Smith Midland (SMID) Return on Invested Capital [ROIC] (2011 - 2026)
Smith Midland (SMID) posted Return on Invested Capital [ROIC] of 12.80% for Q2 2026, down 11.62 percentage points from 24.41% a year earlier and down 4.80 percentage points from the prior quarter.
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Analysis
Smith Midland (SMID) Return on Invested Capital [ROIC] (2011 - 2026) Analysis & Trends
For FY2025, Smith Midland's Return on Invested Capital [ROIC] came in at 23.64%, up 5.80 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] shows a five-year change of +13.94 percentage points (FY2020 to FY2025).
- In prior years, Smith Midland's Return on Invested Capital [ROIC] was 17.85% in FY2024 (+16.15 pp), 1.69% in FY2023 (-0.23 pp), 1.92% in FY2022 (-14.01 pp) and 15.93% in FY2021 (+6.22 pp).
- The Q2 2026 figure stands as the lowest quarterly Return on Invested Capital [ROIC] since Q4 2024.
- On a year-over-year basis, Return on Invested Capital [ROIC] increased in three of the last five quarters, with an average year-over-year change of +4.31 percentage points.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was Q1 2025, with a gain of 14.38 percentage points; the weakest was Q3 2022, with a drop of 15.12 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior quarters was 17.59% (Q1 2026), 21.62% (Q4 2025) and 22.32% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 102.06 Bn | 96.80 Bn | 2.26 Bn | 24.37% |
| 2 | Johnson Controls International | 94.64 Bn | 92.40 Bn | 2.47 Bn | 10.45% |
| 3 | Comfort Systems Usa | 60.88 Bn | 56.13 Bn | 844.23 Mn | 11.27% |
| 4 | Carrier Global | 45.43 Bn | 40.06 Bn | 1.94 Bn | 6.45% |
| 5 | Otis Worldwide | 24.39 Bn | 20.99 Bn | 1.14 Bn | 69.71% |
| 6 | James Hardie Industries | 14.50 Bn | 13.23 Bn | 548.70 Mn | 2.57% |
| 7 | Masco | 13.48 Bn | 11.58 Bn | 868.00 Mn | 33.91% |
| 8 | Allegion | 13.12 Bn | 11.83 Bn | 517.50 Mn | 17.94% |
| 9 | Carlisle Companies | 13.11 Bn | 9.46 Bn | 568.40 Mn | 17.39% |
| 10 | Smith Midland | 117.76 Mn | 68.62 Mn | 5.42 Mn | 12.80% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.80% |
| Mar 31, 2026 | 17.59% |
| Dec 31, 2025 | 21.62% |
| Sep 30, 2025 | 22.32% |
| Jun 30, 2025 | 24.41% |
| Mar 31, 2025 | 18.73% |
| Dec 31, 2024 | 12.76% |
| Mar 31, 2024 | 4.35% |
| Dec 31, 2023 | 1.69% |
| Sep 30, 2023 | 1.18% |
| Jun 30, 2023 | -1.97% |
| Mar 31, 2023 | 2.27% |
| Dec 31, 2022 | 1.83% |
| Sep 30, 2022 | 1.75% |
| Jun 30, 2022 | 4.62% |
| Mar 31, 2022 | 5.26% |
| Dec 31, 2021 | 14.32% |
| Sep 30, 2021 | 16.86% |
| Jun 30, 2021 | 18.24% |
| Mar 31, 2021 | 18.26% |
API Access
Smith Midland Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=SMID&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=SMID&period=max&api_key=YOUR_API_KEY");
const data = await res.json();