Revenue Breakdown
Composition ()
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Revenue Streams
Smith-Midland Corp (SMID) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is Barrier Rentals, accounting for 22.1% of total sales, equivalent to $5.78M. Other significant revenue streams include Shipping and Installation Revenue and Soundwall Sales. Understanding this composition is critical for investors evaluating how SMID navigates market cycles within the Construction Materials industry.
Profitability & Margins
Evaluating the bottom line, Smith-Midland Corp maintains a gross margin of 26.85%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at 17.97%, while the net margin is 13.41%. These profitability ratios, combined with a Return on Equity (ROE) of 25.46%, provide a clear picture of how effectively SMID converts its operational activities into shareholder value.
Comparative Benchmarking
In the context of the broader market, SMID competes directly with industry leaders such as SND and NWPX. With a market capitalization of $195.53M, it holds a significant position in the sector. When comparing efficiency, SMID's gross margin of 26.85% stands against SND's 15.46% and NWPX's 21.28%. Such benchmarking helps identify whether Smith-Midland Corp is trading at a premium or discount relative to its financial performance.
