Smith-Midland Corporation

Smith-Midland Corporation

SMIDยทNASDAQ

$29.95

-4.6%
Basic MaterialsConstruction Materials

Smith-Midland Corporation, through its subsidiaries, invents, develops, manufactures, markets, leases, licenses, sells, and installs precast concrete products primarily for use in the construction, highway, utilities, and farming industries. It offers SlenderWall, a patented, lightweight, energy efficient concrete and steel exterior wall panel for use in building construction; Sierra Wall that provides sound and sight barrier for use alongside highways around residential, industrial, and commercial properties; J-J Hooks highway safety barriers for use on roadways to separate lanes of traffic in construction work zone or traffic control purposes; and Easi-Set precast building and Easi-Span expandable precast buildings for use in housing communications operations, traffic control systems, and mechanical and electrical stations. The company also provides Easi-Set utility vaults for house equipment, such as cable, telephone, or traffic signal equipment, and for underground storage, as well as custom-built utility vaults for special needs; SoftSound soundwall panels to absorb highway noise; Beach Prisms, an erosion control module for seawalls and jetties; and H2Out secondary drainage systems for panelized exterior cladding. In addition, it licenses its proprietary products in Canada, Australia, Belgium, Mexico, New Zealand, and Trinidad. The company markets its products through in-house sales force and independent sales representatives to contractors performing public and private construction contracts, such as construction of commercial buildings, public and private roads and highways, airports, and municipal utilities; and federal, state, and local transportation authorities. Smith-Midland Corporation was incorporated in 1960 and is based in Midland, Virginia.

At a Glance

Live Snapshot
Market Cap$158.93M
EPS2.3600
P/E Ratio12.69
Earnings Date05/25/2026
3Y-326.0%
5Y+91.0%
10Y+258.0%
3Y+254.0%
5Y+285.0%
10Y+151.0%
3Y-129.0%
5Y-128.0%
10Y-143.0%
SMID

Smith-Midland Corporation Cash Conversion Engine

SMID ยท NASDAQ
Net Income12.51M
Depreciation & Amortization2.89M
Stock-Based Compensation59.00K
Change in Working Capital-1.48M
Others-633.00K
Capital Expenditures-9.34M
Free Cash Flow4.96M

Cash Flow Quality Analysis

FCF Conversion Rate

39.7%

Weak cash conversion. Significant portion of earnings not converting to cashโ€”review working capital trends and capital intensity.

CapEx Intensity

65.3%

Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.

FCF Growth Trend

+574.9%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$1.48M

Moderate working capital outflow. Typical for growing businesses, but ensure it's supporting revenue growth, not inefficiency.

Cash Flow Quality Insight

Capital-intensive growth: Heavy reinvestment limits current cash available but may drive future returns. Assess whether CapEx supports compelling growth opportunities with adequate ROI.

Smith-Midland Corporation Cash Flow Statement

SMID โ€ข NASDAQ

Smith-Midland Corporation Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
OPERATING ACTIVITIES
12.5M
7.7M
795K
800K
7.6M
2.7M
2M
1.7M
2.7M
2.8M
1M
-804.8K
691.5K
376.7K
-351.7K
2.4M
1.8M
421K
1.3M
-815.8K
2.9M
2.7M
2.4M
2.9M
2.7M
2.4M
1.8M
1.2M
926K
821K
667.9K
636.6K
634.9K
674.2K
712.8K
735K
695.5K
642.8K
735.2K
600.6K
966K
-1.2M
-434K
130K
-506K
575K
459K
153K
526K
574K
-32K
67K
-101K
-234K
175K
422K
47K
38K
62K
-150K
59K
45K
375K
505K
531K
163K
270K
242K
411K
433K
7.1K
38.8K
0.0
0.0
17K
60.9K
90.9K
142.9K
0.0
0.0
-633K
177K
-366K
249K
-3M
-92K
73K
-120K
-190K
-494K
-24.5K
-38.6K
7K
-110.2K
-81.4K
-10.6K
-63.9K
-44.6K
105.9K
65.6K
(3.5M)
(2.3M)
(189K)
(2.3M)
(917K)
(22K)
(73K)
(49K)
(1.3M)
(770K)
(679.4K)
(48.6K)
(19.6K)
(6K)
(101.5K)
(1.3M)
(1M)
(1.1M)
(211.7K)
(0.0)
-1.5M
-4.2M
5M
-10.9M
1.8M
1.8M
-622K
5.3M
-1.4M
-174.8K
-1.6M
1.5M
-412.5K
2.2M
-554.9K
-2.5M
592.6K
462.2K
-1.3M
133.7K
14.3M
5.2M
7.7M
-6.3M
9.1M
7.5M
3.9M
8.5M
2.9M
4M
18.9K
1.4M
819.8K
2.9M
-83.1K
1.1M
3.2M
1.7M
838.2K
-11.7K
INVESTING ACTIVITIES
-9.3M
-6.2M
-5M
-2.7M
-5.4M
-2.6M
-4.9M
-10.7M
-2.7M
-3.7M
-1.6M
-465.8K
-908.6K
-110.3K
-742.7K
-1.2M
-683.6K
-654.7K
-579.6K
-901.1K
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(235K)
(162K)
(132K)
(46K)
(58K)
(18K)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-23K
-29K
-32K
-33K
-32K
-24K
-31.6K
-78.5K
-2M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
0.0
0.0
0.0
0.0
1.2M
-235K
-162K
0.0
0.0
0.0
0.0
0.0
1M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
20K
53K
346K
118K
489K
235K
162K
132K
46K
57.8K
18K
46.2K
61.8K
112.3K
99.5K
29.5K
92.4K
77.9K
20K
14.1K
-9.3M
-6.2M
-4.7M
-2.6M
-3.7M
-2.4M
-4.7M
-10.6M
-2.7M
-3.7M
-1.6M
-498K
-1.9M
(2.1K)
-643.3K
-1.1M
-591.2K
-576.9K
-559.6K
-887K
FINANCING ACTIVITIES
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
105.1K
1.1K
0.0
0.0
38.1K
23.4K
-647K
-635K
-619K
2.2M
-744K
2.6M
508K
970K
-400K
1.4M
-81.8K
-317.7K
-82.5K
-413.8K
178.8K
-332.6K
-1M
-4.6K
-516.9K
354.2K
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-282K
-281K
-256K
-49K
(0.0)
-194.3K
-174.2K
-144.5K
-240.6K
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
0.0
0.0
0.0
-25K
0.0
0.0
0.0
12K
117K
83K
69.3K
0.0
46.7K
0.0
0.0
0.0
20K
0.0
0.0
0.0
-647K
-635K
-619K
2.2M
-744K
2.3M
227K
726K
-332K
1.5M
-206.8K
-492K
-180.3K
-654.4K
283.9K
-331.5K
-1M
-4.6K
-478.8K
377.6K
CASH FLOW SUMMARY
4.3M
-1.6M
2.4M
-6.8M
4.7M
7.4M
-582K
-1.4M
-133K
1.8M
-1.8M
436.3K
-1.2M
2.2M
-442.5K
-356.7K
1.6M
1.1M
-200.3K
-521.1K
7.5M
9.2M
6.7M
13.5M
8.8M
1.4M
1.9M
3.4M
3.5M
1.7M
3.6M
3.1M
4.4M
2.1M
2.6M
2.9M
1.4M
282.4K
482.7K
1M
11.9M
7.5M
9.2M
6.7M
13.5M
8.8M
1.4M
1.9M
3.4M
3.5M
1.7M
3.6M
3.1M
4.4M
2.1M
2.6M
2.9M
1.4M
282.4K
482.7K
5M
-1M
2.7M
-9.1M
3.8M
4.9M
-939K
-2.3M
185K
250K
-1.6M
960.5K
-88.8K
2.8M
-825.8K
-54.6K
2.5M
1M
258.6K
-912.9K

SEC Filings

SMID - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
DEF 14A

DEF 14A 2026

N/A

June 02, 2026
June 01, 2026
2026
8-K

8-K 2026

N/A

April 14, 2026
April 14, 2026
2026
10-K

10-K 2025 FY

FY

April 14, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

March 24, 2026
March 23, 2026
2026
8-K

8-K 2025

N/A

November 14, 2025
November 13, 2025
2025
10-Q

10-Q 2025 Q3

Q3

November 14, 2025
September 30, 2025
2025
8-K

8-K 2025

N/A

August 21, 2025
August 21, 2025
2025
10-Q

10-Q 2025 Q2

Q2

August 14, 2025
June 30, 2025
2025
8-K

8-K 2025

N/A

August 14, 2025
August 14, 2025
2025
8-K

8-K 2025

N/A

August 06, 2025
August 01, 2025
2025
Showing 1 to 10 of 258 filings