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Side-by-side financial comparison of Avidity Biosciences, Inc. (RNA) 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 $12.5M, roughly 1.9× Avidity Biosciences, Inc.). SMITH MIDLAND CORP runs the higher net margin — 9.2% vs -1398.3%, a 1407.6% gap on every dollar of revenue. On growth, Avidity Biosciences, Inc. posted the faster year-over-year revenue change (434.0% vs 24.7%). Over the past eight quarters, Avidity Biosciences, Inc.'s revenue compounded faster (138.5% CAGR vs 17.4%).

Eli Lilly and Company, doing business as Lilly, is an American multinational pharmaceutical company headquartered in Indianapolis, Indiana, with offices in 18 countries. Its products are sold in approximately 125 countries. The company was founded in 1876 by Eli Lilly, a pharmaceutical chemist and Union army veteran during the American Civil War for whom the company was later named.

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.

RNA vs SMID — Head-to-Head

Bigger by revenue
SMID
SMID
1.9× larger
SMID
$23.1M
$12.5M
RNA
Growing faster (revenue YoY)
RNA
RNA
+409.3% gap
RNA
434.0%
24.7%
SMID
Higher net margin
SMID
SMID
1407.6% more per $
SMID
9.2%
-1398.3%
RNA
Faster 2-yr revenue CAGR
RNA
RNA
Annualised
RNA
138.5%
17.4%
SMID

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
RNA
RNA
SMID
SMID
Revenue
$12.5M
$23.1M
Net Profit
$-174.4M
$2.1M
Gross Margin
57.5%
Operating Margin
-1513.5%
37.8%
Net Margin
-1398.3%
9.2%
Revenue YoY
434.0%
24.7%
Net Profit YoY
-117.0%
52.5%
EPS (diluted)
$-1.27
$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
RNA
RNA
SMID
SMID
Q4 25
$23.1M
Q3 25
$12.5M
$21.5M
Q2 25
$3.8M
$26.2M
Q1 25
$1.6M
$22.7M
Q4 24
$3.0M
$18.5M
Q3 24
$2.3M
$23.6M
Q2 24
$2.0M
$19.6M
Q1 24
$3.5M
$16.8M
Net Profit
RNA
RNA
SMID
SMID
Q4 25
$2.1M
Q3 25
$-174.4M
$2.9M
Q2 25
$-157.3M
$4.2M
Q1 25
$-115.8M
$3.3M
Q4 24
$-102.3M
$1.4M
Q3 24
$-80.4M
$3.1M
Q2 24
$-70.8M
$2.0M
Q1 24
$-68.9M
$1.1M
Gross Margin
RNA
RNA
SMID
SMID
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 24
23.3%
Operating Margin
RNA
RNA
SMID
SMID
Q4 25
37.8%
Q3 25
-1513.5%
18.0%
Q2 25
-4448.7%
0.0%
Q1 25
-8360.9%
19.3%
Q4 24
-4069.6%
24.5%
Q3 24
-4200.9%
16.3%
Q2 24
-4040.4%
0.0%
Q1 24
-2178.6%
9.0%
Net Margin
RNA
RNA
SMID
SMID
Q4 25
9.2%
Q3 25
-1398.3%
13.4%
Q2 25
-4089.3%
15.9%
Q1 25
-7360.0%
14.7%
Q4 24
-3439.5%
7.5%
Q3 24
-3441.7%
13.4%
Q2 24
-3461.8%
10.1%
Q1 24
-1943.4%
6.8%
EPS (diluted)
RNA
RNA
SMID
SMID
Q4 25
$0.41
Q3 25
$-1.27
$0.54
Q2 25
$-1.21
$0.79
Q1 25
$-0.90
$0.62
Q4 24
$-0.80
$0.28
Q3 24
$-0.65
$0.59
Q2 24
$-0.65
$0.37
Q1 24
$-0.79
$0.21

Balance Sheet & Financial Strength

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

Metric
RNA
RNA
SMID
SMID
Cash + ST InvestmentsLiquidity on hand
$350.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.9B
$54.3M
Total Assets
$2.1B
$87.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RNA
RNA
SMID
SMID
Q4 25
Q3 25
$350.2M
Q2 25
$243.9M
Q1 25
$254.2M
Q4 24
$219.9M
Q3 24
$370.2M
Q2 24
$575.8M
Q1 24
$471.4M
Stockholders' Equity
RNA
RNA
SMID
SMID
Q4 25
$54.3M
Q3 25
$1.9B
$52.1M
Q2 25
$1.2B
$49.2M
Q1 25
$1.3B
$45.1M
Q4 24
$1.4B
$41.7M
Q3 24
$1.5B
$40.3M
Q2 24
$1.2B
$37.2M
Q1 24
$830.9M
$35.3M
Total Assets
RNA
RNA
SMID
SMID
Q4 25
$87.7M
Q3 25
$2.1B
$85.4M
Q2 25
$1.4B
$81.2K
Q1 25
$1.5B
$74.7M
Q4 24
$1.6B
$68.0M
Q3 24
$1.6B
$66.6M
Q2 24
$1.3B
$64.0M
Q1 24
$951.5M
$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
RNA
RNA
SMID
SMID
Operating Cash FlowLast quarter
$-156.2M
Free Cash FlowOCF − Capex
$-156.9M
FCF MarginFCF / Revenue
-1257.6%
Capex IntensityCapex / Revenue
5.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-592.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RNA
RNA
SMID
SMID
Q4 25
Q3 25
$-156.2M
$11.7M
Q2 25
$-199.7M
Q1 25
$-124.8M
$2.2M
Q4 24
$-99.9M
$-645.0K
Q3 24
$-65.6M
$3.9M
Q2 24
$-65.0M
$2.7M
Q1 24
$-70.4M
$-777.0K
Free Cash Flow
RNA
RNA
SMID
SMID
Q4 25
Q3 25
$-156.9M
$6.3M
Q2 25
$-203.0M
Q1 25
$-128.6M
$1.6M
Q4 24
$-103.8M
$-1.3M
Q3 24
$-67.3M
$1.8M
Q2 24
$-65.5M
$998.0K
Q1 24
$-71.3M
$-2.6M
FCF Margin
RNA
RNA
SMID
SMID
Q4 25
Q3 25
-1257.6%
29.5%
Q2 25
-5277.1%
Q1 25
-8174.3%
7.1%
Q4 24
-3491.0%
-7.0%
Q3 24
-2881.8%
7.8%
Q2 24
-3204.6%
5.1%
Q1 24
-2012.3%
-15.3%
Capex Intensity
RNA
RNA
SMID
SMID
Q4 25
Q3 25
5.7%
25.1%
Q2 25
86.9%
Q1 25
238.6%
2.6%
Q4 24
131.7%
3.6%
Q3 24
72.9%
8.6%
Q2 24
26.0%
8.7%
Q1 24
25.8%
10.7%
Cash Conversion
RNA
RNA
SMID
SMID
Q4 25
Q3 25
4.07×
Q2 25
Q1 25
0.67×
Q4 24
-0.46×
Q3 24
1.23×
Q2 24
1.37×
Q1 24
-0.68×

Financial Flow Comparison

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

Revenue Breakdown by Segment

RNA
RNA

Segment breakdown not available.

SMID
SMID

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

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