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Smith-Midland Corporation SMID R2K

Basic Materials · Building Materials · United States
https://smithmidland.com

Smith-Midland Corporation invents, develops, manufactures, markets, leases, licenses, sells, and installs various precast concrete products and systems. The company offers SlenderWall lightweight construction panel, a lightweight exterior cladding used for the exterior walls of buildings; Sierra Wall that provides sound and sight barrier for use alongside highways around residential, industrial, and commercial properties; J-J Hooks highway safety barriers, which are used on roadways to separate lanes of traffic in construction work zone or traffic control purposes; and Easi-Set precast building and Easi-Span expandable precast buildings for use in housing communications operations, traffic control systems, and mechanical and electrical stations. It also provides Easi-Set utility vaults used to house equipment, such as cable, telephone, or traffic signal equipment, and for underground storage, as well as manufactures custom-built utility vaults for special needs; SoftSound soundwall panels that absorbs highway noise; Beach Prisms erosion control modules for seawalls and jetties; and H2Out secondary drainage and street level leak detection product for panelized exterior cladding. The company licenses its proprietary products in the United States, Canada, New Zealand, Australia, Belgium, Mexico, and Trinidad. It markets its products through in-house sales force and independent sales representatives; contractors performing public and private construction contracts, such as construction of commercial buildings, public and private roads and highways, airports, and municipal utilities; and federal, state, and local transportation authorities. The company serves construction, highway, utilities, and farming industries. Smith-Midland Corporation was founded in 1960 and is based in Midland, Virginia.

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$32.05
+6.34% 1Y

Market & Price

Market Cap
$170.08M
Current Price
$32.05
High / Low (52W)
$43.24 / $26.25
Beta
1.77

Valuation

Stock P/E
13.58
Industry PE
24.80
Forward P/E
-
PEG Ratio
1.20
Book Value
$10.23
Price to Book
3.13
P/S
1.82
EV/EBITDA
8.19
Dividend Yield
-

Profitability & Returns

ROCE
23.50%
ROE
26.04%
ROA
13.64%
Profit Margin
13.38%
Op Margin
14.00%
EPS (Latest Qtr)
$0.54
EPS (TTM)
$2.36

Balance Sheet & Liquidity

Debt/Equity
0.08
Quick Ratio
2.81
Current Ratio
3.40
Debt
$4.54M
Total Assets
$87.73M
Current Assets
$48.75M
Working Capital
$34.41M

Ownership

Promoter Holding
13.90%
Chg in Prom Hold
-
FII / Inst Holding
58.16%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
$162.73M
Total Revenue (TTM)
$93.45M
EBITDA
$19.88M
Free Cash Flow
$-5.14M
Operating Cash Flow
$14.30M
Shares Outstanding
5.31M
Gross Margin
27.86%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
23.07%
Profit 5Y
150.04%
Revenue (YoY)
24.70%
Earnings (YoY)
52.60%

PROS

  • Strong return on equity of 26.0%.
  • Healthy ROCE of 23.5%.
  • Compounding revenue at 23.1% over 5 years.
  • Profit CAGR of 150.0% over 5 years.

CONS

  • Trading 25.9% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Basic Materials).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 SMID Smith-Midland Corporation R2K 32.05 13.58 $170.08M - 23.50% 26.04% 23.07% 150.04%
2 LIN Linde plc NDXSPX 497.69 33.00 $230.11B 1.29% 13.07% 18.23% 0.62% 18.48%
3 NEM Newmont Corporation SPX 109.81 14.24 $117.23B 0.95% 22.51% 25.83% 23.91% 583.84%
4 FCX Freeport-McMoRan Inc. SPX 65.71 34.77 $94.46B 0.91% 12.93% 15.63% 4.39% -14.02%
5 SHW The Sherwin-Williams Company SPX 303.84 29.16 $74.94B 1.05% 20.04% 60.72% 2.10% 8.34%
6 CRH CRH plc SPX 108.79 20.18 $72.69B 1.43% 11.33% 15.81% 4.60% -1.15%
7 ECL Ecolab Inc. SPX 256.00 34.59 $72.05B 1.14% 14.89% 22.43% 4.26% 23.88%
8 APD Air Products and Chemicals, Inc. SPX 278.62 29.33 $62.04B 2.60% -0.62% 12.35% -1.77% -39.16%
9 NUE Nucor Corporation SPX 250.00 24.80 $56.94B 0.90% 8.80% 12.29% -7.84% -38.80%
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Quarterly Results

Figures in USD.

Metric Jun 2013Sep 2013Mar 2014Jun 2014Sep 2014Mar 2015Jun 2015Sep 2015Mar 2016Jun 2016Sep 2016Mar 2017Jun 2017Sep 2017Mar 2018Jun 2018Sep 2018Mar 2019Jun 2019Sep 2019Mar 2020Jun 2020Sep 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue ------------10.73M11.48M-9.83M9.54M------------------18.53M22.70M26.19M21.45M23.11M
Cost of Revenue -----------------------------------14.14M15.72M18.40M15.69M17.59M
Gross Profit 1.05M1.76M730.01K1.41M1.52M529.99K1.67M3.12M1.28M2.07M3.32M3.32M2.88M3.18M1.59M2.98M2.59M2.22M2.16M2.59M1.60M2.38M3.84M5.72M3.31M3.20M1.65M3.23M2.08M2.17M1.79M3.58M3.91M5.13K-4.39M6.97M7.79M5.76M5.52M
Operating Expenses -----------------------------------2.52M2.59M2.27M1.91M2.28M
Operating Income -350.50K484.96K-536.49K96.28K216.77K-832.87K416.78K1.77M-146.62K633.61K1.36M1.36M1.09M1.23M-553.00K911.00K664.00K447.00K373.00K753.00K-42.00K573.00K2.05M3.80M1.28M1.27M-173.00K1.10M4.00K54.00K-981.00K1.50M1.51M2.67K-1.87M4.39M5.52M3.85M3.23M
EBITDA -----------------------------------2.58M5.07M6.17M4.53M4.36M
Interest Expense -----------------------------------56.00K55.00K62.00K44.00K64.00K
Pretax Income -----------------------------------1.86M4.35M5.48M3.87M3.33M
Tax Provision -----------------------------------460.00K1.02M1.31M994.00K1.20M
Net Income -222.91K271.91K-328.54K29.98K112.49K-524.37K244.86K1.15M418.92K418.92K857.00K857.00K711.00K748.00K-422.00K692.00K520.00K340.00K288.00K579.00K-38.00K441.00K1.55M2.87M985.00K3.69M-119.00K910.00K5.00K80.00K-782.00K1.27M1.15M1.98M-1.40M3.33M4.17M2.88M2.13M
Diluted EPS -0.050.06-0.070.010.02-0.110.050.23-0.020.080.170.170.140.15-0.080.140.100.060.060.11-0.010.090.30-0.190.71-0.020.170.000.02-0.15-0.210.370.59-0.620.790.54-

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue ------41.72M40.22M46.69M43.86M-50.13M59.58M78.51M93.45M
Cost of Revenue -----------40.66M48.93M58.50M67.41M
Gross Profit 4.60M5.45M6.57M3.85M7.11M10.35M11.46M10.49M9.97M11.04M-9.47M10.65M20.01M26.04M
Operating Expenses -----------8.62M9.53M10.11M9.04M
Operating Income -364.84K687.76K1.28M-1.19M1.58M4.34M3.71M2.22M2.55M3.76M-854.00K1.12M9.90M16.99M
EBITDA -----------4.09M3.98M12.71M20.14M
Interest Expense -----------260.00K255.00K231.00K225.00K
Pretax Income -----------945.00K1.32M9.82M17.03M
Tax Provision -----------145.00K528.00K2.14M4.52M
Net Income -351.68K376.69K691.50K-804.84K1.04M2.83M2.68M1.69M1.95M2.67M-800.00K795.00K7.67M12.51M
Diluted EPS -0.070.080.14-0.160.210.560.530.330.380.511.450.150.151.45-

Compounded Sales Growth

5 Years:23.07%
1 Year:24.70%

Compounded Profit Growth

5 Years:150.04%
1 Year:52.60%

Stock Price Performance

1 Year:+6.34%
6 Months:-6.64%
3 Months:-16.56%
1 Month:-3.32%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets -17.53M16.82M18.66M16.30M18.85M23.41M29.23M41.37M42.12M46.50M-54.31M61.35M67.99M87.73M
Current Assets ------------28.94M33.33M35.85M48.75M
Cash & Equivalents 2.57M2.13M4.37M3.14M1.74M1.74M3.52M3.39M----6.73M9.18M7.55M11.88M
Inventory ------------3.82M5.15M6.68M6.93M
Receivables ------------17.21M17.73M20.75M28.40M
Total Liabilities -6.80M5.95M7.24M5.82M7.46M9.17M12.02M22.52M21.29M22.85M-21.26M27.19M26.25M33.42M
Current Liabilities -2.98M2.60M4.06M2.93M4.53M5.06M7.83M11.86M9.60M8.90M-11.22M16.02M15.01M14.33M
Long Term Debt ------------5.73M5.09M4.44M3.80M
Total Debt ------------6.47M5.77M5.21M4.54M
Total Equity 10.96M10.73M10.87M11.42M10.47M11.39M14.24M17.20M18.88M20.82M23.65M-33.05M34.16M41.74M54.30M
Shares Outstanding ------------5.35M5.35M5.35M5.35M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow -83.11K2.89M819.85K1.43M18.89K4.00M2.93M8.47M3.93M7.49M--6.33M7.73M5.16M14.30M
Investing Cash Flow -643.28K2.05K-1.87M-498.05K-1.65M-3.71M-2.73M-10.64M-4.74M-2.42M--2.63M-4.66M-6.15M-9.32M
Financing Cash Flow 283.91K-654.43K-180.29K-491.96K-206.80K1.50M-332.00K726.00K227.00K2.33M-2.20M-619.00K-635.00K-647.00K
Capital Expenditure -742.74K-110.28K-908.61K-465.83K-1.64M-3.75M-2.74M-5.23M-4.51M-2.63M--2.75M-5.01M-6.20M-9.34M
Free Cash Flow -825.84K2.78M-88.76K960.52K-1.62M250.00K185.00K3.24M-581.00K4.86M--9.08M2.72M-1.04M4.96M
Net Change in Cash ------------6.77M2.45M-1.63M4.34M

Ratios (Annual)

Figures in %.

Metric Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % ------27.5%26.1%21.4%25.2%-18.9%17.9%25.5%27.9%
Operating Margin % ------8.9%5.5%5.5%8.6%-1.7%1.9%12.6%18.2%
Net Margin % ------6.4%4.2%4.2%6.1%-1.6%1.3%9.8%13.4%
ROE % -3.3%3.5%6.1%-7.7%9.2%19.9%15.6%8.9%9.4%11.3%-2.4%2.3%18.4%23.0%
ROCE % -2.5%4.8%8.8%-8.9%11.0%23.6%17.4%7.5%7.8%10.0%-2.0%2.5%18.7%23.2%

Shareholding Pattern

Insiders
13.90%
Institutions
58.16%
Public Float
67.55%

Top Institutional Holders

#Holder% HeldSharesValue
1 Thompson Davis & Company Inc. 35.53% 1.84M $59.03M
2 Needham Investment Management, L.L.C. 4.34% 225.00K $7.21M
3 Vanguard Capital Management LLC 3.48% 180.31K $5.78M
4 Blackrock Inc. 3.11% 161.11K $5.16M
5 Geode Capital Management, LLC 1.60% 82.90K $2.66M
6 Bard Associates Inc. 1.55% 80.33K $2.57M
7 RBF Capital, LLC 1.43% 74.20K $2.38M
8 Rice, Hall, James & Associates LLC 0.99% 51.35K $1.65M
9 State Street Corporation 0.89% 46.23K $1.48M
10 Dimensional Fund Advisors LP 0.86% 44.73K $1.43M

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