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A. O. Smith Corporation's published Hold conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.
| Market cap | $7.9B | |
|---|---|---|
| Revenue (ttm) | 3.8B | |
| Net income (ttm) | 500.3M | |
| EPS (ttm) | $3.59 | |
| Shares out | 135.9M | |
| P/E (trailing) | 16.9x | |
| P/E (forward) | 13.8x | |
| Dividend | $1.52 (2.51%) | |
| Volume | 2,103,008 | |
| Beta | 1.11 |
Recent price action with selectable time range.
| Item | P1 | P2 | P3 | P4 | P5 | Trend |
|---|---|---|---|---|---|---|
| Period | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Trend |
| Revenue | $3.54B | $3.75B | $3.85B | $3.82B | $3.83B | +2.0% |
| Gross profit | $1.31B | $1.33B | $1.48B | $1.46B | $1.49B | +3.2% |
| Operating income | $682.0M | $362.0M | $745.5M | $707.7M | $728.6M | +1.7% |
| Net income | $487.1M | $235.7M | $556.6M | $533.6M | $546.2M | +2.9% |
| EPS (diluted) | $3.02 | $1.51 | $3.69 | $3.63 | $3.85 | +6.3% |
| EBITDA | $707.8M | $310.0M | $823.8M | $786.5M | $814.5M | +3.6% |
| R&D | $94.2M | $89.0M | $97.5M | $101.7M | $95.0M | +0.2% |
| SG&A | $701.4M | $670.9M | $727.4M | $739.3M | $759.4M | +2.0% |
Recent company headlines from major financial publishers.
Accelerated residential housing turnover and new construction recovery combine with commercial boiler growth exceeding 8%, rapid realization of 4% to 7% price increases, and realization of $6M to $8M in operational savings. Operating margins expand toward 20.0%, driving valuation toward the upper bound of $80.11.
The modal expected path reflects steady North American replacement demand accounting for 80% to 85% of industry volume, offset by sluggish residential turnover. Water heating price increases of 4% to 7% achieve neutral price-cost against 15% full-year steel inflation. Consolidated revenue expands at 2.0% in FY2026 to $3,906.8M, operating margins normalize between 18.5% and 19.5%, and share repurchases of $300M retire ~2.0% to 2.5% of share count, supporting a fair value midpoint of $60.06.
| Ke ↓ / g → | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% |
|---|---|---|---|---|---|
| 8.2% | $61.9 | $65.4 | $69.5 | $74.4 | $80.4 |
| 8.7% | $58.1 | $61.0 | $64.4 | $68.4 | $73.2 |
| 9.2% | $54.7 | $57.2 | $60.1 | $63.4 | $67.4 |
| 9.7% | $51.7 | $53.9 | $56.3 | $59.2 | $62.4 |
| 10.2% | $49.1 | $51.0 | $53.1 | $55.5 | $58.3 |
Upcoming earnings date and setup when available.
The rating each month's published research edition carried. A rating compares the price at analysis with the Fair value; it is not a record of whether the call was right.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 |
