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SMIDSmith-Midland Corporation
$26.11$139M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
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SMID logo

Smith-Midland Corporation

SMID
NASDAQ · Cement & Aggregates
$26.11
At close - Nov 6, 4:00 PM EST - USD
Market Cap$139M
P/E17.9x
52W High$40.00
Volume11.13K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Margin Compression and Cash Volatility Cloud SMID's Recovery Case

Smith-Midland's balance sheet has expanded steadily, with total assets rising from $64.9M in 2024Q1 to $86.7M in 2026Q2 and retained earnings climbing from $27.5M to $49.3M, while total debt has fallen to $4.2M and debt-to-equity sits at 0.07.

GrowthMixed
ProfitabilityModerate
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

SMID price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

0/12 Beats

EPS beat 0 of last 12 quarters

02

Valuation risk

-18% Peers

P/E is 18% below peer median

03

Market leadership

RS 40 · Lag

Laggard (Underperforming 60% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystConfirmed earnings · Nov 12

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
SMID-30.35%
S&P 500 (^GSPC)+7.63%
1-Year Return
SMID-29.81%
S&P 500 (^GSPC)+9.69%
3-Year Return
SMID+27.37%
S&P 500 (^GSPC)+73.32%
5-Year Return
SMID+16.04%
S&P 500 (^GSPC)+61.20%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
17.9x
Forward P/E
N/A
EV/EBITDA0th %ile
9.1x
FCF YieldCash Flow
3.0%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
17.9x
32.4x
20th· Low
EV/EBITDA
9.1x
26.8x
0th· Low
Price/FCF
33.2x
65.4x
0th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$93M+19.0% YoY
Net income FY25
$13M+62.9% YoY
Free cash flow FY25
$5M+574.9% YoY
Operating margin FY25
18.2%+5.6 pts YoY
ROIC (FY25)29.5%
Avg ROIC 5Y15.2%
ROE (TTM)14.1%
Piotroski Score7 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
Revenue Beat Rate0/12 (0%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 14, 2026
$0.26
vs —
$23M
vs —
Q3 2026
Jun 9, 2026
$0.25
vs —
$22M
vs —
Q2 2026
Apr 14, 2026
$0.40
vs —
$23M
vs —
Q4 2025
Nov 13, 2025
$0.54
vs —
$21M
vs —
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Seeking Alpha·4d ago
Baron SMID Cap ETF Q3 2026 Contributors And Detractors

Baron SMID Cap ETF returned -2.87% (NAV) in the third quarter, outperforming its benchmark, the Russell 2500 Growth Index, which returned -10.35%. Top contributors were Rubrik, Inc., Tempus AI, Inc., and Netskope, Inc. Top detractors were Axon Enterprise, Inc., Forgent Power Solutions, Inc., and Mercury Systems, Inc.

Accesswire·Oct 22, 2026
Smith-Midland Wins $2.2M Virginia SlenderWall(R) School Contract

MIDLAND, VA / ACCESS Newswire / October 22, 2026 / Smith-Midland Corporation (NASDAQ:SMID), a leading manufacturer of innovative precast concrete products for transportation, infrastructure, and building construction, has secured a $2.2 million contract to manufacture and supply its proprietary SlenderWall® architectural precast wall system for the new Drew Middle School in Stafford County, Virginia. Manufacturing is scheduled to begin at Smith-Midland's Virginia facility in February 2027, with installation scheduled to start in May 2027.

ETF Trends·Sep 16, 2026
PRFZ Is Turning 20: A Battle-Tested SMID-Cap ETF

As market concentration pushes valuations toward historic highs, funds that combine small-cap and mid-cap (SMID) companies present a compelling option. However, all SMID-cap funds aren't created equal.

Accesswire·Sep 15, 2026
Smith-Midland Secures $2.2M Contract for Newport News Navy Project

MIDLAND, VA / ACCESS Newswire / September 15, 2026 / Smith-Midland Corporation (NASDAQ:SMID), a leading manufacturer of innovative precast concrete products for transportation, infrastructure, and building construction, has secured a $2.2 million contract to manufacture and supply SlenderWall® architectural precast panels, architectural precast components, and precast stair systems for a new operations and office facility at Newport News Shipbuilding in Newport News, Virginia. The award further strengthens Smith-Midland's position in the architectural precast market while expanding its portfolio of projects serving government, industrial, and mission-critical infrastructure.

Filtered for Smith-Midland CorporationMore Headlines
04

Compare before deciding

Benchmark SMID against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Smith-Midland Corporation (SMID)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
SMID logoSMIDSmith-Midland CorporationCurrent
$26.11$138.55M17.9319.03%8.63%14.11%—
USLM logoUSLMUnited States Lime & Minerals, Inc.
$118.10$3.39B25.4217.31%35.08%19.65%0.2%
ARLO logoARLOArlo Technologies, Inc.
$12.34$1.34B55.643.6%4.11%15.91%—
CSTE logoCSTECaesarstone Ltd.
$1.27$43.91M-0.31-10.38%-37.38%-96.85%—
VMC logoVMCVulcan Materials Company
$282.72$36.68B33.196.94%13.77%13%0.7%
MLM logoMLMMartin Marietta Materials, Inc.
$518.15$31.11B14.640.12%31.95%18.24%0.63%

Compare SMID vs Peers

Smith-Midland Corporation (SMID) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs USLM

Most directly comparable listed peer for SMID.

Scale Benchmark

vs CAT

Larger-name benchmark to compare SMID against a more recognizable public peer.

Peer Set

Compare Top 5

vs USLM, ARLO, CSTE, VMC

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

SMID SEC Filings & Documents

Smith-Midland Corporation (SMID) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 25, 2026·SEC

Material company update

Aug 14, 2026·SEC

Material company update

Jul 23, 2026·SEC

10-K Annual Reports

3
FY 2026

Apr 14, 2026·SEC

FY 2025

May 27, 2025·SEC

FY 2024

May 23, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 14, 2026·SEC

FY 2026

Jun 10, 2026·SEC

FY 2025

Nov 14, 2025·SEC

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SMID Frequently Asked Questions

Smith-Midland Corporation (SMID) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Smith-Midland Corporation's revenue?

Smith-Midland Corporation (SMID) reported $89.5M in revenue over the trailing twelve months. Revenue was $93.4M in fiscal year 2025. That is 719% more than the $11.4M of fiscal year 1996.

How fast is Smith-Midland Corporation growing?

Smith-Midland Corporation (SMID) revenue fell by 1.6% over the trailing twelve months, compared with the twelve months before.

Is SMID profitable?

Yes. Smith-Midland Corporation (SMID) earned $7.7M in net income over the trailing twelve months (a 8.6% net margin).

Dividend & Returns
What is SMID's return on equity?

Smith-Midland Corporation (SMID) had a return on equity (ROE) of 14.1% over the trailing twelve months. That is in line with the market's typical 10-15%.

What is Smith-Midland Corporation's free cash flow?

Smith-Midland Corporation (SMID) generated $4.2M in free cash flow over the trailing twelve months.

What if you invested $1,000 in SMID back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →