Stocks Industrials SMID
NASDAQ · IndustrialsSmith Midland Corp (SMID)
Smith Midland Corp brought in $89.5M of revenue over the twelve months to June 30, 2026, down 1.6% from a year earlier. Net income was $7.7M, a net margin of 8.6%. Operating cash flow minus capital spending left $5M of free cash flow in fiscal 2025. At June 30, 2026 it held $10.7M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 14, 2026.
Key facts about Smith Midland Corp
- Net worth
- Smith Midland Corp has a market value (market cap) of $138.8M at the latest share price, and shareholders' equity of $57M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $93.4M (+19.0% year on year), with net income of $12.5M. Over the 12 months to June 30, 2026: revenue $89.5M, net income $7.7M.
- Cash flow
- In fiscal 2025 operations brought in $14.3M of cash; after $9.3M of capital spending, free cash flow was $5M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 14, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- Smith Midland Corp's next report is expected around November 13, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
What Smith Midland Corp does
Smith Midland Corp is registered with the SEC under industry code SIC 3272 (Concrete Products, Except Block & Brick). Its shares trade on NASDAQ under the ticker SMID.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $93.4M | $12.5M | $2.36 | $5M |
| 2024 | $78.5M | $7.7M | $1.45 | -$1M |
| 2023 | $59.6M | $795K | $0.15 | $2.7M |
| 2022 | $50.1M | $800K | $0.15 | -$9.1M |
| 2021 | $50.6M | $7.6M | $1.45 | $3.8M |
| 2020 | $43.9M | $2.7M | $0.51 | $4.9M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where SMID ranks in Industrials
Dividends
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2021 | n/a | $0 | 0% |
| 2020 | n/a | $282K | 11% |
| 2019 | n/a | $281K | 14% |
| 2018 | n/a | $256K | 15% |
| 2017 | n/a | $49K | 2% |
| 2016 | n/a | $0 | 0% |
Latest SEC filings
What Smith Midland Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 19, 2026
- October 7, 2026Activist stake changed SCHEDULE 13D/A
- August 25, 2026
- August 14, 2026Quarterly report 10-Q · period to June 30, 2026Revenue fell 11% to $23.4M versus the same quarter last year; diluted EPS $0.26 versus $0.79.
- August 14, 2026
- July 23, 2026
- June 11, 2026
- June 10, 2026Quarterly report 10-Q · period to March 31, 2026Revenue fell 5% to $21.6M versus the same quarter last year; diluted EPS $0.25 versus $0.62.
- June 9, 2026
- June 4, 2026
What is SMID worth? A DCF from its reported cash flow
Insider trades
What the people running Smith Midland Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $108K worth of shares on the open market in the last 90 days and sold none.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 2, 2026 | Smith Matthew IDirector | Bought | 2,000 | $54.3K |
| September 2, 2026 | Smith Matthew IDirector | Received as pay | 2,000 | $54.3K |
| September 1, 2026 | Smith Ashley BChief Executive Officer, Director | Bought | 2,000 | $53.7K |
| September 1, 2026 | Smith Ashley BChief Executive Officer | Received as pay | 2,000 | $53.7K |
| January 5, 2026 | Hunter Dominic LChief Financial Officer | Received as pay | 408 | - |
| December 19, 2025 | Bruner James RussellDirector | Received as pay | 414 | - |
| December 19, 2025 | Van de Water ReadDirector | Received as pay | 414 | - |
| December 19, 2025 | Gerhardt RichardDirector | Received as pay | 414 | - |
Who owns SMID
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Thompson Davis & CO., Inc.13D, may seek influence | 33.9% | June 5, 2025 |
| Rodney I. Smith13G, passive | 10.1% | November 14, 2025 |
Largest institutional holders
Insiders
6 insiders reported holding 388,319 shares in total, about $10.2M at the last price.
| Holder | Shares |
|---|---|
| Smith Ashley BChief Executive Officer, Director | 361,078 |
| Smith Matthew IDirector | 12,205 |
| Gerhardt RichardDirector | 7,206 |
| Bruner James RussellDirector | 7,008 |
| Van de Water ReadDirector | 414 |
| Hunter Dominic LChief Financial Officer | 408 |
Questions about SMID
What does Smith Midland Corp do?
Smith Midland Corp is a company in the Industrials sector, listed on NASDAQ as SMID. Its shares trade on NASDAQ under the ticker SMID.
What is Smith Midland Corp's net worth?
Smith Midland Corp has a market value (market cap) of $138.8M at the latest share price, and shareholders' equity of $57M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Smith Midland Corp profitable?
Yes. Over the twelve months to June 30, 2026 it reported net income of $7.7M on revenue of $89.5M, a net margin of 8.6%.
How much revenue does Smith Midland Corp make?
Over the twelve months to June 30, 2026 Smith Midland Corp reported revenue of $89.5M. That is 1.6% less than a year earlier.
When did Smith Midland Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on August 14, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the employee stock plan registration from October 19, 2026.
When is Smith Midland Corp's next earnings report?
Smith Midland Corp's next report is expected around November 13, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Smith Midland Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.