AOS · NYSE
A. O. Smith Corporation
Specialty Industrial Machinery · United States
- Market cap (USD)
- US$7.79B
- Trailing P/E
- 15.96x
- Forward P/E
- 14.02x
- Quarterly revenue growth
- -0.7%
- Trailing net margin
- 13.1%
- Indicated dividend yield
- 2.5%
Snapshot 2026-10-06 · Latest financial period 2026-06-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Next earnings: 2026-10-29 (provider estimate, not issuer-confirmed).
Company background
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.
Company websiteQ1 2026
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Comparable businesses
AOS peer comparison
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
No suitable peers with fresh, comparable size data are available. We have not substituted unrelated companies.
| Metric | AOSA. O. Smith CorporationSnapshot 2026-10-06Financial period: 2026-06-30 |
|---|---|
| Market capMarket value, converted to USD | US$7.79B |
| Forward P/EProvider forward earnings estimate | 14.02x |
| EV / EBITDAEnterprise value / trailing EBITDA | 10.51x |
| Revenue growthLatest quarter vs prior-year quarter | -0.7% |
| Operating marginLatest reported quarter | 18.9% |
| Free cash flow yieldTrailing cash flow / market cap | 6.2% |
| Net debt / EBITDANet debt / trailing EBITDA | 0.63x |
| Debt / equityTotal debt / positive book equity | 0.37x |
| Trailing P/ETrailing twelve-month earnings | 15.96x |
| Price / bookPrice / positive book equity per share | 4.23x |
| EV / salesEnterprise value / trailing revenue | 2.17x |
| Earnings growthLatest quarter vs prior-year quarter | -15.0% |
| Gross marginTrailing twelve months | 38.6% |
| Net marginTrailing twelve months | 13.1% |
| Return on equityProvider trailing return; positive equity only | 27.1% |
| Free cash flow marginTrailing free cash flow / revenue | 12.7% |
| Dividend yieldIndicated annual dividend / price | 2.5% |
| Earnings payoutProvider trailing dividend payout | 39.6% |
| Current ratioCurrent assets / current liabilities | 1.59x |
| BetaProvider historical market sensitivity | 1.11 |
Comparison methodology & limitations
Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.
Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.
Reported performance
Financial trends
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Source: . Window ends at the latest available reporting period.
Revenue
Reported figures
Financial data & calculation notes
Standalone charts use the stated reporting currency. When a chart comparison spans currencies, money and EPS can be normalized to USD using a recent captured FX snapshot; this is for comparison only, not a historical FX restatement. Stock-based compensation is noncash. Free cash flow is operating cash flow less capital spending, which may include capitalized software. Missing metrics are not estimated or assumed to be zero. Banking and insurance ratios require industry-specific interpretation. Latest restatements may differ from figures in older episodes.
Market context
Valuation & price history
Adjusted closing price
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Price figures
Earnings-multiple scenario
Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.
Starting assumptions, when available, use provider forward estimates as of 2026-10-06. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.
THE RESEARCH RECORD
Research history for AOS
Q1 20262026-05-02
AOS Stock: Revenue Beats, EPS Misses — Q1 2026
Presentation · 2026-05-02 · YouTube