Smith Midland (SMID) Net Margin (2009 - 2026)
Smith Midland's Net Margin came in at 5.91% for Q2 2026, down 10.02 percentage points from 15.93% a year earlier and down 0.30 percentage points from the prior quarter.
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Analysis
Smith Midland (SMID) Net Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Smith Midland reported Net Margin of 8.63%, down 4.60 percentage points year-over-year; for FY2025, it came in at 13.38%, up 3.61 percentage points from FY2024.
- Net Margin carries a five-year change of +7.31 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was 9.78% in FY2024 (+8.44 pp), 1.33% in FY2023 (-0.26 pp), 1.60% in FY2022 (-13.35 pp) and 14.95% in FY2021 (+8.87 pp).
- The Q2 2026 figure represents the lowest quarterly Net Margin since Q4 2023.
- Year-over-year, Net Margin increased in five of the last seven quarters, with an average year-over-year change of +0.35 percentage points.
- The fastest year-over-year change in Net Margin over five years came in Q3 2021 (a gain of 15.82 percentage points), and the weakest in Q3 2022 (a drop of 28.16 percentage points).
- Business Quant data shows SMID's Net Margin at 6.21% (Q1 2026), 9.22% (Q4 2025) and 13.41% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 92.12 Bn | 86.76 Bn | 2.38 Bn | 15.51% |
| 2 | Johnson Controls International | 85.49 Bn | 85.52 Bn | 2.71 Bn | - |
| 3 | Carrier Global | 43.38 Bn | 38.12 Bn | 1.90 Bn | -41.40% |
| 4 | Comfort Systems Usa | 38.65 Bn | 32.60 Bn | 934.48 Mn | 12.98% |
| 5 | Otis Worldwide | 29.75 Bn | 26.31 Bn | 1.16 Bn | 10.58% |
| 6 | James Hardie Industries | 16.90 Bn | 16.08 Bn | 562.40 Mn | 10.57% |
| 7 | Masco | 16.35 Bn | 14.41 Bn | 720.00 Mn | 11.70% |
| 8 | Allegion | 15.98 Bn | 14.60 Bn | 548.20 Mn | 18.19% |
| 9 | Carlisle Companies | 15.35 Bn | 12.26 Bn | 494.90 Mn | 14.22% |
| 10 | Smith Midland | 114.15 Mn | 65.01 Mn | 5.42 Mn | 5.91% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.91% |
| Mar 31, 2026 | 6.21% |
| Dec 31, 2025 | 9.22% |
| Sep 30, 2025 | 13.41% |
| Jun 30, 2025 | 15.93% |
| Mar 31, 2025 | 14.66% |
| Dec 31, 2024 | 7.54% |
| Sep 30, 2024 | 13.36% |
| Jun 30, 2024 | 10.09% |
| Mar 31, 2024 | 6.85% |
| Dec 31, 2023 | 1.40% |
| Sep 30, 2023 | 8.09% |
| Jun 30, 2023 | -5.32% |
| Mar 31, 2023 | 0.62% |
| Dec 31, 2022 | 0.03% |
| Sep 30, 2022 | 0.04% |
| Jun 30, 2022 | 6.87% |
| Mar 31, 2022 | -1.14% |
| Dec 31, 2021 | 0.24% |
| Sep 30, 2021 | 28.20% |
API Access
Smith Midland Net 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=net-margin&ticker=SMID&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=SMID&period=max&api_key=YOUR_API_KEY");
const data = await res.json();