Smith-Midland Corporation (SMID)

Nasdaq: SMID · Concrete Products, Except Block & Brick · Midland, VA · filing with the SEC since 1996

Grade5.5

◀ Past 3.2● Present 6.0▶ Future 7.0

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Income statement, as filed

In US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Apr 14, 2026	May 27, 2025	May 23, 2024	Apr 17, 2023	Mar 31, 2022	Mar 30, 2021	Mar 26, 2020	Mar 26, 2019	Mar 29, 2018	Mar 30, 2017
Revenue	93,446,000	78,508,000	59,580,000	50,131,000	50,642,000	43,862,000	46,691,000	40,220,000	41,717,000	40,050,000^r
Cost of revenue	67,408,000	58,498,000	48,928,000	40,662,000	36,222,000	32,820,000	36,722,000	29,730,000	30,253,000^r	29,701,000^r
Gross profit	26,038,000	20,010,000	10,652,000	9,469,000	14,420,000	11,042,000	9,969,000	10,490,000	11,464,000^r	10,349,000^r
Sales and marketing	·	·	3,544,000	3,064,000	2,836,000	2,294,000	2,536,000	2,599,000	2,496,000	2,122,000^r
General and administrative	5,668,000	6,554,000	5,990,000	5,551,000	5,416,000	4,989,000	4,887,000	5,675,000	5,253,000^r	3,891,000^r
Total operating expenses	9,044,000	10,111,000	9,534,000	8,615,000	8,252,000	7,283,000	7,423,000	8,274,000	7,749,000^r	6,013,000^r
Operating income	16,994,000	9,899,000	1,118,000	854,000	6,168,000	3,759,000	2,546,000	2,216,000	3,715,000	4,336,000^r
Interest expense	225,000	231,000	255,000	260,000	190,000	217,000	179,000	176,000	184,000	162,000^r
Interest and investment income	166,000	47,000	·	·	·	·	·	·	·	·
Other income (expense), net	32,000	-81,000	205,000	91,000	2,926,000	33,000	-48,000^r	43,000	26,000	-39,000^r
Income before income taxes	17,026,000	9,818,000	1,323,000	945,000	9,094,000	3,792,000	2,498,000^r	2,259,000	3,741,000	4,297,000^r
Income tax expense	4,520,000	2,143,000	528,000	145,000	1,524,000	1,127,000	549,000	572,000	1,057,000	1,462,000
Net income including non-controlling interests	12,506,000	7,675,000	795,000	·	·	·	·	·	·	·
Net income	12,506,000	7,675,000	795,000	800,000	7,570,000	2,665,000	1,949,000^r	1,687,000	2,684,000	2,835,000^r
Net income to common shareholders	12,506,000	7,675,000	795,000	800,000	7,570,000	2,665,000	1,959,000	1,687,000	2,684,000	·
Earnings per share, basic	2.36	1.45	0.15	0.15	1.45	0.51	0.38	0.33	0.53	0.57
Earnings per share, diluted	2.36	1.45	0.15	0.15	1.45	0.51	0.38	0.33	0.53	0.56
Earnings per share, basic and diluted	·	·	·	·	1.43	0.51	0.38	0.33	·	·
Weighted average shares, basic	5,305,000	5,289,000	5,258,000	5,233,000^r	5,205^r	5,185,000^r	5,142	5,080	5,042^r	4,934,000^r
Weighted average shares, diluted	5,305,000	5,289,000	5,292,000	5,253,000^r	5,232,000^rb	5,187,000^r	5,147,000^b	5,096,000^b	5,079,000^rb	5,066,000^r

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it sold

us-gaap:Revenues
us-gaap:SalesRevenueNet

Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfGoodsAndServicesSold

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

Sales and marketing the cost of finding and serving customersus-gaap:SellingAndMarketingExpense

General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense

Total operating expenses the running costs togetherus-gaap:OperatingExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing costus-gaap:InterestExpense

Interest and investment income what its cash and investments earnedus-gaap:InterestIncomeOther

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Income before income taxes profit before tax

us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Earnings per share, basic and diluted net income per share, where both counts are the sameus-gaap:EarningsPerShareBasicAndDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton SMID · research, not advice