Smith-MidlandSMID -1.29%90 Pretax Margin % is 8.16% as of Mar. 2026, which is 7% below its 10-year median of 8.81. GuruFocus rates SMID with a GF Score™ of 90/100 and a GF Value™ of $42.54 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 405 Building Materials companies, Smith-Midland ranks better than 78.02% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Smith-Midland's Pre-Tax Income for the
three
months ended in Mar. 2026 was $1.76 Mil. Smith-Midland's Revenue for the
three
months ended in Mar. 2026 was $21.57 Mil. Therefore, Smith-Midland's pretax margin for the quarter that ended in Mar. 2026 was 8.16%.
The historical rank and industry rank for Smith-Midland's Pretax Margin % or its related term are showing as below:
SMID'
s Pretax Margin % Range Over the Past 10 Years
Min: 1.89 Med: 8.81 Max: 18.22
Current: 15.64
SMID's Pretax Margin % is ranked better than 78.02% of 405
companies
in the Building Materials industry
Industry Median: 6.04
vs SMID: 15.64
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Smith-Midland Pretax Margin % Related Terms
Smith-Midland Pretax Margin % Historical Data
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The historical data trend for Smith-Midland's Pretax Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
SMID vs PHCI, RETO, BASA: Pretax Margin % Comparison
For the Building Materials subindustry, Smith-Midland's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Smith-Midland Pretax Margin % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Smith-Midland's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Smith-Midland's Pretax Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Smith-Midland (SMID) has a Pretax Margin % of 8.16% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Smith-Midland and its competitors. This is near median its historical median of 8.81. Over the past decade, Smith-Midland's Pretax Margin % has ranged from 1.89 to 18.22. According to the industry distribution chart, Smith-Midland ranks #89 out of 405 companies in the Building Materials industry, placing it in the top 22%.
Is Smith-Midland's Pretax Margin % too high?
Smith-Midland's current Pretax Margin % of 8.16% is near median its 10-year median of 8.81. Over the past 10 years, this metric has ranged from a low of 1.89 to a high of 18.22. The Building Materials industry median Pretax Margin % is 6.04. Smith-Midland's value of 8.16% is 35.1% above this industry median. Based on the distribution chart, Smith-Midland ranks #89 out of 405 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, Smith-Midland has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Smith-Midland's Pretax Margin % compare to PHCI and RETO?
According to the Building Materials industry distribution chart, Smith-Midland ranks #89 out of 405 companies for Pretax Margin %. This places Smith-Midland in the top 22% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 6.04. Smith-Midland's value of 8.16% is 35.1% above this benchmark. Historically, Smith-Midland's own Pretax Margin % has ranged from 1.89 to 18.22 over the past decade. While the company's 10-year median is 8.81 vs. the industry median of 6.04, Smith-Midland has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for a Building Materials company?
The median Pretax Margin % among Building Materials companies is 6.04, based on 405 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Smith-Midland's current Pretax Margin % of 8.16% is 35.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Smith-Midland and its competitors. For the Building Materials industry, the median Pretax Margin % is 6.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smith-Midland's current Pretax Margin % is 8.16%, which is near median its own 10-year median of 8.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smith-Midland stock overvalued right now?
Based on GuruFocus' analysis, Smith-Midland (SMID) is currently considered Modestly Undervalued. The stock's GF Value™ is $42.54, compared to a current price of $29.75 — trading 30.1% below its estimated fair value. The current Pretax Margin % is 8.16%, which is near median its 10-year median of 8.81 and 35.1% above the Building Materials industry median of 6.04. Smith-Midland's overall GF Score™ is 90/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Smith-Midland (SMID), the current Pretax Margin % is 8.16% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Smith-Midland (SMID) Overvalued in 2026?
Based on GuruFocus' analysis, Smith-Midland stock appears to be undervalued.
The current stock price of $29.75 is trading 30.1% below its estimated GF Value™ of $42.54.
GuruFocus considers Smith-Midland to be Modestly Undervalued.
Key valuation signals for SMID:
Pretax Margin %: 8.16% (near median its 10-year median of 8.81)
GF Value™: $42.54 vs. price of $29.75 (30.1% below fair value)
Industry Position: 35.1% above the Building Materials median (#89 of 405)
No single metric tells the full story. See the SMID stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Smith-Midland Corp through its subsidiaries invents, develops, manufactures, markets, sells, and installs precast concrete products for primary use in the construction, highway, utilities, and farming industries. The firm's customers are general contractors and federal, state, and local transportation authorities. Its products include Slenderwall, JJhooks, Softsound, Sierra Wall and Easi set. A substantial portion of the company's business is derived from local, state, and federal building projects. The company generates revenues predominantly from the sale, leasing, licensing, shipping, and installation of precast concrete products for the construction, utility, and farming industries.
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