Service Revenue was Smith Midland’s largest revenue line in fiscal 2025, bringing in $41.00M of $55.64M (74%).
| Contract With Customer Sales Channel Axis | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Service Revenue | $19.81M | $18.20M | — | $41.00M | |||||
| Product Sales | $6.72M | $7.83M | $11.83M | $14.64M | |||||
| Shipping & Installation Revenue | — | — | — | — | |||||
| Shipping & Installation | — | — | — | — | |||||
| Barrier Rentals | — | — | — | — | |||||
| Royalty Income | — | — | — | — | |||||
| Royalties | — | — | — | — | |||||
| Total | $26.53M | $26.03M | $11.83M | $55.64M |
Smith Midland brought in $55.64M from its two revenue lines in fiscal 2025, the year ended December 31, 2025. Smith Midland regrouped these revenue lines after fiscal 2024, so the total does not compare directly with that year's $11.83M. Service Revenue was the largest at $41.00M (73.7%), ahead of Product Sales at $14.64M (26.3%).
From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $26.53M to $55.64M, a compound annual growth rate of 28.0%. Service Revenue's share of the total fell from 74.7% to 73.7%.
Soundwall Sales was Smith Midland’s largest revenue line in fiscal 2024, bringing in $11.83M of $45.62M (26%).
| Contract With Customer Sales Channel | FY 2017 | FY 2018 | FY 2019 | FY 2024 |
|---|---|---|---|---|
| Soundwall Sales | $11.83M | |||
| Shipping & Installation Revenue | — | |||
| Shipping & Installation | — | |||
| Barrier Sales | $3.88M | |||
| Easi-Set & Easi-Span Building Sales | $6.67M | |||
| Slenderwall Sales | — | |||
| Utility Sales | $7.75M | |||
| Utility & Farm Product Sales | — | |||
| Miscellaneous Wall Sales | $5.10M | |||
| Barrier Rentals | — | |||
| Miscellaneous Sales | $6.19M | |||
| Miscellaneous Product Sales | — | |||
| Architectural Sales | $4.21M | |||
| Royalty Income | — | |||
| Royalties | — | |||
| Total | $45.62M |
Smith Midland brought in $45.62M from its seven revenue lines in fiscal 2024, the year ended December 31, 2024. Soundwall Sales was the largest at $11.83M (25.9%), ahead of Utility Sales at $7.75M (17.0%) and Easi-Set & Easi-Span Building Sales at $6.67M (14.6%). The other four revenue lines brought in $19.38M combined.
Smith Midland (SMID) reports its revenue by contract with customer sales channel axis and by contract with customer sales channel. In fiscal 2025, Service Revenue was its largest revenue line, bringing in $41.00M (73.7% of the total), followed by Product Sales at $14.64M (26.3%).
Service Revenue was Smith Midland's largest revenue line in fiscal 2025, bringing in $41.00M, or 73.7% of the $55.64M total across its two revenue lines.
Every figure comes from Smith Midland's annual financial filings, as reported. Each line keeps the name Smith Midland gives it, and years follow its fiscal calendar.
Smith Midland's revenue by contract with customer sales channel axis goes back to fiscal 2017, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.