Smith Historical Income Statement
| SMID Stock | USD 37.00 0.12 0.32% |
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.
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.
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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
Smith Midland Corp Income Statement is one of the three primary financial statements used for reporting Smith's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Smith Midland Corp revenue and expense. Smith Midland Income Statement primarily focuses on the company's revenues and expenses during a particular period.
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. Add Fundamental
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 tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. 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.
| 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 |
Smith Midland income statement Correlations
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Smith Midland income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 1.9M | 2.5M | 2.8M | 3.1M | 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 | 854K | 1.1M | 1.6M | |
| Ebitda | 4.4M | 6.3M | 8.9M | 4.0M | 3.5M | 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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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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: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 tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
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When running Smith Midland's price analysis, check to measure Smith Midland's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Smith Midland is operating at the current time. Most of Smith Midland's value examination focuses on studying past and present price action to predict the probability of Smith Midland's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Smith Midland's price. Additionally, you may evaluate how the addition of Smith Midland to your portfolios can decrease your overall portfolio volatility.
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Is Smith Midland's industry 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 54.323 | Earnings Share 0.15 | Revenue Per Share 11.242 | Quarterly Revenue Growth 0.131 | Return On Assets 0.0121 |
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.