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Companies / Materials / SMITH MIDLAND CORP
SMID

SMITH MIDLAND CORP

MaterialsGlass & Stone
Ticker SMIDMIDLAND, VAFiscal year ends DecemberBook value per share $10.75Diluted shares 5.3M

Smith-Midland Corporation (NASDAQ: SMID) is a Delaware-incorporated manufacturer and marketer of precast concrete products and systems serving the construction, highway, utilities, and farming industries across the Mid-Atlantic, Northeastern, Midwestern, and Southeastern regions of the United States. The company… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$93.45M
+19.0% year over year
Last 12 mo $89.50M
18.19%
+5.6 percentage points
Last 12 mo 23.13%
$12.51M
+62.9% year over year
23.03%
+4.6 percentage points
Last 12 mo 26.68%
Cash & financing
$14.30M
+177.3% year over year
$4.96M
+574.9% year over year
0.13
Was 0.16× a year earlier
Last 12 mo 0.07
—
Last 12 mo 5.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What SMITH MIDLAND CORP does

In the company’s own words

Smith-Midland Corporation (NASDAQ: SMID) is a Delaware-incorporated manufacturer and marketer of precast concrete products and systems serving the construction, highway, utilities, and farming industries across the Mid-Atlantic, Northeastern, Midwestern, and Southeastern regions of the United States. The company operates through six wholly-owned subsidiaries and maintains manufacturing facilities in Midland, Virginia; Reidsville, North Carolina; and Hopkins, South Carolina, totaling approximately 114,000 square feet of production space across 163 acres of owned land.

The company's core business centers on innovative, proprietary precast concrete products including SlenderWall®, a lightweight energy-efficient exterior wall panel system; J-J Hooks® Highway Safety Barrier, a positively-connected crash-tested safety barrier approved by the Federal Highway Administration; Sierra Wall™, a sound and sight barrier for highways and residential applications; Easi-Set® and Easi-Span® transportable precast buildings; and SoftSound™, a proprietary sound-absorptive finish for noise reduction. Additional product lines encompass utility vaults, farm products such as cattleguards, and custom architectural precast concrete products. The company also operates a barrier rental fleet and maintains a licensing program granting manufacturing rights to approximately 70 licensees across the United States, Canada, Australia, New Zealand, Belgium, Mexico, and Trinidad.

As of March 2026, Smith-Midland employed 285 people, comprising 179 full-time employees, nine part-time employees, and 97 contract workers distributed across its three facilities. The company generates revenues from product sales, barrier rentals, royalty income, and shipping and installation services. For the fiscal year ended December 31, 2025, total revenue reached $93.4 million, with product sales representing approximately 52 percent of revenue and service and other revenue comprising 48 percent. The company's intellectual property portfolio includes patents, trademarks, trade dress registrations, crash test certifications, and regulatory approvals from federal and state transportation authorities that provide competitive advantages and barriers to entry in its markets.

Company details
Sector
Materials
Industry
Glass & Stone
Headquarters
MIDLAND, VA
Fiscal year end
December
CIK
924719
SIC
3272

Financial performance, year by year

Fiscal 2013–2025 · USD
$-10.23M$18.05M$46.32M$74.60M$102.87M2013201420152016201720182019202020212022202320242025Last 12 moLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns SMITH MIDLAND CORP — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

85
funds hold it
0 of 35
superinvestors hold it
$19.76M
held by funds, at market
12.5%
of shares held by funds

Largest fund holders · SMITH MIDLAND CORP’s weight in each

Needham Aggressive Growth Fund
NEAGX · Needham Funds Inc
0.25%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Small Cap Index Fund
FSSNX · Fidelity Salem Street Trust
0.00%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do SMITH MIDLAND CORP and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of SMITH MIDLAND CORP's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in SMITH MIDLAND CORP's last four quarterly filings that the numbers alone won't show?”
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