Smith Midland (SMID) Tax Rate (2011 - 2026)
Smith Midland's Tax Rate came in at 23.91% for Q2 2026, unchanged from 23.91% a year earlier and down 0.05 percentage points from the prior quarter.
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Analysis
Smith Midland (SMID) Tax Rate (2011 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Smith Midland reported Tax Rate of 28.27%, up 5.83 percentage points year-over-year; for FY2025, it came in at 26.55%, up 4.72 percentage points from FY2024.
- Tax Rate carries a five-year change of -3.17 percentage points (FY2020 to FY2025).
- Going back by year, Tax Rate was 21.83% in FY2024 (-18.08 pp), 39.91% in FY2023 (+24.57 pp), 15.34% in FY2022 (-1.41 pp) and 16.76% in FY2021 (-12.96 pp).
- The Q2 2026 figure represents the lowest quarterly Tax Rate since Q1 2025.
- Year-over-year, Tax Rate increased in four of the last seven quarters, with an average year-over-year change of -2.29 percentage points.
- The fastest year-over-year change in Tax Rate over five years came in Q3 2022 (a gain of 160.74 percentage points), and the weakest in Q3 2023 (a drop of 155.10 percentage points).
- Business Quant data shows SMID's Tax Rate at 23.96% (Q1 2026), 35.93% (Q4 2025) and 25.68% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.46 Bn | 94.20 Bn | 2.26 Bn | 18.76% |
| 2 | Johnson Controls International | 90.06 Bn | 87.82 Bn | 2.47 Bn | 17.99% |
| 3 | Comfort Systems Usa | 58.26 Bn | 53.51 Bn | 844.23 Mn | 22.01% |
| 4 | Carrier Global | 45.22 Bn | 39.85 Bn | 1.94 Bn | 24.97% |
| 5 | Otis Worldwide | 24.48 Bn | 21.09 Bn | 1.14 Bn | 17.92% |
| 6 | James Hardie Industries | 14.69 Bn | 13.43 Bn | 548.70 Mn | 33.69% |
| 7 | Masco | 13.29 Bn | 11.40 Bn | 868.00 Mn | 24.32% |
| 8 | Allegion | 13.08 Bn | 11.79 Bn | 517.50 Mn | 19.00% |
| 9 | Carlisle Companies | 12.82 Bn | 9.17 Bn | 568.40 Mn | 22.77% |
| 10 | Smith Midland | 121.00 Mn | 71.86 Mn | 5.42 Mn | 23.91% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.91% |
| Mar 31, 2026 | 23.96% |
| Dec 31, 2025 | 35.93% |
| Sep 30, 2025 | 25.68% |
| Jun 30, 2025 | 23.91% |
| Mar 31, 2025 | 23.46% |
| Dec 31, 2024 | 24.77% |
| Sep 30, 2024 | 18.05% |
| Mar 31, 2024 | 23.74% |
| Dec 31, 2023 | 61.54% |
| Sep 30, 2023 | 16.33% |
| Mar 31, 2023 | 22.33% |
| Jun 30, 2022 | 25.23% |
| Sep 30, 2021 | 10.69% |
| Jun 30, 2021 | 24.98% |
| Mar 31, 2021 | 24.71% |
| Dec 31, 2020 | 43.05% |
| Sep 30, 2020 | 23.24% |
| Jun 30, 2020 | 22.77% |
| Dec 31, 2019 | 19.96% |
API Access
Smith Midland Tax Rate 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=tax-rate&ticker=SMID&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=SMID&period=max&api_key=YOUR_API_KEY");
const data = await res.json();