Saturday 17 October 2026
Export SMID’s income statement to Excel — free account
Smith-Midland Corp.
SMID Basic Materials Building Materials
Smith-Midland Corp.’s revenue for fiscal 2025 (year ended December 2025) was $93.4 million, up 19.0% from fiscal 2024. In the quarter to June 2026, revenue fell 10.8%, EPS fell 67.1%, free cash flow fell 38.7% and total debt fell 15.2%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for three; insiders bought in the last twelve months.
22.65
0.18
−0.79%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
15.46 | 30.66 | 271.14 | 134.67 | 32.33 | 18.43 | 16.22 | 22.00 | 13.00 | 9.30 |
Piotroski F-Score |
7 | 7 | 5 | 2 | 7 | 6 | 5 | 3 | 5 | 7 |
P/S ratio |
2.06 | 3.00 | 3.47 | 2.13 | 4.83 | 1.12 | 0.66 | 0.94 | 0.83 | 0.65 |
Altman Z-Score |
6.38 | 8.08 | 6.56 | 5.06 | 9.12 | 3.39 | 2.93 | 2.88 | 4.58 | 5.12 |
P/FCF ratio |
38.69 | 0.00 | 67.47 | 0.00 | 57.59 | 9.62 | 0.00 | 11.28 | 150.39 | 84.90 |
Altman Z″-Score (non-manufacturers) |
7.31 | 6.29 | 4.70 | 5.42 | 5.55 | 4.88 | 4.03 | 3.80 | 6.16 | 7.00 |
Beneish M-Score |
(2.21) | (2.13) | (2.85) | (1.37) | (2.68) | (3.36) | (2.55) | 1.49 | (2.05) | (2.77) |
P/Operating CF |
74.52 | (364.57) | 48.49 | (35.62) | 156.42 | 32.47 | 32.75 | 13.80 | 27.79 | 8.41 |
P/B ratio |
3.55 | 5.63 | 6.06 | 3.23 | 7.71 | 2.07 | 1.48 | 2.02 | 2.02 | 1.84 |
Price to Tangible BV |
3.55 | 5.63 | 6.06 | 3.23 | 7.71 | 2.07 | 1.48 | 2.02 | 2.02 | 1.84 |
EV/Sales |
2.01 | 2.99 | 3.45 | 2.17 | 4.69 | 1.15 | 0.83 | 1.08 | 0.79 | 0.62 |
EV/EBITDA |
9.43 | 18.68 | 58.46 | 29.08 | 26.87 | 8.18 | 8.89 | 12.59 | 7.14 | 4.83 |
EV/Operating CF |
13.10 | 45.51 | 26.59 | (17.15) | 26.03 | 6.75 | 9.81 | 5.15 | 11.33 | 6.24 |
EV/FCF |
37.61 | (236.62) | 67.02 | (12.11) | 55.91 | 9.91 | (92.09) | 12.94 | 143.50 | 80.92 |
Quick Ratio |
2.81 | 1.89 | 1.68 | 2.18 | 1.75 | 2.31 | 1.67 | 1.40 | 1.92 | 2.43 |
Current Ratio |
3.40 | 2.39 | 2.08 | 2.58 | 2.00 | 2.62 | 1.98 | 1.82 | 2.43 | 3.01 |
Net Debt/EBITDA |
(0.41) | (0.25) | (1.16) | (0.27) | (1.11) | 0.11 | 1.55 | 1.62 | (0.34) | (0.24) |
Debt/Assets |
4.33% | 6.52% | 8.30% | 10.55% | 6.91% | 22.96% | 22.01% | 20.95% | 9.91% | 14.29% |
Debt/Equity |
0.07 | 0.11 | 0.15 | 0.17 | 0.12 | 0.45 | 0.45 | 0.46 | 0.17 | 0.23 |
Asset Turnover |
1.20 | 1.21 | 1.03 | 0.93 | 1.02 | 0.99 | 1.12 | 1.14 | 1.59 | 1.90 |
Operating CF/Net income |
1.14 | 0.67 | 9.73 | (7.92) | 1.21 | 2.81 | 2.02 | 5.02 | 1.09 | 1.41 |
Capex/Depreciation |
(3.23) | (2.31) | (1.94) | (0.91) | (1.83) | (0.99) | (2.43) | (4.09) | (2.91) | (4.49) |
Interest Coverage |
75.53 | 42.85 | 4.38 | 3.28 | 32.46 | 17.32 | 14.22 | 12.59 | 20.19 | 26.77 |
| 26.04% | 20.22% | 2.37% | 2.47% | 27.33% | 11.99% | 9.83% | 9.36% | 17.07% | 22.12% | |
| 16.06% | 11.87% | 1.37% | 1.49% | 15.17% | 6.01% | 4.67% | 4.78% | 10.20% | 13.42% | |
ROIC |
22.98% | 16.02% | 2.32% | 1.66% | 17.57% | 9.65% | 5.78% | 5.66% | 14.87% | 20.82% |
Return on Tangible Assets |
17.16% | 14.61% | 1.77% | 1.87% | 21.16% | 8.07% | 7.17% | 7.08% | 12.74% | 15.59% |
Average Days of Receivables |
111.02 | 96.56 | 108.64 | 128.80 | 78.29 | 87.71 | 105.26 | 123.37 | 92.54 | 70.27 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
9.68% | 12.88% | 16.00% | 17.18% | 16.29% | 16.60% | 15.90% | 20.57% | 18.58% | 15.01% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
0.06% | 0.06% | 0.63% | 1.01% | 1.05% | 0.37% | 0.58% | 0.60% | 0.99% | 0.00% |
Graham Net Nets |
0.08 | 0.04 | 0.03 | 0.07 | 0.03 | 0.01 | (0.07) | (0.02) | 0.20 | 0.23 |
Graham Number |
23.26 | 16.05 | 4.61 | 4.64 | 14.13 | 7.25 | 5.81 | 5.33 | 6.38 | 6.08 |
Earnings Yield |
6.47% | 3.26% | 0.37% | 0.74% | 3.09% | 5.43% | 6.17% | 4.55% | 7.69% | 10.75% |
Free Cash Flow Yield |
2.58% | (0.42%) | 1.48% | (8.39%) | 1.74% | 10.40% | (1.36%) | 8.87% | 0.66% | 1.18% |
Revenue per Share |
17.61 | 14.84 | 11.33 | 9.58 | 9.73 | 8.46 | 9.08 | 7.92 | 8.27 | 8.12 |
Operating CF per Share |
2.70 | 0.98 | 1.47 | (1.21) | 1.75 | 1.44 | 0.76 | 1.67 | 0.58 | 0.81 |
Capex per Share |
(1.76) | (1.16) | (0.89) | (0.50) | (0.94) | (0.46) | (0.85) | (1.00) | (0.53) | (0.75) |
Free Cash Flow per Share |
0.94 | (0.19) | 0.58 | (1.71) | 0.82 | 0.98 | (0.08) | 0.66 | 0.05 | 0.06 |
Cash per Share |
2.24 | 1.43 | 1.75 | 1.29 | 2.59 | 1.93 | 0.49 | 0.60 | 0.89 | 0.93 |
Shareholders Equity per Share |
10.24 | 7.89 | 6.50 | 6.32 | 6.10 | 4.56 | 4.05 | 3.71 | 3.41 | 2.89 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
10.24 | 7.89 | 6.50 | 6.32 | 6.10 | 4.56 | 4.05 | 3.71 | 3.41 | 2.89 |
Free Cash Flow |
4.98 | (0.99) | 3.07 | (8.96) | 4.25 | 5.10 | (0.42) | 3.37 | 0.23 | 0.31 |
Working Capital |
34.42 | 20.84 | 17.31 | 17.72 | 13.85 | 14.44 | 9.43 | 9.74 | 11.20 | 10.17 |
Capital Expenditures |
(9.32) | (6.15) | (4.66) | (2.63) | (4.88) | (2.39) | (4.35) | (5.10) | (2.69) | (3.69) |
Net Current Asset Value |
15.32 | 9.60 | 6.14 | 7.68 | 6.23 | 0.49 | (2.26) | (0.93) | 7.01 | 6.06 |
EV/EBIT |
11.03 | 23.71 | 183.91 | 127.17 | 38.51 | 13.44 | 15.16 | 19.68 | 8.92 | 5.75 |
Capex to Sales |
0.10 | 0.08 | 0.08 | 0.05 | 0.10 | 0.05 | 0.09 | 0.13 | 0.06 | 0.09 |
Price to Operating Income |
11.34 | 23.75 | 185.16 | 125.19 | 39.66 | 13.03 | 12.12 | 17.15 | 9.35 | 6.03 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.08 | 0.08 | 0.09 | 0.11 | 0.12 | 0.13 | 0.10 | 0.09 | 0.09 | 0.10 |
Cash ROIC |
7.12% | (1.85%) | 6.34% | (19.70%) | 8.68% | 11.50% | (1.28%) | 11.03% | 0.94% | 1.39% |
Accounts Receivable Turnover |
3.80 | 4.08 | 3.36 | 3.51 | 4.73 | 3.65 | 3.45 | 3.33 | 4.56 | 5.31 |
Accounts Payable Turnover |
13.19 | 9.69 | 7.44 | 10.31 | 18.40 | 13.01 | 9.94 | 8.18 | 11.75 | 15.49 |
Inventory Turnover |
9.91 | 9.89 | 10.91 | 12.21 | 14.38 | 14.80 | 12.66 | 8.40 | 9.93 | 11.71 |
Average Days of Payables |
29.68 | 29.58 | 54.73 | 52.21 | 20.87 | 20.75 | 31.61 | 51.71 | 36.91 | 25.70 |
Days of Inventory on Hand |
37.51 | 41.66 | 38.42 | 34.27 | 28.67 | 24.40 | 22.28 | 43.71 | 42.41 | 31.68 |
Average Receivables |
24.60 | 19.25 | 17.71 | 14.28 | 10.70 | 12.00 | 13.53 | 12.09 | 9.14 | 7.54 |
Average Payables |
5.11 | 6.04 | 6.58 | 3.94 | 1.97 | 2.52 | 3.70 | 3.64 | 2.58 | 1.92 |
Average Inventory |
6.80 | 5.91 | 4.48 | 3.33 | 2.52 | 2.22 | 2.90 | 3.54 | 3.05 | 2.54 |
Average Assets |
77.86 | 64.67 | 57.83 | 53.79 | 49.89 | 44.31 | 41.74 | 35.30 | 26.32 | 21.13 |
Average Common Equity |
48.02 | 37.95 | 33.61 | 32.40 | 27.70 | 22.24 | 19.83 | 18.03 | 15.72 | 12.82 |
Columns are period end dates