SMID: Smith Midland Corp Financial Statements
Balance sheet, income statement, and cash flow statements for Smith Midland Corp (SMID).
$235.84M Market Cap.
SMID Market Cap. (MRY)
SMID Shares Outstanding (MRY)
SMID Assets (MRY)
Total Assets
$67.99M
Total Liabilities
$26.25M
Total Investments
$0
SMID Income (MRY)
Revenue
$78.51M
Net Income
$7.67M
Operating Expense
$10.11M
SMID Cash Flow (MRY)
CF Operations
$5.16M
CF Investing
-$6.15M
CF Financing
-$635.00K
SMID Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $67,991,000 (10.83%) | $61,348,000 (12.95%) | $54,313,000 (1.95%) | $53,275,000 (14.57%) |
Assets Current | $35,849,000 (7.57%) | $33,325,000 (15.15%) | $28,940,000 (4.28%) | $27,751,000 (18.89%) |
Assets Non-Current | $32,142,000 (14.70%) | $28,023,000 (10.44%) | $25,373,000 (-0.59%) | $25,524,000 (10.22%) |
Goodwill & Intangible Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Shareholders Equity | $41,739,000 (22.18%) | $34,161,000 (3.35%) | $33,055,000 (4.11%) | $31,750,000 (34.26%) |
Property Plant & Equipment Net | $31,704,000 (14.54%) | $27,680,000 (10.17%) | $25,124,000 (14.59%) | $21,926,000 (17.87%) |
Cash & Equivalents | $7,548,000 (-17.73%) | $9,175,000 (36.41%) | $6,726,000 (-50.15%) | $13,492,000 (53.95%) |
Accumulated Other Comprehensive Income | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Deferred Revenue | $10,535,000 (47.53%) | $7,141,000 (61.67%) | $4,417,000 (2.27%) | $4,319,000 (81.93%) |
Total Investments | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Non-Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Inventory | $6,677,000 (29.65%) | $5,150,000 (34.89%) | $3,818,000 (34.20%) | $2,845,000 (29.67%) |
Trade & Non-Trade Receivables | $20,747,000 (16.99%) | $17,734,000 (3.03%) | $17,213,000 (64.69%) | $10,452,000 (-0.83%) |
Trade & Non-Trade Payables | $4,741,000 (-35.37%) | $7,336,000 (26.13%) | $5,816,000 (180.83%) | $2,071,000 (10.99%) |
Accumulated Retained Earnings (Deficit) | $34,070,000 (29.08%) | $26,395,000 (2.85%) | $25,664,000 (3.22%) | $24,864,000 (43.77%) |
Tax Assets | $0 (0%) | $0 (0%) | $477,000 (16.06%) | $411,000 (0%) |
Tax Liabilities | $2,033,000 (-4.28%) | $2,124,000 (-4.80%) | $2,231,000 (-44.06%) | $3,988,000 (36.06%) |
Total Debt | $5,205,000 (-9.84%) | $5,773,000 (-10.77%) | $6,470,000 (48.63%) | $4,353,000 (-45.07%) |
Debt Current | $679,000 (0.00%) | $679,000 (-2.30%) | $695,000 (26.13%) | $551,000 (-33.21%) |
Debt Non-Current | $4,526,000 (-11.15%) | $5,094,000 (-11.79%) | $5,775,000 (51.89%) | $3,802,000 (-46.44%) |
Total Liabilities | $26,252,000 (-3.44%) | $27,187,000 (27.89%) | $21,258,000 (-1.24%) | $21,525,000 (-5.80%) |
Liabilities Current | $15,010,000 (-6.29%) | $16,018,000 (42.71%) | $11,224,000 (-19.27%) | $13,903,000 (56.21%) |
Liabilities Non-Current | $11,242,000 (0.65%) | $11,169,000 (11.31%) | $10,034,000 (31.65%) | $7,622,000 (-45.36%) |
SMID Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $78,508,000 (31.77%) | $59,580,000 (18.85%) | $50,131,000 (-1.01%) | $50,642,000 (15.46%) |
Cost of Revenue | $58,498,000 (19.56%) | $48,928,000 (20.33%) | $40,662,000 (12.26%) | $36,222,000 (10.37%) |
Selling General & Administrative Expense | $10,111,000 (6.05%) | $9,534,000 (10.67%) | $8,615,000 (4.40%) | $8,252,000 (13.30%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $10,111,000 (6.05%) | $9,534,000 (10.67%) | $8,615,000 (4.40%) | $8,252,000 (13.30%) |
Interest Expense | $231,000 (-9.41%) | $255,000 (-1.92%) | $260,000 (36.84%) | $190,000 (-12.44%) |
Income Tax Expense | $2,143,000 (305.87%) | $528,000 (264.14%) | $145,000 (-90.49%) | $1,524,000 (35.23%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | $7,675,000 (865.41%) | $795,000 (-0.63%) | $800,000 (-89.43%) | $7,570,000 (184.05%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | $7,675,000 (865.41%) | $795,000 (-0.63%) | $800,000 (-89.43%) | $7,570,000 (184.05%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | $7,675,000 (865.41%) | $795,000 (-0.63%) | $800,000 (-89.43%) | $7,570,000 (184.05%) |
Weighted Average Shares | $5,304,606 (0.90%) | $5,257,413 (0.51%) | $5,230,658 (0.38%) | $5,210,991 (0.52%) |
Weighted Average Shares Diluted | - | - | - | - |
Earning Before Interest & Taxes (EBIT) | $10,049,000 (536.82%) | $1,578,000 (30.95%) | $1,205,000 (-87.02%) | $9,284,000 (131.58%) |
Gross Profit | $20,010,000 (87.85%) | $10,652,000 (12.49%) | $9,469,000 (-34.33%) | $14,420,000 (30.59%) |
Operating Income | $9,899,000 (785.42%) | $1,118,000 (30.91%) | $854,000 (-86.15%) | $6,168,000 (64.09%) |
SMID Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$6,150,000 (-31.86%) | -$4,664,000 (-77.27%) | -$2,631,000 (28.00%) | -$3,654,000 (-50.93%) |
Net Cash Flow from Financing | -$635,000 (-2.58%) | -$619,000 (-128.15%) | $2,199,000 (395.56%) | -$744,000 (-131.88%) |
Net Cash Flow from Operations | $5,158,000 (-33.29%) | $7,732,000 (222.07%) | -$6,334,000 (-169.41%) | $9,126,000 (21.89%) |
Net Cash Flow / Change in Cash & Cash Equivalents | -$1,627,000 (-166.44%) | $2,449,000 (136.20%) | -$6,766,000 (-243.10%) | $4,728,000 (-36.11%) |
Net Cash Flow - Business Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | $1,224,000 (4320.69%) |
Capital Expenditure | -$6,150,000 (-31.86%) | -$4,664,000 (-77.27%) | -$2,631,000 (46.06%) | -$4,878,000 (-103.93%) |
Issuance (Repayment) of Debt Securities | -$635,000 (-2.58%) | -$619,000 (-127.83%) | $2,224,000 (398.92%) | -$744,000 (-128.44%) |
Issuance (Purchase) of Equity Shares | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Payment of Dividends & Other Cash Distributions | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Effect of Exchange Rate Changes on Cash | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Share Based Compensation | $45,000 (-88.00%) | $375,000 (-25.74%) | $505,000 (-4.90%) | $531,000 (225.77%) |
Depreciation Amortization & Accretion | $2,664,000 (11.05%) | $2,399,000 (-16.73%) | $2,881,000 (7.86%) | $2,671,000 (10.74%) |
SMID Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 25.50% (42.46%) | 17.90% (-5.29%) | 18.90% (-33.68%) | 28.50% (13.10%) |
Profit Margin | 9.80% (653.85%) | 1.30% (-18.75%) | 1.60% (-89.26%) | 14.90% (144.26%) |
EBITDA Margin | 16.20% (141.79%) | 6.70% (-18.29%) | 8.20% (-65.25%) | 23.60% (61.64%) |
Return on Average Equity (ROAE) | 19.90% (729.17%) | 2.40% (-4.00%) | 2.50% (-90.31%) | 25.80% (113.22%) |
Return on Average Assets (ROAA) | 11.70% (735.71%) | 1.40% (-6.67%) | 1.50% (-89.44%) | 14.20% (136.67%) |
Return on Sales (ROS) | 12.80% (392.31%) | 2.60% (8.33%) | 2.40% (-86.89%) | 18.30% (101.10%) |
Return on Invested Capital (ROIC) | 20.70% (475.00%) | 3.60% (16.13%) | 3.10% (-89.16%) | 28.60% (164.81%) |
Dividend Yield | 0% (0%) | 0% (0%) | 0% (0%) | 0% (0%) |
Price to Earnings Ratio (P/E) | 30.66 (-88.36%) | 263.33 (92.68%) | 136.67 (321.63%) | 32.41 (74.94%) |
Price to Sales Ratio (P/S) | 3 (-13.83%) | 3.49 (62.97%) | 2.14 (-55.77%) | 4.84 (332.95%) |
Price to Book Ratio (P/B) | 5.65 (-7.06%) | 6.08 (87.39%) | 3.24 (-57.95%) | 7.71 (272.48%) |
Debt to Equity Ratio (D/E) | 0.63 (-20.98%) | 0.8 (23.79%) | 0.64 (-5.16%) | 0.68 (-29.81%) |
Earnings Per Share (EPS) | 1.45 (866.67%) | 0.15 (0.00%) | 0.15 (-89.66%) | 1.45 (184.31%) |
Sales Per Share (SPS) | 14.8 (30.59%) | 11.33 (18.25%) | 9.58 (-1.38%) | 9.72 (14.86%) |
Free Cash Flow Per Share (FCFPS) | -0.19 (-132.02%) | 0.58 (134.07%) | -1.71 (-310.31%) | 0.81 (-17.09%) |
Book Value Per Share (BVPS) | 7.87 (21.08%) | 6.5 (2.83%) | 6.32 (3.71%) | 6.09 (33.56%) |
Tangible Assets Book Value Per Share (TABVPS) | 12.82 (9.84%) | 11.67 (12.37%) | 10.38 (1.56%) | 10.22 (13.98%) |
Enterprise Value Over EBIT (EV/EBIT) | 23 (-82.58%) | 132 (53.49%) | 86 (244.00%) | 25 (108.33%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 18.26 (-65.05%) | 52.24 (106.98%) | 25.24 (28.66%) | 19.62 (153.78%) |
Asset Turnover | 1.19 (15.62%) | 1.03 (13.17%) | 0.91 (-4.41%) | 0.95 (-3.83%) |
Current Ratio | 2.39 (14.81%) | 2.08 (-19.32%) | 2.58 (29.16%) | 2 (-23.90%) |
Dividends | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Free Cash Flow (FCF) | -$992,000 (-132.33%) | $3,068,000 (134.22%) | -$8,965,000 (-311.04%) | $4,248,000 (-16.62%) |
Enterprise Value (EV) | $232,123,783 (11.73%) | $207,760,814 (101.45%) | $103,131,489 (-56.02%) | $234,518,577 (372.49%) |
Earnings Before Tax (EBT) | $9,818,000 (642.10%) | $1,323,000 (40.00%) | $945,000 (-89.61%) | $9,094,000 (139.82%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $12,713,000 (219.66%) | $3,977,000 (-2.67%) | $4,086,000 (-65.82%) | $11,955,000 (86.19%) |
Invested Capital | $50,638,000 (20.77%) | $41,928,000 (-2.11%) | $42,833,000 (41.68%) | $30,233,000 (-17.75%) |
Working Capital | $20,839,000 (20.41%) | $17,307,000 (-2.31%) | $17,716,000 (27.93%) | $13,848,000 (-4.11%) |
Tangible Asset Value | $67,991,000 (10.83%) | $61,348,000 (12.95%) | $54,313,000 (1.95%) | $53,275,000 (14.57%) |
Market Capitalization | $235,842,783 (13.57%) | $207,667,814 (93.67%) | $107,228,489 (-56.22%) | $244,916,577 (399.94%) |
Average Equity | $38,642,750 (15.70%) | $33,399,250 (2.35%) | $32,632,250 (11.15%) | $29,358,500 (32.82%) |
Average Assets | $65,879,000 (13.97%) | $57,804,500 (5.02%) | $55,043,000 (3.54%) | $53,161,500 (20.10%) |
Invested Capital Average | $48,630,500 (10.20%) | $44,129,250 (14.34%) | $38,595,500 (18.85%) | $32,473,500 (-12.42%) |
Shares | 5,304,606 (0.90%) | 5,257,413 (0.51%) | 5,230,658 (0.38%) | 5,210,991 (0.52%) |
