Is SMID a good stock to buy right now?

Based on our 6-factor quantitative model, SMITH MIDLAND CORP (SMID) receives a "Reduce" rating with a composite score of 42.4/100. It is ranked #3,281 out of 4,446 stocks. Key factor scores: Quality 50/100, Value 50/100, Momentum 36/100. The timing signal is "Bearish". This is quantitative analysis only — not investment advice.

What is the stock rating for SMID?

SMITH MIDLAND CORP (SMID) has a "Reduce" rating and 2-star score. The composite score of 42.4 ranks it #3,281 among 4,446 U.S. stocks. Ratings are updated weekly using academically-proven factor models.

What sector is SMID in?

SMITH MIDLAND CORP operates in the Materials sector (Construction Materials industry) with a market cap of $154 million. It is classified as a micro-cap stock.

Does SMID pay a dividend?

SMID does not currently pay a regular dividend. The company may be reinvesting profits for growth.

What is SMID's P/E ratio?

SMID has a trailing P/E ratio of 10.79x. The Materials sector average is 26.5x. This below-average P/E may indicate the stock is undervalued.

How profitable is SMID?

SMID's quality factor score is 50/100. Gross margin: 21.4%. ROE: 25.9% vs sector average 3.3%. Margins are moderate to low, reflecting competitive market dynamics.

How is SMID valued compared to peers?

SMID's value factor score is 50/100 (higher = cheaper). Key multiples: P/E 10.8x, EV/EBITDA 10.8x. Valuation is roughly in line with peers.

What is SMID's debt level?

SMID's debt-to-equity ratio is 64%. Sector average: 41%. Moderate leverage is normal for established companies.

SMID has a beta of 1.59, meaning it amplifies market moves. Stability score: 34/100.

Does SMID have high short interest?

SMID's short interest factor score is 46/100 (higher = less short selling). Elevated short interest may indicate bearish sentiment or short squeeze potential.

SMID Stock Analysis: Top Micro-Cap Reduce (Score 42.4/100) | Blank Capital Research

Data Series	1D	5D	1M	YTD	1Y	3Y	5Y	10Y
SMID	+2.82%	+4.84%	-13.02%	-17.80%	+1.84%	-	-	-
Industry Proxy XLB	+0.56%	+3.07%	+4.17%	+14.58%	-33.54%	-	-	-
U.S. Market SPY	-0.07%	+3.60%	+0.34%	-0.36%	+29.52%	-	-	-
Alpha vs Market	+2.89%	+1.24%	-13.35%	-17.44%	-27.68%	-	-	-
Alpha vs Sector	+2.26%	+1.77%	-17.19%	-32.38%	+35.38%	-	-	-

Metric	SMID	Benchmark
P/E Ratio	10.8x	-59%
EV/EBITDA	10.8x	+80%
Price / Book	2.8x

Stock Entity	Score▼	Quality	Value	Momentum	P/E Ratio	ROE	Gross Margin	Net Margin	Rev Growth	D/E Ratio	Market Cap	Compare
CF CF Industries Holdings, Inc.	57	50	72	66	11.8x	21.1%	36.2%	24.9%	5.5%	41.0x	$19.7B	VS
NTR Nutrien Ltd.	57	37	70	64	54.2x	11.5%	29.0%	2.7%	-	52.0x	$35.9B	VS
UAN CVR PARTNERS, LP	56	50	71	67	12.0x	42.4%	28.5%	17.8%	23.1%	265.0x	$1.3B	VS
LXU LSB INDUSTRIES, INC.	54	50	54	73	41.2x	-3.3%	8.6%	-4.5%	11.0%	85.0x	$1.1B	VS
AA Alcoa Corp	54	50	61	71	18.7x	16.6%	10.0%	8.0%	3.1%	40.0x	$19.0B	VS
MEOH METHANEX CORP	53	34	76	72	24.6x	47.8%	19.1%	6.7%	-	149.0x	$4.6B	VS
NGVT Ingevity Corp	53	50	68	66	53.4x	-638.7%	38.1%	-12.1%	-14.7%	5,459.0x	$2.5B	VS
SEE SEALED AIR CORP/DE	52	50	67	59	11.2x	44.7%	30.2%	10.4%	0.5%	318.0x	$6.2B	VS
ACU ACME UNITED CORP	51	50	71	51	16.4x	9.0%	39.4%	5.2%	-11.5%	45.0x	$171M	VS
APD Air Products & Chemicals, Inc.	51	50	49	50	179.2x	2.4%	31.6%	2.2%	3.9%	114.0x	$64.4B	VS
SMID SMITH MIDLAND CORP	42	50	50	36	10.8x	26.0%	21.4%	14.3%	9.2%	64.0x	$154M

Key Ratio	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Gross Margin %	0.2%	0.3%	0.3%	0.2%	0.2%	0.3%	0.2%	0.2%	0.3%	0.3%	0.3%
Operating Margin %	0.1%	0.2%	0.1%	0.0%	0.0%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%
EBITDA Margin %	0.1%	0.2%	0.2%	0.1%	0.1%	0.2%	0.1%	0.1%	0.1%	0.1%	0.1%
Net Margin %	0.1%	0.1%	0.1%	0.0%	0.0%	0.1%	0.1%	0.0%	0.0%	0.1%	0.1%
FCF Margin %	-4.1%	-	-	-	-	-	11.1%	-1.2%	8.1%	0.4%	0.6%
ROE %	0.3%	0.1%	0.2%	0.0%	0.0%	0.2%	0.1%	0.1%	0.1%	0.2%	0.2%
ROA %	0.2%	0.0%	0.1%	0.0%	0.0%	0.1%	0.1%	0.0%	0.0%	0.1%	0.1%
ROIC %	22.0%	5.8%	18.7%	2.6%	2.0%	15.3%	10.8%	6.8%	6.4%	16.9%	23.4%

Key Ratio

TTM

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

Gross Margin %

0.2%

0.3%

0.2%

0.3%

0.2%

0.3%

Operating Margin %

0.1%

0.2%

0.1%

0.0%

0.1%

EBITDA Margin %

0.1%

0.2%

0.1%

0.2%

0.1%

Net Margin %

0.1%

0.0%

0.1%

0.0%

0.1%

FCF Margin %

-4.1%

11.1%

-1.2%

8.1%

0.4%

0.6%

ROE %

0.3%

0.1%

0.2%

0.0%

0.2%

0.1%

0.2%

ROA %

0.2%

0.0%

0.1%

0.0%

0.1%

0.0%

0.1%

ROIC %

22.0%

5.8%

18.7%

2.6%

2.0%

15.3%

10.8%

6.8%

6.4%

16.9%

23.4%

Line Item	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
	$94M	$79M	$60M	$50M	$51M	$44M	$47M	$40M	$42M	$40M	$29M
	—	$58M	$49M	$41M	$36M	—	—	—	—	—	—
	$19M	$20M	$11M	$9M	$14M	$11M	$10M	$10M	$11M	$10M	$7M
Gross Margin	21.4%	25.5%	17.9%	18.9%	28.5%	21.1%	21.3%	26.1%	27.5%	25.8%	24.3%
	—	$3M	$2M	$3M	$3M	$2M	$2M	$1M	$926K	$821K	$668K
Total Operating Expenses	—	$10M	$10M	$9M	$8M	—	—	—	—	—	—
	$12M	$10M	$1M	$854K	$6M	$4M	$3M	$2M	$4M	$4M	$2M
EBIT	$12M	$10M	$1M	$854K	$6M	$4M	$3M	$2M	$4M	$4M	$2M
EBITDA	$13M	$13M	$3M	$4M	$9M	$6M	$4M	$4M	$5M	$5M	$2M
Operating Margin	13.4%	12.6%	1.9%	1.7%	12.2%	7.2%	5.5%	5.5%	8.9%	10.8%	5.4%
EBITDA Margin	14.3%	16.0%	5.9%	7.5%	17.5%	14.6%	9.5%	9.1%	11.5%	13.1%	8.0%
	—	$231K	$255K	$260K	$190K	$217K	$179K	$176K	$184K	$162K	$103K
	—	$10M	$1M	$945K	$9M	—	—	—	—	—	—
Income Tax Expense	—	$2M	$528K	$145K	$2M	$1M	$549K	$572K	$1M	$1M	$557K
	$14M	$8M	$795K	$800K	$8M	$3M	$2M	$2M	$3M	$3M	$1M
Net Margin	14.3%	9.8%	1.3%	1.6%	14.9%	5.1%	4.2%	4.2%	6.4%	7.1%	3.6%
	$0.54	$1.45	$0.15	$0.15	$1.45	$0.51	$0.38	$0.33	$0.53	$0.57	$0.21
Diluted EPS	$0.54	$1.45	$0.15	$0.15	$1.45	$0.51	$0.38	$0.33	$0.53	$0.57	$0.21
Weighted Avg Basic	—	5M	5M	5K	5M	—	—	—	—	—	—
Weighted Avg Diluted	—	5M	5M	5K	5M	—	—	—	—	—	—

Line Item

TTM

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

$94M

$79M

$60M

$50M

$51M

$44M

$47M

$40M

$42M

$40M

$29M

—

$58M

$49M

$41M

$36M

—

$19M

$20M

$11M

$9M

$14M

$11M

$10M

$11M

$10M

$7M

Gross Margin

21.4%

25.5%

17.9%

18.9%

28.5%

21.1%

21.3%

26.1%

27.5%

25.8%

24.3%

—

$3M

$2M

$3M

$2M

$1M

$926K

$821K

$668K

Total Operating Expenses

—

$10M

$9M

$8M

—

$12M

$10M

$1M

$854K

$6M

$4M

$3M

$2M

$4M

$2M

EBIT

$12M

$10M

$1M

$854K

$6M

$4M

$3M

$2M

$4M

$2M

EBITDA

$13M

$3M

$4M

$9M

$6M

$4M

$5M

$2M

Operating Margin

13.4%

12.6%

1.9%

1.7%

12.2%

7.2%

5.5%

8.9%

10.8%

5.4%

EBITDA Margin

14.3%

16.0%

5.9%

7.5%

17.5%

14.6%

9.5%

9.1%

11.5%

13.1%

8.0%

—

$231K

$255K

$260K

$190K

$217K

$179K

$176K

$184K

$162K

$103K

—

$10M

$1M

$945K

$9M

—

Income Tax Expense

—

$2M

$528K

$145K

$2M

$1M

$549K

$572K

$1M

$557K

$14M

$8M

$795K

$800K

$8M

$3M

$2M

$3M

$1M

Net Margin

14.3%

9.8%

1.3%

1.6%

14.9%

5.1%

4.2%

6.4%

7.1%

3.6%

$0.54

$1.45

$0.15

$1.45

$0.51

$0.38

$0.33

$0.53

$0.57

$0.21

Diluted EPS

$0.54

$1.45

$0.15

$1.45

$0.51

$0.38

$0.33

$0.53

$0.57

$0.21

Weighted Avg Basic

—

Weighted Avg Diluted

—

SMITH MIDLAND CORP (SMID) Stock Analysis — April 2026 Rating, Price, and Forecast

Last updated: April 2026

Company Overview — What Does SMITH MIDLAND CORP Do?

Smith-Midland Corporation, through its subsidiaries, invents, develops, manufactures, markets, leases, licenses, sells, and installs precast concrete products primarily for use in the construction, highway, utilities, and farming industries. It offers SlenderWall, a patented, lightweight, energy efficient concrete and steel exterior wall panel for use in building construction; Sierra Wall that provides sound and sight barrier for use alongside highways around residential, industrial, and commercial properties; J-J Hooks highway safety barriers for use on roadways to separate lanes of traffic in construction work zone or traffic control purposes; and Easi-Set precast building and Easi-Span expandable precast buildings for use in housing communications operations, traffic control systems, and mechanical and electrical stations. The company also provides Easi-Set utility vaults for house equipment, such as cable, telephone, or traffic signal equipment, and for underground storage, as well as custom-built utility vaults for special needs; SoftSound soundwall panels to absorb highway noise; Beach Prisms, an erosion control module for seawalls and jetties; and H2Out secondary drainage systems for panelized exterior cladding. In addition, it licenses its proprietary products in Canada, Australia, Belgium, Mexico, New Zealand, and Trinidad. The company markets its products through in-house sales force and independent sales representatives to contractors performing public and private construction contracts, such as construction of commercial buildings, public and private roads and highways, airports, and municipal utilities; and federal, state, and local transportation authorities. Smith-Midland Corporation was incorporated in 1960 and is based in Midland, Virginia. SMITH MIDLAND CORP (SMID) is classified as a micro-cap stock in the Materials sector, specifically within the Construction Materials industry. The company is led by CEO Ashley B. Smith and employs approximately 200 people. With a market capitalization of $154M, SMID is one of the notable companies in the Materials sector.

SMITH MIDLAND CORP (SMID) Stock Rating — Reduce (April 2026)

As of April 2026, SMITH MIDLAND CORP receives a Reduce rating with a composite score of 42.4/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.SMID ranks #3,281 out of 4,446 stocks in our coverage universe. Within the Materials sector, SMITH MIDLAND CORP ranks #234 of 284 stocks, placing it in the lower half of its Materials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

SMID Stock Price and 52-Week Range

SMITH MIDLAND CORP (SMID) currently trades at $29.87. The stock gained $0.82 (2.8%) in the most recent trading session. The 52-week high for SMID is $43.66, which means the stock is currently trading -31.6% from its annual peak. The 52-week low is $25.13, putting the stock 18.9% above its annual trough. Recent trading volume was 7K shares, suggesting relatively thin trading activity.

Is SMID Overvalued or Undervalued? — Valuation Analysis

SMITH MIDLAND CORP (SMID) carries a value factor score of 50/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 10.79x, compared to the Materials sector average of 26.50x — a discount of 59%. The price-to-book ratio stands at 2.80x, versus the sector average of 2.83x. The price-to-sales ratio is 1.55x, compared to 0.74x for the average Materials stock. On an enterprise value basis, SMID trades at 10.83x EV/EBITDA, versus 6.01x for the sector.

Overall, SMID's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.

SMITH MIDLAND CORP Profitability — ROE, Margins, and Quality Score

SMITH MIDLAND CORP (SMID) earns a quality factor score of 50/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 25.9%, compared to the Materials sector average of 3.3%, which demonstrates strong shareholder value creation. Return on assets (ROA) comes in at 15.8% versus the sector average of 0.6%.

On a margin basis, SMITH MIDLAND CORP reports gross margins of 21.4%, compared to 29.8% for the sector. The operating margin is 13.4% (sector: 6.0%). Net profit margin stands at 14.3%, versus 3.0% for the average Materials stock. Revenue growth is running at 9.2% on a trailing basis, compared to 1.8% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.

SMID Debt, Balance Sheet, and Financial Health

SMITH MIDLAND CORP has a debt-to-equity ratio of 64.0%, compared to the Materials sector average of 41.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. The current ratio is 2.76x, indicating strong short-term liquidity. Total debt on the balance sheet is $5M. Cash and equivalents stand at $13M.

SMID has a beta of 1.59, meaning it is more volatile than the broader market — a $10,000 investment in SMID would be expected to move 59.0% more than the S&P 500 on any given day. The stability factor score for SMITH MIDLAND CORP is 34/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

SMITH MIDLAND CORP Revenue and Earnings History — Quarterly Trend

In TTM 2026, SMITH MIDLAND CORP reported revenue of $94M and earnings per share (EPS) of $0.54. Net income for the quarter was $14M. Gross margin was 21.4%. Operating income came in at $12M.

In Q3 2025, SMITH MIDLAND CORP reported revenue of $21M and earnings per share (EPS) of $0.54. Net income for the quarter was $3M. Gross margin was 26.9%. Revenue grew -9.0% year-over-year compared to Q3 2024. Operating income came in at $4M.

In Q2 2025, SMITH MIDLAND CORP reported revenue of $26M and earnings per share (EPS) of $0.79. Net income for the quarter was $4M. Gross margin was 0.0%. Revenue grew 33.3% year-over-year compared to Q2 2024. Operating income came in at $5,518.

In Q1 2025, SMITH MIDLAND CORP reported revenue of $23M and earnings per share (EPS) of $0.63. Net income for the quarter was $3M. Gross margin was 30.7%. Revenue grew 35.5% year-over-year compared to Q1 2024. Operating income came in at $4M.

Over the past 8 quarters, SMITH MIDLAND CORP has demonstrated a growth trajectory, with revenue expanding from $17M to $94M. Investors analyzing SMID stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

SMID Dividend Yield and Income Analysis

SMITH MIDLAND CORP (SMID) does not currently pay a dividend. This is common among smaller companies in the Construction Materials industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Materials dividend stocks may want to explore other Materials stocks or use the stock screener to filter by dividend yield.

SMID Momentum and Technical Analysis Profile

SMITH MIDLAND CORP (SMID) has a momentum factor score of 36/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 29/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 46/100 reflects moderate short selling activity.

SMID vs Competitors — Materials Sector Ranking and Peer Comparison

Within the Materials sector, SMITH MIDLAND CORP (SMID) ranks #234 out of 284 stocks based on the Blank Capital composite score. This places SMID in the lower half of all Materials stocks in our coverage universe. Key competitors and sector peers include CF Industries Holdings, Inc. (CF) with a score of 56.6/100, Nutrien Ltd. (NTR) with a score of 56.6/100, CVR PARTNERS, LP (UAN) with a score of 55.6/100, LSB INDUSTRIES, INC. (LXU) with a score of 53.6/100, and ACME UNITED CORP (ACU) with a score of 51.2/100.

Comparing SMID against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full SMID vs S&P 500 (SPY) comparison to assess how SMITH MIDLAND CORP stacks up against the broader market across all factor dimensions.

SMID Next Earnings Date

No upcoming earnings date has been announced for SMITH MIDLAND CORP (SMID) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy SMID? — Investment Thesis Summary

The quantitative profile for SMITH MIDLAND CORP suggests caution. Momentum is weak at 36/100, a headwind for near-term performance. High volatility (stability score 34/100) increases portfolio risk.

In summary, SMITH MIDLAND CORP (SMID) earns a Reduce rating with a composite score of 42.4/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on SMID stock.

Related Resources for SMID Investors

Explore more research and tools: SMID vs S&P 500 comparison, top Materials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare SMID head-to-head with peers: SMID vs CF, SMID vs NTR, SMID vs UAN.

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SMITH MIDLAND CORP (SMID) Stock Analysis — April 2026 Rating, Price, and Forecast

Company Overview — What Does SMITH MIDLAND CORP Do?

SMITH MIDLAND CORP (SMID) Stock Rating — Reduce (April 2026)

SMID Stock Price and 52-Week Range

Is SMID Overvalued or Undervalued? — Valuation Analysis

SMITH MIDLAND CORP Profitability — ROE, Margins, and Quality Score

SMID Debt, Balance Sheet, and Financial Health

SMITH MIDLAND CORP Revenue and Earnings History — Quarterly Trend

SMID Dividend Yield and Income Analysis

SMID Momentum and Technical Analysis Profile

SMID vs Competitors — Materials Sector Ranking and Peer Comparison

SMID Next Earnings Date

Should You Buy SMID? — Investment Thesis Summary

Related Resources for SMID Investors

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Smith-Midland's SoftSound(R) Selected for North Carolina Complete 540 Project

Smith-Midland Producing $1.6M in SlenderWall(R) for Washington D.C. Project

Smith-Midland Announces Delayed Filing of 2025 Form 10-K

Smith-Midland Posts Preliminary 2025 Results, Secures Key Project

An Unexpected Rally Has This Tiny Stock Turning Heads