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SMID logoSmith-Midland Corporation (SMID) Earnings History

Annual and quarterly earnings data from 1994 to 2024

TTM Net Income
$12M
Profitable
TTM EPS
$2.22
Diluted
YoY EPS Growth
+866.7%
Excellent
Net Margin
9.8%
Profitability
Operating Margin12.6%
Gross Margin25.5%
ROE20.2%
ROA11.9%
Highest Annual Net Income$8M (2024)
Highest Quarterly EPS$0.79 (Q2 2025)
Consecutive Profitable Years10 years
Q3 2025
Net Income$3M
EPS$0.54
QoQ Growth-31.0%Declining

Loading earnings history...

SMID EPS Growth (CAGR)

Compound annual growth rate of diluted earnings per share

1-Year
+866.7%
Excellent
3-Year
+0.0%
Solid
5-Year
+30.7%
Excellent
10-Year
N/A
N/M

CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.

SMID Profitability Analysis

Margin trends over time

View revenue breakdown →
YearGross MarginOperating MarginNet Margin
202425.5%12.6%9.8%
202317.9%1.9%1.3%
202218.9%1.7%1.6%
202128.5%12.2%14.9%
202025.2%8.6%6.1%
Gross Margin = Gross Profit ÷ Revenue
Operating Margin = Operating Income ÷ Revenue
Net Margin = Net Income ÷ Revenue

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Smith-Midland Corporation (SMID) Earnings Overview

As of May 8, 2026, Smith-Midland Corporation (SMID) reported trailing twelve-month net income of $12M, reflecting +866.7% year-over-year growth. The company earned $2.22 per diluted share over the past four quarters, with a net profit margin of 9.8%.

Looking at the long-term picture, SMID's 5-year EPS compound annual growth rate (CAGR) stands at +30.7%, indicating exceptional earnings growth. The company achieved its highest annual net income of $8M in fiscal 2024, representing a new all-time high.

Smith-Midland Corporation maintains positive profitability with a gross margin of 25.5%, operating margin of 12.6%, and net margin of 9.8%. The company continues to generate positive earnings from operations. View revenue history →

Compared to peers including USLM ($131M net income, 36.0% margin), ARLO ($31M net income, 2.8% margin), CSTE (-$137M net income, -34.6% margin), SMID has room to improve margins relative to the peer group. Compare SMID vs USLM →

SMID Earnings vs Peers

Earnings metrics vs comparable public companies

CompanyTTM Net IncomeTTM EPSNet MarginROEYoY GrowthCompare
SMID logoSMIDCurrent
$12M$2.229.8%20.2%+866.7%—
USLM logoUSLM
$131M$4.5436.0%23.8%+23.2%
ARLO logoARLO
$31M$0.282.8%13.1%+145.2%
CSTE logoCSTE
-$137M$-3.98-34.6%-66.6%-252.2%
VMC logoVMC
$1.1B$8.4713.6%13.0%+18.5%
MLM logoMLM
$2.5B$41.9517.4%11.7%-42.0%
Best in group
Lowest in group

SMID Historical Earnings Data (1994–2024)

31 years
Fiscal Year Net Income YoY % Operating Income EPS (Diluted) Net Margin Op. Margin
2024$8M+865.4%$10M$1.459.8%12.6%
2023$795,000-0.6%$1M$0.151.3%1.9%
2022$800,000-89.4%$854,000$0.151.6%1.7%
2021$8M+184.1%$6M$1.4514.9%12.2%
2020$3M+36.7%$4M$0.516.1%8.6%
2019$2M+15.5%$3M$0.384.2%5.5%
2018$2M-37.1%$2M$0.334.2%5.5%
2017$3M-5.3%$4M$0.536.4%8.9%
2016$3M+171.5%$4M$0.567.1%10.8%
2015$1M+229.8%$2M$0.213.6%5.7%

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Is SMID Undervalued?

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Compare SMID vs LIN

Side-by-side business, growth, and profitability comparison vs Linde plc.

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SMID — Frequently Asked Questions

Quick answers to the most common questions about buying SMID stock.

Is SMID growing earnings?

SMID EPS is $2.22, with earnings growth accelerating to +866.7%. This exceeds the 5-year CAGR of +30.7%. TTM net income reached $12M.

What are SMID's profit margins?

Smith-Midland Corporation net margin is +9.8%, with operating margin at +12.6%. Margins sit within typical range for the sector.

How consistent are SMID's earnings?

SMID earnings data spans 1994-2024. The accelerating earnings trend is +866.7% YoY. Historical data enables comparison across business cycles.

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SMID Earnings Over Time (2013–2024)

Net income and EPS trends