Smith-Midland Corporation: stock overview

SMIDNASDAQBasic materials · Concrete Products, Except Block & Brick

Price

$20.55

November 13, 2026Market cap $109M

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  • The full history: 15 fiscal years, from 2011
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

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Notes on these figures

  • The share price has fallen 27% since Aug 14, 2026, when the 10-Q these figures come from was filed ($28.21 then, $20.55 on Nov 13, 2026). The figures date from before that move.10-Q

In short

Smith-Midland had revenue of $89M over the last 12 months and net income of $7.7M, a net margin of 8.6%. Revenue grew by 16.3% a year on average over the last 5 years. At $20.55 the shares trade at a P/E of 14.1, against a median of 30.7 over the last 3 fiscal years. It holds more cash than debt, by $6.5M. It pays no dividend.

From its SEC filings (latest fiscal year to December 31, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$109M
5.31M shares
P/E
14.1
Today14.1
Median30.7
Revenue, 12 months
$89M
+16.3% a year over 5 years
Net margin
8.6%

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

2023–2025 fiscal years

+25.2% a year over 2 years

Fiscal years in figures

SMID's revenue, profit, cash flow and dividend with each year-end price, from 2011 to 2022, 12 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $208M
$109M
Enterprise value 
$103M
P/E 
14.1
EV / EBIT 
9.5
EV / Revenue 
1.2
P/B 3-year median: 5.7
1.9
FCF yield 3-year median: 1.3%
3.8%
Earnings yield 3-year median: 3.3%
7.1%

Profitability

Gross margin 
23.5%
Operating margin 
12.1%
Net margin 3-year median: 9.8%
8.6%
ROIC 
13.6%
ROIC, 5-year average 
11.4%
ROE 
14.4%

Growth

Revenue, yearly change 
+19.0%
EPS, yearly change 
+62.8%
FCF, yearly change 
–
Revenue, average a year 
+16.3%
EPS, average a year 
+35.9%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$11M
Total debt 
$4.2M
Of which operating leases 
$80.0K
Net cash 
$6.5M
Net debt / EBITDA 
-0.5x
Interest cover 
48.9x
Current ratio 
4.06

Balance sheet of June 30, 2026.

Returns to shareholders

Dividend yield 
0.00%
Buybacks 
–
Total returned 
0.00%
Shares, yearly change 
0.0%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 32).

Gross margin

27.9%

Above 34% of all companies (its industry has too few to compare).

Operating margin

18.2%

Above 80% of all companies (its industry has too few to compare).

Net margin

13.4%

Above 72% of all companies (its industry has too few to compare).

ROE

23.0%

Above 87% of all companies (its industry has too few to compare).

ROA

14.3%

Above 93% of all companies (its industry has too few to compare).

Revenue growth

19.0%

Above 80% of all companies (its industry has too few to compare).

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
SMITH MIDLAND CORP
CIK
924719
Exchange
NASDAQ
Industry (SIC)
3272 · Concrete Products, Except Block & Brick
Fiscal year ends
December 31
Latest annual report
December 31, 2025
Reporting currency
USD
Shares
5.31M

Other companies: Basic materials

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The full analysis

What do Smith-Midland's filings show?

These are Smith-Midland's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about SMID

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What is SMID's market cap?

Smith-Midland Corporation's market cap is $109M, at a price of $20.55 on November 13, 2026 and 5.31M shares.

What is SMID's P/E?

SMID's P/E is 14.1, on earnings per share of $1.45 over the last 12 months. The median over the last 3 fiscal years was 30.7.

How much revenue does SMID have?

Smith-Midland had revenue of $89M over the last 12 months. Over the last 5 years it changed by +16.3% a year on average.

Does SMID pay a dividend?

No. Smith-Midland paid no regular dividend over the last 12 months.

Where do the figures come from?

From Smith-Midland Corporation's SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.