← BackSMITH MIDLAND CORP · Concrete Products, Except Block & BrickSMID
Elevated riskNext report: Around Nov 13 (est.)
The short versionA high-quality, profitable business with growing sales.
Going well
- Profitable every year for 10 years
- Sales up 19% last year
- Brings in more cash than it spends
Money moves
- No insider buying or selling in the last 30 days
- Institutions cut 1% from their holdings in the quarter ending June 2026 (22 bought, 24 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$21.24-0.1% that day
- Company value
- $113M
- Share price times all shares
- Price vs profit (P/E)
- 14.6x
- You pay about $15 for each $1 of yearly profit
- Price vs sales
- 1.3x
- Company value is 1.3 times a year of sales
- Cash vs value
- 9%
- Cash as a share of company value
- Debt vs value
- 4%
- Debt as a share of company value
From SMID's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26$23.4M-11% vs a year earlier
Mar '24Tap a barJun '26
Last 12 months: $89.5M. Over 5 years, sales grew about 16% a year.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.- PassReturn on equity 15%+Earns a lot on the money owners have in the business.26.0%
- PassDebt under half of equityNot relying on borrowed money.0.08x equity
- PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.13.4%
- PassProfitable every yearSteady profits, not one good year.10 of 10 years
- PassFree cash flow positiveBrings in more cash than it spends to run and grow.$5.0M
- PassShare count not growingNot diluting owners. Falling means buybacks.+1.0% in 3 years
- MissGross margin 40%+Pricing power: sells for well above what it costs to make.27.9%
- Revenue
- $93.4M
- +19.0% vs prior year
- 5-year growth
- +16.3%/yr
- revenue, per year
- Total debt
- $4.4M
- 0.08x equity
- Current ratio
- 3.40x
- short-term assets / bills due
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026- Revenue
- $23.4M
- EPS
- $0.26
- Op. margin
- 8.5%
- Gross margin
- 23.2%
- Free cash flow
- -$2.4M
- Share count
- 0.0%
- vs a year ago
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trendNo trades to chart yet.
Filing buzz
Last 7 days vs normal
0/ 100
- This week
- 0
- Normal week
- 0.9
- vs normal
- 0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-1.0%Institutions cut 1.0% from their holdings. 22 bought, 24 sold. 2 quarters of net selling in a row.
Shares held by institutions3.0M
Sep '24Jun '26
Share count growthYearly rate, last 3 years
+0.3%Cash runwayAt last year's cash burn
Cash flow positiveDebt to equityLatest balance sheet: debt compared with what owners have
0.1x · $3.5M debtShares outstandingLatest reported
5MWhy elevated risk- Late quarterly report notice
- Late annual report notice
Next reportAround Nov 13 (est.)Estimated from the same quarter last year
- Results filedAug 14
- Results filedJun 9
- Results filedApr 14
- Results filedMar 24
- Results filedNov 14, 2025
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.
Latest filings
Straight from SEC EDGAR
BoughtMatthew I SmithDirector
2,000 shares at $27.15 · $54K
- +20% of holdings
- Now owns 12,205 shares
- Filed 2 days after trade
BoughtAshley B SmithChief Executive Officer, Director
2,000 shares at $26.87 · $54K
- +1% of holdings
- Now owns 180,539 shares
- Filed 3 days after trade
BoughtAshley B SmithChief Executive Officer, Director
1,275 shares at $7.69 · $10K
- +1% of holdings
- Now owns 173,042 shares
- Filed 2828 days after trade
Stock awardAshley B SmithInsider
2,000 shares at $26.87 · $54K
- +1% of holdings
- Now owns 180,539 shares
- Filed NaN days after trade
Stock awardMatthew I SmithDirector
2,000 shares at $27.15 · $54K
- +20% of holdings
- Now owns 12,205 shares
- Filed 1 day after trade
BoughtAshley B SmithChief Executive Officer, Director
1,275 shares at $7.69 · $10K
- +1% of holdings
- Now owns 173,042 shares
- Filed 2826 days after trade