Company / Gross Margin
SMITH MIDLAND CORP Gross Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
25.5%
FY2025
5-year range
17.9% / 28.5%
FY2021-FY2025
Trend
+42.6%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Gross Margin returned to growth in FY2025 after 2 years of decline, reaching 25.5%.
Based on SEC 10-K filings.
25.5% in FY2025 with a 5-year CAGR of +4.1%.
Improved from 18.9% to 25.5% over the past 2 years.
Gross Margin over time
Growth rates
- 3-Year Change
- -3.0pp
- 5-Year Change
- +4.1pp
- 10-Year Change
- -
Key checks
Key Insights
- In FY2025, gross margin increased 42.6% year-over-year.
- Peak gross margin was recorded in FY2022.
- Lowest gross margin in the period was in FY2024.
Company context
Key Data Points
- Low earnings quality (accrual-heavy earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 25.5% | +42.6% |
| FY2024 | 17.9% | -5.3% |
| FY2023 | 18.9% | -33.6% |
| FY2022 | 28.5% | +13.1% |
| FY2021 | 25.2% | +17.9% |
| FY2020 | 21.3% | -18.1% |
| FY2019 | 26.1% | -5.1% |
| FY2018 | 27.5% | +6.3% |
| FY2017 | 25.8% | +6.1% |
| FY2016 | 24.3% | +42.3% |
As of FY2025 · SEC 10-K · Updated Jun 28, 2026