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Side-by-side financial comparison of SMITH MIDLAND CORP (SMID) and UNION BANKSHARES INC (UNB). Click either name above to swap in a different company.

SMITH MIDLAND CORP is the larger business by last-quarter revenue ($23.1M vs $14.1M, roughly 1.6× UNION BANKSHARES INC). On growth, SMITH MIDLAND CORP posted the faster year-over-year revenue change (24.7% vs 6.3%). Over the past eight quarters, SMITH MIDLAND CORP's revenue compounded faster (17.4% CAGR vs 10.2%).

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.

Atlantic Union Bankshares Corporation is a bank holding company based in Richmond, Virginia and is the parent company of Atlantic Union Bank, a regional bank. It operates 129 branches in Virginia, Maryland, and North Carolina and is the largest bank headquartered in Virginia. It is on the list of largest banks in the United States.

SMID vs UNB — Head-to-Head

Bigger by revenue
SMID
SMID
1.6× larger
SMID
$23.1M
$14.1M
UNB
Growing faster (revenue YoY)
SMID
SMID
+18.4% gap
SMID
24.7%
6.3%
UNB
Faster 2-yr revenue CAGR
SMID
SMID
Annualised
SMID
17.4%
10.2%
UNB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SMID
SMID
UNB
UNB
Revenue
$23.1M
$14.1M
Net Profit
$2.1M
Gross Margin
57.5%
Operating Margin
37.8%
Net Margin
9.2%
Revenue YoY
24.7%
6.3%
Net Profit YoY
52.5%
EPS (diluted)
$0.41
$0.59

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
UNB
UNB
Q4 25
$23.1M
$14.1M
Q3 25
$21.5M
$14.5M
Q2 25
$26.2M
$13.2M
Q1 25
$22.7M
$12.7M
Q4 24
$18.5M
$13.2M
Q3 24
$23.6M
$11.0M
Q2 24
$19.6M
$12.2M
Q1 24
$16.8M
$11.6M
Net Profit
SMID
SMID
UNB
UNB
Q4 25
$2.1M
Q3 25
$2.9M
$3.4M
Q2 25
$4.2M
$2.4M
Q1 25
$3.3M
$2.5M
Q4 24
$1.4M
Q3 24
$3.1M
$1.3M
Q2 24
$2.0M
$2.0M
Q1 24
$1.1M
$2.4M
Gross Margin
SMID
SMID
UNB
UNB
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
SMID
SMID
UNB
UNB
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
SMID
SMID
UNB
UNB
Q4 25
9.2%
Q3 25
13.4%
23.7%
Q2 25
15.9%
18.1%
Q1 25
14.7%
19.7%
Q4 24
7.5%
Q3 24
13.4%
12.0%
Q2 24
10.1%
16.5%
Q1 24
6.8%
20.9%
EPS (diluted)
SMID
SMID
UNB
UNB
Q4 25
$0.41
$0.59
Q3 25
$0.54
$0.75
Q2 25
$0.79
$0.52
Q1 25
$0.62
$0.55
Q4 24
$0.28
$0.65
Q3 24
$0.59
$0.29
Q2 24
$0.37
$0.45
Q1 24
$0.21
$0.53

Balance Sheet & Financial Strength

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

Metric
SMID
SMID
UNB
UNB
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$54.3M
$80.9M
Total Assets
$87.7M
$1.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Stockholders' Equity
SMID
SMID
UNB
UNB
Q4 25
$54.3M
$80.9M
Q3 25
$52.1M
$77.7M
Q2 25
$49.2M
$71.3M
Q1 25
$45.1M
$70.1M
Q4 24
$41.7M
$66.5M
Q3 24
$40.3M
$72.3M
Q2 24
$37.2M
$64.0M
Q1 24
$35.3M
$63.8M
Total Assets
SMID
SMID
UNB
UNB
Q4 25
$87.7M
$1.6B
Q3 25
$85.4M
$1.6B
Q2 25
$81.2K
$1.5B
Q1 25
$74.7M
$1.5B
Q4 24
$68.0M
$1.5B
Q3 24
$66.6M
$1.5B
Q2 24
$64.0M
$1.4B
Q1 24
$64.9M
$1.4B

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
UNB
UNB
Operating Cash FlowLast quarter
$17.2M
Free Cash FlowOCF − Capex
$16.0M
FCF MarginFCF / Revenue
113.6%
Capex IntensityCapex / Revenue
8.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$29.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SMID
SMID
UNB
UNB
Q4 25
$17.2M
Q3 25
$11.7M
$9.7M
Q2 25
$288.0K
Q1 25
$2.2M
$4.1M
Q4 24
$-645.0K
$12.2M
Q3 24
$3.9M
$1.3M
Q2 24
$2.7M
$3.3M
Q1 24
$-777.0K
$1.9M
Free Cash Flow
SMID
SMID
UNB
UNB
Q4 25
$16.0M
Q3 25
$6.3M
$9.6M
Q2 25
$-381.0K
Q1 25
$1.6M
$3.9M
Q4 24
$-1.3M
$11.1M
Q3 24
$1.8M
$1.1M
Q2 24
$998.0K
$2.9M
Q1 24
$-2.6M
$1.5M
FCF Margin
SMID
SMID
UNB
UNB
Q4 25
113.6%
Q3 25
29.5%
65.9%
Q2 25
-2.9%
Q1 25
7.1%
30.8%
Q4 24
-7.0%
83.8%
Q3 24
7.8%
9.7%
Q2 24
5.1%
23.8%
Q1 24
-15.3%
12.8%
Capex Intensity
SMID
SMID
UNB
UNB
Q4 25
8.9%
Q3 25
25.1%
1.1%
Q2 25
5.1%
Q1 25
2.6%
1.1%
Q4 24
3.6%
8.1%
Q3 24
8.6%
1.9%
Q2 24
8.7%
2.7%
Q1 24
10.7%
3.3%
Cash Conversion
SMID
SMID
UNB
UNB
Q4 25
Q3 25
4.07×
2.83×
Q2 25
0.12×
Q1 25
0.67×
1.62×
Q4 24
-0.46×
Q3 24
1.23×
0.97×
Q2 24
1.37×
1.61×
Q1 24
-0.68×
0.77×

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%

UNB
UNB

Segment breakdown not available.

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