SMID · Smith Midland Corp
One customer — 10% of revenue (the six months ended June 30, 2026)
“For the six months ended June 30, 2026, the Company derived 10% of its revenue from one customer.”
One customer — 24% of revenue (the six months ended June 30, 2025)
“For the six months ended June 30, 2025, the Company derived 24% and 10% of its revenue from two customers respectively.”
One customer — 16% of revenue (the three months ended June 30, 2025)
“For the three months ended June 30, 2025, the Company derived 16% and 10% of its revenue from two customers respectively.”
One customer — 10% of revenue (the six months ended June 30, 2025)
“For the six months ended June 30, 2025, the Company derived 24% and 10% of its revenue from two customers respectively.”
One customer — 10% of revenue (the three months ended June 30, 2025)
“For the three months ended June 30, 2025, the Company derived 16% and 10% of its revenue from two customers respectively.”
One customer — 17% of receivables (As of June 30, 2026)
“As of June 30, 2026, one customer's outstanding receivable balance exceeded 17% of the total outstanding receivable balance.”
3 customers — 10% of receivables (As of June 30, 2025)
“As of June 30, 2025, three customers' outstanding receivable balance exceeded 10% of the total outstanding receivable balance.”
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $89.5M | $93.45M | $78.51M | $59.58M | $50.13M | $50.64M | $43.86M | $46.69M | $40.22M | $41.72M | $40.05M | $29.2M | $22.47M | $27.71M | $24.89M | $26.7M | |
| — | — | $679K | $0 | — | — | — | — | — | — | — | — | — | — | — | — | |
| $68.5M | $67.41M | $58.5M | $48.93M | $40.66M | $36.22M | $32.82M | $36.72M | $29.73M | $30.25M | $29.7M | $22.09M | $18.63M | $21.14M | $19.45M | $22.09M | |
| $21M | $26.04M | $20.01M | $10.65M | $9.47M | $14.42M | $11.04M | $9.97M | $10.49M | $11.46M | $10.35M | $7.11M | $3.85M | $6.57M | $5.45M | $4.6M | |
| — | 27.86% | 25.49% | 17.88% | 18.89% | 28.47% | 25.17% | 21.35% | 26.08% | 27.48% | 25.84% | 24.35% | 17.11% | 23.72% | 21.88% | 17.24% | |
| — | — | — | $3.54M | $3.06M | $2.84M | $2.29M | $2.54M | $2.6M | $2.5M | $2.12M | $2.17M | $2.22M | $2.32M | $2.21M | $2.34M | |
| $6.81M | $5.67M | $6.55M | $5.99M | $5.55M | $5.42M | $4.99M | $4.89M | $5.68M | $5.25M | $3.89M | $3.37M | $2.98M | $3.09M | $2.66M | $2.87M | |
| — | $2.89M | $2.66M | $2.4M | $2.88M | $2.67M | $2.41M | $1.79M | $1.25M | $926K | $821K | $667.9K | $636.64K | $634.87K | $674.16K | $712.83K | |
| $10.2M | $9.04M | $10.11M | $9.53M | $8.62M | $8.25M | $7.28M | $7.42M | $8.27M | $7.75M | $6.01M | $5.53M | $5.2M | $5.41M | $4.87M | $5.21M | |
| $10.8M | $16.99M | $9.9M | $1.12M | $854K | $6.17M | $3.76M | $2.55M | $2.22M | $3.72M | $4.34M | $1.58M | -$1.19M | $1.28M | $687.76K | -$364.84K | |
| — | 18.19% | 12.61% | 1.88% | 1.7% | 12.18% | 8.57% | 5.45% | 5.51% | 8.91% | 10.83% | 5.4% | -5.32% | 4.62% | 2.76% | -1.37% | |
| — | $19.88M | $12.56M | $3.52M | $3.74M | $8.84M | $6.17M | $4.34M | $3.46M | $4.64M | $5.16M | $2.24M | -$558.29K | $1.91M | $1.36M | $348K | |
| $221K | $225K | $231K | $255K | $260K | $190K | $217K | $179K | $176K | $184K | $162K | $103.09K | $116.23K | $132.03K | $134.83K | $136.07K | |
| -$29K | $32K | -$81K | $205K | $91K | $2.93M | $33K | -$48K | $43K | $26K | -$39K | $24.43K | — | — | — | — | |
| $10.77M | $17.03M | $9.82M | $1.32M | $945K | $9.09M | $3.79M | $2.5M | $2.26M | $3.74M | $4.3M | $1.6M | -$1.3M | $1.08M | $558.69K | -$487.68K | |
| $3.05M | $4.52M | $2.14M | $528K | $145K | $1.52M | $1.13M | $549K | $572K | $1.06M | $1.46M | $557K | -$498K | $391K | $182K | -$136K | |
| $7.73M | $12.51M | $7.68M | $795K | $800K | $7.57M | $2.67M | $1.95M | $1.69M | $2.68M | $2.84M | $1.04M | -$804.84K | $691.5K | $376.69K | -$351.68K | |
| — | 13.38% | 9.78% | 1.33% | 1.6% | 14.95% | 6.08% | 4.17% | 4.19% | 6.43% | 7.08% | 3.58% | -3.58% | 2.5% | 1.51% | -1.32% | |
| $7.73M | $12.51M | $7.68M | $795K | $800K | $7.57M | $2.67M | $1.96M | $1.69M | $2.68M | — | — | -$804.84K | $691.5K | $376.69K | -$351.68K | |
| $2.11M | — | — | — | — | — | — | — | $1.67M | $2.69M | $2.82M | $1.04M | -$770.45K | $650.49K | $376.69K | — | |
| USD/shares | — | $2.36 | $1.45 | $0.15 | $0.15 | $1.45 | $0.51 | $0.38 | $0.33 | $0.53 | $0.57 | $0.21 | -$0.16 | $0.14 | $0.08 | -$0.07 |
| USD/shares | — | $2.36 | $1.45 | $0.15 | $0.15 | $1.45 | $0.51 | $0.38 | $0.33 | $0.53 | $0.56 | $0.21 | -$0.16 | $0.14 | $0.08 | -$0.07 |
| shares | — | 5.31M | 5.29M | 5.26M | 5.23M | 5205 | 5.19M | 5142 | 5080 | 5042 | 4.93M | 4.9M | 4.88M | 4.84M | 4.83M | 4.79M |
| shares | — | 5.31M | 5.29M | 5.29M | 5.25M | 5232 | 5.19M | 5147 | 5096 | 5079 | 5.07M | 4.95M | 4.88M | 4.88M | 4.87M | 4.79M |
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2011–FY2021: $1.62M in dividends.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 7 similar-size Building Materials companies (of 13 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Product Sales | $48,276,000 | $45,624,000 | $38,748,000 | $27,821,000 | $28,500,000 | $26,776,000 |
| Service Revenue | $45,170,000 | $32,884,000 | $20,832,000 | $22,310,000 | $22,142,000 | $17,086,000 |