Flagship explainer
How Smith-Midland Corporation makes its money
Start with a dollar of revenue and follow what the filing says remains.
Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.
| Filed line | Value | % of revenue | Source |
|---|---|---|---|
| $93.4M | 100% |
| |
| Cost of revenue | $67.4M | 72% |
|
| $26M | 28% |
| |
| $17M | 18% |
| |
| Income before tax | $17M | 18% |
|
| Income tax | $4.5M | 5% |
|
| $12.5M | 13% |
|
Source:
- SEC filing · FY 2025Filing detailsAccession 0001654954-26-003505