Smith-Midland Corporation (SMID) Revenue History
Annual and quarterly revenue from 1994 to present
SMID Revenue Over Time (1994–2025)
SMID Revenue Growth History
19 of 31 years with positive growth- FY1994 revenue growth
- N/A
- FY1995 revenue growth
- -8.2%
- FY1996 revenue growth
- +1.9%
- FY1997 revenue growth
- +5.2%
- FY1998 revenue growth
- +20.2%
- FY1999 revenue growth
- -0.0%
- FY2000 revenue growth
- +10.9%
- FY2001 revenue growth
- +62.5%
- FY2002 revenue growth
- -13.1%
- FY2003 revenue growth
- -19.6%
- FY2004 revenue growth
- +21.8%
- FY2005 revenue growth
- +7.6%
- FY2006 revenue growth
- +23.4%
- FY2007 revenue growth
- +7.4%
- FY2008 revenue growth
- -5.3%
- FY2009 revenue growth
- -1.1%
- FY2010 revenue growth
- +7.4%
- FY2011 revenue growth
- -15.8%
- FY2012 revenue growth
- -6.8%
- FY2013 revenue growth
- +11.3%
- FY2014 revenue growth
- -18.9%
- FY2015 revenue growth
- +30.0%
- FY2016 revenue growth
- +37.1%
- FY2017 revenue growth
- +4.2%
- FY2018 revenue growth
- -3.6%
- FY2019 revenue growth
- +16.1%
- FY2020 revenue growth
- -6.1%
- FY2021 revenue growth
- +15.5%
- FY2022 revenue growth
- -1.0%
- FY2023 revenue growth
- +18.8%
- FY2024 revenue growth
- +31.8%
- FY2025 revenue growth
- +19.0%
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $23.4M | -10.8% |
| Q1 2026 | $21.6M | -5.0% |
| Q4 2025 | $23.1M | +24.7% |
| Q3 2025 | $21.5M | -9.0% |
| Q2 2025 | $26.2M | +33.3% |
| Q1 2025 | $22.7M | +35.5% |
| Q4 2024 | $18.5M | +13.1% |
| Q3 2024 | $23.6M | +50.7% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2020)
SMID's revenue distribution by segment and geography for fiscal year 2020
By Product/Segment
SMID Revenue Analysis (1994–2025)
Current Revenue & Growth
As of November 8, 2026, Smith-Midland Corporation (SMID) generated trailing twelve-month (TTM) revenue of $89.5 million, reflecting significant decline in growth of -10.8% year-over-year. The most recent quarter (Q2 2026) recorded $23.4 million in revenue, up 8.3% sequentially.
Historical Growth Trajectory
SMID's 5-year compound annual growth rate (CAGR) stands at +16.3%, indicating consistent double-digit revenue growth. The 3-year CAGR of +23.1% exceeds the 5-year average, indicating an acceleration in the most recent period. Smith-Midland Corporation's highest annual revenue of $93.4 million was recorded in 2025, an all-time high.
Revenue by Segment
SMID's revenue is primarily driven by Shipping and Installation Revenue (100%). With over half of revenue concentrated in Shipping and Installation Revenue, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Basic Materials sector peers — including USLM (+4.5% YoY), ARLO (+17.1% YoY), and CSTE (-6.0% YoY) — SMID has underperformed the peer group in revenue growth. Compare SMID vs USLM →
SMID Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SMIDCurrent | $89M | -10.8% | +16.3% | 18.2% | |
 USLM | $373M | +4.5% | +18.3% | 42.4% | |
 ARLO | $529M | +17.1% | +8.2% | 1.1% | |
 CSTE | $397M | -6.0% | -4.0% | -12.9% | |
 VMC | $7.9B | +1.7% | +10.3% | 20.1% | |
 MLM | $6.5B | +8.6% | +6.7% | 23.3% |
SMID Historical Revenue Data (1994–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $93.4M | +19.0% | $26.0M | 27.9% | $17.0M | 18.2% |
| 2024 | $78.5M | +31.8% | $20.0M | 25.5% | $9.9M | 12.6% |
| 2023 | $59.6M | +18.8% | $10.7M | 17.9% | $1.1M | 1.9% |
| 2022 | $50.1M | -1.0% | $9.5M | 18.9% | $854K | 1.7% |
| 2021 | $50.6M | +15.5% | $14.4M | 28.5% | $6.2M | 12.2% |
| 2020 | $43.9M | -6.1% | $11.0M | 25.2% | $3.8M | 8.6% |
| 2019 | $46.7M | +16.1% | $10.0M | 21.4% | $2.5M | 5.5% |
| 2018 | $40.2M | -3.6% | $10.5M | 26.1% | $2.2M | 5.5% |
| 2017 | $41.7M | +4.2% | $11.6M | 27.8% | $3.7M | 8.9% |
| 2016 | $40.1M | +37.1% | $10.3M | 25.8% | $4.3M | 10.8% |
| 2015 | $29.2M | +30.0% | $7.1M | 24.3% | $1.7M | 5.7% |
| 2014 | $22.5M | -18.9% | $3.8M | 17.1% | $-1,194,936 | -5.3% |
| 2013 | $27.7M | +11.3% | $6.6M | 23.7% | $1.3M | 4.6% |
| 2012 | $24.9M | -6.8% | $5.4M | 21.9% | $688K | 2.8% |
| 2011 | $26.7M | -15.8% | $4.6M | 17.2% | $-364,836 | -1.4% |
SMID Chart Terminal
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Live Breakouts Feed
High-probability breakout stocks crossing their pivot across 5 pattern engines.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
32+ years return with dividends reinvested.
Peer Comparison
Compare growth, multiples, and margins vs sector.
SMID — Frequently Asked Questions
Quick answers to the most common questions about buying SMID stock.
Is SMID's revenue growth accelerating or slowing?
SMID revenue is declining -10.8% year-over-year. TTM revenue fell to $89M, contrasting with the 5-year CAGR of +16.3%. The reversal reflects either macro headwinds or company-specific challenges.
What is SMID's revenue history from 1994 to 2026?
Smith-Midland Corporation (SMID) revenue history spans 1994 to 2026. TTM revenue as of 2026 is $89M, growing at -10.8% YoY. The 5-year CAGR is +16.3%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is SMID's long-term revenue growth rate (CAGR)?
Smith-Midland Corporation's 5-year revenue CAGR of +16.3% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -10.8% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for SMID.
Why does SMID's quarterly revenue fluctuate?
SMID quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Smith-Midland Corporation's revenue data from 1994 to 2026 shows full historical quarterly detail on this page.
How is SMID's revenue distributed by segment?
SMID reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does SMID's revenue compare to industry peers?
Smith-Midland Corporation (SMID) with TTM revenue of $89M and -10.8% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.