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Smith-Midland Corporation
NasdaqCM · CIK 924719
Last close22.19
Daily change-0.57 (-2.50%)
10 Years gain+529.86%
Dividends TTM0
Dividend yield0.00%
Fundamental Analysis
SMID · STANDARD
SIC 3272 · Concrete Products, Except Block & Brick · Fiscal year end 1231
Fundamental
81.6Momentum
61.7Acceleration
58.3Confidence
100.0Annual Revenue15
Quarterly Revenue51
Annual CFO15
Balance SheetAvailable
RankingEligible
Score Breakdown
Growth21.5 / 25
Quality17.3 / 25
Capital Efficiency19.0 / 20
Balance Sheet14.5 / 15
Shareholder Economics9.3 / 10
Forward Indicators0.0 / 5
Signals
Gross margin expansionGross margin improved by 4.0041 percentage points.
Operating leverageOperating margin improved by 2.3458 percentage points.
ROIC expansionROIC improved by 0.633 percentage points.
Net debt reductionNet debt declined versus the comparison period.
Strong operating leverageOperating income is growing faster than revenue while operating margin expands.
Key Metrics
Revenue Growth TTM11.97%OK
Revenue CAGR 3Y23.07%OK
Gross Margin25.13%OK
Operating Margin14.13%OK
FCF Margin3.98%OK
FCF Growthn/aINSUFFICIENT_HISTORY
ROIC21.62%OK
Incremental Operating Margin 3Y22.12%OK
Net Debt / CFO-0.73xOK
Diluted Share Growth 1Y0.04%OK
SBC / Revenue0.04%OK
SBC / FCF0.92%OK
Financial History
| Period | Revenue | Gross Profit | Operating Income | CFO | FCF | Gross Margin | Op Margin | FCF Margin | ROIC | Shares |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 FY Dec 31, 2025 | $93.45M | $26.04M | $16.99M | $14.30M | $4.96M | 27.86% | 18.19% | 5.31% | 32.59% | 5.31M |
| 2025 FY Dec 31, 2024 | $78.51M | $20.01M | $9.90M | $5.16M | -$1.05M | 25.49% | 12.61% | -1.33% | 26.15% | 5.29M |
| 2024 FY Dec 31, 2023 | $59.58M | $10.65M | $1.12M | $7.73M | $2.72M | 17.88% | 1.88% | 4.57% | 2.83% | 5.29M |
| 2023 FY Dec 31, 2022 | $50.13M | $9.47M | $854,000.00 | -$6.33M | -$9.08M | 18.89% | 1.7% | -18.12% | 3.24% | 5.25M |
| 2022 FY Dec 31, 2021 | $50.64M | $14.42M | $6.17M | $9.13M | $3.76M | 28.47% | 12.18% | 7.42% | 30.98% | 5,232 |
Formula Trace
| Metric | Value | Formula | Status | Source |
|---|---|---|---|---|
| Revenue TTM | $92.57M | sum latest 4 fiscal quarters Revenue | OK | 0001654954-26-007660, 0001654954-25-013097 |
| Revenue Growth TTM | 11.97% | Revenue_TTM / Revenue_TTM_1Y_ago - 1 | OK | 0001654954-26-007660, 0001654954-25-013097 |
| Revenue CAGR 3Y | 23.07% | (Revenue_current / Revenue_3Y_ago)^(1/3) - 1 | OK | 0001654954-26-003505 |
| Revenue CAGR 5Y | 16.33% | (Revenue_current / Revenue_5Y_ago)^(1/5) - 1 | OK | 0001654954-26-003505 |
| Gross Profit CAGR 3Y | 40.1% | (GrossProfit_current / GrossProfit_3Y_ago)^(1/3) - 1 | OK | 0001654954-26-003505 |
| Operating Income Growth | 34.25% | OperatingIncome_current / OperatingIncome_prior_year - 1 | OK | 0001654954-26-007660, 0001654954-25-013097 |
| FCF Growth | n/a | FCF_current / FCF_prior_year - 1 | INSUFFICIENT_HISTORY | 0001654954-26-007660, 0001654954-26-005829 |
| Revenue Growth Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Profit Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Operating Income Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| FCF Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Margin | 25.13% | Gross Profit / Revenue | OK | 0001654954-26-007660, 0001654954-25-013097 |
| Operating Margin | 14.13% | Operating Income / Revenue | OK | 0001654954-26-007660, 0001654954-25-013097 |
| FCF Margin | 3.98% | (CFO - CapEx) / Revenue | OK | 0001654954-26-007660, 0001654954-26-005829 |
| ROIC | 21.62% | NOPAT / Average Invested Capital | OK | 0001654954-26-007660, 0001654954-25-013097 |
| Net Debt / CFO | -0.73x | Net Debt / CFO | OK | 0001654954-26-007660, 0001654954-26-005829 |
| Interest Coverage | 59.75x | Operating Income / abs(Interest Expense) | OK | derived |
| Current Ratio | 4.06x | Current Assets / Current Liabilities | OK | derived |