A. O. Smith Corporation AOS SPX
A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels, office buildings, laundries, car washes, and small businesses; boilers for hospitals, schools, hotels, homes, apartments, and condominiums, and other large commercial buildings; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, and point-of-use carbon and reverse osmosis products for residences, restaurants, hotels, and offices. It also provides commercial water treatment and filtration products; expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, and related products and parts; and electric wall-hung, gas tankless, combi-boiler, and heat pump and solar water heaters. The company offers its products under the A. O. Smith, State, Lochinvar, Hague, Water-Right, Master Water, Atlantic Filter, Impact, and Water Tec brands. It distributes its products through independent wholesale plumbing distributors, as well as to retail channels consisting of hardware and home center chains, and manufacturer representative firms, as well as offers Aquasana branded products directly to consumers through e-commerce channels; and A. O. Smith branded water treatment products through dealer network and Amazon. A. O. Smith Corporation was founded in 1874 and is headquartered in Milwaukee, Wisconsin.
READ MORE ›Market & Price
Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Strong return on equity of 28.3%.
- Healthy ROCE of 32.0%.
- Profit CAGR of 32.3% over 5 years.
- Generates positive free cash flow.
CONS
- Trading 29.1% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | AOS A. O. Smith Corporation SPX | 56.72 | 15.13 | $7.82B | 2.50% | 31.95% | 28.27% | 0.67% | 32.33% |
| 2 | CAT Caterpillar Inc. SPX | 875.87 | 43.66 | $403.42B | 0.69% | 19.42% | 51.33% | 4.38% | 9.83% |
| 3 | GE GE Aerospace SPX | 323.76 | 40.17 | $338.27B | 0.58% | 11.89% | 45.43% | 16.32% | 195.89% |
| 4 | GEV GE Vernova Inc. SPXAI | 968.32 | 28.33 | $260.21B | 0.21% | 6.30% | 75.71% | 8.68% | 92.84% |
| 5 | RTX RTX Corporation SPX | 179.66 | 33.64 | $241.95B | 1.54% | 9.41% | 11.57% | 9.72% | 9.01% |
| 6 | UNP Union Pacific Corporation SPX | 262.64 | 21.60 | $155.93B | 2.10% | 16.19% | 40.69% | -0.49% | 0.66% |
| 7 | ETN Eaton Corporation plc SPXAI | 400.60 | 39.20 | $155.55B | 1.10% | 16.23% | 20.84% | 9.77% | 18.41% |
| 8 | HON Honeywell International Inc. NDXSPX | 237.86 | 38.00 | $150.72B | 2.00% | 13.57% | 24.26% | 1.82% | -1.62% |
| 9 | DE Deere & Company SPX | 542.18 | 30.67 | $146.45B | 1.20% | 12.82% | 18.35% | -4.50% | -11.00% |
Quarterly Results
Figures in USD.
| Metric | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | 740.00M | 738.20M | 749.90M | 768.60M | 788.00M | 833.30M | 754.10M | 812.50M | 748.20M | 765.40M | 728.20M | 750.90M | 636.90M | 663.90M | 760.00M | 834.50M | 769.00M | 859.80M | 914.60M | 977.70M | 965.90M | 874.20M | 966.40M | 960.80M | 937.50M | 978.80M | 1.02B | - | - | 963.90M | 1.01B | 942.50M | 912.50M | 945.60M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 588.50M | 614.20M | 578.00M | 562.10M | 579.90M |
| Gross Profit | 255.60M | 262.60M | 262.70M | 283.70M | 283.30M | 289.60M | 300.90M | 304.20M | 305.00M | 322.30M | 321.50M | 341.00M | 306.00M | 337.00M | 292.80M | 308.70M | 284.20M | 295.00M | 239.50M | 247.50M | 297.10M | 324.10M | 288.60M | 321.40M | 340.30M | 341.60M | 334.40M | 305.00M | 374.10M | 384.70M | 356.20M | 384.70M | 396.00M | - | - | 375.40M | 397.10M | 364.50M | 350.40M | 365.70M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 192.60M | 191.30M | 188.90M | 186.60M | 203.90M |
| Operating Income | 117.90M | - | 118.70M | 137.20M | 131.60M | - | 136.60M | 141.60M | 144.00M | - | 142.00M | 159.60M | 144.70M | - | 128.30M | 145.20M | 125.70M | - | 84.90M | 99.30M | 149.80M | - | 142.20M | 164.00M | 178.50M | 176.50M | 178.00M | 163.60M | 193.90M | 227.40M | 193.20M | 193.70M | 208.40M | - | - | 182.80M | 205.80M | 175.60M | 163.80M | 161.80M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 204.70M | 226.70M | 197.00M | 185.30M | 185.70M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.90M | 4.60M | 3.60M | 2.40M | 7.10M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 181.10M | 201.60M | 171.80M | 160.60M | 154.70M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 44.50M | 49.40M | 39.80M | 35.20M | 36.70M |
| Net Income | 73.60M | 79.80M | 73.50M | 87.10M | 83.20M | 82.70M | 87.70M | 92.40M | 93.70M | 22.70M | 98.80M | 114.50M | 104.60M | 126.30M | 89.30M | 102.10M | 87.30M | 91.30M | 51.70M | 67.80M | 105.40M | 120.00M | 97.70M | 118.20M | 131.60M | 119.80M | 126.20M | 109.80M | 126.90M | 157.00M | 135.40M | 147.60M | 156.20M | - | - | 136.60M | 152.20M | 132.00M | 125.40M | 118.00M |
| Diluted EPS | 0.41 | 0.45 | 0.41 | 0.49 | 0.47 | 0.47 | 0.50 | 0.53 | 0.54 | 0.13 | 0.57 | 0.66 | 0.61 | 0.74 | 0.53 | 0.61 | 0.53 | 0.56 | 0.32 | 0.42 | 0.65 | 0.74 | 0.60 | 0.73 | 0.82 | 0.76 | 0.81 | 0.71 | 0.84 | 1.04 | 0.90 | 1.00 | 1.06 | - | - | 0.95 | 1.07 | 0.94 | 0.90 | 0.85 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | 2.69B | 3.00B | 3.19B | 2.99B | 2.90B | 3.54B | 3.75B | 3.85B | 3.82B | 3.83B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.42B | 2.37B | 2.36B | 2.34B |
| Gross Profit | 374.10M | 394.90M | 446.00M | 512.60M | 652.00M | 773.80M | 859.30M | 1.01B | 1.11B | 1.23B | 1.31B | 1.18B | 1.11B | 1.31B | 1.33B | 1.48B | 1.46B | 1.49B |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 670.90M | 727.40M | 739.30M | 759.40M |
| Operating Income | - | - | 132.90M | 196.50M | 259.40M | 299.90M | 345.30M | 452.90M | 515.00M | 577.90M | 613.40M | 529.10M | 503.20M | 682.00M | 658.70M | 757.40M | 716.80M | 728.00M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 310.00M | 823.80M | 786.50M | 813.70M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 9.40M | 12.00M | 6.70M | 13.50M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 223.70M | 733.50M | 701.00M | 715.10M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -12.00M | 176.90M | 167.40M | 168.90M |
| Net Income | 21.70M | 81.30M | 111.70M | 305.70M | 158.70M | 169.70M | 207.80M | 282.90M | 326.50M | 296.50M | 444.20M | 370.00M | 344.90M | 487.10M | 235.70M | 556.60M | 533.60M | 546.20M |
| Diluted EPS | 1.53 | 2.36 | 2.42 | 3.28 | 1.71 | 1.83 | 1.14 | 1.58 | 1.85 | 1.70 | 2.58 | 2.22 | 2.12 | 3.02 | 1.51 | 3.69 | 3.63 | 3.85 |
| R&D Expense | - | 31.00M | 37.10M | 42.70M | 51.70M | 57.80M | 67.90M | 73.70M | 80.10M | 86.40M | 94.00M | 87.90M | 80.70M | 94.20M | 89.00M | 97.50M | 101.70M | 95.00M |
Compounded Sales Growth
| 5 Years: | 0.67% |
| 1 Year: | -1.90% |
Compounded Profit Growth
| 5 Years: | 32.33% |
| 1 Year: | -10.50% |
Stock Price Performance
| 1 Year: | -9.95% |
| 6 Months: | -12.36% |
| 3 Months: | -26.87% |
| 1 Month: | -10.42% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 1.97B | 2.11B | 2.35B | 2.28B | 2.39B | 2.50B | 2.63B | 2.89B | 3.20B | 3.07B | 3.06B | 3.16B | - | 3.33B | 3.21B | 3.24B | 3.14B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.63B | 1.50B | 1.39B | 1.29B |
| Cash & Equivalents | 55.00M | 35.30M | 76.30M | 118.90M | 463.40M | 266.90M | 380.70M | 319.40M | 323.60M | 330.40M | 346.60M | 259.70M | 374.00M | 573.10M | - | 391.20M | 339.90M | 239.60M | 174.50M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 516.40M | 497.40M | 532.10M | 479.30M |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 581.20M | 596.00M | 541.40M | 582.30M |
| Total Liabilities | - | - | 1.18B | 1.23B | 1.26B | 1.08B | 1.06B | 1.13B | 1.19B | 1.38B | 1.55B | 1.35B | 1.39B | 1.31B | - | 1.58B | 1.37B | 1.36B | 1.28B |
| Current Liabilities | - | - | 491.30M | 536.80M | 512.30M | 506.30M | 590.90M | 605.20M | 653.20M | 765.60M | 793.80M | 785.30M | 766.50M | 886.30M | - | 934.20M | 945.30M | 897.20M | 862.50M |
| Long Term Debt | - | - | 232.10M | 242.40M | 443.00M | 225.10M | 177.70M | 210.10M | 236.10M | 316.40M | 402.90M | 221.40M | 277.20M | 106.40M | - | 334.50M | 117.30M | 183.20M | 112.70M |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 366.90M | 155.20M | 216.70M | 192.10M |
| Total Equity | - | - | - | - | - | - | 1.33B | 1.38B | 1.44B | 1.51B | 1.64B | 1.72B | 1.67B | 1.85B | - | 1.75B | 1.84B | 1.88B | 1.86B |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 190.58M | 190.58M | 190.58M | 190.58M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 101.00M | 262.90M | 124.80M | 58.70M | 143.80M | 279.60M | 264.00M | 351.70M | 446.60M | 326.40M | 448.90M | 456.20M | 562.10M | 641.10M | 391.40M | 670.30M | 581.80M | 616.80M |
| Investing Cash Flow | -53.70M | -117.00M | -66.50M | 125.60M | -86.80M | -8.20M | - | - | -300.20M | -158.10M | -12.70M | 33.90M | 11.80M | -349.90M | 8.10M | -24.10M | -267.10M | -53.00M |
| Financing Cash Flow | -67.00M | -104.90M | -15.70M | 160.20M | -253.50M | -157.60M | - | - | -139.60M | -152.10M | -523.10M | -375.80M | -374.80M | -421.00M | -430.80M | -684.70M | -408.40M | -633.10M |
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -70.30M | -72.60M | -108.00M | -70.80M |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 321.10M | 597.70M | 473.80M | 546.00M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -31.30M | -38.50M | -93.70M | -69.30M |
| Share Buybacks | - | - | - | 23.50M | 22.00M | 73.70M | 103.80M | 128.10M | 135.20M | 139.10M | 202.60M | 287.70M | 56.70M | 366.50M | 403.50M | 306.50M | 305.80M | 400.80M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | 41.5% | 41.1% | 41.0% | 39.5% | 38.3% | 37.0% | 35.4% | 38.5% | 38.1% | 38.8% |
| Operating Margin % | - | - | - | - | - | - | - | - | 19.2% | 19.3% | 19.2% | 17.7% | 17.4% | 19.3% | 17.5% | 19.7% | 18.8% | 19.0% |
| Net Margin % | - | - | - | - | - | - | - | - | 12.2% | 9.9% | 13.9% | 12.4% | 11.9% | 13.8% | 6.3% | 14.4% | 14.0% | 14.3% |
| ROE % | - | - | - | - | - | 12.8% | 15.0% | 19.6% | 21.6% | 18.0% | 25.9% | 22.2% | 18.7% | - | 13.5% | 30.2% | 28.3% | 29.4% |
| ROCE % | - | - | 8.4% | 10.7% | 14.6% | 16.7% | 18.2% | 22.9% | 24.2% | 24.0% | 26.8% | 23.1% | 22.1% | - | 27.5% | 33.4% | 30.6% | 31.9% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | FMR, LLC | 7.08% | 7.93M | $449.82M |
| 2 | Blackrock Inc. | 6.57% | 7.36M | $417.30M |
| 3 | Vanguard Capital Management LLC | 6.55% | 7.33M | $415.95M |
| 4 | Vanguard Portfolio Management LLC | 6.34% | 7.10M | $402.67M |
| 5 | State Street Corporation | 5.14% | 5.76M | $326.65M |
| 6 | Invesco Ltd. | 4.22% | 4.73M | $268.25M |
| 7 | Impax Asset Management Group plc | 3.82% | 4.28M | $242.66M |
| 8 | American Century Companies Inc | 3.76% | 4.22M | $239.09M |
| 9 | Geode Capital Management, LLC | 3.52% | 3.94M | $223.43M |
| 10 | Morgan Stanley | 3.20% | 3.58M | $203.06M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for AOS