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Side-by-side financial comparison of Alpine Income Property Trust, Inc. (PINE) 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 $18.4M, roughly 1.3× Alpine Income Property Trust, Inc.). Alpine Income Property Trust, Inc. runs the higher net margin — 11.9% vs 9.2%, a 2.7% gap on every dollar of revenue. On growth, Alpine Income Property Trust, Inc. posted the faster year-over-year revenue change (29.6% vs 24.7%). Over the past eight quarters, Alpine Income Property Trust, Inc.'s revenue compounded faster (21.4% CAGR vs 17.4%).
Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust that owns and operates a diversified portfolio of single-tenant net lease commercial properties across the United States. Its core asset segments include essential retail, industrial, and suburban office spaces, delivering stable recurring rental revenue to support consistent returns for its shareholders.
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.
PINE vs SMID — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $18.4M | $23.1M |
| Net Profit | $2.2M | $2.1M |
| Gross Margin | — | 57.5% |
| Operating Margin | 35.4% | 37.8% |
| Net Margin | 11.9% | 9.2% |
| Revenue YoY | 29.6% | 24.7% |
| Net Profit YoY | 285.3% | 52.5% |
| EPS (diluted) | $0.06 | $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.
| Q1 26 | $18.4M | — | ||
| Q4 25 | $16.9M | $23.1M | ||
| Q3 25 | $14.6M | $21.5M | ||
| Q2 25 | $14.9M | $26.2M | ||
| Q1 25 | $14.2M | $22.7M | ||
| Q4 24 | $13.8M | $18.5M | ||
| Q3 24 | $13.5M | $23.6M | ||
| Q2 24 | $12.5M | $19.6M |
| Q1 26 | $2.2M | — | ||
| Q4 25 | $1.5M | $2.1M | ||
| Q3 25 | $-1.3M | $2.9M | ||
| Q2 25 | $-1.6M | $4.2M | ||
| Q1 25 | $-1.2M | $3.3M | ||
| Q4 24 | $-958.0K | $1.4M | ||
| Q3 24 | $3.1M | $3.1M | ||
| Q2 24 | $204.0K | $2.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 57.5% | ||
| Q3 25 | — | 26.8% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 30.7% | ||
| Q4 24 | — | 51.4% | ||
| Q3 24 | — | 27.9% | ||
| Q2 24 | — | 0.0% |
| Q1 26 | 35.4% | — | ||
| Q4 25 | 35.3% | 37.8% | ||
| Q3 25 | 16.6% | 18.0% | ||
| Q2 25 | 16.8% | 0.0% | ||
| Q1 25 | 16.0% | 19.3% | ||
| Q4 24 | 14.3% | 24.5% | ||
| Q3 24 | 47.9% | 16.3% | ||
| Q2 24 | 24.0% | 0.0% |
| Q1 26 | 11.9% | — | ||
| Q4 25 | 8.7% | 9.2% | ||
| Q3 25 | -9.0% | 13.4% | ||
| Q2 25 | -11.0% | 15.9% | ||
| Q1 25 | -8.3% | 14.7% | ||
| Q4 24 | -6.9% | 7.5% | ||
| Q3 24 | 22.8% | 13.4% | ||
| Q2 24 | 1.6% | 10.1% |
| Q1 26 | $0.06 | — | ||
| Q4 25 | $0.07 | $0.41 | ||
| Q3 25 | $-0.09 | $0.54 | ||
| Q2 25 | $-0.12 | $0.79 | ||
| Q1 25 | $-0.08 | $0.62 | ||
| Q4 24 | $-0.06 | $0.28 | ||
| Q3 24 | $0.21 | $0.59 | ||
| Q2 24 | $0.01 | $0.37 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.6M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $312.5M | $54.3M |
| Total Assets | $745.1M | $87.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.6M | — | ||
| Q4 25 | $4.6M | — | ||
| Q3 25 | $1.2M | — | ||
| Q2 25 | $5.0M | — | ||
| Q1 25 | $6.1M | — | ||
| Q4 24 | $1.6M | — | ||
| Q3 24 | $2.6M | — | ||
| Q2 24 | $3.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | $377.7M | — | ||
| Q3 25 | $358.2M | — | ||
| Q2 25 | $352.6M | — | ||
| Q1 25 | $356.5M | — | ||
| Q4 24 | $301.5M | — | ||
| Q3 24 | $278.9M | — | ||
| Q2 24 | $268.3M | — |
| Q1 26 | $312.5M | — | ||
| Q4 25 | $279.9M | $54.3M | ||
| Q3 25 | $223.5M | $52.1M | ||
| Q2 25 | $229.8M | $49.2M | ||
| Q1 25 | $240.9M | $45.1M | ||
| Q4 24 | $253.0M | $41.7M | ||
| Q3 24 | $248.2M | $40.3M | ||
| Q2 24 | $244.0M | $37.2M |
| Q1 26 | $745.1M | — | ||
| Q4 25 | $715.9M | $87.7M | ||
| Q3 25 | $621.4M | $85.4M | ||
| Q2 25 | $628.4M | $81.2K | ||
| Q1 25 | $647.4M | $74.7M | ||
| Q4 24 | $605.0M | $68.0M | ||
| Q3 24 | $579.0M | $66.6M | ||
| Q2 24 | $565.8M | $64.0M |
| Q1 26 | — | — | ||
| Q4 25 | 1.35× | — | ||
| Q3 25 | 1.60× | — | ||
| Q2 25 | 1.53× | — | ||
| Q1 25 | 1.48× | — | ||
| Q4 24 | 1.19× | — | ||
| Q3 24 | 1.12× | — | ||
| Q2 24 | 1.10× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PINE
| Lease Income | $12.6M | 68% |
| Other | $5.8M | 31% |
| Other Revenue | $46.0K | 0% |
SMID
| Product Sales | $13.8M | 60% |
| Service Revenue | $9.3M | 40% |
