NASDAQ:SMID
Smith Midland Corp.
Smith Midland Corp.'s revenue grew 19.0% in fiscal 2025 to $93.4M while operating margin rose to 18.2%, its highest in 10 years. Free cash flow was $5.0M, 5.3% of revenue.Summary generated from Smith Midland Corp.'s SEC filings. Latest annual report filed Apr 14, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$93.4M
Revenue growth+19.0%
Revenue, 5-yr CAGR+16.3%
Gross margin27.9%
Operating margin18.2%
Net margin13.4%
ROICn/a
Return on equity26.0%
Debt / equityn/a
Free cash flow$5.0M
FCF margin5.3%
Share count change+0.3%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 51 | 50 | 60 | 79 | 93 |
| Operating income | 6 | 1 | 1 | 10 | 17 |
| Net income | 8 | 1 | 1 | 8 | 13 |
| Free cash flow | 4 | −9 | 3 | −1 | 5 |
Recent filings
- 4Insider transaction report
Sep 3, 2026 - 4Insider transaction report
Sep 3, 2026 - 8-KRegulation FD disclosure
Aug 25, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 14, 2026 - 8-KResults of operations and financial condition
Aug 14, 2026 - 8-KResults of a shareholder vote
Jul 23, 2026 - 8-KRegulation FD disclosure
Jun 11, 2026 - 10-QQuarterly report for the period ended Mar 31, 2026
Jun 10, 2026