Smith Midland Corp. (SMID)
Nasdaq · Concrete Products, Except Block & Brick · Manufacturing · CIK 924719 · fiscal year ends in Dec
Closing price $22.66 on 30 Oct 2026; 52-week range $21.00 to $39.82.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $89.5M
- Revenue growth
- -1.6%
- Earnings per share
- $1.46
- Gross margin
- 32.2%
- Operating margin
- 18.2%
- Market value
- $120.3M
- Price to earnings
- 15.5x
- Cash
- $10.7M
- Debt
- $3.5M
- Debt to equity
- 0.06
- Shares outstanding
- 5.3M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $93.4M | $17.0M | $12.5M | $2.36 | $5.0M | 10-K filed 14 Apr 2026 |
| FY2024 | 31 Dec 2024 | $78.5M | $9.9M | $7.7M | $1.45 | -$1.0M | 10-K filed 27 May 2025 |
| FY2023 | 31 Dec 2023 | $59.6M | $1.1M | $795.0K | $0.15 | $2.7M | 10-K filed 23 May 2024 |
| FY2022 | 31 Dec 2022 | $50.1M | $854.0K | $800.0K | $0.15 | -$9.1M | 10-K filed 17 Apr 2023 |
| FY2021 | 31 Dec 2021 | $50.6M | $6.2M | $7.6M | $1.45 | $3.8M | 10-K filed 31 Mar 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $23.4M | $1.4M | $0.26 |
| Q1 FY2026 | 31 Mar 2026 | $21.6M | $1.3M | $0.25 |
| Q4 FY2025 | 31 Dec 2025 | $23.1M | – | $0.41 |
| Q3 FY2025 | 30 Sep 2025 | $21.5M | $2.9M | $0.54 |
| Q2 FY2025 | 30 Jun 2025 | $26.2M | $4.2M | $0.79 |
| Q1 FY2025 | 31 Mar 2025 | $22.7M | $3.3M | $0.62 |
| Q4 FY2024 | 31 Dec 2024 | $18.5M | – | $0.28 |
| Q3 FY2024 | 30 Sep 2024 | $23.6M | $3.1M | $0.59 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By product, FY2025
| Segment | Revenue | Share |
|---|---|---|
| Product Sales | $48.3M | 51.7% |
| Service Revenue | $45.2M | 48.3% |
Company events
The newest 8-K filings of 144 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 25 Aug 2026 | 8-K | Investor update | 7.01, 9.01 |
| 14 Aug 2026 | 8-K | Results | 2.02, 9.01 |
| 23 Jul 2026 | 8-K | Shareholder vote | 5.07 |
| 11 Jun 2026 | 8-K | Investor update | 7.01, 9.01 |
| 9 Jun 2026 | 8-K | Results | 2.02, 9.01 |
| 4 Jun 2026 | 8-K | Delisting notice | 3.01, 9.01 |
| 14 Apr 2026 | 8-K | Results | 2.02, 9.01 |
| 24 Mar 2026 | 8-K | Results | 2.02, 9.01 |
| 14 Nov 2025 | 8-K | Results | 2.02, 9.01 |
| 21 Aug 2025 | 8-K | Investor update | 7.01, 9.01 |
| 14 Aug 2025 | 8-K | Results | 2.02, 9.01 |
| 6 Aug 2025 | 8-K | Shareholder vote | 5.07 |
Every filing
The newest filings with the SEC of 384 held.
| Filed | Form | Period |
|---|---|---|
| 19 Oct 2026 | S-8 | – |
| 25 Aug 2026 | 8-K | 25 Aug 2026 |
| 14 Aug 2026 | 10-Q | 30 Jun 2026 |
| 14 Aug 2026 | 8-K | 9 Jun 2026 |
| 23 Jul 2026 | 8-K | 16 Jul 2026 |
| 11 Jun 2026 | 8-K | 10 Jun 2026 |
| 10 Jun 2026 | 10-Q | 31 Mar 2026 |
| 9 Jun 2026 | 8-K | 9 Jun 2026 |
| 4 Jun 2026 | ARS | 31 Dec 2025 |
| 4 Jun 2026 | 8-K | 29 May 2026 |
| 2 Jun 2026 | DEF 14A | 1 Jun 2026 |
| 14 May 2026 | NT 10-Q | 31 Mar 2026 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 7 Dec 2018 | Smith Ashley B, Chief Executive Officer | Purchase | 1,275 | $7.69 | $9.8K | 173,042 | 2 Sep 2026 |
| 24 Nov 2025 | Gerhardt Richard, Director | Sale outside a trading plan | 666 | $33.26 | $22.2K | 5,137 | 25 Nov 2025 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 7 Oct 2026 | THOMPSON DAVIS & CO., INC. | 13D amended | 35.4% | 1.9M |
| 14 Nov 2025 | Rodney I. Smith | 13G | 10.1% | 534.5K |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 213.9K | +4.93% | 18.65 |
| 30 Sep 2026 | 203.8K | +0.47% | 13.76 |
| 15 Sep 2026 | 202.9K | +8.17% | 17.25 |
| 31 Aug 2026 | 187.6K | +4.26% | 11.19 |
| 14 Aug 2026 | 179.9K | +4.8% | 12.58 |
| 31 Jul 2026 | 171.7K | -0.48% | 10.04 |
| 15 Jul 2026 | 172.5K | +1.75% | 14.46 |
| 30 Jun 2026 | 169.5K | +0.1% | 8.1 |
Funds that hold it
From each fund's latest Form 13F.
62 funds held it at 30 Jun 2026: 22 added and 17 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| Thompson Davis & Co., Inc. | 1,824,119 | $52.9M | -17,656 |
| Needham Investment Management LLC | 225,000 | $6.5M | 0 |
| BlackRock, Inc. | 196,437 | $5.7M | +35,330 |
| Vanguard Capital Management LLC | 137,332 | $4.0M | -42,981 |
| Geode Capital Management, LLC | 89,742 | $2.6M | +6,842 |
| Bard Associates Inc. | 79,875 | $2.3M | -458 |
| RBF Capital, LLC | 74,200 | $2.2M | 0 |
| Rice Hall James & Associates, LLC | 53,979 | $1.6M | +2,633 |
| Dimensional Fund Advisors LP | 50,555 | $1.5M | +5,826 |
| State Street Corp. | 45,713 | $1.3M | -520 |