English

SMITH-MIDLAND CORPORATION

EDGAR

SMID Quarterly report (10-Q) · filed 2026-08-14

Annual consolidated revenue for 2025: about USD 93.45M, using the latest reported figures. The previous period, 2024, was about USD 78.51M.

Inspect reported changes Compare with another company Historical disclosures Search filings Segments

Watchlist

Latest quarter

Revenue

23.4 million USD

2026 Q2 · USD

Exact inputs and evidence

Revenue: 23363000 USD Source

Operating margin

8.5%

2026 Q2 · %

Exact inputs and evidence

Operating Income: 1985000 USD Source
Revenue: 23363000 USD Source

Operating cash flow

-485 thousand USD

2026 Q2 · USD

Exact inputs and evidence

Operating Cash Flow: 2645000 USD Source
Operating Cash Flow: 3130000 USD Source

Free cash flow

-2.41 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating Cash Flow: 2645000 USD Source
Operating Cash Flow: 3130000 USD Source
Capital Expenditure: 3555000 USD Source
Capital Expenditure: 1630000 USD Source

Cash and cash equivalents: 12.4 million USD 2022-06-30 Source
Exact value

12425000 USD
Long-term debt including current maturities: Not available
Shares outstanding: 5.31 million shares 2026-06-30 Source
Exact value

5306962 shares

Reported share-count change

0.04% · 2.36 thousand shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence

5304606 shares · 2025-06-30· Source
5306962 shares · 2026-06-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

89.5 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Revenue: 21451000 USD · 2025-07-01 – 2025-09-30 Source
Revenue: 93446000 USD · 2025-01-01 – 2025-12-31 Source
Revenue: 70335000 USD · 2025-01-01 – 2025-09-30 Source
Revenue: 21572000 USD · 2026-01-01 – 2026-03-31 Source
Revenue: 23363000 USD · 2026-04-01 – 2026-06-30 Source

Net income

7.73 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Net income: 2877000 USD · 2025-07-01 – 2025-09-30 Source
Net income: 12506000 USD · 2025-01-01 – 2025-12-31 Source
Net income: 10375000 USD · 2025-01-01 – 2025-09-30 Source
Net income: 1339000 USD · 2026-01-01 – 2026-03-31 Source
Net income: 1381000 USD · 2026-04-01 – 2026-06-30 Source

Operating cash flow

16.9 million USD

2025-06-24 – 2026-06-30

Exact inputs and evidence

Operating cash flow: 11714000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: 2400 USD · 2025-01-01 – 2025-06-23 Source
Operating cash flow: 14301000 USD · 2025-01-01 – 2025-12-31 Source
Operating cash flow: 11714000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: 3130000 USD · 2026-01-01 – 2026-03-31 Source
Operating cash flow: 2645000 USD · 2026-01-01 – 2026-06-30 Source
Operating cash flow: 3130000 USD · 2026-01-01 – 2026-03-31 Source

Capital expenditure

12.9 million USD

2025-06-24 – 2026-06-30

Exact inputs and evidence

Capital expenditure: 5382000 USD · 2025-01-01 – 2025-09-30 Source
Capital expenditure: 2515 USD · 2025-01-01 – 2025-06-23 Source
Capital expenditure: 9338000 USD · 2025-01-01 – 2025-12-31 Source
Capital expenditure: 5382000 USD · 2025-01-01 – 2025-09-30 Source
Capital expenditure: 1630000 USD · 2026-01-01 – 2026-03-31 Source
Capital expenditure: 3555000 USD · 2026-01-01 – 2026-06-30 Source
Capital expenditure: 1630000 USD · 2026-01-01 – 2026-03-31 Source

Free cash flow

4.05 million USD

2025-06-24 – 2026-06-30

Exact inputs and evidence

Operating cash flow: 11714000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: 2400 USD · 2025-01-01 – 2025-06-23 Source
Operating cash flow: 14301000 USD · 2025-01-01 – 2025-12-31 Source
Operating cash flow: 11714000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: 3130000 USD · 2026-01-01 – 2026-03-31 Source
Operating cash flow: 2645000 USD · 2026-01-01 – 2026-06-30 Source
Operating cash flow: 3130000 USD · 2026-01-01 – 2026-03-31 Source
Capital expenditure: 5382000 USD · 2025-01-01 – 2025-09-30 Source
Capital expenditure: 2515 USD · 2025-01-01 – 2025-06-23 Source
Capital expenditure: 9338000 USD · 2025-01-01 – 2025-12-31 Source
Capital expenditure: 5382000 USD · 2025-01-01 – 2025-09-30 Source
Capital expenditure: 1630000 USD · 2026-01-01 – 2026-03-31 Source
Capital expenditure: 3555000 USD · 2026-01-01 – 2026-06-30 Source
Capital expenditure: 1630000 USD · 2026-01-01 – 2026-03-31 Source

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-14.

Financial data available through: 2025-12-31.

Coverage by financial measure

Revenue: 11 of 11 periods available· newest 2025-12-31
Operating income: 11 of 11 periods available· newest 2025-12-31
Net income: 11 of 11 periods available· newest 2025-12-31
Operating cash flow: 11 of 11 periods available· newest 2025-12-31
Capital expenditure: 11 of 11 periods available· newest 2025-12-31
Total assets: 11 of 11 periods available· newest 2025-12-31
Total liabilities: 11 of 11 periods available· newest 2025-12-31
Current assets: 11 of 11 periods available· newest 2025-12-31
Current liabilities: 11 of 11 periods available· newest 2025-12-31
Cash and cash equivalents: 5 of 11 periods available· newest 2021-12-31
long term debt: No compatible figures in this window
Shares outstanding: 11 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

Revenue
+19%

Prior period

USD 78.51 million

2024-01-01 – 2024-12-31
Current period

USD 93.45 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

93446000 − 78508000 = 14938000 USD

78508000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
93446000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Revenue · SMITH-MIDLAND CORPORATION · 2025-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Year-over-year change in Revenue: 14938000 USD Concept: fundies:Revenue Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:Revenue: 93446000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495426003505/smid_10k.htm#898703 Filing: 000165495426003505 Input fundies:Revenue: 78508000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495426003505/smid_10k.htm#899386 Filing: 000165495426003505
The citation records this snapshot. The page link may show a newer release later.
Net income
+62.9%

Prior period

USD 7.68 million

2024-01-01 – 2024-12-31
Current period

USD 12.51 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

12506000 − 7675000 = 4831000 USD

7675000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
12506000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Net income · SMITH-MIDLAND CORPORATION · 2025-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Year-over-year change in Net income: 4831000 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:NetIncome: 12506000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495426003505/smid_10k.htm#703810 Filing: 000165495426003505 Input fundies:NetIncome: 7675000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495426003505/smid_10k.htm#665315 Filing: 000165495426003505
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
+177.3%

Prior period

USD 5.16 million

2024-01-01 – 2024-12-31
Current period

USD 14.3 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

14301000 − 5158000 = 9143000 USD

5158000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
14301000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Operating cash flow · SMITH-MIDLAND CORPORATION · 2025-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Year-over-year change in Operating cash flow: 9143000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:OperatingCashFlow: 14301000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495426003505/smid_10k.htm#750679 Filing: 000165495426003505 Input fundies:OperatingCashFlow: 5158000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495426003505/smid_10k.htm#751360 Filing: 000165495426003505
The citation records this snapshot. The page link may show a newer release later.
Capital expenditure
+50.5%

Prior period

USD 6.2 million

2024-01-01 – 2024-12-31
Current period

USD 9.34 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

9338000 − 6203000 = 3135000 USD

6203000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
9338000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Capital expenditure · SMITH-MIDLAND CORPORATION · 2025-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Year-over-year change in Capital expenditure: 3135000 USD Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:CapitalExpenditure: 9338000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495426003505/smid_10k.htm#756690 Filing: 000165495426003505 Input fundies:CapitalExpenditure: 6203000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495426003505/smid_10k.htm#757302 Filing: 000165495426003505
The citation records this snapshot. The page link may show a newer release later.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

Revenue USD 93.45 million 100% of revenue
Cost of revenue USD 67.41 million 72% of revenue
Operating expenses USD 9.04 million 9.7% of revenue
Operating income USD 16.99 million 18% of revenue
Tax, interest and other Derived USD 4.49 million 4.8% of revenue
Net income USD 12.51 million 13% of revenue

Cash

Operating cash flow USD 14.3 million 15% of revenue
Capital expenditure USD 9.34 million 10% of revenue
Free cash flow Derived USD 4.96 million 5.3% of revenue

Share of revenue by period

Net income
Tax, interest and other
Operating costs

2016 89%
2017 91%
2018 94%
2019 95%
2020 91%
2021 Net income was higher than operating income, so the split is not drawn.
2022 98%
2023 98%
2024 9.8%87%
2025 13%82%

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2016 2016-01-01 – 2016-12-31	40050000	35714000 Derived	4336000	1501000 Derived	2835000	250000 Derived	Source 2016-01-01 – 2016-12-31: 40050000 USD Inspect Revenue Open source 2016-01-01 – 2016-12-31: 4336000 USD Inspect Operating Income Open source 2016-01-01 – 2016-12-31: 2835000 USD Inspect Net Income Open source 2016-01-01 – 2016-12-31: 3995000 USD Inspect Operating Cash Flow Open source 2016-01-01 – 2016-12-31: 3745000 USD Inspect Capital Expenditure Open source
2017 2017-01-01 – 2017-12-31	41717000	38002000 Derived	3715000	1031000 Derived	2684000	185000 Derived	Source 2017-01-01 – 2017-12-31: 41717000 USD Inspect Revenue Open source 2017-01-01 – 2017-12-31: 3715000 USD Inspect Operating Income Open source 2017-01-01 – 2017-12-31: 2684000 USD Inspect Net Income Open source 2017-01-01 – 2017-12-31: 2926000 USD Inspect Operating Cash Flow Open source 2017-01-01 – 2017-12-31: 2741000 USD Inspect Capital Expenditure Open source
2018 2018-01-01 – 2018-12-31	40220000	38004000 Derived	2216000	529000 Derived	1687000	3238000 Derived	Source 2018-01-01 – 2018-12-31: 40220000 USD Inspect Revenue Open source 2018-01-01 – 2018-12-31: 2216000 USD Inspect Operating Income Open source 2018-01-01 – 2018-12-31: 1687000 USD Inspect Net Income Open source 2018-01-01 – 2018-12-31: 8472000 USD Inspect Operating Cash Flow Open source 2018-01-01 – 2018-12-31: 5234000 USD Inspect Capital Expenditure Open source
2019 2019-01-01 – 2019-12-31	46691000	44145000 Derived	2546000	597000 Derived	1949000	-581000 Derived	Source 2019-01-01 – 2019-12-31: 46691000 USD Inspect Revenue Open source 2019-01-01 – 2019-12-31: 2546000 USD Inspect Operating Income Open source 2019-01-01 – 2019-12-31: 1949000 USD Inspect Net Income Open source 2019-01-01 – 2019-12-31: 3932000 USD Inspect Operating Cash Flow Open source 2019-01-01 – 2019-12-31: 4513000 USD Inspect Capital Expenditure Open source
2020 2020-01-01 – 2020-12-31	43862000	40103000 Derived	3759000	1094000 Derived	2665000	4860000 Derived	Source 2020-01-01 – 2020-12-31: 43862000 USD Inspect Revenue Open source 2020-01-01 – 2020-12-31: 3759000 USD Inspect Operating Income Open source 2020-01-01 – 2020-12-31: 2665000 USD Inspect Net Income Open source 2020-01-01 – 2020-12-31: 7487000 USD Inspect Operating Cash Flow Open source 2020-01-01 – 2020-12-31: 2627000 USD Inspect Capital Expenditure Open source
2021 2021-01-01 – 2021-12-31	50642000	44474000 Derived	6168000	-1402000 Derived	7570000	3759000 Derived	Source 2021-01-01 – 2021-12-31: 50642000 USD Inspect Revenue Open source 2021-01-01 – 2021-12-31: 6168000 USD Inspect Operating Income Open source 2021-01-01 – 2021-12-31: 7570000 USD Inspect Net Income Open source 2021-01-01 – 2021-12-31: 9126000 USD Inspect Operating Cash Flow Open source 2021-01-01 – 2021-12-31: 5367000 USD Inspect Capital Expenditure Open source
2022 2022-01-01 – 2022-12-31	50131000	49277000 Derived	854000	54000 Derived	800000	-9083000 Derived	Source 2022-01-01 – 2022-12-31: 50131000 USD Inspect Revenue Open source 2022-01-01 – 2022-12-31: 854000 USD Inspect Operating Income Open source 2022-01-01 – 2022-12-31: 800000 USD Inspect Net Income Open source 2022-01-01 – 2022-12-31: -6334000 USD Inspect Operating Cash Flow Open source 2022-01-01 – 2022-12-31: 2749000 USD Inspect Capital Expenditure Open source
2023 2023-01-01 – 2023-12-31	59580000	58462000 Derived	1118000	323000 Derived	795000	2722000 Derived	Source 2023-01-01 – 2023-12-31: 59580000 USD Inspect Revenue Open source 2023-01-01 – 2023-12-31: 1118000 USD Inspect Operating Income Open source 2023-01-01 – 2023-12-31: 795000 USD Inspect Net Income Open source 2023-01-01 – 2023-12-31: 7732000 USD Inspect Operating Cash Flow Open source 2023-01-01 – 2023-12-31: 5010000 USD Inspect Capital Expenditure Open source
2024 2024-01-01 – 2024-12-31	78508000	68609000 Derived	9899000	2224000 Derived	7675000	-1045000 Derived	Source 2024-01-01 – 2024-12-31: 78508000 USD Inspect Revenue Open source 2024-01-01 – 2024-12-31: 9899000 USD Inspect Operating Income Open source 2024-01-01 – 2024-12-31: 7675000 USD Inspect Net Income Open source 2024-01-01 – 2024-12-31: 5158000 USD Inspect Operating Cash Flow Open source 2024-01-01 – 2024-12-31: 6203000 USD Inspect Capital Expenditure Open source
2025 2025-01-01 – 2025-12-31	93446000	76452000 Derived	16994000	4488000 Derived	12506000	4963000 Derived	Source 2025-01-01 – 2025-12-31: 93446000 USD Inspect Revenue Open source 2025-01-01 – 2025-12-31: 16994000 USD Inspect Operating Income Open source 2025-01-01 – 2025-12-31: 12506000 USD Inspect Net Income Open source 2025-01-01 – 2025-12-31: 14301000 USD Inspect Operating Cash Flow Open source 2025-01-01 – 2025-12-31: 9338000 USD Inspect Capital Expenditure Open source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 93.4M 2025

Values and sources

Revenue values and source evidence
Period	Series	Value(USD)	Source evidence
20162016-12-31	Revenue	40050000	Revenue: 40050000 Open source
20172017-12-31	Revenue	41717000	Revenue: 41717000 Open source
20182018-12-31	Revenue	40220000	Revenue: 40220000 Open source
20192019-12-31	Revenue	46691000	Revenue: 46691000 Open source
20202020-12-31	Revenue	43862000	Revenue: 43862000 Open source
20212021-12-31	Revenue	50642000	Revenue: 50642000 Open source
20222022-12-31	Revenue	50131000	Revenue: 50131000 Open source
20232023-12-31	Revenue	59580000	Revenue: 59580000 Open source
20242024-12-31	Revenue	78508000	Revenue: 78508000 Open source
20252025-12-31	Revenue	93446000	Revenue: 93446000 Open source

Revenue growth

Change in revenue from the same financial period one year earlier.

19% 2025

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Year over year	37.1%	Revenue: 40050000 Open source Revenue: 29204239 Open source
20172017-12-31	Year over year	4.2%	Revenue: 41717000 Open source Revenue: 40050000 Open source
20182018-12-31	Year over year	-3.6%	Revenue: 40220000 Open source Revenue: 41717000 Open source
20192019-12-31	Year over year	16.1%	Revenue: 46691000 Open source Revenue: 40220000 Open source
20202020-12-31	Year over year	-6.1%	Revenue: 43862000 Open source Revenue: 46691000 Open source
20212021-12-31	Year over year	15.5%	Revenue: 50642000 Open source Revenue: 43862000 Open source
20222022-12-31	Year over year	-1%	Revenue: 50131000 Open source Revenue: 50642000 Open source
20232023-12-31	Year over year	18.8%	Revenue: 59580000 Open source Revenue: 50131000 Open source
20242024-12-31	Year over year	31.8%	Revenue: 78508000 Open source Revenue: 59580000 Open source
20252025-12-31	Year over year	19%	Revenue: 93446000 Open source Revenue: 78508000 Open source

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 18.2% 2025

Net margin 13.4% 2025

Free cash flow margin 5.3% 2025

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Operating margin	10.8%	Operating Income: 4336000 Open source Revenue: 40050000 Open source
20172017-12-31	Operating margin	8.9%	Operating Income: 3715000 Open source Revenue: 41717000 Open source
20182018-12-31	Operating margin	5.5%	Operating Income: 2216000 Open source Revenue: 40220000 Open source
20192019-12-31	Operating margin	5.5%	Operating Income: 2546000 Open source Revenue: 46691000 Open source
20202020-12-31	Operating margin	8.6%	Operating Income: 3759000 Open source Revenue: 43862000 Open source
20212021-12-31	Operating margin	12.2%	Operating Income: 6168000 Open source Revenue: 50642000 Open source
20222022-12-31	Operating margin	1.7%	Operating Income: 854000 Open source Revenue: 50131000 Open source
20232023-12-31	Operating margin	1.9%	Operating Income: 1118000 Open source Revenue: 59580000 Open source
20242024-12-31	Operating margin	12.6%	Operating Income: 9899000 Open source Revenue: 78508000 Open source
20252025-12-31	Operating margin	18.2%	Operating Income: 16994000 Open source Revenue: 93446000 Open source
20162016-12-31	Net margin	7.1%	Net Income: 2835000 Open source Revenue: 40050000 Open source
20172017-12-31	Net margin	6.4%	Net Income: 2684000 Open source Revenue: 41717000 Open source
20182018-12-31	Net margin	4.2%	Net Income: 1687000 Open source Revenue: 40220000 Open source
20192019-12-31	Net margin	4.2%	Net Income: 1949000 Open source Revenue: 46691000 Open source
20202020-12-31	Net margin	6.1%	Net Income: 2665000 Open source Revenue: 43862000 Open source
20212021-12-31	Net margin	14.9%	Net Income: 7570000 Open source Revenue: 50642000 Open source
20222022-12-31	Net margin	1.6%	Net Income: 800000 Open source Revenue: 50131000 Open source
20232023-12-31	Net margin	1.3%	Net Income: 795000 Open source Revenue: 59580000 Open source
20242024-12-31	Net margin	9.8%	Net Income: 7675000 Open source Revenue: 78508000 Open source
20252025-12-31	Net margin	13.4%	Net Income: 12506000 Open source Revenue: 93446000 Open source
20162016-12-31	Free cash flow margin	0.6%	Revenue: 40050000 Open source Operating Cash Flow: 3995000 Open source Capital Expenditure: 3745000 Open source
20172017-12-31	Free cash flow margin	0.4%	Revenue: 41717000 Open source Operating Cash Flow: 2926000 Open source Capital Expenditure: 2741000 Open source
20182018-12-31	Free cash flow margin	8.1%	Revenue: 40220000 Open source Operating Cash Flow: 8472000 Open source Capital Expenditure: 5234000 Open source
20192019-12-31	Free cash flow margin	-1.2%	Revenue: 46691000 Open source Operating Cash Flow: 3932000 Open source Capital Expenditure: 4513000 Open source
20202020-12-31	Free cash flow margin	11.1%	Revenue: 43862000 Open source Operating Cash Flow: 7487000 Open source Capital Expenditure: 2627000 Open source
20212021-12-31	Free cash flow margin	7.4%	Revenue: 50642000 Open source Operating Cash Flow: 9126000 Open source Capital Expenditure: 5367000 Open source
20222022-12-31	Free cash flow margin	-18.1%	Revenue: 50131000 Open source Operating Cash Flow: -6334000 Open source Capital Expenditure: 2749000 Open source
20232023-12-31	Free cash flow margin	4.6%	Revenue: 59580000 Open source Operating Cash Flow: 7732000 Open source Capital Expenditure: 5010000 Open source
20242024-12-31	Free cash flow margin	-1.3%	Revenue: 78508000 Open source Operating Cash Flow: 5158000 Open source Capital Expenditure: 6203000 Open source
20252025-12-31	Free cash flow margin	5.3%	Revenue: 93446000 Open source Operating Cash Flow: 14301000 Open source Capital Expenditure: 9338000 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

USD 14.3M 2025

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20162016-12-31	Operating cash flow	3995000	Operating Cash Flow: 3995000 Open source
20172017-12-31	Operating cash flow	2926000	Operating Cash Flow: 2926000 Open source
20182018-12-31	Operating cash flow	8472000	Operating Cash Flow: 8472000 Open source
20192019-12-31	Operating cash flow	3932000	Operating Cash Flow: 3932000 Open source
20202020-12-31	Operating cash flow	7487000	Operating Cash Flow: 7487000 Open source
20212021-12-31	Operating cash flow	9126000	Operating Cash Flow: 9126000 Open source
20222022-12-31	Operating cash flow	-6334000	Operating Cash Flow: -6334000 Open source
20232023-12-31	Operating cash flow	7732000	Operating Cash Flow: 7732000 Open source
20242024-12-31	Operating cash flow	5158000	Operating Cash Flow: 5158000 Open source
20252025-12-31	Operating cash flow	14301000	Operating Cash Flow: 14301000 Open source

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 5M 2025

Values and sources

Free cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20162016-12-31	Free cash flow	250000	Operating Cash Flow: 3995000 Open source Capital Expenditure: 3745000 Open source
20172017-12-31	Free cash flow	185000	Operating Cash Flow: 2926000 Open source Capital Expenditure: 2741000 Open source
20182018-12-31	Free cash flow	3238000	Operating Cash Flow: 8472000 Open source Capital Expenditure: 5234000 Open source
20192019-12-31	Free cash flow	-581000	Operating Cash Flow: 3932000 Open source Capital Expenditure: 4513000 Open source
20202020-12-31	Free cash flow	4860000	Operating Cash Flow: 7487000 Open source Capital Expenditure: 2627000 Open source
20212021-12-31	Free cash flow	3759000	Operating Cash Flow: 9126000 Open source Capital Expenditure: 5367000 Open source
20222022-12-31	Free cash flow	-9083000	Operating Cash Flow: -6334000 Open source Capital Expenditure: 2749000 Open source
20232023-12-31	Free cash flow	2722000	Operating Cash Flow: 7732000 Open source Capital Expenditure: 5010000 Open source
20242024-12-31	Free cash flow	-1045000	Operating Cash Flow: 5158000 Open source Capital Expenditure: 6203000 Open source
20252025-12-31	Free cash flow	4963000	Operating Cash Flow: 14301000 Open source Capital Expenditure: 9338000 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

38.1% 2025

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Liabilities / assets	39.2%	Total Liabilities: 9169000 Open source Total Assets: 23412000 Open source
20172017-12-31	Liabilities / assets	41.1%	Total Liabilities: 12020000 Open source Total Assets: 29225000 Open source
20182018-12-31	Liabilities / assets	54.4%	Total Liabilities: 22522000 Open source Total Assets: 41369000 Open source
20192019-12-31	Liabilities / assets	50.6%	Total Liabilities: 21294000 Open source Total Assets: 42115000 Open source
20202020-12-31	Liabilities / assets	49.1%	Total Liabilities: 22850000 Open source Total Assets: 46499000 Open source
20212021-12-31	Liabilities / assets	40.4%	Total Liabilities: 21525000 Open source Total Assets: 53275000 Open source
20222022-12-31	Liabilities / assets	39.1%	Total Liabilities: 21258000 Open source Total Assets: 54313000 Open source
20232023-12-31	Liabilities / assets	44.3%	Total Liabilities: 27187000 Open source Total Assets: 61348000 Open source
20242024-12-31	Liabilities / assets	38.6%	Total Liabilities: 26252000 Open source Total Assets: 67991000 Open source
20252025-12-31	Liabilities / assets	38.1%	Total Liabilities: 33425000 Open source Total Assets: 87729000 Open source

Current assets to current liabilities

Current assets divided by current liabilities.

3.4× 2025

Values and sources

Current assets to current liabilities values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Current assets / current liabilities	3.01×	Current Assets: 15232000 Open source Current Liabilities: 5059000 Open source
20172017-12-31	Current assets / current liabilities	2.43×	Current Assets: 19032000 Open source Current Liabilities: 7834000 Open source
20182018-12-31	Current assets / current liabilities	1.82×	Current Assets: 21596000 Open source Current Liabilities: 11860000 Open source
20192019-12-31	Current assets / current liabilities	1.98×	Current Assets: 19031000 Open source Current Liabilities: 9602000 Open source
20202020-12-31	Current assets / current liabilities	2.62×	Current Assets: 23341000 Open source Current Liabilities: 8900000 Open source
20212021-12-31	Current assets / current liabilities	2×	Current Assets: 27751000 Open source Current Liabilities: 13903000 Open source
20222022-12-31	Current assets / current liabilities	2.58×	Current Assets: 28940000 Open source Current Liabilities: 11224000 Open source
20232023-12-31	Current assets / current liabilities	2.08×	Current Assets: 33325000 Open source Current Liabilities: 16018000 Open source
20242024-12-31	Current assets / current liabilities	2.39×	Current Assets: 35849000 Open source Current Liabilities: 15010000 Open source
20252025-12-31	Current assets / current liabilities	3.4×	Current Assets: 48747000 Open source Current Liabilities: 14332000 Open source

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2016 2016-01-01 – 2016-12-31	USD 2.84 million Exact value Exact value: 2835000 USD 2016-01-01 – 2016-12-31: 2835000 USD Inspect Net Income Open source Share or cite Citation for Net Income · SMITH-MIDLAND CORPORATION · 2016-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Net Income: 2835000 USD Concept: fundies:NetIncome Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719/explain?concept=fundies%3ANetIncome&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:NetIncome: 2835000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000092471918000004/smid-20171231.xml#104874 Filing: 000092471918000004 The citation records this snapshot. The page link may show a newer release later.	USD 4 million Exact value Exact value: 3995000 USD 2016-01-01 – 2016-12-31: 3995000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · SMITH-MIDLAND CORPORATION · 2016-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Operating Cash Flow: 3995000 USD Concept: fundies:OperatingCashFlow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719/explain?concept=fundies%3AOperatingCashFlow&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 3995000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000092471918000004/smid-20171231.xml#104456 Filing: 000092471918000004 The citation records this snapshot. The page link may show a newer release later.	USD 3.75 million Exact value Exact value: 3745000 USD 2016-01-01 – 2016-12-31: 3745000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · SMITH-MIDLAND CORPORATION · 2016-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Capital Expenditure: 3745000 USD Concept: fundies:CapitalExpenditure Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719/explain?concept=fundies%3ACapitalExpenditure&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 3745000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000092471918000004/smid-20171231.xml#112759 Filing: 000092471918000004 The citation records this snapshot. The page link may show a newer release later.	USD 250,000 Calculation and evidence 3995000 − 3745000 USD Exact free cash flow: 250000 USD 2016-01-01 – 2016-12-31: 3995000 USD · Inspect Operating Cash Flow · Source 2016-01-01 – 2016-12-31: 3745000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · SMITH-MIDLAND CORPORATION · 2016-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Free cash flow: 250000 USD Concept: free-cash-flow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 3995000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000092471918000004/smid-20171231.xml#104456 Filing: 000092471918000004 Input fundies:CapitalExpenditure: 3745000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000092471918000004/smid-20171231.xml#112759 Filing: 000092471918000004 The citation records this snapshot. The page link may show a newer release later.
2017 2017-01-01 – 2017-12-31	USD 2.68 million Exact value Exact value: 2684000 USD 2017-01-01 – 2017-12-31: 2684000 USD Inspect Net Income Open source Share or cite Citation for Net Income · SMITH-MIDLAND CORPORATION · 2017-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Net Income: 2684000 USD Concept: fundies:NetIncome Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719/explain?concept=fundies%3ANetIncome&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:NetIncome: 2684000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495419003343/smid-20181231.xml#87830 Filing: 000165495419003343 The citation records this snapshot. The page link may show a newer release later.	USD 2.93 million Exact value Exact value: 2926000 USD 2017-01-01 – 2017-12-31: 2926000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · SMITH-MIDLAND CORPORATION · 2017-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Operating Cash Flow: 2926000 USD Concept: fundies:OperatingCashFlow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719/explain?concept=fundies%3AOperatingCashFlow&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 2926000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495419003343/smid-20181231.xml#99672 Filing: 000165495419003343 The citation records this snapshot. The page link may show a newer release later.	USD 2.74 million Exact value Exact value: 2741000 USD 2017-01-01 – 2017-12-31: 2741000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · SMITH-MIDLAND CORPORATION · 2017-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Capital Expenditure: 2741000 USD Concept: fundies:CapitalExpenditure Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719/explain?concept=fundies%3ACapitalExpenditure&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 2741000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495419003343/smid-20181231.xml#100651 Filing: 000165495419003343 The citation records this snapshot. The page link may show a newer release later.	USD 185,000 Calculation and evidence 2926000 − 2741000 USD Exact free cash flow: 185000 USD 2017-01-01 – 2017-12-31: 2926000 USD · Inspect Operating Cash Flow · Source 2017-01-01 – 2017-12-31: 2741000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · SMITH-MIDLAND CORPORATION · 2017-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Free cash flow: 185000 USD Concept: free-cash-flow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 2926000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495419003343/smid-20181231.xml#99672 Filing: 000165495419003343 Input fundies:CapitalExpenditure: 2741000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495419003343/smid-20181231.xml#100651 Filing: 000165495419003343 The citation records this snapshot. The page link may show a newer release later.
2018 2018-01-01 – 2018-12-31	USD 1.69 million Exact value Exact value: 1687000 USD 2018-01-01 – 2018-12-31: 1687000 USD Inspect Net Income Open source Share or cite Citation for Net Income · SMITH-MIDLAND CORPORATION · 2018-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Net Income: 1687000 USD Concept: fundies:NetIncome Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719/explain?concept=fundies%3ANetIncome&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:NetIncome: 1687000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495420003266/smid-20191231.xml#88297 Filing: 000165495420003266 The citation records this snapshot. The page link may show a newer release later.	USD 8.47 million Exact value Exact value: 8472000 USD 2018-01-01 – 2018-12-31: 8472000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · SMITH-MIDLAND CORPORATION · 2018-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Operating Cash Flow: 8472000 USD Concept: fundies:OperatingCashFlow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719/explain?concept=fundies%3AOperatingCashFlow&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 8472000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495420003266/smid-20191231.xml#98693 Filing: 000165495420003266 The citation records this snapshot. The page link may show a newer release later.	USD 5.23 million Exact value Exact value: 5234000 USD 2018-01-01 – 2018-12-31: 5234000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · SMITH-MIDLAND CORPORATION · 2018-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Capital Expenditure: 5234000 USD Concept: fundies:CapitalExpenditure Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719/explain?concept=fundies%3ACapitalExpenditure&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 5234000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495420003266/smid-20191231.xml#99373 Filing: 000165495420003266 The citation records this snapshot. The page link may show a newer release later.	USD 3.24 million Calculation and evidence 8472000 − 5234000 USD Exact free cash flow: 3238000 USD 2018-01-01 – 2018-12-31: 8472000 USD · Inspect Operating Cash Flow · Source 2018-01-01 – 2018-12-31: 5234000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · SMITH-MIDLAND CORPORATION · 2018-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Free cash flow: 3238000 USD Concept: free-cash-flow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 8472000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495420003266/smid-20191231.xml#98693 Filing: 000165495420003266 Input fundies:CapitalExpenditure: 5234000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495420003266/smid-20191231.xml#99373 Filing: 000165495420003266 The citation records this snapshot. The page link may show a newer release later.
2019 2019-01-01 – 2019-12-31	USD 1.95 million Exact value Exact value: 1949000 USD 2019-01-01 – 2019-12-31: 1949000 USD Inspect Net Income Open source Share or cite Citation for Net Income · SMITH-MIDLAND CORPORATION · 2019-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Net Income: 1949000 USD Concept: fundies:NetIncome Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719/explain?concept=fundies%3ANetIncome&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:NetIncome: 1949000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495421003448/smid-20201231.xml#87369 Filing: 000165495421003448 The citation records this snapshot. The page link may show a newer release later.	USD 3.93 million Exact value Exact value: 3932000 USD 2019-01-01 – 2019-12-31: 3932000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · SMITH-MIDLAND CORPORATION · 2019-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Operating Cash Flow: 3932000 USD Concept: fundies:OperatingCashFlow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719/explain?concept=fundies%3AOperatingCashFlow&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 3932000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495421003448/smid-20201231.xml#95685 Filing: 000165495421003448 The citation records this snapshot. The page link may show a newer release later.	USD 4.51 million Exact value Exact value: 4513000 USD 2019-01-01 – 2019-12-31: 4513000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · SMITH-MIDLAND CORPORATION · 2019-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Capital Expenditure: 4513000 USD Concept: fundies:CapitalExpenditure Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719/explain?concept=fundies%3ACapitalExpenditure&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 4513000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495421003448/smid-20201231.xml#96365 Filing: 000165495421003448 The citation records this snapshot. The page link may show a newer release later.	−USD 581,000 Calculation and evidence 3932000 − 4513000 USD Exact free cash flow: -581000 USD 2019-01-01 – 2019-12-31: 3932000 USD · Inspect Operating Cash Flow · Source 2019-01-01 – 2019-12-31: 4513000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · SMITH-MIDLAND CORPORATION · 2019-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Free cash flow: -581000 USD Concept: free-cash-flow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 3932000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495421003448/smid-20201231.xml#95685 Filing: 000165495421003448 Input fundies:CapitalExpenditure: 4513000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495421003448/smid-20201231.xml#96365 Filing: 000165495421003448 The citation records this snapshot. The page link may show a newer release later.
2020 2020-01-01 – 2020-12-31	USD 2.67 million Exact value Exact value: 2665000 USD 2020-01-01 – 2020-12-31: 2665000 USD Inspect Net Income Open source Share or cite Citation for Net Income · SMITH-MIDLAND CORPORATION · 2020-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Net Income: 2665000 USD Concept: fundies:NetIncome Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719/explain?concept=fundies%3ANetIncome&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:NetIncome: 2665000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495422004286/smid_10k.htm#697579 Filing: 000165495422004286 The citation records this snapshot. The page link may show a newer release later.	USD 7.49 million Exact value Exact value: 7487000 USD 2020-01-01 – 2020-12-31: 7487000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · SMITH-MIDLAND CORPORATION · 2020-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Operating Cash Flow: 7487000 USD Concept: fundies:OperatingCashFlow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719/explain?concept=fundies%3AOperatingCashFlow&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 7487000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495422004286/smid_10k.htm#733464 Filing: 000165495422004286 The citation records this snapshot. The page link may show a newer release later.	USD 2.63 million Exact value Exact value: 2627000 USD 2020-01-01 – 2020-12-31: 2627000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · SMITH-MIDLAND CORPORATION · 2020-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Capital Expenditure: 2627000 USD Concept: fundies:CapitalExpenditure Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719/explain?concept=fundies%3ACapitalExpenditure&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 2627000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495422004286/smid_10k.htm#741821 Filing: 000165495422004286 The citation records this snapshot. The page link may show a newer release later.	USD 4.86 million Calculation and evidence 7487000 − 2627000 USD Exact free cash flow: 4860000 USD 2020-01-01 – 2020-12-31: 7487000 USD · Inspect Operating Cash Flow · Source 2020-01-01 – 2020-12-31: 2627000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · SMITH-MIDLAND CORPORATION · 2020-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Free cash flow: 4860000 USD Concept: free-cash-flow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 7487000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495422004286/smid_10k.htm#733464 Filing: 000165495422004286 Input fundies:CapitalExpenditure: 2627000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495422004286/smid_10k.htm#741821 Filing: 000165495422004286 The citation records this snapshot. The page link may show a newer release later.
2021 2021-01-01 – 2021-12-31	USD 7.57 million Exact value Exact value: 7570000 USD 2021-01-01 – 2021-12-31: 7570000 USD Inspect Net Income Open source Share or cite Citation for Net Income · SMITH-MIDLAND CORPORATION · 2021-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Net Income: 7570000 USD Concept: fundies:NetIncome Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719/explain?concept=fundies%3ANetIncome&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:NetIncome: 7570000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495423004852/smid_10k.htm#695046 Filing: 000165495423004852 The citation records this snapshot. The page link may show a newer release later.	USD 9.13 million Exact value Exact value: 9126000 USD 2021-01-01 – 2021-12-31: 9126000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · SMITH-MIDLAND CORPORATION · 2021-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Operating Cash Flow: 9126000 USD Concept: fundies:OperatingCashFlow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719/explain?concept=fundies%3AOperatingCashFlow&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 9126000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495423004852/smid_10k.htm#729019 Filing: 000165495423004852 The citation records this snapshot. The page link may show a newer release later.	USD 5.37 million Exact value Exact value: 5367000 USD 2021-01-01 – 2021-12-31: 5367000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · SMITH-MIDLAND CORPORATION · 2021-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Capital Expenditure: 5367000 USD Concept: fundies:CapitalExpenditure Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719/explain?concept=fundies%3ACapitalExpenditure&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 5367000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495423004852/smid_10k.htm#737599 Filing: 000165495423004852 The citation records this snapshot. The page link may show a newer release later.	USD 3.76 million Calculation and evidence 9126000 − 5367000 USD Exact free cash flow: 3759000 USD 2021-01-01 – 2021-12-31: 9126000 USD · Inspect Operating Cash Flow · Source 2021-01-01 – 2021-12-31: 5367000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · SMITH-MIDLAND CORPORATION · 2021-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Free cash flow: 3759000 USD Concept: free-cash-flow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 9126000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495423004852/smid_10k.htm#729019 Filing: 000165495423004852 Input fundies:CapitalExpenditure: 5367000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495423004852/smid_10k.htm#737599 Filing: 000165495423004852 The citation records this snapshot. The page link may show a newer release later.
2022 2022-01-01 – 2022-12-31	USD 800,000 Exact value Exact value: 800000 USD 2022-01-01 – 2022-12-31: 800000 USD Inspect Net Income Open source Share or cite Citation for Net Income · SMITH-MIDLAND CORPORATION · 2022-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Net Income: 800000 USD Concept: fundies:NetIncome Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719/explain?concept=fundies%3ANetIncome&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:NetIncome: 800000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495424006855/smid_10k.htm#711387 Filing: 000165495424006855 The citation records this snapshot. The page link may show a newer release later.	−USD 6.33 million Exact value Exact value: -6334000 USD 2022-01-01 – 2022-12-31: -6334000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · SMITH-MIDLAND CORPORATION · 2022-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Operating Cash Flow: -6334000 USD Concept: fundies:OperatingCashFlow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719/explain?concept=fundies%3AOperatingCashFlow&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -6334000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495424006855/smid_10k.htm#743986 Filing: 000165495424006855 The citation records this snapshot. The page link may show a newer release later.	USD 2.75 million Exact value Exact value: 2749000 USD 2022-01-01 – 2022-12-31: 2749000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · SMITH-MIDLAND CORPORATION · 2022-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Capital Expenditure: 2749000 USD Concept: fundies:CapitalExpenditure Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719/explain?concept=fundies%3ACapitalExpenditure&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 2749000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495424006855/smid_10k.htm#749883 Filing: 000165495424006855 The citation records this snapshot. The page link may show a newer release later.	−USD 9.08 million Calculation and evidence -6334000 − 2749000 USD Exact free cash flow: -9083000 USD 2022-01-01 – 2022-12-31: -6334000 USD · Inspect Operating Cash Flow · Source 2022-01-01 – 2022-12-31: 2749000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · SMITH-MIDLAND CORPORATION · 2022-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Free cash flow: -9083000 USD Concept: free-cash-flow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -6334000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495424006855/smid_10k.htm#743986 Filing: 000165495424006855 Input fundies:CapitalExpenditure: 2749000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495424006855/smid_10k.htm#749883 Filing: 000165495424006855 The citation records this snapshot. The page link may show a newer release later.
2023 2023-01-01 – 2023-12-31	USD 795,000 Exact value Exact value: 795000 USD 2023-01-01 – 2023-12-31: 795000 USD Inspect Net Income Open source Share or cite Citation for Net Income · SMITH-MIDLAND CORPORATION · 2023-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Net Income: 795000 USD Concept: fundies:NetIncome Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719/explain?concept=fundies%3ANetIncome&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:NetIncome: 795000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495425006144/smid_10k.htm#653483 Filing: 000165495425006144 The citation records this snapshot. The page link may show a newer release later.	USD 7.73 million Exact value Exact value: 7732000 USD 2023-01-01 – 2023-12-31: 7732000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · SMITH-MIDLAND CORPORATION · 2023-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Operating Cash Flow: 7732000 USD Concept: fundies:OperatingCashFlow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719/explain?concept=fundies%3AOperatingCashFlow&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 7732000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495425006144/smid_10k.htm#742172 Filing: 000165495425006144 The citation records this snapshot. The page link may show a newer release later.	USD 5.01 million Exact value Exact value: 5010000 USD 2023-01-01 – 2023-12-31: 5010000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · SMITH-MIDLAND CORPORATION · 2023-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Capital Expenditure: 5010000 USD Concept: fundies:CapitalExpenditure Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719/explain?concept=fundies%3ACapitalExpenditure&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 5010000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495425006144/smid_10k.htm#748101 Filing: 000165495425006144 The citation records this snapshot. The page link may show a newer release later.	USD 2.72 million Calculation and evidence 7732000 − 5010000 USD Exact free cash flow: 2722000 USD 2023-01-01 – 2023-12-31: 7732000 USD · Inspect Operating Cash Flow · Source 2023-01-01 – 2023-12-31: 5010000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · SMITH-MIDLAND CORPORATION · 2023-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Free cash flow: 2722000 USD Concept: free-cash-flow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 7732000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495425006144/smid_10k.htm#742172 Filing: 000165495425006144 Input fundies:CapitalExpenditure: 5010000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495425006144/smid_10k.htm#748101 Filing: 000165495425006144 The citation records this snapshot. The page link may show a newer release later.
2024 2024-01-01 – 2024-12-31	USD 7.68 million Exact value Exact value: 7675000 USD 2024-01-01 – 2024-12-31: 7675000 USD Inspect Net Income Open source Share or cite Citation for Net Income · SMITH-MIDLAND CORPORATION · 2024-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Net Income: 7675000 USD Concept: fundies:NetIncome Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719/explain?concept=fundies%3ANetIncome&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:NetIncome: 7675000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495426003505/smid_10k.htm#665315 Filing: 000165495426003505 The citation records this snapshot. The page link may show a newer release later.	USD 5.16 million Exact value Exact value: 5158000 USD 2024-01-01 – 2024-12-31: 5158000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · SMITH-MIDLAND CORPORATION · 2024-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Operating Cash Flow: 5158000 USD Concept: fundies:OperatingCashFlow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719/explain?concept=fundies%3AOperatingCashFlow&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 5158000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495426003505/smid_10k.htm#751360 Filing: 000165495426003505 The citation records this snapshot. The page link may show a newer release later.	USD 6.2 million Exact value Exact value: 6203000 USD 2024-01-01 – 2024-12-31: 6203000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · SMITH-MIDLAND CORPORATION · 2024-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Capital Expenditure: 6203000 USD Concept: fundies:CapitalExpenditure Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719/explain?concept=fundies%3ACapitalExpenditure&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 6203000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495426003505/smid_10k.htm#757302 Filing: 000165495426003505 The citation records this snapshot. The page link may show a newer release later.	−USD 1.05 million Calculation and evidence 5158000 − 6203000 USD Exact free cash flow: -1045000 USD 2024-01-01 – 2024-12-31: 5158000 USD · Inspect Operating Cash Flow · Source 2024-01-01 – 2024-12-31: 6203000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · SMITH-MIDLAND CORPORATION · 2024-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Free cash flow: -1045000 USD Concept: free-cash-flow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 5158000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495426003505/smid_10k.htm#751360 Filing: 000165495426003505 Input fundies:CapitalExpenditure: 6203000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495426003505/smid_10k.htm#757302 Filing: 000165495426003505 The citation records this snapshot. The page link may show a newer release later.
2025 2025-01-01 – 2025-12-31	USD 12.51 million Exact value Exact value: 12506000 USD 2025-01-01 – 2025-12-31: 12506000 USD Inspect Net Income Open source Share or cite Citation for Net Income · SMITH-MIDLAND CORPORATION · 2025-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Net Income: 12506000 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719/explain?concept=fundies%3ANetIncome&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:NetIncome: 12506000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495426003505/smid_10k.htm#703810 Filing: 000165495426003505 The citation records this snapshot. The page link may show a newer release later.	USD 14.3 million Exact value Exact value: 14301000 USD 2025-01-01 – 2025-12-31: 14301000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · SMITH-MIDLAND CORPORATION · 2025-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Operating Cash Flow: 14301000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719/explain?concept=fundies%3AOperatingCashFlow&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 14301000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495426003505/smid_10k.htm#750679 Filing: 000165495426003505 The citation records this snapshot. The page link may show a newer release later.	USD 9.34 million Exact value Exact value: 9338000 USD 2025-01-01 – 2025-12-31: 9338000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · SMITH-MIDLAND CORPORATION · 2025-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Capital Expenditure: 9338000 USD Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719/explain?concept=fundies%3ACapitalExpenditure&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 9338000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495426003505/smid_10k.htm#756690 Filing: 000165495426003505 The citation records this snapshot. The page link may show a newer release later.	USD 4.96 million Calculation and evidence 14301000 − 9338000 USD Exact free cash flow: 4963000 USD 2025-01-01 – 2025-12-31: 14301000 USD · Inspect Operating Cash Flow · Source 2025-01-01 – 2025-12-31: 9338000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · SMITH-MIDLAND CORPORATION · 2025-12-31 SMITH-MIDLAND CORPORATION (edgar:924719) Free cash flow: 4963000 USD Concept: free-cash-flow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/924719?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 14301000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495426003505/smid_10k.htm#750679 Filing: 000165495426003505 Input fundies:CapitalExpenditure: 9338000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/924719/000165495426003505/smid_10k.htm#756690 Filing: 000165495426003505 The citation records this snapshot. The page link may show a newer release later.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

155 filings · 4,733 latest values · 4,733 originally reported values

Dataset published 2026-11-02. Source filing dates and reporting periods are shown separately.

Identifiers: 0000924719, 924719, SMID, edgar:924719

Also known as SMITH MIDLAND CORP, SMITH-MIDLAND CORPORATION, Smith-Midland Corporation

SMITH-MIDLAND CORPORATION

Latest quarter

Revenue

Operating margin

Operating cash flow

Free cash flow

Reported share-count change

Trailing twelve months

Revenue

Net income

Operating cash flow

Capital expenditure

Free cash flow

Company performance

What changed year over year

Revenue

Net income

Operating cash flow

Capital expenditure

Where revenue goes

2025 2025-01-01 – 2025-12-31

Cash

Share of revenue by period

Growth

Profit and cash

Balance sheet

Cash generation