A.O. Smith
AOS
55.34
-1.56
-2.74%
A.O. Smith
US · AOS
#1701 by market cap
Listed 1970
55.34
-1.56
-2.74%
Live - 5344 symbols - heartbeat 3s ago
· 2026-10-08 07:00
Pre-market
55.08
-0.46%
After-hours
55.34
0.00%
- Market cap
- 7.52B
- P/E (TTM)i
- 15.42
- P/Bi
- 4.08
- EPSi
- 3.85
- Div yieldi
- 2.57%
- 52W posi
- 6%
Reader sentiment
Are you bullish or bearish on AOS?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 7.42, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +0.32% YoY
Margins
- Gross margin
- 38.83%
- Operating margin
- 19.01%
- Net margin
- 14.26%
Key ratios & quality
- Enterprise valuei
- 7.48B
- PEG ratioi
- 0.48
- Altman Z-Scorei
- 7.42
PEG uses trailing P/E against the 3-year net income growth rate (32.33%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.19B | 2.99B | 2.90B | 3.54B | 3.75B | 3.85B | 3.82B | 3.83B |
| Gross profit | 1.31B | 1.18B | 1.11B | 1.31B | 1.33B | 1.48B | 1.46B | 1.49B |
| Selling & admin expenses | 753.80M | 715.60M | 660.30M | 701.40M | 670.90M | 727.40M | 739.30M | 759.40M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 551.70M | 465.10M | 447.90M | 609.50M | 658.70M | 757.40M | 716.80M | 728.00M |
| Pretax profit | 557.80M | 472.10M | 443.90M | 625.60M | 223.70M | 733.50M | 701.00M | 715.10M |
| Tax | 113.60M | 102.10M | 99.00M | 138.50M | -12.00M | 176.90M | 167.40M | 168.90M |
| Net profit | 444.20M | 370.00M | 344.90M | 487.10M | 235.70M | 556.60M | 533.60M | 546.20M |
| Basic EPS | 3 | 2 | 2 | 3 | 2 | 4 | 4 | 4 |
| Diluted EPS | 2.58 | 2.22 | 2.12 | 3.02 | 1.51 | 3.69 | 3.63 | 3.85 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 963.90M | 1.01B | 942.50M | 912.50M | 945.60M | 1.00B |
| Gross profit | 375.40M | 397.10M | 364.50M | 350.40M | 365.70M | 387.80M |
| Selling & admin expenses | 192.60M | 191.30M | 188.90M | 186.60M | 203.90M | 197.70M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 182.80M | 205.80M | 175.60M | 163.80M | 161.80M | 190.10M |
| Pretax profit | 181.10M | 201.60M | 171.80M | 160.60M | 154.70M | 158.00M |
| Tax | 44.50M | 49.40M | 39.80M | 35.20M | 36.70M | 33.10M |
| Net profit | 136.60M | 152.20M | 132.00M | 125.40M | 118.00M | 124.90M |
| Basic EPS | 1 | 1 | 1 | 1 | 1 | 1 |
| Diluted EPS | 0.95 | 1.07 | 0.94 | 0.90 | 0.85 | 0.91 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 1.64B | 1.50B | 1.62B | 1.75B | 1.63B | 1.50B | 1.39B | 1.29B |
| Cash & ST investments | 645.00M | 551.40M | 689.60M | 631.40M | 481.80M | 363.40M | 276.10M | 193.20M |
| Inventory | 304.70M | 303.00M | 300.10M | 447.70M | 516.40M | 497.40M | 532.10M | 479.30M |
| Total assets | 3.07B | 3.06B | 3.16B | 3.47B | 3.33B | 3.21B | 3.24B | 3.14B |
| Total current liabilities | 785.30M | 766.50M | 886.30M | 1.12B | 934.20M | 945.30M | 897.20M | 862.50M |
| Short-term debt | -- | 6.80M | 6.80M | 6.80M | 10.00M | 10.00M | 10.00M | 42.30M |
| Long-term debt | 221.40M | 277.20M | 106.40M | 189.90M | 334.50M | 117.30M | 183.20M | 112.70M |
| Total liabilities | 1,354,500,000.00 | 1,391,200,000.00 | 1,312,400,000.00 | 1,642,200,000.00 | 1,584,600,000.00 | 1,369,500,000.00 | 1,356,500,000.00 | 1,284,800,000.00 |
| Total equity | 1.72B | 1.67B | 1.85B | 1.83B | 1.75B | 1.84B | 1.88B | 1.86B |
| Retained earnings | 2.10B | 2.32B | 2.51B | 2.83B | 2.89B | 3.26B | 3.60B | 3.95B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 1.42B | 1.39B | 1.32B | 1.29B | 1.37B | 1.39B |
| Cash & ST investments | 200.20M | 177.90M | 172.80M | 193.20M | 203.90M | 181.30M |
| Inventory | 532.60M | 519.30M | 507.30M | 479.30M | 488.50M | 482.70M |
| Total assets | 3.27B | 3.25B | 3.17B | 3.14B | 3.65B | 3.64B |
| Total current liabilities | 882.10M | 843.00M | 852.50M | 862.50M | 878.10M | 871.70M |
| Short-term debt | 10.00M | 19.20M | 19.00M | 42.30M | 41.60M | 39.50M |
| Long-term debt | 259.80M | 284.20M | 166.80M | 112.70M | 574.20M | 598.00M |
| Total liabilities | 1,412,600,000.00 | 1,400,800,000.00 | 1,326,200,000.00 | 1,284,800,000.00 | 1,772,400,000.00 | 1,802,600,000.00 |
| Total equity | 1.86B | 1.85B | 1.84B | 1.86B | 1.88B | 1.84B |
| Retained earnings | 3.69B | 3.79B | 3.88B | 3.95B | 4.02B | 4.09B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 448.90M | 456.20M | 562.10M | 641.10M | 391.40M | 670.30M | 581.80M | 616.80M |
| Depreciation & amortization | 71.90M | 78.30M | 80.00M | 77.90M | 76.90M | 78.30M | 78.80M | 85.10M |
| Free cash flow | 363.70M | 391.80M | 505.30M | 566.00M | 321.10M | 597.70M | 473.80M | 546.00M |
| Dividends paid | -130.10M | -149.20M | -158.70M | -170.10M | -177.20M | -183.50M | -190.40M | -195.70M |
| Stock buybacks / issuance | -202.60M | -287.70M | -56.70M | -366.50M | -403.50M | -306.50M | -305.80M | -400.80M |
| Ending cash balance | 259.70M | 374.00M | 573.10M | 443.30M | 391.20M | 339.90M | 239.60M | 174.50M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 38.70M | 139.60M | 255.40M | 183.10M | 129.40M | 124.40M |
| Depreciation & amortization | 20.70M | 20.50M | 21.60M | 22.30M | 23.90M | 24.60M |
| Free cash flow | 17.40M | 122.50M | 240.60M | 165.50M | 118.90M | 114.40M |
| Dividends paid | -49.20M | -48.30M | -47.60M | -50.60M | -50.20M | -49.60M |
| Stock buybacks / issuance | -120.60M | -130.70M | -84.10M | -65.40M | -51.30M | -111.10M |
| Ending cash balance | 173.00M | 177.90M | 152.70M | 174.50M | 185.20M | 181.30M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 26.39 | 21.87 | 19.62 | 26.47 | 13.17 | 30.99 | 28.63 | 29.20 |
| ROA %i | 14.17 | 12.07 | 11.09 | 14.68 | 6.93 | 17.01 | 16.54 | 17.11 |
| ROIC %i | 22.60 | 19.25 | 17.59 | 24.24 | 11.67 | 27.50 | 26.28 | 26.82 |
| 5-year avg ROE %i | 20.53 | 21.84 | 21.75 | 22.63 | 21.51 | 22.42 | 23.78 | 25.69 |
| EBIT margin %i | 17.76 | 16.14 | 15.58 | 17.80 | 6.21 | 19.35 | 18.54 | 19.02 |
| FCF / sales %i | 11.41 | 13.09 | 17.45 | 15.99 | 8.55 | 15.51 | 12.41 | 14.26 |
| Current ratioi | 2.09 | 1.96 | 1.83 | 1.57 | 1.75 | 1.59 | 1.55 | 1.50 |
| Quick ratioi | 1.65 | 1.49 | 1.44 | 1.13 | 1.14 | 1.01 | 0.91 | 0.90 |
| Debt / assetsi | 7.21 | 10.55 | 4.67 | 6.30 | 11.01 | 4.83 | 6.69 | 6.11 |
| LT debt / equityi | 12.89 | 18.95 | 7.62 | 11.58 | 20.42 | 7.87 | 10.97 | 8.06 |
| Interest coveragei | 67.40 | 43.92 | 61.81 | 146.49 | 24.80 | 62.13 | 105.63 | 53.97 |
| Revenue CAGR (3Y) %i | 7.92 | 3.67 | -1.14 | 3.54 | 7.85 | 9.99 | 2.56 | 0.67 |
| Net income CAGR (3Y) %i | 16.23 | 4.26 | 5.17 | 3.12 | -13.96 | 17.30 | 3.09 | 32.33 |
| FCF CAGR (3Y) %i | 9.24 | 2.31 | 29.59 | 15.88 | -6.42 | 5.76 | -5.75 | 19.36 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 27.97 | 27.60 | 28.21 | 29.20 | 28.27 | 27.13 |
| ROA %i | 16.20 | 16.09 | 16.78 | 17.11 | 15.25 | 14.52 |
| ROIC %i | 25.33 | 24.79 | 26.21 | 26.82 | 23.10 | 22.01 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 18.35 | 18.36 | 18.62 | 19.02 | 18.53 | 17.51 |
| FCF / sales %i | 10.69 | 13.05 | 14.93 | 14.26 | 16.99 | 16.80 |
| Current ratioi | 1.61 | 1.65 | 1.54 | 1.50 | 1.56 | 1.59 |
| Quick ratioi | 0.95 | 0.97 | 0.89 | 0.90 | 0.95 | 0.98 |
| Debt / assetsi | 9.03 | 10.21 | 6.98 | 6.11 | 17.98 | 18.57 |
| LT debt / equityi | 15.36 | 16.92 | 10.97 | 8.06 | 32.74 | 34.59 |
| Interest coveragei | 81.16 | 61.04 | 52.82 | 53.97 | 39.91 | 31.43 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Lead segment, long tail
- Water heaters and related parts is the largest reported line at 65.36% of revenue, across 6 reported segments.
- China follows at 15.17%, so the top line still matters most but isn’t the whole story.
Revenue breakdown most recent period
Business
Water heaters and related parts65.36%
China15.17%
Boilers, related parts, and components10.13%
Water treatment products and related parts6.21%
All other Rest of World4.23%
Quote time 2026-10-08 07:00:09 · For reference only, not investment advice and not tailored to your situation.