SMITH MIDLAND CORP Income Statement
SMID|14 years of annual SEC 10-K data (FY2012-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 14 fiscal years. All figures from audited SEC 10-K filings.
SMITH MIDLAND CORP reported $79M in revenue and $8M in net income for FY2025. Revenue has grown at a 8.7% compound annual rate over the past 13 years.
Based on SEC 10-K filings.
Key Data Points
- Low earnings quality (accrual-heavy earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $78.5M | $59.6M | $50.1M | $50.6M | $43.9M | $46.7M | $40.2M | $41.7M | $40.0M | $29.2M | $22.5M | $27.7M | $24.9M | $26.7M |
| Cost of Revenue | $58.5M | $48.9M | $40.7M | $36.2M | $32.8M | $36.7M | $29.7M | $30.3M | $29.7M | $22.1M | $18.6M | $21.1M | $19.4M | $22.1M |
| Gross Profit | $20.0M | $10.7M | $9.5M | $14.4M | $11.0M | $10.0M | $10.5M | $11.5M | $10.3M | $7.1M | $3.8M | $6.6M | $5.4M | $4.6M |
| SG&A Expense | $6.6M | $6.0M | $5.6M | $5.4M | $5.0M | $4.9M | $5.7M | $5.3M | $3.9M | $3.4M | $3.0M | $3.1M | $2.7M | $2.9M |
| Operating Income | $9.9M | $1.1M | $854.0K | $6.2M | $3.8M | $2.5M | $2.2M | $3.7M | $4.3M | $1.6M | -$1.2M | $1.3M | $687.8K | -$364.8K |
| Interest Expense | $231.0K | $255.0K | $260.0K | $190.0K | $217.0K | $179.0K | $176.0K | $184.0K | $162.0K | $103.1K | $116.2K | $132.0K | $134.8K | $136.1K |
| Income Tax | $2.1M | $528.0K | $145.0K | $1.5M | $1.1M | $549.0K | $572.0K | $1.1M | $1.5M | $557.0K | -$498.0K | $391.0K | $182.0K | -$136.0K |
| Net Income | $7.7M | $795.0K | $800.0K | $7.6M | $2.7M | $1.9M | $1.7M | $2.7M | $2.8M | $1.0M | -$804.8K | $691.5K | $376.7K | -$351.7K |
| EPS (Basic) | $1.45 | $0.15 | $0.15 | $1.45 | $0.51 | $0.38 | $0.33 | $0.53 | $0.57 | $0.21 | -$0.16 | $0.14 | $0.08 | -$0.07 |
| EPS (Diluted) | $1.45 | $0.15 | $0.15 | $1.45 | $0.51 | $0.38 | $0.33 | $0.53 | $0.56 | $0.21 | -$0.16 | $0.14 | $0.08 | -$0.07 |
| Shares Outstanding | 5.3M | 5.3M | 5.3M | 5.2M | 5.2M | 5.2M | 5.1M | 5.0M | 4.9M | 4.9M | 4.9M | 4.9M | 4.9M | 4.8M |
| Gross Margin | 25.5% | 17.9% | 18.9% | 28.5% | 25.2% | 21.3% | 26.1% | 27.5% | 25.8% | 24.3% | 17.1% | 23.7% | 21.9% | 17.2% |
| Operating Margin | 12.6% | 1.9% | 1.7% | 12.2% | 8.6% | 5.5% | 5.5% | 8.9% | 10.8% | 5.4% | -5.3% | 4.6% | 2.8% | -1.4% |
| Profit Margin | 9.8% | 1.3% | 1.6% | 14.9% | 6.1% | 4.2% | 4.2% | 6.4% | 7.1% | 3.6% | -3.6% | 2.5% | 1.5% | -1.3% |