Last 46 quarters of trend data · Basic Materials · Construction Materials
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Smith-Midland Corporation's quarterly P/E stands at 17.1x, up 20.7% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 9.9% YoY to 10.5x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 20.03 | 17.08 | 10.62 | 12.53 | 42.75 | 14.15 | 18.71 | 55.93 | 227.01 | 19.80 | — | 310.59 | 2697.37 |
| — | +20.7% | -43.2% | -77.6% | -81.2% | -28.6% | — | -82.0% | -91.6% | -99.7% | — | — | +5.6% | |
| P/S Ratio | 1.96 | 2.28 | 1.70 | 1.82 | 3.18 | 1.88 | 1.88 | 3.75 | 3.19 | 1.61 | 2.10 | 1.93 | 1.86 |
| — | +21.5% | -9.4% | -51.6% | -0.2% | +16.7% | -10.8% | +94.1% | +71.4% | -45.6% | +51.2% | -13.1% | -70.0% | |
| P/B Ratio | 3.69 | 3.76 | 3.62 | 3.66 | 5.65 | 4.39 | 3.96 | 7.12 | 6.12 | 2.98 | 3.81 | 2.99 | 3.26 |
| — | -14.5% | -8.8% | -48.6% | -7.6% | +47.4% | +4.1% | +137.8% | +87.6% | -30.7% | +69.4% | +2.4% | -58.3% | |
| P/FCF | — | 7.59 | — | 25.40 | — | 24.14 | 36.92 | — | 15.41 | 20.57 | 37.37 | — | — |
| — | -68.6% | — | — | — | +17.4% | -1.2% | — | — | — | — | — | — | |
| EV / EBITDA | 12.08 | 10.47 | 7.15 | 7.95 | 23.02 | 9.53 | 10.94 | 29.09 | 45.67 | 11.88 | — | 39.20 | 39.52 |
| — | +9.9% | -34.7% | -72.7% | -49.6% | -19.8% | — | -25.8% | +15.6% | -74.7% | — | -2.3% | -65.9% | |
| EV / EBIT | 15.33 | 11.95 | 7.93 | 9.13 | 30.51 | 11.11 | 13.61 | 41.44 | 77.74 | 15.98 | — | 152.09 | — |
| — | +7.5% | -41.8% | -78.0% | -60.8% | -30.5% | — | -72.8% | — | -97.1% | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Smith-Midland Corporation's operating margin was 18.0% in Q3 2025, down 3.1 pp QoQ and up 1.6 pp YoY. Gross margin contracted 3.8% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 25.5% | 26.8% | 29.7% | 30.7% | 23.7% | 27.9% | 26.1% | 23.3% | 19.1% | 22.9% | 12.2% | 16.9% | 17.3% |
| — | -3.8% | +13.8% | +31.7% | +24.2% | +22.0% | +115.1% | +38.4% | +10.1% | +31.2% | -50.1% | +6.8% | -20.6% | |
| Operating Margin | 12.6% | 18.0% | 21.1% | 19.3% | 10.1% | 16.3% | 13.6% | 9.0% | 3.3% | 9.6% | -6.7% | 0.4% | -0.5% |
| — | +10.1% | +54.8% | +114.6% | +204.8% | +70.0% | +303.9% | +2041.7% | +747.4% | +28547.2% | -180.7% | +125.4% | +71.4% | |
| Net Margin | 9.8% | 13.4% | 15.9% | 14.7% | 7.5% | 13.4% | 10.1% | 6.8% | 1.4% | 8.1% | -5.3% | 0.6% | 0.0% |
| — | +0.4% | +57.9% | +114.1% | +437.2% | +65.1% | +289.6% | +998.8% | +4984.8% | +19251.4% | -177.5% | +154.6% | -88.5% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 20.2% | 5.7% | 8.8% | 7.7% | 3.4% | 8.1% | 5.5% | 3.3% | 0.7% | 3.8% | -2.4% | 0.2% | 0.0% |
| — | -30.2% | +61.8% | +132.1% | +403.1% | +112.7% | +329.3% | +1266.7% | +5492.6% | +25032.9% | -184.5% | +164.5% | -84.1% | |
| ROA | 11.9% | 3.5% | 5.4% | 4.7% | 2.1% | 4.8% | 3.1% | 1.8% | 0.4% | 2.2% | -1.4% | 0.1% | 0.0% |
| — | -28.4% | +74.2% | +156.6% | +437.0% | +115.9% | +320.5% | +1175.6% | +5194.5% | +24176.1% | -185.4% | +165.8% | -83.5% | |
| ROIC | 21.2% | 6.4% | 9.4% | 8.2% | 3.7% | 8.0% | 5.8% | 3.5% | 1.3% | 3.3% | -2.1% | 0.1% | -0.2% |
| — | -20.3% | +62.7% | +134.3% | +193.2% | +141.3% | +372.2% | +2841.8% | +798.1% | +30973.8% | -166.1% | +121.3% | +70.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Smith-Midland Corporation's Debt/EBITDA ratio is 1.0x, up from 0.8x last quarter — comfortably within a safe range. Debt/Equity has declined for 12 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.12 | 0.09 | 0.10 | 0.11 | 0.12 | 0.13 | 0.15 | 0.16 | 0.17 | 0.18 | 0.19 | 0.19 | 0.20 |
| — | -31.4% | -32.5% | -29.6% | -26.2% | -25.3% | -22.4% | -16.4% | -13.7% | -13.8% | -10.3% | -14.6% | +42.8% | |
| Debt / EBITDA | 0.41 | 1.05 | 0.79 | 1.00 | 2.05 | 1.16 | 1.63 | 2.61 | 5.13 | 2.80 | — | 9.71 | 9.51 |
| — | -9.8% | -51.6% | -61.8% | -60.0% | -58.5% | — | -73.2% | -46.1% | -69.5% | — | -27.1% | +12.8% | |
| Current Ratio | 2.39 | 2.76 | 2.88 | 2.41 | 2.39 | 2.78 | 2.27 | 2.05 | 2.08 | 2.31 | 2.19 | 2.32 | 2.58 |
| — | -0.5% | +27.0% | +17.4% | +14.8% | +20.0% | +3.5% | -11.5% | -19.3% | -13.5% | -15.9% | +7.2% | +29.2% | |
| Quick Ratio | 1.94 | 2.33 | 2.44 | 1.98 | 1.94 | 2.28 | 1.82 | 1.65 | 1.76 | 1.99 | 1.82 | 1.94 | 2.24 |
| — | +2.0% | +34.4% | +19.5% | +10.5% | +14.8% | -0.4% | -14.8% | -21.4% | -13.9% | -20.5% | +0.3% | +24.9% | |
| Interest Coverage | 42.85 | 87.59 | 89.00 | 79.76 | 33.36 | 68.71 | 45.31 | 25.15 | 8.60 | 23.47 | -15.33 | 0.84 | -1.01 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 46 years · Updated daily
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Quick answers to the most common questions about buying SMID stock.
Smith-Midland Corporation's current P/E is 20.0x. The average P/E over the last 4 quarters is 20.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Smith-Midland Corporation's current operating margin is 12.6%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Smith-Midland Corporation's business trajectory between earnings reports.