Smith Midland (SMID) Gross Margin (2011 - 2026)
Smith Midland (SMID) reported Gross Margin of 23.19% for Q2 2026, down 6.54 percentage points from 29.73% a year earlier but up 3.25 percentage points from the prior quarter.
Powered by 
Analysis
Smith Midland (SMID) Gross Margin (2011 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Smith Midland's Gross Margin came in at 23.46%, down 4.81 percentage points year-over-year; for FY2025, it came in at 27.86%, up 2.38 percentage points from FY2024.
- Gross Margin has a five-year change of +2.69 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 25.49% in FY2024 (+7.61 pp), 17.88% in FY2023 (-1.01 pp), 18.89% in FY2022 (-9.59 pp) and 28.47% in FY2021 (+3.30 pp).
- Five-year quarterly Gross Margin spans a low of 12.15% in Q2 2023 and a high of 30.73% in Q1 2025.
- Year over year, Gross Margin gained in four of the last seven quarters, with an average year-over-year change of -0.16 percentage points.
- The high point for year-over-year Gross Margin in five years was Q1 2025 (a gain of 7.39 percentage points); the low point was Q1 2022 (a drop of 21.81 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 19.95% (Q1 2026), 23.88% (Q4 2025) and 26.85% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.46 Bn | 94.20 Bn | 2.26 Bn | 35.57% |
| 2 | Johnson Controls International | 90.21 Bn | 87.98 Bn | 2.47 Bn | 37.41% |
| 3 | Comfort Systems Usa | 58.39 Bn | 53.64 Bn | 844.23 Mn | 25.85% |
| 4 | Carrier Global | 46.05 Bn | 40.68 Bn | 1.94 Bn | 30.59% |
| 5 | Otis Worldwide | 25.26 Bn | 21.87 Bn | 1.14 Bn | 29.52% |
| 6 | James Hardie Industries | 14.74 Bn | 13.47 Bn | 548.70 Mn | 37.21% |
| 7 | Masco | 13.48 Bn | 11.59 Bn | 868.00 Mn | 43.57% |
| 8 | Allegion | 13.22 Bn | 11.93 Bn | 517.50 Mn | 44.94% |
| 9 | Carlisle Companies | 12.99 Bn | 9.34 Bn | 568.40 Mn | 36.20% |
| 10 | Smith Midland | 127.95 Mn | 78.81 Mn | 5.42 Mn | 23.19% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.19% |
| Mar 31, 2026 | 19.95% |
| Dec 31, 2025 | 23.88% |
| Sep 30, 2025 | 26.85% |
| Jun 30, 2025 | 29.73% |
| Mar 31, 2025 | 30.73% |
| Dec 31, 2024 | 23.67% |
| Sep 30, 2024 | 27.89% |
| Mar 31, 2024 | 23.34% |
| Dec 31, 2023 | 19.06% |
| Sep 30, 2023 | 22.85% |
| Jun 30, 2023 | 12.15% |
| Mar 31, 2023 | 16.87% |
| Dec 31, 2022 | 17.31% |
| Sep 30, 2022 | 17.41% |
| Jun 30, 2022 | 24.37% |
| Mar 31, 2022 | 15.79% |
| Dec 31, 2021 | 21.79% |
| Sep 30, 2021 | 24.44% |
| Jun 30, 2021 | 26.93% |
API Access
Smith Midland Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=SMID&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "SMID", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=SMID&period=max&api_key=YOUR_API_KEY");
const data = await res.json();