Schmitt Industries Net Income

Schmitt Industries (SMIT) currently reports a net income of $-3.3M as of May 2022. That compares with $-8.1M in the prior-year period — up 59.4% year over year. That is below the Industrials sector average of $28B. Use the charts on this page to explore Schmitt Industries's net income history and peer comparisons.

Schmitt Industries's net income increased from $-8.1M to $-3.3M — a 59.4% year-over-year increase (period ending May 2022). Watching multi-year history on the chart below helps separate one-off swings from a lasting trend.

Schmitt Industries's net income of $-3.3M is lower than the Industrials sector average of $28B. That is roughly 100.0% below the sector mean. A reading lower peers can reflect different growth expectations, capital structure, or profitability — so it is worth checking the peer comparison chart before drawing conclusions.

Schmitt Industries reported $-3.3M in net income as of May 2022. That compares with $-8.1M in the prior-year period — up 59.4% year over year. Absolute dollar amounts are most useful when compared with prior periods, peers, and related line items such as revenue, assets, or liabilities on Stockcircle.

Start with the current net income of $-3.3M, then check the historical chart for trend and the peer comparison chart for relative positioning. The Industrials average is $28B. From there, open related valuation or income-statement pages for Schmitt Industries, and consider following SMIT for alerts when major investors trade the stock.