Smith Historical Income Statement

SMID Stock

USD 49.10 0.70 1.45%

Historical analysis of Smith Midland income statement accounts such as Gross Profit of 7.3 M, Other Operating Expenses of 30.1 M, Operating Income of 1.5 M or Ebit of 1.6 M can show how well Smith Midland Corp performed in making a profits. Evaluating Smith Midland income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Smith Midland's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Smith Midland Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Smith Midland Corp is a good buy for the upcoming year.

Net Income Gross Profit

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Smith Midland Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

About Smith Income Statement Analysis

Smith Midland Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Smith Midland shareholders. The income statement also shows Smith investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Smith Midland Income Statement Chart

At present, Smith Midland's Operating Income is projected to increase significantly based on the last few years of reporting. The current year's EBIT is expected to grow to about 1.6 M, whereas Selling General Administrative is forecasted to decline to about 4.2 M.

Selling General Administrative Total Revenue Gross Profit Other Operating Expenses Ebitda Reconciled Depreciation

Total Revenue

Total revenue comprises all receipts Smith Midland Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Smith Midland Corp minus its cost of goods sold. It is profit before Smith Midland operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Smith Midland Corp. It is also known as Smith Midland overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most accounts from Smith Midland's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Smith Midland Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Smith Midland Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

	2021	2022	2023	2024 (projected)
Gross Profit	14.4M	9.5M	10.7M	7.3M
Total Revenue	50.6M	50.1M	59.6M	31.5M

Gross Profit Total Revenue

Smith Midland income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling And Marketing Expenses	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.07	0.79	0.81	0.69	0.81	0.4	0.42	0.67	0.89	0.78	0.43	0.34	0.46	0.17	0.75	0.38	0.52	0.69	-0.67	-0.79	-0.62	0.95
Interest Expense	0.07		0.09	0.05	-0.02	0.05	0.0	0.09	0.1	0.06	-0.06	0.05	0.08	0.02	0.33	-0.3	0.02	-0.16	0.23	-0.29	-0.34	-0.35	0.34
Selling General Administrative	0.79	0.09		0.93	0.88	0.92	0.54	0.57	0.75	0.78	0.97	0.52	0.26	0.52	0.33	0.78	0.44	0.64	0.54	-0.66	-0.57	-0.37	0.7
Total Revenue	0.81	0.05	0.93		0.88	0.99	0.56	0.58	0.79	0.79	0.95	0.54	0.28	0.54	0.33	0.84	0.48	0.56	0.45	-0.57	-0.55	-0.43	0.73
Gross Profit	0.69	-0.02	0.88	0.88		0.81	0.86	0.87	0.95	0.63	0.85	0.83	0.49	0.82	0.64	0.63	0.77	0.55	0.34	-0.31	-0.31	-0.13	0.58
Other Operating Expenses	0.81	0.05	0.92	0.99	0.81		0.44	0.47	0.7	0.8	0.96	0.42	0.21	0.43	0.21	0.88	0.36	0.54	0.47	-0.63	-0.59	-0.5	0.74
Operating Income	0.4	0.0	0.54	0.56	0.86	0.44		0.99	0.93	0.34	0.46	0.97	0.6	0.94	0.89	0.2	0.91	0.35	0.09	0.07	0.0	0.17	0.33
Ebit	0.42	0.09	0.57	0.58	0.87	0.47	0.99		0.94	0.36	0.47	0.97	0.6	0.94	0.91	0.2	0.91	0.34	0.13	0.02	-0.05	0.11	0.37
Ebitda	0.67	0.1	0.75	0.79	0.95	0.7	0.93	0.94		0.55	0.69	0.92	0.6	0.91	0.77	0.45	0.87	0.45	0.29	-0.17	-0.27	-0.11	0.62
Cost Of Revenue	0.89	0.06	0.78	0.79	0.63	0.8	0.34	0.36	0.55		0.75	0.32	0.15	0.32	0.19	0.76	0.21	0.52	0.66	-0.83	-0.85	-0.62	0.8
Total Operating Expenses	0.78	-0.06	0.97	0.95	0.85	0.96	0.46	0.47	0.69	0.75		0.44	0.24	0.46	0.18	0.9	0.39	0.6	0.51	-0.6	-0.52	-0.39	0.67
Income Before Tax	0.43	0.05	0.52	0.54	0.83	0.42	0.97	0.97	0.92	0.32	0.44		0.77	0.99	0.85	0.21	0.98	0.32	0.19	0.11	-0.02	0.13	0.4
Total Other Income Expense Net	0.34	0.08	0.26	0.28	0.49	0.21	0.6	0.6	0.6	0.15	0.24	0.77		0.83	0.48	0.17	0.83	0.16	0.39	0.21	-0.01	0.02	0.4
Net Income	0.46	0.02	0.52	0.54	0.82	0.43	0.94	0.94	0.91	0.32	0.46	0.99	0.83		0.78	0.25	0.99	0.33	0.22	0.11	-0.02	0.12	0.42
Income Tax Expense	0.17	0.33	0.33	0.33	0.64	0.21	0.89	0.91	0.77	0.19	0.18	0.85	0.48	0.78		-0.12	0.76	0.14	0.04	0.11	0.0	0.15	0.21
Selling And Marketing Expenses	0.75	-0.3	0.78	0.84	0.63	0.88	0.2	0.2	0.45	0.76	0.9	0.21	0.17	0.25	-0.12		0.18	0.46	0.55	-0.58	-0.56	-0.5	0.61
Net Income From Continuing Ops	0.38	0.02	0.44	0.48	0.77	0.36	0.91	0.91	0.87	0.21	0.39	0.98	0.83	0.99	0.76	0.18		0.22	0.15	0.21	0.08	0.18	0.35
Non Recurring	0.52	-0.16	0.64	0.56	0.55	0.54	0.35	0.34	0.45	0.52	0.6	0.32	0.16	0.33	0.14	0.46	0.22		0.29	-0.37	-0.32	-0.18	0.4
Non Operating Income Net Other	0.69	0.23	0.54	0.45	0.34	0.47	0.09	0.13	0.29	0.66	0.51	0.19	0.39	0.22	0.04	0.55	0.15	0.29		-0.59	-0.81	-0.7	0.73
Tax Provision	-0.67	-0.29	-0.66	-0.57	-0.31	-0.63	0.07	0.02	-0.17	-0.83	-0.6	0.11	0.21	0.11	0.11	-0.58	0.21	-0.37	-0.59		0.84	0.66	-0.65
Net Interest Income	-0.79	-0.34	-0.57	-0.55	-0.31	-0.59	0.0	-0.05	-0.27	-0.85	-0.52	-0.02	-0.01	-0.02	0.0	-0.56	0.08	-0.32	-0.81	0.84		0.88	-0.82
Interest Income	-0.62	-0.35	-0.37	-0.43	-0.13	-0.5	0.17	0.11	-0.11	-0.62	-0.39	0.13	0.02	0.12	0.15	-0.5	0.18	-0.18	-0.7	0.66	0.88		-0.7
Reconciled Depreciation	0.95	0.34	0.7	0.73	0.58	0.74	0.33	0.37	0.62	0.8	0.67	0.4	0.4	0.42	0.21	0.61	0.35	0.4	0.73	-0.65	-0.82	-0.7

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Smith Midland Account Relationship Matchups

Smith Midland income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	1.9M	2.4M	2.7M	2.9M	2.4M	2.5M
Interest Expense	179K	217K	190K	260K	255K	188.0K
Selling General Administrative	4.9M	5.0M	5.4M	5.6M	6.0M	4.2M
Total Revenue	46.7M	43.9M	50.6M	50.1M	59.6M	31.5M
Gross Profit	10.0M	11.0M	14.4M	9.5M	10.7M	7.3M
Other Operating Expenses	44.1M	40.1M	44.5M	49.3M	58.5M	30.1M
Operating Income	2.5M	3.8M	6.2M	854K	1.1M	1.5M
Ebit	2.5M	3.8M	6.2M	1.2M	1.6M	1.6M
Ebitda	4.4M	6.2M	8.8M	4.1M	4.0M	2.5M
Cost Of Revenue	36.7M	32.8M	36.2M	40.7M	48.9M	51.4M
Total Operating Expenses	7.4M	7.3M	8.3M	8.6M	9.5M	5.8M
Income Before Tax	2.5M	3.8M	9.1M	945K	1.3M	1.5M
Total Other Income Expense Net	(38K)	33K	2.9M	91K	205K	191.5K
Net Income	1.9M	2.7M	7.6M	800K	795K	1.0M
Income Tax Expense	549K	1.1M	1.5M	145K	528K	609.2K
Selling And Marketing Expenses	2.5M	2.3M	2.8M	3.1M	3.5M	2.4M
Net Income Applicable To Common Shares	2.0M	2.7M	7.6M	800K	920K	1.8M
Net Income From Continuing Ops	2.0M	2.7M	7.6M	800K	569K	540.6K
Non Operating Income Net Other	43K	(38K)	33K	91K	104.7K	109.9K
Tax Provision	549K	1.1M	1.5M	145K	49K	46.6K
Net Interest Income	(139K)	(182K)	(155K)	(246K)	(243K)	(255.2K)
Interest Income	42K	40K	35K	14K	22K	26.2K
Reconciled Depreciation	1.8M	2.4M	2.7M	2.9M	2.5M	2.3M

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When determining whether Smith Midland Corp is a strong investment it is important to analyze Smith Midland's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Smith Midland's future performance. For an informed investment choice regarding Smith Stock, refer to the following important reports:

How To Invest In Smith

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Is Smith Stock a good investment?

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What is Smith Midland's Net Worth?

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Is Construction Materials space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Smith Midland. If investors know Smith will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Smith Midland listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

12.798

Earnings Share

1.22

Revenue Per Share

12.943

Quarterly Revenue Growth

0.336

Return On Assets

0.065

The market value of Smith Midland Corp is measured differently than its book value, which is the value of Smith that is recorded on the company's balance sheet. Investors also form their own opinion of Smith Midland's value that differs from its market value or its book value, called intrinsic value, which is Smith Midland's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Smith Midland's market value can be influenced by many factors that don't directly affect Smith Midland's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Smith Midland's value and its price as these two are different measures arrived at by different means. Investors typically determine if Smith Midland is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Smith Midland's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Smith Historical Income Statement

About Smith Income Statement Analysis

Smith Midland Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Smith Midland income statement Correlations

Smith Midland Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Smith Midland income statement Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Operating Expenses	+ 0.99	Total Revenue
Ebit	+ 0.99	Operating Income
Net Income	+ 0.99	Income Before Tax
Net Income From Continuing Ops	+ 0.99	Net Income
Net Income From Continuing Ops	+ 0.98	Income Before Tax
Total Operating Expenses	+ 0.97	Selling General Administrative

Net Interest Income	- 0.85	Cost Of Revenue
Tax Provision	- 0.83	Cost Of Revenue
Reconciled Depreciation	- 0.82	Net Interest Income
Net Interest Income	- 0.81	Non Operating Income Net Other
Net Interest Income	- 0.79	Depreciation And Amortization
Reconciled Depreciation	- 0.7	Interest Income