Smith-Midland Corporation
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $11.9M | $7.5M | $9.2M | $6.7M | $13.5M | $8.8M | $1.4M | — |
| Accounts Receivable | $27.2M | $19.4M | $17.2M | $16.2M | $10.0M | $9.8M | $12.7M | $12.3M |
| Inventory | — | — | $2.8M | $2.0M | $1.7M | $1.6M | $1.8M | $2.6M |
| Total Current Assets | $48.7M | $35.8M | $33.3M | $28.9M | $27.8M | $23.3M | $19.0M | $21.6M |
| Property, Plant & Equipment | $38.5M | $31.7M | $27.7M | $25.1M | $21.9M | $18.6M | $17.7M | $14.1M |
| Goodwill | — | — | — | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | — | — | — | — | — | — | — | — |
| Total Assets | $87.7M | $68.0M | $61.3M | $54.3M | $53.3M | $46.5M | $42.1M | $41.4M |
| Liabilities | ||||||||
| Accounts Payable | $5.5M | $4.7M | $7.3M | $5.8M | $2.1M | $1.9M | $3.2M | $4.2M |
| Total Current Liabilities | $14.3M | $15.0M | $16.0M | $11.2M | $13.9M | $8.9M | $9.6M | $11.9M |
| Long-Term Debt | — | — | — | — | — | — | — | — |
| Total Liabilities | $33.4M | $26.3M | $27.2M | $21.3M | $21.5M | $22.9M | $21.3M | $22.5M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $46.6M | $34.1M | $26.4M | $25.7M | $24.9M | $17.3M | $14.6M | $13.0M |
| Total Stockholders' Equity | $54.3M | $41.7M | $34.2M | $33.1M | $31.8M | $23.6M | $20.8M | $18.9M |