Schmitt Industries Net Income

Schmitt Industries's net income stands at $-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 $27B. Stockcircle updates this page with the newest filings so you can track how the metric evolves quarter by quarter.

Schmitt Industries reported $-3.3M in net income versus $-8.1M a year earlier — a 59.4% year-over-year increase. The historical chart on this page makes it easier to see whether that move is part of a longer pattern.

Schmitt Industries sits lower the Industrials benchmark ($27B) with a net income of $-3.3M. That is roughly 100.0% below the sector mean. Peer context matters because what looks expensive or cheap in absolute terms can be normal for the sector.

That compares with $-8.1M in the prior-year period — up 59.4% year over year. Sustained growth in net income can support a stronger franchise, while sharp declines may reflect divestitures, weaker demand, or accounting changes. Always read YoY moves with the footnotes of recent filings in mind.

The history chart shows how Schmitt Industries's net income evolved across reporting periods, while the comparison chart places SMIT next to similar companies. Use both: a rising metric that still lags peers tells a different story than a rising metric that already leads the group. Growth charts, when available, highlight acceleration or slowdown.