SMID
Smith-Midland Corporation
NasdaqCMUSDEQUITY
Basic Materials
DELAYED
Strong sell
-80/100
Last price
22.34
▲ 0.39 (1.78%)
MARKET · —
Price
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Tool
1D
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Range —
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vs
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Open
—
Prev close
21.95
Day high
22.67
Day low
21.98
Volume
11.85K
Market cap
$118.50M
P/E (TTM)
15.41
52W range
21.89 – 42.15
Trailing performance
Returnvs SPY
1W
-4.94%
-6.9%
1M
-14.18%
-15.3%
3M
-23.57%
-28.1%
6M
-18.76%
-36.9%
YTD
-38.53%
-52.8%
1Y
-38.18%
-54.6%
3Y
+17.52%
-64.7%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
10 more panels on SMID open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
741.42K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 2, 26 | SMITH MATTHEW I Director |
BUY | 2.00K | $54.30K | Direct |
| Sep 2, 26 | SMITH MATTHEW I Director |
STOCK | 2.00K | $54.30K | Direct |
| Sep 1, 26 | SMITH ASHLEY B Chief Executive Officer |
BUY | 2.00K | $53.74K | Direct |
| Sep 1, 26 | SMITH ASHLEY B Chief Executive Officer |
STOCK | 2.00K | $53.74K | Direct |
| Jan 5, 26 | HUNTER DOMINIC L. Chief Financial Officer |
STOCK | 408 | $0 | Direct |
| Dec 19, 25 | GERHARDT RICHARD Director |
STOCK | 414 | $0 | Direct |
| Dec 19, 25 | BRUNER JAMES RUSSELL Director |
STOCK | 414 | $0 | Direct |
| Dec 19, 25 | VAN DE WATER READ Director |
STOCK | 414 | $0 | Direct |
| Nov 24, 25 | GERHARDT RICHARD Director |
SELL | 666 | $22.15K | Direct |
| Aug 22, 25 | SMITH RODNEY I Beneficial Owner of more than 10% of a Class of Security |
SELL | 13.66K | $564.81K | Direct |
| Aug 20, 25 | BRUNER JAMES RUSSELL Director |
SELL | 6.00K | $234.36K | Direct |
| Dec 10, 24 | SMITH ASHLEY B Chief Executive Officer |
STOCK | 10.00K | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BRUNER JAMES RUSSELL |
Director | 7.01K | Stock Award(Grant) |
GERHARDT RICHARD |
Director | 7.21K | Stock Award(Grant) |
HUNTER DOMINIC L. |
Chief Financial Officer | 408 | Stock Award(Grant) |
SMITH ASHLEY B |
Chief Executive Officer | 180.54K | Purchase |
SMITH MATTHEW I |
Director | 12.21K | Purchase |
SMITH RODNEY I |
Beneficial Owner of more than 10% of a Class of Security | 534.50K | Sale |
VAN DE WATER READ |
Director | 414 | Stock Award(Grant) |
Fundamentals
Market cap$118.50M
Enterprise value$112.06M
Revenue (TTM)$89.50M
Gross profit$21.00M
EBITDA$14.37M
Net income$7.73M
EPS (TTM)$1.45
Free cash flow$-336.88K
Total cash$10.66M
Total debt$4.22M
Book value / share$10.75
Shares outstanding5.30M
Float2.74M
Short % of float6.22%
Dividend yield0.00%
Beta (5Y)1.67
Valuation & profitability ratios
Trailing P/E15.41
Forward P/E—
PEG ratio1.20
Price / sales—
Price / book2.08
EV / revenue1.25
EV / EBITDA7.80
Gross margin23.46%
Operating margin8.50%
Profit margin8.63%
Return on equity14.54%
Return on assets8.04%
Debt / equity7.39
Current ratio4.06
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $93.45M | $78.51M | $59.58M | $50.13M | +19.0% |
| Operating revenue | $93.45M | $78.51M | $59.58M | $50.13M | +19.0% |
| Cost of revenue | $67.41M | $58.50M | $48.93M | $40.66M | +15.2% |
| Gross profit | $26.04M | $20.01M | $10.65M | $9.47M | +30.1% |
| Selling, general & admin | $9.04M | $10.11M | $9.53M | $8.62M | -10.6% |
| Total operating expense | $9.04M | $10.11M | $9.53M | $8.62M | -10.6% |
| Operating income | $16.99M | $9.90M | $1.12M | $854.00K | +71.7% |
| Net interest income | -$59.00K | -$184.00K | -$231.00K | -$246.00K | +67.9% |
| Pre-tax income | $17.03M | $9.82M | $1.32M | $945.00K | +73.4% |
| Tax provision | $4.52M | $2.14M | $528.00K | $145.00K | +110.9% |
| Net income | $12.51M | $7.67M | $795.00K | $800.00K | +62.9% |
| Net income to common | $12.51M | $7.67M | $795.00K | $800.00K | +62.9% |
| Basic EPS | 2.36 | 1.45 | 0.15 | 0.15 | +62.8% |
| Diluted EPS | 2.36 | 1.45 | 0.15 | 0.15 | +62.8% |
| EBIT | $17.25M | $10.05M | $1.58M | $1.21M | +71.7% |
| EBITDA | $20.14M | $12.71M | $3.98M | $4.09M | +58.4% |
| Basic shares | 5.30M | 5.29M | 5.26M | 5.23M | +0.3% |
| Diluted shares | 5.30M | 5.29M | 5.29M | 5.25M | +0.3% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $11.88M | $7.55M | $9.18M | $6.73M | +57.4% |
| Cash & short-term investments | $11.88M | $7.55M | $9.18M | $6.73M | +57.4% |
| Accounts receivable | $28.40M | $20.75M | $17.73M | $17.21M | +36.9% |
| Inventory | $6.93M | $6.68M | $5.15M | $3.82M | +3.8% |
| Total current assets | $48.75M | $35.85M | $33.33M | $28.94M | +36.0% |
| Property, plant & equipment | $38.48M | $31.70M | $27.68M | $25.12M | +21.4% |
| Total assets | $87.73M | $67.99M | $61.35M | $54.31M | +29.0% |
| Total current liabilities | $14.33M | $15.01M | $16.02M | $11.22M | -4.5% |
| Current debt | $648.00K | $658.00K | $636.00K | $618.00K | -1.5% |
| Long-term debt | $3.80M | $4.44M | $5.09M | $5.73M | -14.4% |
| Total debt | $4.54M | $5.21M | $5.77M | $6.47M | -12.8% |
| Total liabilities | $33.42M | $26.25M | $27.19M | $21.26M | +27.3% |
| Retained earnings | $46.58M | $34.07M | $26.39M | $25.66M | +36.7% |
| Shareholder equity | $54.30M | $41.74M | $34.16M | $33.05M | +30.1% |
| Working capital | $34.41M | $20.84M | $17.31M | $17.72M | +65.1% |
| Net tangible assets | $54.30M | $41.74M | $34.16M | $33.05M | +30.1% |
| Shares issued | 5.35M | 5.35M | 5.35M | 5.35M | +0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Net income | $12.51M | $7.67M | $795.00K | $800.00K | — | +62.9% |
| Depreciation & amortisation | $2.89M | $2.66M | $2.40M | $2.88M | — | +8.4% |
| Stock-based compensation | $59.00K | $45.00K | $375.00K | $505.00K | — | +31.1% |
| Change in working capital | -$1.48M | -$4.25M | $4.96M | -$10.90M | — | +65.0% |
| Operating cash flow | $14.30M | $5.16M | $7.73M | -$6.33M | — | +177.3% |
| Capital expenditure | -$9.34M | -$6.20M | -$5.01M | -$2.75M | — | -50.5% |
| Investing cash flow | -$9.32M | -$6.15M | -$4.66M | -$2.63M | — | -51.5% |
| Dividends paid | — | — | — | — | $0 | — |
| Financing cash flow | -$647.00K | -$635.00K | -$619.00K | $2.20M | — | -1.9% |
| Free cash flow | $4.96M | -$1.04M | $2.72M | -$9.08M | — | +574.9% |
| End cash position | $11.88M | $7.55M | $9.18M | $6.73M | — | +57.4% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $23.36M | $21.57M | $23.11M | $21.45M | $26.19M | — | +8.3% |
| Operating revenue | $23.36M | $21.57M | $23.11M | $21.45M | $26.19M | — | +8.3% |
| Cost of revenue | $17.94M | $17.27M | $17.59M | $15.69M | $18.40M | — | +3.9% |
| Gross profit | $5.42M | $4.30M | $5.52M | $5.76M | $7.79M | — | +25.9% |
| Selling, general & admin | $3.43M | $2.58M | $2.28M | $1.91M | $2.27M | — | +33.4% |
| Total operating expense | $3.43M | $2.58M | $2.28M | $1.91M | $2.27M | — | +33.4% |
| Operating income | $1.99M | $1.73M | $3.23M | $3.85M | $5.52M | — | +14.9% |
| Net interest income | -$15.00K | $18.00K | $17.00K | $28.00K | -$56.00K | — | -183.3% |
| Pre-tax income | $1.81M | $1.76M | $3.33M | $3.87M | $5.48M | — | +3.1% |
| Tax provision | $434.00K | $422.00K | $1.20M | $994.00K | $1.31M | — | +2.8% |
| Net income | $1.38M | $1.34M | $2.13M | $2.88M | $4.17M | — | +3.1% |
| Net income to common | $1.38M | $1.34M | $2.13M | $2.88M | $4.17M | — | +3.1% |
| Basic EPS | 0.26 | 0.25 | — | 0.54 | 0.79 | 0.63 | +4.0% |
| Diluted EPS | 0.26 | 0.25 | — | 0.54 | 0.79 | 0.62 | +4.0% |
| EBIT | $1.88M | $1.81M | $3.39M | $3.92M | $5.54M | — | +4.0% |
| EBITDA | $2.92M | $2.76M | $4.36M | $4.53M | $6.17M | — | +5.7% |
| Basic shares | 5.31M | 5.31M | — | 5.30M | 5.30M | 5.30M | 0.0% |
| Diluted shares | 5.31M | 5.31M | — | 5.30M | 5.30M | 5.30M | 0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $10.66M | $13.22M | $11.88M | $13.38M | $7.10M | -19.3% |
| Cash & short-term investments | $10.66M | $13.22M | $11.88M | $13.38M | $7.10M | -19.3% |
| Accounts receivable | $24.57M | $29.89M | $28.40M | $26.86M | $31.55M | -17.8% |
| Inventory | $8.53M | $7.22M | $6.93M | $7.89M | $7.18M | +18.2% |
| Total current assets | $46.08M | $51.62M | $48.75M | $49.81M | $47.45M | -10.7% |
| Property, plant & equipment | $40.01M | $39.98M | $38.48M | $35.13M | $33.19M | +0.1% |
| Total assets | $86.69M | $92.19M | $87.73M | $85.44M | $81.18M | -6.0% |
| Total current liabilities | $11.35M | $16.58M | $14.33M | $18.03M | $16.48M | -31.5% |
| Current debt | $661.00K | $655.00K | $648.00K | $657.00K | $665.00K | +0.9% |
| Long-term debt | $3.48M | $3.63M | $3.80M | $3.93M | $4.10M | -4.2% |
| Total debt | $4.22M | $4.37M | $4.54M | $4.69M | $4.86M | -3.5% |
| Total liabilities | $29.65M | $36.54M | $33.42M | $33.31M | $31.93M | -18.8% |
| Retained earnings | $49.30M | $47.91M | $46.58M | $44.45M | $41.57M | +2.9% |
| Shareholder equity | $57.04M | $55.66M | $54.30M | $52.13M | $49.24M | +2.5% |
| Working capital | $34.73M | $35.04M | $34.41M | $31.78M | $30.96M | -0.9% |
| Net tangible assets | $57.04M | $55.66M | $54.30M | $52.13M | $49.24M | +2.5% |
| Shares issued | 5.31M | 5.35M | 5.35M | 5.35M | 5.35M | -0.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $1.38M | $1.34M | $2.13M | $2.88M | $4.17M | +3.1% |
| Depreciation & amortisation | $1.03M | $951.00K | $972.00K | $613.00K | $631.00K | +8.8% |
| Stock-based compensation | $0 | $15.00K | $46.00K | $3.00K | $6.00K | -100.0% |
| Change in working capital | -$3.12M | $713.00K | -$869.00K | $5.98M | -$4.73M | -538.1% |
| Operating cash flow | -$485.00K | $3.13M | $2.59M | $9.31M | $183.00K | -115.5% |
| Capital expenditure | -$1.93M | -$1.63M | -$3.96M | -$2.87M | -$1.92M | -18.1% |
| Investing cash flow | -$1.93M | -$1.63M | -$3.94M | -$2.87M | -$1.92M | -18.1% |
| Financing cash flow | -$145.00K | -$166.00K | -$143.00K | -$172.00K | -$168.00K | +12.7% |
| Free cash flow | -$2.41M | $1.50M | -$1.37M | $6.45M | -$1.74M | -260.7% |
| End cash position | $10.66M | $13.22M | $11.88M | $13.38M | $7.10M | -19.3% |
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | — | — | $0 | — |
| Next quarter | — | — | $0 | — |
| Current year | — | — | $0 | — |
| Next year | — | — | $0 | — |
Analyst targets & ownership
Mean target—
High target—
Low target—
Implied upside—
Analyst count—
ConsensusNONE
Strong buy / Buy— / —
Hold—
Sell / Strong sell— / —
Held by insiders13.98%
Held by institutions57.31%
Institutions holding86
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
23.21
-3.76% from price
SMA 20
23.82
-6.20% from price
SMA 50
25.91
-13.76% from price
SMA 100
27.97
-20.12% from price
SMA 200
30.91
-27.73% from price
EMA 12
23.19
-3.68% from price
EMA 26
24.22
-7.77% from price
EMA 50
25.57
-12.65% from price
RSI (14)
30.4
Neutral
MACD (12,26,9)
-1.03
Hist -0.10
ATR (14)
0.80
3.59% of price
Realised vol 30D
35.3%
Annualised
Bollinger upper
25.57
20, 2σ
Bollinger lower
22.06
20, 2σ
50 / 200 cross
Death
25.91 vs 30.91
Trend bias
Below 200
-27.73%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.97
Less volatile than market
Correlation to SPY
0.25
Largely independent
Realised vol 30D
35.3%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-45.2%
Peak to trough
Max drawdown 5Y
-72.4%
Peak to trough
ATR 14
0.80
3.59% of price
Beta (reported)
1.67
5Y monthly, from filing
Short interest
Shares short
202.89K
Prior 179.90K
Change vs prior
+12.8%
Shorts adding
% of float
6.22%
Normal
% of shares out
3.82%
Against total outstanding
Days to cover
14.1
Crowded exit
Float
2.74M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend dateDec 19, 2019
Next pay dateJan 3, 2020
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-08-25
Corporate Changes & Voting Matters
8-K · 2026-08-14
Corporate Changes & Voting Matters
8-K · 2026-07-23
Corporate Changes & Voting Matters
8-K · 2026-06-11
Periodic Financial Reports
10-Q · 2026-06-10
Corporate Changes & Voting Matters
8-K · 2026-06-09
Annual Report to Shareholders
ARS · 2026-06-04
Proxy Statements
DEF 14A · 2026-06-02
PRIVATE STRATEGY · BY QUALIFICATION
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