Smith-Midland Corporation (SMID) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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SMID Revenue Growth
Revenue Breakdown (FY 2020)
SMID's revenue distribution by segment and geography for fiscal year 2020
By Product/Segment
SMID Revenue Analysis (2013–2024)
As of May 7, 2026, Smith-Midland Corporation (SMID) generated trailing twelve-month (TTM) revenue of $88.9 million, reflecting moderate decline in growth of -9.0% year-over-year. The most recent quarter (Q3 2025) recorded $21.5 million in revenue, down 18.1% sequentially.
Looking at the longer-term picture, SMID's 5-year compound annual growth rate (CAGR) stands at +11.0%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $78.5 million in 2024, representing a new all-time high.
Revenue diversification analysis shows SMID's business is primarily driven by Shipping and Installation Revenue (100%). With over half of revenue concentrated in Shipping and Installation Revenue, the company maintains significant focus in this area while developing other growth vectors.
When compared to Basic Materials sector peers including USLM (+9.5% YoY), ARLO (+3.6% YoY), and CSTE (-10.4% YoY), SMID has underperformed the peer group in terms of 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 | -9.0% | +11.0% | 12.6% | |
 USLM | $373M | +9.5% | +18.3% | 42.4% | |
 ARLO | $529M | +3.6% | +8.2% | 1.1% | |
 CSTE | $397M | -10.4% | -4.0% | -12.9% | |
 VMC | $7.9B | +7.3% | +10.3% | 20.1% | |
 MLM | $6.5B | -1.3% | +6.7% | 23.3% |
SMID Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 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% |
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Start ComparisonSMID — Frequently Asked Questions
Quick answers to the most common questions about buying SMID stock.
Is SMID's revenue growth accelerating or slowing?
SMID revenue declined -9.0% year-over-year, contrasting with the 5-year CAGR of +11.0%. TTM revenue fell to $89M. This reverses the prior growth trend.
What is SMID's long-term revenue growth rate?
Smith-Midland Corporation's 5-year revenue CAGR of +11.0% reflects the variable expansion pattern. Current YoY growth of -9.0% is below this long-term average.
How is SMID's revenue distributed by segment?
SMID reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.