Smith Midland (SMID) Gross Margin (2011 - 2026)

Smith Midland has disclosed Gross Margin across 16 years of filings, most recently posting 36.51% for Q1 2026.

• On a quarterly basis, Gross Margin rose 578.0% year-over-year to 36.51% in Q1 2026; TTM through Mar 2026 was 32.34%, a 55.0% increase from a year earlier, with the FY2025 full-year figure at 53.94%, up 2845.0% from the prior year.
• Gross Margin for Q1 2026 stood at 36.51%, down from 39.94% in the prior quarter.
• The five-year high for Gross Margin was 61.17% in Q3 2024, with the low at 32.06% in Q4 2022.
• A 5-year average of 24.27% and a median of 24.37% in 2022 frame the typical range for Gross Margin.
• The sharpest annual moves came in 2022 and 2023: Gross Margin plunged 6132 bps in 2022, then surged 6713 bps in 2023.
• Year by year, Gross Margin stood at 32.06% in 2022, then soared by 209 bps to 35.07% in 2023, then tumbled by 33 bps to 23.67% in 2024, then surged by 69 bps to 39.94% in 2025, then slipped by 9 bps to 36.51% in 2026.
• Business Quant data shows SMID's Gross Margin at 36.51% in Q1 2026, 39.94% in Q4 2025, and 26.85% in Q3 2025.