Smith-Midland Corp. SMID

24.28 0.26 1.08% as of 25 Sep
Market cap
$127.4M
P/E
16.7×
Growth Flags show if company had growth for consecutive years,
Insider Buys alert about insiders buying in the last 12 month

Insider Decisions

Total buys 0.11
Total sells 0.02
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — 2
Sell — 1 — — — — — — — — — —
Insider Ownership 14.08%

Capital & Financial Ratios

Market Cap 127.42
Revenue 89.50
Net Income 7.73
Free Cash Flow 4.19
Net Debt (7.19)
Current Ratio 4.06
Debt/Equity 0.06
P/E ratio 16.74
P/S ratio 1.44
P/B ratio 2.26
Past 5Y EPS Growth 30.69%
This Y EPS Growth —
Next Y EPS Growth —
Next 5Y EPS Growth —
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2020 Powerpack
2019 0.00
0.06
2018 0.00
0.06
2017 0.00
0.05
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 9 8 12 11
Receivables 18 21 28 26
Inventory 5 7 7 9
Other — — — —
33 36 49 46
2023 2024 2025 Q'26
Payables 7 5 5 6
ST’ Debt — — — —
Other 3 2 2 1
16 15 14 11
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 12.33% 16.33% 23.07%
Cash Flow 94.04% 13.82% 0.00%
Earnings 28.18% 36.23% 150.04%
Book Value 16.90% 18.09% 18.00%

Revenue

Mar Jun Sep Dec Year
’26 22 23 — — —
’25 23 26 21 23 93
’24 17 20 24 19 79
’23 13 15 16 16 60
’22 10 13 12 14 50
’21 15 12 13 10 51
’20 10 10 13 11 44
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 3 0 — — —
’25 2 0 9 3 14
’24 (1) 3 4 (1) 5
’23 (2) 3 2 4 8
’22 (1) (1) (1) (3) (6)
’21 4 1 2 2 9
’20 1 1 3 2 7
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 2 (2) — — —
’25 2 (2) 6 (1) 5
’24 (2) 1 2 (1) (1)
’23 (3) 1 1 3 3
’22 (1) (3) (2) (2) (9)
’21 4 1 2 (3) 4
’20 1 0 3 1 5
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 0.25 0.26 — — —
’25 0.62 0.79 0.54 0.40 2.36
’24 0.21 0.37 0.59 0.27 1.45
’23 0.02 (0.15) 0.24 0.04 0.15
’22 (0.02) 0.17 0.00 0.00 0.15
’21 0.55 0.19 0.71 0.00 1.45
’20 (0.01) 0.09 0.30 0.13 0.51
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
1.77 5.25 6.38 5.40 2.95 8.84 13.00 14.00 25.03 25.13

Analyst estimates 2026–2028

Powerpack
Low Price
5.45 9.00 9.84 9.53 9.45 47.99 47.99 40.87 51.96 45.52
High Price
203 242 220 232 200 200 232 247 264 285
Employees
0 0 0 0 0 0 0 0 0 0
Revenue/Emp
40 42 40 47 44 51 50 60 79 93
Revenue
25.84% 27.48% 26.08% 21.35% 25.17% 28.47% 18.89% 17.88% 25.49% 27.86%
Gross Margin
4 4 2 2 4 9 1 1 10 17
EBT
10.73% 8.97% 5.62% 5.35% 8.65% 17.96% 1.89% 2.22% 12.51% 18.22%
EBT Margin
3 3 2 2 3 8 1 1 8 13
Net Income
1 1 1 2 2 3 3 2 3 3
Depreciation
8.12 8.27 7.92 9.08 8.46 9.73 9.58 11.33 14.84 17.61
Revenue/Sh
0.57 0.53 0.33 0.38 0.51 1.45 0.15 0.15 1.45 2.36
Earnings/Sh
0.81 0.58 1.67 0.76 1.44 1.75 (1.21) 1.47 0.98 2.70
Cash Flow/Sh
(0.75) (0.53) (1.00) (0.85) (0.46) (0.94) (0.50) (0.89) (1.16) (1.76)
Capex/Sh
0.06 0.05 0.66 (0.08) 0.98 0.82 (1.71) 0.58 (0.19) 0.94
Free CF/Sh
2.89 3.41 3.71 4.05 4.56 6.10 6.32 6.50 7.89 10.24
Book Value/Sh
5 5 5 5 5 5 5 5 5 5
Shares
9.30 13.00 22.00 16.22 18.43 32.33 134.67 271.14 30.66 15.46
PE Ratio
0.65 0.83 0.94 0.66 1.12 4.83 2.13 3.47 3.00 2.06
PS Ratio
1.84 2.02 2.02 1.48 2.07 7.71 3.23 6.06 5.63 3.55
PB Ratio
0.62 0.79 1.08 0.83 1.15 4.65 2.13 3.42 2.96 1.98
EV/Sales
80.92 143.50 12.94 (92.09) 9.91 55.41 (11.89) 66.36 (234.58) 37.20
EV/FCF
4 3 8 4 7 9 (6) 8 5 14
Op' Cash Flow
(4) (3) (5) (4) (2) (5) (3) (5) (6) (9)
Capex
0 0 3 0 5 4 (9) 3 (1) 5
FCF
10 11 10 9 14 14 18 17 21 34
Working Cap'
3 3 9 9 11 4 6 5 4 4
Total Debt
(1) (2) 6 7 1 (10) (1) (4) (3) (8)
Net Debt
14 17 19 21 24 32 33 34 42 54
Sh' Equity
13.42% 10.20% 4.78% 4.67% 6.01% 15.17% 1.49% 1.37% 11.87% 16.06%
ROA
20.82% 14.87% 5.66% 5.78% 9.65% 17.57% 1.66% 2.32% 16.02% 22.98%
ROIC
22.12% 17.07% 9.36% 9.83% 11.99% 27.33% 2.47% 2.37% 20.22% 26.04%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Smith-Midland Corp. (SMID) key facts

  • Smith-Midland Corp. (SMID) is a Building Materials company in the Basic Materials sector, listed on Nasdaq.
  • Smith-Midland Corp.’s revenue for fiscal 2025 (year ended December 2025) was $93.4 million, up 19.0% from fiscal 2024.
  • Net income was $12.5 million, or $2.36 per share (basic), a net margin of 13.4%.
  • As of September 25, 2026, SMID traded at $24.28, a market capitalization of $127.4 million.
  • At that price the stock trades at 16.7× trailing-twelve-month earnings and 1.4× sales.
  • Return on equity was 26.0% and debt-to-equity 0.06.

Source: company filings (standardised) and stockrow calculations.

Smith-Midland Corp. (SMID) Latest News

News by impact score

Fine-tune

15 Sep

3

Smith-Midland Corp. secured a $2.2 million contract for the Newport News Navy project. A $2.2 million contract win provides revenue boost and supports market performance for Smith-Midland.

29 Aug

4

Smith-Midland targets $100M backlog fueled by barrier rentals and data center demand. Barrier rentals and data centers position Smith-Midland for substantial backlog growth to $100M.

14 Aug

3

Smith-Midland Corp. (SMID) released its second quarter 2026 financial results. Quarterly earnings reports can moderately shift investor views and near-term valuation.

6 Aug

4

Smith-Midland Corp. secures $10 million contract for I-81 VDOT project. $10 million contract adds major revenue and improves competitive standing for Smith-Midland Corp.

11 Jun

4

Smith-Midland Corp. Q1 earnings and revenue estimates have plummeted year-over-year. Plummeting Q1 earnings and revenue estimates signal major downward pressure on SMID's stock performance and investor confidence.

10 Jun

3

Smith-Midland Corp. produces over $2.7 million in SoundWall Systems for Virginia projects. $2.7M order adds moderate revenue without shifting overall trajectory.

9 Jun

3

Smith-Midland Corp. reported its first quarter 2026 financial results. Quarterly earnings releases typically produce moderate short-term effects on stock price and sentiment.

3 Jun

3

Smith-Midland Corp. announced receipt of a Nasdaq letter addressing listing compliance requirements. Nasdaq compliance notice introduces short-term delisting risk that can pressure stock price and sentiment.

16 Apr

4

Smith-Midland Corp. (SMID) Q4 earnings rose year-over-year, driven by strong revenue growth and margin improvements. Strong Q4 revenue growth and margin gains indicate significant positive impact on financial performance and investor sentiment.

14 Apr

4

Smith-Midland Corp. (SMID) reported fourth quarter and year-end 2025 financial results. Annual financial results directly impact investor sentiment, valuation, and future performance expectations.

25 Mar

4

Smith-Midland Corp. (SMID) posted preliminary 2025 results and secured a key project. Preliminary 2025 results combined with a key project win signal significant revenue growth and strategic positioning for SMID.

24 Mar

4

Smith-Midland Corp.'s SoftSound® barriers selected for North Carolina's Complete 540 highway project. Product selection for major infrastructure project secures significant contract revenue and strengthens market position.

23 Mar

4

Smith-Midland Corp. (SMID) announces preliminary fourth quarter and full year 2025 results. Preliminary earnings results for Q4 and full year directly impact financial performance and investor sentiment.

10 Mar

3

Smith-Midland Corp. is producing $1.6 million worth of SlenderWall panels for a Washington D.C. project. A $1.6M product order provides moderately noticeable revenue boost and validates market demand for SlenderWall.

10 Feb

4

Smith-Midland Corp. (SMID) has demonstrated strong earnings growth, surpassing expectations in a recent stock scan. The company’s performance indicates a solid financial trajectory, positioning it favorably in the market. Analysts highlight the potential for continued growth, driven by strategic initiatives and market demand for its products. Strong earnings growth and positive market positioning suggest significant future impact on performance.

3 Feb

3

Smith-Midland Corp. is set to produce $1.9 million worth of wall systems for a significant project in Virginia Beach. This contract highlights the company's ongoing involvement in large-scale construction projects and its capacity to deliver specialized concrete products. The contract represents a moderately noticeable influence on Smith-Midland's financial performance and market positioning.

23 Jan

4

Smith-Midland Corporation (NASDAQ:SMID) has attracted significant interest from hedge fund investors, holding a 35% stake in the company. This development indicates a growing confidence in Smith-Midland's potential and market position, suggesting that institutional investors are optimistic about its future performance. The substantial hedge fund interest indicates a significant shift in investor sentiment and potential strategic advantages for the company.

22 Jan

3

Smith-Midland Corp. has been awarded a $1.8 million contract by the Georgia Department of Transportation for the supply of concrete barriers. This project is part of the state's efforts to enhance road safety and infrastructure. The contract is expected to contribute positively to Smith-Midland's revenue and operational activities in the coming months. The contract is expected to moderately influence financial performance and operational activities.

16 Dec

4

Smith-Midland Corp. is producing over $1 million worth of utility vaults for a data center in Virginia, marking a significant contract that underscores the company's capabilities in precast concrete products. This project is expected to enhance the company's revenue and strengthen its position in the utility infrastructure market. The contract represents a significant strategic move that could enhance revenue and market positioning.

19 Nov

3

Smith-Midland Corp. (SMID) reported disappointing Q3 earnings, leading to a decline in its stock price. The company experienced weaker-than-expected rental revenues, which contributed to concerns about its financial performance. Investors reacted negatively to the news, reflecting uncertainty about the company's future growth prospects. Weak Q3 earnings and softer rentals may moderately affect financial performance and investor sentiment.

13 Nov

4

Smith-Midland Corp. (SMID) reported its financial results for the third quarter of 2025, highlighting significant revenue growth and improved profitability compared to the previous year. The company attributed its success to increased demand for precast concrete products and successful project completions. Management expressed optimism about future growth prospects, citing ongoing investments in technology and expansion into new markets. The results reflect a strong operational performance and a positive outlook for the remainder of the fiscal year. The financial results indicate significant growth and strategic investments that could alter the company's trajectory.

28 Oct

4

Investors in Smith-Midland Corp. (NASDAQ:SMID) have seen a remarkable return of 447% over the past five years, significantly outperforming the broader market. The company's growth can be attributed to its innovative precast concrete products and strategic expansion efforts. As demand for sustainable construction solutions rises, Smith-Midland is well-positioned to capitalize on these trends, further enhancing its market presence and financial performance. The substantial return on investment and the company's strategic positioning in a growing market indicate a significant impact on future performance.

10 Oct

4

Smith-Midland Corp. (SMID) has been upgraded to an 'Outperform' rating due to favorable structural growth catalysts aligning for the company. Analysts believe that these catalysts will enhance the company's market position and financial performance, leading to increased investor confidence. The upgrade reflects significant growth potential driven by strategic factors that could alter the company's trajectory.

9 Oct

4

Smith-Midland Corp. has secured over $2 million in contracts for SlenderWall(R) projects in Virginia and New York. These projects are part of the company's ongoing efforts to expand its market presence and enhance its product offerings in the precast concrete industry. Securing over $2 million in contracts indicates significant growth potential and strategic positioning in key markets.

5 Oct

3

Smith-Midland Corporation (NASDAQ:SMID) has recently experienced stock weakness despite strong financials. Analysts are questioning whether this presents a buying opportunity for prospective shareholders, as the company's fundamentals remain solid. Strong financials may positively influence investor sentiment and performance, but recent stock weakness suggests limited immediate impact.

30 Sep

4

Smith-Midland Corp. has secured a barrier rental contract worth over $4 million for the I-64 project. This contract is expected to enhance the company's revenue and strengthen its position in the construction sector. The project involves providing precast concrete barriers, which are crucial for ensuring safety and traffic management during road construction. The contract represents a significant revenue opportunity and strengthens Smith-Midland's market position in the construction industry.

24 Sep

3

Ashley Smith, CEO of Smith-Midland Corp., has been recognized in the Virginia 500 Power List, which highlights influential leaders across various sectors in Virginia. This acknowledgment underscores Smith's leadership and the company's impact within the industry, potentially enhancing its reputation and market presence. Recognition in the Virginia 500 Power List may enhance the company's reputation and influence market sentiment.

18 Sep

4

Smith-Midland Corp. (SMID) has demonstrated strong returns, driven by its innovative precast concrete products and strategic market positioning. The company has shown resilience in a competitive landscape, with positive financial metrics and growth potential. Investors are encouraged by its operational efficiency and commitment to sustainability, which align with current market trends. Overall, Smith-Midland's performance reflects a solid foundation for future growth. Significant growth potential and strategic positioning in the precast concrete market could alter the company's trajectory.

1 Sep

4

Smith-Midland Corp. (SMID) has attracted investor interest due to its innovative precast concrete products and strategic growth initiatives. The company is expanding its market presence and enhancing production capabilities, which are expected to drive revenue growth. Additionally, recent contracts and partnerships indicate a positive outlook for future performance, positioning Smith-Midland favorably within the construction industry. Strategic growth initiatives and new contracts are likely to significantly impact future performance and investor sentiment.

20 Aug

3

Smith-Midland Corp. will present and host at the Midwest IDEAS Investor Conference, providing an opportunity for investors to engage with the company and learn about its developments and strategies. Participation in investor conferences can moderately influence market sentiment and investor interest in the company.

stockrow.com/SMID · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com