Smith-Midland Corporation (SMID) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 21.57M | 23.11M | 21.45M | 26.19M | 22.7M | 18.53M | 23.58M | 19.64M | 16.76M | 16.39M | 15.65M | 14.7M | 12.84M | 14.49M | 11.96M | 13.25M | 10.44M | 10.02M | 13.1M | 12.31M |
| Revenue Growth % | -4.96% | 24.72% | -9.04% | 33.34% | 35.46% | 13.07% | 50.67% | 33.62% | 30.48% | 13.13% | 30.9% | 10.9% | 23.07% | 44.62% | -8.73% | 7.69% | -31.43% | -9.54% | 4.67% | 17.77% |
| Cost of Goods Sold | 17.27M | 17.59M | 15.69M | 18.4M | 15.72M | 14.14M | 17M | 14.51M | 12.85M | 13.27M | 12.07M | 12.91M | 10.68M | 11.98M | 9.87M | 10.02M | 8.79M | 7.83M | 9.9M | 8.99M |
| COGS % of Revenue | 80.05% | 76.12% | 73.15% | 70.27% | 69.27% | 76.33% | 72.11% | 73.86% | 76.66% | 80.94% | 77.15% | 87.85% | 83.13% | 82.69% | 82.59% | 75.63% | 84.21% | 78.21% | 75.56% | 73.07% |
| Gross Profit | 4.3M | 5.52M | 5.76M | 7.79M | 6.97M | 4.39M | 6.58M | 5.13M | 3.91M | 3.12M | 3.58M | 1.79M | 2.17M | 2.51M | 2.08M | 3.23M | 1.65M | 2.18M | 3.2M | 3.31M |
| Gross Margin % | 19.95% | 23.88% | 26.85% | 29.73% | 30.73% | 23.67% | 27.89% | 26.14% | 23.34% | 19.06% | 22.85% | 12.15% | 16.87% | 17.31% | 17.41% | 24.37% | 15.79% | 21.79% | 24.44% | 26.93% |
| Gross Profit Growth % | -38.31% | 25.81% | -12.45% | 51.69% | 78.34% | 40.44% | 83.9% | 187.4% | 80.56% | 24.52% | 71.81% | -44.71% | 31.43% | 14.89% | -34.98% | -2.53% | -71.2% | -32.29% | -16.64% | 39.42% |
| Operating Expenses | 2.58M | 2.28M | 1.91M | 2.27M | 2.59M | 2.52M | 2.73M | 2.46M | 2.4M | 2.58M | 2.08M | 2.77M | 2.11M | 2.58M | 2.08M | 2.13M | 1.82M | 2.36M | 1.93M | 2.04M |
| OpEx % of Revenue | 11.94% | 9.88% | 8.88% | 8.66% | 11.4% | 13.59% | 11.58% | 12.53% | 14.34% | 15.75% | 13.26% | 18.83% | 16.45% | 17.82% | 17.38% | 16.1% | 17.45% | 23.58% | 14.76% | 16.54% |
| Selling, General & Admin | 2.58M | 2.28M | 1.91M | 2.27M | 2.59M | 2.52M | 2.73M | 2.46M | 2.4M | 2.58M | 2.08M | 2.77M | 2.11M | 2.58M | 2.08M | 2.13M | 1.82M | 2.36M | 1.93M | 2.04M |
| SG&A % of Revenue | 11.94% | 9.88% | 8.88% | 8.66% | 11.4% | 13.59% | 11.58% | 12.53% | 14.34% | 15.75% | 13.26% | 18.83% | 16.45% | 17.82% | 17.38% | 16.1% | 17.45% | 23.58% | 14.76% | 16.54% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8K | 0 |
| Operating Income | 1.73M | 3.23M | 3.85M | 5.52M | 4.39M | 1.87M | 3.85M | 2.67M | 1.51M | 542K | 1.5M | -981K | 54K | -74K | 4K | 1.1M | -173K | -179K | 1.27M | 1.28M |
| Operating Margin % | 8.01% | 14% | 17.97% | 21.07% | 19.33% | 10.08% | 16.32% | 13.61% | 9.01% | 3.31% | 9.6% | -6.67% | 0.42% | -0.51% | 0.03% | 8.27% | -1.66% | -1.79% | 9.68% | 10.38% |
| Operating Income Growth % | -60.61% | 73.18% | 0.16% | 106.43% | 190.72% | 244.65% | 156.19% | 372.48% | 2694.44% | 832.43% | 37450% | -189.51% | 131.21% | 58.66% | -99.68% | -14.24% | -104.55% | -115.2% | -38.12% | 123.04% |
| EBITDA | 2.68M | 4.21M | 4.47M | 6.15M | 5.06M | 2.54M | 4.55M | 3.33M | 2.15M | 1.13M | 2.12M | -399K | 648K | 680K | 731K | 1.79M | 530K | 516K | 1.93M | 1.95M |
| EBITDA Margin % | 12.42% | 18.2% | 20.82% | 23.48% | 22.28% | 13.69% | 19.29% | 16.94% | 12.83% | 6.86% | 13.55% | -2.71% | 5.05% | 4.69% | 6.11% | 13.53% | 5.08% | 5.15% | 14.7% | 15.84% |
| EBITDA Growth % | -47.03% | 65.89% | -1.82% | 84.88% | 135.26% | 125.42% | 114.52% | 933.58% | 231.79% | 65.44% | 190.15% | -122.25% | 22.26% | 31.78% | -62.05% | -8.05% | -88.08% | -71.32% | -27.59% | 65.11% |
| D&A (Non-Cash Add-back) | 951K | 972K | 613K | 631K | 671K | 668K | 702K | 653K | 641K | 583K | 619K | 582K | 594K | 754K | 727K | 697K | 703K | 695K | 658K | 672K |
| EBIT | 1.81M | 3.16M | 3.92M | 5.54M | 4.4M | 1.91M | 3.9M | 2.67M | 1.56M | 661K | 1.58M | -828K | 167K | -34K | 62K | 1.29M | -111K | -118K | 4.18M | 1.37M |
| Net Interest Income | 18K | 17K | 28K | -56K | -48K | -45K | -34K | -52K | -52K | -56K | -58K | -59K | -58K | -68K | -66K | -68K | -45K | -39K | -37K | -46K |
| Interest Income | 65K | 81K | 72K | 6K | 7K | 11K | 22K | 7K | 8K | 7K | 6K | 5K | 6K | 5K | 3K | 3K | 3K | 6K | 10K | 10K |
| Interest Expense | 47K | 64K | 44K | 62K | 55K | 56K | 56K | 59K | 60K | 63K | 64K | 64K | 64K | 73K | 69K | 71K | 48K | 45K | 47K | 56K |
| Other Income/Expense | 33K | 90K | 17K | -36K | -39K | -11K | -4K | -60K | -5K | 56K | 11K | 89K | 49K | -33K | -11K | 121K | 14K | 16K | 2.87M | 35K |
| Pretax Income | 1.76M | 3.33M | 3.87M | 5.48M | 4.35M | 1.86M | 3.84M | 2.61M | 1.5M | 598K | 1.51M | -892K | 103K | -107K | -7K | 1.22M | -159K | -163K | 4.14M | 1.31M |
| Pretax Margin % | 8.16% | 14.39% | 18.05% | 20.93% | 19.16% | 10.02% | 16.3% | 13.31% | 8.98% | 3.65% | 9.67% | -6.07% | 0.8% | -0.74% | -0.06% | 9.18% | -1.52% | -1.63% | 31.57% | 10.67% |
| Income Tax | 422K | 1.2M | 994K | 1.31M | 1.02M | 460K | 694K | 632K | 357K | 368K | 247K | -110K | 23K | -111K | -12K | 307K | -40K | -187K | 442K | 328K |
| Effective Tax Rate % | 23.96% | 35.94% | 25.68% | 23.91% | 23.46% | 24.77% | 18.05% | 24.19% | 23.74% | 61.54% | 16.33% | 12.33% | 22.33% | 103.74% | 171.43% | 25.23% | 25.16% | 114.72% | 10.69% | 24.98% |
| Net Income | 1.34M | 2.13M | 2.88M | 4.17M | 3.33M | 1.4M | 3.15M | 1.98M | 1.15M | 230K | 1.27M | -782K | 80K | 4K | 5K | 910K | -119K | 24K | 3.69M | 985K |
| Net Margin % | 6.21% | 9.22% | 13.41% | 15.93% | 14.66% | 7.54% | 13.36% | 10.09% | 6.85% | 1.4% | 8.09% | -5.32% | 0.62% | 0.03% | 0.04% | 6.87% | -1.14% | 0.24% | 28.2% | 8% |
| Net Income Growth % | -59.75% | 52.54% | -8.67% | 110.55% | 190.06% | 507.39% | 148.82% | 353.32% | 1333.75% | 5650% | 25220% | -185.93% | 167.23% | -83.33% | -99.86% | -7.61% | -104.15% | -96.63% | 138.48% | 123.36% |
| Net Income (Continuing) | 1.34M | 2.13M | 2.88M | 4.17M | 3.33M | 1.4M | 3.15M | 1.98M | 1.15M | 230K | 1.27M | -782K | 80K | 4K | 5K | 910K | -119K | 24K | 3.69M | 985K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.25 | 0.41 | 0.54 | 0.79 | 0.62 | 0.26 | 0.59 | 0.37 | 0.21 | 0.04 | 0.24 | -0.15 | 0.02 | 0.00 | 0.00 | 0.17 | -0.02 | 0.00 | 0.71 | 0.19 |
| EPS Growth % | -59.68% | 57.69% | -8.47% | 113.51% | 195.24% | 497.7% | 145.83% | 346.67% | 1290.73% | - | - | -188.24% | 166.23% | - | -99.87% | -10.53% | -104.15% | -96.46% | 136.67% | 111.11% |
| EPS (Basic) | 0.25 | 0.40 | 0.54 | 0.79 | 0.63 | 0.26 | 0.59 | 0.37 | 0.22 | 0.04 | 0.24 | -0.15 | 0.02 | 0.00 | 0.00 | 0.17 | -0.02 | 0.00 | 0.71 | 0.19 |
| Diluted Shares Outstanding | 5.31M | 5.3M | 5.3M | 5.3M | 5.3M | 5.3M | 5.3M | 5.32M | 5.35M | 5.29M | 5.3M | 5.26M | 5.29M | 5.26M | 5.29M | 5.27M | 5.23M | 5.28M | 5.22M | 5.22M |
| Basic Shares Outstanding | 5.31M | 5.3M | 5.3M | 5.3M | 5.3M | 5.3M | 5.3M | 5.32M | 5.31M | 5.26M | 5.26M | 5.26M | 5.26M | 5.26M | 5.23M | 5.23M | 5.23M | 5.82M | 5.2M | 5.2M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |