Smith-Midland Corporation (SMID) — Financial statements
Income statement, balance sheet, and cash flow for Smith-Midland Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 93↑19.0% | 79↑31.8% | 60↑18.8% | 50↓1.0% | 51 | |
| Cost of Revenue | 67↑15.2% | 58↑19.6% | 49↑20.3% | 41↑12.3% | 36 | |
| Gross Profit | 26↑30.1% | 20↑87.9% | 11↑12.5% | 9↓34.3% | 14 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 6↓13.5% | 7↑9.4% | 6↑7.9% | 6↑2.5% | 5 | |
| Selling & Marketing Expenses | 3↓5.1% | 4↑0.4% | 4↑15.7% | 3↑8.0% | 3 | |
| SG&A Expenses | 9↓10.6% | 10↑6.1% | 10↑10.7% | 9↑4.4% | 8 | |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 9↓10.6% | 10↑6.1% | 10↑10.7% | 9↑4.4% | 8 | |
| Total Costs & Expenses | 76↑11.4% | 69↑17.4% | 58↑18.6% | 49↑10.8% | 44 | |
| Operating Results | ||||||
| Operating Income | 17↑71.7% | 10↑785.4% | 1↑30.9% | 0.85↓86.2% | 6 | |
| Depreciation & Amortization | 0.00↓100.0% | 3↑12.0% | 2↓17.8% | 3↑8.3% | 3 | |
| EBITDA | 17↑33.9% | 13↑221.4% | 4↓3.4% | 4↓65.7% | 12 | |
| EBIT | 17↑69.4% | 10↑536.8% | 2↑31.0% | 1↓87.0% | 9 | |
| Interest & Other Income | ||||||
| Net Interest Income | -0.06↑67.9% | -0.18↑20.3% | -0.23↑6.1% | -0.25↓58.7% | -0.16 | |
| Interest Income | 0.17↑253.2% | 0.05↑95.8% | 0.02↑71.4% | 0.01↓60.0% | 0.04 | |
| Interest Expense | 0.23↓2.6% | 0.23↓9.4% | 0.26↓1.9% | 0.26↑36.8% | 0.19 | |
| Non-Operating Income | -0.03↑78.7% | -0.15↑67.4% | -0.46↓31.1% | -0.35↑88.7% | -3 | |
| Other Income / Expenses | 0.03↑139.5% | -0.08↓139.5% | 0.21↑125.3% | 0.09↓96.9% | 3 | |
| Income Before Tax | 17↑73.4% | 10↑642.1% | 1↑40.0% | 0.95↓89.6% | 9 | |
| Income Tax Expense | 5↑110.9% | 2↑305.9% | 0.53↑264.1% | 0.15↓90.5% | 2 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 13↑62.9% | 8↑865.4% | 0.80↓0.6% | 0.80↓89.4% | 8 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 13↑62.9% | 8↑865.4% | 0.80↓0.6% | 0.80↓89.4% | 8 | |
| Bottom-Line Net Income | 13↑62.9% | 8↑865.4% | 0.80↓0.6% | 0.80↓89.4% | 8 | |
| EPS (Basic) | 2.36↑62.8% | 1.45↑866.7% | 0.15↑0.0% | 0.15↓89.7% | 1.45 | |
| EPS (Diluted) | 2.36↑62.8% | 1.45↑866.7% | 0.15↑0.0% | 0.15↓89.7% | 1.45 | |
| Weighted Average Shares | 5↑0.0% | 5↑0.9% | 5↑0.5% | 5↑0.5% | 5 | |
| Weighted Average Diluted Shares | 5↑0.0% | 5↑0.2% | 5↑0.7% | 5↑0.4% | 5 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.