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Side-by-side financial comparison of SMITH MIDLAND CORP (SMID) and SuperCom Ltd (SPCB). Click either name above to swap in a different company.

SMITH MIDLAND CORP is the larger business by last-quarter revenue ($23.1M vs $14.2M, roughly 1.6× SuperCom Ltd). SuperCom Ltd runs the higher net margin — 37.5% vs 9.2%, a 28.3% gap on every dollar of revenue. On growth, SMITH MIDLAND CORP posted the faster year-over-year revenue change (24.7% vs -1.5%).

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.

Super.com is a technology company headquartered in San Francisco and co-founded by Hussein Fazal and Henry Shi. The company provides financial services, including reward programs and travel bookings.

SMID vs SPCB — Head-to-Head

Bigger by revenue
SMID
SMID
1.6× larger
SMID
$23.1M
$14.2M
SPCB
Growing faster (revenue YoY)
SMID
SMID
+26.2% gap
SMID
24.7%
-1.5%
SPCB
Higher net margin
SPCB
SPCB
28.3% more per $
SPCB
37.5%
9.2%
SMID

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
SMID
SMID
SPCB
SPCB
Revenue
$23.1M
$14.2M
Net Profit
$2.1M
$5.3M
Gross Margin
57.5%
61.2%
Operating Margin
37.8%
16.3%
Net Margin
9.2%
37.5%
Revenue YoY
24.7%
-1.5%
Net Profit YoY
52.5%
79.5%
EPS (diluted)
$0.41
$1.32

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
SMID
SMID
SPCB
SPCB
Q4 25
$23.1M
Q3 25
$21.5M
Q2 25
$26.2M
$14.2M
Q1 25
$22.7M
Q4 24
$18.5M
Q3 24
$23.6M
Q2 24
$19.6M
$14.4M
Q1 24
$16.8M
Net Profit
SMID
SMID
SPCB
SPCB
Q4 25
$2.1M
Q3 25
$2.9M
Q2 25
$4.2M
$5.3M
Q1 25
$3.3M
Q4 24
$1.4M
Q3 24
$3.1M
Q2 24
$2.0M
$3.0M
Q1 24
$1.1M
Gross Margin
SMID
SMID
SPCB
SPCB
Q4 25
57.5%
Q3 25
26.8%
Q2 25
0.0%
61.2%
Q1 25
30.7%
Q4 24
51.4%
Q3 24
27.9%
Q2 24
0.0%
52.3%
Q1 24
23.3%
Operating Margin
SMID
SMID
SPCB
SPCB
Q4 25
37.8%
Q3 25
18.0%
Q2 25
0.0%
16.3%
Q1 25
19.3%
Q4 24
24.5%
Q3 24
16.3%
Q2 24
0.0%
7.7%
Q1 24
9.0%
Net Margin
SMID
SMID
SPCB
SPCB
Q4 25
9.2%
Q3 25
13.4%
Q2 25
15.9%
37.5%
Q1 25
14.7%
Q4 24
7.5%
Q3 24
13.4%
Q2 24
10.1%
20.6%
Q1 24
6.8%
EPS (diluted)
SMID
SMID
SPCB
SPCB
Q4 25
$0.41
Q3 25
$0.54
Q2 25
$0.79
$1.32
Q1 25
$0.62
Q4 24
$0.28
Q3 24
$0.59
Q2 24
$0.37
$1.19
Q1 24
$0.21

Balance Sheet & Financial Strength

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

Metric
SMID
SMID
SPCB
SPCB
Cash + ST InvestmentsLiquidity on hand
$15.0M
Total DebtLower is stronger
$23.6M
Stockholders' EquityBook value
$54.3M
$37.3M
Total Assets
$87.7M
$65.5M
Debt / EquityLower = less leverage
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SMID
SMID
SPCB
SPCB
Q4 25
Q3 25
Q2 25
$15.0M
Q1 25
Q4 24
Q3 24
Q2 24
$5.7M
Q1 24
Total Debt
SMID
SMID
SPCB
SPCB
Q4 25
Q3 25
Q2 25
$23.6M
Q1 25
Q4 24
Q3 24
Q2 24
$29.2M
Q1 24
Stockholders' Equity
SMID
SMID
SPCB
SPCB
Q4 25
$54.3M
Q3 25
$52.1M
Q2 25
$49.2M
$37.3M
Q1 25
$45.1M
Q4 24
$41.7M
Q3 24
$40.3M
Q2 24
$37.2M
$13.8M
Q1 24
$35.3M
Total Assets
SMID
SMID
SPCB
SPCB
Q4 25
$87.7M
Q3 25
$85.4M
Q2 25
$81.2K
$65.5M
Q1 25
$74.7M
Q4 24
$68.0M
Q3 24
$66.6M
Q2 24
$64.0M
$49.6M
Q1 24
$64.9M
Debt / Equity
SMID
SMID
SPCB
SPCB
Q4 25
Q3 25
Q2 25
0.63×
Q1 25
Q4 24
Q3 24
Q2 24
2.11×
Q1 24

Cash Flow & Capital Efficiency

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

Metric
SMID
SMID
SPCB
SPCB
Operating Cash FlowLast quarter
$-2.2M
Free Cash FlowOCF − Capex
$-3.6M
FCF MarginFCF / Revenue
-25.3%
Capex IntensityCapex / Revenue
10.0%
Cash ConversionOCF / Net Profit
-0.41×
TTM Free Cash FlowTrailing 4 quarters
$-14.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SMID
SMID
SPCB
SPCB
Q4 25
Q3 25
$11.7M
Q2 25
$-2.2M
Q1 25
$2.2M
Q4 24
$-645.0K
Q3 24
$3.9M
Q2 24
$2.7M
$-950.0K
Q1 24
$-777.0K
Free Cash Flow
SMID
SMID
SPCB
SPCB
Q4 25
Q3 25
$6.3M
Q2 25
$-3.6M
Q1 25
$1.6M
Q4 24
$-1.3M
Q3 24
$1.8M
Q2 24
$998.0K
$-1.6M
Q1 24
$-2.6M
FCF Margin
SMID
SMID
SPCB
SPCB
Q4 25
Q3 25
29.5%
Q2 25
-25.3%
Q1 25
7.1%
Q4 24
-7.0%
Q3 24
7.8%
Q2 24
5.1%
-10.8%
Q1 24
-15.3%
Capex Intensity
SMID
SMID
SPCB
SPCB
Q4 25
Q3 25
25.1%
Q2 25
10.0%
Q1 25
2.6%
Q4 24
3.6%
Q3 24
8.6%
Q2 24
8.7%
4.2%
Q1 24
10.7%
Cash Conversion
SMID
SMID
SPCB
SPCB
Q4 25
Q3 25
4.07×
Q2 25
-0.41×
Q1 25
0.67×
Q4 24
-0.46×
Q3 24
1.23×
Q2 24
1.37×
-0.32×
Q1 24
-0.68×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SMID
SMID

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

SPCB
SPCB

Segment breakdown not available.

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