A. O. Smith Corporation
AOS Industrials Specialty Industrial Machinery
A. O. Smith Corporation’s revenue for fiscal 2025 (year ended December 2025) was $3.8 billion, roughly unchanged from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS fell 15.0%, free cash flow fell 6.61% and total debt rose 110.1%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.
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A. O. Smith Corporation (AOS) Gross margin
A. O. Smith Corporation's gross margin over the twelve months to 30 June 2026 was 38.6%, down 0.2 percentage points from fiscal 2025 (38.8%). Over the past ten years it has ranged from 35.4% (fiscal 2022) to 41.5% (fiscal 2016); the current reading is higher than 55% of that period. That is above the Specialty Industrial Machinery industry median of 35.9% and above the Industrials sector median of 30.5%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 38.8% | 0.69 |
| FY2024 | 38.1% | (0.40) |
| FY2023 | 38.5% | 3.12 |
| FY2022 | 35.4% | (1.62) |
| FY2021 | 37.0% | (1.24) |
| FY2020 | 38.3% | (1.17) |
| FY2019 | 39.5% | (1.50) |
| FY2018 | 41.0% | (0.18) |
| FY2017 | 41.1% | (0.35) |
| FY2016 | 41.5% | 1.67 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 38.6% | (0.06) |
| Mar 2026 | 38.7% | 0.27 |
| Dec 2025 | 38.4% | (0.27) |
| Sep 2025 | 38.7% | (0.60) |
| 42 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| WTS Watts Water Technologies, Inc. compare | 48.9% |
| NPO Enpro Inc. compare | 42.8% |
| PNR Pentair plc compare | 41.4% |
| GTES Gates Industrial Corporation PLC compare | 39.7% |
| GNRC Generac Holdings Inc. compare | 39.5% |
| AOS A. O. Smith Corporation | 38.6% |
| RRX Regal Rexnord Corporation compare | 37.8% |
| DCI Donaldson Company, Inc. compare | 34.6% |
| FLS Flowserve Corporation compare | 33.9% |
| Specialty Industrial Machinery industry median | 35.9% |
| Industrials sector median | 30.5% |
| Market median | 46.2% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on AOS
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement