A. O. Smith Corporation logo

A. O. Smith Corporation

AOS

NYSEIndustrialsIndustrial - Machinery

Latest quote

$62.98

−$0.11 · -0.17%

Aug 24, 10:29 AM ET

AOS company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

91

Deep Value

Momentum

37

Weakening

Sentiment

74

Bullish

Risk resilience

62

Moderate Risk

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Company profile

Company website

A. O. Smith Corporation (AOS) is a global manufacturer and marketer specializing in a comprehensive array of water heating and treatment solutions. Its operations span North America, China, Europe, and India, organized into two primary geographic segments: North America and Rest of World. The company's product portfolio is extensive, featuring residential and commercial water heaters (gas, heat pump, and electric models), boilers, storage tanks, and various water treatment systems. These products cater to a wide range of applications, including homes, apartments, and condominiums, as well as commercial entities such as restaurants, hotels, office buildings, laundries, car washes, small businesses, hospitals, and schools. Specific offerings include diverse water treatment products like point-of-entry water softeners, well water purification systems, whole-home filtration units, portable filtration bottles, point-of-use carbon filters, and reverse osmosis systems, designed for residential, restaurant, hotel, and office use. A. O. Smith also supplies food and beverage filtration products, expansion tanks, commercial solar water heating installations, and heaters for swimming pools and spas, along with associated components. Advanced heating solutions further encompass heat pumps, electric wall-hung units, gas tankless heaters, combi-boilers, and integrated heat pump and solar water heaters. Products are primarily sold under established brands such as A. O. Smith, State, and Lochinvar, in addition to specialized water softener brands. The company leverages various distribution channels, including independent wholesale plumbing distributors, retail outlets like hardware and home center chains, and manufacturer representative firms. Its Aquasana-branded products are sold directly to consumers through e-commerce platforms and other online retailers. Founded in 1874, A. O. Smith Corporation maintains its corporate headquarters in Milwaukee, Wisconsin.

Industry
Industrial - Machinery
Sector
Industrials
Headquarters
US
CEO
Stephen Shafer
Listed since
Sep 30, 1983
Employees
11,500

Market position

Volume
116.4K
0.07× average
Average volume
1.73M
Average daily volume
Market cap
8.73B USD
Beta
1.16
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
9.38B USD
P/E (TTM)
17.54×
P/B (TTM)
4.74×
P/S (TTM)
2.29×
EV / EBITDA
11.84×
Earnings yield
5.84%
Free cash flow yield
5.83%
Dividend yield
2.29%

Profitability & efficiency

Gross margin
38.59%
Operating margin
17.57%
Net margin
13.15%
Return on equity
29.40%
Return on assets
17.38%
Return on invested capital
23.94%

Financial health

Debt / equity
0.37×
Current ratio
1.5×
Altman Z-score
6.3
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends42%29%16%3%Gross margin, FY2021: 37.04%Gross margin, FY2022: 35.42%Gross margin, FY2023: 38.54%Gross margin, FY2024: 38.14%Gross margin, FY2025: 38.83%Operating margin, FY2021: 17.22%Operating margin, FY2022: 17.55%Operating margin, FY2023: 19.66%Operating margin, FY2024: 18.77%Operating margin, FY2025: 19.01%Net margin, FY2021: 13.76%Net margin, FY2022: 6.28%Net margin, FY2023: 14.45%Net margin, FY2024: 13.98%Net margin, FY2025: 14.26%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 37.04%. Gross margin FY2022 35.42%. Gross margin FY2023 38.54%. Gross margin FY2024 38.14%. Gross margin FY2025 38.83%. Operating margin FY2021 17.22%. Operating margin FY2022 17.55%. Operating margin FY2023 19.66%. Operating margin FY2024 18.77%. Operating margin FY2025 19.01%. Net margin FY2021 13.76%. Net margin FY2022 6.28%. Net margin FY2023 14.45%. Net margin FY2024 13.98%. Net margin FY2025 14.26%.

Income trends

Revenue

3.83B USD+0.32%

Operating income

728M USD+1.56%

Net income

546.2M USD+2.36%
Income trends across reported periods4.21B USD2.77B USD1.32B USD−126.01M USDRevenue, FY2021: 3.54B USDRevenue, FY2022: 3.75B USDRevenue, FY2023: 3.85B USDRevenue, FY2024: 3.82B USDRevenue, FY2025: 3.83B USDOperating income, FY2021: 609.5M USDOperating income, FY2022: 658.7M USDOperating income, FY2023: 757.4M USDOperating income, FY2024: 716.8M USDOperating income, FY2025: 728M USDNet income, FY2021: 487.1M USDNet income, FY2022: 235.7M USDNet income, FY2023: 556.6M USDNet income, FY2024: 533.6M USDNet income, FY2025: 546.2M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 3.54B USD. Revenue FY2022 3.75B USD. Revenue FY2023 3.85B USD. Revenue FY2024 3.82B USD. Revenue FY2025 3.83B USD. Operating income FY2021 609.5M USD. Operating income FY2022 658.7M USD. Operating income FY2023 757.4M USD. Operating income FY2024 716.8M USD. Operating income FY2025 728M USD. Net income FY2021 487.1M USD. Net income FY2022 235.7M USD. Net income FY2023 556.6M USD. Net income FY2024 533.6M USD. Net income FY2025 546.2M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue3.83B USD3.82B USD3.85B USD3.75B USD3.54B USD
Cost of goods sold2.34B USD2.36B USD2.37B USD2.42B USD2.23B USD
Gross profit1.49B USD1.46B USD1.48B USD1.33B USD1.31B USD
Research and development101.7M USD97.5M USD89M USD94.2M USD
Selling, general, and administrative759.4M USD757.4M USD727.4M USD670.9M USD701.4M USD
Operating expenses759.4M USD739.3M USD727.4M USD670.9M USD701.4M USD
Interest expense13.5M USD6.7M USD12M USD9.4M USD4.3M USD
Depreciation and amortization62.8M USD78.8M USD78.3M USD76.9M USD77.9M USD
Operating income728M USD716.8M USD757.4M USD658.7M USD609.5M USD
Net income546.2M USD533.6M USD556.6M USD235.7M USD487.1M USD

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
3.86
FY2025 · +6.34% year over year
Latest fiscal-year revenue
3.83B USD
FY2025 · +0.32% year over year

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend4.13.162.221.28FY21FY22FY23FY24FY25

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend3.88B3.76B3.63B3.51BFY21FY22FY23FY24FY25

AOS peers

ETFs holding AOS

Funds reporting this stock among their holdings, ordered by reported position size.

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