SMITH MIDLAND CORP Annual Operating Margin in % from 2017 to 2023

Taxonomy & unit
ratio: %
Description
The operating margin measures the profit a company makes on a dollar of sales after accounting for the direct costs involved in earning those revenues.
Summary
Smith Midland Corp quarterly/annual Operating Margin history and growth rate from 2017 to 2023.
  • Smith Midland Corp Operating Margin for the quarter ending June 30, 2024 was 9.1 %.
  • Smith Midland Corp annual Operating Margin for 2023 was 1.88 %, a 9.98% increase from 2022.
  • Smith Midland Corp annual Operating Margin for 2022 was 1.7 %, a 86% decline from 2021.
  • Smith Midland Corp annual Operating Margin for 2021 was 12.2 %, a 42.1% increase from 2020.
Operating Margin, Annual (%)
Operating Margin, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date
2023 1.88 +0.17 +9.98% Jan 1, 2023 Dec 31, 2023
2022 1.7 -10.5 -86% Jan 1, 2022 Dec 31, 2022
2021 12.2 +3.61 +42.1% Jan 1, 2021 Dec 31, 2021
2020 8.57 +3.12 +57.2% Jan 1, 2020 Dec 31, 2020
2019 5.45 -0.06 -1.09% Jan 1, 2019 Dec 31, 2019
2018 5.51 -3.4 -38.2% Jan 1, 2018 Dec 31, 2018
2017 8.91 Jan 1, 2017 Dec 31, 2017
* An asterisk sign (*) next to the value indicates that the value is likely invalid.