Symbols / SMID Stock $34.65 +1.91% Smith-Midland Corporation

Basic Materials • Building Materials • United States • NCM
SMID (Stock) Chart
O: — H: — L: — C: — V: —
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Basic Materials
Industry Building Materials
CEO Mr. Ashley B. Smith
Exch · Country NCM · United States
Market Cap 183.87M
Enterprise Value 176.53M
Income 12.51M
Sales 93.45M
FCF (ttm) -5.14M
Book/sh 10.23
Cash/sh 2.24
Employees 179
Insider 10d —
IPO Dec 13, 1995
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 14.68
Forward P/E —
PEG 1.20
P/S 1.97
P/B 3.39
P/C —
EV/EBITDA 8.88
EV/Sales 1.89
Quick Ratio 2.81
Current Ratio 3.40
Debt/Eq 8.36
LT Debt/Eq —
EPS (ttm) 2.36
EPS next Y —
EPS Growth 52.60%
Revenue Growth 24.70%
EPS Gr Q/Q 52.50%
Rev Gr Q/Q —
Earnings (next) 2026-05-15
Earnings (prior) —
ROA 13.64%
ROE 26.04%
ROIC —
Gross Margin 27.86%
Oper. Margin 14.00%
Profit Margin 13.38%
Shs Outstand 5.31M
Shs Float 2.73M
Insider Own 13.90%
Instit Own 58.70%
Short Float 5.23%
Short Ratio 15.62
Short Interest 170.88K
52W High 43.66
vs 52W High -20.64%
52W Low 25.60
vs 52W Low 35.35%
Beta 1.77
Impl. Vol. —
Rel Volume 0.84
Avg Volume 8.46K
Volume 7.10K
Target (mean) —
Tgt Median —
Tgt Low —
Tgt High —
# Analysts —
Recom None
Prev Close $34.00
Price $34.65
Change 1.91%
About

Smith-Midland Corporation invents, develops, manufactures, markets, leases, licenses, sells, and installs various precast concrete products and systems. The company offers SlenderWall lightweight construction panel, a lightweight exterior cladding used for the exterior walls of buildings; Sierra Wall that provides sound and sight barrier for use alongside highways around residential, industrial, and commercial properties; J-J Hooks highway safety barriers, which are used on roadways to separate lanes of traffic in construction work zone or traffic control purposes; and Easi-Set precast building and Easi-Span expandable precast buildings for use in housing communications operations, traffic control systems, and mechanical and electrical stations. It also provides Easi-Set utility vaults used to house equipment, such as cable, telephone, or traffic signal equipment, and for underground storage, as well as manufactures custom-built utility vaults for special needs; SoftSound soundwall panels that absorbs highway noise; Beach Prisms erosion control modules for seawalls and jetties; and H2Out secondary drainage and street level leak detection product for panelized exterior cladding. The company licenses its proprietary products in the United States, Canada, New Zealand, Australia, Belgium, Mexico, and Trinidad. It markets its products through in-house sales force and independent sales representatives; contractors performing public and private construction contracts, such as construction of commercial buildings, public and private roads and highways, airports, and municipal utilities; and federal, state, and local transportation authorities. The company serves construction, highway, utilities, and farming industries. Smith-Midland Corporation was founded in 1960 and is based in Midland, Virginia.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$34.65
Latest analyst target
3. DCF / Fair value
$-17.44
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$34.65
Low
—
High
—
Mean
—
News
RSS: Latest SMID news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-01-05 HUNTER DOMINIC L. Chief Financial Officer — 408 $0.00 $0
2025-12-19 GERHARDT RICHARD Director — 414 $0.00 $0
2025-12-19 BRUNER JAMES RUSSELL Director — 414 $0.00 $0
2025-12-19 VAN DE WATER READ Director — 414 $0.00 $0
2025-11-24 GERHARDT RICHARD Director — 666 $33.26 $22,153
2025-08-22 SMITH RODNEY I Beneficial Owner of more than 10% of a Class of Security — 13,656 $41.36 $564,812
2025-08-20 BRUNER JAMES RUSSELL Director — 6,000 $39.06 $234,360
2024-12-10 SMITH ASHLEY B Chief Executive Officer — 10,000 $0.00 $0
2024-06-14 GERHARDT RICHARD Director — 1,334 $36.50 $48,691
2024-05-30 SMITH ASHLEY B Chief Executive Officer — 15,077 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
93.45
+19.03%
78.51
+31.77%
59.58
+18.85%
50.13
Operating Revenue
93.45
+19.03%
78.51
+31.77%
59.58
+18.85%
50.13
Cost Of Revenue
67.41
+15.23%
58.50
+19.56%
48.93
+20.33%
40.66
Reconciled Cost Of Revenue
67.41
+15.23%
58.50
+19.56%
48.93
+20.33%
40.66
Gross Profit
26.04
+30.12%
20.01
+87.85%
10.65
+12.49%
9.47
Operating Expense
9.04
-10.55%
10.11
+6.05%
9.53
+10.67%
8.62
Selling General And Administration
9.04
-10.55%
10.11
+6.05%
9.53
+10.67%
8.62
Selling And Marketing Expense
3.38
-5.09%
3.56
+0.37%
3.54
+15.67%
3.06
General And Administrative Expense
5.67
-13.52%
6.55
+9.42%
5.99
+7.91%
5.55
Other Gand A
5.67
-13.52%
6.55
+9.42%
5.99
+7.91%
5.55
Total Expenses
76.45
+11.43%
68.61
+17.36%
58.46
+18.64%
49.28
Operating Income
16.99
+71.67%
9.90
+785.42%
1.12
+30.91%
0.85
Total Operating Income As Reported
16.99
+71.67%
9.90
+785.42%
1.12
+30.91%
0.85
EBITDA
20.14
+58.40%
12.71
+219.66%
3.98
-2.67%
4.09
Normalized EBITDA
20.12
+58.48%
12.69
+249.60%
3.63
-8.70%
3.98
Reconciled Depreciation
2.89
+8.37%
2.66
+11.05%
2.40
-16.73%
2.88
EBIT
17.25
+71.67%
10.05
+536.82%
1.58
+30.95%
1.21
Total Unusual Items
0.02
+5.26%
0.02
-94.51%
0.35
+217.43%
0.11
Total Unusual Items Excluding Goodwill
0.02
+5.26%
0.02
-94.51%
0.35
+217.43%
0.11
Special Income Charges
0.02
+5.26%
0.02
-94.51%
0.35
+217.43%
0.11
Other Special Charges
—
—
—
—
Net Income
12.51
+62.94%
7.67
+865.41%
0.80
-0.63%
0.80
Pretax Income
17.03
+73.42%
9.82
+642.10%
1.32
+40.00%
0.94
Net Non Operating Interest Income Expense
-0.06
+67.93%
-0.18
+20.35%
-0.23
+6.10%
-0.25
Interest Expense Non Operating
0.23
-2.60%
0.23
-9.41%
0.26
-1.92%
0.26
Net Interest Income
-0.06
+67.93%
-0.18
+20.35%
-0.23
+6.10%
-0.25
Interest Expense
0.23
-2.60%
0.23
-9.41%
0.26
-1.92%
0.26
Interest Income Non Operating
0.17
+253.19%
0.05
+95.83%
0.02
+71.43%
0.01
Interest Income
0.17
+253.19%
0.05
+95.83%
0.02
+71.43%
0.01
Other Income Expense
0.09
-11.65%
0.10
-76.38%
0.44
+29.38%
0.34
Other Non Operating Income Expenses
0.07
-15.48%
0.08
-6.67%
0.09
-60.53%
0.23
Tax Provision
4.52
+110.92%
2.14
+305.87%
0.53
+264.14%
0.14
Tax Rate For Calcs
0.00
+22.12%
0.00
-45.75%
0.00
+159.74%
0.00
Tax Effect Of Unusual Items
0.01
+28.55%
0.00
-97.02%
0.14
+724.50%
0.02
Net Income Including Noncontrolling Interests
12.51
+62.94%
7.67
+865.41%
0.80
-0.63%
0.80
Net Income From Continuing Operation Net Minority Interest
12.51
+62.94%
7.67
+865.41%
0.80
-0.63%
0.80
Net Income From Continuing And Discontinued Operation
12.51
+62.94%
7.67
+865.41%
0.80
-0.63%
0.80
Net Income Continuous Operations
12.51
+62.94%
7.67
+865.41%
0.80
-0.63%
0.80
Normalized Income
12.49
+63.07%
7.66
+1204.07%
0.59
-17.01%
0.71
Net Income Common Stockholders
12.51
+62.94%
7.67
+865.41%
0.80
-0.63%
0.80
Diluted EPS
—
1.45
+866.67%
0.15
+0.00%
0.15
Basic EPS
—
1.45
+866.67%
0.15
+0.00%
0.15
Basic Average Shares
—
5.29
+0.59%
5.26
+0.48%
5.23
Diluted Average Shares
—
5.29
-0.06%
5.29
+0.74%
5.25
Diluted NI Availto Com Stockholders
12.51
+62.94%
7.67
+865.41%
0.80
-0.63%
0.80
Gain On Sale Of PPE
0.02
+5.26%
0.02
-94.51%
0.35
+217.43%
0.11
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
87.73
+29.03%
67.99
+10.83%
61.35
+12.95%
54.31
Current Assets
48.75
+35.98%
35.85
+7.57%
33.33
+15.15%
28.94
Cash Cash Equivalents And Short Term Investments
11.88
+57.45%
7.55
-17.73%
9.18
+36.41%
6.73
Cash And Cash Equivalents
11.88
+57.45%
7.55
-17.73%
9.18
+36.41%
6.73
Cash Financial
11.88
+57.45%
7.55
-17.73%
9.18
+36.41%
6.73
Other Short Term Investments
—
—
—
—
Receivables
28.42
+36.85%
20.77
+17.12%
17.73
+0.25%
17.69
Accounts Receivable
28.40
+36.89%
20.75
+16.99%
17.73
+3.03%
17.21
Gross Accounts Receivable
28.94
+32.29%
21.88
+18.00%
18.54
+3.03%
17.99
Allowance For Doubtful Accounts Receivable
-0.54
+52.30%
-1.13
-40.20%
-0.81
-3.20%
-0.78
Other Receivables
—
—
—
0.99
Taxes Receivable
0.02
+0.00%
0.02
0.00
-100.00%
0.48
Inventory
6.93
+3.76%
6.68
+29.65%
5.15
+34.89%
3.82
Raw Materials
1.71
-17.71%
2.08
-10.78%
2.33
+31.14%
1.78
Finished Goods
5.22
+13.46%
4.60
+63.03%
2.82
+38.15%
2.04
Prepaid Assets
1.51
+76.93%
0.85
-32.54%
1.27
+79.32%
0.71
Other Current Assets
—
—
—
0.71
Total Non Current Assets
38.98
+21.28%
32.14
+14.70%
28.02
+10.44%
25.37
Net PPE
38.48
+21.37%
31.70
+14.54%
27.68
+10.17%
25.12
Gross PPE
62.72
+17.85%
53.22
+13.32%
46.97
+11.34%
42.18
Accumulated Depreciation
-24.25
-12.67%
-21.52
-11.58%
-19.29
-13.05%
-17.06
Properties
0.00
0.00
0.00
0.00
Land And Improvements
8.85
-1.17%
8.96
+4.41%
8.58
+18.41%
7.25
Buildings And Improvements
14.11
+4.81%
13.46
+28.16%
10.50
+10.14%
9.54
Machinery Furniture Equipment
23.10
+23.63%
18.68
+15.03%
16.24
+7.27%
15.14
Other Properties
16.67
+37.46%
12.12
+4.12%
11.64
+13.45%
10.26
Non Current Deferred Assets
—
—
—
0.00
Other Non Current Assets
0.50
+15.07%
0.44
+27.70%
0.34
+37.75%
0.25
Total Liabilities Net Minority Interest
33.42
+27.32%
26.25
-3.44%
27.19
+27.89%
21.26
Current Liabilities
14.33
-4.52%
15.01
-6.29%
16.02
+42.71%
11.22
Payables And Accrued Expenses
7.99
+19.11%
6.71
-22.35%
8.64
+27.79%
6.76
Payables
7.08
+12.80%
6.28
-19.58%
7.81
+30.98%
5.96
Accounts Payable
5.48
+15.63%
4.74
-35.37%
7.34
+26.13%
5.82
Current Accrued Expenses
0.91
+111.42%
0.43
-48.38%
0.83
+4.01%
0.80
Pensionand Other Post Retirement Benefit Plans Current
2.16
+22.26%
1.77
+47.13%
1.20
+52.66%
0.79
Total Tax Payable
1.60
+4.09%
1.54
+225.37%
0.47
+223.97%
0.15
Income Tax Payable
1.60
+4.09%
1.54
+225.37%
0.47
+223.97%
0.15
Current Debt And Capital Lease Obligation
0.67
-1.62%
0.68
+0.00%
0.68
-2.30%
0.69
Current Debt
0.65
-1.52%
0.66
+3.46%
0.64
+2.91%
0.62
Other Current Borrowings
0.65
-1.52%
0.66
+3.46%
0.64
+2.91%
0.62
Current Capital Lease Obligation
0.02
-4.76%
0.02
-51.16%
0.04
-44.16%
0.08
Current Deferred Liabilities
3.51
-40.04%
5.85
+6.48%
5.50
+84.43%
2.98
Current Deferred Revenue
3.51
-40.04%
5.85
+6.48%
5.50
+84.43%
2.98
Total Non Current Liabilities Net Minority Interest
19.09
+69.84%
11.24
+0.65%
11.17
+11.31%
10.03
Long Term Debt And Capital Lease Obligation
3.87
-14.52%
4.53
-11.15%
5.09
-11.79%
5.78
Long Term Debt
3.80
-14.36%
4.44
-12.88%
5.09
-11.13%
5.73
Long Term Capital Lease Obligation
0.07
-22.22%
0.09
+4400.00%
0.00
-95.56%
0.04
Non Current Deferred Liabilities
15.22
+126.68%
6.72
+10.55%
6.08
+42.64%
4.26
Non Current Deferred Revenue
13.76
+121.20%
6.22
+40.64%
4.42
+103.50%
2.17
Non Current Deferred Taxes Liabilities
1.46
+195.75%
0.49
-70.08%
1.65
-20.82%
2.08
Stockholders Equity
54.30
+30.10%
41.74
+22.18%
34.16
+3.35%
33.05
Common Stock Equity
54.30
+30.10%
41.74
+22.18%
34.16
+3.35%
33.05
Capital Stock
0.05
+0.00%
0.05
+0.00%
0.05
+1.89%
0.05
Common Stock
0.05
+0.00%
0.05
+0.00%
0.05
+1.89%
0.05
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
5.35
+0.04%
5.35
-0.08%
5.35
+0.08%
5.35
Ordinary Shares Number
5.31
+0.04%
5.30
-0.08%
5.31
+0.08%
5.30
Treasury Shares Number
0.04
+0.00%
0.04
+0.00%
0.04
+0.00%
0.04
Additional Paid In Capital
7.78
+0.76%
7.72
-1.24%
7.81
+5.03%
7.44
Retained Earnings
46.58
+36.71%
34.07
+29.08%
26.39
+2.85%
25.66
Treasury Stock
0.10
+0.00%
0.10
+0.00%
0.10
+0.00%
0.10
Total Equity Gross Minority Interest
54.30
+30.10%
41.74
+22.18%
34.16
+3.35%
33.05
Total Capitalization
58.10
+25.83%
46.17
+17.63%
39.25
+1.21%
38.78
Working Capital
34.41
+65.15%
20.84
+20.41%
17.31
-2.31%
17.72
Invested Capital
58.75
+25.45%
46.83
+17.41%
39.89
+1.23%
39.40
Total Debt
4.54
-12.83%
5.21
-9.84%
5.77
-10.77%
6.47
Capital Lease Obligations
0.09
-18.92%
0.11
+146.67%
0.04
-63.11%
0.12
Net Tangible Assets
54.30
+30.10%
41.74
+22.18%
34.16
+3.35%
33.05
Tangible Book Value
54.30
+30.10%
41.74
+22.18%
34.16
+3.35%
33.05
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
14.30
+177.26%
5.16
-33.29%
7.73
+222.07%
-6.33
Cash Flow From Continuing Operating Activities
14.30
+177.26%
5.16
-33.29%
7.73
+222.07%
-6.33
Net Income From Continuing Operations
12.51
+62.94%
7.67
+865.41%
0.80
-0.63%
0.80
Depreciation Amortization Depletion
2.89
+8.37%
2.66
+11.05%
2.40
-16.73%
2.88
Depreciation And Amortization
2.89
+8.37%
2.66
+11.05%
2.40
-16.73%
2.88
Other Non Cash Items
—
-0.14
—
—
Stock Based Compensation
0.06
+31.11%
0.04
-88.00%
0.38
-25.74%
0.51
Provisionand Write Offof Assets
-0.61
-281.36%
0.34
+1790.00%
-0.02
-105.59%
0.36
Deferred Tax
0.97
+183.49%
-1.16
-166.59%
-0.43
-433.85%
0.13
Deferred Income Tax
0.97
+183.49%
-1.16
-166.59%
-0.43
-433.85%
0.13
Operating Gains Losses
-0.02
-5.26%
-0.02
+94.51%
-0.35
-217.43%
-0.11
Gain Loss On Investment Securities
—
—
—
—
Unrealized Gain Loss On Investment Securities
—
—
—
—
Gain Loss On Sale Of PPE
-0.02
-5.26%
-0.02
+94.51%
-0.35
-217.43%
-0.11
Change In Working Capital
-1.48
+65.05%
-4.25
-185.55%
4.96
+145.54%
-10.90
Change In Receivables
-7.06
-110.15%
-3.36
-4842.65%
-0.07
+99.05%
-7.17
Changes In Account Receivables
-7.22
-184.58%
-2.54
-151.09%
-1.01
+84.59%
-6.55
Change In Inventory
-0.23
+85.14%
-1.54
-14.06%
-1.35
-36.88%
-0.99
Change In Prepaid Assets
-0.75
-357.59%
0.29
+142.77%
-0.68
-198.68%
-0.23
Change In Payables And Accrued Expense
1.36
+175.81%
-1.79
-178.03%
2.29
+30.94%
1.75
Change In Accrued Expense
0.85
+415.76%
0.17
-63.09%
0.45
+521.70%
-0.11
Change In Payable
0.51
+125.88%
-1.96
-205.85%
1.85
-0.59%
1.86
Change In Account Payable
0.44
+114.63%
-3.02
-298.82%
1.52
-59.41%
3.75
Change In Other Working Capital
5.20
+141.09%
2.16
-54.76%
4.77
+211.72%
-4.27
Investing Cash Flow
-9.32
-51.51%
-6.15
-31.86%
-4.66
-77.27%
-2.63
Cash Flow From Continuing Investing Activities
-9.32
-51.51%
-6.15
-31.86%
-4.66
-77.27%
-2.63
Net PPE Purchase And Sale
-9.32
-51.51%
-6.15
-31.86%
-4.66
-77.27%
-2.63
Purchase Of PPE
-9.34
-50.54%
-6.20
-23.81%
-5.01
-82.25%
-2.75
Sale Of PPE
0.02
-62.26%
0.05
-84.68%
0.35
+193.22%
0.12
Capital Expenditure
-9.34
-50.54%
-6.20
-23.81%
-5.01
-82.25%
-2.75
Net Investment Purchase And Sale
—
—
—
0.00
Purchase Of Investment
—
—
—
0.00
Sale Of Investment
—
—
—
0.00
Financing Cash Flow
-0.65
-1.89%
-0.64
-2.58%
-0.62
-128.15%
2.20
Cash Flow From Continuing Financing Activities
-0.65
-1.89%
-0.64
-2.58%
-0.62
-128.15%
2.20
Net Issuance Payments Of Debt
-0.65
-1.89%
-0.64
-2.58%
-0.62
-127.83%
2.22
Issuance Of Debt
—
—
0.00
-100.00%
2.81
Repayment Of Debt
-0.65
-1.89%
-0.64
-2.58%
-0.62
-6.54%
-0.58
Long Term Debt Issuance
—
—
0.00
-100.00%
2.81
Long Term Debt Payments
-0.65
-1.89%
-0.64
-2.58%
-0.62
-6.54%
-0.58
Net Long Term Debt Issuance
-0.65
-1.89%
-0.64
-2.58%
-0.62
-127.83%
2.22
Common Stock Dividend Paid
—
—
—
—
Cash Dividends Paid
—
—
—
—
Net Other Financing Charges
—
—
—
-0.03
Changes In Cash
4.34
+366.50%
-1.63
-166.44%
2.45
+136.20%
-6.77
Beginning Cash Position
7.55
-17.73%
9.18
+36.41%
6.73
-50.15%
13.49
End Cash Position
11.88
+57.45%
7.55
-17.73%
9.18
+36.41%
6.73
Free Cash Flow
4.96
+574.93%
-1.04
-138.39%
2.72
+129.97%
-9.08
Interest Paid Supplemental Data
0.23
+0.90%
0.22
-12.55%
0.26
-1.92%
0.26
Income Tax Paid Supplemental Data
3.49
+54.70%
2.26
+1093.65%
0.19
-91.64%
2.26
Change In Income Tax Payable
0.06
-94.00%
1.07
+226.30%
0.33
+117.33%
-1.89
Change In Tax Payable
0.06
-94.00%
1.07
+226.30%
0.33
+117.33%
-1.89
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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