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Side-by-side financial comparison of CTO Realty Growth, Inc. (CTO) and SMITH MIDLAND CORP (SMID). Click either name above to swap in a different company.

CTO Realty Growth, Inc. is the larger business by last-quarter revenue ($41.2M vs $23.1M, roughly 1.8× SMITH MIDLAND CORP). CTO Realty Growth, Inc. runs the higher net margin — 15.1% vs 9.2%, a 5.8% gap on every dollar of revenue. On growth, SMITH MIDLAND CORP posted the faster year-over-year revenue change (24.7% vs 15.0%). Over the past eight quarters, CTO Realty Growth, Inc.'s revenue compounded faster (19.5% CAGR vs 17.4%).

Keller Williams Realty is an American technology and international real estate franchise with headquarters in Austin, Texas. It is the largest real estate franchise in the United States by sales volume as of 2022.

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.

CTO vs SMID — Head-to-Head

Bigger by revenue
CTO
CTO
1.8× larger
CTO
$41.2M
$23.1M
SMID
Growing faster (revenue YoY)
SMID
SMID
+9.7% gap
SMID
24.7%
15.0%
CTO
Higher net margin
CTO
CTO
5.8% more per $
CTO
15.1%
9.2%
SMID
Faster 2-yr revenue CAGR
CTO
CTO
Annualised
CTO
19.5%
17.4%
SMID

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CTO
CTO
SMID
SMID
Revenue
$41.2M
$23.1M
Net Profit
$6.2M
$2.1M
Gross Margin
57.5%
Operating Margin
175.0%
37.8%
Net Margin
15.1%
9.2%
Revenue YoY
15.0%
24.7%
Net Profit YoY
174.4%
52.5%
EPS (diluted)
$0.13
$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
CTO
CTO
SMID
SMID
Q1 26
$41.2M
Q4 25
$38.3M
$23.1M
Q3 25
$37.8M
$21.5M
Q2 25
$37.6M
$26.2M
Q1 25
$35.8M
$22.7M
Q4 24
$35.7M
$18.5M
Q3 24
$31.8M
$23.6M
Q2 24
$28.8M
$19.6M
Net Profit
CTO
CTO
SMID
SMID
Q1 26
$6.2M
Q4 25
$28.3M
$2.1M
Q3 25
$2.9M
$2.9M
Q2 25
$-23.4M
$4.2M
Q1 25
$2.3M
$3.3M
Q4 24
$-15.2M
$1.4M
Q3 24
$6.2M
$3.1M
Q2 24
$1.2M
$2.0M
Gross Margin
CTO
CTO
SMID
SMID
Q1 26
Q4 25
75.0%
57.5%
Q3 25
75.4%
26.8%
Q2 25
73.0%
0.0%
Q1 25
75.2%
30.7%
Q4 24
74.4%
51.4%
Q3 24
74.4%
27.9%
Q2 24
71.1%
0.0%
Operating Margin
CTO
CTO
SMID
SMID
Q1 26
175.0%
Q4 25
75.1%
37.8%
Q3 25
26.6%
18.0%
Q2 25
-33.7%
0.0%
Q1 25
22.0%
19.3%
Q4 24
-20.4%
24.5%
Q3 24
15.6%
16.3%
Q2 24
18.8%
0.0%
Net Margin
CTO
CTO
SMID
SMID
Q1 26
15.1%
Q4 25
73.9%
9.2%
Q3 25
7.7%
13.4%
Q2 25
-62.2%
15.9%
Q1 25
6.3%
14.7%
Q4 24
-42.6%
7.5%
Q3 24
19.6%
13.4%
Q2 24
4.1%
10.1%
EPS (diluted)
CTO
CTO
SMID
SMID
Q1 26
$0.13
Q4 25
$0.81
$0.41
Q3 25
$0.03
$0.54
Q2 25
$-0.77
$0.79
Q1 25
$0.01
$0.62
Q4 24
$-0.69
$0.28
Q3 24
$0.17
$0.59
Q2 24
$-0.03
$0.37

Balance Sheet & Financial Strength

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

Metric
CTO
CTO
SMID
SMID
Cash + ST InvestmentsLiquidity on hand
$8.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$575.4M
$54.3M
Total Assets
$1.3B
$87.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTO
CTO
SMID
SMID
Q1 26
$8.3M
Q4 25
$6.5M
Q3 25
$9.3M
Q2 25
$8.6M
Q1 25
$8.4M
Q4 24
$9.0M
Q3 24
$8.2M
Q2 24
$4.8M
Total Debt
CTO
CTO
SMID
SMID
Q1 26
Q4 25
$616.3M
Q3 25
$604.2M
Q2 25
$605.4M
Q1 25
$602.2M
Q4 24
$519.0M
Q3 24
$526.8M
Q2 24
$482.7M
Stockholders' Equity
CTO
CTO
SMID
SMID
Q1 26
$575.4M
Q4 25
$567.3M
$54.3M
Q3 25
$557.3M
$52.1M
Q2 25
$574.1M
$49.2M
Q1 25
$593.9M
$45.1M
Q4 24
$612.8M
$41.7M
Q3 24
$595.8M
$40.3M
Q2 24
$491.8M
$37.2M
Total Assets
CTO
CTO
SMID
SMID
Q1 26
$1.3B
Q4 25
$1.3B
$87.7M
Q3 25
$1.2B
$85.4M
Q2 25
$1.2B
$81.2K
Q1 25
$1.2B
$74.7M
Q4 24
$1.2B
$68.0M
Q3 24
$1.2B
$66.6M
Q2 24
$1.0B
$64.0M
Debt / Equity
CTO
CTO
SMID
SMID
Q1 26
Q4 25
1.09×
Q3 25
1.08×
Q2 25
1.05×
Q1 25
1.01×
Q4 24
0.85×
Q3 24
0.88×
Q2 24
0.98×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CTO
CTO

Segment breakdown not available.

SMID
SMID

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

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