Smith-Midland (SMID) AI Stock Analysis

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Smith-Midland

(NASDAQ:SMID)

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Rating:67Neutral

Price Target:$22.50▲(7.86% Upside)

Action:reiterated

Date:08/17/26

The score is driven primarily by solid underlying financial stability and prior profitability gains, supported by low leverage, but tempered by the recent TTM slowdown (margin compression and weaker free-cash-flow conversion). Technicals are a notable drag given the stock’s position below key moving averages and negative MACD, while valuation is moderate and corporate events are mildly supportive but not transformative.

Positive Factors

Low leverage and growing equityThe very low debt burden reduces financial risk and preserves flexibility for investment, working-capital needs, or downturn resilience. Continued equity growth has also expanded the company’s capital cushion, supporting stability as operating results move through construction-market cycles.

Negative Factors

Recent revenue and margin deteriorationThe latest TTM step-down interrupts the prior growth and profitability trajectory, indicating that recent demand, project mix, or cost conditions have reduced earnings power. If sustained, lower margins could limit reinvestment capacity and weaken the benefits of the company’s earlier expansion.

Smith-Midland (SMID) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $110.65M
Dividend Yield: ―
Average Volume (3M): 14.70K
Price to Earnings (P/E): 14.4
Beta (1Y): 1.39
Revenue Growth: -1.65%
EPS Growth: -35.86%
Country: US
Employees: 184
Sector: Basic Materials
Sector Strength: 61
Industry: Construction Materials

Smith-Midland Business Overview & Revenue Model

Company Description

Smith-Midland Corporation, operating through its subsidiaries, specializes in the comprehensive provision of precast concrete solutions. This involves the invention, development, manufacturing, marketing, leasing, licensing, selling, and installation...

How the Company Makes Money

Smith-Midland makes money mainly by manufacturing and selling precast concrete products and by providing associated services tied to those products. Revenue is generated from (1) product sales—engineering, producing, and delivering precast concrete c...

Smith-Midland Financial Statement Overview

Summary

Multi-year improvement is strong (2022–2025 revenue growth and sharp margin expansion), supported by a very low-leverage balance sheet (debt-to-equity ~0.07 TTM). Offsetting this, the latest TTM shows deceleration with lower revenue and meaningfully compressed margins versus 2025, and free-cash-flow conversion is modest despite solid operating cash flow.

Income Statement

72Positive

Balance Sheet

86Very Positive

Cash Flow

63Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	89.50M	93.45M	78.51M	59.58M	50.13M	50.64M
Gross Profit	21.00M	26.04M	20.01M	10.65M	9.47M	14.42M
EBITDA	14.44M	20.14M	12.71M	3.98M	4.09M	11.96M
Net Income	7.73M	12.51M	7.67M	795.00K	800.00K	7.57M
Balance Sheet
Total Assets	86.69M	87.73M	67.99M	61.35M	54.31M	53.27M
Cash, Cash Equivalents and Short-Term Investments	10.66M	11.88M	7.55M	9.18M	6.73M	13.49M
Total Debt	4.22M	4.54M	5.21M	5.77M	6.47M	4.35M
Total Liabilities	29.65M	33.42M	26.25M	27.19M	21.26M	21.52M
Stockholders Equity	57.04M	54.30M	41.74M	34.16M	33.05M	31.75M
Cash Flow
Free Cash Flow	4.17M	4.96M	-1.04M	2.72M	-9.08M	3.76M
Operating Cash Flow	14.55M	14.30M	5.16M	7.73M	-6.33M	9.13M
Investing Cash Flow	-10.36M	-9.32M	-6.15M	-4.66M	-2.63M	-3.65M
Financing Cash Flow	-626.00K	-647.00K	-635.00K	-619.00K	2.20M	-744.00K

Smith-Midland Technical Analysis

Technical Analysis SentimentNegative

Last Price20.86

Price Trends

50DMA23.36Negative

100DMA25.95Negative

200DMA29.20Negative

Market Momentum

MACD0.09Negative

RSI37.61Neutral

STOCH50.24Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SMID, the sentiment is Negative. The current price of 20.86 is below the 20-day moving average (MA) of 22.70, below the 50-day MA of 23.36, and below the 200-day MA of 29.20, indicating a bearish trend. The MACD of 0.09 indicates Negative momentum. The RSI at 37.61 is Neutral, neither overbought nor oversold. The STOCH value of 50.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SMID.

Smith-Midland Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

SMID against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
USLM	79Outperform	$3.40B	24.93	19.65%	0.21%	4.45%	2.10%
MLM	75Outperform	$37.57B	13.85	18.24%	0.64%	8.58%	98.89%
CPAC	74Outperform	$1.17B	14.39	19.61%	4.72%	20.97%	27.03%
EXP	69Neutral	$5.71B	15.21	25.16%	0.54%	1.61%	-11.27%
SMID	67Neutral	$114.10M	14.39	14.11%	―	-1.65%	-35.86%
Sector *	61Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
LOMA	61Neutral	$1.11B	24.47	5.64%	―	3.41%	32.51%

* Basic Materials Sector Average

Performance Comparison

SMID and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SMID	Smith-Midland Corporation	20.86	-17.29	-45.32%
CPAC	Cementos Pacasmayo S.a.a.	12.89	6.23	93.54%
EXP	Eagle Materials	184.24	-17.67	-8.75%
MLM	Martin Marietta Materials	524.13	-74.63	-12.46%
USLM	United States Lime & Minerals	116.43	-1.99	-1.68%
LOMA	Loma Negra Compania Industrial Argentina Sociedad Anonima	8.84	-2.62	-22.86%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 17, 2026

Smith-Midland AI Stock Analysis