Smith-Midland (SMID) Financials: Revenue & Earnings
SMID$21.43+0.17 +0.80%
$113.68M
Market Cap
14.65
P/E
—
Forward P/E
—
Score
Smith-Midland (SMID) Financials: Revenue & Earnings
SMID price $21.43 +0.17 +0.80%
- Ticker
- SMID
- Price
- $21.43
- Change
- +0.17 +0.80%
- Market cap ?
- $113.68M
- P/E ?
- 14.65
- Dividend yield ?
- 0.00%
- Beta ?
- 1.67
- Sector
- Basic Materials
- Industry
- Construction Materials
Financials
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| 40050046 | 41717000 | 40220000 | 46691000 | 43862000 | 50642000 | 50131000 | 59580000 | 78508000 | 93446000 |
Smith-Midland Corporation, operating through its subsidiaries, specializes in the comprehensive provision of precast concrete solutions. This involves the invention, development, manufacturing, marketing, leasing, licensing, selling, and installation of these products, primarily serving the construction, highway, utilities, and agricultural industries. Among its key offerings is SlenderWall, a patented, lightweight…
Fair value
SMID fair value $18.03. Price $21.43. Price is 19% above fair value.
Above fair value, but less expensive than usual. A smaller premium than on 87% of days in the past 5 years.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Average free cash flow, last three years 2.21M. Growth 16.33%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 12.00% (beta 1.7). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 5.30M. Net debt -7.35M. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the stock's own 10-year median P/E, kept between 8 and 40. Fewer than five years of history uses the sector's typical P/E. Fair value is the average of the cash-flow value and the earnings value when both exist. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
Earnings
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2026-11-12 | — | — | — | — |
| 2026-08-14 | 0.26 | — | 23.36M | — |
| 2026-06-09 | 0.25 | — | 21.57M | — |
| 2026-04-14 | 0.40 | — | 23.11M | — |
| 2025-11-13 | 0.54 | — | 21.45M | — |
| 2025-09-20 | 0.27 | — | 18.53M | 21.45M |
| 2025-08-14 | 0.79 | — | 26.19M | — |
| 2025-07-10 | 0.27 | — | 22.70M | — |
| 2024-11-14 | 0.59 | — | 23.58M | — |
| 2024-08-14 | 0.37 | — | 19.64M | — |
| 2024-06-11 | 0.21 | — | 16.76M | — |
| 2024-04-19 | 0.04 | — | 16.39M | — |
| 2023-11-09 | 0.24 | — | 15.65M | — |
| 2023-09-29 | -0.15 | — | 14.70M | — |
| 2023-05-15 | 0.02 | — | 12.84M | — |
| 2023-03-30 | 0.00 | — | 14.49M | — |
| 2022-11-03 | 0.00 | — | 11.96M | — |
| 2022-08-11 | 0.17 | — | 13.25M | — |
| 2022-05-12 | -0.02 | — | 10.44M | — |
| 2022-03-31 | 0.00 | — | 10.02M | — |
| 2021-11-09 | 0.30 | — | 13.10M | — |
| 2021-08-10 | 0.19 | — | 12.31M | — |
| 2021-05-11 | 0.55 | — | 15.22M | — |
| 2021-03-30 | 0.13 | — | 11.07M | — |
| 2020-11-10 | 0.30 | — | 12.52M | — |
| 2020-08-11 | 0.09 | — | 10.45M | — |
| 2020-05-14 | -0.01 | — | 9.82M | — |
| 2020-03-26 | 0.15 | — | 12.44M | — |
| 2019-11-07 | 0.11 | — | 13.21M | — |
| 2019-08-08 | 0.05 | — | 10.85M | — |
| 2019-05-14 | 0.06 | — | 10.19M | — |
| 2019-03-26 | 0.18 | — | 11.72M | — |
| 2018-11-13 | 0.10 | — | 9.54M | — |
| 2018-08-02 | 0.14 | — | 9.83M | — |
| 2018-05-10 | -0.08 | — | 9.12M | — |
| 2018-03-29 | 0.01 | — | 10.01M | — |
| 2017-11-14 | 0.15 | — | 11.48M | — |
| 2017-08-10 | 0.14 | — | 10.73M | — |
| 2017-05-12 | 0.17 | — | 9.50M | — |
| 2017-03-30 | 0.16 | — | 9.96M | — |
Dividends
Yield 0.00%. Payout ratio 0.00%. Frequency Special.
Safety score 55/100 · Moderate. Payout ratio is 0% of earnings. Free-cash-flow coverage is not available, so this part stays neutral. Dividends were paid in 8 separate years. There is no dividend yield.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| 2019-12-19 | $0.06 | 2019-12-20 | 2020-01-03 | Special |
| 2018-12-18 | $0.06 | 2018-12-19 | 2019-01-02 | Annual |
| 2017-12-26 | $0.05 | — | — | Annual |
| 2016-12-28 | $0.01 | 2016-12-30 | 2017-01-13 | Annual |
| 2015-12-16 | $0.04 | 2015-12-18 | 2015-12-30 | Annual |
| 2014-12-23 | $0.04 | 2014-12-17 | 2014-12-30 | Annual |
| 2013-12-31 | $0.03 | 2013-12-20 | — | Monthly |
| 2013-12-18 | $0.03 | 2013-12-20 | 2013-12-27 | Special |
| 2012-12-21 | $0.05 | 2012-12-14 | 2012-12-31 | Annual |
Insider trades
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-09-02 | Smith Matthew I | Buy | 2.00K | $27.15 | 54.30K |
| 2026-09-02 | Smith Matthew I | Buy | 2.00K | $27.15 | 54.30K |
| 2026-09-01 | SMITH ASHLEY B | Buy | 2.00K | $26.87 | 53.74K |
| 2026-09-01 | SMITH ASHLEY B | Buy | 2.00K | $26.87 | 53.74K |
| 2026-01-05 | Hunter Dominic L | Buy | 408 | — | — |
| 2025-12-19 | Bruner James Russell | Buy | 414 | — | — |
| 2025-12-19 | Van de Water Read | Buy | 414 | — | — |
| 2025-12-19 | Gerhardt Richard | Buy | 414 | — | — |
| 2025-11-24 | Gerhardt Richard | Sell | 666 | $33.26 | 22.15K |
| 2025-08-22 | SMITH RODNEY I | Sell | 13.66K | $41.36 | 564.81K |
| 2025-08-21 | SMITH RODNEY I | Sell | 1.29K | $40.00 | 51.60K |
| 2025-08-20 | Bruner James Russell | Sell | 6.00K | $39.06 | 234.36K |
| 2025-08-19 | SMITH RODNEY I | Sell | 54 | $42.76 | 2.31K |
| 2025-04-17 | Hunter Dominic L | Other | 0 | — | — |
| 2024-12-10 | SMITH ASHLEY B | Sell | 10.00K | — | — |
| 2024-06-14 | Gerhardt Richard | Sell | 1.33K | $36.50 | 48.69K |
| 2024-05-30 | SMITH ASHLEY B | Buy | 15.08K | — | — |
| 2024-05-30 | SMITH ASHLEY B | Sell | 5.02K | $37.12 | 186.19K |
| 2024-05-30 | Smith Matthew I | Buy | 6.49K | — | — |
| 2024-05-30 | Smith Matthew I | Sell | 2.16K | $37.12 | 80.07K |
| 2023-12-28 | Smith Matthew I | Sell | 0 | — | — |
| 2023-12-21 | Van de Water Read | Other | 0 | — | — |
| 2023-12-14 | Bruner James Russell | Buy | 423 | — | — |
| 2023-12-14 | TAYLOR WESLEY A | Buy | 423 | — | — |
| 2023-12-14 | Gerhardt Richard | Buy | 423 | — | — |
| 2023-12-14 | SMITH RODNEY I | Sell | 40.00K | — | — |
| 2023-06-08 | TAYLOR WESLEY A | Sell | 3.70K | $17.57 | 65.00K |
| 2023-06-07 | TAYLOR WESLEY A | Sell | 1.30K | $17.44 | 22.67K |
| 2023-01-01 | Poe Stephanie | Sell | 0 | — | — |
| 2022-12-08 | Gerhardt Richard | Sell | 444 | $19.75 | 8.77K |
| 2022-12-08 | TAYLOR WESLEY A | Sell | 683 | $19.86 | 13.56K |
| 2022-12-08 | Krick Adam Jay | Sell | 1.09K | $19.86 | 21.59K |
| 2022-12-08 | SMITH ASHLEY B | Sell | 1.30K | $19.86 | 25.82K |
| 2022-10-26 | TAYLOR WESLEY A | Sell | 344 | $24.04 | 8.27K |
| 2022-10-26 | Gerhardt Richard | Sell | 306 | $24.04 | 7.36K |
| 2022-10-26 | Krick Adam Jay | Sell | 516 | $24.04 | 12.40K |
| 2021-12-10 | SMITH ASHLEY B | Sell | 1.00K | $36.11 | 36.22K |
| 2021-12-10 | Krick Adam Jay | Sell | 1.10K | $36.11 | 39.61K |
| 2021-12-10 | SMITH RODNEY I | Sell | 458 | $36.11 | 16.54K |
| 2021-12-10 | TAYLOR WESLEY A | Sell | 334 | $36.11 | 12.06K |
| 2021-12-10 | Gerhardt Richard | Sell | 713 | $36.66 | 26.14K |
| 2021-10-26 | SMITH ASHLEY B | Buy | 5.00K | — | — |
| 2021-10-26 | Krick Adam Jay | Buy | 3.00K | — | — |
| 2021-10-26 | SMITH RODNEY I | Buy | 750 | — | — |
| 2021-10-26 | Gerhardt Richard | Buy | 2.00K | — | — |
| 2021-10-26 | Bruner James Russell | Buy | 2.00K | — | — |
| 2021-10-26 | TAYLOR WESLEY A | Buy | 2.00K | — | — |
| 2021-09-08 | SMITH ASHLEY B | Buy | 1.10K | $17.75 | 19.52K |
| 2021-08-30 | SMITH RODNEY I | Sell | 300 | $19.10 | 5.73K |
| 2021-08-27 | SMITH RODNEY I | Sell | 7.03K | $19.10 | 134.33K |
| 2021-08-26 | SMITH RODNEY I | Sell | 867 | $19.02 | 16.49K |
| 2021-08-25 | SMITH RODNEY I | Sell | 103 | $19.00 | 1.96K |
| 2021-08-23 | SMITH RODNEY I | Sell | 2.50K | $19.07 | 47.66K |
| 2021-08-20 | SMITH RODNEY I | Sell | 800 | $19.13 | 15.30K |
| 2021-08-19 | SMITH RODNEY I | Sell | 4.00K | $19.02 | 76.08K |
| 2021-08-18 | SMITH RODNEY I | Sell | 27.06K | $19.02 | 514.55K |
| 2021-08-17 | SMITH RODNEY I | Sell | 500 | $19.04 | 9.52K |
| 2021-08-13 | SMITH RODNEY I | Sell | 200 | $19.02 | 3.80K |
| 2021-07-21 | SMITH RODNEY I | Sell | 3.90K | $19.08 | 74.41K |
| 2021-07-20 | SMITH RODNEY I | Sell | 50.00K | — | — |
| 2021-04-09 | SMITH ASHLEY B | Buy | 1.59K | — | — |
| 2021-04-09 | Krick Adam Jay | Buy | 691 | — | — |
| 2021-04-09 | SMITH RODNEY I | Buy | 171 | — | — |
| 2021-04-09 | Gerhardt Richard | Buy | 171 | — | — |
| 2021-04-09 | Bruner James Russell | Buy | 171 | — | — |
| 2021-04-09 | TAYLOR WESLEY A | Buy | 171 | — | — |
| 2020-12-08 | SMITH ASHLEY B | Buy | 10.00K | — | — |
| 2020-12-08 | Krick Adam Jay | Buy | 6.00K | — | — |
| 2020-12-08 | TAYLOR WESLEY A | Buy | 4.00K | — | — |
| 2020-12-08 | Bruner James Russell | Buy | 4.00K | — | — |
| 2020-12-08 | Gerhardt Richard | Buy | 4.00K | — | — |
| 2020-12-08 | SMITH RODNEY I | Buy | 1.50K | — | — |
| 2020-06-08 | SMITH ASHLEY B | Buy | 4.20K | $4.79 | 20.12K |
| 2019-12-13 | Krick Adam Jay | Buy | 130 | $6.05 | 786 |
| 2019-12-12 | Krick Adam Jay | Buy | 25 | $6.38 | 160 |
| 2019-12-11 | Bruner James Russell | Buy | 1.00K | $6.25 | 6.25K |
| 2019-12-10 | Bruner James Russell | Buy | 5.00K | $6.25 | 31.25K |
| 2019-12-06 | SMITH ASHLEY B | Buy | 3.00K | $6.61 | 19.83K |
| 2018-12-10 | Krick Adam Jay | Buy | 390 | $7.69 | 3.00K |
| 2018-12-07 | SMITH ASHLEY B | Buy | 1.27K | $7.69 | 9.80K |
| 2018-12-07 | SMITH ASHLEY B | Buy | 1.27K | $7.69 | 9.80K |
| 2018-12-07 | SMITH ASHLEY B | Buy | 1.27K | $7.69 | 9.80K |
| 2018-12-05 | Bruner James Russell | Other | 0 | — | — |
| 2018-01-01 | Krick Adam Jay | Sell | 0 | — | — |
| 2017-10-31 | SMITH RODNEY I | Sell | 1.00K | $7.90 | 7.90K |
| 2017-09-29 | SMITH RODNEY I | Sell | 1.00K | $8.00 | 8.00K |
| 2017-09-28 | SMITH RODNEY I | Sell | 1.00K | $7.80 | 7.80K |
| 2017-09-20 | SMITH RODNEY I | Sell | 1.00K | $7.55 | 7.55K |
| 2017-09-19 | SMITH RODNEY I | Sell | 1.00K | $7.55 | 7.55K |
| 2017-09-18 | SMITH RODNEY I | Sell | 1.00K | $7.40 | 7.40K |
| 2017-09-14 | SMITH RODNEY I | Sell | 1.00K | $7.75 | 7.75K |
| 2017-09-13 | SMITH RODNEY I | Sell | 1.00K | $7.75 | 7.75K |
| 2017-08-01 | SMITH RODNEY I | Sell | 3.00K | $7.75 | 23.25K |
| 2017-07-25 | SMITH RODNEY I | Sell | 2.00K | $7.78 | 15.56K |
| 2017-07-24 | SMITH RODNEY I | Sell | 1.00K | $7.75 | 7.75K |
| 2017-07-21 | SMITH RODNEY I | Sell | 1.00K | $7.70 | 7.70K |
| 2017-07-20 | SMITH RODNEY I | Sell | 1.00K | $7.65 | 7.65K |
| 2017-07-19 | SMITH RODNEY I | Sell | 1.70K | $7.59 | 12.90K |
| 2017-07-18 | SMITH RODNEY I | Sell | 2.00K | $7.65 | 15.30K |
| 2017-07-14 | SMITH RODNEY I | Sell | 1.10K | $7.61 | 8.37K |
Institutional holders
Latest filed quarter: Q2 2026.
Institutions holding: 57, holders 0 vs prior quarter. Ownership 57.15%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| THOMPSON DAVIS & CO., INC. | 1.82M | -17.66K | -0.96% | 52.90M |
| NEEDHAM INVESTMENT MANAGEMENT LLC | 225.00K | 0 | 0.00% | 6.53M |
| BLACKROCK, INC. | 196.44K | 35.33K | +21.93% | 5.70M |
| VANGUARD CAPITAL MANAGEMENT LLC | 137.33K | -42.98K | -23.84% | 3.98M |
| GEODE CAPITAL MANAGEMENT, LLC | 89.74K | 6.84K | +8.25% | 2.60M |
| BARD ASSOCIATES INC | 79.88K | -458 | -0.57% | 2.32M |
| RBF CAPITAL, LLC | 74.20K | 0 | 0.00% | 2.15M |
| RICE HALL JAMES & ASSOCIATES, LLC | 53.98K | 2.63K | +5.13% | 1.57M |
| DIMENSIONAL FUND ADVISORS LP | 50.55K | 5.83K | +13.03% | 1.47M |
| STATE STREET CORP | 45.71K | -520 | -1.12% | 1.33M |
| HERITAGE INVESTORS MANAGEMENT CORP | 38.27K | 0 | 0.00% | 1.11M |
| VANGUARD FIDUCIARY TRUST CO | 30.04K | 2.07K | +7.39% | 871.28K |
| NORTHERN TRUST CORP | 25.84K | -2.23K | -7.94% | 749.48K |
| MORGAN STANLEY | 22.88K | 9.94K | +76.80% | 663.61K |
| TOPLINE CAPITAL MANAGEMENT, LLC | 20.01K | 20.01K | New | 580.35K |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 19.37K | 2.95K | +17.96% | 561.82K |
| INTRUST BANK NA | 12.10K | 0 | 0.00% | 350.84K |
| BANK OF NEW YORK MELLON CORP | 11.22K | 475 | +4.42% | 325.44K |
| WAVERLY ADVISORS, LLC | 10.00K | 0 | 0.00% | 290.12K |
| GOLDMAN SACHS GROUP INC | 8.90K | 1.76K | +24.61% | 258.16K |
| SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. | 8.73K | 8.73K | New | 253.05K |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 8.73K | 1.28K | +17.21% | 253.05K |
| LOS ANGELES CAPITAL MANAGEMENT LLC | 7.08K | 0 | 0.00% | 205.47K |
| UBS GROUP AG | 6.58K | -526 | -7.40% | 190.88K |
| CALDWELL SUTTER CAPITAL, INC. | 3.27K | 0 | 0.00% | 94.89K |
Earnings and financials
Smith-Midland Corporation (SMID) trades at $21.43, with a market cap of $113.68M and a trailing P/E of 14.65. Revenue below is the annual history on file. It describes what the business has already reported. It is not a forecast and it is not a recommendation.
Financials
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| 40050046 | 41717000 | 40220000 | 46691000 | 43862000 | 50642000 | 50131000 | 59580000 | 78508000 | 93446000 |
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