SMITH MIDLAND CORP
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Product sales | $48.3M+5.8% | $45.6M+17.7% | $38.7M+39.3% | $27.8M-2.4% | $28.5M |
| Barrier rentals | $19.7M+63.9% | $12.0M+89.9% | $6.3M-3.3% | $6.5M-34.1% | $9.9M |
| Royalty income | $4.2M+27.9% | $3.3M+23.9% | $2.6M+5.4% | $2.5M+12.7% | $2.2M |
| Shipping and installation revenue | $21.3M+21.0% | $17.6M+48.3% | $11.9M-10.5% | $13.3M+32.7% | $10.0M |
| Total revenue | $93.4M+19.0% | $78.5M+31.8% | $59.6M+18.8% | $50.1M-1.0% | $50.6M |
| Cost of sales | $67.4M+15.2% | $58.5M+19.6% | $48.9M+20.3% | $40.7M+12.3% | $36.2M |
| Gross profit | $26.0M+30.1% | $20.0M+87.9% | $10.7M+12.5% | $9.5M-34.3% | $14.4M |
| General and administrative expenses | $5.7M-13.5% | $6.6M+9.4% | $6.0M+7.9% | $5.6M+2.5% | $5.4M |
| Selling expenses | $3.4M-5.1% | $3.6M+0.4% | $3.5M+15.7% | $3.1M+8.0% | $2.8M |
| Total operating expenses | $9.0M-10.6% | $10.1M+6.1% | $9.5M+10.7% | $8.6M+4.4% | $8.3M |
| Operating income | $17.0M+71.7% | $9.9M+785.4% | $1.1M+30.9% | $854K-86.2% | $6.2M |
| Interest expense | -$225K+2.6% | -$231K+9.4% | -$255K+1.9% | -$260K-36.8% | -$190K |
| Interest income | $166K+253.2% | $47K+95.8% | $24K+71.4% | $14K-60.0% | $35K |
| Gain on sale of assets | $20K+5.3% | $19K-94.5% | $346K+217.4% | $109K-65.6% | $317K |
| Other income, net | $71K-15.5% | $84K-6.7% | $90K-60.5% | $228K+216.7% | $72K |
| Total other income (expense), net | $32K+139.5% | -$81K-139.5% | $205K+125.3% | $91K-96.9% | $2.9M |
| Income before income tax expense | $17.0M+73.4% | $9.8M+642.1% | $1.3M+40.0% | $945K-89.6% | $9.1M |
| Income tax expense | $4.5M+110.9% | $2.1M+305.9% | $528K+264.1% | $145K-90.5% | $1.5M |
| Net income | $12.5M+62.9% | $7.7M+865.4% | $795K-0.6% | $800K-89.4% | $7.6M |
| Basic and diluted earnings per share | $2360.00+62.8% | $1450.00+866.7% | $150.00+0.0% | $150.00-89.7% | $1450.00 |
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
Smith-Midland reports Q1 2026 revenue of $21.6M with 29% product sales growth, but earnings decline due to absence of prior-year special projects
“We expect this demand to sustain throughout 2026 as infrastructure spending continues at the federal, state and local levels.”
No Form 4 transactions on record.
| Agency |
|---|
| National Aeronautics and Space Administration |
Informational purposes only, not investment advice.