Smith-Midland Corporation
SMID · Price history
Price at last available close
$21.44
−$2.67 (-11.07%) 1M
2026-10-28
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Company & revenue
About Smith-Midland Corporation
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Smith-Midland Corporation, operating through its subsidiaries, specializes in the comprehensive provision of precast concrete solutions. This involves the invention, development, manufacturing, marketing, leasing, licensing, selling, and installation of these products, primarily serving the construction, highway, utilities, and agricultural industries. Among its key offerings is SlenderWall, a patented, lightweight, and energy-efficient concrete-and-steel exterior wall panel designed for building construction.
How they make money
Smith-Midland Corporation generates revenue by inventing, developing, manufacturing, leasing, licensing, selling, and installing proprietary and patented precast concrete products. The company operates through a business model that includes direct product sales, barrier rentals, and the licensing of its proprietary technologies to other manufacturers.
Products & services
Proprietary and patented precast concrete products and systems, including soundwalls, highway barriers, building products, and utility structures.
Brands & revenue mix
Licensing division for proprietary precast concrete technologies.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
- Concrete and raw material suppliers — The company relies on various suppliers for raw materials such as concrete, steel, and other construction components.Source
Strengths
- Proprietary and patented product portfolioSource
Sources
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Quarterly EPS fell 67.1% versus the same quarter last year.
Review net income and weighted-average shares together. Per-share earnings can change because of operating performance, nonrecurring items or the share denominator.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
60
Fair
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
79
Strong
Financial Strength
86
Business Quality / Moat
79
Management
100
Growth Quality
37
Risk / Durability
76
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
77
Fair
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
72/100
Building Historical Record
Model Score 72/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is mixed across its combined quality, valuation and risk inputs. Review the category scores to identify what is helping or hurting the result.
At today’s price, the WSS valuation framework currently reads as relatively attractive.
The model outlook is currently positive.
- •Balance-sheet / debt profile scores strongly
- •Asset quality scores strongly
- •Valuation scores attractively
- •Insider activity signal is favorable
- •Revenue fundamentals are weak
Company-specific research
Questions worth answering for SMID
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •What is driving SMID's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
- •Is SMID's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •How is SMID likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
- •Is SMID's valuation discount tied to a temporary concern or to a longer-term business risk?
- •What does the current fundamental change risk warning mean for the reliability or interpretation of SMID's score?
Essential Investment Snapshot
Wall Street Score
60
Opportunity Score
77
Market Cap
$116.1M
P/E Ratio
15.3
EPS
$1.45
52-Week High
$42.15
52-Week Low
$21.89
Beta
1.67
Intrinsic Value
$55.83
Shares Outstanding
5.3M
Total Revenue
$89.5M
Total Debt
$4.2M
Dividend
No current dividend
Liquidation Value / Share
$10.75
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Community Sentiment
0 active · 0 total callsNo personal call yet on SMID.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Proprietary and patented product portfolio.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Construction Materials industry.
- −Material weaknesses in internal control over financial reporting.
- −Cybersecurity risks.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
3 historical score records availablePrevious Score
60
Oct 1, 2026
Change
Unchanged
Current Score
60
Oct 19, 2026
Category Changes
SMID score was unchanged.
Projected Score
Projected Score
57
Projected Change
-3.1 points
Preliminary comparable-period financial changes suggest decline of approximately 3.1 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
UndervaluedCurrent Price
$21.89
Model Intrinsic Value
$55.83
Difference
−$33.94
-60.8% vs IV
Margin of Safety
60.8%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $89.5M | $93.4M | $78.5M | $59.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $68.5M | $67.4M | $58.5M | $48.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $21.0M | $26.0M | $20.0M | $10.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $10.2M | $9.0M | $10.1M | $9.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $10.2M | $9.0M | $10.1M | $9.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $14.4M | $20.1M | $12.7M | $4.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $10.8M | $17.0M | $9.9M | $1.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $221K | $225K | $231K | $255K | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $10.8M | $17.0M | $9.8M | $1.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $3.0M | $4.5M | $2.1M | $528K | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $7.7M | $12.5M | $7.7M | $795K | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $1.45 | $2.36 | $1.45 | $0.15 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 5.31M | 5.30M | 5.30M | 5.26M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 5.31M | 5.30M | 5.30M | 5.29M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$23.4M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.26
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-13.3%
Cash Change
+50.2%
Margin Change
-10.0 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Cash position grew
- Debt reduced
What Weakened
- Margins contracted
Potential Score Impact
Positive indicators included cash levels, debt levels. Pressure indicators included revenue growth, EPS growth, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 10.8%. EPS declined 67.1%. Cash increased 50.2%. Total debt declined 13.3%. Net income margin declined by 10.0 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
3 historical recordsHistorical Score Chart
3 of 3 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
Construction MaterialsRumor Mill · SMID
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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