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.

59.22 0.25 −0.42%
Market cap
$8.1B
P/E
16.5×
Fwd P/E
15.3×
Dividend yield
3.07%
F-score
8/9
Altman Z
8.31
Beneish M
−2.50
Dividend safety
93/100

A. O. Smith Corporation (AOS) Gross margin

Alert me on 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

Against its own ten years

Low 35.4% High 41.5%
Ten-year median 38.8%
Current reading's percentile 52

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

The full definition of Gross margin →

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