Smith-Midland Corporation (SMID) AI Stock Analysis

Smith-Midland Corporation develops, manufactures, and installs precast concrete products for construction, highway, utilities, and farming applications. Its primary product lines include SlenderWall lightweight concrete and steel exterior wall panels, Sierra Wall highway sound barriers, and J-J Hooks highway safety barriers for traffic management. The company also produces Easi-Set precast modular buildings, Easi-Span expandable structures, and precast utility vaults for housing communication, electrical, and traffic signal equipment. Smith-Midland markets its proprietary solutions through an in-house sales team and independent representatives to public and private contractors handling commercial buildings, roads, airports, and municipal utility projects.

Smith-Midland increased annual revenue from $50.6M in FY2021 to $93.4M in FY2025, reflecting a 5-year revenue CAGR of 16.3%. In FY2025, revenue grew 19.0% as operating margin reached 18.2% and net income totaled $12.5M, generating EPS of $1.99. However, trailing twelve months performance shows moderating momentum with revenue at $89.5M, an operating margin of 8.5%, and an EPS of $1.45. In the latest quarter ended June 30, 2026, quarterly revenue fell 10.8% year-over-year while quarterly earnings dropped 66.9%.

As of June 30, 2026, Smith-Midland held $10.7M in cash and short-term investments against total debt of $4.2M, resulting in net cash of $6.4M. Its debt-to-equity ratio stood at 0.07, and the current ratio was 4.06 with shareholders' equity of $57.0M. In FY2025, the company generated $14.3M in operating cash flow and invested $9.3M in capital expenditures, delivering free cash flow of $5.0M. The 5-year share count change was 0.6%.

At a last close of $22.65 on October 16, 2026, Smith-Midland trades at a market cap of $120.1M and an enterprise value of $122.6M. Its trailing P/E of 15.6x sits below the 19.7x median of its US-listed Basic Materials peers, while its forward P/E of 17.0x trades above the peer median of 13.4x. Its EV/EBITDA multiple is 8.5x compared to the peer median of 10.5x. Over the past year, SMID shares fell 39.0%, underperforming the 16.8% return of SPY.

Smith-Midland's next earnings report is scheduled for November 12, 2026. The company generated trailing twelve months EPS of $1.45, down from FY2025 EPS of $1.99. Institutional investors hold 58.9% of shares, insiders hold 14.0%, and short interest represents 6.2% of the float.

This page is an AI-written research summary of Smith-Midland Corporation (SMID). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: SMID income statement, SMID balance sheet, SMID key metrics, SMID chart. See the SMID stock overview for the latest quote and news.