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Side-by-side financial comparison of AVINO SILVER & GOLD MINES LTD (ASM) and SMITH MIDLAND CORP (SMID). Click either name above to swap in a different company.

SMITH MIDLAND CORP is the larger business by last-quarter revenue ($23.1M vs $21.0M, roughly 1.1× AVINO SILVER & GOLD MINES LTD). AVINO SILVER & GOLD MINES LTD runs the higher net margin — 36.6% vs 9.2%, a 27.4% gap on every dollar of revenue. On growth, AVINO SILVER & GOLD MINES LTD posted the faster year-over-year revenue change (44.0% vs 24.7%). Over the past eight quarters, AVINO SILVER & GOLD MINES LTD's revenue compounded faster (51.1% CAGR vs 17.4%).

Avino Silver & Gold Mines Ltd is a Canada-based mining company engaged in the exploration, development, and production of precious and base metals, primarily silver, gold, and copper. It operates its flagship Avino Mine property in Durango, Mexico, with its metal products supplied to global industrial and commodity markets.

Smith Midland Corp is a specialized manufacturer of precast concrete products for infrastructure, commercial, residential and industrial construction uses. Its key product lines include highway safety barriers, acoustic sound walls, architectural precast panels, and stormwater management systems, serving primarily the North American market with durable, sustainable construction solutions.

ASM vs SMID — Head-to-Head

Bigger by revenue
SMID
SMID
1.1× larger
SMID
$23.1M
$21.0M
ASM
Growing faster (revenue YoY)
ASM
ASM
+19.3% gap
ASM
44.0%
24.7%
SMID
Higher net margin
ASM
ASM
27.4% more per $
ASM
36.6%
9.2%
SMID
Faster 2-yr revenue CAGR
ASM
ASM
Annualised
ASM
51.1%
17.4%
SMID

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ASM
ASM
SMID
SMID
Revenue
$21.0M
$23.1M
Net Profit
$7.7M
$2.1M
Gross Margin
47.1%
57.5%
Operating Margin
37.8%
Net Margin
36.6%
9.2%
Revenue YoY
44.0%
24.7%
Net Profit YoY
558.9%
52.5%
EPS (diluted)
$0.05
$0.41

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ASM
ASM
SMID
SMID
Q4 25
$23.1M
Q3 25
$21.0M
$21.5M
Q2 25
$21.8M
$26.2M
Q1 25
$18.8M
$22.7M
Q4 24
$18.5M
Q3 24
$14.6M
$23.6M
Q2 24
$14.8M
$19.6M
Q1 24
$12.4M
$16.8M
Net Profit
ASM
ASM
SMID
SMID
Q4 25
$2.1M
Q3 25
$7.7M
$2.9M
Q2 25
$2.9M
$4.2M
Q1 25
$5.6M
$3.3M
Q4 24
$1.4M
Q3 24
$1.2M
$3.1M
Q2 24
$1.2M
$2.0M
Q1 24
$599.0K
$1.1M
Gross Margin
ASM
ASM
SMID
SMID
Q4 25
57.5%
Q3 25
47.1%
26.8%
Q2 25
46.9%
0.0%
Q1 25
56.1%
30.7%
Q4 24
51.4%
Q3 24
39.1%
27.9%
Q2 24
31.8%
0.0%
Q1 24
18.9%
23.3%
Operating Margin
ASM
ASM
SMID
SMID
Q4 25
37.8%
Q3 25
18.0%
Q2 25
0.0%
Q1 25
19.3%
Q4 24
24.5%
Q3 24
16.3%
Q2 24
0.0%
Q1 24
9.0%
Net Margin
ASM
ASM
SMID
SMID
Q4 25
9.2%
Q3 25
36.6%
13.4%
Q2 25
13.1%
15.9%
Q1 25
29.8%
14.7%
Q4 24
7.5%
Q3 24
8.0%
13.4%
Q2 24
8.4%
10.1%
Q1 24
4.8%
6.8%
EPS (diluted)
ASM
ASM
SMID
SMID
Q4 25
$0.41
Q3 25
$0.05
$0.54
Q2 25
$0.02
$0.79
Q1 25
$0.04
$0.62
Q4 24
$0.28
Q3 24
$0.01
$0.59
Q2 24
$0.01
$0.37
Q1 24
$0.00
$0.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASM
ASM
SMID
SMID
Cash + ST InvestmentsLiquidity on hand
$57.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$182.1M
$54.3M
Total Assets
$221.9M
$87.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASM
ASM
SMID
SMID
Q4 25
Q3 25
$57.3M
Q2 25
$37.3M
Q1 25
$26.6M
Q4 24
Q3 24
$7.8M
Q2 24
$5.3M
Q1 24
$3.5M
Stockholders' Equity
ASM
ASM
SMID
SMID
Q4 25
$54.3M
Q3 25
$182.1M
$52.1M
Q2 25
$144.8M
$49.2M
Q1 25
$132.3M
$45.1M
Q4 24
$41.7M
Q3 24
$114.5M
$40.3M
Q2 24
$112.2M
$37.2M
Q1 24
$107.8M
$35.3M
Total Assets
ASM
ASM
SMID
SMID
Q4 25
$87.7M
Q3 25
$221.9M
$85.4M
Q2 25
$174.7M
$81.2K
Q1 25
$157.7M
$74.7M
Q4 24
$68.0M
Q3 24
$135.4M
$66.6M
Q2 24
$133.7M
$64.0M
Q1 24
$128.6M
$64.9M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ASM
ASM
SMID
SMID
Operating Cash FlowLast quarter
$8.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.08×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASM
ASM
SMID
SMID
Q4 25
Q3 25
$8.3M
$11.7M
Q2 25
$8.3M
Q1 25
$758.0K
$2.2M
Q4 24
$-645.0K
Q3 24
$4.1M
$3.9M
Q2 24
$1.1M
$2.7M
Q1 24
$2.3M
$-777.0K
Free Cash Flow
ASM
ASM
SMID
SMID
Q4 25
Q3 25
$6.3M
Q2 25
Q1 25
$1.6M
Q4 24
$-1.3M
Q3 24
$1.8M
Q2 24
$998.0K
Q1 24
$-2.6M
FCF Margin
ASM
ASM
SMID
SMID
Q4 25
Q3 25
29.5%
Q2 25
Q1 25
7.1%
Q4 24
-7.0%
Q3 24
7.8%
Q2 24
5.1%
Q1 24
-15.3%
Capex Intensity
ASM
ASM
SMID
SMID
Q4 25
Q3 25
25.1%
Q2 25
Q1 25
2.6%
Q4 24
3.6%
Q3 24
8.6%
Q2 24
8.7%
Q1 24
10.7%
Cash Conversion
ASM
ASM
SMID
SMID
Q4 25
Q3 25
1.08×
4.07×
Q2 25
2.92×
Q1 25
0.13×
0.67×
Q4 24
-0.46×
Q3 24
3.55×
1.23×
Q2 24
0.87×
1.37×
Q1 24
3.92×
-0.68×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ASM
ASM

Segment breakdown not available.

SMID
SMID

Product Sales$13.8M60%
Service Revenue$9.3M40%

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