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Smith Midland Corp income statement

In fiscal 2025, Smith Midland Corp reported revenue of $93.4m, up 19.0% on the year before, operating income of $17.0m (a 18.2% margin) and net income of $12.5m, or $2.36 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue27252822294042404744515060799389
Cost of revenue22192119223030303733364149586768
Gross profit55747101110101114911202621
Selling and marketing2222222332334———
General and administrative3333345655566767
Operating income−011−1244234611101711
Interest expense0000000000000000
Income before tax−011−1244224911101711
Income tax−000−0111111201253
Net income−001−11332238118138
Diluted EPS−$0.07$0.08$0.14−$0.16$0.21$0.56$0.53$0.33$0.38$0.51$1.45$0.15$0.15$1.45$2.36—
Diluted shares (average)5m5m5m5m5m5m5m5m5m5m5m5m5m5m5m—
EBITDA012−1255346944132014

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Smith Midland Corp's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Smith Midland Corp.