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Side-by-side financial comparison of SMITH MIDLAND CORP (SMID) and Village Farms International, Inc. (VFF). Click either name above to swap in a different company.
SMITH MIDLAND CORP is the larger business by last-quarter revenue ($23.1M vs $12.2M, roughly 1.9× Village Farms International, Inc.). Village Farms International, Inc. runs the higher net margin — 19.9% vs 9.2%, a 10.7% gap on every dollar of revenue. On growth, Village Farms International, Inc. posted the faster year-over-year revenue change (31.5% vs 24.7%).
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.
Grafton Village Cheese Company is a cheesemaker in the town of Grafton in the U.S. state of Vermont. The company produces hand-crafted aged cheddar cheese.
SMID vs VFF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $23.1M | $12.2M |
| Net Profit | $2.1M | $2.4M |
| Gross Margin | 57.5% | — |
| Operating Margin | 37.8% | — |
| Net Margin | 9.2% | 19.9% |
| Revenue YoY | 24.7% | 31.5% |
| Net Profit YoY | 52.5% | 128.2% |
| EPS (diluted) | $0.41 | $0.01 |
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.
| Q4 25 | $23.1M | $12.2M | ||
| Q3 25 | $21.5M | $66.7M | ||
| Q2 25 | $26.2M | $59.9M | ||
| Q1 25 | $22.7M | $77.1M | ||
| Q4 24 | $18.5M | — | ||
| Q3 24 | $23.6M | $54.9M | ||
| Q2 24 | $19.6M | $53.6M | ||
| Q1 24 | $16.8M | $78.1M |
| Q4 25 | $2.1M | $2.4M | ||
| Q3 25 | $2.9M | $10.2M | ||
| Q2 25 | $4.2M | $26.5M | ||
| Q1 25 | $3.3M | $-6.7M | ||
| Q4 24 | $1.4M | — | ||
| Q3 24 | $3.1M | $-820.0K | ||
| Q2 24 | $2.0M | $-23.5M | ||
| Q1 24 | $1.1M | $-2.9M |
| Q4 25 | 57.5% | — | ||
| Q3 25 | 26.8% | 47.9% | ||
| Q2 25 | 0.0% | 37.3% | ||
| Q1 25 | 30.7% | 14.7% | ||
| Q4 24 | 51.4% | — | ||
| Q3 24 | 27.9% | 24.8% | ||
| Q2 24 | 0.0% | 25.4% | ||
| Q1 24 | 23.3% | 19.9% |
| Q4 25 | 37.8% | — | ||
| Q3 25 | 18.0% | 23.3% | ||
| Q2 25 | 0.0% | 20.8% | ||
| Q1 25 | 19.3% | -8.0% | ||
| Q4 24 | 24.5% | — | ||
| Q3 24 | 16.3% | 3.8% | ||
| Q2 24 | 0.0% | -43.5% | ||
| Q1 24 | 9.0% | -3.0% |
| Q4 25 | 9.2% | 19.9% | ||
| Q3 25 | 13.4% | 15.3% | ||
| Q2 25 | 15.9% | 44.2% | ||
| Q1 25 | 14.7% | -8.7% | ||
| Q4 24 | 7.5% | — | ||
| Q3 24 | 13.4% | -1.5% | ||
| Q2 24 | 10.1% | -43.9% | ||
| Q1 24 | 6.8% | -3.7% |
| Q4 25 | $0.41 | $0.01 | ||
| Q3 25 | $0.54 | $0.08 | ||
| Q2 25 | $0.79 | $0.24 | ||
| Q1 25 | $0.62 | $-0.06 | ||
| Q4 24 | $0.28 | — | ||
| Q3 24 | $0.59 | $-0.01 | ||
| Q2 24 | $0.37 | $-0.21 | ||
| Q1 24 | $0.21 | $-0.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $81.2M |
| Total DebtLower is stronger | — | $33.7M |
| Stockholders' EquityBook value | $54.3M | $299.9M |
| Total Assets | $87.7M | $423.1M |
| Debt / EquityLower = less leverage | — | 0.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $81.2M | ||
| Q3 25 | — | $82.6M | ||
| Q2 25 | — | $60.0M | ||
| Q1 25 | — | $15.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $28.7M | ||
| Q2 24 | — | $29.7M | ||
| Q1 24 | — | $26.7M |
| Q4 25 | — | $33.7M | ||
| Q3 25 | — | $34.6M | ||
| Q2 25 | — | $39.1M | ||
| Q1 25 | — | $39.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $43.3M | ||
| Q2 24 | — | $44.4M | ||
| Q1 24 | — | $46.1M |
| Q4 25 | $54.3M | $299.9M | ||
| Q3 25 | $52.1M | $295.4M | ||
| Q2 25 | $49.2M | $284.3M | ||
| Q1 25 | $45.1M | $248.3M | ||
| Q4 24 | $41.7M | — | ||
| Q3 24 | $40.3M | $274.4M | ||
| Q2 24 | $37.2M | $275.2M | ||
| Q1 24 | $35.3M | $296.2M |
| Q4 25 | $87.7M | $423.1M | ||
| Q3 25 | $85.4M | $418.4M | ||
| Q2 25 | $81.2K | $403.7M | ||
| Q1 25 | $74.7M | $377.1M | ||
| Q4 24 | $68.0M | — | ||
| Q3 24 | $66.6M | $417.8M | ||
| Q2 24 | $64.0M | $425.4M | ||
| Q1 24 | $64.9M | $458.4M |
| Q4 25 | — | 0.11× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.16× | ||
| Q1 24 | — | 0.16× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SMID
| Product Sales | $13.8M | 60% |
| Service Revenue | $9.3M | 40% |
VFF
| International Sales | $8.7M | 71% |
| Cannabis United States Segment | $3.4M | 27% |
