap.com/company/SMID)