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.

Revenue
−0.21%
EPS
−0.74%
Free cash flow
−32.3%
Total debt
+262.3%

Quarter to September 2026, against a year earlier

64.69 1.88 −2.82%
Market cap
$8.9B
P/E
18.5×
Fwd P/E
17.8×
Dividend yield
2.20%
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 September 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 35.5% and above the Industrials sector median of 30.6%.

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)
Sep 2026 38.8% 0.17
Jun 2026 38.6% (0.06)
Mar 2026 38.7% 0.27
Dec 2025 38.4% (0.27)
43 more quarters

Against its own ten years

Low 35.4% High 41.5%
Ten-year median 38.8%
Current reading's percentile 53

Gross margin against peers

Company Gross margin
GGG Graco Inc. compare 52.0%
WTS Watts Water Technologies, Inc. compare 50.5%
PNR Pentair plc compare 41.2%
GNRC Generac Holdings Inc. compare 39.9%
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 34.2%
INIO INNIO N.V. compare 33.1%
Specialty Industrial Machinery industry median 35.5%
Industrials sector median 30.6%
Market median 45.1%

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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