Company / Cost of Revenue
SMITH MIDLAND CORP Cost of Revenue History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cost of Revenue
$58.5M
FY2025
5-year range
$32.8M / $58.5M
FY2021-FY2025
Trend
+19.6%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Cost of Revenue has increased for 4 consecutive years, from $33M in FY2021 to $58M in FY2025.
Based on SEC 10-K filings.
$58M in FY2025 with a 5-year CAGR of +9.8%.
Increased from $41M to $58M over the past 2 years.
Cost of Revenue over time
Growth rates
- 3-Year CAGR
- +17.3%
- 5-Year CAGR
- +9.8%
- 10-Year CAGR
- -
Key checks
Key Insights
- SMITH MIDLAND CORP's cost of revenue has grown for 4 consecutive years.
- 5-year CAGR of +9.8%, indicating consistent growth.
- In FY2025, cost of revenue increased 19.6% year-over-year.
- Lowest cost of revenue in the period was in FY2016.
Company context
Key Data Points
- Low earnings quality (accrual-heavy earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $58.5M | +19.6% |
| FY2024 | $48.9M | +20.3% |
| FY2023 | $40.7M | +12.3% |
| FY2022 | $36.2M | +10.4% |
| FY2021 | $32.8M | -10.6% |
| FY2020 | $36.7M | +23.5% |
| FY2019 | $29.7M | -1.7% |
| FY2018 | $30.3M | +1.9% |
| FY2017 | $29.7M | +34.4% |
| FY2016 | $22.1M | +18.6% |
As of FY2025 · SEC 10-K · Updated Jun 28, 2026